Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q4 2022 Earnings Presentation
27 slides from Flughafen Wien's earnings presentation, Mar 1, 2023
Slide 1: Vienna Airport on the Path to Success: Preliminary Results 2022 and Outlook 2023
VIENNA AIRPORT ON THE PATH TO SUCCESS: More passengers, higher revenue and earnings, more jobs and more climate protection! Preliminary financial results for 2022 and outlook for 2023 Analyst & investor conference call, 1 March 2023
Slide 2: 2022: Vienna Airport demonstrates its strength after the COVID-19 downturn
2022: Vienna Airport demonstrates its strength after the COVID-19 downturn – net profit soars to € 128.1 million Following tough crisis years Flughafen Wien AG is once again on the road to success: 2022 revenue up 70% to € 692.7 million (2021: € 407.0 million) – strong rise in the Group net profit
Slide 3: Completely net debt-free: net liquidity of EUR 149 million
Completely net debt-free: Flughafen Wien with a net liquidity of EUR 149 million Net debt (in € million) Enables financial 200 149 flexibility for future, 100 value-enhancing 0 investment projects -100 Supports the ability of -200 the company to pay -300 attractive dividends -400 Increased pay
Slide 4: Net profit jumps to EUR 128 million due to passenger traffic and higher productivity
Net profit jumps to EUR 128 million due to passenger traffic and higher productivity € million 2022 2021 Revenue 692.7 407.0 Earnings before interest. tax. depreciation and 295.9 154.4 amortization (EBITDA) Earnings before interest and taxes (EBIT) 167.2 20.0 Financial results -9.3 -10.4 Earnings be
Slide 5: 2023: Vienna Airport focuses on a growth path
2023: Vienna Airport focuses on a growth path The increasing desire to travel will lead to a higher passenger volume. Further business location projects will expand the number of companies operating in the AirportCity. Investment drive of € 135 million (2022: € 54 million) includes the launch of
Slide 6: Traffic-related increase in operating expenses
Traffic-related increase in operating expenses Traffic-related increase in in € Mio. 2022 2021 operating expenses - primarily Consumables & fuel, maintenance, external services -44.5 -29.8 services used marketing and communication. Personnel expenses -272.3 -196.7 Sustainable effects of cost Oth
Slide 7: Very healthy balance sheet structure, net liquidity, equity ratio of 65%
Very healthy balance sheet structure, net liquidity, equity ratio of 65% 2022 2021 Net liquidity (2021: net debt, in € million) 149.4 -150.4 Cash flow from operating activities (€ million) 337.6 105.8 Free cash flow (€ million) 33.1 66.9 CAPEX (€ million)1 53.6 51.6 Equity (€ million) 1,448.5 1.314.
Slide 8: Indexation of passenger & landing fees provides protection against inflation
Indexation of passenger & landing fees provides good protection against inflation Suspension of the tariff formula until the end of 2026 due to COVID- 19-related distortions Airport fees are being temporarily adjusted by the average inflation rate (calculated from 1 August – 31 July). Increase
Slide 9: One of Austria's five largest hotels to be built at Vienna Airport
One of Austria’s five largest hotels to be built at Vienna Airport: “Vienna House Easy” with 510 rooms 2023 Start of construction for one of Austria’s five largest hotels at Vienna Airport - the airport expands its accommodation capacity to 1,400 rooms in the future A new hotel featuring 510 rooms
Slide 10: Vienna Airport operates CO2-neutral - next target: net zero by 2033
Vienna Airport operates in a CO₂-neutral manner - next target: net zero by 2033 Doubling of photovoltaic capacities to 45 hectares About 100,000 panels will supply 40% of future electricity needs for the entire airport site Vienna Airport reduces annual CO₂ emissions by 60.000 tonnes compared to 2
Slide 11: Takeover offer by IFM: Attractive investment case for the share
Takeover offer by IFM Attractive investment case for the share Increase in the IFM stake by 3.37% to 43.37% within the context of the voluntary partial offer. Growth Profitability Approx. two-thirds of investors rejected the purchase offer which is a clear vote of confidence. Attractive Mainta
Slide 12: Financial guidance for 2023
Financial guidance for 2023 Revenue approx. € 830 million EBITDA ˃ € 325 million Group net profit ˃ € 150 million CAPEX approx. € 135 million All planned investments can be financed from the cash flow. 12
Slide 13: Traffic & Segment Results
TRAFFIC & SEGMENT RESULTS xo Yr a oe (8 0 @ (e of L w | = a Vienna ‘WY 1 G International Airport
Slide 14: Traffic results: aviation comeback in 2022 - the upswing will continue in 2023
