November Roadshow Amsterdam. Florian Fuchs / IR Maximilian Schultheis / IR. Fraport AG
|
|
- Kristina Hudson
- 5 years ago
- Views:
Transcription
1 November 2017 Roadshow Amsterdam Florian Fuchs / IR Maximilian Schultheis / IR
2 Disclaimer This document has been prepared by Fraport solely for use in this presentation. The information contained in this document has not been independently verified. No representation or warranty whether express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained therein. Neither the company nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss arising from any use of this document or its content or otherwise arising in connection with this document. This document does not constitute an offer or invitation to purchase or subscribe for any shares and neither this document nor any part of it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This document contains forward-looking statements that are based on current estimates and assumptions made by the management of Fraport to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results including the financial condition and profitability of Fraport to differ materially from or be more negative than those expressed or implied by such forward-looking statements. This also applies to the forward looking estimates and forecasts derived from third-party studies. Consequently, neither the company nor its management can give any assurance regarding the future accuracy of the opinions set forth in this document or the actual occurrence of the predicted developments. By accepting this document, you agree with the foregoing. 2
3 Agenda - Business Update - Traffic Performances - Financial Highlights & 2017 Outlook 3
4 Business Update LTM Review 2016 headwinds 2017 tailwinds Weak Frankfurt traffic, -0.4% passengers Low LCC share in Frankfurt No adjustment of Frankfurt aviation charges Decline in Frankfurt retail revenue per passenger Strikes at Frankfurt main customer Geopolitics with strong negative impact on Antalya airport Delay of Greece concession commencement Upbeat Frankfurt traffic, +4.8% YTD passengers New Ryanair basis & Wizz Air routes 1.9% adjustment of Frankfurt aviation charges Positive development of retail top line, diluting effects from LCC Labor issues at LH cabin crew & ground staff solved, LH pilot union ballot to come Strong recovery of Russian traffic in Antalya Greece concessions commenced mid April 2016 Challenges overcome, Operational outlook given in Q fulfilled! 4
5 Business Update Growing Passenger Dynamic in Frankfurt 63,8 2018: continuation of above average growth 56,4 57,5 58,0 59,6 61,0 60,8 2017: ~5% 53, Forecast 2018 Indication Strongest growth momentum since financial crisis - Among others, due to recovery of Far East and North African markets - Strong increase in seat load factors: +~3PP - Increasing offer of low cost carriers Minor role of low cost traffic in FRA in the past LCC share <2% - Intra-European LCC share ~50% 5
6 Business Update 2017/18 Frankfurt Winter Flight Season 1 Movement growth: ~8%, of which Europe: ~10% and Intercont: ~1% 2 Seat capacity growth: ~8%, of which Europe: ~11% and 3Strongest Intercont: ~2.5% growth from Lufthansa and Ryanair with combined 16 new continental destinations New Winter Flight Schedule as of October 29,
7 Business Update Need for new Infrastructure to handle Passenger Growth Pier G 1st stage 2nd stage Pier G: 1st stage Planned inauguration: 2020 Passenger capacity: ~4 to 5m p. a. Parking positions: 9 Flexible Schengen/Non-Schengen utilization due to swing gates Capex: ~ 100 to 200m 7
8 Business Update Terminal 3 progresses as planned mil Capex phasing Pier G T3 8
9 Business Update Existing FRA Terminals also in Focus Frankfurt Airport Skytrax Ranking '08 '09 '10 '11 '12 '13 '14 '15 '16 '17
10 Business Update Greece Strong first operational season Passenger figures up by 10.8% to 26.3 mil passenger outlook lifted to ~10% growth EUR 400 mil. capex program approved by Greek State in September Initial measures and quick wins already implemented Main constructions about to start mil Rough capex phasing Corfu +5.0% Aktion +18.1% Kefalonia +15.1% Zakynthos +17.1% Thessaloniki +12.9% Chania +4.7% Skiathos +4.8% Mykonos +20.7% Kavala +12.7% Santorini +13.5% Mytilene +5.4% Kos +20.3% Samos +13.9% Rhodes +6.5% 10
