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Analyst Presentation Preliminary Figures FY 2012 Frankfurt, March 12, 2013 Dr Stefan Schulte, CEO Dr Matthias Zieschang, CFO


Slide 2

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 forwardlooking 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 forwardlooking 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.


Slide 3

Preliminary Figures FY 2012

Agenda 

Financial Highlights FY2012

Outlook

Traffic Insight

Business Topics FRA

Business Topics External

Financials in Detail FY2012

Analyst Presentation FY Preliminary 2012


Slide 4

Financial Highlights Fraport Group Results FY 2012 Aviation

Preliminary Figures FY 2012

Ground Handling Retail External

2371.2

• Increase of airport charges and traffic growth • Weak performance due to reduced Cargo volume and MTOW • New marketplace up and running • Lima outstanding, Antalya above 2011 despite flat passengers

Revenue

EBITDA

Net Profit

+3.0%

+6.0%

+0.3%

2442.0 802.3

850.7 850.7 250.8

251.6

in € mil. 2011

2012

Analyst Presentation FY Preliminary 2012

2011

2012

2011

2012


Slide 5

Financial Highlights Fraport Segment Results FY 2012

Preliminary Figures FY 2012

in â‚Ź mil. Revenue: EBITDA : EBIT:

Aviation

Retail & RE

GH

External A&S

+49 +12 -19

+8 +29 +19

-6 -11 -16

+20 +19 +16

Analyst Presentation FY Preliminary 2012


Slide 6

Preliminary Figures FY 2012

Agenda 

Financial Highlights FY2012

Outlook

Traffic Insight

Business Topics FRA

Business Topics External

Financials in Detail FY2012

Analyst Presentation FY Preliminary 2012


Slide 7

Preliminary Figures FY 2012

Outlook 2012 Guidance fulfilled! Passengers at FRA

• Less than plus 4%, mainly because of strike impact

Revenue

• Not above €2.5 bn., due to lower than expected revenue from long-term construction activities w/o EBITDA effect

EBITDA

• Increase minimum 5%

EBIT

• Above previous year

Net Profit

• About previous year’s level

Dividend

• € 1.25 per share*

Analyst Presentation FY Preliminary 2012

*Proposal to AGM


Slide 8

Preliminary Figures FY 2012

Outlook 2013 Traffic on 2012 Level, but operational Growth Passengers at FRA

• About previous year‘s level

Revenue

• Growth up to 5%

EBITDA

• € 870 - 890 mil.

EBIT

• At upper range of EBITDA growth: • At lower range of EBITDA growth:

Net Profit

• Decrease

Dividend

• € 1.25 per share*

Analyst Presentation FY Preliminary 2012

up to a maximum of~ €520 million About previous year‘s level

*Proposal to AGM


Slide 9

Preliminary Figures FY 2012

Agenda 

Financial Highlights FY2012

Outlook

Traffic Insight

Business Topics FRA

Business Topics External

Financials in Detail FY2012

Analyst Presentation FY Preliminary 2012


Slide 10

Preliminary Figures FY 2012

Traffic Insight Traffic Figures Majorities in ‘000

Share

FY 2011

FY 2012

JAN 2013

FEB 2013

Frankfurt

100%

56,436

57,520

3,877

3,605

6.5

1.9

-4.9

+0.2

11,796

13,324

1,186

1,156

14.7

13.0

13.1

11.6

24,964

24,954

565

627

12.7

0.0

-4.9

3.1

1,182

1,221

17

16

-3.7

3.4

--

>100

2,253

2,381

11

9

19.0

5.6

-45.8

-49.2

96,631

99,401

5,657

5,415

9.1

2.9

-1.5

2.9

∆ in %

Lima

70.01% ∆ in %

Antalya

51% ∆ in %

Varna

60% ∆ in %

Burgas

60% ∆ in %

Group ∆ in %

Analyst Presentation FY Preliminary 2012


Slide 11

Traffic Insight Dynamic Intercont Traffic vs. Weakness in EU in 2012 W-Europe Domestic E-Europe

