Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Shareholder Meeting (September 2020)
34 slides from Flughafen Wien's shareholder meeting presentation, Sep 4, 2020
Slide 1: Flughafen Wien Group 32nd Annual General Meeting
FLUGHAFEN WIEN GROUP 32nd Annual General Meeting 4 September 2020
Slide 2: 2019 was a strong year – Flughafen Wien Group performed successfully
2019 was a strong year – Flughafen Wien Group performed successfully Company operated successfully in 2019 – record results in all relevant parameters: increases in revenue (+7.2%) to € 857.6 million and net profit for the period1 (+15.7%) to € 175.7 million Far-reaching reduction in net debt to
Slide 3: Revenue increase and good net profit for the period in 2019
Flughafen Wien AG: Revenue increase and good net profit for the period in 2019 € million 2019 2018 Δ in % Revenue 857.6 799.7 +7.2 Earnings before interest, tax, depreciation and 384.8 350.4 +9.8 amortization (EBITDA) Earnings before interest and taxes (EBIT) 252.3 220.8 +14.3 Financial results -14.
Slide 4: Ongoing increase in the profit for the period over the last nine years
Ongoing increase in the profit for the period over the last nine years – Coronavirus unfortunately makes continuation of growth impossible 180 160 140 120 in € mill. 100 80 176 152 60 127 112 113 81 92 40 79 20 38 0 1 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Profit for the period bef. non-c
Slide 5: Dividends (€/share)
Continuous rise in dividends until 2018 – Suspension of dividend payment proposed for 2019 1 0,9 Dividends (€/share) 0,8 0,7 2011-2018 0,6 +256% 0,5 0.890 0,4 0.680 0,3 0.625 0.500 0,2 0.325 0.413 0.250 0.263 0,1 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 Management Board and Supervisory Board
Slide 6: Mountain of debt reduced: net debt only € 81 million at end of 2019
Mountain of debt reduced: net debt only € 81 million at the end of 2019 2019 20182 Δ in % Net debt (€ million) 81.4 198.2 -58.9 Gearing (%) 5.9 15.3 -9.4%p Cash flow from operating activities (€ million) 373.0 291.2 +28.1 Free cash flow (€ million) 196.9 92.4 +113.3 CAPEX (€ million)1 171.8 165.7 +3
Slide 7: Share price rise since Jan. 2012: +256%
Share price rise since Jan. 2012: +256% (FY2019: +416%) Market cap of about € 2.2 billion (FY2019: € 3.2 billion) 450 400 (+416%) 350 300 Indexed 250 +256% 200 150 100 50 +58% 0 +17% -50 FWAG ATX Benchmark (FRA, ADP, ZRH) average Share price development from 1 January 2012 to 31 August 2020 7
Slide 8: Vienna Airport further improves energy efficiency despite growth
Vienna Airport further improves energy efficiency despite growth 2019 2018 Δ in % Electricity consumption (kWh/TU1) 2.72 3.24 -15.9 Heating consumption (kWh/TU) 1.46 1.66 -12.0 Fuel consumption (kWh/TU) 1.07 1.15 -6.8 Total energy consumption (kWh/TU) 5.26 6.05 -13.1 CO2 emissions (kg/TU)* 0.58 0.68
Slide 9: Green Airport: Europe's most environmentally-friendly airport
“Green Airport“: Vienna Airport will become Europe‘s most environmentally-friendly airport Vienna Airport will already be CO₂ neutral in the coming year Expansion of photovoltaics: Airport plans a ten-fold rise in its own electricity production – About 30 hectares of PV surfaces in planning Sm
Slide 10: New Office Park 4 in the Airport City put into operation
New Office Park 4 in the Airport City put into operation 2020: Completion of construction, first tenants move in More than 40% already leased: Extensive interest on the part of prospective tenants – high demand for first-time occupancy and co-working spaces A total of 26,000 m² of state-of-the
Slide 11: Flughafen Wien AG is well equipped to master the COVID-19 crisis
