Company Presentation

Flughafen Wien AG

March, 2007 1 Content 1. Highlights 2006

2. Financial Results 2006 and Investments

3. Results by Segment

4. Traffic Results 2006

5. Strategy

6. International Projects

2 Highlights 2006

3 Highlights 2006 z Total turnover: EUR 463.9 m + 13.1% z EBITDA: EUR 169.6 m + 13.3% z Netprofit : EUR 76.8 m + 3.3% after minority interests z Dividend per share: EUR 2.20 + 10,0% z Passenger development: + 6.3% (above European average of 5.7%*)

* Source: ACI 4 Financial Results 2006

5 Financial Results 2006

Change EUR m 2006 2005 in %

Turnover 463.9 410.3 + 13.1 Other income 13.4 23.2 - 42.3 Operating income 477.3 433.5 + 10.1 Operating expenses (without depreciation) 307.6 283.8 + 8.4 EBITDA 169.6 149.7 + 13.3 Depreciation 66.0 57.4 + 15.0 EBIT 103.7 92.3 + 12.3 Financial results - 1.8 7.7 - 123.7 EBT 101.9 100.0 + 1.9 Taxes 24.3 25.3 - 4.0 Minority interests 0.8 0.4 + 113.4

Net profit after minority interests 76.8 74.3 + 3.3

EBT

6 Financial Results 2006

Turnover by Segment Non-Aviation Handling EUR 112.8 m EUR 139.6 m + 26.4% + 5.6% 24.3% 30.1%

Turnover without Handling 45.6% Airport 34.8% 65.2% EUR 211.3 m + 12.0%

7 Financial Results 2006

Summary of Operating Expenses

Change EUR m 2006 2005 in % Costs of materials and services 34.5 35.9 - 3.9 Personnel expenses 197.9 184.6 + 7.2 Depreciation 66.0 57.4 + 15.0 Other operating expenses 75.2 63.4 + 18.7

Total operating expenses 373.6 341.2 + 9.5

EBT

8 Financial Results 2006

Operating expenses in detail – Personnel expenses

EUR m 2006 2005

Personnel ex penses 197.9 184.6

EBT

Change in %. 2006 2005

Collective bargaining agreements 2.0 2.0 Annual increase in 1.5 1.5 wages and salaries Change in personnel structure* 3.9 6.0 Others -0.2 -0.9

Total 7.2 8.6

EBT

* due to increased security measures

9 Financial Results 2006

Consolidated Balance Sheet in EUR m

Equity and Assets 2006 2005 2006 2005 liabilities Non-current 1,215.9 1,084.5 assets Equity 739.2 653.8

Current assets 269.5 109.0 Non-current 485.3 144.9 liabilities Thereof cash and cash 183.0 58.2 Current liabilities 260.9 394.7 equivalents

1,485.4 1,193.4 1,485.4 1,193.4

EBT

EBT

10 Financial Results 2006

Cash Flow

2006 2005 EUR m From operating activities + 141.6 + 158.0

From investing activities - 257.8 - 336.9

From financing activities + 189.7 + 128.2 Change in cash and cash equivalents + 70.7 - 49.8 incl. revaluation reserve for securities and foreign exchange differences Cash and cash equivalents at the 128.9 58.2 end of the year

11 Financial Results 2006

Financial Indicators

2006 2005 in % EBIT Margin 21.7 21.3

EBITDA Margin 35.6 34.5

ROE 11.1 11.6

ROCE 8.9 10.2

WACC 5.5 5.9

Gearing 24.5 17.2

12 Investments 2007 - 2011

EUR m Airport Skylink 310 Apron, taxiways 55 Others 56 TOTAL AIRPORT: 421

Non-Aviation Office Park II 17 Parking 36 Others 0 TOTAL NON-AVIATION 53 TOTAL 474

13 Investments 2007 - 2011 in EUR m Airport and Non-Aviation 201 203 Investments 2007 - 2011: EUR 474 m In addition: maintenance and replacement investments of EUR 25 – 30 m p.a.

53

12 5

2007 2008 2009 2010 2011

14 Results by Segment

15 Results by Segment

Ariport Segment*

EUR m 2006 2005 Turnover 211.3 188.6 Segment earnings (EBIT) 75.7 66.7 EBITDA margin in % 46.9 46.4 Av. number of employees 382 378

* Airport Segment The Airport Segment covers the operation and maintenance of the terminal and movement areas as well as all facilities involved with passenger and baggage handling.

16 Results by Segment

Handling Segment*

EUR m 2006 2005 Turnover 139.6 132.2 Segment earnings (EBIT) 12.8 15.5 EBITDA margin in % 12.0 14.8 Av. number of employees 2,020 1,943

* Handling Segment The Handling Segment provides a wide range of services for scheduled, charter and general aviation flights.

