Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q1 2022 Earnings Presentation
25 slides from Flughafen Wien's earnings presentation, May 19, 2022
Slide 1: Flughafen Wien AG Results Q1/2022
FLUGHAFEN WIEN AG Results Q1/2022 19.05.2022
Slide 2: Q1/2022: Significant passenger and result improvement in comparison to previous year
Q1/2022: Significant passenger and result improvement in comparison to previous year Fivefold increase in passenger figures in Q1/2022 to 3.7 million passengers in the Flughafen Wien Group – this still equals roughly half of pre-crisis levels Significant improvement of financial KPIs: +92.9% in
Slide 3: Revenue almost doubled versus previous year, strongly improved results
Revenue almost doubled versus previous year, strongly improved results in € million Q1/2022 Q1/2021 Δ in % Revenue 110.9 57.5 92.9 Earnings before interest, tax, depreciation 46.3 2.4 n.a. and amortization (EBITDA) Earnings before interest and taxes (EBIT) 12.4 -30.9 n.a. Financial results -3.4 -3.6
Slide 4: Expenses: Higher level, but not to the same extent as revenue improvement
Expenses: Higher level, but not to the same extent as revenue improvement in € million Q1/2022 Q1/2021 Δ in % Expenses for consumables and services used were above Consumables and services used -10.7 -7.8 36.9 previous year (+36.9%) Personnel expenses -51.5 -39.1 31.5 Other operating Personnel e
Slide 5: Slightly lower net debt, CAPEX on low level, stable equity
Slightly lower net debt, CAPEX on low level, stable equity Q1/2022 Q1/2021 Δ in % Net debt (€ million)1 145.4 150.4 -3.3 Gearing (in %)1 11.0 11.4 n.a. Cash flow from operating activities 21.4 -11.3 n.a. (€ million) Free cash flow (€ million) -58.8 -28.8 n.a. CAPEX (€ million)2 10.1 6.3 60.2 Equity
Slide 6: Share price development from 01/2016: +21% outperforming competitors
Share price development from 01/2016: +21% outperforming competitors, market cap at about € 2.2 billion at the end of Q1/2022 100 50 Indexed +21% 0 +5% -17% -50 -100 31.12.2015 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 FWAG Fraport ZRH Share price development from 1.1.2016 to
Slide 7: Financial guidance for 2022
Financial guidance for 2022 Outlook 2022 Revenue approx. € 560 million EBITDA at least € 172 million Consolidated net profit at least € 20 million Net debt below € 50 million CAPEX approx. € 84 million If traffic development continues to outperform the figures on which the budget is based,
Slide 8: May 2022: Austria's largest photovoltaic plant goes into operation at Vienna Airport
May 2022: Austria‘s largest photovoltaic plant goes into operation at Vienna Airport Output of about 24 megawatt peak generated by the photovoltaic plant covering 24 hectares Eight photovoltaic systems will supply 30 million KWh of electricity in the future – a third of VIE’s electricity needs!
Slide 9: 2023: Vienna Airport will become a CO2-neutral green airport
2023: Vienna Airport will become a CO2- neutral “green airport” With 8 PV-plants, CO2-neutral district heating and other projects, Vienna Airport is reducing its CO2 emissions significantly As of May 2022 Vienna Airport operates eight photovoltaic plants on its site – a third of VIE’s electricity
Slide 10: Airport hub is growing: new business location projects create 1,000 additional jobs
Airport hub is growing: new business location projects create 1,000 additional jobs Airport Region is growing despite the crisis ➢ 1,000 new jobs due to increase in business location projects ➢ Swissport opens new air cargo center in May ➢ New DLH SkyLog Park Vienna with 25,000 m² logistic facilit
Slide 11: Traffic Results 1-3/2022
TRAFFIC RESULTS 1-3/2022 11
Slide 12: Traffic development 1-3/2022 Flughafen Wien Group
Traffic development 1-3/2022 Flughafen Wien Group Δ in % Group passenger development 1-3/2022 1-3/2021 Δ in % to 2019 Vienna Airport (millions) 2.9 0.6 >400 -51.6 Malta Airport (millions) 0.7 0.1 >500 -44.1 Kosice Airport (millions) 0.1 0.0 >700 -35.8 Vienna Airport and its strategic 3.7 0.7 >400 -5
