fraport fy2013 preliminary presentation

Analyst Presentation – FY2013 Preliminary FiguresFraport Headquarters in Frankfurt │ March 7, 2014Fraport Headquarters in Frankfurt │ March 7, 2014Dr. Stefan Schulte, CEO & Dr. Matthias Zieschang, CFO

DisclaimerAnalyst Presentation FY 2013 preliminary2

This document has been prepared by Fraport solely for use in this presentation.

Disclaimer

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.Y

2013

y g y g

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.

Thi d t t i f d l ki t t t th t b d t ti t d ti d b th t f F t t

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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

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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.

AgendaAnalyst Presentation FY 2013 preliminary3

Financial Highlights

Agenda

g g Traffic Insight Business DevelopmentY

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Outlook 2014 Financials in Detailin

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Figu

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Financial HighlightsAnalyst Presentation FY 2013 preliminary4

Financial HighlightsFraport Group Figures FY2013 (P&L)

FY2013 FY2012** yoy***

Revenue 2,561 2,442 +4.9%€ mil.

Y 20

13

EBITDA 880 849 +3.7%

EBIT 528 496 +6.5%

G R lt* 236 252 6 3%

€ mil.

€ il

€ mil.

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Group Result* 236 252 -6.3%€ mil.

Traffic Figures up, small upside in FRA

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g p, pRevenue increase by 4.9% - adjusted by IFRIC12: 3.4%Group-EBITDA +3.7%Mainly due to Aviation / Retail / External ActivitiesMainly due to Aviation / Retail / External ActivitiesGroup Result decrease by 6.3% due to extraordinary performance

in asset management in 2012 and impact from Pulkovo * before minorities** 2012 figures adjusted for IAS 19

*** Percent change based on unrounded figures

Financial HighlightsAnalyst Presentation FY 2013 preliminary5

Financial HighlightsFraport Group Figures FY2013 (Cash Flow, Debt, Capex)

FY2013 FY2012** yoy***

Operating Cash Flow 575 553 +3.9%€ mil.

Y 20

13

Capex* 502 715 -29.8%

Free Cash Flow 73 -162 ---%

N t d bt 2 975 2 935 1 4%

€ mil.

€ il

€ mil.

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Net debt 2,975 2,935 +1.4%

Gearing 101.3% 104.9% -3.6PP

€ mil.

€ mil.

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OCF up due to good operating performance and less tax paymentsClear downward trend in Capex Free Cash Flow positive again after 7 years of heavy investment

* Capex as: Cash Flow used in PPE, airport operating projects, intangible assets and investment property

** 2012 figures adjusted for IAS 19 *** Percent change based on unrounded figures

Net debt slightly up – FCF could not yet compensate dividendGearing slightly down as equity increase outpaces net debt increase



Agenda


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Traffic InsightAnalyst Presentation FY 2013 preliminary7

Preliminary FRATraffic Insight Frankfurt Airport

Preliminary FRA Traffic:

February 2014: +1.8%YTD 2014: +2.6%

Jan 2014 % FY2013 % FY2012

Passengers* 4,010 +3.4 58,037 +0.9 57,520

Movements 35 521 +1 2 472 692 -2 0 482 242

in 000

Y 20

13

Movements 35,521 +1.2 472,692 2.0 482,242

MTOW 2,150 +2.8 28,416 -1.7 28,913

Cargo** 159 +7.7 2,095 +1.4 2,066in `000 tons

in `000 tons

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Seat load factor Passenger per movement

90 0%20122013 2013

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FY 2013 FY 201270,0%

80,0%

90,0%

120 122 124 126 128 130 132 1342012

+3.2%

* ACI definition, commercial traffic only** Freight & Mail

60,0%

0,0%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Passenger guidance FY2014: 2-3% upside


Traffic Insight Frankfurt Airport Traffic Shares 12M 2013 vs. 12M 2012

Western Europe

42%

0%

Domestic

11%

+1%

Eastern Europe

8%

+5%North America

Y 20

13

14%

+2%Far East

12%

+1%Middle East

Frankfurt Airport

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+1%5%

-1%Africa

4%

-4%Latin America

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4%

+3%Continental Intercontinental

Traffic Share

vs. previous year

61%

+2%39%

+1%


Traffic InsightPeer Comparison 2013

Absolute Figures in mil Relative 2013 vs 2012

LHR

Absolute Figures in mil. Relative 2013 vs. 2012

+3.3%

Y 20

13

FRA

CDG +0.7%

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AMS

FRA +0.9%

+3.0%

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MAD

IST

madrid

+13.6%

-12.1%

0 20 40 60 80

MUC +0.8%


Traffic InsightGroup Passenger Figures (above 10% stake)

Y 20

13

IATA Code Airport ShareFY 2013

in ‘000Delta vs.

