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

2018 regulated ROCE 1 As of 31 December 2018, the ROCE for the regulated scope (after tax) stood at 5.73%. The operating income for the regulated scope for 2018 amounted to €467 million, before corporate taxes. The sum of the regulated asset base and the change in working capital stood at €5,341 million. €500 million 20-year new bond issue On 4 October 2018, Aéroports de Paris launched a 20-year bond issue for a total amount of €500 million with the following characteristics:

◆ intangibility of the WACC at the limits of the regulated activities which cannot be called into question during the period covered by the Economic Regulation Agreement, including for the current Economic Regulation Agreement. The draft bill also enables better medium-term visibility: ◆ the twofold principle (i) of fair returns on invested capital and (ii) of suitability of fees to the cost of services rendered (including return on invested capital) can be assessed globally and on a provisional basis over the entire duration of the Economic Regulation Agreement; ◆ the use of French accounting standards for regulation is confirmed. Following the law’s enactment, regulatory application measures will be required, including the Company’s specifications, which would be applied in the event of the transfer of a majority of ADP’s share capital to the private sector. The impacts on ADP can only be assessed depending on all of these legal elements, which will be subject to official publication under the usual conditions of publication for laws and regulations. TAV AIRPORTS As of 31 December 2018, there is no indication of an impairment loss for the intangible asset related to the operating contract of the Istanbul Ataturk airport. Following the transfer of commercial flights from Atatürk airport to the new Istanbul airport on 6 April 2019, Group ADP does not expect any negative impacts on its financial statements. Indeed, TAV Airports was officially informed by the Turkish Civil Aviation Authority (Devlet Hava Meydalan Isletmesi or DMHI), that it will be compensated for the shortfall for the timeframe between the transfer of activity to the new airport and the end of the concession initiales end (2 January 2021 at midnight). The conditions of calculation of this compensation are subject of discussion with the DHMI.

◆ format: fixed rate; ◆ redemption: in fine; ◆ annual rate: 2.125%; ◆ re-offer spread: 65 bp over mid swap; ◆ re-offer yield: 2.174%; ◆ payment date: 11 October 2018; ◆ maturity date: 11 October 2038.

Aéroports de Paris is rated A+ (stable outlook) by Standard and Poor’s. This bond issue was launched on 11 October 2018 and will ended on 11 October 2038. Dividend distribution The Board of Directors of Aéroports de Paris decided in 2015 to implement a policy for the payment in cash of an interim dividend up until the financial year ending on 31 December 2020. For the 2018 financial year, this interim dividend amounts to €69.28 million, i.e. €0.70 per share. The ex-interim dividend date was 6 December 2018 and the interim dividend for 2018 was paid out on 10 December 2018.

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1 Return on capital employed.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018