Flughafen Wien Ag · VIE:FLU
Flughafen Wien — 9M 2012 Earnings Presentation
16 slides from Flughafen Wien's earnings presentation, 2012
Slide 1: Results for the First Nine Months 2012
Flughafen Wien AG Results for the First Nine Months 2012 11
Slide 2: Flughafen Wien AG: Positive Commercial Development
Flughafen Wien AG: Positive Commercial Development • Measures to improve p p productivity, y reduce costs and streamline organisational structure take effect • Increase in revenue and earnings for first three quarters • Guidance for 2012 confirmed – break even or slightly weaker results expected for
Slide 3: Highlights in the First Nine Months of 2012
Highlights in the First Nine Months of 2012 • Number of passengers increases 5.9% to 16.9 mill. – slower growth expected toward year-end • Revenue rises by 5.1% • EBITDA +10.4% to € 174.6 mill. • EBIT increases to € 102.8 mill. ((+63.1%); 63.1%); net profit after non-controlling non controlling inte
Slide 4: At a Glance: Financial Data for the First Nine Months 2012
At a Glance: Financial Data for the First Nine Months 2012 in € mill. 1-9/2012 1-9/2011 ∆ in % Revenue 457.5 435.3 +5.1 5.1 Earnings before interest, taxes, depreciation and 174.6 158.2 +10.4 amortisation (EBITDA) Earnings before interest and taxes (EBIT) 102.8 63.0 +63.1 Financial results -8.6 8.6
Slide 5: Expenses
Expenses • Consumables and services used slightly higher due to an increase in energy in € mill. 1-9/2012 1-9/2011 ∆ in % consumption Consumables and -30 2 -30.2 -27.7 27 7 +9 0 +9.0 • Personnel expenses: almost stable in services used 1-9/2012 despite wage and salary increases mandated by collectiv
Slide 6: Debt and Gearing
Debt and Gearing • 56.8% decline in cash and cash 30.9.2012 31.12.2011 ∆ in % equivalents mainly due to premature repayment of part of promissory note (€ 64.0 mill.) and scheduled Gearing (in %) 84.4 92.6 n.a. repayments (€ 42.9 mill.) • Reclassification of € 121.5 mill. from Net debt (in € mill.) 7
Slide 7: Cash Flow and Investments
Cash Flow and Investments • Cash flow from operating activities: declined Cash Flow (in € mill.) by € 3.2 mill. in 1-9/2012. Positive effects of 200 earnings improvement offset by non-cash non cash 58 effects from depreciation and amortisation, 150 provisions as well as changes in receivables 100 an
Slide 8: At a Glance: Traffic Results for the First Nine Months 2012
At a Glance: Traffic Results for the First Nine Months 2012 1-9/2012 1-9/2011 ∆ in % Passengers (in mill.) 16.9 16.0 +5.9 Transfer passengers (in mill.) 5.4 4.9 +10.2 W t Western Europe E (in (i mill.) ill )1) 57 5.7 55 5.5 +3 9 +3.9 Eastern Europe (in mill.)1) 1.7 1.5 +13.4 Flight movements (in 1,0
Slide 9: Traffic Results for the First Nine Months 2012
Traffic Results for the First Nine Months 2012 +5.9% 88.0% +13.4% 20.0% +3 9% +3.9% +7.8% 68.0% 2.0% +10.0% +10 0% 4.8% -3.8% 3.4% +10.9% 1.8% 99
Slide 10: Traffic Results – Share of Airlines
Traffic Results – Share of Airlines 1-9/2012 1-9/2011 ∆ in % Passengers (in mill.) 16.9 16.0 +5.9 Share in % Share in % PAX ∆ in % AUA 49.4 50.0 +4.6 L fth Lufthansa 53 5.3 50 5.0 +12.6 12 6 Germanwings 2.2 2.3 +2.3 Swiss S ss 1.5 5 1.6 6 +0.6 06 Total Lufthansa Group1) 60.5 61.4 +4.3 Niki 12.4 12.0
Slide 11: Airport Segment
Airport Segment • Revenue growth in 1-9/2012 driven by strong 1-9/2012 1-9/2011 ∆ in % increase in passengers (+5.9%) and new – higher – security tariff External revenue 238 7 238.7 221 6 221.6 +7 7 +7.7 (in € mill.) • EBITDA and EBIT positive, also due to lower EBITDA (in € mill.) 108.2 99.1 +9.2 i
Slide 12: Handling Segment
Handling Segment • Market share nearly unchanged at 1-9/2012 1-9/2011 ∆ in % approx. 90% External revenue 116 1 116.1 119 4 119.4 -2.7 27 (in € mill.) • Improvement in EBITDA and EBIT margins from 6.1% to 9.5% and from EBITDA (in € mill.) 15.8 9.8 +60.7 3.2% to 6.9%, respectively, due to EBIT (in €
Slide 13: Retail & Properties Segment
Retail & Properties Segment • Higher income from shops and 1-9/2012 1-9/2011 ∆ in % gastronomy due to strong growth External revenue 90 8 90.8 82 4 82.4 +10 2 +10.2 in passenger volume (in € mill.) EBITDA (in € mill.) 55.4 57.5 -3.7 • Sound development of income from parking and rentals EBIT (in € m
Slide 14: Segment Results in the First Nine Months 2012
Segment Results in the First Nine Months 2012 Airport Handling Retail & Properties Other Segments ∆ in % ∆ in % ∆ in % ∆ in % External revenue 238 7 238.7 +7 7 +7.7 116 1 116.1 -2 7 -2.7 90 8 90.8 +10 2 +10.2 11 7 11.7 -1 3 -1.3 (in € mill.) EBITDA (in € mill.) 108.2 +9.2 15.8 +60.7 55.4 -3.7 13.7 +
Slide 15: Outlook 2012
Outlook 2012 • Flughafen Wien AG will meet all targets announced in the 2012 guidance • Break even or slightly weaker results expected in the fourth quarter – net profit for the 2012 financial year will equal or be slightly lower than the first three quarters • Positive net cash flow and slight decl
Slide 16: Thank You for Your Attention!
Thank You for Your Attention! 16 16