Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q1 2025 Earnings Presentation
25 slides from Flughafen Wien's earnings presentation, May 15, 2025
Slide 1: Flughafen Wien Q1/2025
15 May 2025 Flughafen Wien Q1/2025 1
Slide 2: Revenue and earnings increase in Q1/2025
Revenue and earnings increase in Q1/2025 Good aviation and non-aviation development, improved financial result Solid start to the year despite later Easter and leap day in 2024 − Revenue +7.4% to € 225.9 million − EBITDA +2.2% to € 81.3 million − Net profit for the period +7.3% to € 39.9 million − N
Slide 3: Q1/2025: Slight earnings improvement
Q1/2025: Slight earnings improvement EBITDA +2.2% to € 81.3 million, net profit for the period up 7.3% to € 39.9 million € million Q1/2025 Q1/2024 Δ Revenue 225.9 210.3 7.4% Earnings before interest, tax, depreciation and amortisation 81.3 79.5 2.2% (EBITDA) Earnings before interest and taxes (EBIT)
Slide 4: Expenses
Expenses Ongoing cost pressure € million Q1/2025 Q1/2024 Δ Consumables and services used -16.4 -14.9 9.8% Personnel expenses -96.2 -89.1 8.0% Other operating expenses1 -34.9 -30.1 16.2% Depreciation and amortisation -32.5 -33.0 -1.5% EBITDA margin 36.0% 37.8% EBIT margin 21.6% 22.1% − With effect fr
Slide 5: Cash flow & balance sheet structure
Cash flow & balance sheet structure Improved cash flow € million Q1/2025 Q1/2024 Δ Cash flow from operating activities 95.2 68.2 39.6% Free cash flow 6.4 -4.1 256.4% Capex 66.6 34.9 91.0% Net liquidity1 562.1 511.6 9.9% Equity1 1,708.6 1,667.2 2.5% Equity ratio1 69.3 69.5 n.a. − Terminal 3 Southern
Slide 6: AirportCity – ongoing business location boom
AirportCity – ongoing business location boom Extensive expansion projects in 2025 − Expansion of the “VIE Space Hub“ space cluster → 2 new startups: R-Space (development of state-of-the-art satellite platforms) and GATE Space (production of innovative, chemical propulsion systems for satellites) new
Slide 7: Further expansion of the AirportCity
Further expansion of the AirportCity Development of the landbank Expansion projects in the coming years − Office Park 4 expansion: 17,000 m2 of additional high-quality office and conference space, construction scheduled to begin in 2026 − New Car Park 6 in planning − Development Zone West: developme
Slide 8: Financial guidance 2025
Financial guidance 2025 Outlook confirmed 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) Before non-controlling interests 8
Slide 9: Traffic results Q1/2025 & 4/2025
Traffic results Q1/2025 & 4/2025 9 9
Slide 10: Traffic development Q1/2025 & 4/2025
Traffic development Q1/2025 & 4/2025 Robust passenger growth in the Group Group passenger development Q1/2025 Δ Q1/2024 4/2025 Δ 4/2024 1-4/2025 Δ 1-4/2024 (millions)1 Vienna Airport (millions) 6.0 1.8% 2.8 +7.6% 8.8 3.6% Malta Airport (millions) 1.8 14.0% 0.9 +15.8% 2.7 14.6% Košice Airport (millio
Slide 11: Traffic development Q1/2025 & 4/2025
Traffic development Q1/2025 & 4/2025 Vienna Airport – Easter traffic distorts period analysis, ytd +3.6% Traffic development at Vienna Q1/2025 Δ Q1/2024 4/2025 Δ 4/2024 1-4/2025 Δ 1-4/2024 Airport1 Passengers (millions) 6.0 +1.8% 2.8 +7.6% 8.8 +3.6% Local passengers (million) 4.9 +3.4% 2.2 +7.0% 7.1
Slide 12: Passenger development Q1/2025
Passenger development Q1/2025 Europe Recovery to the Far East +0.2% − Increased frequencies to Bangkok thereof 82.8% thereof − The region profits from the Western Europe +0.0% Eastern Europe Growth e.g., to Faro, Bari, Oslo, Lanzarote, Growth e.g. to Dubrovnik, Tiflis, market opening to China +1.3%
