"Perspectives 2011" - Sustainability and Annual Report (pdf)

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$Luftfracht (pdf) - Flughafen MÃ¼nchen$

Introduction Company profile and strategyService portfolio Communication and social responsibilityOnce built, the satellite will help to uphold and safeguardMunich Airport’s acknowledged high qualitystandards as a transfer hub, even with the anticipatedfuture growth in traffic, and further strengthenMunich’s role as a premium international gateway.The airport is also currently erecting a new 16,000-square-meter cargo handling facility, which is due toopen in the summer of 2012.Planned construction and infrastructureprojectsThe grant of zoning approval for a third runway atMunich Airport means that Flughafen MünchenGmbH is now committed to providing €100 million infunding for local infrastructure projects in surroundingcommunities. Payouts are, however, contingentupon runway construction actually going ahead.Ten million euros from the fund were already allocatedto two infrastructure projects in Erding andFreising in 2008.Enhanced, more efficient land-side transport connectionsare of major importance to Flughafen MünchenGmbH’s ability to sustain its future growth.Quality road and rail network access is both a crucialfactor to Munich Airport’s future as an internationaltransport hub and a considerable benefit to the air -port’s home region.Flughafen München GmbH is therefore pushing hardfor improvements to landside access, particularlyby rail, not least because moving traffic off the roadnetwork and onto rail services helps to avoid harmfulemissions.An expert review conducted in November 2009 onbehalf of the Bavarian Ministry for Economic Affairs,Infrastructure, Transport and Technology into how toimprove Munich Airport’s rail access marked a majoradvance in connection with expansion plans for therail infrastructure in and around Munich.A large proportion of our passenger base alreadytravels to Munich Airport on public transport: In 2011,45 percent of passengers used local rapid transitrail and bus services. However, significantly morepassengers and airport workers would switch totraveling by rail if a through connection serving thearea to the east of Munich Airport were available andif the airport were integrated into the mainline railnetwork.Access from northeast and southeast Bavaria couldbe improved by completing the Neufahrn branch line,the Erding circular rail link and the Walpertskirchenbranch line. We expect work on the Neufahrn branchline to begin in 2013 and to finish in 2016.In the short term, the introduction of a much fasterservice between the airport and Munich’s CentralStation has the highest priority. In the longer term,the airport additionally needs to link up to the mainlineroute from Munich to Mühldorf, Freilassing andSalzburg; this will also connect the airport to the EUTrans-European Networks’ west-to-east rail arteryrunning from Paris, through Munich and Vienna, toBratislava.Munich Airport’s goal of connecting aviation withhigh-speed transport on the ground is not just ofmajor importance at the regional level, it is alsoconsistent and compatible with wider national andEuropean transport policy objectives.126
Workforce and work environmentEnvironmental and climate protectionFinancial reviewSustainable developmentP Supervisory board’s reportq Consolidated management reportp Consolidated financial statementsp Independent auditor’s reportNotable events after the end offiscal 2011Flughafen München GmbH has agreed to furnishMAC Grundstücksgesellschaft mbH & Co. KG with a€66.500 million loan to help it secure financing. MACGrundstücksgesellschaft mbH & Co. KG was assuredthis loan in a letter dated March 5, 2012.OutlookThere will be numerous strategic growth and developmentopportunities for Munich Airport in the foreseeableterm.Growth projectionsLeading research organizations predict that Germany’seconomy will grow during 2012, but at a rateof less than 1.0 percent. Moderate growth, of lessthan 2.0 percent, is anticipated for 2013. In light ofimproving economic data, sentiment within the aviationindustry is positive on the near-term future.It remains to be seen how the European economyand the aviation industry fare, going forward. Keyissues in this context are whether the sovereigndebt crisis will spread to the real economy, andwhether solutions can be reached in the currentdisagreement over the European Union’s emissionscap-and-trade scheme.We are confident that in 2012 we will be able to sus -tain the kind of rapid growth that we have accomplishedin prior years. Based on the estimates in ourcurrent business plan, we expect passenger num -bers to reach 39.5 million and our consolidated netincome to be roughly the same as in 2011.Looking ahead to the intermediate term, we expectour consolidated total income in 2013 to be at roughlythe same level as in 2011, and we anticipate plentyof opportunities for Munich Airport’s strategic growthand development emerging in the foreseeable future.Air transport demand at Munich Airport remains onthe rise in 2012. In the early part of the year, pas -senger traffic, for example, was up between 3.0 and4.0 percent on prior-year figures. However, given ourcurrent runway system’s capacity issues, we do notexpect to see a significant increase in aircraft move -ments, because we have no more free slots at indemandtimes of the day when traffic is at its heaviest.The International Air Transport Association (IATA)expects passenger numbers to increase 4.0 percentover the year (2011: 6.1 percent) but cargo traffic toremain flat. The German Airports Association (ADV)predicts growth will run to around 2.6 percent nationwidein 2012. The ADV forecast is lower than in prioryears to reflect the impact of the plane ticket tax andthe increasingly difficult economic circumstances.127
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PublisherFlughafen München GmbHP.O
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