The financial and business performance of Athens International Airport for the year 2023 was presented by the company's Management

The financial and business performance of Athens International Airport (AIA) for the year 2023 was presented in detail by the company's Management, noting that last year was a milestone for AIA, as it recorded a historic record in passenger traffic combined with a strong recovery in all economic indicators. At the same time, it was the first announcement of financial results after the Company's successful listing on the Athens Stock Exchange about a month ago.

In more detail:

Regarding passenger traffic and aviation activities, the AIA Management pointed out that:

In 2023, Athens International Airport traffic reached 28.17 million passengers, setting a new historical record, exceeding 2019 levels by 10.2% and 2022 levels by 24%, while the recovery levels of European airports compared to 2019 are still lagging behind by 5 percentage points on average.

85% of passengers during 2023 traveled for leisure purposes and 15% for business purposes. Leisure travel proved to be the most resilient segment of traffic compared to business travel after the pandemic.

• Accordingly, 69% of passenger traffic at Athens International Airport in 2023 was from/to international destinations and 31% was domestic.
• Athens International Airport served approximately 38% of Greece's total passenger traffic in 2023.
• In 2023, Athens Airport was connected by direct scheduled routes to 156 city-destinations (in 57 countries) served by 66 airlines, while 18 new routes were added.
• Aircraft movements amounted to 241,605, 13.2% above 2022 levels and 7.1% above 2019 levels.
• Passenger traffic allowed AIA to achieve strong growth rates, mainly in the European and US markets, performance for which AIA was recognized at the "ROUTES EUROPE 2023" awards as the leading airport in Europe in the category of airports with annual traffic of over 20 million passengers.

Regarding non-aviation activities:

• As of December 31, 2023, the airport had a total of 155 stores, covering over 13,500 sq m. within the two terminals.
• As a result of the increase in passenger traffic and the upgrade of the commercial offer of the air terminals through the successful "Best of Greece" strategy, which introduced Greek concepts/brands with a significant presence in Greece, as well as the positive trend of revenues in parking services and real estate development, non-aviation revenues in 2023 amounted to 134.8 million euros, recording an increase of 23.2% compared to 2022.

Referring to the financial performance of 2023, AIA executives emphasized that:

• Total revenues increased by 126.8 million euros or 26.6% to 603.7 million euros. euros in 2023, with the revenue streams of Aviation and Non-Aviation Activities showing a significant improvement, mainly due to the increase in passenger traffic by 24% compared to 2022, as well as the dynamic growth of revenue from commercial activities.
• Revenue from Aviation Activities amounted to 448.9 million euros, recording an increase of 22.2% compared to the previous year and with revenue per passenger of 15.9 euros, while airline fare prices remained stable in 2023.
• Revenue and other income from Non-Aviation Activities amounted to 134.8 million euros, recording an increase of 23.2% compared to 2022 while revenue per passenger of 4.8 euros, was increased by 17.1% compared to 2019, a percentage significantly higher than the corresponding increase in passenger traffic.
• Pre-tax profits in 2023 amounted to 288.8 million euros compared to 213.2 million euros in 2022.
• Profits after Taxes in 2023 were 231.5 million euros, higher by 63.5 million euros compared to the previous year.
• The Board of Directors of the Company intends to propose to the next General Meeting of Shareholders, the distribution of the remaining gross dividend of 0.33 euros per share for the fiscal year 2023.

Presenting AIA's growth prospects, the company's management noted:

• High levels of passenger traffic were recorded during the first 2 months of 2024 compared to the corresponding period in 2023.
• AIA's main priority is the implementation of the 33MAP Spatial Plan (33 million passengers per year), aiming to increase the capacity of its facilities. Until the implementation of 33MAP, operational measures and capacity maximization projects will be implemented.
• Preparations for the financing of the 33MAP project and other medium-term capital expenditures for maintenance and capacity optimization are underway.
• In the context of maximizing commercial development, the possibility of introducing new concepts in commercial concessions and in the field of real estate development is being explored.
• Strengtheningization of human resources and other operational resources to serve high levels of traffic, to ensure the quality of the services provided.
• Maintaining high efficiency and healthy profit margins (adjusted EBITDA >60%).
• Commencement of construction of a 35.5MW Photovoltaic Park, which will include an 82MWh energy storage system, to achieve the goal of zero carbon footprint (Net Zero) for Direct (Scope 1) and Indirect (Scope 2) Gas Emissions 2 by 2025 (“Route 2025” Roadmap).