EQS-News: Flughafen Wien AG: Flughafen Wien Group in Q1-3/2022: Upward trend continues for passenger volume, revenue and earnings

On 17. November 2022

EQS-News: Flughafen Wien AG / Key word(s): Quarter Results/9 Month figures
Flughafen Wien AG: Flughafen Wien Group in Q1-3/2022: Upward trend continues for
passenger volume, revenue and earnings

17.11.2022 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Flughafen Wien Group in Q1-3/2022: Upward trend continues for passenger volume,
revenue and earnings

• Q1-3/2022: Significant year-on-year improvement in the Group to 22.3 million
passengers – 17.4 million passengers at Vienna Airport
• Financial performance indicators for Q1-3/2022: 85.1% revenue increase to
€ 508.0 million, gratifying net profit for the period, already at € 109.3 million,
considerable improvement of EBITDA and EBIT
• October 2022: 3.1 million passengers in the Flughafen Wien Group – 2.4 million
passengers at Vienna Airport – 86% of the pre-crisis level of October 2019
• Green airport: CO₂ neutral operations as of January 2023 – Start of construction
work to double the photovoltaic area to about 45 hectares – massive expansion of
solar power generation

“Growth trend continues – significant increase in revenue and earnings”

“The renewed desire to travel continued once again in the third quarter of 2022.
Revenue and net profit rose considerably, and the company is almost debt-free before
it begins with new and large-scale investments. This will enable us to further invest
in climate protection, and construction work has already commenced on doubling our
solar power production on an area covering about 45 hectares in the future, the
largest such facility in Austria. Starting in January of 2023, Vienna Airport will
operate in a CO₂ neutral manner, making it one of Europe’s first green airports,” says
a pleased Günther Ofner, Member of the Management Board of Flughafen Wien AG.

“Passengers and airlines are returning – large offering of destinations in the summer”

“The autumn season is also proceeding well following a strong summer featuring
passenger volumes at close to 90% of the pre-crisis level. In October 2022 we
registered 2.4 million passengers at Vienna Airport in October 2022, compared to 2.8
million in October 2019. We have our operating business well under control thanks to
the enormous commitment of our employees. According to the latest OAG statistics,
Vienna Airport was Europe’s second most punctual flight hub in October 2022. Thanks to
our airport team we were named “Ground Handler of the Year” by the Payload Asia Awards
in recognition of the airport’s excellent handling performance. I am also optimistic
concerning the winter season. Numerous airlines are expanding their destination
offering in the 2022/23 winter flight schedule and long-haul flight service is also
bouncing back thanks to new or additional flight connections to Beijing, Taipei,
Seoul, Addis Ababa and other travel destinations,” states Julian Jäger, Member of the
Management Board of Flughafen Wien AG.

January to September 2022: 17.4 million passengers at Vienna Airport

Passenger volume at Vienna Airport rose considerably in the first nine months of 2022
compared to the coronavirus pandemic-related low level of passenger traffic in the
first three quarters of 2021. From January to September 2022, the Flughafen Wien Group
including the foreign strategic investments in Malta Airport and Kosice Airport
reported a year-on-year increase in passenger traffic of 163.6% to 22,280,971
passengers. The number of passengers handled by Vienna Airport was up to 17,429,774
travellers (+156.5%). The number of flight movements from January to September 2022
was up to 139,677 take-offs and landings. The average capacity utilisation of the
aircraft (seat load factor) in the first nine months of 2022 rose from 64.0% in the
prior-year period to 77.2% (vs. 77,5% in Q1-3/2019). Cargo volume (air cargo and
trucking) at Vienna Airport declined slightly by 1.0% year-on-year to 186,303 tonnes.
Malta Airport registered an increase to 4,405,132 travellers in Q1-3/2022 (+185.8%).
Kosice Airport also reported growth, handling 446,065 passengers (+284.3%).

