Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q3 2010 Earnings Presentation
29 slides from Flughafen Wien's earnings presentation, November 2010
Slide 1: Flughafen Wien AG Company Presentation
Flughafen g Wien AG Company p y Presentation November 2010 -1-
Slide 2: At a glance
At a glance z Total revenue 1-9/2010: EUR 397.8 mill. (+6.3%) z EBITDA 1-9/2010: EUR 144.5 mill. ( (+9.0%) ) z EBIT 1-9/2010: EUR 95.2 mill. (+15.0%) z Net profit 1 1-9/2010: 9/2010 EUR 72 72.2 2 mill mill. (+18 8%) (+18.8%) after non-controlling interests z Passengers g 1-9/2010: 14.9 mill. ((+8.3%
Slide 3: Financial Results 1-9/2010
Financial Results 1-9/2010 1-9/2010 1-9/2009 Change EUR mill. in % R Revenues 397.8 397 8 374 4 374.4 + 63 6.3 Other income 11.3 10.6 + 6.7 Operating income 409.2 385.0 + 6.3 Operating expenses (excl. depreciation) -264.7 264.7 -252.4 252.4 + 4.9 EBITDA 144.5 132.6 + 9.0 Depreciation -49.3 -49.8 - 1
Slide 4: Financial Results 1-9/2010 – Revenue by Segment
Financial Results 1-9/2010 Revenue by Segment Handling Retail & Properties EUR 117.3 117 3 mill. mill 29.5% EUR 70.0 mill. - 8.5% 17.6% +6.1% 2.7% Other Segments Revenue structure without Handling EUR 10.8 mill. 50.1% - 8.6% 25 0% 25.0% 71.1% Airport EUR 199.3 mill. 3.9% +18 7% +18.7% -4-
Slide 5: Summary of Operating Expenses
Financial Results 1-9/2010 Summary of Operating Expenses in EUR mill. 1-9/2010 1-9/2009 Change i % in Consumables and services used 28.6 27.0 + 5.8 Personnel expenses 168 5 168.5 160 2 160.2 + 52 5.2 Depreciation 49.3 49.8 - 1.1 Other operating expenses 67 6 67.6 65 2 65.2 + 37 3.7 Total operating e
Slide 6: Financial Indicators
Financial Results 1-9/2010 Financial Indicators in % 1-9/2010 1-9/2009 EBITDA Margin 36.3 35.4 EBIT Margin 23.9 22 1 22.1 ROE 8.9 7.8 ROCE 4.8 4.6 Gearing 77.7 74.6 -6-
Slide 7: Segment Reporting
Financial Results 1-9/2010 Segment Reporting in EUR mill. 1-9/2010 1-9/2009 Airport External segment revenue 199.3 167.9 Segment EBIT 66.3 63.2 Handling External segment revenue 117.3 128.2 Segment EBIT 13.2 11.4 Retail & Properties External segment revenue 70.0 66 0 66.0 Segment EBIT 32.7 32.4 Othe
Slide 8: Traffic Results 1-9/2010 at a glance
Traffic Results 1-9/2010 at a glance z Passenger traffic 1-9/2010 +8.3% ((European p average g +4.1%*)) z Strong development in traffic to Middle East +12.0% z Passengers - Eastern Europe +12.8% z Passengers – Low Low-cost cost carriers +0 0.9% 9% z Share of total passengers - Low-cost carriers 21.8
Slide 9: Passenger development at European airports
Passenger development at european airports in % 11.3 12 10 **source: ACI Airports Council Internatio 7.3 8.3 8 6.3 6.5 4.9 5.3 5.2 from 6 m 09/2010 – 34 4 1* 4.1 4 2 3 biggest airports in Europe 0 -2 -0.7 VIE -4 4 onal – Europe -6 European average (selected airports) -5.9 -8 83 -8.3 e -10 2005 2006
Slide 10: Traffic Results 1-9/2010
Traffic Results 1-9/2010 Passengers: 14,870,628 (+8.3%) Transfer passengers: 4,555,962 (+9.7%) Flight movements: 185,523 (+0.9%) MTOW (in tonnes): 5,947,507 (+9.2%) Cargo incl. trucking in tonnes 217,259 (+23.3%) ( 23.3%) - 10 -
Slide 11: Traffic Results 1-9/2010 – Passengers by region
Traffic Results 1-9/2010 Passengers Europe total Scheduled and Charter Traffic +8.5% Western Europe 86.7% Eastern Europe North America +7.5% +12.8% -0.1% 0 1% 69.0% 17.7% 2.1% Middle East Far East +12 0% +12.0% +2 3% +2.3% 4.9% 3.7% Others +6.3% 2.6% Change vs. 1-9/2009 Share of total passengers - 1
Slide 12: Flight Plan Summer 2010
Flight Plan Summer 2010 New airlines: New destinations by airlines: • BMI • Kuwait ((Watanya) y ) • Alitalia • Novosibirsk via Moskau DME (S7) • Wataniya • Gagliari (Niki) • S7 • Barcelona (Niki) • EVA Air Cargo • Kopenhagen (Niki) • Nizza (Niki) • Olbia (Niki) • Hannover (Germanwings) • Larnaca (Bl
Slide 13: Flight Plan Summer 2010 – Additional frequencies
Flight Plan Summer 2010 Additional frequences: AUA Niki Brussels Airlines • Nizza •Paris • Brüssel • Bukarest Turkish Airlines B&H Airlines • Sofia • Istanbul • Sarajevo • Stuttgart Air Baltic • Berlin • Riga • Graz Sunexpress • Tokio • Antalya • Larnaca • Izmir • Istanbul - 13 -
Slide 14: Traffic Results January to October 2010
