3 quarter 2010

www.viennaairport.com

3rd quarter 2010

3r d q u a r t e r 2 0 1 0

Key data on the Flughafen wien Group

Financial indicators(in € mill., excluding employees) change 1–9/2010 in % 1–9/2009Total revenue 397.8 +6.3 374.4

EBITDA 144.5 +9.0 132.6

EBIT 95.2 +15.0 82.8

EBITDA margin in %1) 36.3 n.a. 35.4

EBIT margin in %2) 23.9 n.a. 22.1

Net profit for the period after non-controlling interests 72.2 +18.8 60.8

Cash flow from operating activities 151.0 +39.6 108.2

Equity 825.8 +5.5 783.1

Investments3) 86.4 -23.0 112.2

Employees4) 4,152 -0.8 4,188

industry indicators change 1–9/2010 in % 1–9/2009MTOW in tonnes5) 5,947,507 +9.2 5,445,848

Passengers 14,870,628 +8.3 13,732,465

Thereof transfer passengers 4,555,962 +9.7 4,154,666

Flight movements 185,523 +0.9 183,783

Cargo (air cargo and trucking) in tonnes 217,259 +23.3 176,243

Seat occupancy in %6) 69.4 n.a. 68.8

Definitions: 1) EBITDA margin (earnings before interest, taxes, depreciation and amortisation) = EBIT + depreciation and amortisation / revenue 2) EBIT margin (earnings before interest and taxes) = EBIT / revenue 3) Intangible assets, property, plant and equipment and prepayments made 4) Weighted average number of employees for the period, including apprentices and employees on official non-paying leave (maternity, military, etc.) and excluding the Management Board and managing directors 5) MTOW: maximum take-off weight for aircraft 6) Seat occupancy: Number of passengers / available number of seats

If you like this quarterly report, you should see our latest annual report.

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Investor RelationsMario SantiTelephone: +43/1/7007-22826e-mail: [email protected]

ImprintPublisher: Flughafen Wien AG, Communications · P.O. Box 1, A-1300 Wien-Flughafen, Telephone: +43/1/7007-23333, Telefax: +43/1/7007-23805

Investor Relations: Mario Santi, Telephone: +43/1/7007-22826, Telefax: +43/1/7007-23058, e-mail: [email protected]

http://www.viennaairport.com · Data Registry Nr.: 008613 · Corporate Register Nr.: FN 42984 m · Court of Registry: Provincial Court in Korneuburg · Printed by: AV + Astoria Druckzentrum

ticker SymbolsReuters VIEV.VI

Bloomberg FLUG AV

Datastream O:FLU

ISIN AT0000911805

ÖKB-WKN 091180

ÖTOB FLU

ADR VIAAY

information on the Flughafen wien ShareShare price on 31.12.2009 in € 34.80

Share price on 30.9.2010 in € 42.45

Market cap as of 30.9.2010 in € mill. 891.5

Index weighting (ATX) as of 30.9.2010 in % 1.3

Financial calendarTraffic results for 2010 20 January 2011

Annual results for 2010 24 March 2011

22nd annual general meeting 29 April 2011

First quarter results 2011 26 May 2011

Interim financial report 2011 25 August 2011

Third quarter results 2011 24 November 2011

Stock exchange ListingsVienna, Frankfurt (Xetra),

London (SEAQ International), New York (ADR)

Contents

Commentary by the Management Board 2

Interim Group Management Report 4

Segment Reporting 11

Consolidated Interim Financial Statements as of 30 September 2010 15 ConsolidatedIncomeStatement 15 ConsolidatedStatementofComprehensiveIncome 16 ConsolidatedBalanceSheet 17 ConsolidatedCashFlowStatement 18 ConsolidatedStatementofChangesinEquity 18 SelectedNotes 19

Statement by the Members of the Management Board 24

Commentary by the Management Board

Dear Shareholders,Therenewedgrowthintrafficcontinuedthroughoutthethirdquarterof2010.ViennaInternationalAirporthandledatotalof14,870,628passengersduringthefirstninemonthsofthisyear,despitethenegativeeffectsofthevolcanicashcloudonairtravel.This8.3%growthrepresentsastrongimprovementoverthe10%declinerecordedforthefirstthreequartersof2009.ThenumberofpassengershandledinSeptemberroseby13.8%inannualcomparison,withtraffictoEasternEurope22.1%higherthaninSeptember2009.Thenumberofflightmovementsincreased0.9%overthepreviousyear,whilemaximumtake-offweight(MTOW)roseby9.2%.Cargoturnover,includingtrucking,amountedto217,259tonnes,foraplusof23.3%.

Inaccordancewiththetariffformula,theairporttariffswereraisedbyanettotalof0.5%asof1January2010toreflectthechangeintheconsumerpriceindex.Thisadjustmentincludesa13.0%reductioninthelandingtariffaswellasa7.3%increaseinthepassengertariff,andgivesViennaInternationalAirportatariffstructurethatremainshighlycompetitive.AllapplicationsfortariffadjustmentsaresubjecttoapprovalbytheAustriancivilaviationauthority,whichapprovedtheuseofthecurrentindexmodeluptotheendof2011.

TheFlughafenWienGroupgeneratedrevenueof€397.8millioninthefirstninemonthsof2010,whichreflectsayear-on-yearincreaseof6.3%.Thisdevelopmentdidnotkeeppacewiththegrowthintrafficbecauseofrevenuedeductions,i.e.anincreaseinthetransferincentiveandsupportfortherestructuringoftheAustrianAirlinesGroup.Otheroperatingincomeroseby€0.7millionto€11.3million,whileexpendituresforconsumablesandservicesincreased5.8%to€28.6million.Personnelexpensesroseby5.2%overthecomparableprioryearperiodto€168.5million,andotheroperatingexpensesincreased3.7%to€67.6million.Inthefirstninemonthsof2010,EBITDAamountedto€144.5million(+9.0%)andEBIT€ 95.2million(+15.0%).ThestrongerearningsgrowthinrelationtothedevelopmentofrevenuesupportedanimprovementintheEBITDAmarginto36.3%(1–9/2009:35.4%)andtheEBITmarginto23.9%(1–9/2009:22.1%).Financialresultschangedfromminus€3.7milliontominus€1.2million.Afterthedeductionof€21.8million(1–9/2009:€18.3million)inincometaxexpense,netprofitfortheperiodequalled€72.2million(1–9/2009:€60.8million).

TheSkylinkprojectwascompletelyrefocusedduringthepastyearwithnewprojectmanagementandpartners.Duringthenecessaryinterruptionofconstructionasof30 June2009,thepreviousagreementswithallcontractpartnerswerecancelledand,intotal,renegotiatedatmorefavourableconditionsforFlughafenWienAG.Inaddition,FlughafenWienAGrequestedthecourt-orderedregistrationofevidenceinordertoensurethetimelyremedyofdefectsandenforceanyclaimsagainsttheinvolvedcontractors.Followingtheendoftheabove-mentionednecessaryhalttoconstruction,workisnowproceedinginallareastocompletetheprojectonschedule.

Commentary Management Board

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Independentoftheabovesteps,thetendertoselectageneralcontractoriscontinuingatfullspeed.ThedecisiontoawardthiscontractwillbebasedontheeconomicbenefitsforFlughafenWienAG.

TheVIE-SkylinkprojecthasbeenthesubjectofanauditbytheAustrianFederalAccountingOfficesincetheendofOctober2009.Investigationsbythepublicprosecutorarealsocurrentlyinprogress.AppealshavebeenfiledagainsttherulingsissuedbytheAustrianFinancialMarketAuthority.

WeareconvincedthatwehavemetalllegalobligationstothebenefitofthecompanyandhavecompliedwiththeprovisionsoftheAustrianCorporateGovernanceCode.

Basedonthesounddevelopmentoftraffic,FlughafenWienAGhasreviseditsforecastsfor2010andnowexpectsaplusof9.0%inthenumberofpassengers,10.0%inmaximumtake-offweight(MTOW)and1.0%inflightmovements.

Inconclusion,wewouldliketothankourshareholdersandcustomersfortheirsupport.Ourspecialthanksalsogoouttoourmanyemployees–weareoptimisticthattheirteamworkandhighcommitmentwillmakeitpossibleforustomasterthesechallengingtimes.

Ernest Gabmann Herbert Kaufmann Gerhard SchmidMemberoftheBoard MemberoftheBoard MemberoftheBoard andSpeaker

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Commentary Management Board

Interim Group Management Report

The development of traffic ViennaInternationalAirporthandledatotal14,870,628passengersduringtheperiodfromJanuarytoSeptember2010.Thisreflectsanincreaseof8.3%overthecomparableprioryearperiodandwasrealiseddespitethenegativeeffectsofthevolcanicashcloudonairtrafficthroughoutEurope.PassengertraffictoEasternEuropeandWesternEuroperoseby12.8%and7.5%,respectively.TraffictotheMiddleEastwas12.0%higher,whiledestinationsinAfricarecordedaplusof7.3%.ThenumberofpassengerstravellingtoNorthAmericamatchedthecomparableprioryearperiod.TheAustrianAirlinesGroupreporteda13.1%increaseinthenumberofpassengershandledatViennaInternationalAirport,whichraiseditsshareoftotalpassengertrafficfrom49.4%inthefirstninemonthsof2009to51.6%.Thelow-costcarriershandled0.9%moredepartingpassengersduringthefirstthreequartersof2010,whichrepresents21.8%ofpassengertrafficinVienna(1–9/2009:23.4%).

Maximumtake-offweight(MTOW)totalled5,947,507tonnes,whichis9.2%higherthanthecomparableprioryearperiod.Thevolumeofcargohandled(aircargoandtrucking)roseby23.3%to217,259tonnes.Thenumberofflightmovementsincreasedbyaslight0.9%to185,523.Seatoccupancyrosefrom68.8%inthefirstninemonthsof2009to69.4%inthereportingperiod.

Revenue for the first nine months of 2010RevenuerecordedbytheFlughafenWienGrouproseby6.3%to€397.8millionforthefirstninemonthsof2010(1–9/2009:€374.4million).Thisincreasewaslessthanthegrowthintrafficbecauseofhigherrevenuedeductions,e.g.fromanincreaseinthetransferincentiveandsupportfortherestructuringoftheAustrianAirlinesGroup.ExternalrevenuerecordedbytheAirportSegmentroseby18.7%to€199.3million,aboveallduetoachangeintheallocationofrevenuefrompassengerandbaggagecontrolsthatwaspreviouslyassignedtotheHandlingSegmentandequalled€22.4millionforthereportingperiod.Thischangeinallocationwasalsoresponsiblefora€10.9milliondeclineinHandlingSegmentrevenueto€117.3million.TheaveragemarketshareoftheHandlingSegmentfellby0.8percentagepointsto89.3%.TheRetail&PropertiesSegmentreporteda6.1%increaseinrevenueto€70.0million,whilerevenueinthe“OtherSegments“declined€1.0millionto€10.8million.

Earnings for the first three quarters of 2010Otheroperatingincomeroseby€0.7million,andincludesanincreaseof€1.0millioninownworkcapitalised.

Thecostofconsumablesandserviceswas€1.6millionhigherat€28.6million,aboveallbecauseofhighermaterialcosts.

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TheFlughafenWienGrouphadanaverageof4,152employeesduringthereportingperiod(1–9/2009:4,188employees).Personnelexpensesroseby5.2%to€168.5million,primarilyduetoanincreaseinwagesandsalariesmandatedbycollectivebargainingagreementsaswellashighercostsforovertimeworkandone-offpayments.

Otheroperatingexpensesincreased3.7%to€67.6million.Thischangeincludesareductionof€4.8millioninvaluationadjustmentstoreceivablesaswellasthereversalofa€2.0millionprovisionthatwascreatedinthepreviousyear.Inaddition,thecomparable2009amountincludes€3.3millionofplanningexpenses.Theseitemswerecontrastedbya€6.9millionincreaseinmarketingandmarketcommunicationexpensesandanadditional€2.0millionoflegalandconsultingfees.Expendituresformaintenance,transportation,thirdpartyservicesandrentwerealsohigher.Earningsbeforeinterest,taxes,depreciationandamortisation(EBITDA)roseby9.0%overtheprioryearto€144.5million,andtheEBITDAmarginincreased0.9percentagepointsto36.3%.Depreciationandamortisationdeclined1.1%to€49.3million.Earningsbeforeinterestandtaxes(EBIT)amountedto€95.2million(1–9/2009:€82.8million).TheEBITmarginrosefrom22.1%forthefirstthreequartersof2009to23.9%inthereportingperiod.

Netfinancingcostsimprovedfromminus€7.2millioninthecomparableprioryearperiodtominus€5.1millionforthefirstthreequartersof2010.Interestincomeforthereportingperiodwas11.7%higherat€2.4million,whileinterestexpensefellby20.2%to€7.5million.Borrowingcostsof€12.6millionwerecapitalisedonconstructionprojects(1–9/2009:€11.6million).Incomefromcompaniesconsolidatedatequitytotalled€3.5million(1–9/2009:€3.4million).Financialresultsamountedtominus€1.2million,comparedwithminus€3.7millioninthefirstninemonthsof2009.Profitbeforetaxes(EBT)totalled€94.0million(1–9/2009:€79.1million)andresultedintaxexpenseof€21.8million(1–9/2009:€18.3million).Netprofitof€72.2millionforthefirstninemonthsof2010(1–9/2009:€60.8million)includesminus€16,156.12attributabletonon-controllinginterests.Therefore,profitattributabletotheshareholdersoftheparentcompanyequalled€72.2millionforthereportingperiod(1–9/2009:€60.8million).Basedonanunchangednumberofsharesoutstanding,earningspershareequalled€3.44,comparedwith€2.89forthefirstninemonthsof2009.

Earnings for the third quarter of 2010Revenuetotalled€144.7millioninthethirdquarterof2010(7–9/2009:€129.8million),whichrepresentsanincreaseof11.5%.Otheroperatingincomedeclinedby€0.4millionto€3.8million,aboveallduetolowerincomefromthereversalofprovisions.Thecostofconsumablesandservicesamountedto€8.2millionandremainednearlyunchangedinprioryearcomparison.Incontrast,personnelexpensesroseby6.8%to€56.1millionfollowinganincreaseinwagesandsalariesmandatedbycollectivebargainingagreementsandadditionalovertimework.Otheroperatingexpenseswere€4.5millionhigherat€25.3million.Increased

5


maintenance,marketingandmarketcommunicationcostswerecontrastedbyadeclineinvaluationadjustmentstoreceivablesandexpensesforthirdpartyservices.EBITDAforthethirdquarterof2010amountedto€58.8million(7–9/2009:€52.5million).Earningsbeforeinterestandtaxes(EBIT)roseby18.1%inthethirdquarterto€42.6million.Financialresultstotalled€1.6million(7–9/2009:minus€1.3million).Profitbeforetaxes(EBT)equalled€44.2million(7–9/2009:€34.8million).Afterthedeductionof€10.1millionintaxexpense(7–9/2009:€8.1million),netprofitamountedto€34.1millionforthethirdquarterof2010(7–9/2009:€26.6million).Theshareofthirdquarterprofitattributabletonon-controllinginterestswasminus€12,879.35.Profitattributabletotheshareholdersoftheparentcompanythereforeroseby28.1%to€34.1million.Basicearningspershareforthethirdquarterof2010equalled€1.63(7–9/2009:€1.26)andalsorepresentdilutedearningspershare.

