Fraport : 9M2023_Analyst Presentation

Analyst Presentation I November 2023

3Q23

Dr. Stefan Schulte, CEO l Prof. Dr. Matthias Zieschang, CFO

Disclaimer

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2	3Q23 Analyst Presentation I November 2023

3Q23 Review

All-time High Revenues, EBITDA & EPS!

3Q23	Revenues ex. IFRIC 12

EUR 1,083mn

+17% vs. 22 l +11% vs. 19

3Q23 EBITDA

EUR 478mn

+14% vs. 22 l +9% vs. 19

3Q23 EPS

EUR 2.55

>100% vs. 22 l +6% vs. 19

3Q23	Free Cash Flow

EUR 61mn

-51% vs. 22 l -55% vs. 19

3	3Q23 Analyst Presentation I November 2023

9M23 Review

Full Revenue & EBITDA Recovery vs. 2019

9M23	Revenues ex. IFRIC 12

EUR 2,632mn

+23% vs. 22 l +6% vs. 19

9M23 EBITDA

EUR 960mn

+16% vs. 22 l +1% vs. 19

9M23 EPS

EUR 3.42

>100% vs. 22 l -17% vs. 19

9M23	Net Debt/ LTM EBITDA

6.4x

-0.9x vs. 22 l +3.1x vs. 19

4	3Q23 Analyst Presentation I November 2023

3Q23 Review

Steady Ramp-Up in Frankfurt Passenger Numbers

Frankfurt Passenger Recovery vs. 2019

82%

77%

22%

40%

Frankfurt Airport Passenger Recovery Chinese Recovery at Frankfurt Airport

~90%

86%

~80%

54%

Steady Increase in Passenger

Momentum; despite Capacity Shortages in

Ground Operations, Airlines & ATC

Continued Traffic Ramp-Up will lead to

Clear Traffic Upside in FY24

Preliminary FRA OCT 2023 Passengers:

~88% of 2019

1Q23	2Q23	3Q23	Winter flight
			plan

YTD at ~83% of 2019

5	3Q23 Analyst Presentation I November 2023

3Q23 Review

International Portfolio Fully Recovered

3Q Passengers ex. FRA back at

~100% of 2019

9M23 Passenger Recovery vs. 19 3Q23 Passenger Recovery vs. 19

112% 114%

88% 91%

86% 87%

Fraport Greece with Best-in-Class		Total Group Airports achieving
Passenger Performance: +14% vs. 3Q19		90+% of 2019

			99%102%	97%100%					91%	96%
67%	74%		72% 67%									82% 86%

Greece	Lima	Brasil	Ljubljana	Twin Star	Antalya	Group	Frankfurt	Group
						ex. FRA		Total

6	3Q23 Analyst Presentation I November 2023

Lima Airport

New Terminal Progress

• Significant Progress on Construction Site Accelerates Commissioning Date
• New Terminal to be Ready in December 2024 (before: Start of 2025)

7	3Q23 Analyst Presentation I November 2023

Frankfurt Airport

Terminal 3 Progress

• Marketing of ~5k sqm Lounge Areas & ~10k sqm Retail Areas started
• Images Illustrate New Lounge Areas & T3 Location

8	3Q23 Analyst Presentation I November 2023

Frankfurt Airport

Terminal 1 Progress

• Security Relocation in Terminal 1B started
• Gradual Roll-out of New Security Equipment & Automated Bag Drop Facilities

9	3Q23 Analyst Presentation I November 2023

Frankfurt Airport

Further Measures to Decarbonize

• Test Run for New Solar Park Completed
• Following Approvals: 2.8km Solar Park to be Constructed Next to Runway West

PV Area

10	3Q23 Analyst Presentation I November 2023