Copenhagen Airports A/S

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Copenhagen Airports A/S

• Q1-04

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Copenhagen Airport

• The Scandinavian hub
• Scandinavias largest airport
• 123 scheduled destinations
• 7 domestic
• 20 other Nordic
• 76 other European
• 20 intercontinental
• Famous for design, retail and
• economic performance

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Financial HighlightsQ1-04
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CashflowQ1-04

• DKK mio. Q1-04 Q1-03 2003
• Operations 204 210 1037
• Investments -62 -29 -202
• Finance -132 -218 -377
• Change in cash 10 -37 458

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Investments (DKK million)Q1 2004 DKK million
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Traffic development 1998 Q1 2004Q1-04 7.04
mio. passengers
Passengers (million)
18,1
18,3
18,1
17,7
16,4
17,1
4,0
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Traffic DevelopmentQ1-04 4 mio. passengers
(7.0) Transfer 40
2004
2003

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Top 10 DestinationsQ1-04
Passengers 2004 2003 Share Change Swe
den 468,408 431,209 11.6
8.6 Norway 454,129 437,124 11.2
3.9 Great Britain 401,617 358,358
9.9 12.1 Germany 368,313 346,545
9.1 6.3 Denmark 336,795 330,915
8.3 1.8 Spain 248,095 223,287
6.1 11.1 France 185,355 173,920
4.6 6.6 Finland 153,190 140,759
3.8 8.8 United States 141,673
141,843 3.5 -0. Netherland 129,664
125,063 3.2 3.7 Others 1,151,878 1,066,0
01 28.5 8.1 Total 4,039,117 3,775,035 1
00.0 7.0
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Top 10 AirlinesDeparting Passengers Q1-04
Q1-04 Share Change Scandinavian
Airlines 1,136,257 55.8 3.5 Cimber Air
68,156 3.3 10.8 Maersk Air
66,854 3.3 -21.1 Sterling European
66,087 3.2 28.5 Easyjet 50,112
2.5 86.7 British Airways 43,904
2.2 -8.4 My Travel Airways 42,597
2.1 33.3 KLM Royal Dutch Airlines
35,843 1.8 6.5 Skyways Ab 34,132
1.7 -9.2 Icelandair 30,775 1.5
-3.9 Others 460,843 22.6 18.6
Total 2,035,560 100.0 7.5
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Low Cost Carriers Q1-04 9.0
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Revenue BreakdownQ1-04
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Operating Costs BreakdownQ1-04
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Platform for international expansion

• Transfer of know-how
• Focus on investments in existing airport
  infrastructure
• Secure a balanced risk/return profile
• Secure direct influence on future operations by
• acquiring equity stakes
• controlling influence on business strategy
  and commercial issues
• direct influence at Board level

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NIAL, ASUR, HMAC
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Profit from interests in associated undertakings
after taxQ1 2004
16
Traffic Q1-04 NIALTotal no. of Passengers 0.8
mio. (39)
Excluding transit/transfer passengers
17
Traffic Q1-04 ASURTotal no. of Passengers
3.6 mio. (8.6)
Cancun
ASUR
Q1
Q2
Q1
Q2
Excluding transit/transfer passengers
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Traffic Q1-04 MeilanTotal no. of Passengers
2.1 mio. (16.7)
Q1
Q2
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www.cph.dk