Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q3 2008 Earnings Presentation
32 slides from Flughafen Wien's earnings presentation, December 2008
Slide 1: Company Presentation Flughafen Wien Group
Company Presentation Flughafen Wien Group 22. August 2006 Mag. Herbert Kaufmann Vorstandssprecher Flughafen g Wien AG December 2008
Slide 2: Contents
Contents z 1. Facts and Activities z 2. Financial Results for 1-9/2008 z 3. Traffic 1-9/2008 z 4. Core Expertise and Strategy z 5. International Investments
Slide 3: Facts & Activities
Facts & Activities z Vienna Airport plc z ~20 mill passengers expected in 2008 ¾ Privatised in 1992 ¾ Ownership structure since 2001: z Share of transfer traffic Public authorities: 40% 1-9/2008: 30.2% employees trust: 10% z Excellent location as gateway free float: 50% to East European countries z
Slide 4: Highlights for 1-9/2008
Highlights for 1-9/2008 Revenue 1-9/2008: EUR 418.0 mill. + 10.6% EBITDA 1-9/2008: 1 9/2008: EUR 164 164.2 2 mill mill. + 7 9% 7.9% EBIT 1-9/2008: EUR 112.8 mill. + 11.0% Net profit 1-9/2008: EUR 84.7 mill. + 13.7% after minority interest P Passenger development: d l t + 9 0% 9.0% (above European av
Slide 5: Results for 1-9/2008
Results for 1-9/2008 Change in EUR mill. 1-9/2008 1-9/2007 in % Revenue 418.0 377.9 + 10.6 Other operating income 7.6 11.6 - 34.5 Operating income 425.6 389.5 + 9.3 Operating expenses (excl. (excl depr depr./amort.) /amort ) - 261.4 261 4 - 237.3 237 3 + 10 1 10.1 EBITDA 164.2 152.1 + 7.9 Depreciati
Slide 6: Results for 1-9/2008: Revenue structure
Results for 1-9/2008 Revenue structure Handling Non - Aviation EUR 116.8 116 8 mill. mill EUR 108.6 108 6 mill. ill + 7.2% + 12.6% Airport Revenue structure EUR 192.1 192 1 mill. mill excl. Handling + 11.4%
Slide 7: Results for 1-9/2008: Segment reporting
Results for 1-9/2008 Segment reporting Change g in EUR mill. mill 1 9/2008 1-9/2008 1 9/2007 1-9/2007 in % Airport Ext. segment g revenue 192.1 172.4 + 11.4 Segment earnings (EBIT) 83.4 71.3 + 17.0 EBIT margin in % 39.0 36.8 n.a. Handling Ext. segment revenue 116.8 108.9 + 7.2 Segment g earnings g 1
Slide 8: Results for 1-9/2008: Key data
Results for 1-9/2008 Key data in % 1-9/2008 1-9/2007 EBIT margin 27.0 26.9 EBITDA margin 39.3 40.3 Gearing* 58.0 38.4 * European Investment Bank credit: € 400 mill., term 25 years, fixed interest rate
Slide 9: Traffic 1-9/2008
Traffic 1-9/2008 Passengers: 15,307,955 (+ 9.0%) Transfer passengers: 4,616,752 (+ 0.6%) Movements: 203,656 (+ 7.6%) MTOW ( in tonnesn): 5,960,604 (+ 9.3%) Cargo incl. trucking (in tonnes): 201,334 ((+ 1.4%))
Slide 10: Traffic 1-9/2008: Traffic drivers
Traffic 1-9/2008 Traffic drivers 1-9/2008 Passenger development at VIE + 9.0% 9 0% Traffic to Middle East + 5.8% Traffic to Eastern Europe + 16.2% P Passengers handled h dl d bby llow-costt carriers i + 44.9% 44 9% Low-cost carriers as a % of total passengers 23.2%
Slide 11: Traffic 1-10/2008
Traffic 1-10/2008 October 1-9/2008 1-10/2008 Forecast 2008 2008 Passengers 15,307,955 1,689,693 16,997,648 Change in % +9.0 - 2.1 + 7.8 + 6.0 MTOW (in tonnes) 5 960 604 5,960,604 670 929 670,929 6 631 533 6,631,533 Change in % + 9.3 + 2.5 + 8.6 + 6.0 Flight movements 203 656 203,656 22 858 22,858 22
Slide 12: Core Expertise and Strategy
Core Expertise and Strategy 1. Location 2 Quality 2. 3. Tariffs and Incentives 4. Capacity 5. Non Aviation 6. Capex
Slide 13: 1. Location
1. Location Catchment area 14 million people within a radius of 300 km Warsaw Prague Vienna Bratislava Budapest 300 km Ljubljana Zagreb B l d Belgrade 500km Sarajevo Skopje Tirana
Slide 14: 1. Location: Ideal transfer airport in the heart of Europe
1. Location Ideal transfer airport in the heart of Europe Save travelling time via VIE vs. MUC for flights to and from Eastern Europe and the Far East and Middle East (i.e. (i e VIE- VIE Beijing) chedule frrom VNO `00:35h 00:35h DME `02:25h MSQ `14:35h WAW `02:50h e flight sc ufthansa KBP `00:10h RO
Slide 15: 1. Location: Eastern Europe destinations and frequencies
1. Location Eastern Europe – destinations and frequencies 22 – destinations + destinations + density of frequencies + density of frequencies 20 CDG MUC 18 16 HEL FRA 14 LHR VIE encies nburg PRG AMS Density of freque 008,excl. Ekaterin 12 CPH BUD average BRU FCO 10 ZRH MXP BTS 8 TXL LGW Source: OAG S
Slide 16: 2. Quality
2. Quality Record minimum connecting time of 25 minutes Airport MCT Airport MCT Munich 35 min Amsterdam 50 min Zurich 40 min Brussels 50 min Copenhagen 45 min Paris 90 min Frankfurt 45 min London 90 min Source: OAG Flight Guide
