Aena Sme Sa · BME:AENA
Aena Sme Sa — Q3 2022 Earnings Presentation
28 slides from Aena Sme Sa's earnings presentation, Oct 26, 2022
Slide 1: Results Presentation
Results Presentation For the nine-month period ended on 30 September 2022 26 October 2022
Slide 2: Disclaimer
Disclaimer This report shows the most important data concerning Aena S.M.E., S.A. and its subsidiaries (‘Aena’ or ‘the Company’) and its management during the first nine months of 2022, including the most relevant information on all business areas, the main figures and the lines of action that have
Slide 3: Contents
Contents I. Key highlights II. Business trends III.Financial results IV.Appendices 3
Slide 4: I. Key highlights
I. Key highlights Passengers(1) (m): +133.8% Total Revenue (€m): +65.6% Northeast Brazil 204.4 2,915.1 Airport Group 10.4 26.9% 9.9 Luton 1,760.8 87.4 264.7% 8.2 184.2 2.7 Spanish 76.5 network 140.7% 9M 2021 9M 2022 9M 2021 9M 2022 Spanish network Luton ANB EBITDA(2) (€m): +197.0% Net result (€m): +
Slide 5: I. Key highlights
I. Key highlights Traffic: Aena Group passenger traffic1 increased to 204.4 million (up 133.8% compared to 2021), which implies a recovery of 85.8% of the 2019 traffic. At network airports in Spain, traffic increased by 140.7% (up to 184.2 million passengers), equivalent to 86.1% of the 2019 traffic
Slide 6: Key highlights: Concession of airports in Brazil
I. Key highlights: Concession of 11 airports in Brazil BOT (Build, Operate and Transfer) concession for an airport group of eleven airports in operation Airport Pax 2019 (Brownfield). ATC services not included. 1 Congonhas 22,833,711 Regulation. Dual till system: Regulated aeronautical activity
Slide 7: Contents
Contents I. Key highlights II. Business trends III.Financial results IV.Appendices 7
Slide 8: II. Traffic data
II. Traffic data Passengers, aircraft movements and cargo Monthly trend in passenger traffic(1) Passengers (m) Spanish Network 9M 2022 9M 2021 Variation Monthly variation (%) Passengers 184,190,115 76,531,850 140.7% 457.2% 27.3 30,0 434.3% 27.1 500,0% Operations 1,686,533 1,064,204 58.5% 387.1% 24.3
Slide 9: II. Commercial information. Ordinary revenue
II. Commercial information. Ordinary revenue Business area Revenue Variation (€ Thou.) 9M 2022 9M 2021 € Thou. % Duty-Free 103,933 286,750 -182,817 -63.8% Food and beverage 128,826 162,421 -33,595 -20.7% Specialty shops 49,173 33,915 15,258 45.0% Car parks 106,438 48,275 58,163 120.5% Car rental 94,
Slide 10: II. Commercial information. Ordinary revenue summary
II. Commercial information. Ordinary revenue summary Commercial and Real Estate Revenue Revenue Variation (€ m) 9M 2022 9M 2021 €m % Total business activity 992.4 481.5 510.9 106.1% Fixed and Variable Rents invoiced and collected in the period 903.6 382.8 520.8 136.1% MAG revenue to be invoiced 88.8
Slide 11: II. Fixed and Variable Rents invoiced and collected in the period
II. Commercial information. Fixed and Variable Rents invoiced and collected in the period Fixed and Variable Rents invoiced and collected in the period (€ Thou.) Q1 Q2 Q3 ACC. Business areas Var. Var. Var. Var. 2019 2022 2022/2019 2019 2022 2022/2019 2019 2022 2022/2019 2019 2022 2022/2019 Duty-free
Slide 12: II. Other Operating Expenses
II. Other Operating Expenses. Ch. Q1 Ch. Q1 Ch. Q2 Ch. Q2 Q1 Q2 2022/2021 2022/2019 2022/2021 2022/2019 €m 2019 2021 2022 € % € % 2019 2021 2022 € % € % Aena S.M.E., S.A.1 328.1 272.4 368.3 95.9 35.2% 40.2 12.2% 204.7 135.2 244.4 109.3 80.9% 39.7 19.4% Electricity 20.4 14.7 61.7 47.0 318.6% 41.3 202
Slide 13: II. Performance by business area
II. Performance by business area(1) Airports 9M 2022 Aeronautical Commercial Real estate services International 11.8% 2.2% Total revenue 23.5% 62.6% €2,915.1m +65.6% €1,824.5m €685.1m €64.1m €342.6m (111.2%) (-5.3%) (0.3%) (208.7%) 11.6% 1.7% Total 13.2% expenses 73.6% €2,207.0m +15.2% €1,624.9m €29
Slide 14: II. International shareholdings
II. International shareholdings Luton Passengers (m) Revenue (£m) EBITDA (£m) 9.9 72.1 171.0 264.7% 208.1% 868.6% 2.7 55.5 115.5m 7.2m 7.4 65.0m 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 Northeast Brazil Airport Group Passengers (m) Revenue (R$m) EBITDA (R$m) 26.9% 712.2 10.4 269.5 8.2 187.7%
Slide 15: Contents
