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

International and airports developments

2018 1 1,412

2017 1

2018/2017 1

(in millions of euros)

Revenue

682

+€730m

ADP Ingénierie ADP International

58

52

+€7m

188 175

15

+€173m +€175m +€550m +€333m

Of which AIG TAV Airports

-

1,166 585

616 252

EBITDA

Share in associates and joint ventures from operating activities after adjustments related to acquisition of holdings Operating income from ordinary activities (including operating activities of associates)

75

77

-€2m

339

186

+€153m

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, TAV Airports achieved an increase in revenue of €550 million, to €1,166 million: ◆ €544m linked to the full consolidation over the 1 st semester of 2018; ◆ €6m corresponding to the change between the 2 nd semester of 2017 and the 2 nd semester of 2018, the effect of the rise in traffic being almost entirely offset by the negative impact on revenue of the depreciation of -49% of the Turkish lira on average in H2 2018 (vs. 2 nd semester of 2017). In full year, TAV Airports revenue was up by 2.7%, thanks to very good traffic dynamics, to the growth of the activities of its subsidiaries, despite the depreciation of the Turkish lira. TAV Airports’ EBITDA 2 rose by €268 million to €548 million: ◆ €228 million linked to the full consolidation over the first semester of 2018; ◆ €40 million corresponding to the change between the 2 nd semester of 2017 and the 2 nd semester of 2018, in particular due to the dynamism of traffic, the effect of the depreciation of the Turkish lira being broadly neutral at the level of EBITDA. In full year, TAV Airports’ EBITDA was up by 7%, to €514 million, under the effect of the increase in revenue and thanks to a stability of the operating expenses. TAV Airports’ net result attributable to the group is up by €46 million, at €75 million. Share of profit from operating associates, including mainly the share from operating associates of TAV Airports (in particular Antalya) and Schiphol Group stood at €75 million over 2018, vs. €77 million compared to 2017, i.e. a decrease of €2 million. Operating income from ordinary activities (including operating activities of associates) for International and airport developments stood consequently at €339 million, compared to a result of €186 million for 2017.

Please note that the impact of the application of the norm IFRS 15 as from 1 January 2018 on the revenue from ordinary activities from contracts concluded with its customers has no significant impact on the revenue from the International and airport development segment (below €1 million). Over 2018, revenue from International and airport developments strongly increased by €730 million, to €1,412 million, due to the permeter change linked to the full consolidation of TAV Airports’ results 1 since July 2017 and the full consolidation of AIG’s results 2 since April 2018. EBITDA segment stood at €585 million. ADP Ingénierie 1 revenue was up by €7 million, at €58 million. EBITDA amounts to €0.8 million (vs. -€12m compared to 2017) and operating income from ordinary activities (including operating activities of associates) is null (vs. a result of -€13m in 2017). As of 31 December 2018, ADP Ingénierie’s backlog stood at €75 million, strongly up compared to end of 2017 (€61 million). ADP International , excluding its subsidiary ADP Ingénierie, saw its revenue increase by €173 million, to €188 million, out of which €175 million due to the full consolidation of AIG since April 2018. ADP International’s EBITDA stood at €37.2 million, up by €48.7 million, thanks to the contribution of the full consolidation of AIG’s results for an amount of €54 million. ADP International’s operating income from ordinary activities (including operating activities of associates) stood at €2.6 million, up by €41.3 million due to: ◆ a provision on international stake amounting to €20 million in 2018 vs. €46 million in 2017; ◆ the capital gain of the re-evaluation of the already-owned 9.5%-stake in AIG for an amount of €23 million.

09

1 Subsidiary of ADP International from 1 July 2017. 2 To be noted, EBITDA as published by TAV Airports includes Ankara guaranteed passenger Revenue (accounted for in revenue) and the share of equity pick-up, of which result of Antalya airport since May 2018.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018