Preliminary Figures FY 2012

North America

42%

11%

8%

2%

-4%

3%

Far East

14%

11% Frankfurt Airport

1%

2% 5%

5% 4%

7%

10%

Africa

5% Middle East

Latin America Traffic Share in Frankfurt (PAX) 12M 12 %-Change 12M 12 vs. 12M 11 Analyst Presentation FY Preliminary 2012

Continental

Intercontinental

61%

39%

1%

4%


Traffic Insight Small Growth among all European Competitors 2012 2011

Passengers in mil. 7,0

FY result

6,0 5,5 5,0 4,5 4,0 3,5 3,0 2,5

Frankfurt Analyst Presentation FY Preliminary 2012

0.9%

Jan-Dec 12 69.984.868

London-LHR

Jan-Dec 12 50.975.592

Amsterdam

Jan-Dec 12 61.490.272

Paris-CDG

1.5%

Jan-Dec 11 37.634.214

2.6%

Jan-Dec 11 60.914.835

Jan-Dec 12 57.274.099

0.9%

Jan-Dec 11 49.680.283

1.9%

Jan-Dez 11 69.391.448

2,0

Jan-Dec 11 56.293.108

Preliminary Figures FY 2012

6,5

Jan-Dec 12 38.217.181

Munich Source: Fraport AG, Rapid Data Exchange


Slide 13

Traffic Insight Movements at German Airports in Summer 3

Change of Movement in % - summer schedule 2013 vs 2012 2

FRA

MUC

Berlin

DUS

HAM

CGN

STR

HAJ

Preliminary Figures FY 2012

1 0

-1.7

-1 -2

-1.4

-1.4

-2.6 -4.7

-4.8 -3

-5.6

-6.3

-4 -5 -6 -7

Cost savings measures of major German Airlines also show effect in summer schedule 2013 Analyst Presentation FY Preliminary 2012

Source: FHKD/Sabre beginning of March 2013


Slide 14

Preliminary Figures FY 2012

Agenda 

Financial Highlights FY2012

Outlook

Traffic Insight

Business Topics FRA

Business Topics External

Financials in Detail FY2012

Analyst Presentation FY Preliminary 2012


Slide 15

Business Topics FRA Pier A-Plus Operations 

Preliminary Figures FY 2012

 

Pier A-Plus opened in October 2012 Utilization today: Mostly intercont until midday (see picture), Schengen focus until late afternoon, again focus intercont until stop of operations Satisfying passenger development during winter, full potential will be visible in summer schedule Retail Performance in Q4 2012: Growing to €3.95/ Passenger (+~11.5% q on q) Target 2013: In the direction of €4/ Passenger

Analyst Presentation FY Preliminary 2012


Slide 16

Business Topics FRA Terminal 3 Timeframe

Preliminary Figures FY 2012

     

Decision on timing of Terminal 3 is strictly driven by demanded capacity We expect sustainable growth in FRA making additional capacity from Terminal 3 necessary Focus on planning, optimization of construction stages including more flexibility in the different steps Construction of apron areas and additional parking positions on Terminal 3 area will proceed in 2013 In depth-planning ensures budget and time control Bid invitation and construction will be flexible in timing in a range of 5-7 years to meet demand as exactly as possible

Analyst Presentation FY Preliminary 2012


Slide 17

Business Topics FRA Ground Handling Legislation

Preliminary Figures FY 2012

    

The EU-regulation still contains following details (among other things):  Obligation of a legal separation of ground handling services for airport operators  Additional license for a third party ground handling service-provider (today 2 licenses obligatory)  Unlimited self-handling for airlines Rejection of the proposal by the European Parliament and return to the Transport Committee If agreement is achieved, EU-regulation comes into force around 2015/2016 FRA could have an additional 3rd handling company after that Fraport market share in FRA’s Ground Handling in 2012 at 87% Main customer Lufthansa has a handling contract running until 2018 Analyst Presentation FY Preliminary 2012


Slide 18

Business Topics FRA “Great to have you here!“ Growing share of satisfied passengers since start of program: 80% Satisfied Passengers

