Kobenhavns Lufthavne A/S · OMXCOP:KBHL
Kobenhavns Lufthavne A/S — Copenhagen Airports — H1 2002 Earnings Presentation
32 slides from Kobenhavns Lufthavne A/S's earnings presentation, 2002
Slide 1: Copenhagen Airports A/S Semi-annual Presentation 2002
Copenhagen Airports A/S Semi-annual Presentation 2002
Slide 2: Contents
Contents: page Copenhagen Airport 3 Strategy 4 Core competencies 5 Catchment area 6 Copenhagen as a hub 7 Traffic Passengers 8 Aircraft movements 12 Maximum take-off weight 13 Airlines 14 Financials Financial statement 15 Revenue breakdown 16 Operating costs breakdown 17 Financial highlights 18 Cash
Slide 3: Copenhagen Airport
Copenhagen Airport The Scandinavian hub Gateway to 24 Nordic destinations Northern Europe’s preferred transfer airport Famous for design, retail and economic performance Ability to grow Notes: 3
Slide 4: Strategy
Strategy Continue efficient operation and development Consolidate long-term position as primary Northern European hub Maintain development of high- quality services Explore new commercial opportunities Notes: 4 4
Slide 5: Core competencies
Core competencies Operational efficiency Capacity utilisation · optimising present facilities · flexible, modular infrastructure Capacity expansion · at low cost Commercial activities · optimising potential in retail, service and property business Notes: 5
Slide 6: Catchment area
Catchment area 5.5 million people Notes: 6
Slide 7: Copenhagen Airport as a hub
Copenhagen Airport as a hub Archangel'sk Reykjavik Trondheim Kirov Sankt-Peterburg Oslo Stockholm Riga Edinburgh Moskva Copenhagen York Gdansk Minsk Dublin Ede Berlin Lodz Voronez London Brussel Lyov Sumy Nürnberg Zaporozje Brest Paris Wien Basel Sibiu Chisinau Skopje Tbilisi Rome Tiranë Madrid Anka
Slide 8: Passengers 1st half year 2002
Passengers 1st half year 2002 8.9 million passengers Decrease: 0.9% Share International 90% Domestic 10% Total 100% Transfer/transit part of all departing passengers: 48% Notes: 8 8
Slide 9: Departing passengers
Departing passengers 00 00 00 0 00 00 0 00 Passengers Share 00 0 0 0 50 10 15 20 0 Scheduled international 1,979,385 44.2% transfer/transit 1,933,696 +2.4% 2,038,013 1,894,887 Scheduled international 1,786,196 39.9% origin & destination 1,784,441 +0.1% 1,672,405 1,538,739 Scheduled domestic 425,461
Slide 10: Markets
Markets 00 0 0 0 00 00 00 0 ,0 00 0, 0, 0, 0 50 00 50 00 0, Passengers Share 50 1, 2, 2, 1, 0 Non-European 762,230 8.6% 777,200 -1.9% Domestic incl. 875,194 9.9% Greenland and Faroe Islands 955,411 -8.4% Great Britain 895,156 10.1% 919,294 -2.6% Nordic countries 2,518,065 28.4% 2,516,310 +0.1% Medit
Slide 11: Passengers Nordic countries
Passengers Nordic countries 28.4% of all passengers Passengers Share Sweden 1,057,912 11.9% -10.3% Norway 1,032,811 11.6% +8.8% Finland 311,261 3.5% +15.4% Iceland 116,081 1.3% -0.9% Total 2,518,065 28.4% +0.1% Notes: 11 11
Slide 12: Aircraft movements
Aircraft movements 131,430 movements Overall decrease: 10.5% ATMs Share Scheduled Inter. 101,744 77.4% -11.1% Scheduled Dom. 18,327 13.9% 0.3% Charter and other 6,138 4.7% -13.9% All-cargo 5,221 4.0% -25.3% Total 1st half year 2002 131,430 100% -10.5% Notes: 12 12
Slide 13: Maximum take-off weight
Maximum take-off weight Take-offs only 0 0 0 0 0 0 0 00 00 00 00 00 00 00 0, 0, 0, 0, 0, 0, 0, 00 50 00 00 50 00 50 3, 3, 4, 2, 2, 1, 1, 0 MTOW Change Total traffic 3,783,853 -6.6% 4,050,592 +0.6% 4,027,412 +5.1% 3,830,593 0 0 0 0 0 00 00 0 00 00 00 0 0, 0, ,0 0, 0, 0, 20 25 50 30 10 15 0 MTOW Chang
Slide 14: Airlines first half of 2002
Airlines first half of 2002 56 airlines with weekly take-off 110 scheduled destinations served weekly Destinations with weekly take-off 7 Domestic incl. Greenland and Faroe Islands 24 Other Nordic 62 Other European 17 Intercontinental Airlines top ten first half of 2002 On departing passengers Passe
Slide 15: Financial statement
Financial statement 0 0 0 0 0 0 00 00 00 00 00 00 0 00 0, 0, 0, 0, 0, 0, 50 00 50 00 50 00 0, 50 1, 2, 2, 3, 3, DKK'000 Change 1, 0 Net revenue 995,029 +1.0% 984,846 Operating profit 318,459 -0.4% 319,878 Profit before tax 212,941 -14.7% 249,545 Net profit 130,849 -25.6% 175,902 Capital & reserves 3
Slide 16: Revenue breakdown
Revenue breakdown 0 0 0 0 0 00 00 00 00 00 0 0 0, 0, 0, 0, 0, ,0 DKK'000 Change 15 20 25 30 10 50 0 Take-off charges 236,962 -7.0% 254,725 Passenger charges 290,262 0.0% 290,129 Other traffic charges 13,805 27.5% 10,828 Concession revenue 280,161 2.7% 272,711 Rent 87,389 7.3% 81,471 Sale of services
Slide 17: Operating costs breakdown