11 Business Update Addendum to Lima Concession Contract signed Addendum signed on July 25, 2017 Lima Airport Partners now owner of land for construction of new / 2nd runway Construction works for runway to commence in 2018 Runway to be constructed by end of 2021 Addendum also stipulates construction of a new terminal until mid 2024 Investment volume for runway and terminal will approx. amount to US$ 1.5bn Duration of concession now expanded until 2041 (+10 years extension option) as compensation for delayed land transfer 11
12 Business Update Brazil Porto Alegre: 7.6 mil. Passengers in 2016 Current status: Management team fully staffed Local offices established Capex plans finalized Next steps: Tendering of construction works Hiring of operational staff and implementing IT processes Operational transfer: Jan Concession Purchase price Investment obligations 25 years 290.5m BRL upfront 91.5m BRL as of year 6* +5% p.a. revenue component RWY refurbishment & extension Terminal refurbishment & extension Apron positions Retail expansion Fortaleza: 5.7 mil. Passengers in Concession Purchase price Investment obligations 30 years 425.0m BRL upfront 1,080.8m BRL as of year 6* +5% p.a. revenue component RWY refurbishment & extension Terminal refurbishment & extension Apron positions Retail expansion *spread over concession term
13 Agenda - Business Update - Traffic Performances - Financial Highlights & 2017 Outlook 13
14 Traffic Performances Group-wide Passenger Figures up! Airport operations Fraport Share OCT 2017 previous year YTD 2017 previous year FY 2016 Frankfurt 100% 6, % 54, % 60,787 Ljubljana 100% % 1, % 1,405 Greek regionals 73.4% 2, % 26, % 25,289 Lima 70.01% 1, % 17, % 18,845 Twin Star 60% % 4, % 4,568 Antalya 51% 2, % 24, % 19,028 Hanover 30% % 5, % 5,409 St. Petersburg 25% 1, % 13, % 13,265 Xi an 24.5% 3, % 34, % 36,997 14
15 Traffic Performances Antalya Airport Recovery Strong Recovery of International / Russian Traffic I German Traffic Down # of departing international passengers YTD +59% # of departing domestic passengers YTD +3% Jan Feb Mar Apr May Jun Jul Aug Sep Oct 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct YTD >100% YTD -12% # of departing Russian passengers # of departing German passengers Jan Feb Mar Apr May Jun Jul Aug Sep Oct 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct 15
16 Agenda - Business Update - Traffic Performances - Financial Highlights & 2017 Outlook 16
17 Financial Highlights & 2017 Outlook Summary of Group Results P&L in mil. 9M 17 9M 16 % Revenue 2,229 1, excl. IFRIC 12 2,206 1, Total revenue 2,281 2, EBITDA D&A EBIT Interest result At equity result 36 2 >100 Other financial result 9 2 >100 Financial result EBT Taxes on income Group result before minorities Minority result Group result after minorities EPS in, basic Segment share in Group revenue 9M M % 35% 28% 32% 19% 18% 25% 22% Aviation GH Retail & RE External Act. Segment share in Group EBITDA 9M M % 28% 34% 25% 5% 42% 7% 36% Aviation GH Retail & RE External Act. 17
18 Financial Highlights & 2017 Outlook Cash Flow & Net Debt in mil. +1,234 Effects lowering net debt Effects increasing net debt ,557 2, ,113 Free Cash Flow: 388m Net debt FY 2016 OCF Capex T3 Greece Capex 1 Capex Lima Other Capex Dividends from assiciated companies Dividends paid 9M 2017 Net debt before acquisitions Greece upfront payment Brazil initial payments Misc.: F/X, consolidation, financing & other effects Net debt 9M 2017 Comments mil. 9M 17 9M 16 % 18 Strong increase in OCF mainly due to Greece Free cash flow improvement despite lack of 19m AYT DVD Greece & Brazil upfront payments reflected in higher indebtedness and Gearing ratio Group equity above 4.0 bn., +5% Equity ratio at 35%; FY 2016: 41% Operating cash flow Capex² Free cash flow³ Net debt 4 3,557 2, Equity 4 4,032 3, Gearing ratio 4 92% 65% +27PP 1 = Including 53.6 mil. prepayment to EPC company 2 = Capex in airport operating projects, other intangible assets, PPE, investment property, and at equity investments. No consideration of one-time payments for acquisitions. 3 = Operating cash flow Capex + Dividends from at equity investments 4 = 2016 values as at Dec. 31, 2016
19 Financial Highlights & 2017 Outlook Unchanged Outlook 2016 Results 2017 Outlook Passengers FRA 60.8 mil. Growth of ~5% Revenue 2.59 bn Up to ~ 2.9 bn EBITDA EBIT Group result before minorities 1,054 mil. 694 mil. 400 mil. Between ~ 980 mil. and ~ 1,020 mil. Between ~ 610 mil. and ~ 650 mil. Between ~ 310 mil. and ~ 350 mil. Dividend proposal Lifted to 1.50 / share Stable 19
