Flughafen Wien Ag · VIE:FLU
Flughafen Wien — FY2021 Earnings Presentation
29 slides from Flughafen Wien's earnings presentation, Mar 2, 2022
Slide 1: Results 2021 and Forecast 2022
FLUGHAFEN WIEN AG Results 2021 and Forecast 2022 Online press conference, 2 March 2022
Slide 2: 2021: Positive net result despite corona crisis – 2022: Significant upturn on the horizon
2021: Positive net result despite corona crisis – 2022: Significant upturn is on the horizon despite higher uncertainty COVID-19 pandemic has led to the biggest crisis in the history of aviation: Strong growth in 2021 in revenue to € 407.0 million (2020: € 333.7 million) and a positive net result
Slide 3: Call for COVID-19 checks only at departure and suspension of CO2-taxation for 2022
Call for COVID-19 checks only at departure and suspension of CO2-taxation for 2022 Blanket entry health checks at the airport should be stopped (and should only be continued via spot checks) – in the future checks should be focused on departures In the face of the enormous energy cost inflation
Slide 4: Improvement of revenue and earnings vs. 2020, net profit for the period achieved
Improvement of revenue and earnings vs. 2020, net profit for the period achieved in € million 2021 2020 Revenue 407.0 333.7 Earnings before interest, tax, depreciation 153.7 54.1 and amortization (EBITDA) Earnings before interest and taxes (EBIT) 19.2 -86.5 Financial results -10.4 -14.4 Earnings bef
Slide 5: Improvement of net result expected in 2022
Improvement of net result expected in 2022 200 150 100 176 152 Net result in € million 112 113 127 50 92 79 81 >20 +6 0 1 2 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 -50 -76 -100 5 Profit for the period before non-controlling interests; Values adjusted for 2012-2015 1) Preliminary resul
Slide 6: Expenses remained on a low level
Expenses remained on a low level Expenses for consumables and in € million 2021 2020 Δ in % services used were slightly Consumables and -29.8 -29.3 +1.4 above previous year services used Personnel expenses -193.1 -202.9 -4.8 Personnel expenses were down Other operating -47.6 -52.1 -8.7 expenses1
Slide 7: Lower net debt, positive free cash flow and CAPEX reduction
Lower net debt, positive free cash flow and CAPEX reduction 2021 2020 Net debt (€ million)1 150.4 201.9 Gearing (%)1 11.5 15.5 Cash flow from operating activities 105.8 -23.0 (€ million) Free cash flow (€ million) 66.9 -0.5 CAPEX (€ million)2 51.6 79.9 Equity (€ million)1 1,313.9 1,305.5 Equity rati
Slide 8: Share price development since 01/2016
Share price development since 01/2016: +27% (end of 2021: +21%) outperforming competitors, market cap at about € 2.4 billion at the end of 02/2022 (end of 2021: ca. € 2.2 billion) 100 50 +27% Indexed +11% 0 +6% -50 -100 31.12.2015 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 FWA
Slide 9: 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 9
Slide 10: 2023: Vienna Airport will become a CO2-neutral green airport
2023: Vienna Airport will become a CO2- neutral “green airport” In spring 2022 Austria‘s largest photovoltaic plant will go into operation in VIE – the airport will operate CO2-neutrally in 2023 Spring 2022: Austria‘s largest photovoltaic plant in operation at Vienna Airport ➢ Output of about 24 m
Slide 11: Revenue from the ticket tax and certificate trading should be earmarked for climate protection
Revenue from the ticket tax and certificate trading should be earmarked for climate protection Aviation only accounts for 2.7% of global CO2 emissions – the sector is already doing its share thanks to CORSIA, certificate trading and local measures Alternative fuels and synthetic kerosene are the
Slide 12: 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 ➢ New DLH SkyLog Park Vienna with 25,000 m² logistic facilities on 45,000 m² area ➢ DHL Air sets up headqu
Slide 13: Segment results 2021 and traffic results
