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IR Presentation

August 2018 Traffic Figures

H1 2018 Financial Results

Fraport AG

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 – whetherexpress or implied – is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctnessof the information or opinions contained therein. Neither the company nor any of its affiliates, advisors or representatives shallhave any liability whatsoever (in negligence or otherwise) for any loss arising from any use of this document or its content orotherwise 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 norany 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 themanagement 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 ofFraport – 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 thecompany nor its management can give any assurance regarding the future accuracy of the opinions set forth in this documentor the actual occurrence of the predicted developments.

By accepting this document, you agree with the foregoing.

IR Presentation I August 2018 Traffic Figures I H1 2018 Financial Results2

Disclaimer

Fraport AG

- Business Update

- Traffic Performances

- H1 2018 Financials

- FY 2018 Outlook


Agenda

Fraport AGIR Presentation I August 2018 Traffic Figures I H1 2018 Financial Results4

Business Update

Operational and Financial Highlights

Strong Traffic Performance continues

Lufthansa & LCC’s key Drivers for

Growth

Building Permit for Pier G received

Aviation & Car Parking

with clear Revenue Growth

Retail still impacted by F/X, Passenger

Mix and Queuing Times

New Hiring's & Extra Shifts burdened

Ground Handling Results

High Passenger Growth across Portfolio

Antalya with outstanding Recovery

Takeover of Brazilian Airport

Concessions

Good Construction Progress in Greece

New Contracts awarded to Fraport US

Agreement to sell Hanover Stake signed

USD & BRL Depreciation adversely

impacted Lima, US and Brasil EUR

Performances

FrankfurtFrankfurt Internationals

Fraport AG5

Business Update

Terminal 3 Overview

2nd stage1st stage

Pier G

Terminal 3 Pier G: 1st stage

Planned inauguration: 2021

Passenger capacity: ~4 to 5 mil. p. a.

Parking positions: 9

Flexible Schengen/Non-Schengen operations due to

swing gates

Capex: about €200 mil.

Terminal 3: Main Hall and Piers H & J

Planned inauguration: 2023

Passenger capacity: ~14 mil. p. a.

Parking positions: 24

400m Pier H for Schengen operation

600m Pier J for Non-Schengen operation

Capex: ~€3 bn.

0

100

200

300

400

500

2017 18 19 20 21 22 23 24 25 2026

Rough capex phasing

T3Pier G

€ mil.

Planned Inauguration: 2021 on. I ~18 to ~19 mil. Passengers Capacity1 I EUR c.3.2 bn. Invest1

1 Piers H & J and 1st stage of Pier G

IR Presentation I August 2018 Traffic Figures I H1 2018 Financial Results

Permit to Construct Pier G received

2018 / 08 / 16

Fraport AG6

Business Update

New Shopping Concept in Pier G

2nd stage1st stage

Pier G

Target: Fitting LCC passengers‘ needs!

Focus on low to mid-range price segment

Focus on Food & Beverage

Flexibility of offering in marketplace and shops


Fraport AG7

Business Update

F/X, Queuing and Passenger Mix impacted Retail Business

3.7

-4.1 -4.7

-7.8

-13.0 -12.2-15

-10

-5

0

5

Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18

FRA Retail Revenue per Passenger in % vs PY’s Quarters

Performance of EUR vs. selected Retail Currencies

Q1

-1.6%

Q2 vs. Q1

+6.8%

Q3 vs. Q2

+2.7%

Q4 vs. Q3

+1.5%

Q1 vs. Q4

+0.1%

Q2 vs. Q1

-0.8%


Adjustments to FRA Retail Concepts to

be presented with Q3 Results


Business Update

Antalya on Track to reach all-time High!

8.2

28.3

18.7

26.3

2

6

10

14

18

22

26

30

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

Passengers per

year in mil.

2014: All time high

at 28.3 mil.

Following 2016 crisis: Antalya fully recovered within 2 Years

2016: sharp drop due to

ban on charter

traffic & geopolitics

2017: recovery from

Russian travelers

2018: recovery also from

Western European

travelers

All time high passengers

and net result expected !