Financial, asset and capital structure

AssetsNon-currentassetsincreased€37.9millionoverthelevelon31December2009to€1,760.4million.Expendituresof€86.4millionforintangibleassets,property,plantandequipment,prepaymentsandinvestmentpropertywerecontrastedbydepreciationandamortisationof€ 49.3million.Currentassetsdeclined€1.3million.Anincreaseof€0.4millionininventoriesand€1.1millioninshort-termsecuritieswascontrastedbyadeclineof€6.9millioninreceivablesandotherassets.Theincreaseinshort-termsecuritiesreflectedachangeinmarketvaluethatwasrecogniseddirectlyinequity.Cashandcashequivalentstotalled€9.6millionasof30September2010,or€4.2millionmorethanon31December2009.

Equity and liabilitiesA€44.1milliondividendforthe2009financialyearwaspaidduringthefirstninemonthsof2010.ThefairvaluemeasurementoftheputoptionfortheacquiredsharesinKSCHoldinga.s.hadapositiveeffectof€2.1milliononequity.Followingtherecognitioninequityof€ 0.8millionfromthefairvaluemeasurementofsecuritiesandhedgesaswellastheadditionof€ 72.2millioninnetprofitforthereportingperiod,equityincreased3.9%overthelevelon31 December2009toequal€825.8millionasof30September2010.Non-controllinginterestsasof30June2010representthestakeheldbyRZBHoldingGmbHintheSlovakiansubsidiaryBTSHoldinga.s.,Bratislava.Theequityratioequalled43.5%attheendofthefirstninemonthsof2010,comparedwith42.7%asof31December2009.

Non-currentliabilitiestotalled€744.5million,whichreflectsthelevelattheendofthepreviousyear.Adeclineof€4.6millioninnon-currentfinancialliabilitiesand€5.0millioninothernon-currentliabilitieswascontrastedbyanincreaseof€3.0millioninnon-currentprovisions.Non-currentdeferredtaxeswere€3.9millionhigherthanon31December2009.Theincreaseinnon-currentprovisionswasrelatedtohigherprovisionsforseverancecompensationandserviceanniversarybonuses.Non-currentliabilitiesdeclinedto€45.1millionfollowingtherepaymentofa€1.6millionloantotheownersofnon-controllinginterestsandthepartialpaymentofanon-currentliabilityduetotheenvironmentalfund.Currentliabilitiesroseby2.6%to€327.2million.Miscellaneousprovisions–whichconsistprimarilyofprovisions

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forgoodsandservicesnotyetinvoicedaswellascurrentobligationstoemployees–declined€14.1milliontoequal€76.8millionasof30September2010.Incontrast,currentfinancialliabilitiesroseby€38.0millionto€128.6million.Tradepayablesdecreasedfrom€103.8millionto€87.1million.Otherliabilitiesdecreasedto€28.5million,chieflyduetotheabove-mentionedrepaymentofaloantotheownersofnon-controllinginterests.

Cash flow statement Profitbeforetaxes(EBT)roseby18.9%year-on-yearto€94.0million.Adecreaseof€7.2millioninreceivableswascontrastedbythereleaseof€0.8millioningovernmentgrantsaswellasanincreaseof€0.4millionininventoriesand€14.1millioninprovisions.Liabilitiesroseby€1.6million.Aftertheinclusionof€48.3millionindepreciationandamortisationand€13.2millionofincometaxpayments,netcashflowfromoperatingactivitiesamountedto€151.0million(1–9/2009:€108.2million).

Netcashflowfrominvestingactivitiesequalledminus€130.0millionforthefirstninemonthsof2010,comparedwithminus€99.8millioninthecomparableprioryearperiod.Paymentsforassetadditions(excludingfinancialassets)amountedto€130.0million(1–9/2009:€132.0million)andpaymentsforthepurchaseoffinancialassetsamountedto€0.1million.Inthefirstninemonthsof2009paymentsof€32.2millionwerereceivedforcurrentsecurities.

The€44.1milliondividendforthe2009financialyearwaspaidduringthereportingperiod.A€38.0millionincreaseincurrentfinancialliabilitieswascontrastedbyrepaymentsof€4.6milliononnon-currentfinancialliabilities.Theexerciseoftheputoptionforthenon-controllinginterestsinKSCHoldinga.s.,Bratislava,ledtoacashoutflowof€6.0million.Theresultingnetcashflowfromfinancingactivitiestotalledminus€16.7million(1–9/2009:minus€ 8.6million).Thechangeincashandcashequivalentsduringthereportingperiodamountedto€4.2million,withcashandcashequivalentsamountingto€9.6millionasof30September2010.

Corporate spendingThemajorinvestmentsduringthefirstninemonthsof2010involvedtheterminalextensionVIE-Skylinkat€43.5million,securitysystemsat€7.3million,technicalnoiseprotectionandtheenvironmentalfundat€4.2million,infrastructureextensionsforthewestexpansionat€ 2.2million,passengersecuritycontrollinesat€1.4million,advertisingspaceat€1.8millionandbaggagesortingequipmentat€1.7millionaswellas€1.0millioneachfortowingvehiclesandrealestate.

TheSkylinkprojectwascompletelyrefocusedduringthepastyearwithnewprojectmanagementandpartners.Duringthenecessaryinterruptionofconstructionasof30 June2009,thepreviousagreementswithallcontractpartnerswerecancelledand,intotal,renegotiatedatmorefavourableconditionsforFlughafenWienAG.Inaddition,FlughafenWienAGrequestedthecourt-orderedregistrationofevidenceinordertoensurethetimelyremedyofdefectsandenforceanyclaimsagainsttheinvolvedcontractors.

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Followingtheendoftheabove-mentionednecessaryhalttoconstruction,allfirmsarenowdirectingtheirfullattentiontocompletingconstructiononschedule.Thepaceandscopeofconstructionincreasedsignificantlyduringthesummermonths.Workonthetechnicalservices,whichhasbeengiventoppriority,isproceedingonschedule.AgeneralcontractorfortheinteriorconstructionwascommissionedduringthefirsthalfofJulyandhasalreadystartedwork.ThisgeneralcontractorwasthemostimportantunresolvedelementrequiredtocompletetheterminalextensionSkylinkonschedule,wherebythefirmisalsoresponsibleforallrelatedbuildingconstruction:theentireinterior,extensivemetalworkingandexteriorfacilities.Workwillcontinueasplannedduringthecomingmonthsandafurtherincreaseinthevolumeofconstructionisexpected.