Flughafen Wien AG is well equipped to master the COVID-19 crisis The company‘s liquidity is secured beyond the end of the year by taking advantage of government aid measures, short-time work for the entire staff, sufficient lines of credit and the successful implementation of cost reduction measur
Slide 12: Traffic Results Review of 2019
TRAFFIC RESULTS REVIEW OF 2019 12
Slide 13: 2019: Strong passenger growth, tough competition and increase on long-haul routes
2019: Strong passenger growth, tough competition and increase on long-haul routes Record year in 2019 Vienna Airport: 17.1% growth to a total of 31.7 million passengers Flughafen Wien Group: +15.0% growth to about 40 million passengers Austrian Airlines still the top airline in Vienna Grow
Slide 14: Traffic development: Flughafen Wien Group in 2019
Traffic development: Flughafen Wien Group in 2019 Group passenger development 2019 2018 Δ in % Vienna Airport (millions) 31.7 27.0 +17.1 Malta Airport (millions) 7.3 6.8 +7.4 Kosice Airport (millions) 0.6 0.5 +2.9 Vienna Airport and its strategic 39.5 34.4 +15.0 investments (VIE, MLA, KSC) Share of
Slide 15: Traffic development: Vienna Airport in 2019
Traffic development: Vienna Airport in 2019 Traffic development/Vienna Airport 2019 2018 Δ in % Passengers (millions) 31.7 27.0 +17.1 Local passengers (millions) 24.3 20.3 +20.0 Transfer passengers (millions) 7.2 6.7 +7.6 Flight movements (in 1,000) 266.8 241.0 +10.7 MTOW (millions of tonnes) 10.9 9
Slide 16: Expansion of long-haul routes as a strategic goal
Expansion of long-haul routes as a strategic goal: 50% passenger growth over the last 8 years Total passengeer growth Eastern 2011-2019: +50% Europe North America Western +38.4%2,8 +121.4% Europe 2.0 +48.0% 459 10.7 Far East 7.2 +72.2% 207 2011 2019 704 409 2011 2019 Middle East 2011 2019 +59.5
Slide 17: Shares of scheduled airlines
Shares of scheduled airlines 2019 Share in % Passengers PAX Δ% from 2018 1. Austrian 43.2 13,673,856 +6.4 2. Lauda 8.4 2,656,768 +347.9 3. Eurowings 7.2 2,277,788 -8.3 4. Wizz Air 6.6 2,080,809 +368.0 5. easyjet 3.9 1,235,356 -7.3 6. Lufthansa 2.3 730,061 -20.6 7. Level 1.9 610,887 +73.6 8. Turkish
Slide 18: Segment Results 2019
SEGMENT RESULTS 2019 ANDERES BILD 18
Slide 19: Airport: Strong EBITDA and EBIT growth based on passenger record
Airport: Strong EBITDA and EBIT growth based on passenger record Passenger record at Vienna Airport with € million 2019 2018 Δ in % 31.7 million passengers (+17.1%) External revenue 411.7 381.7 +7.9 EBITDA 187.6 183.3 +2.4 Increase in flight movements (+10.7%) EBIT 104.0 99.8 +4.2 Ongoing stro
Slide 20: Handling & Security Services: Higher earnings due to revenue increase and savings
Handling & Security Services: Higher earnings due to revenue increase and savings achieved Higher income (+ € 3.0 million) especially € million 2019 2018 Δ in % due to additional income from traffic handling (+ € 4.8 million) related to External revenue 166.3 163.3 +1.8 increasing number of flight
Slide 21: Retail & Properties: Growth in all areas
Retail & Properties: Growth in all areas Strong rise in revenue from the gastronomy (+19.4%) and retail (+12,9%) businesses – in € million 2019 2018 Δ in % spite of the modernisation of Terminal 2 and External revenue 162.6 146.4 +11.1 temporary shutdown of shops EBITDA 103.3 90.4 +14.2 PRR of €
Slide 22: Malta: Earnings increase due to strong passenger growth
Malta: Earnings increase due to strong passenger growth New record in 2019: more than 7.3 million € million 2019 2018 Δ in % passengers, 7.4% passenger growth External revenue 100.3 92.2 +8.8 Considerable revenue growth reflects the EBITDA 63.5 53.2 +19.3 traffic development: Airport and Retail