2012 in %CAGR (in %)

2010-2013

FRA Frankfurt, Germany 100% 58,037 +0.9 +3.1

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LIM Lima, Peru 70.01% 14,913 +11.9 +13.2

BOJ Burgas, Bulgaria 60% 2,480 +4.2 +9.4

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VAR Varna, Bulgaria 60% 1,319 +8.0 +2.4

AYT Antalya, Turkey 51% 26,716 +7.1 +6.5

LED St. Petersburg, Russia 35.5% 12,854 +15.2 +15.0

HAJ Hanover, Germany 30% 5,235 -1.0 +1.1

XIY Xi‘an, China 24.5% 26,046 +11.2 +13.1


Traffic Insight New Summer Schedule 2014 (beginning end of March)

1Positive Summer2 Passenger3 New Airlines: Air4 5 Ongoing1Positive economic prospects for Germany show effect in air traffic

Summer schedule with a seat upside of ~4%

2 Passenger movements up by around 1%3 New Airlines: Air

Europa, Biman Bangladesh, MIAT Mongolian, new Far East carrier to

4 5 Ongoing modernization of fleet plus new seat configuration at Lufthansa mainY

2013

effect in air traffic Far East carrier to be announced & upgrade of existing routes

at Lufthansa main driver for seat upside

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Agenda


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Business DevelopmentAnalyst Presentation FY 2013 preliminary13

Business Development 2013 in a Nutshell

CustomerProcesses

Further focus on “Great to have you here”

FRAConnectintroduced

Cargo processes under evaluation

Y 20

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Internal Process Optimization

Focus on strong leadership of employees as key for future success

Process efficiency program and cost benchmark started – first implementation

in Ground Handling

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Capex Capex reviewed and reduced Terminal 3 – changes to construction granted and application filed

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Airport Portfolio

P liti l Ch

Portfolio continuously developed – capacity upgrade in Russia & Bulgaria –bids for new projects not successful

N i b t tPolitical Changes & Noise

Reduction

New government in the State of Hesse

Noise abatement measures continuously implemented / significantly

less anti-noise-protests


Business DevelopmentNoise Abatement at FRA

Prolonged testing Description Status Quo

CDA/CDO*allows for a smooth, constant-angle descent to landing Since Oct 2013 in normal operation; positive testing in

2012: 41.1% of all landings on single dayY 20

13

% g g y

GBAS (ground based augmentation system)

Providing very precise navigation data for precision approach and landings (complex or straight-in approaches)

Construction in progress, inauguration in 2014

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3.2 degrees approachSteeper approach procedure Prolonged testing, tendency of noise reduction

confirmed

Segmented approachDiversion during approach to less inhabited areas In operation for late landings after 11pm, extension

l d

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Segmented approach planned

DROps (dedicated runway operation system)

Selected runway operations at dedicated times In operation for early morning landings since mid 2013

Aviation charges price system

High diversification of noise driven charges to incentive low noise emission aircraft

Since 2013 in place

*Continuous descent approach / Continuous descent operations


Business DevelopmentOperational Challenges at 68 million Passengers

Prozess Terminal 1 Terminal 2

Check-In

Y 20

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Security Checks

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Gate Availability

Bus gates Availability

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Bus gates Availability

Passport Inbound

Luggage


Business DevelopmentOther Construction Projects in Terminal 1

Terminal overview

Y 20

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ary

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New PTS-Station in

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New PTS-Station in CD Area to improve

processes in Terminal 1



Agenda


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Outlook Fraport Group18 Analyst Presentation FY 2013 preliminary

Outlook Fraport Group 2013 fulfilled, growing 2014 expected

Outlook 2014 including new IFRS 11 on Joint Venture

accounting!

