Malta International Airport Plc

Earnings Release • Jan 11, 2024

COMPANY ANNOUNCEMENT

Malta International Airport plc (the "Company")

Traffic Results 2023 & Forecast 2024

Date of Announcement 11 January 2024 Reference 399/2024 In terms of Chapter 5 of the Capital Market Rules

QUOTE

Passenger volumes at Malta International Airport are forecast to reach a historic milestone in 2024, as the company expects to handle 8 million passengers by the end of the year. The announcement was made during Malta International Airport's yearly traffic press conference held earlier today, where CEO Alan Borg presented the company's results for 2023.

Full-year traffic increased by 6.7% over 2019, amounting to a record 7.8 million passengers for 2023. This represents a growth of almost 500,000 passenger movements, which is comparable to the throughput of an average winter month for the airport. In parallel, the airport also outperformed prepandemic levels in terms of seat load factor, as each month of the year registered varying degrees of growth over 2019, peaking in August at an all-time high of 91.4%.

During the press conference, Mr. Borg also offered an update on Malta International Airport's ongoing plans to further expand the airport's capacity. 2024 promises to be a pivotal year in terms of infrastructural developments as the company concludes the first phases of the westward expansion of the terminal and the construction of Apron X, while commencing works on the VIP Terminal and SkyParks Business Centre 2 developments.

The company has also set the following financial targets for 2024:

Total revenue is expected to reach €126 mln EBITDA is expected to reach €79 mln Net Profit is projected to be €42 mln Planned CAPEX is expected to be €45 mln

DECEMBER TRAFFIC SUMMARY

529,041 passengers travelled through Malta International Airport in December, translating into a double-digit growth of 10.8 per cent over 2019. This result is significant in light of the fact that passenger movements surpassed the 500,000 mark in December for the first time in the airport's history, as was the case in November, which month achieved this record figure for the first time in 2023. Furthermore, 78.3 per cent of the seats available on flights operated to and from Malta International Airport were occupied throughout December.

The top driver for traffic throughout the month was Italy, which held on to its top spot in the airport's market leader board with 116,863 passenger movements and a market share of just over 22%. Italy was closely followed by the United Kingdom, Poland, Germany and France.

UNQUOTE

Signed:

Louis de Gabriele Company Secretary

About Malta International Airport

Malta International Airport welcomed 5.8 million passengers in 2022, marking a recovery of 80 per cent of the record traffic it had handled in 2019.

The company's continued investment in the terminal building has brought about several improvements over the years, the most recent of which was the inauguration of a new Food Court, which has widened the food and beverage offering at the airport. In 2020, Malta International Airport inaugurated Park East, a multi-storey car park that has increased the number of parking spaces on the airport campus to 2,700. Additionally, 14,000m² of office and retail space are housed within SkyParks Business Centre, with the SkyParks 2 project that is in the offing set to bring about further expansion in this regard.

The airport team is guided by a vision of service excellence, which has led MLA to clinch the title 'Best Airport in Europe' in 2018, 2019, 2020 and 2021.

Malta International Airport has been working towards operating in a more sustainable manner for the past years, particularly toward s achieving net zero carbon emissions by 2050 through better energy management. In 2014, Malta International Airport established the Malta Airport Foundation, which invests in the Maltese Islands' cultural heritage and environment through several collaborations and initiatives.

Malta International Airport plc is a public company listed on the Malta Stock Exchange, with its shareholders being the Malta Mediterranean Link Consortium (40%), with Flughafen Wien AG owning a 96% share, the Government of Malta (20%), the general public (29.9%), and VIE Malta Limited (10.1%).