Flughafen Wien Ag · VIE:FLU
Flughafen Wien — FY2015 Earnings Presentation
17 slides from Flughafen Wien's earnings presentation, January 2016
Slide 1: Traffic Results 2015 and Business Outlook for 2016
FLUGHAFEN WIEN AG Traffic Results 2015 and Business Outlook for 2016
Slide 2: 2015: New passenger record at Vienna Airport
2015: New passenger record at Vienna Airport ✈ All-time high passenger volume of 22.8 million (+1.3%) ✈ Effects of crisis in Eastern Europe more than compensated by growth in flight traffic to North America, Middle East and Far East Vienna Airport‘s long-haul strategy is successful! ✈ Vienna Airport
Slide 3: Traffic development of Vienna Airport in 2015
Traffic development of Vienna Airport in 2015 2015 2014 ∆ in % Passengers (in million) 22.78 22.48 +1.3 Local passengers (in million) 16.38 15.87 +3.2 Transfer passengers (in million) 6.30 6.53 -3.6 Flight movements (in 1,000) 226.81 230.78 -1.7 MTOW (in million of tonnes) 8.40 8.18 +2.6 Seat load f
Slide 4: 75 airlines with 181 destinations in 73 countries
75 airlines with 181 destinations in 73 countries Europe +0.4% thereof thereof Western Europe 86.6% Eastern Europe Growth due to non-network carriers +1.9% -5.3% such as easyJet but also airberlin Decline mainly to Russia, growth in the Ukraine and British Airways 69.7% 16.9% Far East North America
Slide 5: Country highlights in 2015
Country highlights in 2015 Total passengers, year-on-year change RUSSIA -26% BELARUS -11% UK +13% UKRAINE KAZAKHSTAN USA +9% -9% +13% PORTUGAL GREECE REPUBLIC OF +33% +9% IRAQ -28% CHINA KOREA MAROCCO IRAN +18% +31% +140% TUNESIA +17% -43% JORDAN -17% EGYPT +10% ETHIOPIA +89% 5
Slide 6: Strong passenger growth on long-haul routes since 2011
Strong passenger growth on long-haul routes since 2011 Western Europe +9.3% North America +56.9% Eastern Europe -3.5% Middle East Far East +3.8% Africa South America +1.0% +16.6% +391.1% Departed passengers, Europe in million, other regions in thousad 6
Slide 7: Shares of scheduled carriers
Shares of scheduled carriers 2015 Share in % Passengers PAX ∆% vs.2014 1. Austrian 45.6 10,388,250 -3.1 2. NIKI 10.6 2,411,068 -2.9 3. airberlin 6.4 1,463,938 4.5 4. Lufthansa 3.9 898,358 -15.9 5. germanwings & Eurowings 3.9 881,770 23.7 6. Turkish Airlines 2.1 486,764 -2.0 7. British Airways 2.0 45
Slide 8: New Routes/Flight Service Cancelled in 2016
New Routes/Flight Service Cancelled in 2016 ✈ Austrian Airlines ✈ easyJet New: Shanghai, Isfahan, Bari, New: Edinburgh, Naples, Frequency Havana (starting in the autumn) increases to Amsterdam, Berlin- Terminated: Baku, Kharkov, Dubai, Schönefeld, London-Luton Palma, Rostov, seasonal stop: Terminate
Slide 9: Traffic forecasts for 2016
Traffic forecasts for 2016 2015 2016 forecast Passengers 22.8 million 0% to +2% Flight movements 226,811 -1% to 0% ✈ Crises continue – Pressure remains perceptible on Vienna Airport as CEE flight hub – Ticket tax is competitive disadvantage ✈ Slightly optimistic outlook for passenger volume in t
Slide 10: In the top 10: Vienna Airport is a 4-Star Airport
In the top 10: Vienna Airport is a 4-Star Airport ✈Our service initiative is internationally acclaimed ✈Two awards from Skytrax in 2015: “4-Star Airport“ and “Best Airport Staff Europe“ ✈Vienna Airport in good company: Only 10 European airports boast a 4-Star rating (AMS, BCN, CPH, DUS, FRA, LHR, CD
Slide 11: Corporate Development and Financial Guidance for 2016
CORPORATE DEVELOPMENT AND FINANCIAL GUIDANCE FOR 2016
Slide 12: Optimism for 2016: Continuation of sustainably positive business development expected
Optimism for 2016: Continuation of sustainably positive business development expected Improvements in all dimensions of a sustainable corporate development: ✈Profitability – Productivity increase to the same level as the very best, and successful debt reduction ✈Quality – High customer satisfaction
Slide 13: Expectations for 2016
Expectations for 2016 ✈Further increase in revenue, EBITDA and net profit ✈Ongoing debt reduction ✈Higher dividends for 2015 thanks to improved earnings ✈Higher level of investments of about € 95 million (e.g. runway renovation, expansion of Air Cargo Center, energy supply/photovoltaics etc.) ✈New b
Slide 14: Successful location development – The Airport City continues to grow
Successful location development – The Airport City continues to grow ✈Successful site marketing: Five new companies with over 500 employees set up business operations at the airport site (Makita, Cargo Partner, Kühne + Nagel, Eurowings, EVA Air) ✈Further expansion of service offering: Fitness center
Slide 15: Share price development since January 2012
Share price development since January 2012: +180%, market capitalization over € 1.7 billion 325 300 +180% 275 250 Indexed to 100 225 200 +81% 175 150 125 +1% 100 75 FWAG ATX Benchmark (FRA, ADP, ZRH) Average Share price development from Jan. 1, 2012 to January 15, 2016 15
Slide 16: Outlook 2016 – Targeted earnings improvement
Outlook 2016 – Targeted earnings improvement Outlook 2016 (Targets 2015) Revenue > € 675 million (> € 650 million) EBITDA > € 280 million (> € 260 million) Net profit ≥ € 105 million (> € 95 million) Net debt ≤ € 400 million (≤ € 500 million) CAPEX ~ € 95 million (~ € 65 million) 16
Slide 17: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 17