Aeroporto Guglielmo Marconi di Bologna S p A : Consolidated H1 2020 Results

H1 2020 RESULTS

BOLOGNA, SEPTEMBER 7TH 2020

GROUP HIGHLIGHTS

TRAFFIC TREND IN EUROPE AND IN ITALY IN H1 2020

Source: ACI Europe. The sample considered represents 84% of European traffic as a whole.

The number of confirmed cases of people infected with COVID-19 relates to data reported by John Hopkins University.

Despite a slightly positive trend in the first 2 months of the year (January +2.2% and February +0.9%), European traffic dropped by 21% during the first quarter of 2020.

The restrictive measures imposed by governments on circulation, on economic and social activities, as well as the almost total elimination of flights operated by the airlines, have brought European traffic almost to zero in the period between the end of March and the beginning of June. Only during the last month of the semester a partial but gradual elimination of the above mentioned measures has allowed a slow and progressive recovery of traffic.

According to ACI Europe, the development of the Covid-19 pandemic resulted in a loss of 223 million passengers in European continent in June alone (-93% vs 2019).

During the second half of June, when the possibility of crossing borders was restored, the traffic in Italy slowly started to recover. Nonetheless, around 70% of the traffic recorded during the first half of 2019 was lost, i.e. over 62.5 million passengers.

The figure is almost in line with the other southern European states (Spain and France), while it is better than the countries of Northern Europe (Germany, UK, Benelux and Scandinavian states) where the reduction in traffic is greater than 75-80%.

TRAFFIC TREND OF MAIN ITALIAN AIRPORTS IN H1 2020

Top 10 Italian Airports per number of passengers in H1 2020

7.000.000

6.000.000

5.000.000

4.000.000

3.000.000

2.000.000

1.000.000

0

Rome FCO

-64% -65% -66% -67% -68% -69% -70% -71% -72% -73% -74% -75%

Milan MXPBergamoBolognaCataniaNaplesVeniceMilan LINRome CIAPalermo

Domestic PaxInternational PaxVar 2020-2019

In H1 2020 Italian traffic decreased by more than two thirds (-69.9%) compared to the same period of 2019, reporting a loss of more than 62 million passengers, entirely attributable to the period between March and June.

Passengers of the top 10 airports made up almost 80% of total H1 2020 traffic, also as a consequence of the closure of many airports during the peak of the health emergency.

Bologna was the fourth Italian airport in terms of traffic during the period, accounting for about 5.3% of total passengers, after Rome FCO (23.2% of total passengers), Milan MXP (15.1%) and Bergamo (7.8%).

Source: Assaeroporti.