Slide 1: Nine Month Results 2006 for the Flughafen Wien Group
NINE MONTH RESULTS 2006 for the Flughafen Wien Group November 2006 1
Slide 2: At a Glance
At a Glance z Turnover 1-9/2006: EUR 347.0 mill. + 13.8% z Operating income 1-9/2006: EUR 355.6 mill. + 10.4% z EBITDA 1-9/2006: EUR 134.6 mill. + 9.9% z EBIT 1-9/2006: EUR 87.7 mill. + 6.9% z Passengers: + 6.4% (European average: 5.5%*) z Growth drivers: - Low-cost carriers - Traffic to Eastern Eur
Slide 3: Results 1-9/2006
Results 1-9/2006 Change in EUR mill. 1-9/2006 1-9/2005 in % Turnover 347.0 304.9 + 13.8 Other operating income 8.6 17.3 - 50.1 Operating income 355.6 322.2 + 10.4 Operating expenses (excl. depr./amort.) - 221.0 -199.8 + 9.7 EBITDA 134.6 122.4 + 9.9 Depreciation and amortisation - 46.8 - 40.4 + 16.1
Slide 4: Results 1-9/2006: Turnover structure
Results 1-9/2006 Turnover structure Non-Aviation EUR 83.9 mill. Handling + 27.5% EUR 106.1 mill. + 8.9% 23.9 % 30.6 % Turnover structure excl. handling 45.5% Airport EUR 157.8 mill. 34.5 % 65.5 % + 10.9% 4
Slide 5: Operating expenses in detail
Results 1-9/2006 Operating expenses in detail Change in EUR mill. 1-9/2006 1-9/2005 In % Cost of materials and services 25.8 24.1 + 7.2 Personnel expenses 145.9 134.1 + 8.8 Other operating expenses 49.3 41.5 + 18.7 Operating expenses 221.0 199,8 + 9.7 EBT 5
Slide 6: Operating expenses in detail
Results 1-9/2006 Operating expenses in detail z Cost of materials and services - Long-distance heating, electricity + EUR 1.7 mill. z Personnel expenses - Increase in workforce + EUR 5.8 mill. ¾ Group 282 employees ¾ Thereof VIAS 231 employees - Collective bargaining agreements, overtime etc. + EUR
Slide 7: Financial Indicators
Results 1-9/2006 Financial Indicators 1-9/2006 1-9/2005 EBITDA margin in % 37.8 38.0 EBIT margin in % 24.7 25.5 Investments in tangible and intangible assets in EUR mill. 125.6 192.3 Traffic units per employee 4,716 4,490 (Flughafen Wien AG excl. VIAS) 7
Slide 8: Traffic 1-9/2006
Traffic 1-9/2006 Passengers: 12,837,409 (+ 6.4 %) Transfer passengers: 4,325,194 (+ 4.9 %) Flight movements: 179,289 (+ 2.6 %) MTOW ( in tonnes): 5,113,601 (+ 3.7 %) Cargo incl. trucking (in tonnes): 195,498 (+ 17.5 %) 8
Slide 9: Traffic 1-9/2006: Highlights for the first nine months
Traffic 1-9/2006 Highlights for the first nine months VIE traffic growth +6.4% Strong development in long-haul flights Far East +6.3% Near East +14.4% Flights to Eastern Europe + 7.2% Low-cost carriers +12.3% Cargo (incl. trucking) +17.5% 9
Slide 10: Passenger volume at selected airports
Passenger volume at selected airports Development of passenger volume at selected Europeaan airports, 3-year average Grow th in [2.HY 2003- 1.HY 2006, av. Passenger volume in mill., av. growth in %] % 20,00 15,1 11,7 7,8 7,7 7,5 6,7 10,00 6,6 6,3 6,3 6,3 6,1 5,7 5,4 4,5 4,3 4,2 4,2 4,1 3,9 3,6 3,4 3
Slide 11: Traffic 1-9/2006: Scheduled flights - passengers
Traffic 1-9/2006 Scheduled flights - passengers Change Share in % in % Europe 84.0 + 8.4 East: 16.2 + 7.2 West: 67.8 + 8.7 Far East 7.4 + 6.3 Middle East 4.1 + 14.4 North America 3.0 - 3.2 Other 1.5 - 6.7 Total 100.0 + 7.9 Scheduled flights represent 95.8% of total traffic. 11
Slide 12: Comparison of traffic to Eastern Europe
Traffic 1-9/2006 Comparison of traffic to Eastern Europe 22 – Destinations + Destinations + Density of frequencies LON + Density of frequencies PAR 20 18 MIL Density of frequencies 16 HEL 14 MUC VIE 12 Mean CPH AMS FRA BUD ZRH PRG 10 BRU BER FCO 8 BTS 6 – Destinations + Destinations – Density of fre
Slide 13: Comparison of Near East and Asia
Traffic 1-9/2006 Comparison of Near East and Asia 14 – Destinations + Destinations 13 + Density of frequencies + Density of frequencies LON 12 11 10 Density of frequencies 9 PAR 8 7 ZRH FRA BUD 6 AMS Mean 5 VIE MUC MIL PRG CPH 4 HEL BRU FCO 3 BER 2 BTS 1 – Destinations + Destinations – Density of fr