Theprocesstimelinepreparedbyprojectmanagementconfirmstheoverallschedulewiththecompletionofconstructionasplannedandguaranteesthestartofoperationsduringthefirsthalfof2012.Projectionsbythenewprojectmanagementindicatethattheprojectcanbecompletedwithintheforecastedbudget,wherebythegoalistoholdthetotalcostsbelow€ 830million.Thisamountincludesprovisionsforrisk,reservesandthepossiblecommissioningofageneralcontractorfortheentireproject.Thecompleterefocusingoftheproject,thenewandcoordinateddetailplanning,previouslycompletedconstructionand,finally,theselectionofageneralcontractorfortheinteriorconstructionrepresentthemostimportantrequirementsforcompletionofthisprojectinaccordancewiththecostandschedulingtargets.

Independentoftheabovesteps,thetendertoselectageneralcontractorisproceedingatfullspeed.ThedecisiontoawardthecontractwillbebasedontheeconomicbenefitsforFlughafenWienAG.

Theprogressofworkattheconstructionsiteissatisfactory,whileeffortsarealsofocusedonpreparationsforthestartofoperations.Thefirststart-upconceptswerepreparedandtherequiredorganisationiscurrentlybeingdeveloped.Afurtherstepinvolvesthecontinuationofworkonthecomplexinformationandcommunicationstechnology.

TheVIE-SkylinkprojecthasbeenthesubjectofanauditbytheAustrianFederalAccountingOfficesincetheendofOctober2009.Investigationsbythepublicprosecutorarealsocurrentlyinprogress.AppealshavebeenfiledagainsttherulingsissuedbytheAustrianFinancialMarketAuthority.

8


Risks of Future DevelopmentThedevelopmentofearningsduringthefirstninemonthsof2010wasnegativelyaffectedbytherepeatedclosingofairspaceoverEuropeinreactiontothevolcanicashcloud.

Themajorrisksanduncertaintiesassociatedwiththeremainingthreemonthsofthe2010financialyearareconnectedwiththedevelopmentoftheeconomyandtheaviationindustry.Externalfactorssuchasterror,warorothersuchshocks(e.g.theshutdownofEuropeanairspaceduetonaturalphenomena)reducetraffic,butcannotbeactivelymanagedbyanindividualcompany.

Otherrisksarerelatedtotheexpansionofairportcapacity,aboveallinconnectionwiththeterminalextensionVIE-Skylink.ActivitiesrelatingtotheterminalextensionVIE-Skylinkwereresumedasplannedinmid-February2010.Operationsintheterminalextensionareplannedtostartduringthefirsthalfof2012,independentofthepossibleselectionofageneralcontractor.

PossibleclaimsfordamagesinconnectionwiththeterminalextensionaswellastherelatedconsequencesarecurrentlyunderanalysisbyFlughafenWienAGtogetherwithlegalexperts.

Anotherchallengeisformedbytheenvironmentalimpactstudyfortheconstructionofathirdrunway.FlughafenWienAGfiledanapplicationwiththeresponsibleauthoritiesintheprovincialgovernmentoftheprovinceofLowerAustriafortheapprovaloftheproject“parallelrunway11R/29L(thirdrunway)“inaccordancewiththeAustrianenvironmentalimpactassessmentact.Adecisiononthestartofconstructionwillbemadeafterreceiptofthefinalrulingandananalysisoftheairportrequirementsbasedonlong-termforecastspreparedatthattime.

ThevaluationofassetsisbasedontheassumptionthatViennaInternationalAirportwillmaintainitspositionasaneast-westhubwithafocusontraffictotheeast.

Other InformationInformationonsignificanttransactionswithrelatedcompaniesandpersonsisprovidedinpoint6ofthenotestotheinterimconsolidatedfinancialstatements.

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OutlookPreliminarydataforOctobershowpositivedevelopmentinalltrafficsegments.IncomparisonwithOctoberofthepreviousyear,thenumberofpassengershandledinViennaroseby11.4%.Flightmovementsincreased3.8%andmaximumtake-offweight(MTOW)14.4%.Passengertraffic(scheduledandcharterflights)toEasternEuropewas19.1%higherinOctober2010.TheotherdestinationsinEuropeandtheMiddleEastrecordedgrowthof9.9%and11.2%,respectively.Cargovolume(aircargoandtrucking)grew2.8%to26,704tonnes.

Basedonthesounddevelopmentoftraffic,FlughafenWienAGhasreviseditstrafficforecastsfor2010andnowexpectsaplusof9.0%inthenumberofpassengers,10.0%inmaximumtake-offweight(MTOW)and1.0%inflightmovements.

Latestestimatescallforinvestmentsof€129.0millionin2010.Thisamountcoversreplacementsandmaintenance,butexcludesexpendituresforthethirdrunway,thepurchaseoflandandborrowingcostscapitalisedduringconstruction.ThereductioninplannedinvestmentsresultedfromthepostponedrealisationofprojectsthatincludetherevitalisationofTerminal2,theforwardingagentbuildingandthebusgates.ItalsoreflectstherenegotiationofcontractsfortheVIE-Skylinkprojectatmorefavourableconditionsandtheimplementationofothermeasuresthatledtoanincreaseintheprovisionforriskandreserves.Inaddition,individualinvestmentsfortheVIE-Skylinkprojectwererescheduledtolaterperiods.Thegoalistokeepthetotalcostsbelow€830millionandtoalsoguaranteethestartofoperationsduringthefirsthalfof2012.

Weexpecttoreceivethefinalreportoftheex-postenvironmentalimpactreportforViennaInternationalAirportattheendof2010.

Schwechat,5November2010


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Segment Reporting

Segment Results in T€ Change 1–9/2010 1–9/2009 in %Airport

Externalsegmentrevenue 199,309.5 167,943.1 18.7

SegmentEBIT 66,267.1 63,164.4 4.9

Handling

Externalsegmentrevenue 117,300.0 128,237.5 -8.5

SegmentEBIT 13,202.5 11,360.3 16.2

Retail & Properties

Externalsegmentrevenue 70,015.8 66,010.9 6.1

SegmentEBIT 32,670.5 32,395.3 0.8

Other Segments

Externalsegmentrevenue 10,846.3 11,873.2 -8.6

SegmentEBIT 564.0 -3,010.1 -118.7

Airport SegmentTheAirportSegmentrecordedexternalrevenueof€199.3millioninthefirstninemonthsof2010(1–9/2009:€167.9million).Thisdevelopmentwassupportedbythegrowthintraffic(passengers:+8.3%,maximumtake-offweight:+9.2%)aswellasincomeof€22.4millionfrompassengerandbaggagecontrols,whichwasreclassifiedtotheAirportSegmentbeginningon1December2009.Incomefromthereimbursementofcostsforsecurityservicesroseby€ 2.5millionyear-on-yearto€10.0million.

Inaccordancewiththetariffformula,theairporttariffswereraisedbyanettotalof0.5%asof1January2010toreflectthechangeintheconsumerpriceindex.Thisadjustmentcoversa13.0%reductioninthelandingtariffaswellasa7.3%increaseinthepassengertariff,andgivesViennaInternationalAirportatariffstructurethatremainshighlycompetitive.AllapplicationsfortariffadjustmentsmustbeauthorisedbytheAustriancivilaviationauthority,whichapprovedtheformulafortariffadjustmentsbasedontheindexmodeluptotheendof2011.

TheshareofpassengershandledbytheAustrianAirlinesGroupatViennaInternationalAirportroseby13.1%duringthereportingperiod,raisingthiscarrier’sshareofthetotalpassengervolumefrom49.4%to51.6%.Thelow-costcarriersrecordedaplusof0.9 percentagepointsinthenumberofpassengersdepartingfromVienna.Theirshareofthetotalpassengervolumedeclined1.6percentagepointsto21.8%.

