Vienna International Airport Presentation to Investors International Investors Conference Kitzbühel, January 20-22, 2007 22. August 2006 Herbert Kaufmann CEO and Speaker of the Board Flughafen Wien AG
Facts & Activities 18.8 m passengers in 2007 Share of transfer traffic in 2007: 31.9% Vienna Airport plc Privatised in 1992 Ownership structure since 2001: 20% City of Vienna 20% Province of Lower Austria 60% free float, thereof 10% employee trust Excellent location as gateway to East European countries Full-service airport provider (incl. ground handling) Working environment: Approx. 4,050 employees in the Flughafen Wien Group High dividend yield
Traffic highlights Passenger traffic 2007 + 11.3% above European average (+ 5.6%*) Strong development in traffic to Middle East + 18.5% Flights to Eastern Europe +24.8% Low-cost carriers + 57.2% 20 mill. passengers expected in 2008 (instead of original forecast for 2010) * Source: ACI (January - November 2007)
Results for 1-9/2007 Revenue 1-9/2007: EUR 377.9 million + 8.9% EBITDA 1-9/2007: EUR 152.1 million + 13.0% EBIT 1-9/2007: EUR 101.6 million + 15.8% Net profit 1-9/2007: EUR 74.5 million + 13.0% after minority interest
Results for 1-9/2007 Revenue structure Handling EUR 108.9 mill. + 2.7% 28.8% 25.6% Non - Aviation EUR 96.5 mill. + 16.2% Revenue structure excl. Handling 35.9% 64.1% 45.6% Airport EUR 172.4 mill. + 9.3%
Strategy Airport Segment Goal: growth of 1% above European average Focus on Eastern Europe, transfer hub and low-cost carriers Tariffs and incentives Capacity measures Handling Segment Goal: safeguard market share and quality standards Non-Aviation Segment Goal: significant increase in shops and gastronomy Real estate development Increase in parking revenue Security services
Strategy Airport Segment Focus on Eastern Europe, transfer hub and low-cost carriers Key gateway to Eastern Europe (+24.8% in passengers during 2007) High share of transfers (31.9%) Low-cost carriers: 18.7% share of passenger volume Marketing activities Increased international marketing activities, above all for airlines in Eastern Europe and Middle East New airlines in 2007: Delta Air Lines, Air Europe, Sky Europe, KD Avia, Air Transat, Saudi Arabian Airlines, Clickair, Estonian Air, Air One, Easy Jet
Tariffs in Comparison* Continuation of incentive programme 1 2 MAD CPH 3 GVA 4 ZRH 5 KLU 6 BRU 7 MLA 8 PRG 9 MXP 10 VIE 11 BUD 12 WAW 13 TXL 14 STR - Average 15 SZG 16 MUC 17 AMS 18 DUS 19 GRZ 20 CGN 21 BTS 22 KSC 23 LNZ 24 HAJ 25 INN 26 HAM 27 FRA 28 ATH 29 CDG 30 LHR *Flights to all regions - all airlines - excl. security Durchschnitt 63% 70% 71% 74% 77% 78% 83% 83% 85% 95% 95% 97% 98% 99% 100% 102% 103% 104% 105% 105% 106% 106% 107% 112% 113% 117% 120% 120% 133% 137% 143% 250 pro Turnaround 0 250 500 750 1,000 1,250 1,500 1,750 2,000 2,250 2 Note: VIE growth and transfer incentives were deducted from the landing tariff because these measures benefit the airlines. Legend: Landing tariff Infrastructure tariff Parking tariff Passenger tariff
Development of Tariffs 2007/2008 Changes as of 1.1.2007 1.38% decrease in the landing charge for pax-flights No change in the passenger service charge and landside infrastructure charge 2.02% decrease in the infrastructure charge for fuelling Changes as of 1.1.2008 0.09% decrease in the landing charge, parking fee and airside infrastructure charge 1.04% decrease in the passenger service charge and landside infrastructure charge 1.06% increase in the infrastructure charge for fuelling
Strategy Handling Segment Hold key customers over the mid-term Korean up to 12/2010 Delta Air Lines up to 5/2010 Sky Europe up to 12/2009 Austrian up to 12/2009 Eva Air up to 2/2009 China Airlines up to 12/2009 Qatar up to 12/2009 Market share for first nine months 2007: 88.9%
