Aena Sme Sa · BME:AENA
Aena Sme Sa — FY2021 Earnings Presentation
28 slides from Aena Sme Sa's earnings presentation, Feb 23, 2022
Slide 1: Results Presentation 2021 full year results
Results Presentation 2021 full year results 23 February 2022
Slide 2: Disclaimer
Disclaimer This report shows the most important data concerning Aena S.M.E., S.A. and its subsidiaries (‘Aena’ or ‘the Company’), and its management during 2021, including the most relevant information on all business areas, the main figures and the lines of action that have guided the management of
Slide 3: Contents
Contents I. Key highlights II. Business trends III.Financial results IV.Appendices 3
Slide 4: I. Key highlights
I. Key highlights Passengers(1) (m) Total Revenue (€m) -46.9% -55.6% 4,503.3 13,8 307.1 6.7% 52.7% 18.0 2,242.8 2,393.3 275.2 136.3 89.3 11.8 7.8 4.6 5.5 120.0 76.1 2019 2020 2021 2019 2020 2021 Spanish Network Luton Aeroportos do Nordeste do Brasil* * For comparison purposes, the total number of pa
Slide 5: I. Key highlights: Current situation
I. Key highlights: Current situation Traffic: Aena Group1 passenger traffic increased to 136.3 million (up 52.7% compared to 2020), which implies a recovery of 44.4% of the traffic in 2019. At network airports in Spain, traffic increased 57.7% (up to 120.0 million passengers) equivalent to 43.6% of
Slide 6: I. Key highlights: Current situation
I. Key highlights: Current situation The total reduction in MAG and fixed rents amounts to €795 million, which is broken down as follows: DF7 Discounts To P&L in the fiscal year… MAG discounts MAG of finalized discounts Other rent contracts active Total MAG discounts to Total (millions of euros) (to
Slide 7: I. Key highlights: Current situation
I. Key highlights: Current situation Financing: As of 31 December 2021, Aena has cash and credit facilities totalling €2,747.3 million. In addition to these, up to €900 million can be issued under the Euro Commercial Paper (ECP) programme; at year end, no amount has been issued. However, part of thi
Slide 8: Contents
Contents I. Key highlights II. Business trends III.Financial results IV. Appendices 8
Slide 9: II. Traffic data
II. Traffic data Passengers, aircraft movements and cargo Monthly trend in passenger traffic(1) Passengers (m) Spanish Network 2021 2020 Variation 30,0 Monthly variation (%) 2,503.9% Passengers 119,959,671 76,065,601 57.7% 2900,0% Operations 1,518,713 1,101,250 37.9% 25,0 2,100.4% 2400,0% Cargo (kg)
Slide 10: II. Performance by business area
II. Performance by business area(1) Airports 2021 Aeronautical Commercial Real estate services International 3.2% 7.7% Total revenue 33,4% 55.7% €2,393.3m +6.7% €1,332.2m €799.2m €77.2m €186.9m (+35.1%) (-23.6%) (-1.4%) (+38.9%) 12.1% 1.5% Total 12.6% expenses 73.8% €2,545.0m +9.0% €1,878.6m €319.5m
Slide 11: II. Commercial revenue information. Ordinary revenue
II. Commercial revenue information. Ordinary revenue Business area Revenue Variation (Thousands of euros) 2021 2020 € 000 % Duty-Free Shops 259,252 383,806 -124,554 -32.5% Food and beverage 177,461 225,363 -47,902 -21.3% Specialty Shops -3,087 104,495 -107,582 -103.0% Car parks 76,157 50,775 25,382
Slide 12: II. Commercial revenue information. Ordinary revenue summary
II. Commercial revenue information. Ordinary revenue summary Commercial and Real Estate Revenue Revenue Variation (Millions of euros) 2021 2020 € million % Total business activity 721.7 581.7 140.0 24.1% Fixed and Variable rents invoiced and collected in the year 601.0 426.9 174.1 40.8% MAG revenue
Slide 13: II. International shareholdings
II. International shareholdings Luton Passengers (m) Revenue (£m) EBITDA (£m) 18.0 226.9 87.4 91.2 101.1 5.5 4.6 27.5 20.2 2019 2020 2021 2019 2020 2021 2019 2020 2021 Aeroportos do Nordeste do Brasil Passengers (m) Revenue (R$m) (1) EBITDA (R$m) (1) 13.8 370.8 11.8 7.8 146.7 2019 2020 2021 2019 202
Slide 14: Contents
Contents I. Key highlights II. Business trends III.Financial results IV. Appendices 14
Slide 15: III. Financial results
III. Financial results Total Revenue (€m) OPEX(1) (€m) EBITDA(2) (€m) EBITDA 61.4% 31.9% 26.9% margin 1,702.0 2,766.2 4,503.3 1,494.8 4% 2% 1,333.3 1% 6% 37% 28% 2,242.8 2,393.3 3% 2% 3% 3% 714.6 644.8 1% 5% 33% 5% 58% 5% 47% 7% 9% 89% 64% 122% 44% 56% -23% -9% 9% -13% 2019 2020 2021 2019 2020 2021