Preliminary Figures FY 2012

Share of votes

1= very good 6 = very poor 19%

22%

28%

1%

1% 2% 70%

5&6 3&4

77%

80% 1&2

2010

Analyst Presentation FY Preliminary 2012

2011

2012


Slide 19

Preliminary Figures FY 2012

Agenda 

Financial Highlights FY2012

Outlook

Traffic Insight

Business Topics FRA

Business Topics External

Financials in Detail FY2012

Analyst Presentation FY Preliminary 2012


Slide 20

Business Topics External Lima: Outstanding Development

Preliminary Figures FY 2012

  Outstanding growth over a decade

PAX Actual (MM)

15.0

Passengers actual (MM)

0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Analyst Presentation FY Preliminary 2012

Strong traffic growth in Lima since start of concession in 2001 (11% CAGR of Total Passengers) 13.3 million passengers FY 2012 Ongoing strong development on international and domestic routes projected for the future Airport reaching capacity limit


Slide 21

Business Topics External Lima: Scheduled Expansion Measures

Preliminary Figures FY 2012

 

Analyst Presentation FY Preliminary 2012

Short term measures: - Apron expansion - Additional bus gates - New check-in counters - Remodeling of security - Remodeling customs control New midfield terminal scheduled within next four years New terminal to be developed modular to provide flexibility to serve future traffic requirements New runway approx. 2020


Slide 22

Business Topics External Antalya: Competitive Position drives Growth Change in average hotel room price - H1 2012 vs H1 2011 in %** 18

2,225

16

1,445 1,325

1,245

1,065

2 2 0 0 1 1 1

935 660

Analyst Presentation FY Preliminary 2012

8

75

110

60

Corfu

Santorini

-8 -7

-5

-16

Antalya Cairo Benidom Alicante Greece Cancun Dubrovnik Marbella Istanbul Vienna Portugal Ibiza Florence Spain Phuket Cyprus Marrakech Palma de Mallorca Bali Sharm el Sheikh

70

Paphos

Sharm el Sheikh

Gran Canaria

Malaga

110 105 160 125 Palma de Mallorca

90

Hammamet

-9 -9 Cost range +/-

6 4 5 5

625 330

Antalya

Preliminary Figures FY 2012

Accommodation Cost for a Week of Holiday in â‚Ź*

Source: Tatilsepeti.com ** Source: The hotel price index


Slide 23

Business Topics External Antalya: Background for Future Growth

Preliminary Figures FY 2012

Increasing Hotel Infrastructure**

2012-22 CAGR – Investment upside in Tourism Infrastructure*

5.8% 62%

63%

59%

59%

58% 888

Travel & Tourism investment 2011: TRY23.9bn (€~10 bn) = 8.6% of total investment

58% 4.9% 868

797 625

643

673

3.5%

3.1%

351 235

%

262

2008

385

412

2.0%

295

Average occupancy rate 2007

3.4%

Number of hotels Bedplace Capacity (in ’000)

2009 2010

Analyst Presentation FY Preliminary 2012

2011

2012

Egypt Turkey Tunesia Spain Portugal Greece *Source: WTTC **Source: Company Information


Slide 24

Business Topics External New BOT Project Istanbul

Preliminary Figures FY 2012

    

Modular airport construction (BOT) in four defined phases from passenger capacity of 70 million to 150 million Concession length: Construction time phase 1 (42 months) + 25 years concession Exclusive airport on European side of Istanbul Public bid on May 3rd, 2013 Decision criteria: nominal concession payment for 25 years Lead investor has to hold min 51% of consortium

Analyst Presentation FY Preliminary 2012


Slide 25

Preliminary Figures FY 2012

Agenda 

Financial Highlights FY2012

Outlook

Traffic Insight

Business Topics FRA

Business Topics External

Financials in Detail FY2012

Analyst Presentation FY Preliminary 2012


Seite 26

Profit & Loss 2012 Revenue and EBITDA up, Group Result on 2011 Level € mil.