Financials in € mil.1 2014 2015 2016 2017

Revenue 327 303 181 260

EBITDA 283 258 141 223

Net result 85 68 -24 40

1 100% values before consolidation and Group adjustments

Fraport AGIR Presentation I August 2018 Traffic Figures I H1 2018 Financial Results

Business Update

Brazilian Airport Concessions started

9

Fortaleza

Porto Alegre

Parking

Terminal building

Cargo

TAP Maintenance

Base

General Aviation

Utilities

Traffic PAX 2017: 8.0 million

Concession 25 years

Purchase

price

290.5m BRL upfront (~€85m)

91.5m BRL spread between

year 6 and concession end

+5% p.a. revenue-related

component

Investment

obligations

RWY refurbishment &

extension

Terminal refurbishment &

extension

Apron positions

Retail expansion

Traffic PAX 2017: 5.9 million

Concession 30 years

Purchase

price

425.0m BRL upfront (~€125m)

1,080.8m BRL spread between

year 6 and concession end

+5% p.a. revenue-related

component

Investment

obligations

RWY refurbishment &

extension

Terminal refurbishment &

extension

Apron positions

Retail expansion

Parking

Terminal

Cargo

Military

General Aviation

Utilities


Business Update

Greek Construction Timeline

Good first operational year with

~10% passenger growth in 2017

Also 2018 with outstanding traffic

result: YTD +~10%

Operational quick wins implemented

Main construction works started:

Half of the airports to be ready in

2019: Zakynthos, Kavala and

Chania (before Summer),

Kefalonia, Aktio, Samos and

Skiathos (post Summer)

Airports to be completed in 2020:

Mytilini, Kos, Rhodes and Santorini

Final round of airports to be ready

for summer 2021: Thessaloniki,

Corfu and Mykonos

New Thessaloniki Terminal

New Kavala Terminal

Fraport AGIR Presentation I August 2018 Traffic Figures I H1 2018 Financial Results

Business Update

New US Businesses

11

Concession to manage JFK, T5,

Retail areas started April 2018

Concession contains all F&B and

shopping areas of existing T5

~15 mil. passengers handled in

2017

Gradual takeover of retail areas

Contract signed August 15, 2018

Takeover of Retail area management

as of February 2019

~14 mil. Passengers handled in

2017

Fraport USA to be active at

5 US airports

Nashville International Airport

JFK Jet Blue Terminal


Business Update

Divestment of Hanover Stake

Agreement to sell 30% Hanover stake to iCON signed August 6, 2018

Purchase price fixed at € 109.2 mil.

Book value as of June 30, 2018: € 24.5 mil.

Out of disposal ~€85 mil. positive EBT impact expected, thereof:

~€25 mil. EBITDA gain

~€60 mil. positive impact on Result from at equity accounted companies

Co-shareholders still can exercise pre-emption right

Closing of transaction expected for q3/q4 2018

Hanover 2017 IFRS accounts

Revenue EBITDA Result Net debt

156.5 26.3 2.3 133.9100% values in € mil.

