Fraport AG · XETR:FRA

Fraport — Non-Deal Roadshow (January 2011)

25 slides from Fraport's roadshow presentation, January 2011

  1. Slide 1: Roadshow Hamburg/Hannover

    Roadshow Hamburg/ Hannover January 2011 Stefan J. Rüter, Head of Finance and Investor Relations Slide 2 Disclaimer This document has been prepared by Fraport solely for use in this presentation. The information contained in this document has not been independently verified. No representation or warr

  2. Slide 2: Agenda / Latest Traffic Development

    Slide 3 Agenda  Latest Traffic / Financial Development  Business Prospects  Summary Roadshow Hamburg/ Hannover January 2011 Latest Traffic Development FRA*: Clear Upside despite adverse Circumstances Passengers (mil.) Dezember 3.785.361 -1,6% Cargo (‘000 t) Dezember 187.468 2,3% January untilbis

  3. Slide 3: Strong Group-Wide Performance in 2010

    Slide 5 Latest Traffic Development Strong Group-Wide Performance in 2010 in „000 Fraport Share FY 2009 YTD 2010 Dec 2010 Frankfurt 100% 50,933 53,009 3,785 ∆ in % -4.7 4.1 -1.6 Lima 70.01% 8,787 10,278 913 ∆ in % 6.1 17.0 22.1 Antalya */** 51% 11,013 22,144 498 ∆ in % 5.2 18.5 4.2 Varna 60% 1.220 1,

  4. Slide 4: Latest Financial Development: Fraport Group 9M 2010

    Slide 7 Latest Financial Development Fraport Group 9M 2010* € mil. Traffic • Strong FRA, AYT & LIM momentum +8.5% Aviation • First step of fee increase effective (+4.0 %) +8.9% Retail • Retail per Pax on all time high (2.91 €) 1,636.9 +24.5% 1,508.3 Reported +25.6% Adjusted 566.8 +25.4% 455.4 161.6

  5. Slide 5: Agreement on Airport Charges 2010-2015 reached

    Slide 9 Agenda  Latest Traffic / Financial Development  Business Prospects  Summary Roadshow Hamburg/ Hannover January 2011 Slide 10 Business Prospects Agreement on Airport Charges 2010-2015 reached  Contracts with airlines signed +2.9% Jan 2015 in Dec. 2009 & Feb. 2010 Airport charges +2.9%  S

  6. Slide 6: New Lufthansa Contract in Ground Handling

    Slide 11 Business Prospects New Lufthansa Contract in Ground Handling  Ground Handling for all Lufthansa aircraft at FRA over the next eight years  Including handling of passengers, baggage and cargo  New definition of quality standards  Bonus/Malus system included:  Fair compensation if perfor

  7. Slide 7: Optimized External Activities Portfolio

    Slide 13 Business Prospects Optimized External Activities Portfolio Varna & Burgas Saint Petersburg Frankfurt Xi„an Hanover Riyadh Antalya Lima Cairo Delhi Dakar Jeddah Majority holdings Minority holdings Management holdings Roadshow Hamburg/ Hannover January 2011 Slide 14 Business Prospects All Air

  8. Slide 8: Capex Program of ~€4.5 bn secures Competitiveness

    Slide 15 Business Prospects Capex Program of ~€4.5 bn.* secures Competitiveness 1 3 5 6 4 7 2 8 9 Expansion FRA North 1 Mönchhof Site 4 Pier A+ (FRA North) 7 CD – Link (FRA North) 2 Ticona 5 Airrail Center 8 A380 Maintenance Hangar 3 The new North-West Runway (Expansion) 6 Gateway Gardens 9 Terminal

  9. Slide 9: Timeframe for Runway on Track!

    Slide 17 Business Prospects More Construction Impressions Roadshow Hamburg/ Hannover January 2011 Roadshow Hamburg/ Hannover January 2011 Slide 18 Business Prospects Timeframe for Runway on Track! 2009 2010 2011 Court decision VGH*  Legal Possible court decision BVerwG in 2011** Forest clearing  R

  10. Slide 10: Gradual Opening of new Runway from 2011 onwards

    Slide 19 Business Prospects Gradual Opening of new Runway from 2011 onwards Passengers Movements/hour 80 120  Winter season 2011/2012: ~ 88 movements/hour  Target 2012: 70 100 90-92 movements/hour  Until ~2015 step by step 60 80 increase up to: ~ 100 movements/hour  Around 65 mil. 50 60 passenge

  11. Slide 11: A-Plus: Focus on Retail Business

    Slide 21 Business Prospects A-Plus: Focus on Retail Business  Two large market places  Around 50 retail outlets (10,000 sqm)  Around 20 Food & Beverage concepts (2,100 sqm)  Prime shopping area after security control with large share of attractive intercontinental traffic  Exclusive Lufthansa l

  12. Slide 12: CargoCity South: Expansion tendered

    Slide 23 Business Prospects CargoCity South: Expansion of 27 ha tendered 98 ha existing 250 customers, all Target to handle more than 3 Space TOP-Logistics represented mil. t Cargo in 2020 Free capacities sold out! Strong demand for further space Marketing starting in 2011 / 2012! Roadshow Hamburg/

