Slide 1: 9 Months 2017 Financial Results
9 Months 2017 Financial Results November 13, 2017
Slide 2: 9M 2017 Highlights
9M 2017 Highlights Traffic growth acceleration in Q2 17 and Q3 17 leads to strong increase in revenue from operations, up 6.9% to €669.3m En-route revenue up 4.8% to €478.5m Terminal revenue increases by 12.4% to €169.8m Non-regulated revenue grows 18.5% to €10.6m, +58.7% on an organic basis
Slide 3: 9M 2017 Main Traffic Trends
9M 2017 Main Traffic Trends En-route service units increase 3.3%1 YoY driven by significant growth in Q2 17 En-route (+4.9%) and Q3 17 (+4.8%) : National Traffic breakdown Overflight 19% (by Service Unit) 39% Positive performance in International traffic, with service units up 2.3% YoY 9M 17: +3
Slide 4: Net Sales Performance
Net Sales Performance Net sales breakdown €m 1.6% Net sales growth of 1.6% YoY driven by strong increase in Revenue from 662 673 Operations, up 6.9%, offset by negative Balance o/w Balance: 25 (54.8)% o/w Balance: 55 €(22)m Solid En-route revenue growth of 4.8% YoY driven by international traffi
Slide 5: Solid execution on efficiency plan
Solid execution on efficiency plan Delivering strong external cost efficiency €m External opex optimization continuing to deliver significant results with 120 (9.6)% reduction of €11.5m YoY (-9.6%, -3.6% excl. IPO costs in 9M 16): IPO Costs 7,4 109 Lower purchasing costs due to more effective sp
Slide 6: 9M 2017 Financials Overview
9M 2017 Financials Overview 5
Slide 7: Net Revenue and EBITDA Development
Net Revenue and EBITDA Development Net Sales €m Solid net sales increase of 16 +1.6% 1.6% YoY driven by strong 1.6 Operating revenue 19 performance, both in en-route (32) 673 0.3 and terminal, partly offset by 662 22 negative Balance Significant reduction in Balance mainly due to TZ3 Balance in
Slide 8: Consolidated P&L and Main Movements Below EBITDA
Consolidated P&L and Main Movements Below EBITDA Euro '000 Change Reduction in D&A of 3.6% YoY 9M 2017 9M 2016 Change % as a result of investments which Revenue from operations 669.345 626.388 42.957 6,9% have still not entered Balance (21.786) 10.094 (31.880) -315,8% depreciation cycle Other oper
Slide 9: Cash Flow and Capitalization
Cash Flow and Capitalization Cash balance decreases by €73m mainly as a result of: Capex and fourth and final tranche of Aireon Maturity Total debt Debt repayments of €16m Current (<1 Non-current outstanding/cash (€m) year) Dividends paid of €95.3m Total Debt 32 284 316 Cash & Equivalents 15
Slide 10: Key Take Aways
Key Take Aways Top-line growth driven strong traffic trends in most significant quarters of the year, despite specific airline issues Continuing to deliver strong execution on cost efficiency measures, driving margin expansion and cash flow Non-regulated business continues to maintain solid gr
Slide 11: Disclaimer
Disclaimer This presentation contains certain forward-looking statements that reflect the Company’s management current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward looking statements are based on ENAV S.p.A.’s curren