Transaction EBITDA multiple: 18.9

Ad hoc Announcement dated

2018 / 08 / 06

Fraport AG

- Business Update



- FY 2018 Outlook


Agenda


Traffic Performances

Positive Passenger Momentum keeps on

Airport operationsFraport

Share

AUG

2018

Dprevious

year

YTD

2018

Dprevious

year

FY

2017

Dprevious

year

Frankfurt 100% 6,798 +8.1% 46,344 +8.7% 64,500 +6.1%

Brasil 100% 1,246 +4.6% 9,535 +4.6% 13,939 +4.4%

Ljubljana 100% 202 +3.1% 1,233 +10.3% 1,683 +19.8%

Greek regionals 73.4% 5,410 +6.6% 21,400 +9.0% 27,583 +10.3%

Lima 70.01% 2,061 +6.6% 14,696 +8.8% 20,607 +9.3%

Twin Star 60% 1,384 +5.8% 4,472 +13.5% 4,953 +8.4%

Antalya 51% 4,925 +14.7% 22,018 +22.5% 26,346 +38.5%

Hanover 30% 667 +8.1% 4,153 +8.2% 5,870 +8.5%

St. Petersburg 25% 2,099 +11.6% 12,154 +11.1% 16,125 +21.6%

Xi‘an 24.5% 4,152 +8.8% 29,729 +7.9% 41,856 +13.1%


Traffic Performances

Frankfurt however will now face harder Comps…

1.8 1.0 1.8

10.0

5.7 5.3 4.4 5.0 5.4 6.4

21.1

7.3

0

5

10

15

20

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

7.6 8.5

13.2

5.8

9.5 9.87.5 8.1

0

5

10

15


+2% Summer Capacities +8% Winter Capacities-2% Winter Capacities

+8% Summer Capacities+8% Winter Capacities

2017 Frankfurt passenger growth in % vs. PY

2018 Frankfurt passenger growth in % vs. PY

Fraport AG

- Business Update



- FY 2018 Outlook


Agenda


H1 2018 Revenue Bridge

Internationals drive Revenue Increase, FRA with solid Growth

Due to commercial rounding discrepancies may occur when summing up

in € mil.

H1 2017

Revenue

w/o IFRIC 12

RetailParking Twin

StarUSA

1,345

+36

1,532

+17

+93

+12

+44 1,439

+6

H1 2018

Revenue

Av.

charges

Real

Estate

Other Greece SlovenijaGH Brasil LimaSec. H1 2018

Revenue

w/o IFRIC 12

IFRIC

12

+14

+4

-4 -4

FRA Segments: +19mn International Act & Services: +75mn

-3

-2 -7

Other

+4-4

-19

Land

sales

Fraport AG

FRA: - 16m FRA subs.

- 12m Wages AG

- 10m FraSec

- 3m Extra shifts

+14m Volume AG

+ 3m Restructuring

INT: - 7m Brazil

- 3m Greece

Other:

- 16m FRA subsidiaries

- 12m Wages AG

- 10m FraSec

- 3m Extra shifts

+14m Volume AG

+ 3m Restructuring provision

- 7m Brazil

- 3m Greece

- 2m



H1 2018 EBITDA Bridge

Internationals key Driver +32mn, FRA +9mn

EBITDA

H1 2017

Cost of

materials excl. IFRIC 12

Personnel

cost

EBITDA

H1 2018

Revenuew/o IFRIC 12

+ Other income

Other

opex

461

+97

-7

-36

420

-13

FRA: +10m Property sales

INT: - 16m Greece

- 13m Brazil

+ 3m USA

+ 2m Lima

Other: + 1m Other INT: - 6m Brazil

- 2m Greece

Other: + 1m

+10m Property sales

- 16m Greece

- 13m Brasil

+ 3m USA

+ 2m Lima

+ 1m

Restructuring gain:

- 393 Employees in Parent company



Group result

H1 2017

EBITDA D&A Financial

result

Taxes Group result

H1 2018

EPS

H1 2017

EPS

H1 2018

137

+41

141

-13

+3 €1.46

+€0.07

-27

FRA: - 1m

INT: -12m Greece

- 7m Brazil

+ 5m USA

+ 2m Lima

Interest result: -24m

-mainly: -22m Greece

- 5m Brasil

+ 3m Lima

At equity result: - 4m

-mainly: + 6m Antalya

- 2m FCS

- 2m Retail JV

- 7m JV tax treatment

Other result: + 1m

H1 2018 Group Result Bridge

EBITDA Growth compensates Greece’s Q1 Capital Cost

€1.39


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

› OCF lower due to working capital changes, w/o

changes in working capital: OCF up by 7%

› FCF negative due to increasing Brasil, Greece and

FRA capex

› FCF and dividend payout led to net debt of €3.7 bn.

› Group equity about €4.0 bn.

