Aéroport de Paris - 2018 Registration document

REVIEW OF THE FINANCIAL POSITION AND INCOME 09 KEY FIGURES

9.1

KEY FIGURES

2018 1 4,478

2017 1 3,617 1,567 43.3% 1,030 28.5% 1,052

2018/2017 1

(in millions of euros)

Revenue EBITDA

+€861m +€393m

1,961

EBITDA / Revenue

43.8%

+1.0%

Operating income from ordinary activities (including operating activities of associates)

1,237

+€207m

Operating income from ordinary activities / Revenue

27.6% 1,235 (206)

-3.0%

Operating income (including operating activities of associates)

+€183m -€27m +€39M

Financial income

(179)

NET INCOME ATTRIBUTABLE TO THE GROUP

610

571

1 2018’s data take into account the full consolidation of TAV Airports’ results, since the 2nd half of 2017, and the full consolidation of AIG’s results since April 2018.

The effect of the application of the norm IFRS 9 as of 1 January 2018, relative to financial instruments, is of +€13 million on the financial result as of 31 December 2018. The effect of the application of the norm IFRS 15 at the 1 st January 2018, relating to revenue recognition principles, has no significant impact on the income statement (impact below €1 million in 2018).

9.2

ANALYSIS OF 2018 RESULTS

Analysis of Groupe ADP 2018 income statement Revenue

2018

2017 3,617 1,813

2018/2017

(in millions of euros)

REVENUE

4,478 1,890 1,000

+€861M

Aviation

+4.3% +4.9% +6.0%

Retail and services

953 250 682

Real estate

265 1,412 1,166

International and airport developments

+€730m +€550m +€175m

of which TAV Airports 1

616

of which AIG 1 Other activities

175 155

-

217

-28.3% -18.0%

Inter-sector eliminations

(245)

(298)

1 2018’s data take into account the full consolidation of TAV Airports’ results, since the 2nd half of 2017, and the full consolidation of AIG’s results since April 2018.

Over 2018, Groupe ADP consolidated revenue , stood at €4,478 million, up by €861 million, mainly thanks to: ◆ the full consolidation of TAV Airports since the 2 nd half of 2017, which contributed to revenue up to €1,166 million, and the full consolidation of AIG since April 2018, which contributed to revenue up to €175 million. Excluding the full consolidation of both entities, Groupe ADP revenue grew by 4.6%, to €3,137 million; ◆ the growth in airport fees in Paris Aéroport (+5.6%, at €1,115 million), driven by passenger traffic dynamics (+3.8%) combined with the increase in tariffs since 1 April 2018 (+2.125%) despite the first semester strikes;

◆ the increase of retail and services segment by 4.9%, to €1000 million, driven by the performance of retail activities (+6.8%, to €490 million); ◆ the growth in real estate segment’s revenue (+6.0%), to €265 million mainly thanks to the positive effect of the full acquisition of the “Dôme” building, in Paris-Charles de Gaulle in December 2017. Other activities segment and intersegment eliminations are impacted by the sale of a 80%-stake in Hub Safe that has led to a change in consolidation method for the firm results since the 4 th quarter of 2017 1 . Hub Safe’s results are now integrated as share in associates from non- operating activities. Over 2018, the net loss in revenue, linked to the share of external revenue of Hub Safe amounted to €8 million compared to 2017.

1 Please refer to press release published on 29 September 2017, available on www.groupeadp.fr.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018