SEGMENT RESULTS 2021 AND TRAFFIC RESULTS 13
Slide 14: An upturn is on the horizon – a strong summer is expected despite uncertainties
An upturn is on the horizon – a strong summer is expected despite uncertainties The segment results of 2021 have mostly outperformed the results of the crisis year 2020 An upturn is on the horizon: The first quarter will still be restrained, but from Easter onwards significant passenger growth i
Slide 15: Airport: Improvement of EBITDA and EBIT due to recovery of passenger numbers
Airport: Improvement of EBITDA und EBIT due to recovery of passenger numbers Markedly higher revenue due to the in € million 2021 2020 Δ in % recovery of passenger figures and movements External revenue 169.5 133.0 +27.4 EBITDA 65.9 17.1 n.a. Revenue from aircraft-related fees EBIT -14.6 -70.2 n
Slide 16: Handling & Security Services: Higher revenue due to increase in volumes
Handling & Security Services: Higher revenue due to increase in volumes Revenue from ground handling Δ in increased by 18.2% to € 51.4 in € million 2021 2020 % million External revenue 94.4 86.1 +9.7 EBITDA 2.8 -19.6 n.a. Revenue from cargo handling remained on the previous year‘s EBIT -6.6 -28.
Slide 17: Retail & Properties: Increase in revenue, strong improvement of results
Retail & Properties: Increase in revenue, strong improvement of results Higher revenue from center in € million 2021 2020* Δ in % management & hospitality, which increased by 33.2% to € 34.1 million External revenue 82.4 70.5 +16.9 (2020: € 25.6 million) EBITDA 50.1 34.5 +45.2 Parking revenue al
Slide 18: Malta: Improvement of revenue and results
Malta: Improvement of revenue and results Airport-related revenue increased in € million 2021 2020 Δ in % by 55.7% to € 27.8 million year- on-year, also in this segment External revenue 47.4 32.2 +47.3 primarily as a result of higher EBITDA 24.5 5.8 n.a. traffic figures EBIT 11.0 -6.0 n.a. In Re
Slide 19: Summer flight schedule 2022: More capacity at Easter time and in summer
Summer flight schedule 2022: More capacity at Easter time and in summer Positive outlook for the upcoming summer flight schedule We are expecting about 50 airlines at Easter time and 60 in summer 165 destinations will be served at Easter time and up to 190 destinations in 60 countries in summe
Slide 20: Summer flight schedule 2022 – airline highlights
Summer flight schedule 2022 – airline highlights Austrian: Over 110 destinations and multiple frequency increases on offer. New in summer: Kavala and Valencia as well as the resumption of services to e.g. Los Angeles, Gothenburg and Bologna Ryanair: Over 90 destinations, stationing of 5 addition
Slide 21: Ukraine Crisis: Traffic forecast can be confirmed from today's perspective
Ukraine Crisis: Traffic forecast can be confirmed from today‘s perspective Before the Ukraine Crisis: 41 frequencies per week to Russia and Ukraine (beginning of February 2022) Moscow, St. Petersburg: Austrian Airlines, S7, Aeroflot, Rossiya Kharkiw, Kiev, Lviv, Odessa: Austrian Airlines, Ryan
Slide 22: 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. 22
Slide 23: New elegance for passengers: Terminal 2 will reopen on 29 March 2022
New elegance for passengers: Terminal 2 will reopen on 29 March 2022 23
Slide 24: 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 25: AN Vienna
= AN Vienna International Airport
Slide 26: AN Vienna
= AN Vienna Wi G International Airport
Slide 27: NAN Vienna
= NAN Vienna International Airport
Slide 28: CAT resumes operations on 29 March 2022
CAT resumes operations on 29 March 2022 1.7 million passengers travelled on CAT in 2019 ➢ Quickest nonstop connection to the city center of Vienna in only 16 minutes ➢ Every 30 minutes ➢ Luggage check-in already possible at the City Check-In at Wien Mitte station ➢ Free Wifi, comfortable seats and
Slide 29: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 29