Flughafen Wien Ag · VIE:FLU
Flughafen Wien — H1 2025 Earnings Presentation
23 slides from Flughafen Wien's earnings presentation, Aug 19, 2025
Slide 1: Flughafen Wien H1/2025
19 August 2025 Flughafen Wien H1/2025 1
Slide 2: Satisfactory development in H1/2025
Satisfactory development in H1/2025 2026 fee reduction will strengthen Vienna‘s attractiveness as an airline destination Revenue and earnings improvement in H1/2025 − Good aviation and non-aviation development Revenue +7.4% to € 524.4 million − Ongoing cost pressure EBITDA +3.3% to € 211.7 million −
Slide 3: Earnings improvement in H1/2025
Earnings improvement in H1/2025 EBITDA +3.3% to € 211.7 million, net profit for the period +6.2% to € 115.1 million € million H1/2025 H1/2024 Δ Revenue 524.4 488.4 +7.4% Earnings before interest, tax, depreciation and amortisation 211.7 204.9 +3.3% (EBITDA) Earnings before interest and taxes (EBIT)
Slide 4: Expenses
Expenses Continuous rise in personnel expenses € million H1/2025 H1/2024 Δ Consumables and services used -28.2 -26.9 +5.0% Personnel expenses -205.4 -189.6 +8.4% Other operating expenses1 -86.5 -74.6 +16.0% Depreciation and amortisation -65.5 -66.2 -1.0% EBITDA margin 40.4% 42.0% -1.6%p EBIT margin
Slide 5: Cash flow and balance sheet structure
Cash flow and balance sheet structure Investments for airport location growth in Vienna and Malta € million H1/2025 H1/2024 Δ Cash flow from operating activities 157.1 178.3 -11.9% Free cash flow 147.4 104.1 +41.5% Capex 140.2 83.1 +68.6% Net liquidity1 -398.4 -511.6 -22.1% Equity1 1,634.6 1,667.2 -
Slide 6: Terminal 3 Southern Expansion
Terminal 3 Southern Expansion Construction progress continues within budget and on time for the 2027 opening − Completion of the building shell − Implementation within budget and on schedule − Preparations for tenant fit-outs and interior construction are underway − Production of technical building
Slide 7: AirportCity
AirportCity Extensive enlargements this year Helios Logistics Park has commenced operations − Opening in June, more than 80,000 m2 of usable space − All areas were already fully leased during the construction phase Hotel Vienna House Easy close to completion − Topping out for construction of Vienna
Slide 8: Financial guidance for 2025
Financial guidance for 2025 Unchanged outlook for the current financial year Revenue approx. € 1,080 million EBITDA approx. € 440 million 1 Group net profit approx. € 230 million CAPEX approx. € 300 million − Strong financial position enables financing of increasing investments from the cash flow 1)
Slide 9: Traffic results H1/2025 & 7/2025
Traffic results H1/2025 & 7/2025 9 9
Slide 10: Traffic development in H1/2025 & 7/2025
Traffic development in H1/2025 & 7/2025 Robust passenger growth in the Flughafen Wien Group Flughafen Wien Group H1/2025 Δ H1/2024 07/2025 Δ 07/2024 1-7/2025 Δ 1-7/2024 passenger development1 Vienna Airport (millions) 14.7 +2.4% 3.3 -1.2% 17.7 +1.7% Malta Airport (millions) 4.5 +11.7% 1.0 +8.8% 5.6
Slide 11: Traffic development in H1/2025 & 7/2025
Traffic development in H1/2025 & 7/2025 Slight passenger growth at Vienna Airport in the first half-year Vienna Airport traffic H1/2025 Δ H1/2024 07/2025 Δ 07/2024 1-7/2025 Δ 1-7/2024 development1 Passengers (millions) 14.7 +2.4% 3.3 -1.2% 18.0 +1.7% Local passengers (million) 11.7 +3.5% 2.5 +0.0% 1
Slide 12: Regional passenger development in H1/2025