Contents I. Key highlights II. Business trends III.Financial results IV.Appendices 15
Slide 16: III. Financial results
III. Financial results Total Revenue (€m): +65.6% OPEX(1) (€m) EBITDA(2) (€m): +197.0% EBITDA 24.9% 44.6% 111.2% 41.8% 1,566.5 margin Aeronautical 2,915.1 2% 1,301.5 4% 7% 1,104.5 7% 3% 32.0% 4% 1,760.8 24% Ex-Luton 36% 2% 4% -5.3% 438.3 41% 4% Commercial Ex-ANB 9% 63% 128% 50% 49% 2% -18% -22% 9M 2
Slide 17: III. Income statement
III. Income statement €m 9M 2022 9M 2021 Variation €m % Ordinary revenue 2,875.2 1,715.7 1,159.5 67.6% Airports: Aeronautical 1,786.0 829.0 957.0 115.4% Airports: Commercial 675.5 715.3 -39.8 -5.6% Real Estate Services 62.8 57.3 5.4 9.5% Región de Murcia International Airport 8.6 4.1 4.4 107.7% Inte
Slide 18: III. Cash Flow Statement
III. Cash Flow Statement Variation €m 9M 2022 9M 2021 €m % Profit/(loss) before tax 642.5 -202.7 845.2 417.0% Depreciation and amortisation 593.4 593.6 Variation in working capital 142.5 -443.8 Financial results 90.9 64.4 Impairment of fixed assets -27.4 89.1 Commercial discounts (application of IFR
Slide 19: Contents
Contents I. Key highlights II. Business trends III.Financial results IV.Appendices 19
Slide 20: IV. Appendix. Key figures. Quarterly trends
IV. Appendix. Other financial information. Key figures. Quarterly trends Q1 Q2 Q3 ACC. €m 2022 2021 Var. 2022 2021 Var. 2022 2021 Var. 2022 2021 Var. Consolidated Traffic (thousands of passengers) 1 43,387.7 11,413.8 280.1% 73,954.4 21,429.6 245.1% 87,084.1 54,574.8 59.6% 204,426.2 87,417.7 133.8% S
Slide 21: IV. Appendix. Statement of financial position
IV. Appendix. Other financial information. Statement of financial position €m 9M 2022 2021 €m 9M 2022 2021 Property, plant and equipment 12,060.9 12,373.0 Share capital 1,500.0 1,500.0 Intangible assets 752.1 637.3 Share premium 1,100.9 1,100.9 Real estate investments 135.2 136.7 Retained earnings/(
Slide 22: IV. Appendix. Aena S.M.E., S.A. debt
IV. Appendix. Other financial information. Aena S.M.E., S.A. debt Maturity schedule of Aena’s long-term debt(1) Debt breakdown by type Total: €7,173.8m Average life: 6.5 years and average interest rate for the period 2.5% 8.3% 27.8% 16.4% 10.9% 34.0% 9M 2022 Fixed 2021 Debt (€ millions) % of debt Va
Slide 23: IV. Appendix. Passenger data by airport groups
IV. Appendix. Passenger data by airport groups(1) Traffic 9M 2022 vs 9M 2021 (m Passengers) Adolfo Suárez Barcelona-El Prat Palma Canary Islands Group I Group II(2) Group III Aena Madrid-Barajas Josep Tarradellas de Mallorca Group TOTAL PASSENGERS 147.3% 166.6% 121.3% 133.3% 138.2% 142.0% 76.9% 140.
Slide 24: IV. Appendix. Traffic by airline (top 10)
IV. Appendix. Traffic information. Traffic by airline (top 10) Variation Share (%) Passengers Passengers Carrier (1) Passengers 9M 2022 9M 2021 9M 2022 (1) 9M 2021 % Ryanair(2) 39,940,229 13,716,408 191.2% 26,223,821 21.7% 17.9% Vueling 30,413,439 15,101,278 101.4% 15,312,161 16.5% 19.7% Iberia 12,9
Slide 25: IV. Appendix. Traffic by origin/destination (top 15)
IV. Appendix. Traffic information. Traffic by origin/destination (top 15) Variation Share (%) Passengers(1) Passengers(1) Country % Passengers 9M 2022 9M 2021 9M 2022 9M 2021 Spain 61,726,244 35,768,314 72.6% 25,957,930 33.5% 46.7% United Kingdom 28,854,419 5,049,519 471.4% 23,804,900 15.7% 6.6% Ger
Slide 26: IV. Appendix. Alternative Performance Measures
IV. Appendix. Alternative Performance Measures In addition to the financial information prepared under the International Financial Reporting Standards adopted by the European Union (IFRS-EU), the reported financial information includes certain alternative performance measures (APM) in order to compl
Slide 27: IV. Appendix. Alternative Performance Measures
IV. Appendix. Alternative Performance Measures 2. Measures of the financial position Net Debt: The Net Debt is the main APM used by Management to measure the Company’s level of indebtedness. It is calculated as the total ‘Financial Debt’ (Non-current Financial Debt + Current Financial Debt) that app
Slide 28: Thank you
Thank you Towards Sustainable Development Social Economic Environmental Development Development Sustainability Company committed to the United Nations Sustainable Development Goals (SDGs)