Slide 1: Flughafen Wien Group: Successful Results in 2017
FLUGHAFEN WIEN GROUP: SUCCESSFUL RESULTS IN 2017 Increase in revenue and earnings despite airberlin insolvency Substantial upward revisions of earnings guidance for 2018
Slide 2: 2017: Revenue and earnings increase despite insolvency of airberlin Group
2017: Revenue and earnings increase despite insolvency of airberlin Group ✈ Good business development once again in 2017: higher revenue (+1.6%) and net profit for the period1 (+12.7%) – in spite of turbulences on the airline market ✈ Resolute continuation of the productivity strategy: EBITDA margin
Slide 3: Ongoing increase in the profit for the period since 2011
Ongoing increase in the profit for the period since 2011 – rise also expected in 2018 160 140 120 100 in € million 80 >140 60 127 112 113 92 40 79 81 20 38 0 2011 2012 2013 2014 2015 2016 2017 2018 Profit for the period before non-controlling interests: figures adjusted for the years 2011-2015 3 All
Slide 4: Good net earnings despite pressure from market consolidation
Good net earnings despite pressure from market consolidation Dividend proposal of € 0.680/share (+8.8%) in € million 2017 2016 ∆ in % Revenue 753.2 741.6 +1.6 Earnings before interest, tax, depreciation and amortization (EBITDA) 326.5 329.8 -1.0 Earnings before interest and taxes (EBIT) 191.8 172.0
Slide 5: Expenses: Cost level above 2016 mainly due to personnel expenses
Expenses: Cost level above 2016 mainly due to personnel expenses ✈ Expenses for consumables and services used ∆ in in € million 2017 2016 up € 2.4 million year-on-year, mainly due % to higher costs for fuel and maintenance Consumables and -38.3 -35.9 +6.8 materials (€ 2.3 million) despite savings se
Slide 6: Positive development of dividends since 2011: +172%
Positive development of dividends since 2011: +172% Dividends (€/share) 0,750 +172% 0,500 0.680 0.625 0,250 0.500 0.413 0.325 0.250 0.263 0,000 2011 2012 2013 2014 2015 2016 2017 ✈ Management Board proposes dividend increase to € 0.680/share to the Annual General Meeting (+8.8% from € 0.625 in 2016)
Slide 7: Substantial reduction in net debt by € 128.5 million
Substantial reduction in net debt by € 128.5 million 2017 2016 ∆ in % Net debt (€ million) 227.0 355.5 -36.1 Gearing (%) 18.7 31.1 -12.4%p Cash flow from operating activities 277.9 255.1 +8.9 (€ million) Free cash flow (€ million) 121.0 201.4 -39.9 CAPEX (€ million)1 103.6 92.0 +12.6 Equity (€ milli
Slide 8: Improved maturity structure – Net debt reduced to € 227.0 million
Improved maturity structure – Net debt reduced to € 227.0 million Maturity structure (as at Dec. 31, 2017; in € million) 500 400 300 200 100 0 2018 2019 2020 2021 2022 Financial liabilities thereof due in the current year All financial indicators for the year 2017 refer to the preliminary annual res
Slide 9: Free cash flow shows strong financial standing
Free cash flow shows strong financial standing ✈ Reduction in the free cash flow mainly related in € million 2017 2016 ∆ in % to decline in cash inflows from investing activities Cash flow from operating 277.9 255.1 +8.9 activities Cash flow from investing ✈ Cash flow from operating activities highe
Slide 10: Share price rise since January 2012: +370%
Share price rise since January 2012: +370% Market capitalisation of about € 2.9 billion 450 400 +370% 350 300 Indexed 250 200 +195% 150 100 +80% 50 0 -50 FWAG ATX Benchmark (FRA, ADP, ZRH) average Share price development from January 1, 2012 to February 23, 2018 10
Slide 11: Share-related indicators
Share-related indicators 2017 Share price on Dec. 31, 2017 (in €) 33.65 Market capitalisation on Dec. 31, 2017 (in € million) 2,827 Earnings per share (in €) 1.37 Market capitalisation/EBITDA multiple 8.66 EV/EBITDA multiple1 9.35 Price/earnings ratio 24.63 Price/cash flow ratio 10.17 Price/book val
Slide 12: Vienna Airport continues to grow
