Schiphol Group Schiphol Group 2008 Annual Results Presentation - - PowerPoint PPT Presentation

Schiphol Group

2008 Annual Results Presentation Press Briefing

Schiphol Group

2008 Annual Results Presentation Press Briefing

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Disclaimer

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Agenda

• 4. Outlook
• 5. Sharpened strategic focus
• 2. Group Results 2008
• 3. Developments per Business Area in 2008
• 1. Key Highlights

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Agenda

• 4. Outlook
• 5. Sharpened strategic focus
• 2. Group Results 2008
• 3. Developments per Business Area in 2008
• 1. Key Highlights

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Agenda

• 4. Outlook
• 5. Sharpened strategic focus
• 2. Group Results 2008
• 3. Developments per Business Area in 2008
• 1. Key Highlights

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Financial highlights 2008

Decrease in 2008 net result expected from the outset, but traffic and result development worse than expected due to deterioration economic climate

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Schiphol Group Key Financial Figures

Earnings per share 41% lower in 2008

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Schiphol Group Key Financial Figures

Decrease in Total equity includes effect of super dividend of EUR 500 million and issue of EUR 370 million in new shares to AdP

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FY ‘07 Net Result bridge to FY ’08 Net Result

Higher operating expenses and lower fair value gains

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Agenda

• 4. Outlook
• 5. Sharpened strategic focus
• 2. Group Results 2008
• 3. Developments per Business Area in 2008
• 1. Key Highlights

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Breakdown by Business Area

Consumers and Real Estate account for 79% of operating result Aviation accounts for 62% of total Investments

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Aviation

Revenue decreases due to lower airport charges and a decrease in traffic

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Aviation

Passenger numbers at Amsterdam Airport Schiphol decreased 0.8% to 47.4 million

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31.7 mln (-2.5%)

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Aviation

Continued investment: critical for Schiphol Group and the future of the mainport

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Aviation - cost per WLU

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Consumers

Result lower due to new investments in organisation in combination with a flat revenue development

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Real Estate

Results decreased due to EUR 93 million lower fair value gains compared to 2007, however, adjusted results were up 29%

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Real Estate

Investments were at a significantly lower level compared to 2007 Operating expenses also decreased by 6%

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Alliances & Participations

Continued traffic growth at Eindhoven Airport, a drop in traffic at Rotterdam Airport

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Alliances & Participations

Industrial co-operation with Aéroports de Paris important strategic step

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Agenda

• 4. Outlook
• 5. Sharpened strategic focus
• 2. Group Results 2008
• 3. Developments per Business Area in 2008
• 1. Key Highlights

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Outlook

Negative traffic developments and lower non-aviation revenue to hit 2009 results

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Agenda

• 4. Outlook
• 5. Sharpened strategic focus
• 2. Group Results 2008
• 3. Developments per Business Area in 2008
• 1. Key Highlights

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Competitive position of the mainport under pressure

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Pax developm ent 2008 OD vs Transfer

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Traffic in 2008

Significant decline in passengers due to ticket tax and economic downturn

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Schiphol’s strategy is based on two pillars

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Ambition for Schiphol

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Sharpened strategic focus

Core function is “connecting”

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Our response

We are taking swift action to become the most preferred airport

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Level playing field

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