Flughafen Wien Ag · VIE:FLU
Flughafen Wien — H1 2026 Earnings Presentation
24 slides from Flughafen Wien's earnings presentation, Aug 19, 2026
Slide 1: Flughafen Wien – H1/2026
Flughafen Wien – H1/2026 19 August 2026
Slide 2: Despite challenging market conditions, declining PAX volumes in Vienna and flat revenue
Despite challenging market conditions, declining PAX volumes in Vienna and flat revenue - net profit improved thanks to growth at international airports and cost discipline Revenue +0.9% to € 529.3 million EBITDA +7.3% to € 227.1 million Group net profit +7.0% to € 123.2 million Challenges posed by
Slide 3: Higher profitability despite stagnant revenue
Higher profitability despite stagnant revenue EBITDA +7.3%, Group net profit +7.0% € million H1/2026 H1/2025 Δ Revenue 529.3 524.4 0.9% Earnings before interest, tax, depreciation and amortisation (EBITDA) 227.1 211.7 7.3% Earnings before interest and taxes (EBIT) 159.4 146.1 9.1% Financial result 5
Slide 4: Reduction of operating expenses
Reduction of operating expenses Effective implementation of cost-saving and efficiency enhancement measures € million H1/2026 H1/2025 Δ Consumables and services used -28.1 -28.2 -0.3% Personnel expenses -208.0 -205.4 1.2% Other operating expenses1 -74.6 -86.5 -13.8% Depreciation and amortisation -67
Slide 5: Lower cash flow and reduced net cash position
Lower cash flow and reduced net cash position Strong balance sheet enables growth investments in Vienna and Malta € million H1/2026 H1/2025 Δ Cash flow from operating activities 147.0 157.1 -6.4% Free cash flow 133.7 147.4 -9.3% Capex 150.8 140.2 7.6% Net liquidity1 264.6 413.8 -36.0% Equity1 1,700.
Slide 6: Growing into an international space-tech cluster
Growing into an international space-tech cluster AirportCity receiving business hub award − Launch of the ESA Phi-Lab at the Space Hub The establishment of the ESA Phi-Lab further strengthens AirportCity’s development into an international center for space-tech and aerospace innovation − Three new s
Slide 7: Regulatory environment showing first positive signals
Regulatory environment showing first positive signals Support package for Austrian aviation sector, amendment to the Aviation Act Budgetary funds to strengthen the Austrian aviation sector − The Federal Ministry of Innovation, Mobility and Infrastructure is making available € 30 million p.a. in addi
Slide 8: 2026 financial guidance raised slightly
2026 financial guidance raised slightly Revenue approx. € 1,080 million EBITDA approx. € 425 million Group net profit b.m. approx. € 220 million Group net profit a.m. approx. € 190 million CAPEX approx. € 330 million 8
Slide 9: Traffic & segment results in H1/2026
Traffic & segment results in H1/2026
Slide 10: Traffic development of the Flughafen Wien Group
Traffic development of the Flughafen Wien Group Growth of 1.9% in H1/2026 thanks to strong increases in Malta and Košice Flughafen Wien Group1 passenger H1/2026 Δ H1/2025 7/2026 Δ 7/2025 1-7/2026 Δ 1-7/2025 development Vienna Airport (millions) 14.3 -3.2% 3.1 -4.7% 17.4 -3.5% Malta Airport (millions
Slide 11: Passenger decline at Vienna Airport in H1/2026
Passenger decline at Vienna Airport in H1/2026 Higher capacity utilisation of Austrian Airlines cushions impact of LCC reductions Vienna Airport1 H1/2026 Δ H1/2025 7/2026 Δ 7/2025 1-7/2026 Δ 1-7/2025 passenger develop. Passengers (millions) 14.3 -3.2% 3.1 -4.7% 17.4 -3.5% Local passengers (millions)
Slide 12: Market share of airlines
Market share of H1/2026 Share Passengers PAX Δ vs. H1/2025 airlines 1. Austrian 48.7% 6,942,867 +6.1% 2. Ryanair/Lauda 20.7% 2,953,039 -5.4% Austrian Airlines clearly 3. Eurowings 2.5% 357,267 +1.5% remains the number one 4. Turkish Airlines 2.0% 281,551 +13.9% airline at Vienna Airport 5. Pegasus A