FY 12

FY 11

%

2,442.0

2,371.2

+3.0

EBITDA

850.7

802.3

+6.0

EBIT

498.0

496.6

+0.3

EBT

366.1

347.3

+5.4

Group result

251.6

250.8

+0.3

2.59

2.62

-1.1

20,963

20,595

+1.8

Preliminary Figures FY 2012

Revenue

EPS in € Employees 2010/2011

2.195 2.371

2012

In € mil.

2.442

 Volume

& Price effects main driver for Revenue growth in FRA

 External Airports,

mainly Lima, with growing

share 711

802

 Positive

851 272

Revenue

EBITDA

Analyst Presentation FY Preliminary 2012

251

252

Net Profit

 Group

Retail effects due to new A-Plus

result on previous year‘s level


Slide 27

Financial Result Interest Result down, other Financial Result up! € mil.

Preliminary Figures FY 2012

Financial result 2011

Adjustments

Financial result adjusted

Interest income

Interest expenses

Result from associates

Other financial result

Financial result 2012

0 -25 -50 -75 -100 -125 -150

+5.3

+16.9

+30.0 -131.9

-132.4 -149.3

+0.2 -35.0

-175 -200 Derivatives & Currency

Analyst Presentation FY Preliminary 2012

Interest rate effects

Less capitalized Interest1 plus higher debt

1) Capitalized

Derivatives / Others & Currency

interests acc. to IAS 23: 2011: q1: €17.3 mil., q2: €18.4 mil., q3: €20.3 mil., q4: €6.3 mil. 2012: q1: €7.6 mil., q2: €8.0 mil., q3: €7.6 mil., q4: €4.2 mil.


Slide 28

Preliminary Figures FY 2012

Segment Aviation Volume & Price Effects, one-off Burden in Opex € mil.

FY12

FY11

%

Revenue

823.4

774.9

+6.3

Staff costs

278.9

263.9

+5.7

EBITDA

199.9

187.8

+6.4

24.3%

24.2%

+0.1PP

77.6

96.1

-19.3

6,298

6,088

+3.4

EBITDA margin EBIT Employees 2010/2011

775

2012

In € mil.

823

694

132

188

200 56

Revenue

EBITDA

Analyst Presentation FY Preliminary 2012

96

EBIT

78

Revenue: Driven by Aviation charges (volume & price) Opex burdened by provision for regional fund of €10.5 mil. (Q2/2012) EBITDA: +6.4% at €199.9 mil. D&A up due to Runway and Pier A-Plus EBIT down


Slide 29

Segment Retail & Real Estate Strong Performance in Retail Business € mil.

FY12

FY11

%

Revenue

452.9

444.7

+1.8

46.6

42.6

+9.4

333.9

305.3

+9.4

73.7%

68.7%

+5.0PP

251.5

232.1

+8.4

629

596

+5.5

Preliminary Figures FY 2012

Staff costs EBITDA EBITDA margin EBIT Employees 2010/2011

403

445

2012

In € mil.

453 295

305

334 228

Revenue

EBITDA

Analyst Presentation FY Preliminary 2012

232

EBIT

252

Solid increase in earnings from A-Plus Decrease in revenue due to less Mönchhof property sales (FY12: €16.4 mil. vs. FY11: €27.9 mil.) EBITDA: +9.4% at €333.9 mil., 2011 affected by CASA provision Margin back in 70’s EBIT also with strong performance


Slide 30

Preliminary Figures FY 2012

Segment Retail & Real Estate Pier A-Plus shows Effect! € mil.