Outlook 2013 Outlook 2014

Passengers FRA about previous year’s level growth between 2% and 3%

Y 20

13

FY2013 restated

Revenue growth up to 5% €2.378 bn. revenue growth up to ~€2.45 bn.

EBITDA €870 - €890 mil. €733 mil. between ~€780 and ~€800 milin

ary

Figu

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FY

and €800 mil.

EBIT between 2012’s level and up to ~€520 mil €439 mil. growth up to ~€500 mil.

Group Result* decrease €236 mil slightly above 2013

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Group Result* decrease €236 mil. slightly above 2013

Dividend proposal €1.25 per share at least stable

*Group Result before minorities



Agenda


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Group P&L FY 2013*20 Analyst Presentation FY 2013 preliminary

Group P&L FY 2013 Increase from Operations, negative Financial result

849

IFRIC 12 37

+119 -30 -55-4 +1 880

Organic 82

+€31 mil.

Organic -18IFRIC 12 -37

€ mil.

Y 20

13

EBITDA 2012 Revenue Other Cost of Personnel Other opex EBITDA 2013inar

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revenue materials expenses

-€16 mil. -€0.19€ mil.

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252

+31 -56

236

+1

+8 €2.40€2.59

Group result 2012

EBITDA D&A Financialresult

Taxes Group result 2013

EPS 2012 EPS 2013*2012 figures adjusted for IAS 19

Financial Result FY 2013Analyst Presentation FY 2013 preliminary21

Financial Result FY 2013Result from Associates & other Result down

€ mil. FY 13 FY 12 %* Q4 13 Q4 12 %*

Interest income 39 53 -26.2 3 21 -85.9

Y 20

13

Interest expensesCapitalizedInterest

-216

18

-227

28

-

-35.8

-47

5

-60

5

-

-8.0

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AssociatesPulkovoXi‘An

-14-16

3

1283

--

-10.7

-13-10-1

-4-3-1

---

Other result 3 31 -89.5 -2 -1 -

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Financial result -187 -132 - -59 -45 -

*Percent change based on unrounded figures

Cash Flow FY 201322 Analyst Presentation FY 2013 preliminary

Cash Flow FY 2013Less Capex & good operating Result improve FCF

575600

Operating cash flow

Intangible assets PPE

Airport operating projects

Investment property

Free cash flow

€ mil.

Y 20

13

575

400

500

600 553-5

Cash Flow FY 2013Cash Flow FY 2012

-9

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200

300Cash Flow FY 2012

-362

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73

-100

0

100

-599

-107 -23

-200

100-89 -162-22

Financial Position & Gearing 2013Analyst Presentation FY 2013 preliminary23

Financial Position & Gearing 2013FCF at €73 mil., Net Debt <€3 bn., Gearing < PY

FCF at €73.1 mil., Q4: flat at €1 mil. FCF Q4 improvement vs. PY by €87 mil.

Group liquidity down at €1 49 bn

4.254 4.598 4.462€ mil. YE 2011/2012 YE 2013

Y 20

13

Group liquidity down at €1.49 bn. Decline due to dividend payout of €115 mil. and debt

redemption-350 -162 +73

1.607 1.663 1.486

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2.6472.935 2.975

2.715 2.797 2.938

€136 mil. decline in gross debt to €4.46 bn.

Net debt at €2.98 bn.98%

105% 101%

FCF Liquidity Gross debt

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After deducting the expected payout for FY 2013: Gearing ratio at 101% below PY

98% 101%

*Equity less non-controlling interests and profit earmarked for distribution2012 and 2011 equity adjusted for IAS19

Net debt Equity Gearing* *

Capex and Cash Flow OverviewAnalyst Presentation FY 2013 preliminary24

Capex and Cash Flow OverviewLower Capex leads to 1st positive FCF since 2006

34 73727

8631,138

859 969715

Capex* in € mil. 2006 – 2013 Free Cash Flow in € mil. 2006 – 2013

Y 20

13

-249 -371-711

-291 -350 -162

2006 2007 2008 2009 2010 2011 2012 2013

451727 715

502

2006 2007 2008 2009 2010 2011 2012 2013inar

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-2% 14% 39% 67% 78% 98% 105% 101%433