  13. Slide 13: Summary: What happened during last Year?

    Slide 25 Agenda  Latest Traffic / Financial Development  Business Prospects  Summary Roadshow Hamburg/ Hannover January 2011 Slide 26 Summary What happened during last Year? What we promised... ... is what we delivered!  Comprehensive capex program  Manage capex on time and budget!   Results

  14. Slide 14: Conclusion / Outlook

    Slide 27 Summary Conclusio / Outlook  One of the dominant players in airport business worldwide  Key Asset: Frankfurt Airport  More than 53 million passengers in 2010  More than 2 million metric tons cargo in 2010  Worldwide one of only two airports in the Top 10 for passenger and cargo traffic

  15. Slide 15: Group P&L Statement

    Slide 29 Group P&L Statement Strong Performance Group-Wide 1700 +11.2 +4.4 +11.1 +51.8 Revenue 1600 +18.5 1,636.9 +33.3 -5.8 +4.1 1500 1,508.3 1,502.5 1400 1300 1200 In € mil. 9M 09 Hahn 9M 09 Aviation1 Ground Retail Antalya2 Lima3 Twin Others 9M reported adjust. adjusted Handling & Real Star4 2010

  16. Slide 16: Segment Aviation

    Slide 31 Segment Aviation* Good Traffic development, lower Security Income Revenue EBITDA EBIT 19.5 % Margin 23.2 % 8.7 % Margin 12.6 % +0.8 % +20.3 % 517.3 521.4 +45.8 % 121.1 100.7 65.6 45.0 9M 2009 9M 2010 9M 2009 9M 2010 9M 2009 9M 2010 Up due to traffic development and 1st step of fee increase

  17. Slide 17: Segment Retail & Real Estate / Ground Handling

    Slide 33 Segment Retail & Real Estate Retail per PAX strong 9M Figures Retail & Real Estate Revenue 9M 2009 Retail & Real Estate Revenue 9M 2010 € mil. € mil. 284.5 +7.0 % 5.0 Others 266.0 Others 6.9 52.4 Parking Parking 46.1 +5.4 % € 2.91 / PAX € 2.76 / PAX Real Real 117.9 Estate Estate 112.5 +9.5

  18. Slide 18: Segment External Activities & Services

    Slide 35 Segment External Activities & Services Strong Performance in External Activities Revenue EBITDA EBIT 44.9 % Margin 55.4 % 23.1 % Margin 32.3 % +27.6 % +57.6 % +78.5 % +30.5 % +62.1 % +82.7 % 336.3 186.4 108.5 263.6 118.3 60.8 9M 2009 9M 2010 9M 2009 9M 2010 9M 2009 9M 2010 AYT up: +€51.8 mi

  19. Slide 19: Antalya

    Slide 37 Segment External Activities & Services Antalya Overview 2010 review:  Strong international growth due to competitive value for money in Turkey  Main growing countries: Russia, Germany & Ukraine  Domestic growth due to cheap ticket prices  YTD #1 Mediterranean Airport in 20 +18.6% peer g

  20. Slide 20: Lima

    Slide 39 Segment External Activities & Services Lima Overview 2010 review:  Traffic growth primarily driven by additional frequencies on domestic routes, international growth dampened by Machu Picchu access problems in H1  >90% of Peruvian international traffic handled in Lima  Cargo growth by GD

  21. Slide 21: Varna & Burgas / Financial Position & Gearing

    Slide 41 Segment External Activities & Services Varna & Burgas Overview Burgas:  Terminal construction on track  Inauguration: 2013  New capacity for 2.7 mil. PAX Varna:  Terminal construction on Track  Inauguration: 2013  New capacity for 1.8 mil. PAX  Runway refurbishment as of 10/2011 Road

  22. Slide 22: Consolidated Income Statement & Cash Flows

    Slide 43 Consolidated Income Statement & Consolidated Statement of Comprehensive Income Roadshow Hamburg/ Hannover January 2011 Slide 44 Consolidated Statement of Cash Flows Roadshow Hamburg/ Hannover January 2011

  23. Slide 23: Statement of Financial Position / New IFRIC 12 Accounting

    Slide 45 Consolidated Statement of Financial Position Gearing 79.9 % 67.9% Roadshow Hamburg/ Hannover January 2011 Slide 46 New IFRIC 12 Accounting as of Jan.1, 2010 Overview  IFRIC 12 is a guidance on accounting for service arrangements by companies rendering public services for governmental bodie

  24. Slide 24: Adjustments due to IFRIC 12

    Slide 47 Group & Investment Adjustments due to IFRIC 12 Group Lima effect* Antalya effect Twin Star effect € mil. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenue 2009 new 456.5 506.0 545.8 502.0 30.3 28.8 29.2 27.9 5.6 20.5 31.8 20.8 1.8 8.7 22.1 2.8 2009 old 452.0 493.5 532.7 494.4 28.0 26.

  25. Slide 25: IR Contact

    Slide 49 IR Contact Fraport AG Frankfurt Airport Services Worldwide 60547 Frankfurt am Main Phone +49 69 690 - 74842 Fax +49 69 690 - 74843 Email investor.relations@fraport.de Stefan J. Rüter Svenja Knust Marc Poeschmann Florian Fuchs Tanja Nagel Head of Finance & IR Assistant IR Manager IR Manager

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