Q1-3/2022: Revenue up 85.1% to € 508.0 million, improved net profit for the period to
€ 109.3 million

Revenue of the Flughafen Wien Group in Q1-3/2022 amounted to € 508.0 million,
comprising an increase of 85.1% from the previous year. EBITDA was up year-on-year to
€ 256.0 million and EBIT climbed to € 156.9 million. The net profit for the period
before non-controlling interests in Q1-3/2022 increased to € 109.3 million. Net
liquidity (prior-year period: net debt) amounted to € 61.7 million (31/12/2021: net
debt of € 150.4 million). The free cash flow in Q1-3/2022 equalled minus € 13.0
million (Q1-3/2021: plus € 21.4 million).

Revenue and earnings development of the segments

Q1-3/2022 revenue of the Airport Segment increased from the prior-year period to €
237.0 million, and segment EBIT improved to € 42.4 million. The Handling and Security
Services Segment registered a rise in revenue to € 91.8 million, with the segment’s
EBIT up to € 4.5 million. This segment also includes the security services of VIAS as
well as the handling services provided by Vienna Aircraft Handling (VAH) and Vienna
Passenger Handling Services (VPHS). The Retail & Properties Segment reported a rise in
revenue to € 98.2 million in Q1-3/2022, comprising an increase of 77.0% year-on-year.
EBIT of this segment improved to € 52.9 million. Revenue of the Malta Segment was up
to € 66.5 million in Q1-3/2022, whereas segment EBIT totalled € 33.6 million. Revenue
of the Other Segments equalled € 14.4 million in Q1-3/2022 and segment EBIT amounted
to € 23.6 million.

Capital expenditure

In the first nine months of 2022, a total of € 38.0 million (Q1-3/2021. € 30.3
million) was invested in intangible assets and property, plant and equipment as well
as investment property or paid as advance payments. The largest investment projects at
Vienna Airport included € 6.2 million for adaptations to the exit/entry system in the
terminal, € 4.5 million for photovoltaic facilities and € 2.1 million for the sorter
in Terminal 3. A total of € 9.2 million was invested at Malta Airport in the first
three quarters of 2022.

Guidance for 2022

The Flughafen Wien Group expects approx. 29 million passengers in the Group and about
23 million travellers at Vienna Airport in the entire year 2022. In turn, this will
lead to a further improvement in the net profit for the year to € 115 million. The
dividend guidance is confirmed based on this positive earnings development.
Accordingly, the Management Board plans to propose that the Annual General Meeting
approve a dividend of at least 60% of the Group net profit after non-controlling
interests for the 2022 financial year. The current guidance is based on the assumption
that there will be no pandemic-related lockdowns or massive travel restrictions in the
fall and winter seasons. The further, unpredictable course of the war in Ukraine and
its impacts on flight traffic continue to be a further reason for uncertainty.

October 2022 traffic results: Upward trend also continues in the fall travel season

Flughafen Wien Group: 3.1 million passengers in October 2022

In October 2022, the Flughafen Wien Group (Vienna Airport, Malta Airport and Kosice
Airport) reported a total of 3,073,523 travellers (+52.2% vs. October 2021). This only
represents a decline of 14.3% from the pre-crisis level of October 2019.

Vienna Airport: 2.4 million passengers in October 2022

Passenger volume at Vienna Airport in the month of October 2022 also showed a strong
improvement compared to the previous year, with the number of passengers up to a total
of 2,445,801 travellers (+55.5%). Accordingly, passenger volume in October 2022 was
only down 14.1% from the pre-crisis level of October 2019.

Traffic results in detail

The number of local passengers at Vienna Airport in October 2022 increased
year-on-year to 1,781,842 (+44.9%), whereas the number of transfer passengers rose to
657,888 (+93.5%). Flight movements were up to 18,608 in October 2022 (+28.0%). The air
cargo business reported 22,598 tonnes, down only 8.4% from October 2021.