Slide 13: Regional passenger development in H1/2026
Regional passenger development in H1/2026 Focus on intra-European routes Europe − Europe accounts for 86.3% of total -2.1% passenger volume thereof 86.3% thereof Western Europe Growth on long-haul routes Growth e.g., to Frankfurt, Eastern Europe +0.3% -12.1% Decline e.g., to Tirana, Istanbul, Copenh
Slide 14: Punctuality January-July 2026
Punctuality January-July 2026 Quality (Top 15, hub airports >25 million PAX)1 Oslo OSL Vienna Airport ranks London LHR among Europe‘s most Copenhagen CPH punctual flight hubs1 Vienna VIE Dublin DUB The high quality strengthens the relative Amsterdam AMS market position of London STN Austrian Airline
Slide 15: Awards for Vienna Airport
Awards for Vienna Airport High service quality and a first-class passenger experience ASQ Award: “Best European Airport 2026” Priority Pass: (25-40 million PAX) “Lounge of the Year” − The ASQ Award ranks among the most − VIENNA Lounge named the Best Airport important international quality Lounge in
Slide 16: Airline highlights in the summer 2026 flight schedule
Airline highlights in the summer 2026 flight schedule New airlines, destinations and frequency increases mitigate impact of LCC reductions Approx. 200 destinations from Vienna airBaltic 21 long-haul destinations to North America and the → New: 3 frequencies/week to Tallinn since 30 March Far East Au
Slide 17: Slight improvement of traffic forecast for 2026
Slight improvement of traffic forecast for 2026 Flughafen Wien AG Guidance 2026 2025 Passengers approx. 30.5 million 32.6 million Flughafen Wien Group Guidance 2026 2025 Passengers approx. 42.5 million 43.4 million − Passenger guidance raised for the Flughafen Wien Group to approx. 42.5 million pass
Slide 18: Airport
Airport Earnings decline due to lower traffic volume and reduced passenger fees − Lower passenger volume (-3.2%) and reduced passenger € million H1/2026 H1/2025 Δ fees (-4.5%) negatively impacted passenger-related revenue External revenue 231.2 245.1 -5.7% (-4.0%) EBITDA 97.0 99.5 -2.4% − Terminatio
Slide 19: Handling & Security Services
Handling & Security Services Substantial increase in de-icing income led to clearly positive EBIT in H1/2026 − Substantially higher de-icing income in the winter months € million H1/2026 H1/2025 Δ as the main driver of the revenue and earnings External revenue 103.1 95.8 7.6% development EBITDA 7.7
Slide 20: Retail & Properties
Retail & Properties Improved segment results despite reduced passenger traffic − Robust growth of advertising income as well as the € million H1/2026 H1/2025 Δ positive development of food & beverage outlets and External revenue 101.4 101.5 -0.0% lounges led to the Center Management & Hospitality re
Slide 21: Malta
Malta Dynamic passenger growth led to a double-digit revenue and earnings increase − Passenger growth of 15.6% to 5.2 million travellers drove € million H1/2026 H1/2025 Δ the positive development of all business areas External revenue 82.5 71.9 14.8% − Substantial contribution to the passenger volum
Slide 22: Financial calendar 2026
Financial calendar 2026 19 August: H1/2026 19 August Traffic results 07/2026 15 September: Traffic results 08/2026 13 October: Traffic results 09/2026 19 November: Q1-3/2026 19 November Traffic results 10/2026 15 December Traffic results 11/2026
Slide 23: Contact
CONTACT Bernd Maurer Head of Capital Markets +43-1-7007-23126 +43-664-8357723 b.maurer@viennaairport.com 23
Slide 24: 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