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Segment Reporting

Externaloperatingexpensesroseby€8.7millionoverthecomparableprioryearlevelto€84.2million.Personnelexpenseswere4.1%higherthanthefirstninemonthsof2009duetowageandsalaryincreasesmandatedbycollectivebargainingagreementsaswellasovertimeworkandone-offpayments.Otheroperatingexpensesincreased€8.1millionto€ 33.2millionduetohigherexpendituresformaintenance,thirdpartyservices,insurance,rentals,marketingandmarketcommunication.Depreciationandamortisationdeclined€0.7millionto€25.1million.Internaloperatingexpensesroseby€22.6millionto€77.0million(1–9/2009:€54.3million),inpartduetoservicespurchasedfromtheHandlingSegmentforpassengerandbaggagecontrols.SegmentEBITDAamountedto€91.4million(1–9/2009:€89.0million)andsegmentEBIT€66.3million(1–9/2009:€63.2million)forthereportingperiod.

Handling SegmentTheHandlingSegmentincludesVIE-HandlinganditssubsidiaryViennaAircraftHandlingGmbHaswellasthesecuritycontrolservicesprovidedbythesubsidiaryViennaInternationalAirportSecurityServicesGes.m.b.H.(VIAS).Thissegmentgeneratedexternalrevenue€117.3millioninthefirstninemonthsof2010(1–9/2009:€128.2million),whichrepresentsadeclineof€ 10.9millionor8.5%.

Thisdevelopmentreflectsachangefromtheprioryearthroughthereclassificationofrevenuefrompassengerandbaggagecontrols(1–9/2010:€18.7million)tointernalrevenue.Therefore,externalrevenuefromsecuritycontrolsandotherservicesprovidedbyVIASwas€19.4millionlowerthanthecomparableprioryearamountat€2.5million.VIASpersonnelexpenseswerereducedby€0.1million,whileotheroperatingexpensesdeclined€0.5million.

Thegeneralaviationsector(VAH)reported6.2%declineinrevenueto€5.4million.Thecostofconsumablesandserviceswasreducedby€0.4millionandpersonnelexpensesby3.3%.

RevenuerecordedbyVIE-Handlingfromapronservicesincreased3.3%to€76.6million,whilerevenuefromtraffichandlingremainednearlyunchangedat€7.5million.Revenuefromcargohandlingroseby34.2%to€25.3million.TheaveragemarketshareofVIE-Handlinginaircrafthandlingdeclined0.8percentagepointsto89.3%.Thecostofconsumableswas€0.5millionhigherthaninthefirstninemonthsofthepreviousyear.PersonnelexpensesrecordedbyVIE-Handlingroseby€5.7million,aboveallduetoone-offpaymentsandanincreaseinovertimework.

12

Segment Reporting

ExternaloperatingexpensesrecordedbytheHandlingSegmentroseby€5.5millionor4.7%to€120.5millionforthefirstninemonthsof2010.Thischangeincludeda€5.5millionincreaseinpersonnelcostsanda€0.2milliondeclineindepreciationandamortisation.

SegmentEBITDAroseto€18.3million(1–9/2009:€16.7million)andsegmentEBITto€13.2million(1–9/2009:€11.4million).

Retail & Properties SegmentTheRetail&PropertiesSegmentcomprisesshopping,gastronomyandparkingactivitiesaswellasthedevelopmentandmarketingofproperties.Thissegmentreporteda6.1%riseinexternalrevenueto€70.0millionforthereportingperiod,whichresultedprimarilyfromanincreaseof13.6%inparkingrevenueto€26.1million.Revenuefromrentalsfellby3.1%to€ 24.0million,butrevenuefromshoppingandgastronomyroseby9.0%to€19.9million.

Thecostofmaterialswas€0.3millionhigher,aboveallduetoanincreaseinotherexpenseschargedout.Personnelexpensesremainednearlyconstantincomparisonwiththecomparableprioryearperiodat€3.8million.Otheroperatingexpensesincreased€0.8millionto€12.8million,mainlyduetohigherexpendituresformarketingandmarketcommunication.Incontrast,rentalexpenseswerelower.Intra-segmentchargesledtoanincreaseof€2.5millionininternaloperatingcoststo€21.9million.Inthefirstninemonthsof2010theRetail&PropertiesSegmentgeneratedEBITDAof€43.6million(1–9/2009:€43.0million)andEBITof€32.7million(1–9/2009:€32.4million).

Other SegmentsThereportingsegment“OtherSegments“providesawiderangeofservicesforothersegmentsoftheFlughafenWienGroupaswellasexternalcustomers.Theseservicesincludetechnicalworkandrepairs,infrastructuremaintenance,energysupplyandwastedisposal,telecommunicationsandinformationtechnology,electromechanicalandbuildingservices,theconstructionandmaintenanceofinfrastructurefacilities,constructionmanagementandconsulting.

ThissegmentalsoincludestheGroupcompaniesthatdirectlyorindirectlyholdsharesinassociatesorjointventuresinforeigncountriesandhavenootheroperatingactivities.Externalrevenueforthefirstninemonthsof2010totalled€10.8million(1–9/2009:€11.9million)whileinternalrevenueroseto€54.0million(1–9/2009:€50.8million).Otherinternalandexternalincomeincreasedbyatotalof€2.5millionto€5.7million.

13

Segment Reporting

Thecostofconsumablesandservicesincreased€0.6millionto€16.7million,primarilyduetohigherexpenseschargedout.Personnelexpensesroseby€1.6millionor6.4%to€26.4million,whiledepreciationandamortisationwere2.8%higherat€7.9million.Otheroperatingexpensesdeclined€1.8millionto€12.4million.Increasedexpendituresformaintenanceandthirdpartyservicesaswellaslegalandconsultingfeeswerecontrastedbyadeclineinotheroperatingexpenses.Internaloperatingexpensesroseby€0.4millionto€6.5million.ThissegmentrecordedEBITDAof€8.5million(1–9/2009:€4.7million)andEBITof€ 0.6million(1–9/2009:minus€3.0million)forthefirstninemonthsof2010.

14

Segment Reporting

Consolidated Interim Financial Statements

Consolidated Income Statement Changein T€ 1–9/2010 1–9/2009 in % 7–9/2010 7–9/2009Revenue 397,814.6 374,353.6 6.3 144,651.5 129,768.3

Otheroperatingincome 11,347.0 10,637.1 6.7 3,830.8 4,256.6

Operating income 409,161.6 384,990.7 6.3 148,482.3 134,024.9

Consumablesandservicesused -28,553.3 -26,991.6 5.8 -8,207.6 -8,108.5

Personnelexpenses -168,522.6 -160,183.2 5.2 -56,146.8 -52,579.1

Otheroperatingexpenses -67,613.3 -65,212.0 3.7 -25,321.2 -20,854.1

Earnings before interest, taxes,

depreciation and amortisation (EBITDA) 144,472.3 132,603.9 9.0 58,806.7 52,483.1

Depreciationandamortisation -49,268.5 -49,838.3 -1.1 -16,217.1 -16,413.3

Earnings before interest and taxes (EBIT) 95,203.9 82,765.6 15.0 42,589.6 36,069.8

Incomefrominvestments,

excl.companiesatequity 311.5 225.0 38.5 0.0 225.0

Netfinancingcosts -5,090.8 -7,247.7 -29.8 -1,114.6 -3,821.9

Otherfinancialexpense/income 32.3 -33.8 -195.6 10.8 0.0

Financialresults,excl.companiesatequity -4,746.9 -7,056.5 -32.7 -1,103.8 -3,596.9