Traffic Results January to October 2010 October 1-9/2010 1-10/2010 Forecast 2010 Passengers g 14,870,628 , , 1,828,204 , , 16,698,823 , , Change in % +8.3 +11.4 +8.6 +9% MTOW ((t)) 5,947,507 , , 722,891 , 6,670,398 , , Change in % +9.2 +14.4 +9.7 +10% Flight g movements 185,523 , 21,789 , 207,312 ,
Slide 15: Long-Term Forecast 2010 - 2020
Long-Term Forecast 2010 - 2020 Passengers Forecast 2010-2020 30,6 Forecast in mill. Ø 2010-2020 5,2% *(CAGR P Passengers VIE 1970 1970-2008)/2 2008)/2 26 0 lower 26,0 l ttrendline* dli * extrapolated to 2020 24,6 Ø 2010-2020 3,6% 19,7 , 18,1 11,2 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '
Slide 16: Key advantages support the hub function
Vienna International Airport Key advantages support the hub function Key advantages 1. Location 2. Quality 3. Capacity 4. Development of non-aviation business 5 Tariffs and incentives 5. - 16 -
Slide 17: 1.1 Catchment area
1.1 Catchment area Approx. 14.3 million people live in the catchment area reache The hu Catchm ed in the shortest time ub airporrt that can ment areea: n be - 17 -
Slide 18: 1.2 Geographical location
1.2 Geographical location Time saved with flights to/from Vienna vs. Munich Airport from Austtrian and Lufthansa Source: Online O fligh L ht plan info ormation - 18 -
Slide 19: 1.3 Markets
1.3 Markets Destinations Austrian: 36 Destinations Lufthansa Lufthansa*:: 35 thereof Austrian only: 13 Lufthansa* only: 12 Lufthansa and Austrian: 23 * ex FRA, MUC LH & OS LH OS LH Fokus OS Fokus Source: OAG, week 46 / as of March 2010 - 19 -
Slide 20: 1.4 Positioning of the airport in Eastern Europe
1.4 Positioning of the airport in Eastern Europe High frequencies, maximum destinations Source. OAG es G, November 200 er of frequencie 09, incl.. Ekaterinb Numbe burg Number of destinations Highest number of East European destinations in comparison - 20 -
Slide 21: 2.1 VIE's top quality standards
2.1 VIE‘s top quality standards ¾ 25-minute minimum connecting time: Airport MCT Airport MCT Source: OAG Munich 30 - 35 min Amsterdam 50 min G Flight Guide Zurich 40 min Brussels 50 min Copenhagen 45 min London 45 - 75 min Frankfurt 45 min Paris 60 - 90 min ¾ Short routes & comfortable transfers for
Slide 22: 3.1 Capacity – Skylink
3.1. Capacity Skylink ¾ Gross floor space : ¾ Terminal: 76 000 m2 , Pier: 71 76,000 000 m2 71,000 ¾ Dimensions: ¾ Length of Pier: 450 m, Length of Terminal: 270 m ¾ Infrastructure: ¾ Check-in-counters: 64 ¾ Baggage carousels: 10 ¾ Pier positions : 17 ¾ Shopping areas: 5.900 m2 ¾ Gastronomy G 3 700 m
Slide 23: 3.2 Third runway
3.2 Third runway Name: 11R/29L Length: 3 680 meter 3,680 Width 60 meter Taxiways: ~ 27.5 km Category: CAT III 2 400m 2.400m Status: ¾ March 2007: initial fiiling for the enviromental impact assessment proceedings ¾ 14 citizens´initiatives were recognised as parties to these proceedings ¾ February 20
Slide 24: 4.1 Development of non-aviation business
4.1 Development of non-aviation business Terminal expansion Skylink: ¾ Substantial increase in gastronomy and shopping areas Decrease in Additional Available Additional Total space space space in T2 Total space space space with opening with opening and Pier 2009 Skylink Skylink Skylink West Shops /
Slide 25: 4.2 Development of non-aviation business – Parking
4.2 Development of non-aviation business Parking space at Vienna International Airport ¾ Parking spaces indoor: 10 10,763 763 ¾ Parking spaces outdoor: 12,752 - 25 -
Slide 26: 4.3 Development of non-aviation business – Real Estate
4.3 Development of non-aviation business Real Estate Enough free space to develop further real estate projects (e.g. office parks, multi storey carparks….) - 26 -
Slide 27: 5.1 Competitive tariffs and attractive incentives
5.1 Competitive tariffs and attractive incentives B Better than h the h European E average** * All airlines, all fees, excluding security, including incentives Source: VIE; April 2010 - 27 -
Slide 28: 5.2 Competitive tariffs and attractive incentives
5.2 Competitive tariffs and attractive incentives Change in tariff regulation as of 1.1.2010 ¾ Increase of tariffs by a net total of 0.5%. These adjustments includes: ¾ 13.0% decrease in landing tariff ¾ 7.3% (€ 1.03) increase in passenger tariff to € 15.62 per departing passenger ¾ accounting ti fo
Slide 29: Flughafen Wien AG Company Presentation
Flughafen g Wien AG Company p y Presentation November 2010 - 29 -