Slide 13: Shares of scheduled airlines
Shares of scheduled airlines PAX Δ to 2021 PAX Δ to 2019 1-3/2022 Share in % Passengers in % in % 1. Austrian 38.5 1,130,182 266.9 -52.9 2. Ryanair/Lauda 23.5 689,214 > 500 41.5 3. Wizz Air 8.3 242,554 > 500 -37.4 4. Turkish Airlines 2.9 86,318 111.4 -26.4 5. Emirates 2.5 72,896 171.7 -32.9 6. Lufth
Slide 14: Traffic development Vienna Airport April 2022
Traffic development Vienna Airport April 2022 Δ in % 04/2022 04/2021 04/2019 to 2019 Passengers (millions) 1.8 0.3 2.7 -34.8 Local passengers (millions) 1.4 0.2 2.1 -34.5 Transfer passengers (millions) 0.4 0.1 0.6 -34.5 Flight movements (in 1,000) 15.2 5.0 22.8 -33.6 MTOW (in 1,000 tonnes) 640.3 238
Slide 15: Outlook summer 2022
Outlook summer 2022 Positive outlook for the coming summer months ~60 airlines with up to 190 destinations in 60 countries Numerous offers to Europe and the Mediterranean Austrian with 110 destinations and 1,300 weekly frequenceies Focus lies on touristic destinations in Greece, Spain and Ital
Slide 16: Traffic forecast for 2022
Traffic forecast for 2022 Flughafen Wien Group: Forecast 2019 2020 2021 2022 Passengers: 39.5 mill. 9.7 mill. 13.1 mill. ca. 21 mill. Flughafen Wien AG: 2019 2020 2021 Forecast 2022 Passengers: 31.7 mill. 7.8 mill. 10.4 mill. ca. 17 mill. 16
Slide 17: Segment Results Q1/2022
SEGMENT RESULTS Q1/2022 = AN Vienna Wi G International Airport
Slide 18: Airport: Much higher revenue, improved results
Airport: Much higher revenue, improved results Revenues and results were significantly in € million Q1/2022 Q1/2021 Δ in % improved compared with previous year‘s period due to much higher traffic volumes External revenue 49.0 16.1 204.0 EBITDA 13.4 -5.6 n.a. Revenue from aircraft-related fees in
Slide 19: New elegance for passengers: Terminal 2 open since March 2022
New elegance for passengers: Terminal 2 open since 29 March 2022 19
Slide 20: Passengers can expect a modern travel experience in a classy ambience
Passengers can expect a modern travel experience in a classy ambience Large and high-end lounge (2,360m²) Attractive shopping and food & beverage offering More comfort through extensive glass front and generous ceiling height New and additional baggage claims New central security check for
Slide 21: Handling & Security Services: Higher revenue, positive results
Handling & Security Services: Higher revenue, positive results Revenue from ground handling Δ in in € million Q1/2022 Q1/2021 increased by 109.9% to € 14.9 % million due to traffic growth External revenue 25.2 16.7 51.3 EBITDA 3.2 -3.8 n.a. Revenue from cargo handling slightly decreased to € 6.4
Slide 22: Retail & Properties: Significantly improved results
Retail & Properties: Significantly improved results (supported by income from the sale of land) Higher revenue from center in € million Q1/2022 Q1/2021 Δ in % management & hospitality which increased by 16.0% to € 8.9 External revenue 21.9 16.8 30.8 million (Q1/2021: € 7.7 million) EBITDA 20.0 9.3
Slide 23: New food and beverage offers for travellers
New food and beverage offers for travellers: Hollywood at the airport and more local cuisine Numerous new F&B offers at Vienna Airport: Trzesniewski, Dean & David, Manner-Shop, AIDA Café Highlight: „Wolfgang Puck Kitchen & Bar“ by Hollywood star chef Wolfgang Puck Restaurant with bar and tak
Slide 24: Malta: Improvement of revenue and results
Malta: Improvement of revenue and results External revenue in the Malta in € million Q1/2022 Q1/2021 Δ in % segment climbed by 113.1% to € 10.8 million (Q1/2021: € 5.1 External revenue 10.8 5.1 113.1 million) in the first quarter and EBITDA 4.5 0.0 n.a. revenue increased in both the Airport segmen
Slide 25: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 25