17 Results by segment

Non-Aviation Segment*

EUR m 2006 2005 Turnover 112.8 89.2 Segment earnings (EBIT) 35.2 34.5 EBITDA margin in % 31.5 32.3 Av. number of employees 1,278 1,018

* Non-Aviation Segment The Non-Aviation Segment comprises various services related to airport operations such as shopping, gastronomy, parking and security services as well as the development and marketing of real estate.

18 Traffic Results 2006

19 Traffic Results 2006 Highlights 2006

z Traffic growth in 2006 6.3% above European average (+5.7%*) and our own forecast (+6%)

z Strong development in mid-haul flights Near East 14.4%

z Flights to Eastern Europe 8.0%

z Low-cost carriers 13.2%

z Cargo 13.3%

* Source: ACI (January - December 2006) 20 Traffic Results 2006

Passengers: 16,855,725 (+ 6.3%)

Transfer passengers: 5,673,586 (+ 4.2%)

Flight movements: 237,490 (+ 2.9%)

MTOW (in tonnes): 6,765,734 (+ 3.7%)

Cargo incl. trucking (in tonnes): 265,778 (+ 13.3%)

21 Traffic Results 2006 Winter 2006/2007: Destinations in Eastern Europe

22 Traffic Results 2006 Winter 2006/2007: Destinations in Asia

23 Traffic Results 2006 Airlines – Share of Passengers in %

% 2006 2005 Austrian Airlines Group 57.0 56.6 Air 6.3 5.9 5.6 5.5 Niki 4.5 4.3 2.1 2.1 2.1 2.2 Air France 1.8 1.8 Swiss Intl. 1.8 2.0 KLM 1.4 1.5 1.0 1.1 Others 16.3 17.1

24 Traffic Results 2007 January - January February February 2007 2007 2007 Passengers 1,148,057 1,130,631 2,278, 688 Change in % + 6.0 + 8.6 + 7.3 MTOW (in tonnes) 522,780 487,569 1,010, 349 Change in % + 4.4 + 4.3 + 4.4 Flight movem ents 18,741 17,579 36,320 Change in % + 4.6 + 4.3 + 4.4 Cargo in cl. truckin g 19,188 19,788 38,976 (in tonnes) Change in % + 1.6 + 2.3 + 1.9

25 Forecast 2007

Passengers + 5.0%

MTOW + 3.0%

Flight movements + 2.0%

26 Development of Passengers in comparison Number of passengers at selected airports in Europe

in % Traffic growth above European average 18 15,7 16 14 12 10 7,0 7,3 8 6,8 6,3 5,8 5,7 6 4 2,1 2 0 2003 2004 2005 2006

VIE European average

27 Long-Term Forecast

Passenger growth at VIE 2000 - 2015

28 26.7 Average growth rate 2008-2015: ~ 5.3% 25.4 26 24.2 24 23.0 21.8 22 20.7 19.7 18.7 20 17.7

PAX in mill. 16.9 18 15.9 Forecast 2007: + 5.0% 16 14.8

14 12.8 11.9 11.9 12.0 2006: + 6.3% 12

10

0 1 3 4 5 8 9 0 3 0 0 02 0 0 0 06 07 0 0 1 11 12 1 14 15 0 0 0 0 0 0 0 20 2 20 2 2 20 20 20 2 2 20 2 20 2 20 20

28 Strategy

29 Strategy z Airport Segment ¾ Goal: growth of 1% over the European average ¾ Focus on Eastern Europe, transfer hub and low-cost carriers ¾ Tariffs and incentives ¾ Capacity measures z Handling Segment ¾ Goal: maintain market share and quality standards z Non-Aviation Segment ¾ Goal: significant increase in shops and gastronomy ¾ Real estate development ¾ Increase in parking revenues ¾ Security services

30 Strategy Segment Airport z Optimisation of tariff structure ¾ Tariff formula extended to 2009 ¾ Incentives continued

Changes in tariff regulations as of 1.1.2007 ¾ No change in passenger service charge

¾ Decrease of 1.38% in landing charge

31 Tariffs in Comparison *Flights to all regions – all airlines - excl. security Rang Airport Index 1 MAD 65% 2 GVA 71% t 3 CPH t 71% 4 BRU 73% 5 KLU chni 75% hs c