Traffic results: aviation comeback in 2022 – the upswing will continue in 2023 Strong growth in 2022 after two tough crisis years Vienna Airport with 23.7 million travellers, more than doubling of passenger volumes; 30.1 passengers in the Flughafen-Wien-Group (incl. Malta and Kosice), also more th
Slide 15: Traffic development in 2022: Growth in the Flughafen Wien Group
Traffic development in 2022: Growth in the Flughafen Wien Group Δ% Δ% Group passenger development 2022 2021 2019 2021 2019 Vienna Airport (millions) 23.7 10.4 31.7 +127.6 -25.2 Malta Airport (millions) 5.9 2.5 7.3 +130.3 -20.0 Kosice Airport (millions) 0.5 0.2 0.6 +224.1 -2.8 Vienna Airport and its
Slide 16: Airport: Close to two-fold rise in revenue and EBITDA
Airport: Close to two-fold rise in revenue and EBITDA Significant revenue increase of nearly € million 2022 2021 Δ in % 90% to € 321 million – mainly driven by External revenue 321.0 169.5 89.3 the strong recovery of passenger traffic (passenger-related fees +111%) and EBITDA 127.2 69.3 83.5 incre
Slide 17: Handling & Security Services: Ground handling driven by rising flight movements
Handling & Security Services: Ground handling driven by rising flight movements Increase in flight movements and € million 2022 2021 Δ in % MTOW led to a sharp rise in ground External revenue 124.9 94.4 32.3 handling revenue by 57% to € 81 million. EBITDA 5.0 3.6 39.6 EBIT -3.5 -5.8 39.2 Cargo h
Slide 18: Quality: Vienna Airport is Europe's 2nd most punctual hub
Quality: Vienna Airport is Europe’s 2nd most punctual hub1 Most punctual airport in the Lufthansa Group, ahead of Munich, Zurich and Frankfurt 18
Slide 19: Vienna Airport prepared to handle passenger volumes - staff increases underway
Vienna Airport is prepared to handle passenger volumes – staff increases already underway Vienna Airport will hire about 350 new employees in passenger-related areas by the summer of 2023 More personnel, above all in the terminals, security checks, passenger and ground handling, cleaning Emplo
Slide 20: Retail & Properties: Substantial rise in revenue, strongly improved earnings
Retail & Properties: Substantial rise in revenue, strongly improved earnings Passenger rebound led to a doubling of € million 2022 2021 Δ in % Center Management & Hospitality External revenue 138.8 82.4 68.6 income (€ 67 million) and parking fees (€ 42 million) EBITDA 81.4 48.0 69.7 Positive eff
Slide 21: As of Easter 2023: New restaurant highlights for travellers
As of Easter 2023: New restaurant highlights for travellers Panorama Restaurant Zugvogel will open in a new design with an open kitchen DO & CO to open a new foodcourt at the C Gates with an Onyx and delicatessen bar Panorama bar of Figlmüller at the C Gates New food/beverage offerings in th
Slide 22: Terminal 3 Southern Enlargement: Enhancing the non-aviation potential
Terminal 3 Southern Enlargement Enhancing the non-aviation potential Expansion of Terminal 3 by about 70.000 m² Southern Enlargement enhances comfort and quality Modern atmosphere, more recreational areas and generous lounge areas Higher revenue from the clearly expanded shopping and caterin
Slide 23: Malta: Sun & Sea destination as a focus of people's desire to travel
Malta: “Sun & Sea” destination as a focus of people‘s desire to travel Strong 130% passenger growth to € million 2022 2021 Δ in % almost 6 million travellers in 2022 External revenue 88.0 47.4 85.6 Holiday destination (“sun and sea”) EBITDA 55.1 24.5 125.1 Substantial revenue growth driven EBI
Slide 24: Summer flight schedule 2023: Increased capacities at Easter and in the summer
Summer flight schedule 2023: Increased capacities at Easter and in the summer Positive outlook for the upcoming summer flight schedule About 50 airlines expected to operate flights during the Easter holidays and 60 in the summer holiday season 150 destinations served at Easter and flights to a
Slide 25: Summer flight schedule 2023: Airline highlights
Summer flight schedule 2023: Airline highlights Austrian Airlines: 120 destinations and numerous frequency increases and new in the summer season: Porto, Marseille, Billund, Tivat, Palermo, Vilnius und Tromsø Ryanair: 75 destinations, stationing of 19 aircraft and flight service launched to Cope
Slide 26: Traffic forecast 2023: Continuation of growth trend
Traffic forecast 2023: Continuation of growth trend Flughafen Wien Group: 2019 2021 2022 Forecast 2023 Passengers: 39.5 mill. 13.1 mill. 30.1 mill. 32-34 mill. 2021 Forecast Vienna Airport: 2019 2022 2023 Passengers: 31.7 mill. 10.4 mill. 23.7 mill. 26-27 mill. Strong passenger volumes in Janu
Slide 27: Thank you for your attention!
Thank you for your attention! 27