IR Presentation. October 2018 Traffic Figures 9M 2018 Financial Results

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Transcription:

IR Presentation October 2018 Traffic Figures 9M 2018 Financial Results

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

Agenda - Financial Highlights - Traffic Performances - Business Update - 2018 Outlook - Detailed Financials 3

Financial Highlights Traffic Growth reflected in Group Results mil. Revenue 2,547 EBITDA Group result before minorities 2,229 2,206 1 2,364 1 808 880 342 378 9M 2017 9M 2018 9M 2017 9M 2018 9M 2017 9M 2018 Key Messages 4 Traffic Growth and Construction Work increases Group Revenue Key Driver for EBITDA Improvement: International Activities Outlook fulfilled. Underlying EBITDA at ~ 851 mil. & Group result at ~ 293 mil. Outlook Strong fulfilled. Impact Underlying on Financial EBITDA and Group at ~ 851 Result mil. also & Group from Antalya result at ~ 293 mil. 11% EPS Growth to EUR 3.73, 9M 2017: EUR 3.35 2018 FY Outlook confirmed 1 Revenue w/o IFRIC 12 construction effect

Financial Highlights EBITDA +30%, EPS +60%, IAS biggest single Segment! Segment Share in EBITDA 23% 28% 34% 25% 37% 26% 9M 2016 9M 2017 9M 2018 7% 5% 4% 42% 36% 33% Aviation Ground Handling Retail & Real Estate International Activities & Services Last 24M Development 5 EUR +203mn Group EBITDA from EUR 677mn to EUR 880mn IA&S Segment more than doubled from EUR 158mn to EUR 326mn FRA Segments grew from EUR 519mn to EUR 554mn Outlook fulfilled. Underlying EBITDA at ~ 851 mil. & Group result at ~ 293 mil. EBT +40% from EUR 350mn to EUR 498mn EPS +60% from EUR 2.35 to EUR 3.73

Agenda - Financial Highlights - Traffic Performances - Business Update - 2018 Outlook - Detailed Financials 6

Traffic Performances Passenger Momentum remains robust Airport operations Fraport Share OCT 2018 D previous year YTD 2018 D previous year FY 2017 D previous year Frankfurt 100% 6,372 +5.2% 59,341 +8.0% 64,500 +6.1% Brasil 100% 1,274 +5.2% 12,121 +5.7% 13,939 +4.4% Ljubljana 100% 161 +5.1% 1,586 +9.3% 1,683 +19.8% Greek regionals 73.4% 2,494 +6.1% 28,439 +8.6% 27,583 +10.3% Lima 70.01% 1,931 +3.3% 18,460 +7.8% 20,607 +9.3% Twin Star 60% 155 +26.2% 5,415 +12.8% 4,953 +8.4% Antalya 51% 3,749 +29.2% 30,203 +22.6% 26,346 +38.5% St. Petersburg 25% 1,547 +15.2% 15,563 +11.5% 16,125 +21.6% Xi an 24.5% 3,973 +6.8% 37,468 +7.4% 41,856 +13.1% 7

Traffic Performances 10M 2018 Frankfurt Passenger Split North America D 13% +3% Western Europe D Latin America D 3% +1% 45% +12% Domestic D Africa 11% +5% Frankfurt Airport 4% D +11% Eastern Europe D 9% +15% Middle East D 5% +1% Far East D 10% -1% 90 85 802018 75 2017 70 Average seat load factors 10M 80.0% 80.0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Continental D 65% +11% Intercontinental D 35% +2% 8

Agenda - Financial Highlights - Traffic Performances - Business Update - 2018 Outlook - Detailed Financials 9

Business Update Brazilian Airports: Fortaleza & Porto Alegre Porto Alegre Airport Passengers: 8m (FY 2017) Concession Duration: 25 Years Capex obligation a.o.: Runway extension Terminal expansion Car Parking building Ground Breaking: 03 / 18 Financing: expected Q4 / 18 Fortaleza Airport Passengers: 5.9m (FY 2017) Concession Duration: 30 Years Capex obligation a.o.: Runway extension Terminal expansion Addition of boarding bridges Ground Breaking: 05 / 18 Financing: Signed 10 / 18 9