Capex* in % of D&A 2006 – 2013 Net debt in € mil. & Gearing 2006 – 2013

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-50 338926

1,615 2,0242,647 2,935 2,975

182297

357433

307 317203

142

*Capex as: CF used in PPE, airport operating projects, intangible assets and investment property

2006 2007 2008 2009 2010 2011 2012 20132006 2007 2008 2009 2010 2011 2012 2013

AviationAnalyst Presentation FY 2013 preliminary25

AviationRevenue, EBITDA & EBIT up

€ mil. FY 13 FY 12* %* Q4 13 Q4 12* %*

RevenueAirport charges

845697

823674

2.63.5

204167

195156

4.47.3Y

2013

p gSecurity ServicesOther

9850

9852

-0.4-2.7

2313

2515

-6.1-8.9

EBITDAMargin

20524.3%

20224.5%

1.7-

2713.5%

3718.8%

-25.3-in

ary

Figu

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FY

gEBITMargin

8810.4%

809.7%

10.7-

-4-

-3-

--

Employees 6,194 6,298 -1.7 6,080 6,381 -4.7

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Solid increase in revenue driven by higher airport charges as of Jan. 1, 2013 Additional cost mainly from first-time

full-year operation of A-PlusSecurity and other revenue almost flat

on 2012

full year operation of A PlusStrong increase in EBIT, due to lower D&A

*Percent change based on unrounded figures2012 figures adjusted for IAS 19

Retail & Real EstateAnalyst Presentation FY 2013 preliminary26

Retail & Real EstateGrowth driven by Retail / A-Plus

€ mil. FY 13 FY 12* %* Q4 13 Q4 12* %*

Revenue**

RetailR l E t t

469199180

453180175

3.610.42 9

1225445

1185049

3.07.28 7Y

2013

Real EstateParkingOther**

1807515

1757424

2.92.2

-37.7

45195

49181

-8.74.5

>100

EBITDAMargin

35174 8%

33574 0%

4.6 8670 4%

8269 2%

4.8

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Margin 74.8% 74.0% - 70.4% 69.2% -

EBITMargin

26857.1%

25355.8%

6.0-

6452.6%

5445.5%

19.1-

Employees 648 629 3.0 645 635 1.6

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Employees 648 629 3.0 645 635 1.6

Strong increase in retail revenue due to full-year operation of A-Plus Other revenue down due to higher property

Additional revenue from Real Estate (Lounges A Plus)

sales in 2012

* Percent change based on unrounded figures; 2012 figures adjusted for IAS 19 ** 2012 includes property sales on Mönchhof site of €16.5 mil. / 2013: €10.0 mil


Retail & Real EstateRetail per Passenger in Q4 first-time above €4

R t il i €

FY 2011: €3.17 FY 2012: €3.32 FY 2013: €3.60

Retail revenue per passenger in €

Y 20

13

3.323.02 2.87

3.54 3.403.10 2.95

3.95 3.743.42 3.24

4.11

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

€ mil.

Shopping 23 26 27 28

10 12 12 12

25 29 30 31

11 12 13 13

27 31 33 33

11 13 14 13Services 10 12 12 12

Advertis. 6 7 7 9

11 12 13 13

6 6 6 10

11 13 14 13

6 8 9 11


Retail & Real EstateTrack Record of Retail Growth

Retail revenue in € mil. Retail revenue per passenger in €

209 3 323.60CAGR 5.5%CAGR 7.1%

Y 20

13

113 118135 146 152 146 160

179 191209

2.22 2.262.56 2.69 2.84 2.86 3.02 3.17 3.32

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2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

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2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

€4 per passenger remains mid-term target!Headwind from F/X depreciationNext

Waiting time at securityUtilization and traffic structure of A-Plus

Targets


Retail & Real Estate FX-Development in 2013 show Impact on Retail Spend

C d l ti i 2013 i t iCurrency devaluation in 2013 in countrieswith high retail performance Traffic shares departing passengers 2013

