Flughafen Zurich Ag · SIX:FHZN

Flughafen Zurich — FY2017 Earnings Presentation

33 slides from Flughafen Zurich's earnings presentation, Mar 2, 2018

  1. Slide 1: 2017 Full Year Financial Results

    2017 FULL 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 | 02/03/2018 | 2017 full year financial results © Flughafen Zürich AG

  3. Slide 3: 1. Business Update

    1. BUSINESS UPDATE | | © Flughafen Zürich AG

  4. Slide 4: Review

    REVIEW • rising passenger volumes • stable flight operations • successful commercial centers & parking • strategic growth on track • good progress in marketing for THE CIRCLE • new concessions in international business | | © Flughafen Zürich AG

  5. Slide 5: Traffic Figures

    TRAFFIC FIGURES Jan-Dec 2017 Jan-Dec 2016 ∆ (in %) in million Local passengers 21.0 20.0 █████ + 5.3% Transfer passengers 8.3 7.6 ███████ + 8.8% Transfer share (in %) 28.3 27.6 n/a Total passengers 29.4 27.7 ██████ + 6.3% Movements (in 1'000) 270.5 269.2 █ + 0.5% whereof line & charter movements 236

  6. Slide 6: Timetable Highlights

    TIMETABLE HIGHLIGHTS current winter timetable 2017/18 Wroclaw year-round service with 3 flights per week Orlando year-round service to Orlando with 1-weekly flight beside its summer operation, Icelandair is now offering 2-weekly Reykjavik flights during winter since January 22, the Belgian carrier i

  7. Slide 7: Key Figures Commercial Business

    KEY FIGURES COMMERCIAL BUSINESS total airside commercial area ~14’200sqm total landside commercial area ~19’000sqm 7 | 02/03/2018 | 2017 full year financial results © Flughafen Zürich AG

  8. Slide 8: Extended Offering for Parking

    EXTENDED OFFERING FOR PARKING • modernization and expansion of parking 6 completed • Erfreuliche Umsatzentwicklung in anspruchsvollem • strengthening Umfeld of digital offering  insbesondere im luftseitigen 300 transactions per day Bereich  Gastronomie approx. CHF 120 per online booking  hochp

  9. Slide 9: THE CIRCLE on Track

    THE CIRCLE ON TRACK • completion of construction end of 2019 • opening main area in H1/2020 (north wing opening in H2/2020) • total investment forecast FZAG: CHF 600m including tenant fit-out | | © Flughafen Zürich AG

  10. Slide 10: Promising Prelettmg

    PROMISING PRELETTING USZ Hyatt Regency Abraxas THE PARK Sablier Convention Center Microsoft Hyatt Place FZAG Spaces | | © Flughafen Zürich AG

  11. Slide 11: Established International Airport Operator

    ESTABLISHED INTERNATIONAL AIRPORT OPERATOR We successfully leverage our partners‘ know-how with our own best-practice experience for mutual value creation. Kazakhstan, completed project Casablanca, completed project Japan Vietnam Curaçao, O&M, shareholding Philippines Bangalore, Bogotá, completed pr

  12. Slide 12: 2. Financial Performance

    2. FINANCIAL PERFORMANCE | | © Flughafen Zürich AG

  13. Slide 13: Financial Key Figures Including Noise

    FINANCIAL KEY FIGURES INCLUDING NOISE Jan-Dec 2017* Jan-Dec 2017 Jan-Dec 2016* ∆ (in %) in million CHF Aviation revenue 624.2 624.2 620.4 + 0.6% Non-aviation revenue 412.9 412.9 392.4 █████ + 5.2% Revenue 1'037.1 1'037.1 1'012.8 ██ + 2.4% EBITDA 578.8 583.6 568.1 █ + 1.9% EBITDA margin (in %) 55.8 5

  14. Slide 14: Financial Key Figures Excluding Noise

    FINANCIAL KEY FIGURES EXCLUDING NOISE Jan-Dec 2017* Jan-Dec 2017 Jan-Dec 2016* ∆ (in %) in million CHF Aviation revenue 612.7 612.7 608.7 + 0.7% Non-aviation revenue 412.9 412.9 392.4 ███ + 5.2% Revenue 1'025.6 1'025.6 1'001.1 █ + 2.4% EBITDA 570.8 575.6 559.9 █ + 1.9% EBITDA margin (in %) 55.7 56.1

  15. Slide 15: Aviation

    AVIATION | | © Flughafen Zürich AG

  16. Slide 16: Aviation Segment Revenue Breakdown

    AVIATION SEGMENT REVENUE BREAKDOWN Jan-Dec 2017 Jan-Dec 2016 ∆ (in %) in million CHF 1 Passenger related operations charges 419.3 421.9 -0.6% 2 Landing charges 82.6 91.0 -9.2% ████ Aircraft-related noise charges 11.6 11.7 -1.0% █ Emission charges 3.8 3.7 ███ + 3.9% 2 Parking charges 25.1 13.2 n/a Fr