20 Thank you for your Attention!
21 Appendix 10M 2017 Frankfurt Passenger Split North America 13% +3% Western Europe Latin America 3% -1% 43% +6% Domestic Africa 11% +3% Frankfurt Airport 4% +17% Eastern Europe 9% +5% Middle East 6% +4% Far East 11% +4% 85 Average seat load factors Jan Feb Mar Apr May Jun Jul Aug Sep Oct 80.0% 77.2% Continental 63% +5% Intercontinental 37% +4% 21
22 Appendix Aviation Segment in mil. Increasing effects Decreasing effects EBITDA 9M 2016 Aviation charges Security servcies Other revenue Other income Staff cost Other opex EBITDA 9M 2017 D&A EBIT 9M 2017 Comments P&L in mil. 9M 17 9M 16 % 1.9% higher average airport charges as of Jan. 1, 2017 Traffic growth further increased airport charges, dampened by incentive scheme Revenue from security services up due to volumes and new Berlin contract ~ 8m higher wages & ~ 3m higher cost for staff restructuring provision Revenue Airport charges Security services Other revenue EBITDA EBIT Employees 5,854 6, Due to commercial rounding slight discrepancies may occur when summing up, percent changes based on unrounded figures
23 Appendix Retail & Real Estate Segment in mil. Increasing effects Decreasing effects EBITDA 9M 2016 Retail Real Estate Parking Other revenue Other income Staff cost Other opex EBITDA 9M 2017 D&A EBIT 9M Comments P&L in mil. 9M 17 9M 16 % Retail revenue up due to higher passenger volumes Average retail revenue per passenger down due to F/X and high continental passenger growth More parking revenue due to volumes & price Higher other revenue due to land sales mainly in Q2 ~3m higher opex from invest. that were not capitalized Solid EBITDA & EBIT performance Revenue Retail Real Estate Parking Other revenue EBITDA EBIT Employees Due to commercial rounding slight discrepancies may occur when summing up, percent changes based on unrounded figures
24 Appendix Frankfurt Retail Revenue per Passenger Including Heinemann JV Retail revenue per Passenger Top 5 Spenders 9M 17: ,87 3,62 3,76 3,42 3,17 3,28 3,02 9M 16: M 17: 3.31 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Retail revenue streams China Russia S.Korea Vietnam Japan Top 5 Volumes Left columns = % change in volumes vs. 9M 2016 Right columns = % change in spending per destination vs. 9M 2016 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Shopping US Germany Turkey UAE India Services Advertising DTF-JV Left columns = % change in volumes vs. 9M 2016 Right columns = % change in spending per destination vs. 9M 2016 Source: sales/revenue data of Gebr. Heinemann by destinations.
25 Appendix Ground Handling Segment in mil. Increasing effects Decreasing effects EBITDA 9M 2016 Infrastructure charges GH revenue Other revenue Other income Staff cost Other opex EBITDA 9M 2017 D&A EBIT 9M 2017 Comments P&L in mil. 9M 17 9M 16 % Slight increase in revenue due to more passengers ~ 5m higher wages & ~ 6m higher cost for staff restructuring provision & other one-off items Slight improvement in non-staff costs EBITDA & EBIT down Revenue Ground Handling Infrastructure Other revenue EBITDA EBIT Employees 8,536 8, Due to commercial rounding slight discrepancies may occur when summing up, percent changes based on unrounded figures
26 Appendix External Activities & Services Segment EBITDA in mil. Increasing effects Decreasing effects EBITDA 9M 2016 Lima Twin Star Ljubljana USA Greece Other EBITDA D&A EBIT 9M M 2017 Comments P&L in mil. 9M 17 9M 16 % First-time revenue and earnings contribution from Fraport Greece Strong Lima performance, despite negative F/X effect in Q3 ~ 4m higher wages & ~ 3m higher cost for staff restructuring provision & other one-off items in FRA facility and IT management staff Revenue excl. IFRIC EBITDA EBIT Employees 5,618 5, EBITDA & EBIT significantly up Due to commercial rounding slight discrepancies may occur when summing up, percent changes based on unrounded figures
27 Appendix Performance of External Investments mil. Fully consolidated Group companies Share in % Revenue 1 EBITDA EBIT Result 9M M 2016 Δ % 9M M 2016 Δ % 9M M 2016 Δ % 9M M 2016 Δ % Fraport USA Fraport Slovenija Fraport Greece Lima Twin Star Group companies accounted for using the equity method Share in % Revenue 1 EBITDA EBIT Result 9M M 2016 Δ % 9M M 2016 Δ % 9M M 2016 Δ % 9M M 2016 Δ % Antalya 3 51/ > Hanover Pulkovo/Thalita Xi an Figures refer to IFRS accounting, not local GAAP, percent changes based on unrounded figures 1 Revenue adjusted by IFRIC 12: Lima 9M 2017: 230.6m (9M 2016: 209.4m), Q3 2017: 79.2m (Q3 2016: 75.6m); Fraport Greece 9M 2017: 172.0m, Q3 2017: 115.2m 2 Take-over of operations as of April 11, Share of voting rights: 51%, Dividend share: 50%. 4 Figures according to the separate financial statement. 27
28 Appendix Maturity Profile & Cash Position as at September 30, 2017 mil Fraport debt conditions on average ~ 3.2% interest rate Book values Nominal values Liquidity Gross debt
29 Appendix IR Contact T: F: M: Postal Frankfurt Airport Services Worldwide Frankfurt am Main Germany 29
German Investment Seminar
January 2018 German Investment Seminar Dr. Matthias Zieschang, CFO Tanja Nagel, IR Disclaimer This document has been prepared by Fraport solely for use in this presentation. The information contained in
More informationInterim Release Q3/9M 2017
Overview by the Executive Board November 2, 207 In the first nine months of 207, the airports of the Fraport Group recorded strong passenger development. At approximately 48.9 million, passenger numbers
More informationAnalyst and Investor Conference Call Q Ulrik Svensson, CFO and Member of the Executive Board
Analyst and Investor Conference Call Q2 2017 Ulrik Svensson, CFO and Member of the Executive Board Frankfurt, 2 August 2017 Disclaimer The information herein is based on publicly available information.