Strategy Non - Aviation Segment Skylink Terminal: Substantial increase in gastronomy and shop space beginning in 2009 Start of tender process for 52 retail shops. Space in 2006 Reduction in space as of 2009 Additional space in Skylink Total space as of 2009 Shopping / Gastronomy 11,200 m 2 3,500 m 2 12,000 m 2 19,700 m 2 Office Park II completion in July 2007 Office Park III acquisition of World Trade Center in 2007
Strategy Non - Aviation Segment Parking: Current status: 15,400 parking spaces thereof 8,000 in car parks Plus 5,000 spaces in Mazur parking lot (off airport) Expansion: 2,200 parking spaces in car park 4 (beginning in mid-2008) Vienna International Airport Security Services GesmbH Increased security controls support growth in revenue
Traffic Results 2007 Passengers: 18,768,468 (+11.3%) Transfer passengers: 5,991,884 (+5.6%) Flight movements: 254,870 (+7.3%) MTOW (in tonnes): 7,347,754 (+8.6%) Cargo incl. trucking (in tonnes): 272,362 (+2.5%)
Number of passengers at selected airports in Europe 12 11.3 10 8 6 4 2 0 7.3 6.3 5.3 5.6* 4.9 2005 2006 2007 Vienna International Airport European average (selected airports) Source: ACI Airports Council International Europe 11/2007
Traffic Results 2007 Scheduled Traffic Passengers Europe total + 16.0% North America + 15.2% 2.9% Western Europe + 13.8% 67.9% 85.8% Eastern Europe + 24.8% 17.9% Middle East Far East + 18.5% - 17.3% 4.3% 5.6% Others + 11.0% 1.4% Change vs. 2006 Share of total passengers
Traffic Results 2007 Airlines share of passengers % 2007 2006 Austrian Airlines Group 52.6 57.0 Air Berlin 6.7 6.3 Niki 5.5 4.5 Lufthansa 5.3 5.6 Skyeurope Airlines 3.4 0.0 Germanwings 2.5 2.1 British Airways 1.8 2.1 Swiss Intl. 1.7 1.8 Air France 1.6 1.8 KLM 1.2 1.4 Others 17.7 17.4
Traffic Results 2007 Comparison of Eastern Europe destinations and frequencies - summer 2007
Traffic Results 2007 New airlines Scheduled airlines 2007: 68 (2006: 64) New destinations Scheduled destinations 2007: 192 (2006: 178)
Traffic Results 2007 Comparison - Punctuality at European Hubs Departures delayed more than 15 minutes Delayed aircraft (more than 15 min) in % Vienna International Airport 18.3 Amsterdam 21.4 Zurich 21.4 Frankfurt 22.1 Munich 22.6 Milan Malpensa 23.3 Copenhagen 24.1 Rome 26.8 Paris CDG 29.3 London Heathrow 38.9 Source: AEA 3rd quarter 2007
Forecast 2008 Passengers + 8.0% MTOW + 6.0% Flight movements + 6.0%
Long-Term Forecast Number of passengers at Vienna International Airport 2000-2015 35 Average growth rate 2009-2010: ~ 6.0% PAX in mill. 30 25 20 Average growth rate 2011-2015: ~ 5.3% 28.0 26.6 25.3 24.0 22.8 21.5 20.3 18.8 16.9 14.8 15.9 Forecast 2008: + 8.0% 29.5 15 11.9 11.9 12.0 12.8 10 2007: + 11.3% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
International Investments Friedrichshafen Kosice Malta
International Investments Kosice Airport Second largest airport in Slovakia 66% stake held by TwoOne Consortium since 25 October 2006 Location near borders of: Poland Ukraine Hungary - Slovakia 443,448 passengers 2007 (+ 29,0%) 343,818 passengers in 2006 Investment programme: ~EUR 11 mill.
International Investments and Projects Malta Airport Passengers 2007 2,974,582 (+9.8%) Passengers 2006 2,709,280 Owners Government of Malta: 20.0% Private investors: 29.9% VIE through 100% subsidiary 10.1% MMLC (thereof VIE: 57%) 40.0%
International Investments and Projects Friedrichshafen Airport Flughafen Wien AG is the largest single shareholder with stake of 25.15% Located near borders of: Germany Austria Switzerland 655,689 passengers in 2007 (- 0.3%) 657,749 passengers in 2006 Acquisition price: EUR 7.7 mill.
Vienna International Airport Presentation to Investors International Investors Conference Kitzbühel, January 20-22, 2007 22. August 2006 Herbert Kaufmann CEO and Speaker of the Board Flughafen Wien AG