  17. Slide 17: Non-Aviation

    NON-AVIATION | | © Flughafen Zürich AG

  18. Slide 18: Non-Aviation Segment Revenue Breakdown

    NON-AVIATION SEGMENT REVENUE BREAKDOWN Jan-Dec 2017 Jan-Dec 2016 ∆ (in %) in million CHF Retail, tax & duty free 102.1 96.5 █████ + 5.9% 1 Food & beverage operations 17.5 16.7 ████ + 4.9% 2 Revenue from multi-storey car parks 79.4 75.4 █████ + 5.4% Other commercial revenue 35.2 32.2 ████████ + 9.4%

  19. Slide 19: OPEX & Other Key Figures

    OPEX & OTHER KEY FIGURES | | © Flughafen Zürich AG

  20. Slide 20: Operating Expenses

    OPERATING EXPENSES Jan-Dez 2017* Jan-Dez 2017 Jan-Dez 2016* ∆ (in %) in million CHF 1 Personnel expenses 201.5 201.5 196.6 █ + 2.5% 2 Police and security 119.6 119.6 118.3 + 1.2% Energy and waste 18.8 18.8 18.5 █ + 1.9% 1 Maintenance and material 38.0 38.0 35.2 █████ + 8.0% Other operating expenses

  21. Slide 21: Development of EBITDA (incl. Noise)

    DEVELOPMENT OF EBITDA (INCL. NOISE) +1.9% 21 | 02/03/2018 | 2017 full year financial results © Flughafen Zürich AG

  22. Slide 22: Key Figures

    KEY FIGURES incl. noise excl. noise Jan-Dec 2017* Jan-Dec 2016* Jan-Dec 2017* Jan-Dec 2016* in million CHF EBITDA 578.8 568.1 570.8 559.9 EBITDA margin (in %) 55.8 56.1 55.7 55.9 Depreciation and amortization -243.7 -241.5 -238.4 -235.9 EBIT 335.1 326.6 332.3 324.1 EBIT margin (in %) 32.3 32.2 32.4

  23. Slide 23: Investments

    INVESTMENTS Investments per December 31, 2017 (in million CHF) 2018 planned investment costs for largest projects 1 THE CIRCLE (51%) 92.1 2 additional stands 31.0 3 upgrade Zone A 21.9 4 refurbishment P1 8.9 THE CIRCLE additional stands CHF ~140 million CHF ~20 million 5 adoption airport center 4.0

  24. Slide 24: 3. Outlook

    3. OUTLOOK | | © Flughafen Zürich AG

  25. Slide 25: Guidance

    GUIDANCE 2017 figures Guidance 2018 (excl. one-offs) PAX 29.4 million 3.5% to 4% higher aviation revenues corresponding to PAX growth increasing commercial revenues Revenues CHF 1’034m increasing international revenues (total CHF 40-45m) concession accounting (mid double-digit million amount) increa

  26. Slide 26: Capex Roadmap

    CAPEX ROADMAP period 2018 – 2020 period 2021-2026 high visibility medium visibility • CHF 300-350 million p.a. • CHF ~300 million p.a. • whereof regulated: ~40% • whereof regulated: ~60% • whereof maintenance: • whereof maintenance: CHF 100-130 million p.a. CHF 100-130 million p.a. • core projects:

  27. Slide 27: 4. Q&A

    4. Q&A Roadshow London (Kempen) March 6, 2018 Roadshow Madrid (Santander) March 14, 2018 Roadshow Frankfurt (Vontobel) March 15, 2018 UBS Sector Trip (ZRH) March 23, 2018 Swiss Seminar Zurich (Kepler) March 23, 2018 Santander Infra Tour (ZRH) April 10, 2018 General Shareholder Assembly 2018 April 19

  28. Slide 28: 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 28 | 02/03/2018 | 2017 full year financial results © Flughafen Zürich AG

  29. Slide 29: 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

  30. Slide 30: Passenger Development

    PASSENGER DEVELOPMENT Worldwide 2017 from/to ZRH +6.3% global market +6.4% North America 2017 market share ZRH 8.1% Middle East 2017 from/to ZRH +3.6% market share ZRH 5.4% global market +3.5% from/to ZRH +8.2% global market +4.7% Far East 2017 market share ZRH 7.1% Latin America 2017 from/to ZRH +1

  31. Slide 31: FY2017 Alliance Shares ZRH

    FY2017 ALLIANCE SHARES ZRH Source: ZRH data warehouse, 2017 31 | 02/03/2018 | 2017 full year financial results © Flughafen Zürich AG

  32. Slide 32: Star Alliance Hubs Passenger Development

    STAR ALLIANCE HUBS PASSENGER DEVELOPMENT 25% 2017 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35% BRU CPH -40% FRA MUC -45% VIE ZRH -50% Source: ZRH data warehouse, 2017 32 | 02/03/2018 | 2017 full year financial results © Flughafen Zürich AG

  33. Slide 33: Key Indicators

    KEY INDICATORS Source: ZRH data warehouse, 2017 33 | 02/03/2018 | 2017 full year financial results © Flughafen Zürich AG

Flughafen Zürich — FY2017 Earnings Presentation on 6ix