More informationInterim Report Q2/6M 2017
Group Interim Management Report August 3, 2017 Information about reporting The scope of consolidation in the first half of 2017 differs from that in the same period in the previous year as follows, in
More informationPreliminary Figures FY 2016
February 14, 2017 Preliminary Figures FY 2016 Capital Markets Day 2017 Tom Blades (CEO) Disclaimer This presentation has been produced for support of oral information purposes only and contains forwardlooking
More informationInterim Report 6m 2014
August 11, 2014 Interim Report 6m 2014 Investors and Analysts Conference Call on August 11, 2014 Joachim Müller, CFO Latest ad-hoc release (August 4, 2014) Reduction of forecast, primarily due to a further
More informationGroup Interim Report. as at March 31, 2011
Group Interim Report as at March 31, 2011 2 Group Interim Report as at March 31, 2011 Highlights and Key Figures Key business data for the first three months of 2011: 7.7 percent more passengers Group-wide
More informationAnalyst Presentation Schiphol Group 2006 Interim Financial Results
Analyst Presentation Schiphol Group 2006 Interim Financial Results 24 August 2006 Interim Results Disclaimer This release may contain certain forward-looking statements with respect to the financial condition,
More information10th ACI Airport Economics & Finance Conference
London,11th April 2018 10th ACI Airport Economics & Finance Conference Alexander Zinell, CEO Fraport Greece A Subsidiary of Fraport AG. Context of the Project Preparation Concept Award 2006 2011 2013 2014
More information- International business made a positive contribution to Group revenue, especially with Fraport Greece, Fortaleza, and Porto Alegre.
Fraport Interim Report Q2/6M 2018 August 8, 2018 Group Interim Management Report Overview of Business Development - Significant passenger growth of 9.1% at Frankfurt Airport. - Consistently positive developments
More informationFLUGHAFEN WIEN AG. Results Q1-3/2018
FLUGHAFEN WIEN AG Results Q1-3/2018 Q1-3/2018: Outstanding traffic results - Guidance raised Q1-3/2018 Passenger growth of 7.3% at Vienna Airport (Group: +8.7%); strong rise in passenger volumes in Malta
More informationCebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations. cebupacificair.com
Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations cebupacificair.com Disclaimer The information provided in this presentation is provided only for your reference. Such information has
More informationBAA (SP) Limited Results for six months ended 30 June July 2011
BAA (SP) Limited Results for six months ended 30 June 2011 July 2011 Record Q2 Heathrow traffic Good overall service standards Strong financial results Successful dollar and sterling financings H1 2011
More informationH RESULTS BOLOGNA, SEPTEMBER 4 TH 2017
H1 RESULTS BOLOGNA, SEPTEMBER 4 TH H1 GROUP 2 GROUP OVERVIEW STRONG GROWTH TRACK RECORD AND MOMENTUM STRATEGIC LOCATION AND WEALTHY CATCHMENT AREA H1 Among top 50 airports in Europe # 7 airport in Italy
More informationPRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue
PRESS RELEASE 2016 Financial Results Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue Kifissia, 23 March 2017 AEGEAN reports full year 2016 results with consolidated revenue at 1,020m,
More informationInterim Report 3m Bilfinger Berger SE, Mannheim May 10, 2012 Joachim Müller, CFO
Interim Report 3m 2012 Bilfinger Berger SE, Mannheim May 10, 2012 Joachim Müller, CFO Bilfinger Berger SE Interim report 3m 2012 May 10, 2012 Page 1 3m 2012: Highlights Growth in output volume and orders
More information1H 13 Results. July 25th, H 13 Results.
July 25th, 2013 www.atresmediacorporacion.com 1 1H 13 Highlights According to Infoadex, Total Ad market declined by -14% in 1H 13 (TV and Radio down by -13% and -14% yoy respectively) Atresmedia Television
More informationSAS Group Q Teleconference
SAS Group Q4 2012 Teleconference December 12, 2012 1 Break-even result in 2012 despite 1.6 bn SEK higher fuel cost 23 MSEK EBT (before non-recurring items) despite 1.6 bn SEK higher fuel cost Positive
More information9M 2018 RESULTS BOLOGNA, NOVEMBER 15 TH 2018
9M RESULTS BOLOGNA, NOVEMBER 15 TH 9M GROUP 2 BOLOGNA S AIRPORT MAIN CHARACTERISTICS 9M 8.2 MILLION PAX 76.3% INTERNATIONAL PAX THE HIGHEST CONNECTIVITY GROWTH IN EU 2004-2014 +984% ACI Europe 2014 Airport
More informationAmadeus Jan-Jun 2017 Results. July 28, 2017
Amadeus Jan-Jun 2017 Results July 28, 2017 Disclaimer This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue
More informationGroup Interim Report. as at March 31, 2012
Group Interim Report as at March 31, 2012 2 Group Interim Report as at March 31, 2012 Highlights and Key Figures In the first quarter of 2012, the Fraport Group benefited from overall traffic growth. At
More informationVisual Fact Book Full Year 2008
Visual Fact Book Full Year 2008 Content Slide Title Page 3 Disclaimer................................... 2 4 Fraport at a Glance/FRA at a Glance.......... 2 5 History of Fraport AG..........................
