Slide 1: Flughafen Wien AG Q1-3/2017 Business Results
FLUGHAFEN WIEN AG Q1-3/2017 Business Results
Slide 2: Q1-3/2017: Continuation of positive passenger development
Q1-3/2017: Continuation of positive passenger development Q1-3/2017 – Passenger growth at Vienna Airport of 5.7% (Vienna Airport Group: +8.1%) despite airberlin; strong passenger volume increase in Malta (+18.2%) and also in Kosice (+15.4%) Revenue increase to € 568.6 million (+2.1%), EBITDA climbs
Slide 3: Sustainably positive development of the EBITDA margin
Sustainably positive development of the EBITDA margin documents substantial productivity increase 50% 45% 40% 35% 30% 25% 46.1% 46.9% 43.4% 44.5% 41.7% 20% 37.7% 40.0% 15% 30.7% 10% 5% 0% 2011 2012 2013 2014 2015 2016 Q1-3/2016 Q1-3/2017 Figures adjusted for 2011-2016 due to FMA decision 3
Slide 4: Good earnings thanks to revenue development, stable cost level and improved financial results
Good earnings thanks to revenue development, stable cost level and improved financial results in € million Q1-3/2017 Q1-3/2016 ∆ in % Revenue 568.6 556.6 +2.1 Earnings before interest, tax, depreciation and 266.5 256.6 +3.8 amortization (EBITDA) Earnings before interest and taxes (EBIT) 166.5 158.5
Slide 5: Expenses: Cost level almost unchanged
Expenses: Cost level almost unchanged ✈ Expenses for consumables and services in € million Q1-3/2017 Q1-3/2016 ∆ in % used up by € 2.3 million due to Consumables and higher consumption of de-icing material, services used -27.2 -24.9 +9.1 fuel and maintenance materials ✈ Personnel expenses up € 5.7 m
Slide 6: Further reduction of net debt: € 100.5 million below end of 2016
Further reduction of net debt: € 100.5 million below end of 2016 Q1-3/2017 Q1-3/2016 ∆ in % Net debt (€ million)1 255.0 355.5 -28.3 Gearing (%)1 21.3 31.1 n.a. Cash flow from operating activities 237.1 212.3 +11.7 (€ million) Free cash flow (€ million) 115.5 227.2 -49.2 CAPEX (€ million)2 85.3 69.0
Slide 7: Ongoing positive development of net debt and gearing
Ongoing positive development of net debt and gearing ✈ Net debt reduced by € 100.5 million to 30.9.2017 31.12.2016 ∆ in % € 255.0 million ✈ Slight rise in non-current assets Net debt 255.0 355.5 -28.3 (€ million) ✈ Increase in current assets as a Gearing (%) 21.3 31.1 n.a. consequence of revenue gro
Slide 8: Improved operating cash flow
Improved operating cash flow ✈ Free cash flow considerably below the in € million Q1-3/2017 Q1-3/2016 ∆ in% prior-year level due to development of the cash flow from investing activities Cash flow from 237.1 212.3 +11.7 (Q1-3/2016: advance payment by Austrian operating activities Airlines – Hermione
Slide 9: Share price development since January 2012
Share price development since January 2012: +351%, market capitalisation about € 2.8 bn. 500 450 +351% 400 Indexed to 100 350 300 +182% 250 200 +79% 150 100 50 FWAG ATX Benchmark (FRA, ADP, ZRH) average 9 Share price development from January 1, 2012 to November 10, 2017
Slide 10: Vienna Airport continues on its growth path
Vienna Airport continues on its growth path ✈ Completed expansion of Air Cargo Centers by additional 15,000 m² ✈ Major business location projects in the Airport City as shown by DHL ✈ Investments of € 30 million for CO2 reduction measures ✈ Planning started for Office Park 4 ✈ Medical center in the
Slide 11: Outlook confirmed for 2017
Outlook confirmed for 2017 Outlook 2017 Revenue > € 740 million EBITDA > € 315 million Group net profit1 > € 120 million Net debt < € 350 million CAPEX > € 100 million 1) Before non-controlling interests 11
Slide 12: Segment Results Q1-3/2017
SEGMENT RESULTS Q1-3/2017 12
Slide 13: Airport: Positive traffic development continues despite airberlin bankruptcy
