Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Shareholder Meeting (June 2025)
38 slides from Flughafen Wien's shareholder meeting presentation, Jun 6, 2025
Slide 1: 37th Annual General Meeting Flughafen Wien AG
6 June 2025 th 37 Annual General Meeting Flughafen Wien AG 1
Slide 2: Good company development
Good company development Increase in turnover and profit in 2024 Pleasing business development in all areas, significant upturn in sales and earnings − Revenue: € 1,052.7 Mio. (+13.0%) − EBITDA: € 442.3 Mio. (+12.4%) − EBIT: € 306.1 Mio. (+16.9%) − Net profit: € 239.5 Mio. (+27.0%) − Good business r
Slide 3: Positive outlook
Positive outlook For sales and earnings in 2025 Slight passenger growth − After growth in Q1, slight passenger growth in the Group and at Vienna Airport well secured for 2025 (around 42 million and 32 million passengers respectively) − Financial guidance 2025: Revenue approx. € 1,080 million, EBIDTA
Slide 4: Growth in all divisions
Growth in all divisions Good traffic momentum and positive financial result as profit drivers € million 2024 2023 Δ Revenue 1,052.7 931.5 13.0% Earnings before interest, tax, depreciation and amortisation 442.3 393.6 12.4% (EBIDTA) Earnings before interest and taxes (EBIT) 306.1 261.8 16.9% Financia
Slide 5: Aviation remains a growth sector
Aviation remains a growth sector Travelling continues to be popular PAX, revenue and EBIDTA development − Complete recovery from Covid-19 slump 1.100 1.053 35 − Revenue and EBITDA clearly above the 1.000 31.7 31.7 pre-crisis level 30 900 − Positive business development based on 858 25 passenger and
Slide 6: Stable margin development despite cost pressure
Stable margin development despite cost pressure Sharp rise in expenses – primarily personnel and other operating expenses € million 2024 2023 Δ Consumables and services used -55.7 -54.1 2.9% Personnel expenses -386.1 -349.4 10.5% Other operating expenses1 -190.1 -142.6 33.3% Depreciation and amortis
Slide 7: Cash flow & equity
Cash flow & equity Good operating cash flow development, increase in capital expenditure € million 2024 2023 Δ Cash flow from operating activities 443.7 384.8 15.3% Free cash flow 114.2 228.2 -49.9% CAPEX 189.8 107.0 77.4% Net liquidity 511.6 361.9 41.4% Equity 1,667.2 1,556.4 7.1% Equity ratio 69.5
Slide 8: Dividend increase to € 1.65 per share
Dividend increase to € 1.65 per share Shareholders and employees participate in the company’s success Dividend per share (in €) 1.65 − Dividend proposal € 1.65 per share for 2024, 1,65 plus 33 cents (€ 1.32 in 2023) 1,50 − Payout ratio 64% 1,35 1,20 − Total dividend distribution € 138.4 million 1,05
Slide 9: Financial guidance for 2025
Financial guidance for 2025 Stabilisation of earnings development after business recovery from COVID Revenue approx. € 1.08 billion EBITDA approx. € 440 million 1 Group net profit approx. € 230 million Capex approx. € 300 million − Strong financial position enables financing of increased investments
Slide 10: Own shares
Own shares Report on own (treasury) shares pursuant to Section 65 Par. 3 Stock Corporation Act 2024 2023 Shares issued as of 1 January 84,000,000 84,000,000 Own shares -125,319 -125,319 Weighted average 83,874,681 83,874,681 10 10 10
Slide 11: Consistent energy efficiency & environmental management
Consistent energy efficiency & environmental management − CO2 neutral operation of Vienna Airport since January 2023 − According to the definition of the Airport Carbon Accreditation Scheme (ACAS, Level 3+) of the Airport Council International (ACI) − Own PV systems cover on balance around half of t
Slide 12: Aviation: less but better regulation
Aviation: less but better regulation Need for action at national and European level Urgent need for change in regulations that drive inflation and burden the development of air traffic − EU law requires increasing addition of alternative kerosene since the beginning of 2025 → SAF quotas: 2025 2%, 20
Slide 13: The AirportCity is growing quickly
The AirportCity is growing quickly Boom in business location projects – development of the landbank − The Vienna Airport site with 23,000 employees continues to be the biggest employer in the Eastern Region of Austria − Ongoing strong interest in office and operating premises in the AirportCity − TU
Slide 14: Vienna Airport is investing heavily
Vienna Airport is investing heavily Increase in Capex to about € 300 million in 2025 and in the following years Terminal 3 Southern Expansion is the biggest investment project − Construction progress on time and within budget − Shell construction completed, roof to be reached by summer 2025 − Commis
Slide 15: New all-time high of the Flughafen Wien share at € 55.20 in November
Share price (performance in % since 1.1.2012) Market capitalisation (€ million) New all-time high of the 800 10.000 Flughafen Wien share at 700 9.000 € 55.20 in November 600 8.000 2024 500 7.000 6.000 400 Current market 5.000 capitalisation of just over 300 4.000 € 4.5 billion 200 3.000 2.000 100 1.