More informationAnalyst and Investor Conference Call Q Frankfurt, 25 October 2017
Analyst and Investor Conference Call Q3 2017 Frankfurt, 25 October 2017 Disclaimer The information herein is based on publicly available information. It has been prepared by the Company solely for use
More informationInvestor Presentation
TUI Group Investor Presentation WestLB Deutschland Conference 2010 17 November 2010 TUI AG Investor Relations Seite 1 Future-related related statements This presentation contains a number of statements
More informationAnalysts and Investors conference call. Q results. 15 May 2013
Analysts and Investors conference call Q1 2013 results 15 May 2013 Management summary Key messages of Q1 2013 +6% +9% +3.3%p. Q1 2013 operational KPIs are in line with 109.7 116.2 6.5 7.1 82.3 85.6 expectations,
More informationSAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR
SAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR 1 This is the SAS Group 128 destinations 27,2 million passengers 28 new routes to be launched 2012 1,085 daily flights Revenues 2011,
More information9M 13 Results. October 31, M 13 Results.
October 31, 2013 www.atresmediacorporacion.com 1 9M 13 Highlights According to Infoadex, Total Ad market declined by -12.6% in 9M 13 (TV and Radio down by -10.4% and -12.7% yoy respectively) Atresmedia
More informationH RESULTS BOLOGNA, SEPTEMBER 3 RD 2018
H1 RESULTS BOLOGNA, SEPTEMBER 3 RD H1 GROUP 2 BOLOGNA S AIRPORT MAIN CHARACTERISTICS H1 8.2 MILLION PAX 76.3% INTERNATIONAL PAX THE HIGHEST CONNECTIVITY GROWTH IN EU 2004-2014 +984% ACI Europe 2014 Airport
More information2017 Amadeus IT Group and its affiliates and subsidiaries. Amadeus 2016 Results. February 24, 2017
Amadeus 2016 Results February 24, 2017 Disclaimer _ This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue
More informationQuarterly Meeting# 4/2018
Quarterly Meeting# 4/2018 3Q18 & 9M18 Performance & Outlook 14 November 2018 1 2016 ERAWAN. All rights reserved. The views expressed here contain some information derived from publicly available sources
More informationHeathrow (SP) Limited
Draft v2.0 10 Feb Heathrow (SP) Limited Results for year ended 31 December 2013 24 February 2014 Strong operational and financial performance in 2013 Passenger satisfaction at record high and over 72 million
More informationPRESS RELEASE. First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability
PRESS RELEASE First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability Kifissia, 12 September 2017 AEGEAN announces first half 2017
More informationManagement Presentation. March 2016
Management Presentation March 2016 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively
More information9M 17 Results. Oct 19th, M 17 Results.
Oct 19th, 2017 www.atresmediacorporacion.com 1 9M 17 Highlights According to internal estimates, Total Ad market was slightly negative in 9M17 (-0.7%) with TV down by 0.4% and Radio up by 2.3% approximately
More information2017 Amadeus IT Group and its affiliates and subsidiaries. Amadeus 2016 Results. February 24, 2017
Amadeus 2016 Results February 24, 2017 Disclaimer _ This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue
More informationResults 2Q17. August 9, 2017
Results 2Q17 August 9, 2017 2Q17 Highlights Indicators 2Q17 Var. x 2Q16 ASK (BN) 10.4-3.0% Traffic (000) 7,261-1.3% RPK (BN) 8.1 +0.5% Load Factor 77.9% +2.7 p.p. Yield (R$ cents) 23.2 +4.8% Pax Revenue
More informationFY 2018 RESULTS BOLOGNA, MARCH 15 TH 2019
RESULTS BOLOGNA, MARCH 15 TH GROUP 2 BOLOGNA S AIRPORT MAIN CHARACTERISTICS 8.5 MILLION PAX 76.8% INTERNATIONAL PAX THE HIGHEST CONNECTIVITY GROWTH IN EU 2004-2014 +984% ACI Europe 2014 Airport Industry
More informationManagement Presentation. November 2011
Management Presentation November 2011 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively
More informationHeathrow (SP) Limited
28 April 2014 Heathrow (SP) Limited Results for three months ended 31 March 2014 Strong operational and financial performance at the outset of the new regulatory period Highest ever passenger satisfaction
More informationBologna, August 28th H Results
Bologna, August 28th 2015 H1 2015 Results TABLE OF CONTENTS 1 COMPANY DESCRIPTION p. 3 2 H1 FINANCIALS p. 12 2 1. COMPANY DESCRIPTION 3 GROUP HIGHLIGHTS WEALTHY CATCHMENT AREA # 7 airport in Italy by passengers
More informationCorporate Presentation. December 2015
Corporate Presentation December 2015 Quality & Award winning airline Weathering through the crisis and positioning for strong Full Service Carrier Focus on quality, efficiency, productivity 10.1m passengers
More informationFY 13 Results. February 26, FY 13 Results.