Incomefromcompaniesatequity 3,549.7 3,362.5 5.6 2,665.7 2,290.5

Financial results -1,197.2 -3,694.0 -67.6 1,561.9 -1,306.4

Profit before taxes (EBT) 94,006.6 79,071.5 18.9 44,151.6 34,763.4

Incometaxes -21,818.4 -18,309.6 19.2 -10,063.7 -8,136.1

Net profit for the period 72,188.3 60,761.9 18.8 34,087.9 26,627.3

Thereofattributableto:

Equity holders of the parent 72,204.4 60,771.4 18.8 34,100.8 26,630.5

Non-controllinginterests -16.2 -9.5 70.3 -12.9 -3.2

Earningspersharein€basic/diluted 3.44 2.89 19.0 1.63 1.26

15


Consolidated Statement of ChangeComprehensive Income in T€ 1–9/2010 1–9/2009 in % 7–9/2010 7–9/2009Net profit for the period 72,188.3 60,761.9 18.8 34,087.9 26,627.3

Income and expenses

recognised directly in equity

Changeinfairvalueof

available-for-salesecurities 1,104.0 948.6 16.4 -639.4 1,873.5

Fairvaluemeasurementofputoption

heldbynon-controllinginterests 2,122.1 0.0 n.a. 0.0 0.0

Cashflowhedge 12.0 -212.8 -105.6 85.5 -39.4

Deferredtaxesonitems

recogniseddirectlyinequity -279.0 -183.9 51.7 138.5 -458.5

Other comprehensive income 2,959.1 551.8 436.3 -415.4 1,375.6

Total comprehensive income 75,147.4 61,313.7 22.6 33,672.5 28,002.9

Thereofattributableto:

Equity holders of the parent 75,163.5 61,323.2 22.6 33,685.4 28,006.0

Non-controllinginterests -16.2 -9.5 70.3 -12.9 -3.2

16


ChangeConsolidated Balance Sheet in T€ 30.9.2010 31.12.2009 in %ASSETS

Non-current assets

Intangibleassets 12,766.1 12,977.6 -1.6

Property,plantandequipment 1,510,884.9 1,471,339.5 2.7

Investmentproperty 124,350.0 126,896.0 -2.0

Investmentsaccountedforusing

theequitymethod 108,406.5 107,368.9 1.0

Otherfinancialassets 3,971.0 3,923.3 1.2

1,760,378.6 1,722,505.4 2.2

Current assets

Inventories 3,718.9 3,310.8 12.3

Securities 63,988.7 62,884.7 1.8

Receivablesandotherassets 59,854.4 66,802.0 -10.4

Cashandcashequivalents 9,603.7 5,428.6 76.9

137,165.7 138,426.2 -0.9

Total ASSETS 1,897,544.3 1,860,931.6 2.0

EQUITY AND LIABILITIES

Equity

Sharecapital 152,670.0 152,670.0 0.0

Capitalreserves 117,657.3 117,657.3 0.0

Otherreserves 5,483.9 4,646.9 18.0

Retainedearnings 549,781.2 519,554.7 5.8

Non-controllinginterests 247.4 263.6 -6.1

825,839.8 794,792.4 3.9

Non-current liabilities

Provisions 95,960.0 92,943.0 3.2

Financialliabilities 586,998.6 591,551.6 -0.8

Otherliabilities 45,109.6 50,137.6 -10.0

Deferredtaxliabilities 16,475.1 12,567.8 31.1

744,543.3 747,199.9 -0.4

Current liabilities

Provisionsfortaxation 6,057.6 835.0 625.4

Otherprovisions 76,784.1 90,863.2 -15.5

Financialliabilities 128,627.2 90,671.6 41.9

Tradepayables 87,143.8 103,804.1 -16.0

Otherliabilities 28,548.4 32,765.3 -12.9

327,161.1 318,939.3 2.6

Total EQUITY AND LIABILITIES 1,897,544.3 1,860,931.6 2.0

17


ChangeConsolidated Cash Flow Statement in T€ 1–9/2010 1–9/2009 in % Net cash flow from operating activities 150,957.5 108,162.7 39.6

+Paymentsreceivedonthedisposalofnon-current

assets(excl.non-currentfinancialassets) 37.8 19.6 92.6

+Paymentsreceivedonthedisposaloffinancialassets 2.2 3.3 -34.4

- Paymentsmadeforthepurchaseofnon-current

assets(excl.non-currentfinancialassets) -129,991.1 -132,019.2 -1.5

- Paymentsmadeforthepurchaseoffinancialassets -85.9 0.0 n.a.

+Paymentsreceivedforotherfinancialassets

(securities) 0.0 32,152.6 -100.0

Net cash flow from investing activities -130,037.1 -99,843.7 30.2

- Dividend -44,100.0 -54,600.0 -19.2

+Changeinnon-controllinginterests -6,047.9 289.2 n.a.

+Changeinfinancialliabilities 33,402.6 45,682.3 -26.9

Net cash flow from financing activities -16,745.2 -8,628.4 94.1

Change in cash and cash equivalents 4,175.2 -309.4 -1,449.4

+Cashandcashequivalentsatthebeginning

oftheperiod 5,428.6 6,642.8 -18.3

Cash and cash equivalents at the end

of the period 9,603.7 6,333.4 51.6

Attributable to equity holders of the parent NonConsolidated Statement Total con-of Changes in Equity Share Capital other Retained trollingin T€ capital reserves reserves earnings Total interests TotalBalance on 1.1.2009 152,670.0 117,657.3 5,726.8 500,052.7 776,106.8 277.5 776,384.3

Othercomprehensiveincome 0.0 0.0 551.8 0.0 551.8 0.0 551.8

Netprofitfortheperiod 0.0 0.0 0.0 60,771.4 60,771.4 -9.5 60,761.9

Total comprehensive

income 0.0 0.0 551.8 60,771.4 61,323.2 -9.5 61,313.7

Dividend 0.0 0.0 0.0 -54,600.0 -54,600.0 0.0 -54,600.0

Balance on 30.9.2009 152,670.0 117,657.3 6,278.6 506,224.2 782,830.1 268.0 783,098.1

Balance on 1.1.2010 152,670.0 117,657.3 4,646.9 519,554.7 794,528.9 263.6 794,792.4

Othercomprehensiveincome 0.0 0.0 837.0 2,122.1 2,959.1 0.0 2,959.1

Netprofitfortheperiod 0.0 0.0 0.0 72,204.4 72,204.4 -16.2 72,188.3

Total comprehensive

income 0.0 0.0 837.0 74,326.6 75,163.5 -16.2 75,147.4

Dividend 0.0 0.0 0.0 -44,100.0 -44,100.0 0.0 -44,100.0

Balance on 30.9.2010 152,670.0 117,657.3 5,483.9 549,781.2 825,592.4 247.4 825,839.8

18


Selected Notes

(1) Basis of preparationThecondensedconsolidatedinterimfinancialstatementsofFlughafenWienAGasof30 September2010werepreparedinaccordancewithIAS34,asadoptedbytheEuropeanUnion(EU).

InagreementwithIAS34(InterimFinancialReporting),thecondensedconsolidatedinterimfinancialstatementsdonotincludeallinformationanddisclosuresthatarerequiredforannualfinancialstatements,andshouldbereadinconnectionwiththeconsolidatedfinancialstatementsofFlughafenWienAGasof31December2009.