› Gearing ratio at c. 96%

Comments € mil. H1 18 H1 17 %

OCF before WC changes 366 3421 +6.8

OCF after WC changes 325 4061 -20.0

Capex2 359 211 +70.2

Free cash flow3 -23 198 -

Net debt 3,698 3,5124 +5.3

Equity 4,012 4,0294 -0.4

Gearing ratio 96 944 +2PP

Net debt

FY 2017

OCF

+325

-50

-90

-35

FRA

expansion

Greece

capex

Brasil

capex

Dividends

from

at equity

investments

Dividends

paid

Misc.

Conso.

& F/X effects

Net debt

Jun 30, 18

-62

-140

Free Cash Flow 6M 2018: - €23m

in € mil.

3,512

Other

capex

-110

3,698-23

+11

Lima

capex

Fixed

concession

payments &

other holdings

-12

H1 2018 Cash Flow & Net Debt Bridge

Working Capital Changes and higher Capex turn FCF negative

Fraport AG

- Business Update



- FY 2018 Outlook


Agenda


FY 2018 Outlook

Updated Outlook

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 € 1,003 mil.

Upper level of ~€1,080 to

~€1,110 mil. guidance +

contribution from Hanover sale

EBIT € 643 mil.

Upper level of ~€690 to ~€720

mil. guidance + contribution

from Hanover sale

Group result before minorities € 360 mil.

Upper level of ~€400 to ~€430

mil. guidance + contribution

from Hanover sale

Dividend proposal € 1.50 / share Increase


IR Contact

T: +49 69 690 - 74840

F: +49 69 690 - 74843

M: [email protected]

www.meet-ir.com

Thank you for your Interest!

Please consider the Environment before printing

Postal

Fraport AG

Frankfurt Airport Services Worldwide

60547 Frankfurt am Main

Germany

mailto:[email protected]