The total number of passengers at Vienna Airport flying to destinations in Western
Europe in October 2022 climbed to 845,202 (+46.2% vs. October 2021), whereas Eastern
European traffic rose to 202,849 passengers (+53.9%). Passenger traffic to North
America was up from the prior-year level to 44,498 (+168.4%), and the number of
passengers flying to Africa increased to 29,103 (+123.7%). Passenger volumes to the
Middle East rose to 77,236 travellers (+92.0% vs. October 2021), and the number of
passengers flying to Far Eastern destinations climbed to 26,358 in October 2022
(+>500%).

Malta Airport reported an increase in passenger volume in the month of October 2022 to
590,278 (+37.8%), whereas the total number of passengers handled by Kosice Airport
rose to 37,444 (+106.1%).

Details on traffic results can be found in the table below

Disclaimer

All statements made in this press release that refer to future developments of
Flughafen Wien AG/Flughafen-Wien-Group are based on current assumptions and forecasts
of the management. If the premises for these forecasts do not occur or risks indicated
in the risk report arise, actual results may vary from these estimates. Despite the
utmost care, all forward-looking statements are therefore made without guarantee and
Flughafen Wien AG/Flughafen-Wien-Group assumes no obligation to update these
forward-looking statements or to conform them to future events or developments.

Traffic Development October 2022

Vienna Airport (VIE)

10/2022 10/2021 10/2019 01-10/2022 Diff. % Diff. %
2021 2019
Passengers arr+dep+transit 2,445,801 1,573,155 2,848,057 19,875,575 +137.5 -25.8
Local passengers arr+dep 1,781,842 1,230,000 2,107,842 14,814,172 +136.7 -27.6
Transfer passengers 657,888 340,028 733,498 4,997,158 +140.8 -19.5
arr+dep
Flight movements arr+dep 18,608 14,533 23,557 158,285 +80.9 -29.8
Cargo arr+dep (in tonnes) 22,598 24,678 26,646 208,901 -1.9 -10.9
MTOW (in tonnes) 772,550 598,021 964,699 6,596,817 +77.9 -28.2

Malta Airport (MLA, fully consolidated)

10/2022 10/2021 10/2019 01-10/2022 Diff. % Diff. %
2021 2019
Passengers arr+dep+transit 590,278 428,426 703,405 4,995,410 +153.6 -21.2
Local passengers arr+dep 589,187 427,787 697,615 4,987,561 +153.6 -20.8
Transfer passengers 1,076 632 5,790 7,812 +149.9 -79.9
arr+dep
Flight movements arr+dep 3,874 3,508 4,906 34,442 +79.6 -22.7
Cargo arr+dep (in tonnes) 1,654 1,301 1,610 13,650 +10.2 +2.7
MTOW (in tonnes) 151,728 133,703 187,378 1,330,512 +85.3 -21.5

Kosice Airport (KSC, consolidated at equity)

10/2022 10/2021 10/2019 01-10/2022 Diff. % Diff. %
2021 2019
Passengers arr+dep+transit 37,444 18,171 35,783 483,697 +260.3 -4.6
Local passengers arr+dep 37,444 18,171 35,783 483,509 +260.2 -4.6
Transfer passengers 0 0 0 0 n.a. n.a.
arr+dep
Flight movements arr+dep 339 174 425 3,940 +243.8 -26.2
Cargo arr+dep (in tonnes) 0 0 2 1 n.a. -97.7
MTOW (in tonnes) 10,270 5,945 9,944 130,662 +226.1 -5.7

Vienna Airport and strategic investments (VIE, MLA, KSC)

10/2022 10/2021 10/2019 01-10/2022 Diff. % Diff. %
2021 2019
Passengers arr+dep+transit 3,073,523 2,019,752 3,587,245 25,354,682 +142.1 -24.7
Local passengers arr+dep 2,408,473 1,675,958 2,841,240 20,285,242 +142.6 -25.6
Transfer passengers 658,964 340,660 739,288 5,004,970 +140.8 -19.9
arr+dep
Flight movements arr+dep 22,821 18,215 28,888 196,667 +82.4 -28.6
Cargo arr+dep (in tonnes) 24,252 25,979 28,259 222,551 -1.2 -10.2
MTOW (in tonnes) 934,548 737,669 1,162,021 8,057,991 +80.4 -26.9

Note: Total number of passengers includes local, transfer and transit passengers,
Traffic data adjusted.

