October 2023

Flughafen Wien

Investor Presentation

1

PAX Vienna Airport

2019: 31.7 mn

2022: 23.7 mn

2023e: approx. 28.5 mn

PAX Flughafen Wien Group

(incl. Malta Airport, Kosice) 2019: 39.5 mn

2022: 30.1 mn

2023e: approx. 36.5 mn

Revenue

2019: € 858 mn

2022: € 693 mn

2023e: significantly >€ 830 mn

EBITDA

2019: € 385 mn

Flughafen Wien AG: company profile

  • Vienna Airport, Europe's 17th largest airport with 31.7 million PAX in 2019 (#18 in 2022 with 23.7 million PAX), is run by Flughafen Wien AG
  • Lufthansa hub, home carrier Austrian Airlines (approx. 45% market share)
  • Strong growth of low-costcarriers in recent years (approx. 30% market share)
  • Focus on intra-European routes, important transfer hub to Central/Eastern European destinations (Austrian Airlines serves several SEE destinations exclusively), attractive long-haulroutes
  • Large catchment area (Eastern Austria as well as Czech Republic, Slovakia and Hungary)
  • Non-aviationgrowth thanks to the terminal expansion and development of the AirportCity

6.6%

City of Vienna

2022: € 296 mn

2023e: significantly >€ 325 mn

MCAP: € 4.3 bn

ISIN: AT00000VIE62

Bloomberg: FLU AV

Reuters: VIEV.VI

Prim. listing: Vienna Stock

Exchange

20.0%

43.4%20.0%

10.0%

Lower Austria

Employee foundation

IFM

Free float

2

Investment

Case

GrowthProfitability

Flughafen Wien share

Dividend VIE-destination

QualitySustainability

3

Growth

Profitability

Dividend policy

VIE-destination

Quality

Sustainability

  • Trend growth - gradual increase in flight traffic & post-Covid recovery
  • Non-aviation - expansion of retail & gastronomy, development of the AirportCity
  • Rise in the EBITDA margin: 31-32% in 2010-11 vs. approx. 44-45%in 2018-19
  • Ownership of extensive properties and buildings required for operations
  • Complete elimination of net debt, net liquidity of € 246 million in H1/23
  • Rise in the payout ratio announced as of FY 2023
  • Incoming traffic: city tourism and congress hotspot, Vienna as a headquarters city
  • Outgoing: prosperous Vienna Region, far-reaching catchment area
  • Second most punctual European hub in 2022; many awards
  • Strengthens the relative position of the home carrier Austrian Airlines within LHG
  • CO₂-neutraloperations of Vienna Airport since the start of 2023, net zero by 2033
  • Renewable energies cover about 50% of consumption

4

Long-term sustainable

PAX growth

Trend growth and quick recovery after downturns

Growth of Vienna Airport is stronger than in Europe as a whole

PAX European airports (millions)1

3.000

CAGR

2000-2019

2.500

4,7%

2.000

1.500

1.000

500

-

2000 2003 2006 2009 2012 2015 2018 2021

  • Sustainably consistent PAX trend growth in 2000-2019
  • CAGR 2000-2019 of 4.7%
  • Rapid recovery after downturns (z.B. 9/11, SARS, 2008/09, Covid-19)
  • Currently approx. 93% of the pre-Covid volume has been reached
    1. Source: Airports Council International - Europe (ACI EUROPE

PAX Vienna Airport (millions)

30,0

CAGR

25,0 2000-2019

5,3%

20,0

15,0

10,0

5,0

-

2000 2003 2006 2009 2012 2015 2018 2021

  • PAX growth at Vienna Airport is above the European average in 2000-19
  • Attractiveness of Vienna as a destination, prosperous catchment area, growth of low-costcarriers
  • Local passengers grew more strongly than transfer traffic

5

Attachments

Disclaimer

Flughafen Wien AG published this content on 10 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2023 13:48:25 UTC.