Operating costs breakdown 0 0 0 0 0 00 00 00 00 00 00 0, 0, 0, 0, 0, ,0 15 20 25 30 10 50 DKK'000 Change 0 External expenses 139,084 -5.1% excl. hotel 146,550 External expenses hotel 55,025 +16.5% 47,235 Staff costs 266,407 +3.2% 258,232 Depreciation 236,792 +2.7% 230,628 1st half 2002 1st half 2001
Slide 18: Financial highlights
Financial highlights Profit and loss account Whole year DKK mio. 2002 2001 2001 Net revenue 995 985 2,007 Total net revenue 1016 1003 2,041 Amortisation, depreciation and impairment 237 231 472 Operating profit 318 320 658 Net financial expenses 93 98 207 Profit before tax 213 250 494 Net profit 131
Slide 19: Financial highlights: ratios
Financial highlights Ratios Whole year DKK mio. 2002 2001 2001 Operating margin 32.0% 32.5% 32.8% Assets turnover rate 0.29 0.28 0.29 Return on assets 9.2% 9.1% 9.4% Return on equity 8.1% 11.5% 11.0% Equity ratio 37.6% 35.4% 36.9% Earnings per share of DKK 100 28.8 38.8 37.8 Cash earnings per share
Slide 20: Cash flow
Cash flow DKK mio. 2002 2001 Whole year 2001 Operations 309 385 890 Investments -129 -1,584 -1.752 Finance -208 1,176 1,002 Change in cash -28 -23 140 Notes: 20 20
Slide 21: Investments
Investments DKK'000 1,500 1,200 900 600 300 0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 Notes: 21 21
Slide 22: 10-year investment plan 2002-2011
Investment plan 10-year investment plan 2002-2011 Ongoing and planned investments Estimated total capital DKK mio. expenditures Share Capacity 2,800 53% Reinvestment 2,500 47% Total 5,300 100% Notes: 22 22
Slide 23: Platform for international expansion
Platform for international expansion Implement know-how Secure direct influence on future operations by · acquisition of equity stakes · controlling influence on business strategy and commercial issues · direct influence on Board level Focus on investments in existing airport infrastructure Seek par
Slide 24: Nine airports in Mexico
Nine airports in Mexico · CPH owns, directly and indirectly, 6.3% of the · Income from consultancy: DKK 2.2 million in the shares in the Mexican Southeast airport group first half of 2002 Aeropuertos Del Sureste, ASUR · Balanced passenger mix in the first half of 2002 · ASUR - a 100% privatised airp
Slide 25: Passengers Mexico, Passengers Cancun
Passengers Mexico 5.7 million passengers Decrease: 8.1% Passengers Share Domestic 2,135,000 37.6% -4.3% International 3,539,600 62.4% -10.3% Total 5,674,600 100% -8.1% Passengers Cancun 4.1 million passengers Decrease: 5.4% Passengers Share Domestic 837,300 20.6% +7.6% International 3,222,200 79.4%
Slide 26: Consolidated results first half of 2002
Consolidated results for the first half of 2002 PS '000 1H02 1H01 Aeronautical services 501,359 561,238 Non-aeronautical services 114,511 93,904 Commercial revenues 76,534 50,293 Operating profit 198,548 259,224 Operating margin % 32.24% 39.57% EBITDA 361,686 414,542 EBITDA margen 58.73% 63.28% Net
Slide 27: Newcastle International Airport
Newcastle International Airport · CPH owns 49% of NIAL Holdings Plc., which · High disposable personal income in the region owns 100% of the operating company Newcastle supports the prospect of new route development International Airport Limited · Balanced passenger mix in the first half of 2002 · C
Slide 28: Passengers Newcastle
Passengers Newcastle 1.5 million passengers Decrease: 5,1% Passengers Share International 299,122 19.8% -9.3% Domestic 556,709 36.8% 0.7% Charter & Other 657,187 43.4% -7.7% Total 1,513,018 100% -5.1% Note: Passenger figures include transit and general aviation passengers. Notes: 28 28
Slide 29: Profit and loss account Newcastle International Airport
Profit and loss account Newcastle International Airport Limited for the nine months ended 31 December 2001 9 months ended Year ended GBP '000 31 December 2001 31 March 2001 Turnover 33,864 38,688 Operating expenses before exceptional items -22,137 -28,890 Exceptional operating expenses -1,373 Total
Slide 30: Runways
Runways 12 22L Kastrup 22R 30 04R Øresund 04L Notes: 30 30
Slide 31: Copenhagen Airport 2002
Copenhagen Airport 2002 Fastest travel to center By train 13 minutes By car 20 minutes Capacity on stands 107 Stands 9 Domestic 43 International with passenger loading bridges 53 Remote 2 Helicopter Declared runway capacity 83 mixed movements/hour Baggage sorting capacity 8,200 pcs/hour Shopping cen
Slide 32: Contacts
Contacts: Senior Vice President, CFO Torben Thyregod Telephone: +45 32 31 22 31 E-mail: [email protected] Vice President, Head of IR Flemming Petersen Telephone: +45 32 31 22 12 E-mail: [email protected] Copenhagen Airports A/S P.O. Box 74 Lufthavnsboulevarden 6 DK-2770 Kastrup Telephone: +45 3