Flughafen Wien : Presentation of the Results for the First Nine Months of 2022

FLUGHAFEN WIEN AG

Q1-3/2022 Results

17/11/2022

Q1-3/2022: Significant passenger and earnings increase vs. 2021

• Q1-3/2022rise in passenger volume to 22.3 million (+163.6%) in the Group, already about three-quarters of the pre-crisis level
• Considerable improvement of financial performance indicators: revenue up 85.1%, EBITDA increase of 140.1%, net profit for the period before non- controlling interests already in the three-digit million euro range at € 109.3 million
• Guidance for 2022:

The Flughafen Wien Group expects around 29 million passengers throughout the Group and around 23 million passengers at the Vienna site. This will result in a further improvement in annual profit to € 115 million.

Based on this positive earnings performance, the Management Board is confirming its plan to propose to the Annual General Meeting for the 2022 financial year that a dividend of at least 60% of the net profit after non-controlling interests be paid.

The current guidance is based on the assumption that there will be no pandemic-related

lockdowns or far-reaching travel restrictions in the autumn and winter. Another continuing uncertainty factor is the further development of the war in Ukraine and its effects on aviation, which are currently unforeseeable.

2

85% revenue increase compared to the previous year, sharp rise in earnings

€ million	Q1-3/2022	Q1-3/2021	in %
Revenue	508.0	274.5	85.1
Earnings before interest, tax, depreciation	256.0	106.6	140.1
and amortization (EBITDA)
Earnings before interest and taxes (EBIT)	156.9	6.9	n.a.
Financial results	-6.8	-7.1	3.9
Earnings before tax (EBT)	150.1	-0.2	n.a.
Net profit for the period	109.3	-0.1	n.a.
Net profit for the period after non-	97.8	-1.5	n.a.
controlling interests

• 85% rise in revenue compared to the prior-year period.
• Net profit for the period already in the three-digit million euro range after nine months due to the good business development.

3

Expenses increase but at a lower rate than revenue growth

• Expenses for consumables and services used above the prior-year level (+53.8%).
• Personnel expenses up 40.8%, which is mainly attributable to lower government aid for short-time work.

€ million	Q1-3/2022	Q1-3/2021	in %
Consumables and	-29.3	-19.1	53.8
services used
Personnel expenses	-185.5	-131.8	40.8
Other operating	-63.4	-29.9	111.6
expenses1
Impairment/
impairment reversals	3.7	-0.3	n.a.
on receivables
Depreciation and	-99.1	-99.7	-0.6
amortisation

• Other expenses1 rose by 111.6% for operational reasons.
• 0.6% decline in depreciation and amortisation.

4

1) Excl. impairment reversals/impairment on receivables

Net liquidity of € 61.7 million achieved, CAPEX at a low level, higher equity

	Q1-3/2022	Q1-3/2021	in %
Net liqudity (€ million)1	61.7	-150.4	n.a.
Gearing (%)1	n.a.	11.4	n.a.
Cash flow from operating activities (€	234.6	43.1	n.a.
million)
Free cash flow (€ million)	-13.0	21.4	n.a.
CAPEX (€ million)2	38.0	30.3	25.1
Equity (€ million)1	1,431.6	1,314.5	8.9
Equity ratio (%)1	65.7	63.4	n.a.

• Net liquidity of € 61.7 million achieved.
• Clearly positive cash flow from operating activities but negative free cash flow due to payments for new time deposits.
• CAPEX at a low level, equity increase to € 1.4 billion.

5	1)	Comparison of 30/9/2022 to 31/12/2021; net debt on 31/12/2021
2)	CAPEX excluding financial assets and business combinations