Flughafen Wien Ag · VIE:FLU
Flughafen Wien — FY2014 Earnings Presentation
16 slides from Flughafen Wien's earnings presentation, January 2015
Slide 1: Traffic Results 2014 and Outlook for the Company 2015
FLUGHAFEN WIEN AG Traffic Results 2014 and Outlook for the Company 2015
Slide 2: 2014: Passenger record despite burdens
2014: Passenger record despite burdens ✈ Record level at 22.5 million passengers (+2.2%) ✈ Excellent development of the long-haul routes: +27.8% North America, +12.5% Far East, +6.4% Africa 3 new long-haul routes, 6 new airlines ✈ Service quality improvements - important progress made: New desig
Slide 3: Traffic development of Vienna Airport in 2014
Traffic development of Vienna Airport in 2014 2014 2013 Chg. in % Passengers (in million) 22.48 22.00 +2.2 Local passengers (in million) 15.87 15.18 +4.6 Transfer passengers (in million) 6.53 6.79 -3.9 Flight movements (in 1,000) 230.78 231.18 -0.2 MTOW (in million tonnes) 8.18 7.91 +3.4 Seat load f
Slide 4: 70 airlines with 172 destinations in 71 countries
70 airlines with 172 destinations in 71 countries Europe +0.9% Thereof Western 87.3% Thereof Eastern Europe Europe Growth to Madrid, London, +3.0% -6.5% Decline mainly to Russia, Ukraine Berlin and Frankfurt 69.2% 18.1% Far East North America Growth due to seasonally direct flight service to +12.5%
Slide 5: Shares of passengers by airline
Shares of passengers by airline 2014 2013 Chg. in % Share in % Share in % PAX ∆ in % Austrian Airlines Group 47.7 49.1 -0.7 Lufthansa 4.8 5.5 -12.4 Germanwings 3.2 2.7 +20.1 Swiss Intl. 1.7 1.7 +4.1 Total LH Group 1) 58.8 60.5 -0.7 NIKI 11.0 11.0 +2.7 airberlin 6.2 6.1 +4.0 Total HG/AB Group 17.3 17
Slide 6: Good news already for 2015
Good news already for 2015 ✈ Austrian Airlines: Mauritius, increased frequencies to Newark and Athens ✈ NIKI: Catania, Alicante, Athen, Paphos and more flights to Zurich ✈ Frequency increases and new flight connections on the part of EasyJet, Vueling, TUIFly, Estonian Air, Aegean, SunExpress, Pegasu
Slide 7: Traffic estimates for 2015
Traffic estimates for 2015 2014 Forecast for 2015 Passengers 22.5 million 0% to +2% Flight movements 230,781 0% to +1% ✈ Crises continue – perceptible pressure on VIE as a CEE hub; ticket tax is a competitive disadvantage ✈ Passenger decline expected in Q1/2015 ✈ Slightly optimistic outlook for
Slide 8: Successful service initiative at the airport
Successful service initiative at the airport ✈ 120 quality improvement measures since September 2011 Key projects: Pier West, barrier-free access, guidance system 8
Slide 9: Expanded shopping and gastronomy offering at VIE
Expanded shopping and gastronomy offering at VIE ✈ 102 shops and restaurants newly opened since September 2011 Upcoming additions: Daily Roast and further shopping and gastronomy facilities 9
Slide 10: Corporate Development and Financial Guidance for 2015
CORPORATE DEVELOPMENT AND FINANCIAL GUIDANCE FOR 2015
Slide 11: Flughafen Wien hopes for growth despite challenges
Flughafen Wien hopes for growth despite challenges, elements of uncertainty due to crises – earnings improvement targeted again in 2015 ✈Ongoing, sustainable productivity increases against the backdrop of persistent reduction in operating, financing and staff costs should lead to revenue and earning
Slide 12: Success on the path to creating an Airport City
Success on the path to creating an Airport City ✈Expansion of conferencing offering in preparation. Start of planning to extend office space (OP4). ✈Intensification of location marketing and efforts to lure businesses – two new companies (Makita and Cargo Partner) have already set up operations at V
Slide 13: Tax reform should add impetus to growth and employment
Tax reform should add impetus to growth and employment ✈Ticket tax impedes growth – drives away air traffic to neighboring countries and has a negative impact on passenger volume ✈Abolishment would immediately create new jobs – at least 1,000 new jobs at the airport per 1 million additional passenge
Slide 14: Share price development since January 2012
Share price development since January 2012: +166%, market capitalization over € 1.6 billion 275 +166% 250 225 Indexed to 100 200 175 +76% 150 125 +13% 100 75 FWAG ATX Benchmark (FRA, ADP, ZRH) average Return of share to ATX (March 24, 2014) Share price development from January 1, 2012 to January 16,
Slide 15: Outlook 2015 – Targeted earnings improvement
Outlook 2015 – Targeted earnings improvement Outlook for 2015 Revenue > € 645 million EBITDA > € 250 million Net profit ≥ € 85 million Net debt ≤ € 500 million CAPEX ~ € 95 million 15
Slide 16: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 16