(2) Significant accounting policiesThesameaccountingandvaluationpoliciesandcalculationmethodsappliedinpreparingtheannualfinancialstatementsfor2009wereusedtopreparetheinterimfinancialstatementsasof30September2010,withtheexceptionofthestandardsthatrequirefirst-timeapplicationduringthereportingperiod.Additionalinformationontheseaccountingandvaluationpoliciesaswellasthenewstandardsthatrequiremandatoryapplicationasof1January2010isprovidedintheconsolidatedfinancialstatementsasof31December2009,whichformthebasisforthesecondensedconsolidatedinterimfinancialstatements.Theuseofautomaticdataprocessingequipmentmayleadtoroundingdifferencesintheadditionofroundedamountsandpercentagerates.

(3) Information on operating segments (IFRS 8)TheFlughafenWienGroupappliedIFRS8forthefirsttimeasof1January2009.IFRS8followsthemanagementapproachmuchmorerigorouslythanIAS14andcallsforsegmentreportingthatisbasedsolelyontheinternalorganisationandreportingstructureaswellastheinternalmeasurementindicatorsusedbythecompany.

IFRS8identifiesoperatingsegmentsascomponentsofacompany:thatengageinbusinessactivitiesfromwhichtheycanearnrevenuesandincurexpenses(alsotogetherwithandfromothersegments);andwhoseoperatingresultsareregularlyreviewedbythecompany’schiefoperatingdecision-makerstomakedecisionsaboutresourcestobeallocatedtothesegmentandassessitsperformance;andforwhichdiscretefinancialinformationisavailable.

InaccordancewiththepreviouslyapplicableprovisionsofIAS14,acompanywasrequiredtodefinetwotypesofsegments(operatingsegmentsandgeographicalsegments)basedonthe“risksandrewards“approach.Thesystemforinternalreportingtomanagementrepresentedthestartingpointfortheidentificationofthesesegments.

TheintroductionofIFRS8resultedinstrictcompliancewiththemanagementapproach.ThestartingpointisformedbytheoperatingsegmentsthatmeetthequantitativethresholdsdefinedinIFRS8.13andarethereforereportable.OperatingsegmentsthatexhibitsimilarcharacteristicsasdefinedinIFRS8.12andarealsosimilartotheotherfactorsdescribed

19

Selected Notes

inIFRS8.12areaggregatedtogetherwiththesereportablesegmentsintoasingleoperatingsegment.Activitiesthatarenotreportableintheirownrightandcannotbeaggregatedwithotherreportablesegmentsarecombinedintothecategory“OtherSegments”inagreementwithIFRS8.16.

AirportTheaviationandairportservicesbusinesssegmentsarecombinedintothereportableoperatingsegment“Airport”.TheactivitiesoftheAviationSegmentconsistprimarilyofthetraditionalservicesperformedbyanairportoperator.Theseservicesincludetheoperationandmaintenanceofaircraftmovementareasandtheterminalsaswellasallequipmentandfacilitiesinvolvedinpassengerandbaggagehandling,includingtheVIPCenterandVIPlounges.Thefeesfortheseservicesaregenerallysubjecttotariffregulations.Theairportservicesunitprovideswidearangeofservicestosupportairportoperations,todealwithemergenciesanddisruptionsandtoensuresecurity.VöslauAirportisalsoallocatedtotheAirportSegment.

HandlingTheHandlingSegmentsuppliesabroadrangeofservicesforthehandlingofaircraftandpassengersonscheduledandcharterflights.ItisalsoresponsibleforthehandlingofgeneralaviationaircraftandpassengersaswellastheoperationoftheGeneralAviationCenter.Inaddition,securitycontrolsforpersonsandhandluggageareprovidedbytheHandlingSegment.RevenuefromsecuritycontrolswasclassifiedasinternalrevenuebeginninginDecember2009.

Retail & PropertiesTheRetail&PropertiesSegmentprovidesvariousservicestosupportairportoperations,includingshopping,gastronomyandparking.Activitiesrelatedtothedevelopmentandmarketingofrealestatearealsoincludedinthissegment.

Other SegmentsThissegmentcomprisesvariousservicesthatareprovidedtootheroperatingsegmentsaswellasexternalcustomers,andincludetechnicalservicesandrepairs,infrastructuremaintenance,energysupplyandwastedisposal,telecommunicationsandinformationtechnology,electromechanicalandbuildingservices,theconstructionandmaintenanceofinfrastructurefacilities,constructionmanagementandconsulting.

AlsoallocatedtothissegmentarethesubsidiariesofFlughafenWienAGthatholdsharesinassociatesandjointventuresinforeigncountriesandhavenootheroperatingactivities.

20

Selected Notes

Revenues and Segment Reporting 2010

Retail & Other 1–9/2010 in T€ Airport Handling Properties Segments GroupExternalsegmentrevenue 199,309.5 117,300.0 70,015.8 10,846.3 397,471.5

Internalsegmentrevenue 25,193.9 39,359.2 11,975.3 53,979.7

Segmentrevenue 224,503.4 156,659.2 81,991.0 64,826.0

Otherexternalrevenue1) 343.1

Group revenue 397,814.6

Segmentresults 66,267.1 13,202.5 32,670.5 564.0 112,704.1

Other(notallocated) -17,500.2

Group EBIT 95,203.9

1) Other external revenue is related solely to the administrative area.

Revenues and Segment Reporting 2009

Retail & Other 1–9/2009 in T€ Airport Handling Properties Segments GroupExternalsegmentrevenue 167,943.1 128,237.5 66,010.9 11,873.2 374,064.7

Internalsegmentrevenue 21,642.1 19,907.3 11,462.2 50,844.9

Segmentrevenue 189,585.2 148,144.7 77,473.1 62,718.1

Otherexternalrevenue1) 288.9

Group revenue 374,353.6

Segmentresults 63,164.4 11,360.3 32,395.3 -3,010.1 103,909.8

Other(notallocated) -21,144.3

Group EBIT 82,765.6

1) Other external revenue is related solely to the administrative area.

Reconciliation of reportable segment results to Group EBIT

in T€ 1–9/2010 1–9/2009Totalreportedsegmentresults(EBIT) 112,704.1 103,909.8

Administration

Revenue 4,474.2 4,194.5

Otheroperatingincome 942.4 1,744.2

Consumables -365.7 -226.9

Personnelexpenses -9,848.6 -9,469.4

Otheroperatingexpenses -12,482.4 -17,055.2

Depreciationandamortisation -220.2 -331.4

Total not allocated -17,500.2 -21,144.3

Group EBIT 95,203.9 82,765.6

The non-allocated items shown in the reconciliation are related solely to the administrative area.

Selected Notes

21

Segment assets

in T€ 30.9.2010 31.12.2009Assets by segment

Airport 1,231,786.7 1,182,614.6

Handling 37,824.3 40,832.8

Retail&Properties 349,678.3 356,738.1

OtherSegments 184,078.0 184,953.6

Total assets in reportable segments 1,803,367.3 1,765,139.0

Assets not allocated to a specific segment

Intangibleassetsandproperty,plant

andequipmentusedinadministration 943.5 1,084.5

Otherfinancialassets 3,358.1 3,310.4

Non-currentreceivables 111.3 111.3

Currentsecurities 63,988.7 62,884.7

Inventories 97.0 113.3

Tradereceivables 37.8 33.3

Receivablesduefromsubsidiaries 58.3 456.1

Receivablesduefrominvestmentsrecordedatequity 47.6 140.3

Receivablesduefromtaxationauthorities 6,764.5 14,040.0

Otherreceivablesandassets 4,565.7 5,315.6

Prepaidexpensesanddeferredcharges 4,600.7 2,874.6

Cashandcashequivalents 9,603.7 5,428.6

Total not allocated 94,176.9 95,792.6

Group assets 1,897,544.3 1,860,931.6

(4) Seasonality of the airport business RevenueandearningsrecordedbyFlughafenWienAGforthefirstandfourthquartersofthecalendaryeararegenerallylowerthanthesecondandthirdquartersduetotheseasonaldistributionofbusinessintheaviationindustry.ThesehigherresultsareaconsequenceoftheincreaseinthenumberofpassengersduringthevacationseasoninEurope.