Slide 23: Results of strategic investments in 2019
Results of strategic investments in 2019 Kosice Airport About 0.6 million passengers (+2.9%) Revenue: € 14.0 million EBITDA: € 4.3 million EBITDA margin: 30.7% Net profit for the period: € 2.7 million 23
Slide 24: COVID-19 crisis: Vienna Airport is Austria's lifeline
COVID-19 crisis: Vienna Airport is Austria‘s lifeline Vienna Airport has been in operation since the outbreak of the COVID-19 crisis and is always accessible for flight traffic Daily cargo flights transporting medical supplies were operated by Austrian Airlines and other airlines during the lock
Slide 25: Health is the highest priority at Vienna Airport
Health is the highest priority at Vienna Airport Vienna Airport has implemented numerous protective measures for passengers and employees and is EASA Test-Airport: Requirement to wear protective masks in the terminal, sneeze guards at check-in, boarding and information counters, distance markers
Slide 26: Health is the highest priority at Vienna Airport
Health is the highest priority at Vienna Airport Stringent requirements imposed by authorities: Body temperature of all arriving passengers is measured by health authorities. Travellers from risk areas must either show negative COVID-19 test certificate or are subject to ten days of mandatory
Slide 27: Continued modernisation of Terminal 2, other projects on hold
For the period following the crisis: continued modernisation of Terminal 2, other projects on hold Passenger handling is currently being performed centrallyin Terminal 3. Depending on passenger volume, other terminal areas can be quickly reactivated. The projects “Southern Extension“ and “Modernis
Slide 28: Current Traffic Results and Developments
CURRENT TRAFFIC RESULTS AND DEVELOPMENTS 28
Slide 29: Traffic development H1/2020 Flughafen Wien Group
Traffic development H1/2020 Flughafen Wien Group Group passenger development H1/2020 H1/2019 Δ in % Vienna Airport (millions) 5.1 14.7 -65.3 Malta Airport (millions) 1.0 3.3 -68.7 Kosice Airport (millions) 0.1 0.2 -76.8 Vienna Airport and its strategic investments (VIE, 6.2 18.1 -66.0 MLA, KSC) Traf
Slide 30: Traffic development Vienna Airport July 2020
Traffic development Vienna Airport July 2020 07/2020 07/2019 Δ in % Passengers (millions) 0.6 3.2 -81.8 Local passengers (millions) 0.5 2.4 -79.4 Transfer passengers (millions) 0.1 0.8 -88.7 Flight movements (in 1,000) 7.6 25.2 -69.9 MTOW (millions of tonnes) 301.7 1,025.0 -70.6 Seat load factor (pe
Slide 31: Traffic development Vienna Airport 1-28 August 2020
Traffic development Vienna Airport 1-28 August 20201 1-28/8/2020 1-28/8/2019 Δ in % Passengers (millions) 0.7 2.8 -74.9 Local passengers (millions) 0.6 2.1 -72.2 Transfer passengers (millions) 0.1 0.7 -83.1 Flight movements (in 1,000) 9.4 22.3 -57.8 MTOW (millions of tonnes) 352.5 908.0 -61.2 Seat l
Slide 32: Current traffic development Malta & Kosice (July 2020)
Current traffic development Malta & Kosice (July 2020) Malta Int. Airport Airport Kosice Passengers: About 0.2 Mio. (-80.9%) Passengers: About 5,000 (-94.4%) Flight movements in 1,000: 1.6 (-70.3%) Flight movements: 114 (-85.9%) 32
Slide 33: Medium-/longterm traffic development
Medium-/longterm traffic development Air travel is developing differently worldwide: Whereas Europe and the USA are still in the midst of the crisis, the situation in Chinese domestic traffic has almost reached normal figures again (-14% vs. 2019) In autumn and winter 2020 the prevailing Covid c
Slide 34: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 34
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