Airport: Positive traffic development continues despite airberlin bankruptcy ✈ Passenger volume up 5.7% to 18.7 million travellers ✈ Main drivers of this positive development were Austrian in € million Q1-3/2017 Q1-3/2016 ∆in % Airlines, Eurowings and easyJet, enabling the airport to more than compe
Slide 14: Handling & Security services: Revenue increase despite slight drop in flight movements
Handling & Security services: Revenue increase despite slight drop in flight movements ✈ Increased income despite slight drop in flight movements related to deployment of larger in € million Q1-3/2017 Q1-3/2016 ∆in % aircraft (higher MTOW) and new customers, price adjustments as well as higher de-ic
Slide 15: Retail & Properties: Slight rise in revenue
Retail & Properties: Slight rise in revenue ✈ Shopping and F&B: recovery due to good development of passengers in € million Q1-3/2017 Q1-3/2016 ∆in % from Russia and China – slightly External revenue 94.2 91.7 +2.7 disproportionate revenue increase of 6.3% (PRR at € 1.90 vs. € 1.89 EBITDA 59.6 55.3
Slide 16: Malta: Earnings increase driven by strong passenger growth
Malta: Earnings increase driven by strong passenger growth ✈ +18.2% rise in passenger volume in € million Q1-3/2017 Q1-3/2016 ∆in % in Q1-3/2017 External revenue 63.1 55.5 +13.7 ✈ Significant revenue increase reflects EBITDA 38.3 31.3 +22.5 flight traffic development: Airport and Retail & Properties
Slide 17: Results of strategic investments
Results of strategic investments Malta Int. Airport Kosice Airport Q1-3/2017 Q1-3/2017 ✈ About 4.6 million passengers ✈ About 0.4 million passengers (+18.2%) (+15.4%) 2016 2016 ✈ About 5.1 million passengers ✈ About 0.4 million passengers (+10.0%) (+6.4%) ✈ Revenue: € 73.1 million ✈ Revenue: € 9.1 m
Slide 18: Traffic Results Q1-3/2017
TRAFFIC RESULTS Q1-3/2017 18
Slide 19: Traffic development Q1-3/2017 Flughafen Wien Group
Traffic development Q1-3/2017 Flughafen Wien Group Group passenger development Q1-3/2017 Q1-3/2016 ∆ in % Vienna Airport (millions) 18.68 17.68 +5.7 Malta Airport (millions) 4.63 3.92 +18.2 Kosice Airport (millions) 0.40 0.35 +15.4 Vienna Airport and its strategic 23.72 21.94 +8.1 investments (VIE,
Slide 20: Share of scheduled carriers
Share of scheduled carriers Q1-3/2017 Share in % Passengers PAX ∆% vs Q1-3/2016 1. Austrian Airlines 48.2 9,004,132 +14.3 2. Eurowings & Germanwings 9.0 1,689,797 +86.3 3. airberlin 4.2 777,001 -22.1 4. Lufthansa 3.6 675,613 -0.8 5. easyJet Group1 3.2 598,558 +33.2 6. NIKI 2.9 547,511 -70.3 7. Turki
Slide 21: Traffic development at Vienna Airport in October 2017
Traffic development at Vienna Airport in October 2017 Oct./2017 Oct./2016 ∆ in % Passengers (millions) 2.19 2.17 +0.9 Local passengers (millions) 1.56 1.54 +2.1 Transfer passengers (millions) 0.60 0.61 -2.2 Flight movements (in 1,000) 20.29 20.35 -0.3 MTOW (millions of tonnes) 783.85 784.06 -0.0 Sea
Slide 22: New flight offerings and discontinued flight service in 2017
New flight offerings and discontinued flight service in 2017 ✈ Austrian Airlines ✈ Eurowings New: Los Angeles, Mahé (Seychelles), New: Agadir, Birmingham, Brindisi, Burgas, Gothenburg, Shiraz Dortmund, Ibiza, Kalamata, Kavala, Frequency increases: Berlin, Düsseldorf, Lamezia Terme, Madrid, Mytilene,
Slide 23: Traffic forecast for 2017
Traffic forecast for 2017: Flughafen Wien Group: 2016 Forecast 2017 Passengers 28.9 million > 5% Flughafen Wien AG: 2016 Forecast 2017 Passengers 23.4 million > 4% ✈ Recovery of flight traffic to Eastern Europe ✈ airberlin bankruptcy and far-reaching capacity reductions at NIKI – expected overco
Slide 24: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 24