Currency compared to € indexed to 100 (= Jan 2013) OtherY 20

13

100105110

Currency compared to € indexed to 100 ( Jan 2013) Other

7%share

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859095

100

Share in Duty Free sales 2013*

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7580

JanNovSepJulyMayMarchJan

Other

17%Source: Bloomberg

Japanese YenIndian RupeeBrazilian RealRussian Ruble

share

* Based on ticket /Heinemann data -> only indication of nationality

Ground HandlingAnalyst Presentation FY 2013 preliminary30

Ground HandlingRevenue Increase, Bottom-Line under Pressure

€ mil. FY 13 FY 12* %* Q4 13 Q4 12* %*

RevenueGround Handling

656394

649393

1.10.1

16096

15696

2.20.3

Y 20

13

Infrastructure 263 256 2.5 63 60 5.1

EBITDAMargin

385.8%

385.8%

1.1-

85.1%

31.7%

>100-

EBIT -2 -1 - -2 -10 -inar

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Margin - - - - - -

Employees 9,017 8,924 1.0 9,107 9,100 0.1

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Despite passenger growth Ground Handling revenue flat on 2012, due to decline in MTOW

Growing infrastructure revenue helped due to price effects flat on 2012, due to decline in MTOW

Bottom-line still under pressure!*Percent change based on unrounded figures

2012 figures adjusted for IAS 19

due to price effectsSlight positive effects also from De-Icing

External Activities & ServicesAnalyst Presentation FY 2013 preliminary31

External Activities & ServicesStrong Performance of External Investments

€ mil. FY 13 FY 12* %* Q4 13 Q4 12* %*

Revenue-excl. IFRIC 12

591525

516488

14.47.7

127113

118106

7.46.9Y

2013

EBITDAMarginAdjusted margin

28648.4%54.4%

27453.0%56.1%

4.4--

5341.5%46.6%

5445.7%51.0%

-2.4--

EBIT 174 165 5 9 24 26 7 8inar

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EBITMarginAdjusted margin

17429.5%33.2%

16531.9%33.8%

5.9--

2418.5%20.8%

2621.6%24.1%

-7.8--

Employees 5,088 5,112 -0.5 4,625 4,799 -3.6

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p y , , , ,

Unbroken traffic upward trend in Lima, Antalya, Varna & Burgas Terminal inaugurations in Varna & Burgas will help Varna & Burgas

Traffic performance translated in earnings growth2014 retail performance

*Percent change based on unrounded figures2012 figures adjusted for IAS 19

External ActivitiesAnalyst Presentation FY 2013 preliminary32

External ActivitiesAntalya Airport – Figures before Consolidation

€ mil. FY 13 FY 12 %* Q4 13 Q4 12 %*


321180

301168

6.57.1

5733

5330

8.310.0

Y 20

13

Retail 127 119 6.2 21 20 7.1

EBITDAMargin

27686.1%

26086.2%

6.4-

4579.0%

4075.9%

12.8-

EBIT 178 162 10 0 21 16 32 1inar

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EBITMargin

17855.5%

16253.7%

10.0-

2136.1%

1629.6%

32.1-

Passengersin mil. 26.7 25.0 7.1 4.6 4.2 9.4

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in mil.

Employees 480 478 0.4 477 473 0.8



External ActivitiesLima Airport*

€ mil. FY 13 FY 12 %* Q4 13 Q4 12 %*


**

208108

19199

8.79.6

5427

5125

5.55.5

Y 20

13

Retail**-excl. IFRIC 12

33194

33180

0.17.7

849

947

-4.54.3

EBITDAMarginAdj t d i

7134.3%36 8%

6634.2%36 4%

8.9-

1732.5%35 5%

1631.4%33 8%

9.4-

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Adjusted margin 36.8% 36.4% - 35.5% 33.8% -


5827.7%29.8%

5327.4%29.2%

9.9--

1426.2%28.6%

1324.7%26.6%

12.0--

Pre

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Employees 534 588 -9.2 478 598 -20.1p y

*Figures refer to IFRS accounting, not local GAAP, percent changes based on unrounded figures**Parts of Retail revenue in 2013 re-organized to “other revenue”, a.o., catering revenue


External ActivitiesTwin Star – Varna & Burgas Airport

€ mil. FY 13 FY 12 %* Q4 13 Q4 12 %*


10130

6324

59.723.2

121

111

10.230.0

Y 20

13

Retail-excl. IFRIC 12

550

746

-26.88.1

13

12

-18.2

EBITDAMarginAdj t d i

2827.9%56 9%

2640.9%56 4%

8.9-

-2-

-2-

--

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Adjusted margin 56.9% 56.4% - - - -


2020.0%40.7%

1929.7%41.0%

7.4--

-4--

-4--

---

Pre

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Employees 1,051 1,094 -3.9 677 718 -5.7p y


Restated FY 2013Analyst Presentation FY 2013 preliminary35

Restated FY 2013IFRS 11 Accounting Change as of Jan. 1, 2014

G Fi FY 2013 i € il R t t d Fi FY 2013 i € ilGroup Figures FY 2013 in € mil. Restated Figures FY 2013 in € mil.