Slide 16: Traffic development & segment results 2024
Traffic development & segment results 2024 16 16
Slide 17: Record year 2024, positive outlook for 2025
Record year 2024, positive outlook for 2025 Vienna Airport exceeds pre-Covid level – more passengers than ever before in 2024 2024: Record passenger numbers, freight and seat load factor − Passengers: 31.72 million (+57,647 passengers more than in 2019, +7.4% vs. 2023) − Seat load factor: 80.8% (+3.
Slide 18: Traffic development 2024
Traffic development 2024 Flughafen Wien Group: Record passenger numbers at all three airports Group passenger development1 2024 2023 2019 Δ 2023 Δ 2019 Vienna Airport (millions) 31.7 29.5 31.7 7.4% 0.2% Malta Airport (millions) 9.0 7.8 7.3 14.8% 22.5% Košice Airport (millions) 0.7 0.6 0.6 18.2% 32.4
Slide 19: Traffic development 2024
Traffic development 2024 Vienna Airport: New passenger record with fewer flight movements than in 2019 Traffic development at 2024 2023 2019 Δ 2023 Δ 2019 Vienna Airport1 Passengers (millions) 31.7 29.5 31.7 7.4% 0.2% Local passengers (millions) 24.9 22.8 24.3 8.9% 2.2% Transfer passengers (millions
Slide 20: Traffic development January – April 2025
Traffic development January – April 2025 Robust passenger growth in the Group Passenger development 1-4/2025 1-4/2024 Δ Group1 Vienna Airport (millions) 8.8 8.5 3.6% Malta Airport (millions) 2.7 2.3 14.6% Košice Airport (millions) 0.17 0.14 21.8% Vienna Airport and its strategic 11.7 11.0 6.2% inves
Slide 21: Passenger development 2024
Passenger development 2024 86% of traffic on intra-European routes Europe thereof +8.5 % thereof 2024 Western Europe 85.9 % Eastern Europe Growth to London, Istanbul, Berlin, Malaga, +8.5 % − 72 Airlines Zurich, Athens, Frankfurt and Rome 69.3 % +8.4 % Growth to Tirana, Sofia, Split, 16.6 % Chişinău
Slide 22: Performance of the top countries & destinations in 2024
Performance of the top countries & destinations in 2024 Mediterranean region still very popular – long-haul routes to Asia in demand Top 10 countries in 20241 Long-haul destinations2 Countries 1-12/2023 1-12/2024 Δ 2023 Δ% 2023 Δ 2019 Δ% 2019 1. Bangkok 4. Toronto 1.Germany 3,965,592 4,158,897 +193,
Slide 23: Vienna and Malta outperform
Vienna and Malta outperform Long-term passenger development – VIE & MIA vs European air traffic1 300 − Vienna Airport and Malta Airport clearly show stronger passenger 250 growth than European air traffic as a whole 200 − Passenger growth at Vienna Airport of 166% in the period 2000 – 2024 150 − Mor
Slide 24: Airline highlights in the 2025 summer flight schedule
Airline highlights in the 2025 summer flight schedule New destinations and additional frequencies to Europe and Asia − Up to 73 airlines with about 190 destinations in 66 countries operate flights in the current summer flight schedule − Numerous offerings, especially to Europe and in the Mediterrane
Slide 25: Traffic forecast for 2025
Traffic forecast for 2025 Slight growth expected at Vienna Airport and in the Flughafen Wien Group Flughafen Wien AG Guidance 2025 2024 Passengers approx. 32 million 31.7 million Flughafen Wien Group Guidance 2025 2024 Passengers approx. 42 million 41.4 million − Slight capacity growth in the summer
Slide 26: Airport
Airport Good traffic momentum ensures significant revenue and earnings growth € million 2024 2023 Δ − Airport segment with highest share of revenue and earnings of 48% and 41%, respectively External revenue 506.6 440.1 15.1% − Rise in passenger-related fees by +18% EBITDA 204.3 176.7 15.7% to € 371.
