Analyst Presentation I November 2021
3Q21
Dr. Stefan Schulte, CEO I Prof. Dr. Matthias Zieschang, CFO
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2 | 3Q21 Analyst Presentation l November 2021 |
9M21 Financials
Solid EBITDA Performance as Revenue Increases & Opex Declines
EUR mn | Total Revenue1 | |
+41% | ||
[+13%]2 | 1,700 | |
1,206 | ||
3332 | ||
1,367 | ||
9M20 | 9M21 |
EBITDA >100%
[>100%] | 624 | |||
3332 | ||||
52 3 | ||||
291 | ||||
9M20 | 9M21 | |||
-228 |
Opex1
-25% | ||
1,434 | [-7%] | 3 |
1,076 | ||
280 | 3 | |
1,154 | ||
9M20 | 9M21 |
Profit after Minorities
9M20 | 9M21 | |||
>100% | 97 | |||
9M20 | 9M21 |
-515
- Frankfurt and International Activities with revenue increases (with or w/o one-offs)
- Opex Improvement on reported and underlying basis
- Stronger increase in EBITDA than in revenue
- 9M Profit back in black
3 | 3Q21 Analyst Presentation l November 2021 |
1 Adjusted for IFRIC 12 ² Taking account of EUR c.333mn special effects. An overview is presented in the Appendix. "[ mn]" figures correspond to numbers excl. those items. 3 Adjusted for EUR 279.5mn staff provision booked in 3Q 2020
3Q21 Financials
Underlying EBITDA at 59% of pre-COVID Level
EUR mn | Total Revenue1 | |
+85% | ||
[+77%]2 | 682 | |
368 | 30 2 | |
652 | ||
3Q20 | 3Q21 |
EBITDA
>100% 289
[>100%] 302
29 3 | 259 | |
3Q20 | 3Q21 |
-250
Opex1
-36% | 3 | |
618 | [+17%] | |
3 | 394 | |
280 | ||
338 | ||
3Q20 | 3Q21 |
Profit after Minorities
9M20 | 9M21 | |||||
>100% | 77 | |||||
3Q20 | 3Q21 |
-304 | |
- Frankfurt and International Activities with revenue increases (with or w/o one-offs)
- Opex increase disproportionately low compared to revenue
- Intl. Activities underlying EBITDA at 77% of pre-COVID EBITDA, Frankfurt at 44%, cumulated: 59%
- Positive net result with or w/o one-offs
4 | 3Q21 Analyst Presentation l November 2021 |
1 Adjusted for IFRIC 12 ² Taking account of EUR c.30mn special effects. An overview is presented in the Appendix. "[ mn]" figures correspond to numbers excl. those items. 3 Adjusted for EUR 279.5mn staff provision booked in 3Q 2020
Passenger Review
Sequential 3Q21 Improvement
9M Passenger Performances | 3Q Passenger Performances | ||||||||||||||||||||||||||||||||||||||||
Sequential 3Q Improvement | |||||||||||||||||||||||||||||||||||||||||
-2% | +30% | +92% | +21% | +85% | +2% | >100 | +65% | +20% | vs.20 | >100 | >100 | >100 | >100 | >100 | >100 | >100 | +51% | -26% | |||||||||||||||||||||||
-71% | -61% | -47% | -50% | -63% | -81% | -44% | -11% | -27% | vs.19 | -55% | -49% | -25% | -34% | -55% | -65% | -24% | -5% | -40% | |||||||||||||||||||||||
54.2 |
9M19 | 9M20 | 9M21 | 35.6 | |||||||||||
26.2 | 29.1 | 26.1 | ||||||||||||
21.9 | ||||||||||||||
16.2 | 17.6 | 16.2 | ||||||||||||
15.8 | 13.9 | 15.2 | 13.5 | |||||||||||
11.4 | ||||||||||||||
5.47.0 | 7.3 | 4.75.7 | 7.1 | 8.2 | ||||||||||
4.6 | ||||||||||||||
0.91.7 | 1.50.30.3 | |||||||||||||
Frankfurt | Lima Greece | Brazil | Bulgaria | Ljubljana Antalya | St. | Xi'An | ||||||||
Petersburg |
20.5 | 3Q19 | 3Q20 | 3Q21 | |||||||||||
15.3 | 15.9 | |||||||||||||
11.5 | 12.0 | 12.7 | ||||||||||||
10.4 | ||||||||||||||
9.3 | ||||||||||||||
7.7 | ||||||||||||||
6.3 | 6.4 | 6.0 | ||||||||||||
5.5 | 4.6 | |||||||||||||
4.0 | 3.9 | 4.0 | ||||||||||||
3.2 | 3.2 | |||||||||||||
2.5 | ||||||||||||||
0.3 | 0.9 | 0.71.4 | 0.60.10.2 | |||||||||||
Frankfurt | Lima Greece | Brazil | Bulgaria | Ljubljana Antalya | St. | Xi'An | ||||||||
Petersburg |
5 | 3Q21 Analyst Presentation l November 2021 |
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Fraport AG published this content on 05 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 December 2022 14:01:02 UTC.