2.561

Y 20

13 2.378

880528 341 236

Revenue EBITDA EBIT EBT Group resultinar

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733 439 332 236

Revenue EBITDA EBIT EBT Group resultRevenue EBITDA EBIT EBT Group result

External Activities & Services FY 2013 in € mil. Restated Figures FY 2013 in € mil.

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Revenue EBITDA EBIT EBT Group result

591

286174

416

145 89

Revenue EBITDA EBIT Revenue EBITDA EBIT

Restated FY 2013Analyst Presentation FY 2013 preliminary36

Restated FY 2013IFRS 11 Accounting Change as of Jan. 1, 2014

Figure FY 2013 Restated FY 2013 Change

Operating cash flow €575 mil. €454 mil. - €121 mil.

Y 20

13

Free cash flow €73 mil. €17 mil. - €56 mil.

Total assets €9,523 mil. €8,836 mil. - €687 mil.inar

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Shareholders‘ equity* €3,099 mil. €3,117 mil. + €18 mil.

Net debt €2 975 mil €2 871 mil €104 mil

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Net debt €2,975 mil. €2,871 mil. - €104 mil.

Gearing ratio 101% 97% - 4PP

*Equity including non-controlling interests and profit earmarked for distribution

Cash Flow OutlookAnalyst Presentation FY 2013 preliminary37

Cash Flow OutlookFurther Improvement of FCF expected

600

Operating Cash Flow Capex FRA Capex External

ActivitiesInvestment

propertyFree Cash

Flow Dividend Change in Net debt

Y 20

13

€ mil.

400

600454 -360

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0

200-54

-23 17 -115 -98

Pre

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-2002014

Projec-tion

Growth in line with

Below 2013 Below 2013 ~stable Improvement At leaststable

Impact on net debt could be

Cash Flow 2013 INCL. IFRS 11

operations,balance sheet

dilutions possible

could be stable/positive

Cash Flow OutlookAnalyst Presentation FY 2013 preliminary38

Cash Flow Outlook Multi-Year Overview

Lima Capex plans notfinalized yet –

changes to Group Capex & FCF possible!

Y 20

13

Expected Capexpeak for T3

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Capex peaks and FCF lows due to FRA North

and Expansion

CapexFree Cash Flow

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2006 2020 et seq

Expected FCF low, softened by growing OCF

2013

Next Capex Peak: End of Decade A h F C h Fl ill i iti !

y g g

Anyhow, Free Cash Flow will remain positive!

Segment OutlookAnalyst Presentation FY 2013 preliminary39

Segment Outlook2013 fulfilled, growing 2014 expected!

Outlook 2014 including new

IFRS 11 on Joint Venture accounting!

Outlook 2013 FY 2013 restated Outlook 2014

AviationSlight increase in revenue, EBITDA and EBIT

Revenue: €846 mil.EBITDA: €205 mil.EBIT: €88 mil

Rev. growth up to 5%,EBITDA & EBIT growth by up to €20 milY

2013

and EBIT EBIT: €88 mil. by up to €20 mil.

Retail & Real EstateSignificant increase in revenue, EBITDA and EBIT

Revenue: €468 mil.EBITDA: €351mil.EBIT: €268 mil.

Slight increase in revenue, EBITDA and EBIT

Minor increase in Revenue: €649 mil Slight increase in revenueinar

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Ground HandlingMinor increase in revenue, EBITDA and EBIT at about PY level

Revenue: €649 mil.EBITDA: €33 mil.EBIT: - €6 mil.