Business Update Greek Airports Strong Summer Season with 15+mn passengers welcomed in q3: +7.4% High passenger growth reveals infrastructure constrains and the airports need for capex. Single biggest construction project: Thessaloniki now started, approx. EUR 100mn capex, including a brand new terminal and full renovation of the existing one New Thessaloniki Terminal New Kavala Terminal soon to be ready First 3 Airports being ready: Chania: 3m Pax 2017 Zakynthos: 1.7m Pax 2017 Kavala: 0.3m Pax 2017 11

Business Update Frankfurt Winter Season New Winter Schedule as of October 28, 2018 1 Movements grow between 5 and 6%. Europe between 5 & 6% Intercont between: 5 & 6% 2 Seat capacities grow between 5 and 6%, Europe around 6%, 3Growth Intercont around 4 % drivers Continental & Intercont: Lufthansa & Condor 12

Business Update Frankfurt Operations Measures to Enhance Operations Security services Increase # of Lanes Restructure Security Processes Staffing More Staff in FRA More Staff at ATC & Border Control Infrastructure Upgrade Infrastructure More Buffer Times in Airline Planning 13

Business Update Frankfurt Pier G Permit Permit received August 16, 2018 Passenger capacity Initial capacity 4 to 5 mn passengers in 2021 Retail Approx. 2k sqm planned with Urban Lifestyle Concept Capex c.200mn until 2021 14

Business Update Frankfurt Retail Program: Stabilize, Recover, Grow! Short term (2018/19): Stabilize a. o. Sales Promotions, Increase Staff, Strengthen E-Commerce Mid term (until 2021): Recover a. o. World of Taste and World of Beauty concept T1B, Focus on shop makeover, Food concepts, high luxury brands Long term (as of 2021/22): Grow a. o. new shopping concepts for Pier G and T3 15

Agenda - Financial Highlights - Traffic Performances - Business Update - 2018 Outlook - Detailed Financials 16

2018 Outlook Outlook confirmed 2017 Results 2018 Outlook Passengers FRA 64.5 mil. Slightly above 69 mil. Revenue excl. IFRIC 12 2.89 bn Up to ~ 3.1 bn EBITDA EBIT Group result before minorities 1,003 mil. 643 mil. 360 mil. Upper level of ~ 1,080 to ~ 1,110 mil. guidance + contribution from Hanover sale Upper level of ~ 690 to ~ 720 mil. guidance + contribution from Hanover sale Upper level of ~ 400 to ~ 430 mil. guidance + contribution from Hanover sale Dividend proposal 1.50 / share Increase 17

Agenda - Financial Highlights - Traffic Performances - Business Update - 2018 Outlook - Detailed Financials 18

Detailed Financials Internationals drive Revenue Increase, FRA with solid Growth in mil. FRA Segments: +42mn International Act & Services: +117mn +183 2,547 +66 +2 +6 +4-8 -3 2,364 +50 2,206 +25 +16 +8-4 -6-19 +27-5 9M 2017 Av. Revenue charges w/o IFRIC 12 Sec. Parking Retail Real Land GH Other Greece Brasil Lima Twin Slovenija USA Other 9M 2018 IFRIC Estate sales Star Revenue 12 w/o IFRIC 12 9M 2018 Revenue Due to commercial rounding discrepancies may occur when summing up 19

Detailed Financials Internationals key Driver +46mn, FRA +27mn FRA: INT: +10m Property sales --16m 20m Greece - 13m 19m Brazil Brasil + - 3m 1m USA + - 2m 1m Lima FRA: - -16m 28m FRA subs. Ground + other subs - 12m - 17m WagesAG AG - 10m - 6m FraSec Extra shifts - +19m 3m Extra Volume shifts AG +14m - 16m Volume FraSecAG Other: -+ 1m Other + + 3m 5m Restructuring provision FRA: - 4m Capex expenses - 6m Partial retirement INT: - 5m Brasil INT: - -7m 11m Brazil Brasil - 3m Greece -- 3m 4m Greece + 3m USA - 1m Other - 2m Slovenija + 1m Other Restructuring effect: - 367 Employees in Parent company +180-32 -65-10 880 808 EBITDA 9M 2017 Revenue w/o IFRIC 12 + Other income Cost of materials excl. IFRIC 12 Personnel cost Other opex EBITDA 9M 2018 Due to commercial rounding discrepancies may occur when summing up 20