http://www.meet-ir.com/


Appendix

Group Results€ million H1 2018 H1 2017

Revenue 1,532.2 1,355.4

Revenue w/o IFRIC 12 1,438.5 1,345.2

Change in work-in-process 0.1 0.4

Other internal work capitalized 16.2 17.8

Other operating income 19.1 14.3

Total revenue 1,567.6 1,387.9

Total revenue w/o IFRIC 12 1,473.9 1,377.7

Cost of materials –432.3 –336.2

Cost of materials w/o IFRIC 12 –338.6 –326.0

Personnel expenses –586.0 –550.5

Other operating expenses –88.0 –81.2

EBITDA 461.3 420.0

Depreciation and amortization –192.4 –179.3

EBIT/Operating result 268.9 240.7

Interest income 13.6 16.0

Interest expenses –102.3 –81.0

Result from companies accounted for using the equity method 5.0 9.5

Other financial result 6.3 5.1

Financial result –77.4 –50.4

EBT/Result from ordinary operations 191.5 190.3

Taxes on income –50.7 –53.4

Group result 140.8 136.9

thereof profit attributable to non-controlling interests 6.2 8.6

thereof profit attributable to shareholders of Fraport AG 134.6 128.3

Earnings per €10 share in €

basic 1.46 1.39

diluted 1.45 1.39


Appendix

Group Cash Flow€ million H1 2018 H1 2017

Profit attributable to shareholders of Fraport AG 134.6 128.3

Profit attributable to non-controlling interests 6.2 8.6

Adjustments for

Taxes on income 50.7 53.4

Depreciation and amortization 192.4 179.3

Interest result 88.7 65.0

Gains/losses from disposal of non-current assets –3.1 3.2

Others –15.1 –1.0

Changes in the measurement of companies

accounted for using the

equity method –5.0 –9.5

Changes in inventories 1.6 7.4

Changes in receivables and financial assets –75.5 –63.6

Changes in liabilities 53.2 142.3

Changes in provisions –19.9 –22.1

Operating activities 408.8 491.3

Financial activities

Interest paid –34.5 –32.9

Interest received 5.0 7.1

Paid taxes on income –54.1 –59.1

Cash flow from operating activities 325.2 406.4

€ million H1 2018 H1 2017

Cash flow from operating activities 325.2 406.4

Investments in airport operating projects –158.7 –1,325.2

Investments for other intangible assets –3.5 –3.9

Capital expenditure for property, plant, and equipment –196.5 –112.5

Investments for "Investment property" –0.5 –0.4

Investments in companies for using the equity method 0.0 –3.0

Dividends from companies for using the equity method 10.8 2.7

Proceeds from disposal of non-current assets 14.1 1.6

Cash flow used in investing activities excluding

investments in cash deposits and securities –334.3 –1,440.7

Financial investments in securities and promissory

note loans –53.0 –67.6

Proceeds from disposal of securities and promissory

note loans 68.6 107.0

Decrease in time deposits with a term of more

than three months 19.6 187.8

Cash flow used in investing activities –299.1 –1,213.5

Dividends paid to non-controlling interests –138.6 –138.5

Capital contributions for non-controlling interests –1.1 –2.2

Capital increase 0.0 2.5

Capital contributions for non-controlling interests 0.0 47.1

Cash inflow from long-term financial liabilities 2.0 1,065.0

Repayment of long-term financial liabilities –101.3 –259.5

Changes in current financial liabilities 226.3 112.9

Cash flow used in/from financing activities –12.7 827.3

Changes in restricted cash and cash equivalents 23.7 0.0

Change in cash and cash equivalents 37.1 20.2

Cash and cash equivalents as at January 1 and April 1 461.0 448.8

Foreign currency translation effects on cash and cash

equivalents 1.4 –13.1

Cash and cash equivalents as at June 30 499.5 455.9

Fraport AG

Assets

€ million

June 30,

2018

December

31, 2017

Non-current assets

Goodwill 19.3 19.3

Investments in airport operating projects 2,647.8 2,621.1

Other intangible assets 130.2 132.4

Property, plant and equipment 5,970.2 5,921.5

Investment property 87.8 96.4

Investments in companies accounted for

using the equity method 247.9 268.1

Other financial assets 469.7 488.6

Other receivables and financial assets 193.0 190.9

Deferred tax assets 40.4 41.0

9,806.3 9,779.3

Current assets

Inventories 27.7 29.3

Trade accounts receivable 202.6 143.5

Other receivables and financial assets 312.8 245.5

Income tax receivables 17.5 5.4

Cash and cash equivalents 624.6 629.4

1,185.2 1,053.1

Assets held for sale 24.5 0.0

Total 11,016.0 10,832.4


Appendix

Group Balance SheetLiabilities and equity

€ million

June 30,

2018

December

31, 2017

Shareholders’ equity

Issued capital 923.9 923.9

Capital reserve 598.5 598.5

Revenue reserves 2,322.0 2,345.7

Equity attributable to shareholders of Fraport AG 3,844.4 3,868.1

Non-controlling interests 167.9 160.6

4,012.3 4,028.7

Non-current liabilities

Financial liabilities 3,743.8 3,955.6

Trade accounts payable 42.3 42.4

Other liabilities 1,055.8 1,090.1

Deferred tax liabilities 205.5 203.8

Provisions for pensions and similar obligations 34.3 34.2

Provisions for income taxes 71.4 70.3

Other provisions 166.5 147.2

5,319.6 5,543.6

Current liabilities

Financial liabilities 950.6 575.4

Trade accounts payable 184.0 185.9

Other liabilities 315.1 249.7

Provisions for income taxes 43.3 33.1

Other provisions 191.1 216.0

1,684.1 1,260.1

Total 11,016.0 10,832.4


Appendix

8M 2018 Frankfurt Passenger Split

Western Europe

44%

+14%D

Domestic

11%

+5%D

Eastern Europe

9%

+16%DNorth America

13%

+3%DFar East

10%

-1%DMiddle East

5%

+3%DAfrica

4%

+11%DLatin America

4%

+1%D

Frankfurt Airport

Continental

64%

+13%D

Intercontinental

36%

+2%D

Average seat load factors

70

75

80

85

90


2018

2017

8M

79.5%

79.6%


Appendix

Organization of Security Process in Germany

Airports requestCurrent status

Fed. Police

Fed. Ministry

Procurement

Department of

Fed. Ministry

TechnologySecurity Co.

