Incentivos para la actuación de la SBS

The stable growth of private consumption led to pleasing growth in passenger demand in 2015. With over 61.0 million passengers, this was the highest number of passengers recorded in the history of the airport. The number for the previous year was exceeded by around 1.5 million passengers (+2.5 %), despite the fact that this year was characterized by a large number of cancellations due to strikes. With- out strike and weather-related cancellations, the growth would have been 3.8 %.

With a growth rate of 2.5 %, intercontinental traffic found a way back to its previous growth momentum. The main driver was Asian traffic; all high volume markets in the Far East clearly increased, in some cases by double-digits. In the Middle East, growth was quantitatively led by the Emirates and its hub airports. However, African traffic saw an increasing reduction. After the attacks in this region, traffic with Tunisia initially fell and demand for Egyptian destinations also subsequently reduced.

European traffic (excluding Germany) achieved growth of 2.3 % in the reporting period. Domestic traffic saw the most dynamic growth at 3.0 %. Thus, German domestic traffic profited from base effects from the previous year.

Cargo volume declined by 2.6 % in 2015 to a total of around 2.1 million metric tons. The development was characterized by the weakness in world trade and economic problems in certain emerging and industrial countries. In particular, China’s imports and exports via air freight were in stronger negative territory over the course of the year. As a result of the cancellations due to strikes and the ongoing trend of using larger aircraft, aircraft movements stagnated during 2015. Movements in Frankfurt decreased by 0.2 % compared with the pre- vious year with approximately 468 thousand take-offs and landings. In contrast, the maximum take-off weights increased and achieved a new record value of some 29.5 million metric tons (+2.0 %).

percentage change compared to 2014

Passengers Cargo

2015 passenger and cargo development at Frankfurt Airport 1.3

– 0.9 1.24.6 – 6.42.5 7.5 0.6 – 3.35.4 – 2.62.8 – 2.26.6 – 4.63.2 – 1.2– 4.8 – 1.94.3 – 11.3– 3.9 – 1.02.1

0

January February March April May June July August September October November December

Development outside the Frankfurt site

Ljubljana Airport, the capital airport of Slovenia, recorded a 10.0 % increase in passenger numbers, some 1.4 million in the 2015 fiscal year. While more passengers traveled on flights to and from Belgrade and Zurich Airports, there was a drop in passenger numbers on connections to and from Moscow.

The passenger numbers at Lima Airport developed over the past fiscal year just as strongly as in previous years. With around 17.1 million passengers, an increase of 9.2 % was achieved, which was also a new record. Domestic traffic grew by 11.8 %. This was more than interna- tional traffic, which increased by 6.2 %. Cargo throughput was around 301 thousand metric tons. This figure was slightly below the previous year’s level (– 0.6 %).

The Bulgarian airports in Varna and Burgas carried approximately 3.8 million passengers in fiscal year 2015, a decrease of 4.1 %. While the number of passengers at the Burgas site decreased, mainly due to fewer travelers from Russia and Germany, by 6.7 % to approximately 2.4 million, passenger numbers in Varna stagnated at just under 1.4 million (+0.8 %).

Around 27.5 million passengers were recorded traveling through Antalya Airport in the 2015 fiscal year, signaling a decrease of 1.6 %. While the number of passengers traveling within Turkey increased once again significantly by 14.2 % to over 6.3 million, the number of

international passengers fell by 5.5 % to some 21.2 million. The drop in the number of international passengers was, in particular, due to fewer travelers coming from Russia.

With around 13.5 million passengers, St. Petersburg Airport showed, in the reporting year, a decline of 5.4 % compared with the previous year. While international traffic significantly decreased by 21.8 %, domestic traffic rose by 10.4 %.

Approximately 5.5 million passengers meant that there was an increase of 3.0 % at Hanover Airport in the 2015 fiscal year. Tourist air traffic in particular has developed positively.

There was a sustained dynamic development at Xi’an Airport. The passenger numbers there in 2015 grew by 13.0 % to nearly 33.0 million passengers. High-volume domestic air traffic increased by 12.5 % to approximately 31.3 million passengers. International traffic grew by 23.9 % to almost 1.7 million passengers.

Delhi Airport, in which Fraport AG holds a 10 % share, was used by approximately 46.0 million travelers in the reporting period, compared to last year this represented a significant growth of 15.7 %. Indian do- mestic traffic continued to show strong growth at 21.6 %. International passenger numbers increased by 3.9 %. Freight volume again showed a sharp rise (+11.8 %).

Airport 1) _{Fraport share in % Passengers} 2) _{Cargo (air freight and air mail in m. t.) Movements}

2015 Change in % 2015 Change in % 2015 Change in % Frankfurt 100 61,032,022 2.5 2,076,734 – 2.6 468,153 – 0.2 Ljubljana 100 1,438,304 10.0 10,140 3.1 32,893 4.7 Lima 70.01 17,112,536 9.2 300,686 – 0.6 166,388 7.3 Burgas 60.00 2,360,320 – 6.7 13,272 >100 18,271 – 4.3 Varna 60.00 1,398,694 0.8 116 57.2 11,959 – 0.9

Antalya 51.00/50.00 3) _{27,522,514 – 1.6 n.a. n.a. 171,285 – 2.8}

St. Petersburg 35.50 13,499,755 – 5.4 n.a. n.a. 138,327 – 6.2

Hanover 30.00 5,452,669 3.0 17,492 15.2 75,695 – 0.4

Xi’an 24.50 32,970,150 13.0 211,591 13.8 266,807 9.2

Delhi 10.00 45,981,773 15.7 773,896 11.8 347,434 7.3

1) _{Fraport also holds 100 % of the shares of the operating company at the new airport in Dakar, which is currently in the construction phase.} 2) _{Commercial traffic only, in + out + transit.}

3) _{Share of voting rights: 51 %, dividend share: 50 %.}

Traffic development at the Group sites

Comparison with the forecasted development

Compared with the forecast for the 2015 fiscal year (see the 2014 Group management report, “Business Outlook” chapter starting on page 91), with respect to business development over the past fiscal year the following deviations arose:

The weakness in global trade and economic problems in various emerg- ing and developed countries meant that cargo throughput in Frankfurt was below the forecast (forecast: market growth rate of up to 3 %). As the 2014 management report had already foreseen as possible, the Varna and Burgas airport holdings, as well as those in Antalya and St. Petersburg, did show stagnation or a decline in passenger numbers, owing to the ongoing difficult economic and political situation in Russia. The airport holdings in Lima, Xi’an and Ljubljana, in contrast, performed clearly positive and grew higher than expected at growth rates of around 10 % or more.

Other forecasts for business development were accurate.