Detailed Financials EBITDA Growth overcompensates Greece s Q1 Capital Cost FRA: -20m INT: -13m Greece -10m Brasil + 9m USA + 2m Lima Interest result: -23m -mainly: -23m Greece - 5m Brasil + 5m Lima At equity result: + 4m -mainly: +14m Antalya - 4m FCS - 2m Retail JV - 5m JV tax treatment Other result: + 2m + 0.38 +72-33 -17 +12 378 3.73 342 3.35 Group result 9M 2017 EBITDA D&A Financial result Taxes Group result 9M 2018 EPS 9M 2017 EPS 9M 2018 Due to commercial rounding discrepancies may occur when summing up 21

Detailed Financials Positive FCF despite higher Capex in mil. -142 +1 3,571 3,512 +652-134 -194 +12-103 -85-24 -42 Free Cash Flow 9M 2018: + 82m Net debt FY 2017 OCF Brasil capex Greece capex Lima capex Fixed FRA concession expansion payments & other holdings Other capex Dividends Dividends from paid at equity investments Misc. Net debt Conso. Sep. 30, 18 & F/X effects Comments mil. 9M 18 9M 17 % 22 OCF lower due to working capital changes, w/o changes in working capital: OCF up by 9% Positive FCF despite elevated capex in Brazil, Greece and FRA Slight increase in net debt due to dividend payout Group equity up thanks to positive Group result Gearing ratio improved by c.6 PP to approx. 88% OCF before WC changes 692 632 1 +9.4 OCF after WC changes 652 712 1-8.4 Capex 2 582 327 +77.8 Free cash flow 3 82 388-78.8 Net debt 3,571 3,512 4 +1.7 Equity 4,237 4,029 4 +5.2 Gearing ratio 88 94 4-6PP Capex figures including downpayments to EPC companies 1 = Operating cash flow definition adjusted to exclude fixed concession payments, PY values restated 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 = OCF Capex + Dividends from at equity investments 4 = YE 2017 values

Detailed Financials Aviation in mil. Increasing effects Decreasing effects +25 +16 +2 +11-16 -7 232 201 EBITDA 9M 2017 Aviation charges 1 Security services Other revenue Other income Staff cost Other opex EBITDA 9M 2018 Comments P&L in mil. 9M 18 9M 17 % Increase in airport charges due to traffic growth Revenue 764 721 +5.9 23 Additional revenue from security services 100% overcompensated by staff cost for security personnel Other opex also adversely impacted by security business: ~ 5m Staff cost outside security business flat Increase in EBITDA & EBIT driven by airport charges and other income - Airport charges 1 617 592 +4.1 - Security services 111 95 +17.2 - Other revenue 36 34 +5.6 EBITDA 232 201 +15.0 EBIT 127 114 +11.7 Employees 6,159 5,854 +5.2 1 Aviation charges including reimbursements to airlines based on growth incentives Due to commercial rounding discrepancies may occur when summing up, percent changes based on unrounded figures

Detailed Financials Retail & Real Estate in mil. Increasing effects Decreasing effects 288-4 -6 +8-24 +16 +13-1 290 EBITDA 9M 2017 Retail Real Estate Parking Other revenue Other income Staff cost Other opex EBITDA 9M 2018 24 Comments P&L in mil. 9M 18 9M 17 % Parking revenue up due to passenger increase Real Estate down due to energy contract awarded to competitor Retail revenue per Passenger down due to: Disproportionate high growth of cont. passengers Queuing: i.a., 8% more passengers; -2% shoppers F/X: those who shopped DTF spend c.3% less Less advertising revenue due to 2017 fairs Other revenue down due to less land sales Less opex due to less property sales & energy supply Revenue 368 394-6.7 - Retail 149 153-2.6 - Real Estate 139 145-3.9 - Parking 73 65 +11.5 - Other revenue 7 31-78.5 EBITDA 290 288 +0.6 EBIT 224 226-0.9 Employees 646 651-0.8 Due to commercial rounding discrepancies may occur when summing up, percent changes based on unrounded figures

Detailed Financials Frankfurt Retail Revenue per Passenger Including Heinemann JV Retail revenue per Passenger 9M 17: 3.41 9M 18: 3.00 3.86 3.38 3.11 3.67 3.29 2.938 2.86 3.67 3.76 3.57 3.28 3.02 3.27 2.89 2.80 9M 17: 3.31 9M 18: 2.96 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Retail revenue streams -1-4 2 Top 5 Spenders China Russia S.Korea Vietnam Brazil -5-2 -12-12 -15-20 Left columns = % change in volumes vs. 9M 2017 Right columns = % change in spending vs. 9M 2017 Top 5 Volumes 17 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Shopping 28.2 31.6 31.9 31.4 26.7 29.2 30.8 US Germany Turkey UAE India Services Advertising 13.0 14.6 15.9 15.0 8.2 9.0 9.3 9.3 13.1 15.3 16.8 7.4 8.1 9.2 2 5 14 6 1 DTF-JV 25 1.4 1.6 1.7 1.6 0.3 0.7 1.2 Destination tracked not nationality -3-12 -1-3 Left columns = % change in volumes vs. 9M 2017 Right columns = % change in spending vs. 9M 2017 Source: sales/revenue data of Gebr. Heinemann by destinations. -7