FY12

FY11

%

Real Estate

175.2

168.3

+4.1

Parking

73.5

74.8

-1.7

Others1

24.4

33.7

-27.6

179.8

167.9

+7.1

-Shopping

114.1

103.0

+10.8

-Services2

48.7

46.2

+5.4

-Advertising

27.9

29.5

-5.4

Retail

Net retail revenue per passenger from 2010 on in €

FY10 €3.02 3.07 2.97 2.74

FY11 €3.17 3.36 3.32

3.02 2.87

FY12 €3.32 3.54 3.40

3.95 3.10 2.95

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Analyst Presentation FY Preliminary 2012

Retail per passenger +4.7% at €3.32 Key driver for increase: Duty free and fashion turnover Good F&B development in “Services” Less advertising (mainly gate bridges) Parking down due to The Squaire 1) 2012

includes property sales on Mönchhof site of €16.4 mil. / 2011 property sales of €27.9 mil. 2) Revenue according to old segment structure, differences due to IT services


Slide 31

Preliminary Figures FY 2012

Segment Ground Handling Weak Revenue, EBITDA & EBIT € mil.

FY12

FY11

%

Revenue

649.3

655.5

-0.9

Staff costs

403.3

390.8

+3.2

43.6

54.5

-20.0

6.7%

8.3%

-1.6PP

4.7

20.3

-76.8

8,924

8,899

+0.3

EBITDA EBITDA margin EBIT Employees 2010/2011

659

656

2012

In € mil.

649

44

Revenue

55

EBITDA

Analyst Presentation FY Preliminary 2012

44

11

20

EBIT

5

Revenue down, due to less Cargo and MTOW Release of about €10 mil. provision (Q2/2012) Higher staff cost from pay-rise EBITDA, margin and EBIT down


Slide 32

Preliminary Figures FY 2012

Segment External Activities & Services Main Driver for Increase: Lima € mil.

FY12

FY11

%

Revenue

516.4

496.1

+4.1

Staff costs

219.0

209.0

+4.8

EBITDA

273.3

254.7

+7.3

52.9%

51.3%

+1.6PP

EBIT

164.2

148.1

+10.9

Employees

5,112

5,012

+2.0

EBITDA margin

2010/2011

496

2012

In € mil.

516

439 240

255

273 136

Revenue

EBITDA

Analyst Presentation FY Preliminary 2012

148

EBIT

164

Adjusted for IFRIC 12 revenue up: +€24.0 mil. (+5.2%) (IFRIC 12 effect on revenue: - €3.7 mil.) Revenue increases from Lima, AYT & Twin Star Revenue decreasing effect from disposal of Fraport Austria EBITDA & EBIT up, main driver: Lima


Slide 33

Majority Holdings in External Activities Antalya Figures before consolidation

mil.

FY12

FY11

%

25.0

25.0

0.0

Revenue

301.1

293.9

+2.4

EBITDA

259.6

254.2

+2.1

86.2%

86.5%

-0.3PP

161.7

158.0

+2.3

478

470

+1.7

Preliminary Figures FY 2012

Passengers1

EBITDA margin EBIT Employees 2010/2011

267

294

2012

301 217

254

In € mil.

260 123

Revenue

EBITDA

Analyst Presentation FY Preliminary 2012

158

162

Despite flat passenger development, due to MENA crisis, revenue increased Strong summer season and domestic demand – lower international traffic Good retail performance increases Revenue, EBITDA and EBIT

EBIT 1) Percent

change based on unrounded figures


Slide 34

Majority Holdings in External Activities Lima1 mil.

FY12

FY11

%

13.3

11.8

+13.0

Revenue

191.3

159.3

+20.1

EBITDA

65.5

53.2

+23.1

34.2%

33.4%

+0.8PP

EBIT

52.5

42.7

+23.0

Employees

588

541

+8.7

Preliminary Figures FY 2012

Passengers2

EBITDA margin

2010/2011

135

159

2012

In € mil.

191 49

Revenue

53

EBITDA

66

38

43

EBIT

53

Ongoing strong development on international and domestic routes Passengers, revenue, EBITDA and EBIT with double digit growth Additional positive US-$ effect IFRIC 12 effect on revenue: 2012: +€11.3 mil./ 2011: +€13.3 mil. 1)

Analyst Presentation FY Preliminary 2012

Figures refer to IFRS accounting, not local GAAP 2) Percent change based on unrounded figures


Slide 35

Majority Holdings in External Activities Varna & Burgas mil.