Security CheckAirport

Airport

Supervises

Manages /

Supervises

Awards

Procures Licenses

Area

Staff Technology

Fed. Ministry

Staff Technology

Supervises

Supervises

Fed. Police

Security Co.

Security Check

Technology

Awards

Manages Set up

Procures

Licenses

Procurement

Department of

Fed. Ministry

Source: ADV


Appendix

Aviation

EBITDA

6M 2017

Aviation

charges1

Other

income

Staff

cost

Other

opex

EBITDA

6M 2018

101

+14

+2

121+12 -10

+1

Security

services

Other

revenue

› Increase in airport charges due to traffic growth

› Security services up due to new contracts in Berlin &

Cologne and FRA volumes

› Increase in staff cost due to security business: ~€10m

› Staff number outside security business down ~€3m

› Strong growth in EBITDA & EBIT

Comments P&L in € mil. 6M 18 6M 17 %

Revenue 478 450 +6.4

- Airport charges1 383 369 +3.9

- Security services 72 60 +20.3

- Other revenue 23 21 +10.8

EBITDA 121 101 +19.7

EBIT 55 39 +40.5

Employees 6,124 5,831 +5.0

in € mil.

1Aviation 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

Increasing

effects

Decreasing

effects

+1


Appendix

Retail & Real Estate

EBITDA

6M 2017Retail Other

income

Staff

cost

Other

opex

EBITDA

6M 2018

194 -4 +6

182-4

+13

Real

Estate

Other

revenue

+2

Parking

-25

in € mil.

› 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., 9% more passengers; -3% shoppers

› F/X: those who shopped DTF spend c.4% 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 241 268 -10.0

- Retail 95 99 -4.0

- Real Estate 93 97 -3.8

- Parking 48 42 +13.8

- Other revenue 5 30 -82.6

EBITDA 182 194 -6.0

EBIT 139 151 -7.4

Employees 647 654 -1.1


Increasing

effects

Decreasing

effects

+0


Source: sales/revenue data of Gebr. Heinemann by destinations.

Retail revenue per Passenger

Advertising

Q1 Q2 Q3 Q4

28.2 31.6 31.9 31.4

13.0 14.6 15.9 15.0

8.2 9.0 9.3 9.3

1.4 1.6 1.7 1.6

Q1 Q2

26.7 29.2

13.1 15.3

7.4 8.1

0.3 0.7

Services

Shopping

DTF-JV

3.763.28

3.02

3.573.27

2.89

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

FY 17: €3.37

Retail revenue streams

Appendix

Frankfurt Retail Revenue per Passenger

Including

Heinemann JV

3.86 3.38 3.11

FY 17: €3.473.67 3.29 2.938 3.11 3.67

Destination tracked

not nationality

YTD 18: €3.09

Left columns = % change in volumes vs. 6M 2017

Right columns = % change in spending vs. 6M 2017

6M 18: €3.06

1 3 219

-2-5 -12 -10-21 -21

2 4

16

52

-8

-17

0

-11-6

Top 5 Volumes

Left columns = % change in volumes vs. 6M 2017

Right columns = % change in spending vs. 6M 2017

Top 5 Spenders

China Russia S.Korea Vietnam Brazil

US Germany Turkey UAE India


Appendix

Ground Handling


in € mil.

› MTOW, Movements & Passengers drove revenue

increase

› More staff hired in FraGround & FraCareS

subsidiaries to handle traffic increase resulted in more

staff cost (~16mn), less cost in Fraport AG despite

higher wages

› Higher staff cost almost offset revenue growth,

EBITDA & EBIT slightly up


Revenue 325 308 +5.4

- Ground Handling 167 156 +7.3

- Infrastructure 152 146 +4.5

- Other revenue 6 7 -15.1

EBITDA 13 12 +6.7

EBIT -8 -9 -

Employees 8,966 8,596 +4.3

Increasing

effects

Decreasing

effects

12

+11

+6 -1+0

-12

-313

EBITDA

6M 2017

Other

income

Staff

cost

Other

opex

EBITDA

6M 2018GH

revenue

Other

revenue

Infrastructure

charges


Appendix

International Activities & Services


› First-time Fortaleza + Porto Alegre contribution

› Traffic growth improved Greek revenue and EBITDA

contribution

› Positive Lima performance; +11% local USD EBITDA

offset by negative F/X translation

› Negative US performance due to loss of Boston

contract compensated by Ljubljana and Twin Star

› Solid EBITDA & EBIT increase

Comments

EBITDA in € mil.