Detailed Financials Ground Handling in mil. Increasing effects Decreasing effects +18 +9-1 +1-25 -7 38 33 EBITDA 9M 2017 GH revenue Infrastructure charges Other revenue Other income Staff cost Other opex EBITDA 9M 2018 Comments P&L in mil. 9M 18 9M 17 % MTOW, Movements & Passengers increase revenue More staff hired in Ground Handling subsidiaries to handle traffic growth resulted in higher staff cost of 27mn, less staff cost in parent company (-2m) despite higher wages Higher other opex also driven by traffic growth New hiring's to secure quality offset revenue growth, thus EBITDA & EBIT down Revenue 509 483 +5.4 - Ground Handling 261 243 +7.2 - Infrastructure 239 230 +4.1 - Other revenue 9 10-9.4 EBITDA 33 38-13.9 EBIT 1 9-92.9 Employees 9,007 8,536 +5.5 26 Due to commercial rounding discrepancies may occur when summing up, percent changes based on unrounded figures

Detailed Financials International Activities & Services EBITDA in mil. Increasing effects Decreasing effects +2 +1 +26 +2-6 -8 326 +29-1 280 EBITDA 9M 2017 Brasil Greece Twin Star Slovenija USA Lima USA Others EBITDA 9M 2018 Comments P&L in mil. 9M 18 9M 17 % First-time Fortaleza + Porto Alegre contribution Traffic growth improved Greek revenue and EBITDA contribution Negative US performance due to loss of Boston contract compensated by Slovenija, Twin Star & Lima Positive Lima performance; +8m local USD EBITDA offset by negative F/X translation Revenue 908 631 +43.8 - excl. IFRIC 12 725 608 +19.2 EBITDA 326 280 +16.4 EBIT 229 192 +19.1 Employees 6,129 5,618 +9.1 Solid EBITDA & EBIT increase Due to commercial rounding discrepancies may occur when summing up, percent changes based on unrounded figures 27

Detailed Financials Performance of Major Airport Investments Fully consolidated Group companies million Share in % Revenue 1) EBITDA EBIT Result 9M 2018 9M 2017 Δ % 9M 2018 9M 2017 Δ % 9M 2018 9M 2017 Δ % 9M 2018 9M 2017 Δ % Fraport USA 100 41.4 48.9 15.3 4.2 10.2 58.8 0.9 2.0 0.6 3.2 81.3 Fraport Slovenija 100 35.5 31.4 +13.1 15.0 12.6 +19.0 7.7 5.3 +45.3 6.5 4.7 +38.3 Fortaleza + Porto Alegre 2) 100 139.8 28.5 18.7 6.2 Fraport Greece 3) 73.4 307.8 181.4 +69.7 132.3 106.2 +24.6 97.9 84.8 +15.4 19.4 29.0 33.1 Lima 70.01 256.1 244.2 +4.9 92.1 91.3 +0.9 81.3 78.4 +3.7 53.8 47.8 +12.6 Twin Star 60 68.4 62.5 +9.4 42.5 40.2 +5.7 33.6 31.6 +6.3 27.3 25.0 +9.2 Group companies accounted for using the equity method million Share in % Revenue 1) EBITDA EBIT Result 9M 2018 9M 2017 Δ % 9M 2018 9M 2017 Δ % 9M 2018 9M 2017 Δ % 9M 2018 9M 2017 Δ % Antalya 51/50 4) 264.2 215.7 +22.5 230.2 187.8 +22.6 148.4 106.2 +39.7 70.4 42.4 +66.0 Pulkovo/Thalita 25 212.9 205.7 +3.5 125.3 123.5 +1.5 99.4 95.3 +4.3 6.7 15.0 Xi'an 24.5 187.3 173.4 +8.0 83.0 87.4 5.0 48.2 50.1 3.8 40.4 41.2 1.9 Figures refer to IFRS accounting before consolidation, not local GAAP, percent changes based on unrounded figures 1) Revenue adjusted by IFRIC 12: Lima 9M 2018: 232.9 million (9M 2017: 230.6 million); Q3 2018: 84.0 million (Q3 2017: 79.2 million); Fraport Greece 9M 2018: 221.8 million (9M 2017: 172.0 million); Q3 2018: 129.5 million (Q3 2017: 115.2 million); Fortaleza + Porto Alegre 9M 2018: 66.1 million, Q3 2018: 22.3 million; Antalya 9M 2018: 258.3 million; Q3 2018: 148.5 million. 2) Sum of the Group companies Fortaleza and Porto Alegre. Operations from January 2, 2018. 3) The Group companies Fraport Regional Airports of Greece A and Fraport Regional Airports of Greece B are collectively referred to as Fraport Greece. Operations from April 11, 2017. 4) Share of voting rights: 51%, Dividend share: 50%. 28

