Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q1 2026 Earnings Presentation
23 slides from Flughafen Wien's earnings presentation, May 21, 2026
Slide 1: Flughafen Wien – Q1/2026
Flughafen Wien – Q1/2026 21 May 2026
Slide 2: Moderate revenue and earnings increase in Q1/2026
Moderate revenue and earnings increase in Q1/2026 Passenger and financial guidance for 2026 remains unchanged Earnings growth driven by robust traffic development, non-recurring effects and efficiency improvements Revenue +6.1% to € 239.6 million − Positive traffic development (Group passengers +5.3
Slide 3: Good aviation and non-aviation development in Q1/2026
Good aviation and non-aviation development in Q1/2026 EBITDA +8.2%, net profit for the period +5.3% € million Q1/2026 Q1/2025 Δ Revenue 239.6 225.9 6.1% Earnings before interest, tax, depreciation and amortisation (EBITDA) 87.9 81.3 8.2% Earnings before interest and taxes (EBIT) 54.4 48.7 11.6% Fina
Slide 4: Expenses: Slight margin improvement
Expenses: Slight margin improvement Effective implementation of cost reduction and efficiency enhancement measures € million Q1/2026 Q1/2025 Δ Consumables and services used -16.7 -16.4 1.9% Personnel expenses -101.9 -96.2 5.9% Other operating expenses1 -36.0 -34.9 2.9% Depreciation and amortisation
Slide 5: Cash flow: income tax payments, reduction in liabilities
Cash flow: income tax payments, reduction in liabilities Higher Capex due to terminal expansion and construction start of Office Park 4 NEXT € million Q1/2026 Q1/2025 Δ Cash flow from operating activities 68.7 95.2 -27.8% Free cash flow 3.8 6.4 -41.2% Capex 85.8 66.6 28.7% Net liquidity1 407.1 413.8
Slide 6: Growth projects in the coming years
Growth projects in the coming years Flughafen Wien Group is investing in quality and capacity expansion Vienna Airport – New terminal, office and logistics infrastructure Terminal development Apron and runway system → Terminal 3 Southern Expansion → New de-icing areas → Terminal 3 remodelling → Expa
Slide 7: Terminal 3 Southern Expansion proceeding on schedule
Terminal 3 Southern Expansion proceeding on schedule High demand for rented floor space in the AirportCity Terminal 3 Southern Expansion: On schedule (opening in Q2/2027) and on budget (€ 420 million) − Fit out of hospitality, retail and lounge space, handover to operators − Completion of constructi
Slide 8: Financial guidance for 2026
Financial guidance for 2026 Unchanged financial outlook on the basis of current assessments Revenue approx. € 1,050 million EBITDA approx. € 415 million Group net profit b.m. approx. € 210 million Group net profit a.m. approx. € 185 milion CAPEX approx. € 330 million 8
Slide 9: Traffic & segment results
Traffic & segment results bat | E vers Airport
Slide 10: Traffic development of the Flughafen Wien Group
Traffic development of the Flughafen Wien Group Robust traffic development in Q1/2026, passenger decline in April (-2.1%) Flughafen Wien Group1 Q1/2026 Q1/2025 Δ Q1/2025 4/2026 Δ 4/2025 1-4/2026 Δ 1-4/2025 passenger development Vienna Airport (millions) 6.1 6.0 1.6% 2.6 -8.2% 8.7 -1.5% Malta Airport
Slide 11: Vienna Airport: Slight passenger growth in Q1/2026
Vienna Airport: Slight passenger growth in Q1/2026 Higher Austrian Airlines seat load factor cushions impact of low-cost carrier reductions Vienna Airport1 Q1/2026 Q1/2025 Δ Q1/2025 4/2026 Δ 4/2025 1-4/2026 Δ 1-4/2025 passenger development Passengers (millions) 6.1 6.0 1.6% 2.6 -8.2% 8.7 -1.5% Local
Slide 12: Regional passenger development in Q1/2026
Regional passenger development in Q1/2026 Europe Focus on intra-European routes +1.3% − Accounts for 83% of departing thereof 83.4% passengers from Vienna Airport Western Europe thereof Growth e.g., to Frankfurt, Eastern Europe − Middle East had a 5.7% share in +2.6% -4.4% Decline e.g., to Yerevan,
Slide 13: Effects of the Middle East conflict
Effects of the Middle East conflict Aviation at the centre of geopolitical tensions − Perceptible impacts on global aviation due to airspace closures, interruptions of flight operations, more complex routes, negative effects on demand and rising kerosene prices − The 2026 summer flight schedule incl
Slide 14: Airline highlights of the summer flight schedule 2026
Airline highlights of the summer flight schedule 2026 New airlines, destinations & frequency increases cushion the effects of LCC reductions Wizz Air and Ryanair have reduced capacities, China Eastern the home carrier Austrian Airlines is expanding, → New: 3 frequencies/week to Xi’an since 20 April
Slide 15: Traffic forecast for 2026
Traffic forecast for 2026 Flughafen Wien AG Guidance 2026 2025 Passengers approx. 30 million 32.6 million Flughafen Wien Group Guidance 2026 2025 Passengers approx. 41.5 million 43.4 million − Slight passenger decline at Vienna Airport in the period January-April (-1.5% to 8.7 million); a decrease i
Slide 16: Awards for Vienna Airport
Awards for Vienna Airport High service quality and first-class passenger experience ASQ Award: “Best Airports at Departures 25-40 mill. PAX” Priority Pass: “Lounge of the Year” − The ASQ Award ranks among the most important − VIENNA Lounge named the Best Airport Lounge in international benchmarks fo
Slide 17: Airport
Airport Tariff reductions and higher expenses led to Q1/2026 earnings decline − Termination of winter incentives temporarily introduced in € million Q1/2026 Q1/2025 Δ Q1/2025 partially compensated for the reduction in External revenue 101.6 100.0 1.6% passenger fees (-4.6% since the beginning of the
Slide 18: Handling & Security Services
Handling & Security Services Significant rise in de-icing income resulted in a clearly positive EBIT in Q1/2026 − Substantially higher de-icing income and slight traffic € million Q1/2026 Q1/2025 Δ growth drove the 18.7% increase in ground handling External revenue 53.9 47.0 14.6% revenue (apron and
Slide 19: Retail & Properties
Retail & Properties Robust development of non-aviation services − Continuation of the very good development in Center € million Q1/2026 Q1/2025 Δ Management & Hospitality – Revenue increase of 7.2% to External revenue 46.3 44.5 4.1% € 22.9 million (especially hospitality, lounges, advertising), refl
Slide 20: Malta
Malta Strong Q1/2026, further capacity increases in the summer − Ongoing dynamic development of passenger volume € million Q1/2026 Q1/2025 Δ (+15.4% to 2.1 million passengers) resulted in a substantial External revenue 32.5 29.2 11.0% revenue and earnings increase EBITDA 19.8 16.9 17.0% − Clear impr
Slide 21: Financial calendar 2026
Financial calendar 2026 21 May: Q1/2026 3 June: Annual General Meeting 9 June: Ex-dividend Date 19 August: H1/2026 19 November: Q1-3/2026
Slide 22: Contact
CONTACT Bernd Maurer Head of Capital Markets +43-1-7007-23126 +43-664-8357723 b.maurer@viennaairport.com 22
Slide 23: Disclaimer
Disclaimer This presentation represents an assessment that we have made on the basis of all the information available to us at the current time. If the assumptions on which the presentation is based do not materialize or risks arise to an extent not calculated, the actual results may differ from our