Aéroport de Paris - 2018 Registration document

ORGANISATION CHART

RISK MANAGEMENT AND CONTROL

PERSONS RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT

STATUTORY AUDITORS

SELECTED FINANCIAL INFORMATION

INFORMATION ON THE COMPANY

BUSINESS OVERVIEW

REAL ESTATE ASSETS AND FACILITIES

REVIEW OF THE FINANCIAL POSITION AND INCOME

EQUITY AND CASH FLOWS

Strategic risks International risks

RISK IDENTIFICATION

RISK MONITORING AND MANAGEMENT

Since 2017, ADP International, a wholly owned subsidiary of Aéroports de Paris, has been responsible for managing Groupe ADP’s international activities namely, investments, airport operations and engineering and innovation. In addition, in order to provide a foundation for its international development, ADP International has three regional offices: in New York for the Americas zone, in Hong Kong for the Asia zone and in Istanbul for the Middle East zone. In July 2018, it also acquired the consulting firm, Merchant Aviation, in order to strengthen the Group’s engineering activity in the United States. In Jordan, ADP International acquired exclusive control of Airport International Group (“AIG”), the concessionary of Queen Alia International Airport (QAIA) in Amman, by taking its equity interest to 51% in April 2018. This organisation aims to provide an essential growth opportunity, in order to achieve the value creation objectives defined in Groupe ADP’s strategic plan, Connect 2020. With regards to the end of the Atatürk airport concession: TAV Airports group was officially informed by the Turkish Civil Aviation Authority that, following the opening of the new Istanbul airport, it would be compensated before 2 January 2021, which is the end date of the current lease. The transfer of commercial flights to the new airport took place on 6 April 2019. TAV Airports Group is also preparing the “after-Ataturk” by deploying activities of its service subsidiaries in new cities. In May 2018, it also acquired a 49% interest in the capital of the company which has the concession to operate Antalya’s international airport, the second largest airport in Turkey in terms of international traffic. Antalya constitutes a real source of growth for TAV Airports Group. The integration process contributes to the risk management internationally in 2018 through: ® a matching program with TAV Airports through its integration in the Groupe ADP’s main financial processes (ex: rolling forecast settlement, coordination regarding financial communication); ® integration of TAV Airports and AIG to the Connect-2020 (definition of roadmaps, strategic indicators for 2020) and to the review of the annual Groupe ADP’s Strategic committee; ® control of investments and of the strategy on the international scope organised through the Engagement committee, the Strategy and Investment committee; ® integration on both legal and tax topics. Integration on the accounting functions of ADP International and ADP Ingénierie to the accounting process of ADP SA since 2018. Moreover, the internal control and management of the international scope have been strengthened by ADP International reviewing projects at each key stage. In addition, Groupe ADP’s tax policy is aligned with the standards of the Organisation for Economic Co-operation and Development (OECD) contributing to combating instances of tax evasion. This issue is described in the “CSR policy” paragraph of the “Social, environmental and societal responsibility information” chapter.

Groupe ADP conducts a significant portion of its activities abroad through its subsidiaries and equity interests. These activities expose the Group to the inherent risks of international operations, linked to: ® the geopolitical and economic context of the main geographical regions in which the Group operates; ® legal, tax and compliance risks; ® exchange risks; ® asset management risks (in Turkey, the transfer of commercial flights from Atatürk airport to the new Istanbul Turquie airport will result in the early termination of the Atatürk airport lease); ® exposure to exceptional natural phenomena.

04

19

AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018