Thank you for your Attention! Please consider the Environment before printing IR Contact T: +49 69 690-74844 F: +49 69 690-74843 M: investor.relations@fraport.de www.meet-ir.com Postal Frankfurt Airport Services Worldwide 60547 Frankfurt am Main Germany 29

Appendix Group Results million 9M 2018 9M 2017 Revenue 2,547.4 2,228.8 Revenue w/o IFRIC 12 2,364.4 2,205.8 Change in work-in-process 0.4 0.6 Other internal work capitalized 25.4 27.6 Other operating income 47.2 23.8 Total revenue 2,620.4 2,280.8 Total revenue w/o IFRIC 12 2,437.4 2,257.8 Cost of materials 721.5 529.3 Cost of materials w/o IFRIC 12 538,5 506,3 Personnel expenses 882.6 817.6 Other operating expenses 135.9 126.2 EBITDA 880.4 807.7 Depreciation and amortization 300.1 267.5 EBIT/Operating result 580.3 540.2 Interest income 21.0 22.8 Interest expenses 154.2 132.9 Result from companies accounted for using the equity method 40.4 36.0 Other financial result 10.5 8.5 Financial result 82.3 65.6 EBT/Result from ordinary operations 498.0 474.6 Taxes on income 120.2 132.3 Group result 377.8 342.3 thereof profit attributable to non-controlling interests 32.8 33.0 thereof profit attributable to shareholders of 345.0 309.3 Earnings per 10 share in Basic 3.73 3.35 Diluted 3.72 3.34 30

Appendix Group Cash Flow million 9M 2018 9M 2017 Profit attributable to shareholders of 345,0 309,3 Profit attributable to non-controlling interests 32,8 33,0 Adjustments for 31 Taxes on income 120,2 132,3 Depreciation and amortization 300,1 267,5 Interest result 133,2 110,1 Gains/losses from disposal of non-current assets 2,7 3,5 Others 14,6 3,4 Changes in the measurement of companies accounted for using the equity method 40,4 36,0 Changes in inventories 1,9 7,4 Changes in receivables and financial assets 78,0 71,9 Changes in liabilities 83,9 164,3 Changes in provisions 47,3 20,5 Operating activities 834,1 895,6 Financial activities Interest paid 94,0 100,5 Interest received 7,5 8,5 Paid taxes on income 95,5 91,9 Cash flow from operating activities 652,1 711,7 million 9M 2018 9M 2017 Cash flow from operating activities 652,1 711,7 Investments in airport operating projects 255,5 1.606,2 Capital expenditure for other intangible assets 5,2 6,8 Capital expenditure for property, plant, and equipment 319,9 186,8 Capital expenditure for "Investment property" 0,9 0,6 Investments in companies accounted for using the equity method 0,0 3,0 Dividends from companies accounted for using the equity method 11,6 3,4 Dividends from other investments 0,8 2,2 Proceeds from disposal of non-current assets 14,1 3,4 Cash flow used in investing activities excluding investments in cash deposits and securities 555,0 1.794,4 Financial investments in securities and promissory note loans 86,3 68,9 Proceeds from disposal of securities and promissory note loans 95,1 117,9 Increase/decrease of time deposits with a term of more than three months 24,6 188,2 Cash flow used in investing activities 521,6 1.557,2 Dividends paid to shareholders of 138,6 138,5 Dividends paid to non-controlling interests 3,2 6,0 Capital increase 0,0 2,5 Capital contributions for non-controlling interests 0,0 47,1 Cash inflow from long-term financial liabilities 85,0 1.206,0 Repayment of long-term financial liabilities 102,6 289,7 Changes in current financial liabilities 205,9 181,4 Cash flow used from financing activities 46,5 1.002,8 Changes in restricted cash and cash equivalents 22,5 23,3 Change in cash and cash equivalents 199,5 180,6 Cash and cash equivalents as at January 1 and July 1 461,0 448,8 Foreign currency translation effects on cash and cash equivalents 0,7 19,0 Cash and cash equivalents as at September 30 659,8 610,4