FY12

FY11

%

3.6

3.4

+4.9

Revenue

63.3

62.8

+0.8

EBITDA

25.9

23.8

+8.8

40.9%

37.9%

+3.0PP

18.8

17.2

+9.3

1,094

1,067

+2.5

Preliminary Figures FY 2012

Passengers1

EBITDA margin EBIT Employees 2010/2011

40

63

2012

63

Revenue

21

24

EBITDA

Analyst Presentation FY Preliminary 2012

26

14

17

EBIT

19

Solid summer season Adjusted by IFRIC 12 revenue up +€2.2 mil. EBITDA and EBIT in line with passenger development up IFRIC 12 effect on revenue: 2012: +€17.4 mil./ 2011: +€19.1 mil. 1) Percent

change based on unrounded figures


Slide 36

Cash Flow Taxes & Interest affects OCF, less Capex helps FCF â‚Ź mil.

Preliminary Figures FY 2012

NonProfit after controlling Minorities interest

D&A

Others

Operating cash flow

Intangible assets

PPE

Airport operating projects

Investment property

Free cash flow

-22.0

-162.4

800 700 352.7

600

553.0 -51.3

500

-5.4

400 300

238.3

13.3

200 100 0 -100 -200 Analyst Presentation FY Preliminary 2012

-598.6 -89.4


Slide 37

Financial Position, Gearing & Outlook Improving FCF, Gearing at 105%

Preliminary Figures FY 2012

2010/2011

2012 4.408 4.254 4.598

2.384 1.607 1.663

-291 -350 -162

Liquidity 1

FCF

2.935 2.647

2.794 2.603 2.706

2.024

Net debt 1

Gross debt

98%

105%

78%

Equity2

Analyst Presentation FY Preliminary 2012

2012 FCF at minus €162.4 mil. Group liquidity at €1.66 bn. Gross debt at €4.60 bn. Net debt at €2.94 bn. Gearing ratio at 105% Outlook 2013 FRA capex about €450 mil. External capex about €100 mil. to 150 mil. FCF still negative Gearing ratio about 110%

Gearing 1) Liquidity

2011 adjusted. Deferred interest income deducted. Correspondingly, net debt 2011 adjusted 2) Equity less non-controlling interests and profit earmarked for distribution


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Slide 39

Preliminary Figures FY 2012

Consolidated Income Statement FY2012

Analyst Presentation FY Preliminary 2012


Slide 40

Preliminary Figures FY 2012

Consolidated Statement of Cash Flows FY2012

Analyst Presentation FY Preliminary 2012


Slide 41

Preliminary Figures FY 2012

Consolidated Statement of Financial Position FY2012

Analyst Presentation FY Preliminary 2012


Slide 42

Preliminary Figures FY 2012

Revenue Split FY2012 â‚Ź million Aviation Airport fees Security services Other revenue Retail & Real Estate Real estate Retail Parking Other revenue Ground Handling Ground handling services Infrastructure fees Other revenue External Activities & Services Antalya Twin Star Lima Others Group revenue

Analyst Presentation FY Preliminary 2012

2011

2012

Delta

634.7 92.0 48.2 774.9

673.6 98.3 51.5 823.4

6.1% 6.8% 6.8% 6.3%

168.3 167.9 74.8 33.7 444.7

175.2 179.8 73.5 24.4 452.9

4.1% 7.1% -1.7% -27.6% 1.8%

406.1 246.7 2.7 655.5

393.3 256.0 0.0 649.3

-3.2% 3.8% -100.0% -0.9%

147.0 62.8 159.3 127.0 496.1 2,371.2

150.5 63.3 191.3 111.3 516.4 2,442.0

2.4% 0.8% 20.1% -12.4% 4.1% 3.0%


Slide 43

Majority Holdings in External Activities AYT: Passengers despite Arab Spring in `11 on PY Level

Preliminary Figures FY 2012

YTD2012 vs 2011: +-0%

2010

Jan

Feb

Mar

Analyst Presentation FY Preliminary 2012

Apr

Mai

Jun

2011

Jul

2012

Aug Sep

Oct

Nov Dec


Slide 44

Financial Position €300 mil. Promissory Note Loan issued December 2012 Pricing

Key Terms

Preliminary Figures FY 2012

Borrower Amount Final amount Maturities Interest Reference Repayment Status Issue Price Use of proceeds Documentation