Slide 13: Market share of airlines
Market share Q1/2025 Share in % Passengers PAX Δ% vs. Q1/2024 of airlines 1. Austrian Airlines 2. Ryanair/Lauda + 41.0 21.4 2,470,128 1,286,616 -1.5 8.7 3. Wizz Air * 7.4 447,982 1.5 4. Eurowings * 2.4 143,248 -0.9 Strong 8.7% growth of 5. Pegasus Airlines 2.0 119,325 16.9 6. Turkish Airlines 1.9 11
Slide 14: Airline highlights in the 2025 summer flight schedule
Airline highlights in the 2025 summer flight schedule New destinations and additional frequencies to Europe and Asia − Up to 73 airlines with about 190 destinations in 66 countries operate flights in the current summer flight schedule − Numerous offerings, especially to Europe and in the Mediterrane
Slide 15: Best Airport Staff Europe
“Best Airport Staff Europe“ Operational excellence – Skytrax Award ceremony − In 2025, Vienna Airport was given the award for the Best Airport Staff in Europe for the fifth time − Globally, Vienna Airport is ranked an outstanding 15th, and is rated 3rd in the category “Best Airports with 20-30 milli
Slide 16: 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 − Slight capacity growth in the summer
Slide 17: Segment Results Q1/2025
Segment Results Q1/2025 17 17
Slide 18: Airport
Airport Revenue rise to € 100 million, incentive and cost increases depress earnings − Significant rise of 16% in aircraft-related fees € million Q1/2025 Q1/2024 Δ mainly related to growth in flight movements External revenue 100.0 98.0 2.1% and MTOW (+5.0% respectively) as well as fee adjustments E
Slide 19: Handling & Security Services
Handling & Security Services Positive operating results in Q1/2025 − Considerable rise (+26%) in ground handling € million Q1/2025 Q1/2024 Δ revenue to € 31.9 million resulting esp. from External revenue 47.0 39.7 18.6% higher de-icing fees and traffic-related income (+5.0% rise in flight movements)
Slide 20: Retail & Properties
Retail & Properties Good development of non-aviation revenue − Robust revenue growth of non-aviation € million Q1/2025 Q1/2024 Δ business areas: External revenue 44.5 41.4 7.5% → Center Management & Hospitality +8% EBITDA 22.1 21.1 4.6% → Parking +7% → Rental +6% EBIT 17.4 16.2 7.6% − Very good deve
Slide 21: Centralised management of the supply of goods
Centralised management of the supply of goods Terminal 3 Southern Expansion: Construction progress on schedule − Central logistics centre for the supply of goods Founding of a joint venture with Bradford Airport Logistics − Supply of goods to more than 100 shops and restaurants in all terminal areas
Slide 22: Malta
Malta Strong performance due to uninterrupted passenger growth − Very good revenue and earnings development € million Q1/2025 Q1/2024 Δ due to strong passenger growth of 14.0% to External revenue 29.2 25.7 13.7% 1.79 million passengers → Revenue +13.7% to € 29.2 million EBITDA 16.9 14.9 14.1% → EBIT
Slide 23: Financial Calendar 2025
Financial Calendar 2025 15 May: Q1/2025 Results 06 June: Annual General Meeting 11 June: Ex-dividend Date 19 August: H1/2025 Results 18 November: Q1-3/2025 Results 23
Slide 24: Disclaimer
Disclaimer The 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 25: Bernd Maurer
CONTACT Bernd Maurer Head of Capital Markets +43-1-7007-23126 +43-664-8357723 b.maurer@viennaairport.com 25 25