Appendix Group Balance Sheet Assets million September 30, 2018 December 31, 2017 Liabilities and equity million September 30, 2018 December 31, 2017 Non-current assets Goodwill 19,3 19,3 Investments in airport operating projects 2.708,1 2.621,1 Other intangible assets 128,0 132,4 Property, plant and equipment 6.009,2 5.921,5 Investment property 87,8 96,4 Investments in companies accounted for using the equity method 280,3 268,1 Other financial assets 469,9 488,6 Other receivables and financial assets 182,5 190,9 Deferred tax assets 40,3 41,0 9.925,4 9.779,3 Current assets Inventories 27,4 29,3 Trade accounts receivable 227,9 143,5 Other receivables and financial assets 303,5 245,5 Income tax receivables 18,0 5,4 Cash and cash equivalents 781,1 629,4 1.357,9 1.053,1 Assets held for sale 31,1 31,1 Total 11.314,4 10.832,4 Shareholders equity Issued capital 923,9 923,9 Capital reserve 598,5 598,5 Revenue reserves 2.521,9 2.345,7 Equity attributable to shareholders of 4.044,3 3.868,1 Non-controlling interests 192,9 160,6 4.237,2 4.028,7 Non-current liabilities Financial liabilities 3.733,4 3.955,6 Trade accounts payable 44,1 42,4 Other liabilities 1.040,1 1.090,1 Deferred tax liabilities 206,2 203,8 Provisions for pensions and similar obligations 34,5 34,2 Provisions for income taxes 72,5 70,3 Other provisions 161,8 147,2 5.292,6 5.543,6 Current liabilities Financial liabilities 1.002,6 575,4 Trade accounts payable 188,5 185,9 Other liabilities 342,5 249,7 Provisions for income taxes 51,5 33,1 Other provisions 188,5 216,0 1.773,6 1.260,1 Liabilities related to assets held for sale 11,0 11,0 Total 11.314,4 10.832,4 32

Appendix Organization of Security Process in Germany Current status Airports request Supervises Manages / Supervises Staff Fed. Police Security Co. Fed. Ministry Awards Procures Technology Procurement Department of Fed. Ministry Technology Licenses Staff Supervises Fed. Police Supervises Awards Security Co. Manages Fed. Ministry Airport Set up Technology Licenses Procurement Department of Fed. Ministry Procures Technology Security Check Area Airport Security Check Source: ADV 33

Appendix IFRS 16 Accounting Impact on Lease Obligations Current Accounting As of 2019 Assets Balance sheet Liabilities Assets Balance sheet Liabilities Not recognized Not recognized Right to use asset NPV of lease obligations Revenue P+L Expenses n. a. All expenses recorded as cost of material Cost 100% reflected in EBITDA Revenue n. a. P+L Expenses EBITDA unimpatced by lease cost D&A on Right to use 34 IFRS 16 accounting for lessees in a nutshell: Transition from off-balance to on-balance, i.e., leasing contracts (mainly building / land rental contracts and retail concession agreements) must in future be accounted for in the same way as IFRIC 12. Recognition of a right to use and a liability in the amount of the present value of the future lease payments (previously only the future nominal payments were disclosed in the notes) = EBITDA relief and increase in D&A and interest expenses. For Fraport: approx. 30 to 40mn increase in EBITDA, mildly positive on EBIT and mildly negative on EBT. Additional assets and liabilities of up to 300mn to be recorded EBIT partly impacted by D&A on right to use Interest on NPV adjustment Cost 100% reflected in EBT

Appendix Maturity Profile & Cash Position as at September 30, 2018 mil. 5,000 4,500 4,736 Fraport debt conditions on average ~ 3.2% interest rate 4,000 3,500 3,000 2,500 2,000 Book values Nominal values of debt repayment 1,500 1,000 500 0 35 1,165 Liquidity as of Sep 30, 2018 Financial Liabilities 568 1,204 183 421 424 118 151 187 275 1,192 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027++