Investor Relations Strategy
The goal of Fraport AG's IR work is to communicate the Fraport equity story in a well balanced manner to all players in the investment market, independently of their size, investment approach and geographical location.
In 2015, Fraport’s IR activities again focused on proactive communication with investors and analysts. In around 200 one-on-ones, the strategy and the current and expected business development of the Fraport Group were explained to interested parties. The central topics for discussion in 2015 remained the current and expected traffic developments at the company’s sites, planning for the construction of Terminal 3, as well as the development of the free cash flow and dividends. Other issues related to the cost situation in particular in the Aviation and Ground Handling segments, the development of airport charges in Frankfurt, the strategy of Deutsche Lufthansa in its role as the main customer at the Frankfurt site as well as portfolio development, and strategy in the External Activities & Services segment.
For communicating the Fraport equity story, we stress four main aspects:
Our IR communications are designed to make investors, analysts and other interested parties more confident that the forecasts and goals for the future development of the Fraport Group, along with its various segments and shareholdings, will materialize. This is motivated by our conviction that our company's share price will reflect all of the market's expectations. The task of IR is therefore also to make sure that the expectations of the investment market harmonize with the future situation and development of Fraport.
"Our goal is to achieve at least as much as we have promised."
All players in the capital market can obtain information at any time about the current situation of the Fraport Group. In response to the great size and complexity of the investment market, we design our communications to be consistent and easy to understand. In addition to a continuously updated, clearly organized investor relations website (at www.meet-ir.com), we issue all relevant financial and traffic figures at 7 a.m. on the day of publication. Most additional explanations given by our Executive Board, as well as its discussions with analysts in teleconferences and conferences with analysts and investors can be followed live on the Internet. Presentations held at conferences and road shows are also promptly posted on our website for downloading.
"We enable everyone to receive all of our communications in full, either live or with only a minimal delay."
This is a prime requirement for communication with the investment market. Presentations and the website merely constitute the platform. At least one member of the IR team is always available for interested parties to contact during stock market trading hours. We generally reply to inquiries within 48 hours. All inquiries about on-site meetings ― which can also involve Fraport executives ― are processed speedily with the goal of satisfying the wishes expressed. Since 2009 it has also been possible for all active sell-side analysts to meet personally once a year with our CFO, Dr. Matthias Zieschang.
"Our Investor Relations department was created for active financial communication."
We are committed to consistently and understandably presenting the Fraport Group along with its segments and shareholdings. For this purpose, Fraport's Executive Board and the Investor Relations department strive as far as possible to avoid organizational changes that would result in greater complexity, for instance new accounting rules. As an additional instrument for continuous communication, in 2008 the Investor Relations department of Fraport published a Visual Fact Book for the first time. It contains slides that present the Group and its segments and shareholdings, but also covers the competitive situation, the market and airlines. It is expressly designed and compiled to meet the interests of the investment market. The Visual Fact Book appears each year to coincide with the publication of the annual report.
"Regular reports and publications are an essential prerequisite for recognizing the value of our company."