February 26, 2014 www.atresmediacorporacion.com 1 FY 13 Highlights According to external sources, Total Ad market declined by -8.0% in 2013 (TV and Radio down by -6.2% and -11.0% yoy respectively) Atresmedia
More informationManagement Presentation. November 2018
Management Presentation November 2018 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively
More informationCopa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018
Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Panama City, Panama --- Aug 8, 2018. Copa Holdings, S.A. (NYSE: CPA), today announced financial results
More informationFourth Quarter and Full Year 2009
Investor and analyst meeting: Fourth Quarter and Full Year 29 25 th February 21 2 The views expressed here contain some information derived from publicly available sources that have not been independently
More informationFOURTH QUARTER AND FULL-YEAR RESULTS February 2008
FOURTH QUARTER AND FULL-YEAR RESULTS 2 1 February 2 AGENDA CEO review Financial review Operating review of Mobile Concluding remarks Harri Koponen Lars Nilsson Harri Koponen Harri Koponen 2 29-2-1 Fourth
More informationThe SAS Group five business areas as from Q SAS Group statement of income
Weak full year result but according to plan Teleconference Fiscal year st Quarter weak according to plan nd Quarter passenger load factors and yields better than expected 3 rd and 4 th Quarter pressure
More informationConsolidated Statement of Financial Position as at December 31, 2017
86 Key Figures Consolidated Statement of Financial Position as at December 31, 2017 Assets in million December 31, 2017 December 31, 2016 Non-current assets Goodwill 19.3 19.3 Investments in airport operating
More informationSAS AB Analyst meeting
SAS AB Analyst meeting London, August 9, 2001 2 2nd Quarter a tough Quarter The Marketplace Continued weak world economy Weaker Swedish economy SAS Weaker traffic growth and reduced passenger load factors
More informationQ3 FY18 Business Highlights
Q3 FY18 RESULTS Q3 FY18 Business Highlights 1 2 3 4 5 6 7 Record passengers 7.1m, record revenues 423m Investing in growth 24% passenger growth in Q3 Disciplined cost management flat ex-fuel CASK Largest
More information2006 Interim Results. 03 May 2006
2006 Interim Results 03 May 2006 1 Unlocking our potential Strong foundation Powerful business model Great brand Strong market presence and scale The key to the future Building a strong leadership team
More informationOPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events
Copa Holdings Reports Net Income of $103.8 million and EPS of $2.45 for the Third Quarter of 2017 Excluding special items, adjusted net income came in at $100.8 million, or EPS of $2.38 per share Panama
More informationQ Earnings Financial Results for the First Quarter Ended June 30, July 28, 2016 OMRON Corporation
Q1 2016 Earnings Financial Results for the First Quarter Ended June 30, 2016 July 28, 2016 OMRON Corporation Summary Q1 Results Both sales and operating income are in line with internal plan (decreased
More informationManagement Presentation. September 2011
Management Presentation September 2011 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively
More informationManagement Presentation. November 2013
Management Presentation November 2013 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively
More informationFY 2016 RESULTS BOLOGNA, MARCH 20 TH 2017
RESULTS BOLOGNA, MARCH 20 TH GROUP 2 GROUP OVERVIEW STRONG GROWTH TRACK RECORD AND MOMENTUM STRATEGIC LOCATION AND WEALTHY CATCHMENT AREA Among top 50 airports in Europe # 7 airport in Italy by passengers
More informationQuarterly Meeting# 2/2017
Quarterly Meeting# 2/2017 1Q17 Performance & Outlook 16 May 2017 1 2017 ERAWAN. All rights reserved. The views expressed here contain some information derived from publicly available sources that have
More informationManagement Presentation. May 2013
Management Presentation May 2013 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively
More informationCebu Air, Inc. 2Q2014 Results of Operation
Cebu Air, Inc. 2Q2014 Results of Operation 1 Disclaimer This information provided in this presentation is provided only for your reference. Such information has not been independently verified and, as
More information2007/08 Full Year Results Investor Briefing
2007/08 Full Year Results Investor Briefing Highlights of Result Profit before tax up 46% to $1,408 million Up 36% on the reported result Margin improvement $3 billion of Sustainable Future Benefits achieved
More informationFIRST QUARTER 2017 RESULTS. 4 May 2017
FIRST QUARTER 2017 RESULTS 4 May 2017 A resilient start of the year, traffic up 4.2% 20.9 million passengers carried, up 5.2%, traffic (RPK) up 4.2%, capacity (ASK) up 3.3% and load factor up 0.7pts Confirmation
More informationGroup Interim Report. as at June 30, 2011
Group Interim Report as at June 30, 2011 Group Interim Report as at June 30, 2011 1 Highlights and Key Figures In the first half of 2011, the Fraport Group continued to benefit from the positive growth
More informationQuarterly Interim Management Statement. Three Months to June 30, 2015
Quarterly Interim Management Statement Three Months to June 30, 2015 BUSINESS HIGHLIGHTS FOR Q1 Record Q1 profitability despite negative Easter effect Lower unit costs further increasing our cost advantage
More information2012 Result. Mika Vehviläinen CEO
2012 Result Mika Vehviläinen CEO 1 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2 Market Environment According to IATA, Global air travel continues to
More informationPRELIMINARY ACCOUNTS FOR 2012
INTERIM REPORT FOR Q4 2012 AND INTERIM REPORT FOR Q4 2012 AND PRELIMINARY ACCOUNTS FOR 2012 HIGHLIGHTS Q4 with growth in volume and improved normalized EBITDA MNOK 261 improvement in normalized EBITDA
More informationFLUGHAFEN WIEN AG. Q1/2017 Results
FLUGHAFEN WIEN AG Q1/2017 Results Q1/2017 characterised by passenger growth and improved earnings Q1 passenger growth in Vienna of +3.7% (Group: +6.6%) despite later Easter (already in March in 2016, first
More informationSET Opportunity Day #3/2011
SET Opportunity Day #3/2011 2Q11 & 1H11 Performance & Outlook 18 August 2011 The views expressed here contain some information derived from publicly available sources that have not been independently verified.