Slight increase in revenue, EBITDA and EBIT at about PY level

External Activities Organic increase in Revenue: €416 mil. Organic increase in revenue EBITDA & EBIT

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External Activities & Services revenue, EBITDA and

EBIT at about PY levelEBITDA: €145 mil.EBIT: €89 mil.

revenue, EBITDA & EBIT with single-digit million growth

Thank you for your Attention!www.meet-ir.comwww.meet ir.com

Group P&L 2013Analyst Presentation FY 2013 preliminary41

Group P&L 2013€ mil. FY 13 FY 12* Change % Change

Revenue 2,561.4 2,442.0 119.4 4.9Change in work-in-process 0 6 0 5 0 1 20 0

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Change in work in process 0.6 0.5 0.1 20.0Other internal work capitalized 35.1 44.0 -8.9 -20.2Other operating income 34.3 55.8 -21.5 -38.5Total revenue 2,631.4 2,542.3 89.1 3.5Cost of materials 613 0 558 1 54 9 9 8

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Cost of materials -613.0 -558.1 -54.9 9.8Personnel expenses -946.8 -942.9 -3.9 0.4Other operating expenses -191.4 -192.6 1.2 -0.6EBITDA 880.2 848.7 31.5 3.7D&A 352 1 352 7 0 6 0 2

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D&A -352.1 -352.7 0.6 -0.2EBIT 528.1 496.0 32.1 6.5Interest income 38.8 52.6 -13.8 -26.2Interest expenses -215.8 -226.7 10.9 -4.8Result from associated companies 13 6 11 7 25 3Result from associated companies -13.6 11.7 -25.3 -Other financial result 3.2 30.5 -27.3 -89.5Financial result -187.4 -131.9 -55.5 42.1EBT 340.7 364.1 -23.4 -6.4Taxes on Income 105 0 112 6 7 6 6 7Taxes on Income -105.0 -112.6 7.6 -6.7Group result 235.7 251.5 -15.8 -6.3Thereof non-controlling interests 14.7 13.3 1.4 10.5Thereof shareholders of Fraport AG 221.0 238.2 -17.2 -7.2 *2012 figures adjusted for IAS 19

Group Cash Flow Statement 2013Analyst Presentation FY 2013 preliminary42

Group Cash Flow Statement 2013€ mil. FY 13 FY 12*

Profit attributable to Fraport shareholders 221.0 238.2Profit attributable to non-controlling interests 14.7 13.3Adj f

€ mil. FY 13 FY 12*

Investment property -23.3 -22.0

Dividends from associated companies 3.0 6.4

L t ffili t d i 0 0 31 2

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Adjustments for

Taxes on income 105.0 112.6Depreciation and amortization 352.1 352.7Interest result 177.0 174.1

Loans to affiliated companies 0.0 -31.2

Proceeds from disposal of non-current assets 5.9 4.0

CF used in investing activities w/o investments in cash deposits and sec. -492.8 -736.2

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s FY Disposal of non-current assets 5.1 -33.2

Others 5.8 1.7Fair value changes in associated comp. 13.6 -11.7Changes in inventories 2.4 3.7

Financial investments in securities and promissory note loans -484.6 -563.0

Proceeds from disposal of securities and promissory note loans 445.8 424.0

Decrease of time deposits with a duration of h 3 h 251 6 96 0

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lim Changes in receivables and financial assets 25.0 -20.6Changes in liabilities -87.3 -42.7Changes in provisions -27.3 21.7Operating activities 807.1 809.8

more than 3 months 251.6 96.0

CF used in investing activities -280.0 -779.2

Dividends paid to Fraport shareholders -115.2 -114.8

Dividends paid to non-controlling interests -4.1 -6.7

C it l i 2 5 2 3Financial activities

Interest paid -167.3 -167.3Interest received 21.0 31.8Taxes on income paid -86.0 -121.3

Capital increase 2.5 2.3

Cash inflow from long-term financial debt 55.1 652.7

Repayment of long-term financial debt -189.4 -163.7

Changes in short-term financial debt -4.0 -151.6

CF d i /f fi i ti iti 255 1 218 2CF from operating activities 574.8 553.0

Investments in airport operating projects -107.4 -89.4

Capex for other intangible assets -8.7 -5.4

Capex for ppe -362.3 -598.6

CF used in/from financing activities -255.1 218.2Change in restricted cash 5.5 3.5

Change in cash and cash equivalents 45.2 -4.5

F/X effects on cash and cash equivalents -4.9 -1.2

Cash and cash equivalents as at Dec. 31 167.4 127.1*2012 figures adjusted for IAS 19

