Slide 1: Results for the First Nine Months of 2007
Results for the First Nine Months of 2007 Flughafen Wien Group 22. August 2006 Mag. Herbert Kaufmann Vorstandssprecher Flughafen Wien AG December 2007
Slide 2: Facts & Activities
Facts & Activities 16.9 m passengers in 2006 Excellent location as gateway to East European countries Share of transfer traffic in 2006: 33.7% Full-service airport provider Vienna Airport plc (incl. ground handling) ●Privatised in 1992 Working environment: ●Ownership structure since 2001: ● Approx.
Slide 3: Highlights for the First Nine Months of 2007
Highlights for the First Nine Months of 2007 Revenue 1-9/2007: EUR 377.9 million + 8.9% EBITDA 1-9/2007: EUR 152.1 million + 13.0% EBIT 1-9/2007: EUR 101.6 million + 15.8% Net profit 1-9/2007: EUR 74.5 million + 13.0% after minority interest Passenger development: + 9.4% (above European average of 5
Slide 4: Results for 1-9/2007
Results for 1-9/2007 Change in EUR mill. 1-9/2007 1-9/2006 in % Revenue 377.9 347.0 + 8.9 Other operating income 11.6 8.6 + 34.4 Operating income 389.5 355.6 + 9.5 Operating expenses (excl. depr./amort.) -237.4 -221.0 + 6.9 EBITDA 152.1 134.6 + 13.0 Depreciation and amortisation -50.5 -46.8 + 7.9 EB
Slide 5: Results for 1-9/2007: Revenue structure
Results for 1-9/2007 Revenue structure Non - Aviation Handling EUR 96.5 mill. EUR 108.9 mill. + 16.2% + 2.7% 25,6% 28,8% Revenue structure excl. Handling 45,6% Airport 35.9% 64.1% EUR 172.4 mill. + 9.3%
Slide 6: Results for 1-9/2007: Overview of operating expenses
Results for 1-9/2007 Overview of operating expenses Change in EUR mill. 1-9/2007 1-9/2006 in % Consumables and services 24.9 25,8 - 3.7 Personnel expenses 155.3 145,9 + 6.4 Depreciation and amortisation 50.5 46.8 + 7.9 Other operating expenses 57.2 49.3 + 16.0 Total operating expenses 287.9 267.9 +
Slide 7: Results for 1-9/2007: Key data
Results for 1-9/2007 Key data 1-9/2007 1-9/2006 in % EBIT margin 26.1 24.7 EBITDA margin 39.1 37.8 WACC 6.4 5.3 Gearing* 37.4 27.7 * European Investment Bank credit: € 400 mill., term 25 years, fixed interest rate
Slide 8: Results for 1-9/2007: Segment reporting
Results for 1-9/2007 Segment reporting Change in EUR mill. 1-9/2007 1-9/2006 in % Airport Ext. segment revenue 172.4 157.8 + 9.3 Segment earnings (EBIT) 71.3 61.7 + 15.5 EBITDA margin in % 50.8 49.0 n.a. Handling Ext. segment revenue 108.9 106.1 +2.7 Segment earnings 10.2 13.4 -23.9 EBITDA margin in
Slide 9: Traffic 1-9/2007
Traffic 1-9/2007 Passengers: 14,043,370 (+ 9.4 %) Transfer passengers: 4,589,716 (+ 6.1 %) Movements: 189,243 (+ 5.6 %) MTOW ( in tonnes): 5,451,135 (+ 6.6 %) Cargo incl. trucking (in tonnes): 198,469 (+ 1.5 %)
Slide 10: Traffic 1-9/2007: Highlights for the first nine months
Traffic 1-9/2007 Highlights for the first nine months of 2007 Growth in traffic at VIE +9.4% Traffic to Middle East +16.9% Traffic to Eastern Europe + 22.1% Passengers handled by low-cost carriers +47.0% Low-cost carriers as a % of total passengers 17.4% New airlines
Slide 11: Traffic 1-9/2007: Comparison of Eastern Europe
Traffic 1-9/2007 Comparison of Eastern Europe
Slide 12: Traffic 1-9/2007: Airlines – share of passengers
Traffic 1-9/2007 Airlines – share of passengers % 1-9/2007 1-9/2006 AUA-Group 53.8 57.3 Air Berlin 6.5 6.2 Niki 5.6 4.3 Lufthansa 5.2 5.5 Sky Europe 2.4 0.0 Germanwings 2.3 2.1 British Airways 1.9 2.1 Swiss Intl. 1.7 1.7 Air France 1.7 1.8 KLM 1.3 1.3 others 17.6 17.7
Slide 13: Traffic 1-11/2007
Traffic 1-11/2007 October November Forecast 1-9/2007 1-11/2007 2007 2007 2007 Passengers 14,043,370 1,725,344 1,536,801 17,305,515 Change in % + 9.4 +14.1 +21.8 +10.9 8% MTOW (in tonnes) 5,451,062 654,663 632,692 6,738,417 Change in % + 6.6 +10.6 +17.5 +7.9 5% Flight movements 189,242 22,779 21,915
Slide 14: Long-Term Forecast