Vienna Airport continues to grow Higher investments, new companies begin operations, attractive office offering, new services ✈ Office Park 4: 25,000 m² of new office space and € 60 million in investments ¾ Ground-breaking ceremony April 2018 – completion at the beginning of 2020 ¾ New: connecting b
Slide 13: Improved outlook for 2018 – Significant rise in earnings and investments expected
Improved outlook for 2018 – Significant rise in earnings and investments expected Outlook 2018 Revenue ¨ > € 760 million EBITDA ¨ > € 340 million Group profit for the period ¨ > € 140 million Net debt ¨ < € 250 million CAPEX ¨ > € 175 million 13
Slide 14: Segment Results 2017
14 = AN Vienna VI International Airport
Slide 15: 2017 was a record year for the Flughafen Wien Group
2017 was a record year for the Flughafen Wien Group – 2018 will also be a good year ✈ Passenger record: more than 30.9 million passengers (+6.9%) in the Flughafen Wien Group ¾ 24.4 million passengers (+4.5%) at Vienna Airport ¾ Strong passenger growth in Malta (+17.5%) and Kosice (+13.8%) ✈ Lufthans
Slide 16: Airport: Passenger record despite insolvency of airberlin Group
Airport: Passenger record despite incolvency of airberlin Group ✈ Passenger record of 24.4 million ∆ in in € million 2017 2016 passengers at Vienna Airport (+4.5%) % External revenue 368.2 370.8 -0.7 ✈ Insolvency of the airberlin Group could EBITDA 170.7 172.2 -0.9 be compensated by the growth drive
Slide 17: Handling & Security Services: revenue rise from bigger aircraft, new customers and more cargo
Handling & Security Services: revenue rise from bigger aircraft, new customers and more cargo ✈ Higher income due to deployment of in € million 2017 2016 ∆ in larger aircraft, new customers, more % cargo as well as the cold winter External revenue 160.7 158.4 +1.4 (de-icing income) EBITDA 15.0 21.4
Slide 18: Retail & Properties: Strong growth from gastronomy, recovery of shopping income
Retail & Properties: Strong growth from gastronomy, recovery of shopping income ✈ Slight improvement in revenue per ∆ in passenger (recovery from more affluent in € million 2017 2016 % passenger groups): PRR at € 2.01 External revenue 126.2 123.9 +1.8 (2016: € 1.98) EBITDA 73.3 69.5 +5.4 ✈ Strong ri
Slide 19: New shopping and F&B experience for passengers at Vienna Airport
New shopping and F&B experience for passengers at Vienna Airport ✈ 10 new retail stores and food & beverage outlets in 2017 – focus on local and international brands ¾ Jamie‘s Deli, Jamie‘s Italian, Leberkäs Pepi, Brezelkönig, dean&david, Beer&Snacks, Brezel Meister ¾ Capi, Convenience Partner ✈ Jam
Slide 20: Malta: Higher earnings thanks to strong passenger growth
Malta: Higher earnings thanks to strong passenger growth ✈ New record in 2017: 17.5% in € million 2017 2016 ∆ in passenger growth to more than six % million travellers Externe revenue 82.4 73.1 +12.7 EBITDA 49.8 38.9 +27.9 ✈ Considerable revenue increase EBIT 40.6 30.3 +34.0 reflects traffic develop
Slide 21: Results of strategic investments in 2017
Results of strategic investments in 2017 Malta Int. Airport Kosice Airport1 ✈ About 6.0 million passengers ✈ About 0.5 million passengers (+17.5%) (+13.8%) ✈ Revenue: € 82.4 million ✈ Revenue: € 11.4 million ✈ EBITDA: € 48.6 million ✈ EBITDA: € 3.1 million ✈ EBITDA margin: 59.0% ✈ EBITDA margin: 27.
Slide 22: Highlights in 2018
Highlights in 2018 ✈ Eurowings ✈ 11 new destinations New: Catania, Calvi, Chania, Heraklion, Corfu, Kos, Larnaka, Tenerife, Rhodes ✈ thereof 2 new long-haul destinations ✈ Wizz Air ✈ thereof 5 new CEE dest. (total 44) New: Bari, Bergen, Billund, Cluj, Dortmund, Danzig, Kutaissi, Larnaka, ✈ Austrian
Slide 23: Improved traffic forecast for 2018
Improved traffic forecast for 2018 Flughafen Wien Group: 2017 Forecast 2018 Passengers 30.9 million ¨ ˃ +7% Vienna Airport: 2017 Forecast 2018 Passengers 24.4 million ¨ ˃ +5% ✈ Share of low cost carriers continues to increase: Growth of easyJet, +300,000 passengers planned by Wizz Air ✈ Share of Luf
Slide 24: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 24