Group Financial Position 2013Analyst Presentation FY 2013 preliminary43

Group Financial Position 2013Assets in € mil. YE 13 YE 12

Goodwill 38.6 38.6Investments in airport operating projects 1,006.1 1,031.2

Liabilities & equity in € mil. YE 13 YE 12

Issued capital 922.1 921.3Capital reserve 590.2 588.0

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Other intangible assets 57.8 44.2Property, plant and equipment 5,988.1 5,927.3Investment property 47.7 34.4Investments in associated companies 121.2 136.6

Revenue reserves 1,540.8 1,403.2Equity attr. to Fraport shareholders 3,053.1 2,912.5Non-controlling interests 45.7 35.7Shareholders‘ equity 3,098.8 2,948.2

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s FY Other financial assets 727.6 742.7

Other receivables and financial assets 169.8 117.1Income tax receivables 20.3 19.5Deferred tax assets 43.7 49.2

Financial liabilities 4,146.8 4,401.0Trade accounts payable 50.8 64.4Other liabilities 889.4 1,006.4D f d t li biliti

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lim Total non current assets 8,220.9 8,140.8

Inventories 75.3 77.7Trade accounts receivable 181.6 180.0Other receivables and financial assets 438 4 385 2

Deferred tax liabilities 120.4 102.5Provisions for pensions and similar oblig. 26.7 27.4Provisions for income taxes 54.1 80.2Other provisions 235.1 211.2Non current liabilitiesOther receivables and financial assets 438.4 385.2

Income tax receivables 2.1 35.0Cash and cash equivalents 605.1 821.9Current assets 1,302.5 1,499.8Total assets 9 523 4 9 640 6

Non-current liabilities 5,523.3 5,893.1

Financial liabilities 314.9 196.6Trade accounts payable 162.4 214.4Other liabilities 178.4 163.2Total assets 9,523.4 9,640.6Provisions for income taxes 8.1 5.3Other provisions 237.5 219.8Current liabilities 901.3 799.3Total liabilities & equity 9,523.4 9,640.6

*2012 figures adjusted for IAS 19

Special & Extraordinary Effects FY 2013Analyst Presentation FY 2013 preliminary44

Special & Extraordinary Effects FY 2013€ mil. FY 13 FY 12

Group financial result

Market valuation of derivatives & F/X fluctuations +€4 3 mil +€2 7 mil

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+€4.3 mil. +€2.7 mil.

Aviation

Creation of provision for regional fund, Q2/2012 - EBITDA: -€10.5mil.

Retail & Real Estate

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Retail & Real Estate

Property sales Mönchhof area Revenue: +€10.0 mil. Revenue: +€16.4mil.

Ground Handling

Release of provision, Q2/2012 - EBITDA: +€9.9 mil.

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External Activities & Services - -

Maturity Profile & Cash Position as of Dec 31 2013Analyst Presentation FY 2013 preliminary45

Maturity Profile & Cash Position as of Dec. 31, 2013€ mil.

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Fraport debt conditions on average

~ 4% interest rate

~ 5.5 years maturity1.486,3 1 500

1.750

2.000

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1.172,9

1.000

1.250

1.500

Pre

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507,3 499,3 413,4

561,1

411,3 500

750

294,1 234,7

19,2

323,8

0

250

Liquidität 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023++Liquidityqzum 31.

Dezember 2013

Liquidityas at

Dec. 31, 2013

Analyst Presentation FY 2013 preliminary46

Investor Relations

Fraport AG

Investor RelationsTeam Contact Details

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Frankfurt Airport Services Worldwide60547 Frankfurt am Mainwww.meet-ir.com [email protected]

+49 69 690 – 74842

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Stefan J. Rüter Head of Finance & Investor Relations

+49 69 690-74840s r eter@fraport de

Svenja EbelingInvestor Relations Assistant

+49 69 690-74842b li @f t [email protected] [email protected]

Marc Poeschmann Florian FuchsManager Investor Relations & Tanja Nagel

Manager Investor RelationsManager Investor Relations+49 69 [email protected]

Financial Reporting+49 69 [email protected]

Manager Investor Relations & Financial Reporting

+49 69 [email protected]

fraport fy2013 preliminary presentation

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