Capitals Find out, which pages of the integrated report concern the capitals.

Business model

Different products and services are generated (output) in the four business units. The value creation process is based on six forms of capital (input), which the airport uses to generate new values. This is the basis for the next fiscal year (outcome).

Forms of capital

Select a type of capital to discover our 2019 value creation.

Input

Click here to switch between the individual subject areas of the capital types.
    • Cash and cash equivalents

      €221.8 million (of which €12.3 million was freely available funds and €209.5 million was short-term deposits with banks)

      221.8 Cash and cash equivalents in million euros
    • Loan portfolio

      €1,911.6 million

      1,911.6 Loan portfolio in million euros
    • Equity

      €2,225.0 million

      2,225.0 Equity in million euros
    • Buildings/spaces

      terminals, commercial areas, office/technical building, parking structures, MAC, AirSites, hotels, two runways

    • Transport links

      autobahn access, two suburban train lines, regional and long-distance bus links (via «Neufahrner Kurve»)

    • Qualification

      in-house professional development center «Airport Academy»

    • Off-campus

      international management, consultancy and training services

    • Quality/innovation

      InnovationPilot, passenger feedback

    • Employees

      10,109 employees in the Group (including apprentices)

      10,109 Employees in the Group
    • Employer

      Personnel expenses of €537.2 million in the Group

      537.2 Personnel expenses in million euros
    • Training/HR development

      19 apprenticeships and dual study courses, €3.2 million of an external FMG further training budget

      3.2 Training budget in million euros
    • Stakeholder

      transparent dialog through a wide range of channels, at European, national, and regional level as well as in Munich, membership in associations

    • Value added

      positive effects for the region

    • Community engagement

      support for more than 750 projects in the region

      750 Projects in the region supported
    • Climate protection

      carbon-neutral airport by 2030

      2030 Goal carbon-neutrality
    • Resources

      waste management concept, de-icer treatment

    • Noise protection

      strict night-flight curfew, aircraft noise monitoring at 16 fixed stations, additional voluntary mobile measurements

    • Finances

      Solid funding forms the basis for Munich Airport’s long-term earnings power, profitability, and financial stability.

    • Infrastructure

      The wide range of services offered by Munich Airport is reliant on building and transport infrastructure that works and that taps into and makes the most of existing space.

    • Expertise

      Munich Airport has acquired great deal of expertise – from technical, process-based, and organizational knowledge called upon in consultancy projects worldwide; through to copyrights for airport software.

    • Employees

      Employees are critical for the success of a company. Consequently, the airport is particularly diligent about meeting its obligations as an employer.

    • Environment

      As the operator of a major piece of infrastructure, Munich Airport is aware of its responsibility to the environment. The aim is to keep its impact on nature and the environment to a minimum.

    • Society

      Good cooperation with the region is essential if Munich Airport is to succeed, with open and honest dialog with the surrounding communities playing a key role.

Outcome

    • Cash and cash equivalents

      Cash and cash equivalents decreased to a total of €208.3 million

      208.3 Cash and cash equivalents in million euros
    • Loan portfolio

      Loan portfolio reduced to €1,903.2 million

      1,903.2 Loan portfolio in million euros
    • Equity

      Equity increased by €153.1 million to €2,378.1 million

      2,378.1 Equity in million euros
    • Buildings/spaces

      start of construction of the LabCampus innovation center

    • Transport links

      construction works on the railway tunnel for the Erding ring closure, new campus shuttle service for employees

    • Training

      38,000 training days in the TÜV-certified (German Technical Inspection Authority) Airport Academy

      38,000 Training days Airport Academy
    • Off-campus

      22 active international projects 2019

      22 international projects
    • Quality/innovation

      511 submitted ideas, new digital offers for passengers

    • Employees

      low turnover rate of 3.9 percent in FMG

      3.9% Turnover rate
    • Employer

      social services, support for women in management positions

    • Apprenticeship/HR development

      in total 303 apprentices in the Group, 116 new apprentices in 2019, around 20 further training hours per employee

