flughafen wien ag
TRANSCRIPT
FLUGHAFEN WIEN AGTraffic Results for 2013 andOutlook for the Company in 2014
Difficult international environment
✈Difficult operating environment for the European aviation industry – higher costs and competitive pressure on the airlines and airports
✈Challenging economic situation, high fuel costs
✈Network carriers under pressure due to strong competition from the Gulf States and steady growth by the low-cost carriers
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2013: Influenced by challenges
2013: Influenced by challenges
Traffic development at Vienna Airport in 2013 negatively influenced by special factors
✈Numerous flight cancellations throughout Europe due to the severe winter with heavy snowfall as well as strikes in Germany
✈Capacity reduction by the airlines & cabin renovation for Austrian‘s long-haul fleet
✈Turbulence in North Africa and the Middle East
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Traffic development at Vienna Airport in 2013
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Development of passenger traffic in investments: Malta: +10.5%, Friedrichshafen: -1.7%, Kosice: +0.6%
Ø Passenger traffic at EU airports acc. to ACI : +0.8 % (Jan.-Nov. 2013)
2013 2012 ∆ in %Passengers (in mill.) 22.00 22.17 -0.7
Local passengers (in mill.) 15.18 15.08 +0.7Transfer passengers (in mill.) 6.79 7.05 -3.7
Flight movements (in 1,000) 231.18 244.65 -5.5MTOW (in mill. tonnes) 7.91 8.13 -2.6Seat occupancy (in per cent) 74.8 73.0 +1.9%pCargo incl. trucking (in 1,000 tonnes) 256.19 252.28 +1.6
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2012 20122013 2013
1st half-year 2nd half-year
131,061
Clear trend reversal in cargo area (in tonnes)
2013 versus 2012 +10% in 2nd half-year
122,872 121,216133,322
-1.7% -1.8%
-0.1%
+0.5%
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
2013 versus 2012
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1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Positiver trend in PAX development
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Increase in aircraft size and occupancy
2009 2010 2011 2012 2013
111
76
97
130
68.7%
74.8%
71 airlines with 177 destinationsin 69 countries
Values 2013 / change vs. 2012
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-0.2%
88.3%
Europe
+0.6%
68.6%
thereofWest E.
Change in passenger traffic vs. prior year
Share of passengers
South America
+36.7%
0.1%Growth to Varadero
Middle East
-3.5%
4.8%
Decline to TeheranDecline to Dubai due to Austrian fleetrefitting
Far EastDecline in movements to Chelyabinsk, MumbaiPax decline to Delhi, Mumbai, Tokyo
-5.6%
3.3%
North America
Strong growth due to Chicago connection
+10.0%
2.1%
Africa
Declines due to crisis in Egypt-17.1%
1.4%
thereof East E.
Network reductions in flights to Sofia, Bucharest, Timisoara, Belgrad Growth to Moscow and St. Petersburg19.7%
-2.7%
1) Including Brussels Airlines, SunExpress, British Midland (up to 2012) and Air Dolomiti
Share of passengers by airline
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2013 2012 ∆ in %Share in % Share in % PAX ∆ in %
Austrian Airlines Group 49.1 49.5 -1.6
Lufthansa 5.5 5.5 -0.2
Germanwings 2.7 2.2 +19.8
Swiss Intl. 1.7 1.5 +7.6
LH Group total 1) 60.5 60.8 -1.1
NIKI 11.0 12.0 -9.5
airberlin 6.1 6.3 -2.9
HG/AB Group total 17.1 18.3 -7.2
Turkish Airlines 2.3 1.7 +35.1
British Airways 1.8 1.7 +6.9
Emirates 1.6 1.5 +5.1
KLM Royal Dutch Airlines 1.3 1.2 +10.1
Other 15.4 14.9 +2.6
TRAFFIC FORECAST FOR 2014
Positive outlook
✈ Austrian Airlines: Start of flights to Newark, resumption of flights to Teheran, increase in flights to Chicago, Frankfurt, London
✈ NIKI: Start of flights to Madrid, Malta, Larnaca, increase in flights to Rome and destinations in Greece
✈ Furthermore: New: Manchester (Jet2.com), Algiers (Air Algérie) Increase: Lisbon (TAP), London (British Airways), China Southern
Cargo, Korean Air nonstop to Seoul and many more
✈ Introduced in Q4/2013: New: Milan LIN (Alitalia), Bremen (Germania), Mombasa (Condor)
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2013 Forecast 2014
Passengers 22 mill. +1% to +3%
Flight movements 231,000 -1% to + 1%
Positive traffic forecasts for 2014
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DEVELOPMENT OF BUSINESS IN 2013 AND FINANCIAL GUIDANCE FOR 2014
Significant progress in all areas of the company during 2013✈Despite slight decline in passenger traffic, significant improvement
in the company‘s economic position – clear increase in productivity, sustainable reduction in operating, financing and personnel costs
✈Costs for Check-in 3 approx. € 100 million lower than budgeted –instead of € 830 million, now approx. € 725 million – which allowed for a further reduction in debt
✈Another major factor for the cost reduction is the steady pursuit of claims for damages: arbitration court awards FWAG € 16.7 million; in total, over € 30 million received as compensation for damages
✈After “digesting” the costs for Check-in 3, the focus will return to growth and the improvement of earnings
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Approx. € 110 million of investments planned for 2014 – Vienna Airport on the way to Airport City✈Increased focus on location marketing and real estate strategy
in 2014 – addition of new services
✈Expansion of hotel offering: nearly 60 firms interested in tender for new hotel – decision in next quarter
✈Expansion of conference offering planned. Next step: renovation/expansion of office portfolio to meet market needs
✈Completion of renovation on forwarding agent building and construction of new cargo positions – improvement in cargo offering
✈Construction of new maintenance hangar (>500 m²)
✈Completion of new Austrian Railways long-distance rail station
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Share price development since 1.1.2012 –investors‘ confidence returns – VIE as best performer in peer comparison
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FWAG FRAPORT AEROPORT DE PARIS FLUGHAFEN ZÜRICH
+109%
+58%+64%
+47%
Inde
xed
to10
0
Share price development from 1.1.2012 to 17.1.2014
Outlook on 2014
Revenue > € 630 million
EBITDA > € 240 million
Net profit > € 75 million
Net debt < € 600 million
CAPEX Approx. € 110 million
Optimistic outlook on 2014
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THANK YOU FOR YOUR ATTENTION
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