Slide 17: 2. Quality: Reliability & Punctuality
2. Quality Reliability & Punctuality On time performance: VIE takes top position (Source: Lufthansa) Ranking Apr.07 May 07 Jun.07 Jul.07 Aug.07 Sep.07 Oct 07 Nov.07 Dec 07 Jan 08 Feb.08 Mar 08 Apr.08 Punctuality* 1 VIE VIE VIE VIE VIE AMS AMS ZRH VIE MUC VIE VIE VIE 88,2% 2 MUC AMS AMS MUC AMS VIE V
Slide 18: 2. Quality
2. Quality Minimum connecting time Handling – Flughafen Wien AG 25 minutes High punctuality Security – VIAS 100% subsidiary
Slide 19: 3. Tariffs and Incentives
3. Tariffs and Incentives z Passengers and landing tariffs are based on a fixed formula which will expire in December 2009 z In addition to these tariffs Vienna International Airport introduced an attractive incentive scheme to promote transfer traffic and to support the connection and hub function
Slide 20: 3. Tariffs and Incentives
3. Tariffs and Incentives ng incentives All airrlines, all charges, includin Source: VIE; dated as at Feb 2008
Slide 21: 4. Capacity: Terminal expansion - SKYLINK
4. Capacity State-of-the-art Infrastructure and capacity Terminal expansion - SKYLINK Pier length: 450 m Gross floor space 150,000 m² m Thereof terminal 76,000 m² Thereof p pier 71,000 , m² Check-in area 4,400 m² Baggage claim 6,600 m² Shops 5,800 m² Gastronomy 3,000 m² Pier gates 17
Slide 22: 4. Capacity: Three Level Concept Skylink
4. Capacity State-of-the-art Infrastructure and capacity Three Level Concept Skylink Level 3: Non Schengen Departures - Pier Level 2: Arrivals - Pier Level 1: Check-In / Schengen Departures - Pier Level 0: Arrivals - Apron Minimum connecting time of 25 minutes through „one – roof concept“
Slide 23: 4. Capacity: Skylink
4. Capacity State-of-the-art Infrastructure and capacity Skylink ¾ Opening in stages beginning in October 2009 ¾Full operation – beginning 2010 ¾Total cost of the project EUR 657 million (incl. reserves)
Slide 24: 4. Capacity: 3rd Runway
4. Capacity State-of-the-art infrastructure and capacity 3rd Runway Name: 11R/29L Length: g 3.680 meters Width: 60 meters Taxiway: ~ 27,5 km 2.400m Category: CAT III Construction Approx. 3 years Time: Investments: EUR 600 mill Approval expected in 2009
Slide 25: 5. Non Aviation
5. Non Aviation First-rate service, convenience & comfort Shops and gastronomy in the Skylink ¾ Completion of tender to allocate the 33 shops and 19 gastronomy facilities ¾ Optimisation p of retail and g gastronomy y concept p ¾ Minimum rental income of EUR 23.0 mill. for full year ¾ Expected revenu
Slide 26: 5. Non Aviation: Terminal extension - Skylink
5. Non Aviation First-rate service, convenience & comfort T Terminal i l extension t i - Skylink: Sk li k Substantial increase in gastronomy and retail space after opening Existing Reduction in Additional Additional Space Space from space in space from space space in T2 2009 2010 onwards 2007 2009 o
Slide 27: 6. Capex: Investments 2009 – 2013
6. Capex Investments 2009 – 2013 (incl. maintenance investments) In EUR mill. T Terminals i l 309 Construction on the core zone 36 Security 58 Replacement investments 62 Others 57 Total projects that cannot be postponed 522 Apron, taxiways 25 Commercial projects (e.g. refurbishment Office Park 3) 99
Slide 28: 6. Capex: Investments 2009 – 2013
6. Capex Investments 2009 – 2013* (incl. purchase of land and maintenance investments) in EUR mill. mill 443 cannot be postponed can be postponed land 100 90 147 93 42 39 * excl. 3rd runway
Slide 29: International Investments: Kosice Airport
International Investments Kosice Airport Second largest airport in Slovakia Location near borders of: Poland - Ukraine - Hungary - Slovakia October 2006: Consortium TwoOne acquires a stake of 66% Second quarter 2008: acquisition of 33.2% of the investment owned by minority shareholders 486,351 passe
Slide 30: International Investments: Malta Airport
International Investments Malta Airport Owners – Government of Malta: 20.0% – Private P i t investors: i t 29 9% 29.9% – VIE through 100% subsidiary 10.1% – MMLC (thereof VIE: 57.1%) 57 1%) 40 0% 40.0% 2,504,600 passengers in 1-9/2008 (+ 7.8%)
Slide 31: International Investments: Friedrichshafen Airport
International Investments Friedrichshafen Airport Located near borders of: Germany - Austria - Switzerland Flughafen Wien AG is the largest single shareholder with a stake of 25 25.15% 15% 519 921 passengers in 1-9/2008 519,921 1 9/2008 (0 (0.0%) 0%)
Slide 32: Company Presentation Flughafen Wien Group
Company Presentation Flughafen Wien Group 22. August 2006 Mag. Herbert Kaufmann Vorstandssprecher Flughafen g Wien AG December 2008