      303 Apprentices in the Group
    • Climate protection

      46% reduction in CO2 emissions per passenger since 2005

      −46% CO2 emissions per passenger
    • Resources

      1,343 tonne drop in waste generation, around 56% recycling rate for de-icer

      56% recycling rate for de-icer
    • Noise protection

      71% of the permitted noise level at night is used

    • Stakeholders

      272,000 fans and subscribers on social media

    • Value creation

      large income tax, local trade tax, and social insurance payments; in 2019, Group procurement stood at around €753 million

      753 Procurement in million euros
    • Community engagement

      increased acceptance in the region

Our business units

Select a business unit for more information.

  • Aviation

    is our traditional core business and covers all services related to the correct handling of air travel at Munich Airport.

    read more

    Output

    • Take-off and landing runway system
    • Looking after airline customers
    • Flight scheduling
  • Commercial Activities

    markets the commercial space in the terminals and in the München Airport Center. The Group subsidiaries Allresto and eurotrade provide the products and culinary offerings as lessees and franchisees.

    read more

    Output

    • Shops
    • Parking
    • Catering
    • Advertising and events
  • Real Estate

    develops, runs, and markets all real estate on the airport campus, the terminals, public transport facilities, surrounding real estate, and ecological compensation areas.

    read more

    Output

    • Real estate development
    • Real estate marketing
    • Civil engineering and infrastructure
    • Landscape design
  • Participations, Services & External Business

    deals with landside and airside services related to aircraft, passenger, and freight handling, looks after checks and security services, and provides consultancy and other services.

    read more

    Output

    • Ground handling
    • Aircraft, passenger, and freight handling
    • International consultancy

Impact of our activities

Landside access and traffic development

CA

Impact on form of capital (CA)

Blue euro sign

– The overall investment by FMG in the construction of the railway tunnel on the airport campus is expected to be around €115 million

+ Increase in non-aviation proceeds

+ Increase in aviation proceeds

Purple airport tower

+ Improved performance of the infrastructure

+ Improved (rail) connection to the airport

+ Increased marketing potential of real estate

Light green bulb

+ Improved expertise in infrastructure expansion

+ Faster realization of infrastructure projects

Employees facts and figures

+ Better connection to where employees live in eastern Bavaria

+ Greater employer attractiveness through improved accessibility

Dark grey tree

– Impact on the environment due to construction

+ Creation of approximately 450 hectares of compensation areas for nature conservation

+ Burden on the environment is relieved by optimizing the flow of traffic and shifting traffic to public transport

2 light grey speaking bubbles

+ Improved connection between the airport’s hinterland and the entire southern Bavarian region and the rail network

+ Burden on road transport is relieved

T1 extension and «T-Stiel» building for the T2 satellite building

CA

Impact on form of capital (CA)

Blue euro sign

+ Creation of sufficiently sized areas for high-quality 5-star handling of predicted passenger numbers

– The expansion of Terminal 1 at a cost of around €455 million is the largest future investment at present

Purple airport tower

+ Capacity expansion

+ Increased value of the airport

+ Improvement in quality (of amenities) for passengers and upgrade for airlines based in T1 by updating the infrastructure

+ Increased efficiency of processes

+ Strengthening of the development prospects of the airport

Light green bulb

+ Improved expertise in infrastructure expansion

+ «T-Stiel» as a continuation of the successful joint venture with Deutsche Lufthansa AG

Employees facts and figures

+ Creation of new jobs, for example, through the establishment of further businesses and catering outlets

+ Opening of a canteen for employees working in the area of Terminal 1

Dark grey tree

+ Consideration of the latest official requirements (Energy Saving Ordinance, Ecodesign Directive)

