Aéroport de Paris - 2018 Registration document

ORGANISATION CHART

REVIEW OF THE FINANCIAL POSITION AND INCOME

PERSONS RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT

STATUTORY AUDITORS

SELECTED FINANCIAL INFORMATION

RISK MANAGEMENT AND CONTROL

INFORMATION ON THE COMPANY

BUSINESS OVERVIEW

REAL ESTATE ASSETS AND FACILITIES

EQUITY AND CASH FLOWS

Analysis by segment Aviation

2018 1,890

2017 1,813 1,055

2018/2017

(in millions of euros)

Revenue

+4.3% +5.6% +6.5% +4.4% +3.7% +3.6% +2.3% -3.4% +9.4%

Airport fees

1,115 695 254 165 239 499

Passenger fees Landing fees

653 243 159 230 487

Parking fees

Ancillary fees

Revenue from airport safety and security services

Other income

38

40

EBITDA

603

551

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

307

272

+12.8% +1,5pt

EBITDA / Revenue

31.9% 16.3%

30.4% 15.0%

Operating income from ordinary activities / Revenue

+1,2pt

Revenue from airport safety and security services was up by 2.3%, at €239 million. Other income , which mostly consists in re-invoicing the French Air Navigation Services Division, leasing associated with the use of terminals and other works services made for third parties, increased by 4.4%, at €41 million. EBITDA was strongly up by 9.4%, at €603 million. The gross margin rate increased by 1.5pt and stood at 31.9%. As a consequence, the operating income from ordinary activities was strongly up by €36 million, at €308 million over 2018.

Over 2018, aviation segment revenue, which includes Parisian activities alone, was up by 4.3% at €1,890 million. Revenue from airport fees (passenger fees, landing fees and aircraft parking fees) was up by 5.6%, at €1,115 million over 2018, benefiting from the growth in passenger traffic (+3.8%) and the increase in tariffs, in spite of the first semester strikes. For information, tariffs (excluding PRM 1 fees) have increased by 2.125% as of 1 April 2018. Ancillary fees were up by 3.6%, at €239 million, due to revenues from the registration banks (+6.2%, i.e. €5.2m) and proceeds from the PHMR fee (+4.1%, i.e. €2.4m), in connection with the increase in traffic.

Retail and services

2018

2017 953 459 303

2018/2017

(in millions of euros)

09

Revenue

1,000

+4.9% +6.8% +4.8% +9.0% +13.4% +10.0% +9.8%

Retail activities

490

Airside shops Landside shops

318 20 48 55 49 173 129 149

19

Bars and restaurants

42 50 45 171

Advertising

Others

Car parks and access roads Industrial services revenue

+1.1% -3.7% +1.7%

134 147

Rental income Other income

58

42

+37.5% +8.9%

EBITDA

580

533

Share in associates and joint ventures from operating activities Operating income from ordinary activities (including operating activities of associates)

2

3

-9.6%

458

404

+13.3% +2,1pt +3,4pt

EBITDA / Revenue

58.0% 45.8%

55.9% 42.4%

Operating income from ordinary activities / Revenue

Over 2018, revenue from Retail and services, which includes Parisian activities alone, was up by 4.9%, at €1,000 million.

1 Persons with reduced mobility.

107

AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018