Law ECB eligible Arrangers Paying agent

Fraport AG EUR 150 mil. (demand-driven increase possible) EUR 300 mil. 8,10 and/or 18 years (1) Floating (2) Fixed Euro mid swap (ICAP) / 6-m Euribor bullet, at par Senior, unsecured 100% General corporate purposes SSD-Documentation / NSVDocumentation (incl. pari passu, negative pledge, MAC) Law German law ECB eligible Yes (DES000000071321) Helaba und UniCredit Helaba

Analyst Presentation FY Preliminary 2012

Maturities

8 years

10 years

Reoffer 100-120 Bp 120-140 Bp spread (Margin over ref. rate) Volume & Pricing – Fixed Tranches Volume 54.5 72.5 (€ mil.) Final margin 100 Bp 120 Bp Mid Swap 1.424 % 1.698 % Kupon 2.42 % 2.90% Volume & Pricing – Variable Tranches Volume 52.0 13.0 (€ mil.) Final margin 100 Bp 120 Bp

18 years 4% fixed coupon

108 4.00 %

-


Slide 45

Financial Position Maturity Profile & Cash Position as of Dec. 31, 2012

Preliminary Figures FY 2012

€ mil.

Fraport debt conditions on average

5000 4,597.6

~

4% interest rate

~

7 years maturity

4000 Loans of Infrastructure Banks of €1,230 mil. Bond of € 800 mil. & Private Placement of €150 mil. 3000

Total redemption/ year

Promissory notes “Schuldscheindarlehen” of €1,215 mil. Other financial liabilities Liquidity

2000 1,663,1

1,173.4 1000 157.8

284.9

2013

2014

509.8

502.5

416.0

2015

2016

2017

734.5

583.4 235.3

0 12 2012

12 2012

Analyst Presentation FY Preliminary 2012

2018

2019

2020

2021++


Slide 46

Preliminary Figures FY 2012

Special & Extraordinary Effects FY2012 FY2012

FY2011

Segment Aviation Creation of regional fund provision, Q2/2012  EBITDA: -€10.5 mil.

Segment Aviation One-off D&A on properties  EBIT: -€6.8 mil.

Segment Retail & Real Estate Property sales Mönchhof area  Revenue: €16.4 mil.

Segment Retail & Real Estate Property sales Mönchhof area  Revenue: €27.9 mil. Creation of CASA provsion, Q4/2011  EBITDA: -€14.4 mil. One-off D&A on properties, Q4/2011  EBIT: -€6.0 mil.

Segment Ground Handling Release of provision, Q2/2012  EBITDA: €9.9 mil. Segment External Activities & Services Disposal Fraport Austria  Revenue: €15.3 mil.  EBITDA: €1.5 mil.  EBIT: €1.0 mil. Financial Result  Market valuation of derivatives & currency fluctuations: +€2.7 mil.

Analyst Presentation FY Preliminary 2012

Financial Result  Market valuation of derivatives & currency fluctuations: -€16.9 mil.


Investor Relations Team Contact Details Fraport AG Frankfurt Airport Services Worldwide 60547 Frankfurt am Main www.meet-ir.com +49 69 690 – 74842

investor.relations@fraport.de

Stefan J. RĂźter Head of Finance & Investor Relations +49 69 690-74840 s.rueter@fraport.de

Svenja Knust Investor Relations Assistant +49 69 690-74842 s.knust@fraport.de

Marc Poeschmann Manager Investor Relations +49 69 690-74845 m.poeschmann@fraport.de

Florian Fuchs Manager Investor Relations & Financial Reporting +49 69 690-74844 f.fuchs@fraport.de

Analyst Presentation FY Preliminary 2012

Tanja Nagel Financial Reporting +49 69 690-74846 t.nagel@fraport.de

Fraport Presentation FY2012 Preliminary Figures