Flughafen Zurich Ag · SIX:FHZN

Flughafen Zurich — H1 2017 Earnings Presentation

31 slides from Flughafen Zurich's earnings presentation, Aug 29, 2017

  1. Slide 1: 2017 Half Year Financial Results

    2017 HALF YEAR FINANCIAL RESULTS PRESENTATION TO INVESTORS & ANALYSTS Stephan Widrig Lukas Brosi Chief Executive Officer Chief Financial Officer | | © Flughafen Zürich AG

  2. Slide 2: Schedule

    SCHEDULE 1. Business Update 2. Financial performance 3. Outlook 4. Q&A 2 | 29/08/2017 | 2017 half year financial results © Flughafen Zürich AG

  3. Slide 3: 1. Business Update

    1. BUSINESS UPDATE | | © Flughafen Zürich AG

  4. Slide 4: Review

    REVIEW • Strong traffic growth • local & transfer segment on positive trend • peak days >107,000 PAX • successes in international business • 30-year concession to operate and expand Hercílio Luz International Airport in Florianópolis • concession to operate and expand the international airport Diego

  5. Slide 5: Traffic Figures

    TRAFFIC FIGURES Jan-Jun 2017 Jan-Jun 2016 ∆ (in %) in million Local passengers 9.8 9.2 ███ + 6.1% Transfer passengers 3.9 3.4 ███████ + 15.7% Transfer share (in %) 28.7 26.9 + 6.7% Total passengers 13.7 12.6 █████ + 8.6% Movements (in 1'000) 131.4 129.6 █ + 1.4% whereof line & charter movements 114.

  6. Slide 6: Key Figures Commercial Business

    KEY FIGURES COMMERCIAL BUSINESS total airside commercial area ~14’200sqm total landside commercial area ~19’000sqm 6 | 29/08/2017 | 2017 half year financial results © Flughafen Zürich AG

  7. Slide 7: The Circle on Track

    THE CIRCLE ON TRACK | | © Flughafen Zürich AG

  8. Slide 8: International Business Development

    INTERNATIONAL BUSINESS DEVELOPMENT Strategy Flughafen Zürich AG in charge of operational Curaçao and commercial management and development, combined with minority or majority investments. Focus markets Belo Horizonte • Latin America Bogotá (approx. CHF 200m committed investments) • Europe (due dilig

  9. Slide 9: 2. Financial Performance

    2. FINANCIAL PERFORMANCE | | © Flughafen Zürich AG

  10. Slide 10: Financial Key Figures Including Noise

    FINANCIAL KEY FIGURES INCLUDING NOISE Jan-Jun 2017 Jan-Jun 2016 ∆ (in %) in million CHF Aviation revenue 292.4 292.2 + 0.1% Non-aviation revenue 196.4 188.5 ████ + 4.2% Revenue 488.8 480.7 █ + 1.7% EBITDA 271.6 265.9 ██ + 2.2% EBITDA margin (in %) 55.6 55.3 EBIT 151.2 150.5 + 0.5% EBIT margin (in %)

  11. Slide 11: Financial Key Figures Excluding Noise

    FINANCIAL KEY FIGURES EXCLUDING NOISE Jan-Jun 2017 Jan-Jun 2016 ∆ (in %) in million CHF Aviation revenue 286.9 286.7 + 0.1% Non-aviation revenue 196.4 188.5 ████ + 4.2% Revenue 483.3 475.2 █ + 1.7% EBITDA 267.7 262.1 ██ + 2.2% EBITDA margin (in %) 55.4 55.1 EBIT 150.0 149.6 + 0.2% EBIT margin (in %)

  12. Slide 12: Aviation

    AVIATION | | © Flughafen Zürich AG

  13. Slide 13: Aviation Segment Revenue Breakdown

    AVIATION SEGMENT REVENUE BREAKDOWN Jan-Jun 2017 Jan-Jun 2016 ∆ (in %) in million CHF 1 Passenger related operations charges 193.4 198.0 -2.3% ██ 2 Landing charges 39.7 46.0 -13.6% █████ Aircraft-related noise charges 5.5 5.5 -1.4% █ Emission charges 1.8 1.7 █████ + 5.6% 2 Parking charges 12.5 3.5 n/

  14. Slide 14: Non-Aviation

    NON-AVIATION | | © Flughafen Zürich AG

  15. Slide 15: Non-Aviation Segment Revenue Breakdown

    NON-AVIATION SEGMENT REVENUE BREAKDOWN Jan-Jun 2017 Jan-Jun 2016 ∆ (in %) in million CHF Retail, tax & duty free 48.1 44.2 ███████ + 8.8% 1 Food & beverage operations 8.2 7.8 ████ + 5.1% 2 Revenue from multi-storey car parks 38.1 36.1 █████ + 5.5% Other commercial revenue 16.9 16.1 ████ + 5.3% Total