Consolidated Income Statement

in € million Q1-3/2022 Q1-3/2021
Revenue 508.0 274.5
Other operating income 20.4 13.6
Operating income 528.4 288.1

Expenses for consumables and purchased services -29.3 -19.1
Personnel expenses -185.5 -131.8
Other operating expenses -63.4 -30.0
Impairment/reversals of impairments on receivables 3.7 -0.3
Pro rata result of companies recorded at equity 2.1 -0.4
Earnings before interest, taxes, depreciation and amortisation
(EBITDA) 256.0 106.6

Depreciation and amortisation -99.1 -99.7
Earnings before interest and taxes (EBIT) 156.9 6.9

Income from investments, excluding companies recorded at equity 0.4 0.5
Interest income 4.0 1.8
Interest expense -10.4 -9.5
Other financial result -0.9 0.1
Financial result -6.8 -7.1

Earnings before taxes (EBT) 150.1 -0.2

Income taxes -40.8 0.0
Net profit/loss for the period 109.3 -0.1

Thereof attributable to:
Equity holders of the parent 97.8 -1.5
Non-controlling interests 11.4 1.4

Earnings per share
(in €, basic = diluted) 1.17 -0.02

Balance Sheet Indicators

in € million 30.9.2022 31.12.2021
ASSETS:
Non-current assets 1,712.4 1,761.3
Current assets 465.7 312.5

LIABILITIES:
Equity 1,431.6 1,314.5
Non-current liabilities 451.6 501.4
Current liabilities 294.9 257.9

Total assets 2,178.1 2,073.8

Net liquidity (previous period: net debt) 61.7 -150.4
Gearing (in%) n.a. 11.5

Cash Flow Statement

in € million Q1-3/2022 Q1-3/2021
Net cash flow from operating activities 234.6 43.1
                investing activities -247.6 -21.7
                financing activities -51.6 -117.3

Free cash flow -13.0 21.4

CAPEX ^1 38.0 30.3

1) Excluding financial assets

The report by Flughafen Wien AG for the first nine months, from January 1 to September
30, 2022 is available to the general public at the company’s office at 1300 Flughafen
and at Bank Austria, 1020 Wien, Rothschildplatz 1. It is also available on the
Internet at
[1] http://www.viennaairport.com/en/company/investor_relations/publications_and_reports

Vienna Airport, 17 November 2022
The Management Board

Contact: Corporate Communications Flughafen Wien AG

Press Office
Peter Kleemann, Company Spokesman
Tel.: (+43-1-) 7007-23000
E-Mail: [2]p.kleemann@viennaairport.com
Website: [3] www.viennaairport.com
[4] www.facebook.com/flughafenwien

Investor Relations
Christian Schmidt
Tel.: (+43-1-) 7007-23126
E-mail: christian.schmidt@viennaairport.com

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17.11.2022 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

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Language: English
Company: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Austria
Phone: +43-1-7007/23126
Fax: +43-1-7007/23806
E-mail: investor-relations@viennaairport.com
Internet: http://www.viennaairport.com
ISIN: AT00000VIE62
WKN: A2AMK9
Indices: ATX PRIME
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Basic Board), Munich, Stuttgart, Tradegate Exchange; London,
Nasdaq OTC, Vienna Stock Exchange (Official Market)
EQS News ID: 1489771

End of News EQS News Service

1489771  17.11.2022 CET/CEST

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