+ Construction of the «T-Stiel» extension in line with FMG’s climate objectives

+ Reduction in emissions due to the aircraft stands being close to the building

2 light grey speaking bubbles

+ Meeting the demand for improved quality in the travel experience

+ Increased appeal, new services

Digital transformation

CA

Impact on form of capital (CA)

Blue euro sign

+ New business models and potential sources of revenue

+ Reduction in operating costs and bottleneck costs

– Costs of development and implementation plus running costs

Purple airport tower

+ Added value thanks to connectivity and digitalization

+ Construction of the LabCampus as a smart city

Light green bulb

+ Development and expansion of digital expertise

+ Increased level of automation

+ More effective IT support for business processes

Employees facts and figures

+ Increased employer attractiveness

+ Better staff effectiveness and addressing the demographic challenge

+ The «Digital Day» event series raises awareness among staff concerning the digital transformation

+ Streamlined workflows and processes

Dark grey tree

+ Streamlined workflows and processes

+ CO2 reductions thanks to smart technologies

2 light grey speaking bubbles

+ Cutting-edge experience for customers and visitors

+ Higher standard of travel and time at the airport

International business

CA

Impact on form of capital (CA)

Blue euro sign

+ Increased revenue and proceeds

+ Diversification of revenue

+ Good forecasting for long-term projects

Purple airport tower

+ Protecting against local site development risks

Light green bulb

+ Level of knowledge increases with every project

+ Knowledge is fed back into the Group

+ Expansion of the consultancy portfolio (establishment of three companies in the USA at the start of 2019 to further expand international business activity)

+ Stronger brand value for «M»

Employees facts and figures

+ Diverse working environment

+ International environment

+ Interesting opportunities for career development, especially in the USA

+ Project work

Dark grey tree

+ Introduction of higher environmental standards, for example in developing and emerging markets

2 light grey speaking bubbles

+ Customers benefit from our expertise

+ Chance to benefit from growth opportunities in the worldwide aviation industry

+ Contribution to improving global aviation standards through networking

Sustainable supplier management

CA

Impact on form of capital (CA)

Blue euro sign

+ Steering expenditure toward promoting sustainable business

Purple airport tower

+ Development of appropriate logistics space and processes

Light green bulb

+ Growth in expertise in the purchasing department

Employees facts and figures

+ Contribution to promoting fair working conditions and occupational health and safety in the company within the supply chain

Dark grey tree

+ Increased regional purchasing and sustainable purchasing criteria

+ Shorter transportation distances, reduction in CO2 emissions through high proportion of business partners from the region

2 light grey speaking bubbles

+ Contribution to the development of fair business practice

Climate protection strategy

CA

Impact on form of capital (CA)

Blue euro sign

+ Savings due to the early implementation of measures to increase efficiency

– Expenses (that cannot be directly refinanced)

– Investment of a total of €150 million by 2030

Purple airport tower

+ Expansion of the electric vehicle fleet (2019: 30 new vehicles)

+ LED retrofitting continues to advance (world’s largest LED high-mast system on the apron: 185,000 LEDs in around 1,900 luminaires; data as of: December 2019)

Light green bulb

+ Pioneering role (FMG is one of the first signatories to the Net Zero Carbon Initiative)

+ Expansion of the pool of knowledge through the development of suitable measures

+ Impetus for new ideas

Employees facts and figures

+ Increased employer attractiveness

Dark grey tree

+ Reduction in CO2 emissions (reduction from approx. 162,000 tonnes in 2005 to just under 148,000 tonnes in 2019)

+ Reduction in emissions produced by the external procurement of power and district heat, for example due to new, even more efficient engines for cogeneration of heat and power (Munich Airport Group: virtually halved since 2005)

+ Increased environmental awareness among customers and other companies thanks to the airport’s pioneering role

2 light grey speaking bubbles

+ Better acceptance

+ Positive effect on image as a «corporate citizen» thanks to regional measures

+ Long-term commitment

+ Attainment of goals set out in policies

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