Slide 14: Traffic 1-10/2006: October Forecast
Traffic 1-10/2006 October Forecast 1-9/2006 1-10/2006 2006 2006 Passengers 12,837,409 1,512,048 14,349,457 Change in % + 6.4 + 6.7 + 6.4 6% MTOW (in tonnes) 5,113,601 592,162 5,705,763 Change in % + 3.7 + 4.4 + 3.8 3% Flight movements 179,289 20,811 200,100 Change in % + 2.6 + 4.2 + 2.7 2% Cargo inc
Slide 15: Strategy
Strategy z Utilise opportunities for growth ¾ Focus on Eastern Europe ¾ Transfer hub for Eastern Europe, Near and Far East ÎTariff measures Tariff formulas extended to 2009 Transfer incentives Cargo incentives ÎCapacity measures Ground handling (secured in part through long-term contracts)
Slide 16: Strategy
Strategy z Increase in non-aviation turnover - Construction of new letable objects Office Park Phase I Air Cargo Center Office Park Phase II Parking areas - Accelerated development of shops and gastronomy facilities Substantial increase in shopping and gastronomy space in new terminal 16
Slide 17: Tariffs in Comparison
Tariffs in Comparison Vienna International Airport offers its customers tariffs that are 4% below the European average. The index value for the prior year was 99%. Rank Airport Index 1 MAD 65% 2 GVA 71% 3 CPH 71% 4 BRU 73% Average 5 KLU 75% 6 ZRH 80% 7 BUD 84% 8 MXP 85% 9 MLA 87% 10 WAW 92% 11 PRG 9
Slide 18: Capital Expenditure 2006 - 2010
Capital Expenditure 2006 - 2010 EUR mill. GOALS Airport Skylink 351 - In budget and Aprons, taxiways 69 on time Other 36 - Highest possible TOTAL AIRPORT: 456 return Non Aviation Office Park Phase 2 38 Parking 18 Forwarding agent building 16 Other 5 TOTAL NON-AVIATION 77 TOTAL 533 18
Slide 19: Capital Expenditure 2006 - 2010
Capital Expenditure 2006 - 2010 in EUR mill. Airport and non-aviation investments 208 2006 - 2010: EUR 533 mill. 193 Plus maintenance and replacement investments of EUR 25 – 30 mill./year 106 26 0 2006 2007 2008 2009 2010 19
Slide 20: Expansion of Skylink Terminal
Expansion of Skylink Terminal Expansion of Skylink Terminal (capacity designed for 24 mill. passengers) 20
Slide 21: Expansion of Skylink Terminal
Expansion of Skylink Terminal Capacity: One-roof concept Check-in counters: 96 Aircraft parking positions: 17 Passenger flows separated Gates: 51 over various levels Baggage carousels: 10 Minimum connecting time: 25 minutes 21
Slide 22: Expansion of Skylink Terminal
Expansion of Skylink Terminal Dimensions: Terminal Length: 270m, width: 55m, height: 20m Pier Length: 450m, width: 33m, height: 20m Gross floor space: Terminal: 76,000m² Pier: 71,000m² Corridor network: 3,000m² Net floor space: Shops: 8,000m² Gastronomy: 4,700m² 22
Slide 23: Investment project: Malta
Investment project: Malta Passengers in 2005 Owners - 2.8 mill. - Government of Malta: 20.0% - Private investors: 29.9% - VIE through 100% subsidiary 10.1% - MMLC (thereof VIE: 57%) 40.0% in EUR mill. 2004/2005 Turnover 38.6 EBIT 13.8 Net profit for the period 7.5 EBITDA margin in % 43.6 EBIT ma
Slide 24: International Projects
International Projects Key data on the 66% privatisation of Košice z Acquisition price: SKK 900 mill. (~EUR 24 mill.) z Capital contribution: SKK 380 mill. (~EUR 10 mill.) z Investment program: SKK 415.6 mill. (~EUR 11 mill.) within the first five years Consortium: zFlughafen Wien Aktiengesellschaft
Slide 25: International Projects: Kosice Airport
International Projects Kosice Airport Total area: 3.4 km² 1 runway: - Runway 01/19: 3,100m 269,885 passengers in 2005 + 30% growth in first half of 2006 Crossroads between 4 countries: Poland – Ukraine – Hungary - Slovakia Gateway to High Tatra tourism region 25
Slide 26: Further information
Further information Robert Dusek Investor Relations Tel: 01/7007-23126 Fax: 01/7007-23058 E-mail: r.dusek@viennaairport.com VIE in the Internet: Flughafen Wien AG P.O. Box 1 www.viennaairport.com A-1300 Wien-Flughafen 26