(5) Consolidation range TheseconsolidatedinterimfinancialstatementsincludeFlughafenWienAGaswellas14 domestic(31.12.2009:12)andfiveforeign(31.12.2009:five)subsidiariesoverwhichFlughafenWienAGexercisescontrol.Inaddition,fourdomesticcompanies(31.12.2009:three)andfourforeigncompanies(31.12.2009:four)areincludedusingtheequitymethod.

AnadditionalstakeinSCAScheduleCoordinationAustriaGmbHwasacquiredfor€ 68,400throughacontractofassignmentdated22October2009;thisstakerepresentsafullypaid-insharewithanominalvalueof€6,750.Inaccordancewithpointsixoftheassignmentcontract,allrightsandobligationsconnectedwiththisinvestmentweretransferredtothenewshareholderasof31December2009.Goodwillof€8,536.20isattributedtotheacquired

Selected Notes

22

stake;thisgoodwillisincludedinthecarryingamountoftheinvestmentinaccordancewithIAS28.23andisnotshownseparately.

A19.05%stakeinKSCHoldinga.s.wasacquiredthroughacontractofassignmentdated18June2010.TheFlughafenWienGroupnowholds100%ofthesharesinthiscompanywhich,inturn,owns66%ofKošiceAirport.Theresultsofthefairvaluemeasurementoftherelatedputoptionheldbythenon-controllinginterestswererecogniseddirectlyinequityduringthereportingperiodandarereportedunderothercomprehensiveincome.

Twosubsidiarieswerefoundedduringthefirstninemonthsof2010:VIEÖBAandViennaAuslandsProjektentwicklungundBeteiligungGmbH.

Sevensubsidiariesandoneassociatedcompanywerenotincludedintheconsolidatedinterimfinancialstatementsbecausetheyareimmaterialfortheprovisionofatrueandfairviewoftheasset,financialandearningspositionoftheGroup.

(6) Other information Therewerenomaterialchangesinliabilitiesorotherfinancialobligationssincethelastbalancesheetdate.

Thecircleofrelatedcompaniesandpersonshasremainedunchangedsincethepreparationofthe2009annualfinancialstatements.Nomaterialtransactionswereconductedwithrelatedcompaniesorpersonsduringthefirstninemonthsof2010orinthecomparableprioryearperiod.

Theseconsolidatedinterimfinancialstatementsandtheinterimgroupmanagementreportwereneitherauditednorreviewedbyacharteredaccountant.

(7) Events after the end of the interim reporting periodOthereventsaftertheendoftheinterimreportingperiodthatareofmaterialimportanceforrecognitionandmeasurementasof30September2010,suchasoutstandinglegalproceedingsorclaimsfordamagesaswellasotherobligationsandimpendinglosseswhichmustberecognisedordisclosedinaccordancewithIAS10,areincludedintheseinterimfinancialstatementsorarenotknown.



Selected Notes

23

Statement by the members of the Management Board in accordance with § 87 (1) of the Austrian Stock Exchange Act

Weconfirmtothebestofourknowledgethatthecondensedconsolidatedinterimfinancialstatementsprovideatrueandfairviewoftheassets,liabilities,financialpositionandprofitofthegroupasrequiredbytheapplicableaccountingstandardsandthatthegroupmanagementreportprovidesatrueandfairviewofimportanteventsthatoccurredduringthefirstninemonthsofthefinancialyearandtheirimpactonthecondensedconsolidatedinterimfinancialstatementsaswellastheprincipalrisksanduncertaintiesfortheremainingthreemonthsofthefinancialyearandthemajorrelatedpartytransactionsdisclosed.



Statement by the members of the Management Board

24

Key data on the Flughafen wien Group

Financial indicators(in € mill., excluding employees) change 1–9/2010 in % 1–9/2009Total revenue 397.8 +6.3 374.4

EBITDA 144.5 +9.0 132.6

EBIT 95.2 +15.0 82.8

EBITDA margin in %1) 36.3 n.a. 35.4

EBIT margin in %2) 23.9 n.a. 22.1

Net profit for the period after non-controlling interests 72.2 +18.8 60.8

Cash flow from operating activities 151.0 +39.6 108.2

Equity 825.8 +5.5 783.1

Investments3) 86.4 -23.0 112.2

Employees4) 4,152 -0.8 4,188

industry indicators change 1–9/2010 in % 1–9/2009MTOW in tonnes5) 5,947,507 +9.2 5,445,848

Passengers 14,870,628 +8.3 13,732,465

Thereof transfer passengers 4,555,962 +9.7 4,154,666

Flight movements 185,523 +0.9 183,783

Cargo (air cargo and trucking) in tonnes 217,259 +23.3 176,243

Seat occupancy in %6) 69.4 n.a. 68.8

Definitions: 1) EBITDA margin (earnings before interest, taxes, depreciation and amortisation) = EBIT + depreciation and amortisation / revenue 2) EBIT margin (earnings before interest and taxes) = EBIT / revenue 3) Intangible assets, property, plant and equipment and prepayments made 4) Weighted average number of employees for the period, including apprentices and employees on official non-paying leave (maternity, military, etc.) and excluding the Management Board and managing directors 5) MTOW: maximum take-off weight for aircraft 6) Seat occupancy: Number of passengers / available number of seats

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Investor RelationsMario SantiTelephone: +43/1/7007-22826e-mail: [email protected]

ImprintPublisher: Flughafen Wien AG, Communications · P.O. Box 1, A-1300 Wien-Flughafen, Telephone: +43/1/7007-23333, Telefax: +43/1/7007-23805

Investor Relations: Mario Santi, Telephone: +43/1/7007-22826, Telefax: +43/1/7007-23058, e-mail: [email protected]

http://www.viennaairport.com · Data Registry Nr.: 008613 · Corporate Register Nr.: FN 42984 m · Court of Registry: Provincial Court in Korneuburg · Printed by: AV + Astoria Druckzentrum

ticker SymbolsReuters VIEV.VI

Bloomberg FLUG AV

Datastream O:FLU

ISIN AT0000911805

ÖKB-WKN 091180

ÖTOB FLU

ADR VIAAY

information on the Flughafen wien ShareShare price on 31.12.2009 in € 34.80

Share price on 30.9.2010 in € 42.45

Market cap as of 30.9.2010 in € mill. 891.5

Index weighting (ATX) as of 30.9.2010 in % 1.3

Financial calendarTraffic results for 2010 20 January 2011

Annual results for 2010 24 March 2011

22nd annual general meeting 29 April 2011

First quarter results 2011 26 May 2011

Interim financial report 2011 25 August 2011

Third quarter results 2011 24 November 2011

Stock exchange ListingsVienna, Frankfurt (Xetra),

London (SEAQ International), New York (ADR)

www.viennaairport.com

3rd quarter 2010

3r d q u a r t e r 2 0 1 0

Documents

3 quarter 2010