Regional passenger development in H1/2025 Further recovery in the Far East Departing passengers, development H1/2025 vs. H1/2024 and share of total passenger volume in H1/2025 Passenger rise of 32.5% Europe +0.7% − New destinations and resumption of thereof Western 84.9% flight service (Scoot, ANA,
Slide 13: Market share of airlines
Market share H1/2025 Share in % Passengers PAX Δ% vs. H1/2024 of airlines 1. Austrian Airlines 2. Ryanair/Lauda* 44.4 21.2 6,544,352 3,121,630 0.7 2.2 3. Wizz Air * 6.0 891,537 -3.4 4. Eurowings * 2.4 352,093 -6.6 Slight growth of 5. Pegasus Airlines 1.9 276,770 23.9 Austrian Airlines despite 6. Tur
Slide 14: Quality
Punctuality in 01-05/2025 (top 15, hub airports >25 million PAX)1 Quality Oslo 87.9% Copenhagen 86.5% Vienna Airport Vienna 84.4% continues to be among Munich 82.2% Europe‘s most punctual London LHR 81.7% hubs1 Rome FCO 79.2% Dublin 78.9% Most punctual London LGW 78.3% Lufthansa flight hub Berlin 77
Slide 15: Traffic forecast for 2025
Traffic forecast for 2025 Slight growth expected at Vienna Airport and in the Flughafen Wien Group Flughafen Wien AG Guidance 2025 2024 Passengers approx. 32 million 31.7 million Flughafen Wien Group Guidance 2025 2024 Passengers approx. 42 million 41.4 million − Following growth in H1/2025, about s
Slide 16: Segment results H1/2025
Segment results H1/2025 16 16
Slide 17: Airport
Airport Increased passenger traffic leads to revenue and earnings improvement − Rise in passenger-related fees of 4.1% to € million H1/2025 H1/2024 Δ € 175.7 million due to passenger growth External revenue 245.1 233.9 4.8% (+2.4%) and fee adjustments; dampening effect from temporary increase in inc
Slide 18: Handling & Security Services
Handling & Security Services Break-even operating result for H1/2025 − Ground handling benefits from increased € million H1/2025 H1/2024 Δ traffic-related revenue (flight movements External revenue 95.8 85.2 12.5% +3.0%) and de-icing fees – revenue +14.4% to € 63.8 million EBITDA 4.2 6.4 -34.2% − Co
Slide 19: Retail & Properties
Retail & Properties Good development of the non-aviation business − Robust 9.4% revenue increase of Center € million H1/2025 H1/2024 Δ Management & Hospitality to € 51.1 million External revenue 101.5 93.7 8.3% − Visible growth of shopping (expansion of duty- EBITDA 53.7 50.3 6.9% free space in Term
Slide 20: Malta
Malta Strong performance due to continued passenger growth − Very good revenue and earnings performance € million H1/2025 H1/2024 Δ thanks to strong passenger growth of 11.7% to External revenue 71.9 64.4 11.6% 4.5 million passengers in H1/2025 EBITDA 45.5 41.0 11.0% → Revenue up 11.6% to € 71.9 mil
Slide 21: Financial calendar 2025
Financial calendar 2025 19 August: H1/2025 results & traffic results for July 2025 11 September: Traffic results August 2025 14 October: Traffic results September 2025 18 November: Q1-3/2025 results & traffic results October 2025 16 December: Traffic results November 2025 21
Slide 22: Disclaimer
Disclaimer This presentation represents an assessment that we have made on the basis of all the information available to us at the current time. If the assumptions on which the presentation is based do not materialize or risks arise to an extent not calculated, the actual results may differ from our
Slide 23: Contact
CONTACT Bernd Maurer Head of Capital Markets +43-1-7007-23126 +43-664-8357723 b.maurer@viennaairport.com 23 23