  16. Slide 16: OPEX & Other Key Figures

    OPEX & OTHER KEY FIGURES | | © Flughafen Zürich AG

  17. Slide 17: Operating Expenses

    OPERATING EXPENSES Jan-Jun 2017 Jan-Jun 2016 ∆ (in %) in million CHF 1 Personnel expenses 97.6 95.5 ██ + 2.1% 2 Police and security 59.7 59.0 █ + 1.2% 3 Energy and waste 10.4 8.7 ██████ + 19.7% Maintenance and material 15.8 15.6 █ + 1.0% Other operating expenses 25.5 25.7 -1.1% █ 4 Sales, marketing,

  18. Slide 18: Key Figures

    KEY FIGURES incl. noise excl. noise Jan-Jun 2017* Jan-Jun 2016 Jan-Jun 2017* Jan-Jun 2016 in million CHF EBITDA 271.6 265.9 267.7 262.1 EBITDA margin (in %) 55.6 55.3 55.4 55.1 Depreciation and amortization -120.4 -115.4 -117.7 -112.5 EBIT 151.2 150.5 150.0 149.6 EBIT margin (in %) 30.9 31.3 31.0 31

  19. Slide 19: Segment Report According to IFRS

    SEGMENT REPORT ACCORDING TO IFRS regulated business non-regulated business based on results of the 12-month period preceding the reporting date 19 | 29/08/2017 | 2017 half year financial results © Flughafen Zürich AG

  20. Slide 20: Investments

    INVESTMENTS Investments per June 30, 2017 (in million CHF) 2017 planned investment costs for largest projects 1 THE CIRCLE (51%) 47.7 2 upgrade Zone A 7.3 3 additional stands 6.6 4 refurbishment P1 2.9 THE CIRCLE additional stands CHF ~120 million CHF ~35 million other investments 11.6 Total investm

  21. Slide 21: 3. Outlook

    3. OUTLOOK | | © Flughafen Zürich AG

  22. Slide 22: Timetable Highlights

    TIMETABLE HIGHLIGHTS only minor impact expected after filing for insolvency Current summer timetable 2017 Star Alliance carrier Air China offers 4 weekly flights Beijing to Beijing (start: June 7, 2017) Cancun, San Jose, San Diego new long-haul destinations with 2 weekly flights Prague, Palma de Mal

  23. Slide 23: Consolidation of International Business

    CONSOLIDATION OF INTERNATIONAL BUSINESS A-Port Chile (2016 figures) PAX 3.1m (IQQ & ANF) revenue CHF 7m revenues from «international activities» EBITDA CHF 3m FLN (2016 figures) PAX 3.5m revenues as of 2018 only; revenue CHF 27m start-up costs 2017: mid-single digit million amount EBITDA CHF 13m Con

  24. Slide 24: Guidance 2017

    GUIDANCE 2017 PAX approx. 6% higher local disproportionately lower growth transfer disproportionately higher growth revenue higher aviation slightly higher non-aviation higher (incl. concession accounting) OPEX higher (incl. concession accounting) EBITDA stable depreciation & amortization approx. CH

  25. Slide 25: 4. Q&A

    4. Q&A Transport Conference London (UBS) Tuesday, September 12, 2017 Roadshow Madrid (Santander) Monday, October 2, 2017 Publication full year results 2017 Friday, March 2, 2018 General meeting of shareholders Thursday, April 19, 2018 | | © Flughafen Zürich AG

  26. Slide 26: IR Contacts

    IR CONTACTS Lukas Brosi Chief Financial Officer investor.relations@zurich-airport.com Stefan Weber Head Investor Relations +41 (0)43 816 27 15 investor.relations@zurich-airport.com 26 | 29/08/2017 | 2017 half year financial results © Flughafen Zürich AG

  27. Slide 27: Disclaimer

    DISCLAIMER This document has been prepared by Flughafen Zürich AG for use in this presentation. The information contained in this document has not been independently verified. No representation or warranty – whether express or implied – is made as to, and no reliance should be placed on, the fairnes

  28. Slide 28: Passenger Development

    PASSENGER DEVELOPMENT Worldwide 2017 from/to ZRH +8.6% global market +6.5% North America 2017 market share ZRH 7.8% Middle East 2017 from/to ZRH +4.5% market share ZRH 5.5% global market +3.3% from/to ZRH +5.8% global market +7.9% Far East 2017 market share ZRH 7.5% Latin America 2017 from/to ZRH +1

  29. Slide 29: Alliance Shares ZRH (of Scheduled Flights Only)

    ALLIANCE SHARES ZRH (OF SCHEDULED FLIGHTS ONLY) Source: ACI & ZRH data warehouse 29 | 29/08/2017 | 2017 half year financial results © Flughafen Zürich AG

  30. Slide 30: Star Alliance Hubs Passenger Development

    STAR ALLIANCE HUBS PASSENGER DEVELOPMENT Source: ACI & ZRH data warehouse 30 | 29/08/2017 | 2017 half year financial results © Flughafen Zürich AG

  31. Slide 31: Key Indicators

    KEY INDICATORS Source: ACI & ZRH data warehouse 31 | 29/08/2017 | 2017 half year financial results © Flughafen Zürich AG

Flughafen Zürich — H1 2017 Earnings Presentation on 6ix