More informationCorporate Presentation. September 2015
Corporate Presentation September 2015 Agenda 1 Aegean Airlines company overview 2 Update on market environment 3 Financial results and strategy Quality & Award winning airline Weathering through the crisis
More informationWizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load Factor of 88% (+2.3ppt)
Q3 F17 FINANCIAL RESULTS 1 FEBRUARY 2017 BUSINESS HIGHLIGHTS Current market conditions favour ULCCs Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load
More informationNORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT FIRST QUARTER 2004 [This document is a translation from the original Norwegian version]
NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT 2004 IN BRIEF At the start of 2003, Norwegian has become a pure low-fare airline. The Fokker F-50 operations have been terminated, and during the quarter the
More information2005 Q3 investor update. 25 August 2005
2005 Q3 investor update 25 August 2005 1 This communication is directed only at (i) persons having professional experience in matters relating to investments who fall within the definition of investment
More informationGatwick Airport Limited. Results for six months ended 30 September 2012
Gatwick Airport Limited Results for six months ended 30 September 2012 28 November 2012 Operational and financial performance Highlights Traffic growth + 1.2% EBITDA + 4.8% Capital expenditure 119.1m Despite
More informationFact Sheet for Q4 and Full Year 2017 pre IFRS 15 and 9 adjustments February 1, 2018
Fact Sheet for Q4 and Full Year 2017 pre IFRS 15 and 9 adjustments February 1, 2018 Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4-12 Information for Divisions Mercedes-Benz
More informationThird Quarter 2014 Results. 29 October 2014
Third Quarter 2014 Results 29 October 2014 Highlights of the Third Quarter Operating environment Air France-KLM Economic environment remains weak Further currency volatility affecting revenues and results
More information2017 results: REVENUE up to million (+1.6%), NET PROFIT FOR THE PERIOD 1 shows significant increase to million (+12.
Business Results in 2017: Significant Rise in Profits of the Flughafen Wien Group Management Board Announces Substantial Upward Revision of Earnings Guidance and Traffic Figures for 2018 2017 results:
More informationFact Sheet for Q4 and Full Year 2016 February 2, 2017
Fact Sheet for Q4 and Full Year 2016 February 2, 2017 Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4-13 Information for Divisions Mercedes-Benz Cars 14-17 Daimler
More informationAIR BERLIN PLC Q2 RESULTS, APRIL JUNE Berlin, August 18 th, 2011
AIR BERLIN PLC Q2 RESULTS, APRIL JUNE 2011 Berlin, August 18 th, 2011 MANAGEMENT SUMMARY 1/5 Management Summary Yield 1) [EUR] +7.9% 99.75 107.68 Q2/10 PF Q2/11 ACT Measures: Increase of fuel surcharge
More informationSecond Quarter 2016 Presentation
Second Quarter 2016 Presentation Scanship Holding ASA August 31, 2016 Henrik Badin CEO Christian Fr. Thyholdt - CFO Disclaimer This presentation (the Presentation ) has been produced by Scanship Holding
More informationSAS Q2 2017/2018 TELECONFERENCE
SAS Q2 2017/2018 TELECONFERENCE 30 May 2018 Earnings as expected despite negative currency effect POSITIVES + Total revenue up MSEK 73 vs. LY + Currency adjusted yield up 0.6% vs. LY + EB-point sale revenue
More informationNorwegian Air Shuttle ASA
Norwegian Air Shuttle ASA Q4 2017 Presentation 15 February 2018 Highlights Q4 2017 Added one 737-800 and two 787-9s to operations Financed the first aircraft with a combination of UKEF and JOLCO Agreed
More informationSAS Group Q2 2012/13. Q2 Restructuring programme moving KPIs in the right direction
SAS Group Q2 2012/13 1 Q2 Restructuring programme moving KPIs in the right direction Operating revenues +1.6%* Yield improvement of +2.7%* Forceful implementation of 4XNG plan: Unit cost down by 10.7%
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Financial Results for the Fourth Quarter of 2018 Excluding special items, adjusted net profit came in at $44.0 million, or Adjusted EPS of $1.04 Panama City, Panama --- February 13,
More informationMarch 4, Investor Conference
March 4, 2014 Investor Conference Disclaimer This Investor Presentation is provided for your general information and convenience only, is current only as of its date and does not constitute an offer to
More informationParques Reunidos Expands to Australia with the Acquisition of Wet n Wild Sydney July 2018
Parques Reunidos Expands to Australia with the Acquisition of Wet n Wild Sydney July 2018 Disclaimer This document does not constitute or form part of any purchase, sales or exchange offer, nor is it an
More informationInterim Report. as at June 30, Hier steht später ein mehrzeiliger Untertitel des Druckerzeugnisses
Interim Report as at June 30, 2004 Hier steht später ein mehrzeiliger Untertitel des Druckerzeugnisses Interim Report as at June 30, 2004 1 Contents Highlights and Key Figures... 2 Development of Air Traffic...