6 ZRH r 80% 7 BUD u 84% D 8 MXP 85% 9 MLA 87% 10 WAW 92% 11 PRG 93% 12 BTS 95% 13 VIE 96% 14 KSC 97% - Average 100% 15 TXL 105% 16 SZG 105% 17 DUS 105% 18 GRZ 106% 19 STR 106% 20 AMS 106% 21 MUC 107% 22 CGN 110% 23 HAJ 112% 24 LNZ 116% 25 INN 119% 26 CDG 122% 27 LHR 125% 28 FRA 127% 29 HAM 128% 30 ATH 135%

-€€ pr250o Turnarou€nd 0 € 250 € 500 € 750 € 1,000 € 1,250 € 1,500 € 1,750 € 2,000 € 2,250 € 2,500 € 2,750

Landetarif Infrastruktur Parkgebühr Passagierentgelt

Note: The VIE growth and transfer incentive were deducted from the landing tariff because these measures benefit the airlines. 32 Strategy Airport Segment z Marketing activities ¾ Increased marketing activities in Eastern Europe, Near East and Far East ¾ New Airlines in 2007: Delta Air Lines, Korean, Sky Europe, Krasair, Air Transat, Saudi Arabian Airlines, Clickair, Eastonian Air, Air One

33 Strategy Airport Segment z Capacity measures ¾ Opening of Skylink in early 2009 ¾ Gross floor space ¾ Terminal 76,000m² ¾ Pier 71,000m² ¾ Infrastructure areas 3,000m² ¾ Safeguard minimum connecting time of 25 minutes ¾ Parallel to guarantee capacity over the long-term ¾Start of environmental impact study

34 Strategy Handling Segment z Long-term contracts ¾ Korean up to 12/2010 ¾ Austrian up to 12/2009 ¾ Eva Air up to 02/2009 ¾ China Airlines up to 12/2009 75% of market share secured ¾ Qatar up to 12/2009 ¾ Emirates up to 12/2008 (2006: 90% market share) ¾ Air Berlin up to 03/2008 ¾ Niki up to 03/2008 z Expansion of cargo and logistic areas ¾ Air Cargo Center (cargo areas expanded from 30,206m2 to 48,724m2) zPunctuality ¾ Number three among selected airports in Europe

35 Strategy Non-Aviation Segment z Skylink Terminal: ¾ Substantial increase in retail and gastronomy space beginning in 2009 Current Decr. in Available New areas in . space space space Skylink 2006 as of 2009 as of 2009

Retail / Gastronomy 11,200 m2 3,500 m2 12,000 m2 19,700 m2 z Office Park II – Opening in June 2007 z Parking ¾ 2006: 15,400 parking spaces plus 5,000 spaces off-airport ¾ 2008: plus 2,600 (expansion of car parks) z Vienna International Airport Security Services GesmbH ¾ Higher revenues through increase in security services

36 International Projects

37 International Projects

z Acquisitions ¾ Kosice Airport Kosice ¾ Malta International Airport ¾Friedrichshafen Airport

38 International Projects Kosice Airport z Second largest airport in Slovakia 66% owned by TwoOne Consortium since 25 October 2006 z Total area: 3.4 km² z 1 runway: ¾ Runway 01/19: 3,100 m z 343,818 passengers in 2006 (+ 27.4%) z Investments: ~EUR 11 m z Crossroads between 4 countries: Poland – Ukraine – Hungary - Slovakia z Gateway to High Tatra tourism region

39 International Projects: Malta z Partial business year: z Owners April – December 2006 - Government of Malta: 20.0% ¾ Turnover: EUR 32.8 m - Private investors: 29.9% ¾ EBITDA margin: 47.7% - VIE through 100% subsidiary 10.1% ¾ EBIT margin: 38.1% - MMLC (thereof VIE: 57%) 40.0% z Passengers in 2006 ¾ 2,701,624 (-2.8%) z New Airlines in 2007 ¾ Ryan Air ¾ Germanwings (March 2007) ¾ Meridiana (Summer 2007)

EBIT and share price have doubled since 2002.

40 Letter of Intent: Flughafen Friedrichshafen

z Total area: 150 ha

z 1 runway: ¾ Runway 06/24: 2.356m z Approx. 650,000 passengers in 2006 (~ +10.0%)

z Airlines: Intersky, Air Berlin, Lufthansa, Icelandexpress

z Crossroads between 3 countries: – –

41 Robert Dusek FürInve sweiteretor Relation Informationens kontaktieren Sie bitte:

Tel: 01/7007-23126 Fax: 01/7007-23058 E-mail: [email protected] Michael Kochwalter Communications

Tel: 01/7007-23333 Fax: 01/7007-23806 E-mail: [email protected]

VIE in the Internet: Flughafen Wien AG

P.O. Box 1 www.viennaairport.com A-1300 Wien-Flughafen

42 Thank you!

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