Slide 16: III. Income statement
III. Income statement €m 2021 2020 Variation €m % Ordinary revenue 2,318.8 2,180.6 138.1 6.3% Airports: Aeronautical 1,283.4 935.8 347.6 37.2% Airports: Commercial 787.8 1,030.2 -242.4 -23.5% Real Estate Services 70.1 76.2 -6.2 -8.1% Región de Murcia International Airport 4.4 5.6 -1.1 -20.1% Interna
Slide 17: III. Income statement: Noteworthy items
III. Income statement: Noteworthy items Other operating expenses: increase in the amount of €154.1 million (+21.3%). This variation is due to: • increase in fixed costs resulting from the re-opening of terminals as a result of the gradual increase in traffic. • in 2020, there was an exceptional redu
Slide 18: III. Cash Flow statement
III. Cash Flow statement Variation €m 2021 2020 €m % Profit/(loss) before tax -168.5 -212.6 44.2 20.8% Depreciation and amortisation 796.6 806.9 Variation in working capital -468.0 -561.9 Net finance income/(expense) 39.4 121.4 Impairment of fixed assets 99.5 108.8 Commercial discounts (application
Slide 19: Contents
Contents I. Key highlights II. Business trends III.Financial results IV. Appendices 19
Slide 20: IV. Appendix. Key figures. Quarterly trends
IV. Appendix. Other financial information. Key figures. Quarterly trends First Quarter Second Quarter Third Quarter Fourth Quarter Total €m 2021 2020 Var. 2021 2020 Var. 2021 2020 Var. 2021 2020 Var. 2021 2020 Var. Consolidated Traffic (thousands of passengers)1 11,413.8 48,462.8 -76.4% 21,436.8 1,8
Slide 21: IV. Appendix. Statement of financial position
IV. Appendix. Other financial information. Statement of financial position €m 2021 2020 €m 2021 2020 Property, plant and equipment 12,373.0 12,331.7 Share capital 1,500.0 1,500.0 Intangible assets 637.3 702.3 Share premium 1,100.9 1,100.9 Investment properties 136.7 139.2 Retained earnings/(losses)
Slide 22: IV. Appendix. Aena S.M.E., S.A. debt
IV. Appendix. Other financial information. Aena S.M.E., S.A. debt Maturity schedule of Aena’s long term debt(1) Distribution of debt by type and Total: €8,088.1 million Average life: 6.9 years average interest rate for the period 14.4% 13.5% 24.7% 9.0% 9.7% 28.7% 2021 Fixed 2020 Variable 0% Debt (€
Slide 23: IV. Appendix. Passenger data by airport groups
IV. Appendix. Passenger data by airport groups(1) Traffic 2021 vs 2020 (m Passengers) Adolfo Suárez Barcelona-El Prat Palma Canary Islands Madrid-Barajas Airport Josep Tarradellas Airport de Mallorca Airport Group Group I Group II(2) Group III Aena 41.0% 48.2% 137.3% 35.5% 72.3% 63.2% 63.4% 57.7% TO
Slide 24: IV. Appendix. Traffic by airline (top 10)
IV. Appendix. Traffic information. Traffic by airline (top 10) Variation Share (%) Passengers(1) Passengers Carrier 2021 2020 % Passengers 2021 2020 Ryanair(2) 23,376,549 13,574,215 72.2% 9,802,334 19.5% 17.8% Vueling 22,278,390 12,804,827 74.0% 9,473,563 18.6% 16.8% Iberia 9,780,270 6,218,205 57.3%
Slide 25: IV. Appendix. Traffic by origin/destination (Top 15)
IV. Appendix. Traffic information. Traffic by origin/destination (Top 15) Variation Share (%) Passengers(1) Passengers Country % Passengers 2021 2020 2021 2020 Spain 52,330,397 33,962,608 54.1% 18,367,789 43.6% 44.6% Germany 12,554,074 6,630,787 89.3% 5,923,287 10.5% 8.7% United Kingdom 9,855,342 8,
Slide 26: IV. Appendix. Alternative Performance Measures
IV. Appendix. Alternative Performance Measures In addition to the financial information prepared under the International Financial Reporting Standards adopted by the European Union (IFRS - EU), the reported financial information includes certain alternative performance measures (APM) in order to com
Slide 27: IV. Appendix. Alternative Performance Measures
IV. Appendix. Alternative Performance Measures 2. Measures of the financial position Net Debt: The Net Debt is the main APM used by Management to measure the Company’s level of indebtedness. It is calculated as the total ‘Financial Debt’ (Non-current Financial Debt + Current Financial Debt) that app
Slide 28: Thank you
Thank you Towards Sustainable Development Social Economic Environmental Development Development Sustainability Company committed to the United Nations Sustainable Development Goals (SDGs)