Long-Term Forecast Number of passengers at Vienna International Airport 2000 - 2015 28 27.5 Average growth rate 2008-2015: ~ 5.3 26.1 26 24.8 24 23.6 22.4 21.3 PAX in mill. 22 20.2 19.2 20 18.2 16.9 18 15.9 14.8 Forecast 2007: + 8.0% 16 14 12.8 11.9 11.9 12.0 2006: + 6.3% 12 10 00 01 02 03 04 05 06
Slide 15: Strategy: Airport Segment
Strategy Airport Segment ¾ Goal: growth of 1% above European average • Focus on Eastern Europe, transfer hub and low-cost carriers • Tariffs and incentives • Capacity measures Handling Segment ¾ Goal: safeguard market share and quality standards Non-Aviation Segment ¾ Goal: significant increase in s
Slide 16: Strategy: Airport Segment
Strategy Airport Segment z Focus on Eastern Europe, transfer hub and low-cost carriers ¾ Key gateway to Eastern Europe (+22.1% in passenger volume during first nine months of 2007) ¾Transfershare at high level (32.7%) ¾ Low-cost carriers: + 47.1% in number of passengers z Marketing activities ¾ Incr
Slide 17: Tariffs in Comparison
Tariffs in Comparison* *Flights to all regions - all airlines - excl. security Continuation of incentive programme 1 M AD 63% 2 CPH 70% Durchschnitt 3 GVA 71% 4 ZRH 74% 5 KLU 77% 6 BRU 78% 7 M LA 83% 8 PRG 83% 9 M XP 85% 10 VIE 95% 11 BUD 95% 12 WAW 97% 13 TXL 98% 14 STR 99% - Average 100% 15 SZG 10
Slide 18: Strategy: Airport Segment – Skylink terminal expansion
Strategy Airport Segment z Capacity measures z “SKYLINK” terminal expansion ¾Terminal area 76,000 m² ¾ Check-in counters 96 ¾ Aircraft parking positions: 17 ¾Gates: 51 ¾ Maintain minimum connecting time of 25 minutes ¾ Parallel runway to ensure sufficient capacity over the long-term ¾Start of enviro
Slide 19: Strategy: Handling Segment
Strategy Handling Segment z Hold key customers over the mid-term ¾ Korean up to 12/2010 ¾ Austrian up to 12/2009 ¾ Eva Air up to 2/2009 ¾ China Airlines up to 12/2009 ¾ Qatar up to 12/2009 z Market share for first nine months 2007: 88.9%
Slide 20: Strategy: Non-Aviation Segment
Strategy Non - Aviation Segment z Skylink Terminal: ¾ Substantial increase in gastronomy and shop space beginning in 2009 ¾ Start of tender process for 52 retail shops Reduction Additional Space Total space . in space space in in 2006 as of 2009 as of 2009 Skylink Shopping / Gastronomy 11,200 m2 3,5
Slide 21: Strategy: Non-Aviation Segment
Strategy Non - Aviation Segment z Parking: ¾ Current status: 15,400 parking spaces – thereof 8,000 in car parks ¾ Plus 5,000 spaces in Mazur parking lot (off airport) ¾ Expansion: 2,200 parking spaces in car park 4 (beginning in mid-2008) z Vienna International Airport Security Services GesmbH ¾ Inc
Slide 22: International Projects: Kosice Airport
International Projects Kosice Airport Second largest airport in Slovakia 66% stake held by TwoOne Consortium since 25 October 2006 Location near borders of: Poland – Ukraine – Hungary - Slovakia 343,818 passengers in 2006 327,426 passengers 1-9/2007 (+ 19.6%) Investment programme: ~EUR 11 mill.
Slide 23: Investment Project: Malta
Investment Project: Malta Results 1-6/2007 Owners Revenue: EUR 18.7 mill. (+9.2%) – Government of Malta: 20.0% EBIT: EUR 5.2 mill. (+25.7%) – Private investors: 29.9% Profit : EUR 2.7 mill. (+ 32.1%) – VIE through 100% subsidiary 10.1% – MMLC (thereof VIE: 57%) 40.0% Passengers 2006 ¾ 2,701,624 z Pa
Slide 24: Friedrichshafen Airport
Friedrichshafen Airport Flughafen Wien AG is the largest single shareholder with stake of 25.15% Located near borders of: Germany – Austria – Switzerland 650,000 passengers in 2006 520,156 passengers 1-9/2007 (+ 1.4%) Acquisition price: EUR 7.7 mill.
Slide 25: Results for the First Nine Months of 2007
Results for the First Nine Months of 2007 Flughafen Wien Group 22. August 2006 Mag. Herbert Kaufmann Vorstandssprecher Flughafen Wien AG December 2007