Slide 27: Best Airport Staff Europe
“Best Airport Staff Europe“ Operational excellence – Skytrax Award ceremony − Vienna Airport honoured as Europe’s best airport team for the 5th time − Globally, Vienna Airport is ranked an outstanding 15th, and is rated 3rd in the category “Best Airports with 20-30 million passengers” − The award ev
Slide 28: Handling & Security Services
Handling & Security Services Cargo record at Vienna Airport and ongoing high service quality − Record cargo volumes at Vienna Airport support € million 2024 2023 Δ significant earnings improvement in handling External revenue 177.8 165.7 7.3% − Margin improvement due to stable costs of EBITDA 17.1 1
Slide 29: Best cargo results in Vienna Airport's history
Best cargo results in Vienna Airport’s history Good geographical location and high-quality service are the decisive factors − Significant increase in cargo volume of 21.6% to 297,945 tonnes vs. the previous year (+5.0% vs. 2019) – belly freight with +43.8% vs.2023 − Strong growth of imports and expo
Slide 30: Quality
Ongoing good punctuality in 2024 (top 15) Quality Oslo OSL 82,9% Copenhagen CPH 79,7% Vienna VIE 71,7% Sustained top Madrid MAD 69,5% performance in the Dublin DUB 69,2% Lufthansa Group, London LHR 69,1% clearly ahead of Barcelona BCN 67,4% Munich, Zurich, Rome FCO 65,0% Brussels and Frankfurt Milan
Slide 31: Retail & Properties
Retail & Properties Expanded offering, passenger growth ensure a substantial improvement − Center Management & Hospitality (+13.1%) € million 2024 2023 Δ and parking (+9.4%) strongly benefit from External revenue 203.0 182.5 11.2% passenger growth EBITDA 113.9 100.6 13.2% − Following its expansion t
Slide 32: Southern Expansion: Tenant acquisition in full swing
Southern Expansion: Tenant acquisition in full swing Focus on national and international premium brands Tenant acquisition is well underway − Allocation of shopping and restaurant space − Focus on Austrian cuisine as well as strong national and international premium brands − Flexible allotment of sp
Slide 33: Shopping & Catering on 10,000 m²
36/4/2025 Shopping & Catering on 10,000 m² 33
Slide 34: Large central security checkpoint with modern security check lanes
46/4/2025 Large central security checkpoint with modern security check lanes 34
Slide 35: Malta
Malta Very dynamic passenger development – Volume more than doubled since 2014 − Record passenger volume of 9.0 million € million 2024 2023 Δ passengers (+14.8% vs. 2023, +22.5% vs. 2019) External revenue 142.9 120.2 18.8% ensures a marked earnings improvement EBITDA 87.2 75.4 15.6% − Malta Airport
Slide 36: Extensive Capex programme at Malta Airport
Extensive Capex programme at Malta Airport Investments in aviation and non-aviation infrastructure − Investment programme to adapt facilities to current passenger volumes and business needs − Capex of € 68.4 Mio. in 2024 → Increase in aircraft parking positions on the apron VIP terminal extension →
Slide 37: Airport Košice
Airport Košice Passenger record for the 100th anniversary − Significant passenger record in 2024 with 735,384 passengers, +18.2% vs. 2023 and +32.4% vs. 2019 − Revenue € 20.3 millions (+16.8%), net profit € 1.9 million (+24.8%) − Very strong growth in summer charter traffic in particular (+23% vs. 2
Slide 38: Financial calender 2025
Financial calender 2025 06 June: Annual General Meeting 11 June: Ex-dividend date 17 June: Traffic results May 2025 15 July: Traffic results June 2025 19 August: H1/2025, Traffic results July 2025 11 September: Traffic results August 2025 14 October: Traffic results September 2025 18 November: Q1-3/