More informationHalf Year F1 Results. November 4, 2015
Half Year F1 Results November 4, 2015 F17 Q1 Results 20 JULY 2016 Q1 BUSINESS HIGHLIGHTS Passenger growth of 18% to 5.8m pax on 17% seat growth Record underlying profit of 38.6m (+14%) despite Easter effect
More informationMegawide Construction Corporation FY 2016 Analysts Briefing 06 April 2017
Megawide Construction Corporation FY 2016 Analysts Briefing 06 April 2017 FY 2016 CONSOLIDATED HIGHLIGHTS +14% P17.7B Revenue +19% P3.6B EBITDA +30% P1.9B Net Income 1 1 CONSOLIDATED INCOME STATEMENT 2
More informationGroup Interim Report. Highlights and Key Figures. as at March 31, 2010
Group Interim Report as at March 31, 2010 Highlights and Key Figures Key business data for the first three months of 2010: 7.7 percent more passengers Group-wide (majority-holdings), 3.9 percent increase
More informationCorporate Presentation 2012/13 Interim Results
Corporate Presentation 2012/13 Interim Results 26 February 2013 0 Disclaimer The information contained in this presentation is intended solely for your personal reference. Such information is subject to
More informationSTAYING TRUE. Scotia Capital Transportation & Aerospace Conference. November 15, 2011
STAYING TRUE Scotia Capital Transportation & Aerospace Conference November 15, 2011 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including
More informationMegawide Construction Corporation FY 2017 Analysts Briefing 12 April 2018
Megawide Construction Corporation FY 2017 Analysts Briefing 12 April 2018 CONSOLIDATED INCOME STATEMENT In Php M FY 2017 FY 2016 Mov t % Remarks Total Revenues 19,159 17,658 1,501 9% Exceeded guidance
More informationPAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011
PAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011 2010 RESULTS OVERVIEW STRATEGIC & OPERATIONS HIGHLIGHTS NEO SOON HUP CHIEF FINANCIAL OFFICER 2 CONTENTS Focus and Highlights
More informationFinnair Q result. 25 October 2017 CEO Pekka Vauramo
Finnair Q3 2017 result 25 October 2017 CEO Pekka Vauramo 1 All-time best quarter Revenue up by 15% to record level of 735 M Aircraft flew full, passenger load factor was 87% Asian routes and San Francisco
More informationFIRST HALF 2016 RESULTS. 27 July 2016
FIRST HALF 2016 RESULTS 27 July 2016 Highlights of the Second Quarter 2016 Environment Operations Financial highlights High level of geopolitical uncertainties, including Brexit Terrorist attacks in Europe
More informationQ3 FY 14 IMS Analyst & Investor presentation. 3 months to 30 June 2014
Q3 FY 14 IMS Analyst & Investor presentation 3 months to 30 June 2014 24 July 2014 1 1 Continued solid performance 1. Drive demand, conversion and yields across Europe Passenger numbers up by 9.4%; load
More information2017 FULL YEAR FINANCIAL RESULTS PRESENTATION TO INVESTORS & ANALYSTS
2017 FULL YEAR FINANCIAL RESULTS PRESENTATION TO INVESTORS & ANALYSTS Stephan Widrig Chief Executive Officer Lukas Brosi Chief Financial Officer SCHEDULE 1. Business Update 2. Financial performance 3.
More informationSAS Q3 2017/ August 2018
SAS Q3 2017/2018 31 August 2018 Strong earnings in peak season POSITIVES Record number of passengers Total revenue up MSEK 936 vs. LY Currency adjusted yield up 1.1% vs. LY EB point sale up 27% vs. LY
More informationFinancial Results 1 st Quarter Mar/2016 (FY2015) 30 July, 2015
Financial Results Mar/2016 (FY2015) 30 July, 2015 Today s Topics P.2 P.3 P.15 1 Overview of FY Mar/2016 Financial Results Operating Revenue Operating Profit 320 307.0 +4.9Bn (+1.6%) 312.0 50 +17.6Bn (+94.6%)
More informationAmadeus Jan-Jun 2018 Results
2018 Amadeus IT Holding and its affiliates and subsidiaries Amadeus Jan-Jun 2018 Results July 27, 2018 Disclaimer This presentation may contain certain statements which are not purely historical facts,
More informationFinancial Position (consolidated)
May 14 th, 2015 Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air Lines Co., Ltd. and is subject to updating, revision,
More information