P&L in € mil. 6M 18 6M 17 %

Revenue 487 329 +48.0

- excl. IFRIC 12 394 319 +23.4

EBITDA 146 114 +28.3

EBIT 82 60 +38.3

Employees 5,877 5,404 +8.8

Increasing

effects

Decreasing

effects

USA

-1

EBITDA

6M 2017

Brasil LimaGreece Others

114

+18

146+3 -1

Twin Star Ljubljana EBITDA

6M 2018

+16 -4

USA

+3-3


Appendix

Performance of Major Airport Investments

Figures refer to IFRS accounting before consolidation, not local GAAP, percent changes based on unrounded figures

1 Revenue adjusted by IFRIC 12: Lima 6M 2018: €148.9m (6M 2017: €151.4m); Fraport Greece 6M 2018: €92.3m (6M 2017: €56.8m);

Fortaleza + Porto Alegre 6M 2018: €43.8m; Antalya 6M 2018: €109.8m

2 Share of voting rights: 51%, Dividend share: 50%.

Fully consolidated

Group companies

Share

in %

Revenue in € mil.1 EBITDA in € mil. EBIT in € mil. Result in € mil.

6M 2018 6M 2017 Δ % 6M 2018 6M 2017 Δ % 6M 2018 6M 2017 Δ % 6M 2018 6M 2017 Δ %

Fraport USA 100 25.6 32.0 –20.0 2.4 6.4 –62.5 0.2 –0.8 – 0.0 2.1 –100.0

Fraport Slovenija 100 22.0 18.5 +18.9 8.6 5.7 +50.9 3.6 0.7 >100 3.1 1.0 >100

Fortaleza + Porto Alegre 100 76.4 – – 18.4 – – 11.7 – – 3.5 – –

Fraport Greece 73.4 141.7 58.2 >100 41.3 25.2 +63.9 19.2 15.2 +26.3 –20.7 –3.6 –

Lima 70.01 160.7 160.2 +0.3 59.0 59.5 –0.8 52.0 50.4 +3.2 33.9 29.9 +13.4

Twin Star 60 21.5 17.6 +22.2 11.3 8.7 +29.9 5.4 3.0 +80.0 2.8 0.4 >100

Group companies accounted

for using the equity method

Share

in %

Revenue in € mil.1 EBITDA in € mil. EBIT in € mil. Result in € mil.

6M 2018 6M 2017 Δ % 6M 2018 6M 2017 Δ % 6M 2018 6M 2017 Δ % 6M 2018 6M 2017 Δ %

Antalya2 51/50 115.4 85.8 +34.5 90.8 68.7 +32.2 36.2 14.1 >100 4.4 –8.1 –

Hannover 30 78.9 72.5 +8.8 12.7 12.6 +0.8 2.7 2.5 +8.0 1.4 0.0 >100

Pulkovo/Thalita 25 125.2 119.8 +4.5 65.9 66.2 –0.5 48.3 46.8 +3.2 –18.5 –23.3 –

Xi’an 24.5 123.2 114.0 +8.1 58.9 57.9 +1.7 35.5 32.3 +9.9 29.3 26.9 +8.9

Fraport AG

997

4,694

635

1,128

183422 414

65 149 183271

1,169

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Liquidity asof Jun 30,

2018

FinancialLiabilities

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027++

Appendix

Maturity Profile & Cash Position as at June 30, 2018


Fraport debt conditions on average

~ 3.1% interest rate

€ mil.

Book values

Nominal values of

debt repayment

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