Aéroport de Paris - 2018 Registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 20 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2018

◆ TAV Macedonia: the concession rent of TAV Macedonia is 15% of the annual income turnover until the number of passengers using the two airports (Skopje and Ohrid) reaches to 1 million, and when the number of passengers exceeds 1 million, this rent percentage shall change between 2% and 4% depending on the number of passengers;

◆ TAV Milas Bodrum and TAV Ege: the fixed concession rents are defined in the concession contract for the operation of international and domestic terminals of Milas Bodrum and Izmir Adnan Menderes airports (see Note 8.2). The debt related to the minority put option relates to TAV Airports for the minority interests in TAV Tunisia (see Note 9.4).

4.9 Investment in associate and joint ventures from operating (and non-operating) activities

Retail and services Groupe ADP exercises a joint control on the following companies: Société de Distribution Aéroportuaire: entity which capital and voting rights are 50%-owned, specialized in the sale of alcohol, tobacco, perfumes-cosmetics, food, fashion and accessories and photo-video- sound systems. The company conducts direct management and commercial lease activities. Relay@ADP: joint-venture which is 50%-owned dedicated to retail of press, book store, commodities and souvenirs. EPIGO: company which is 50%-owned dedicated to arranging, operating and developing fast food points of sale in the terminals. Transactions between Aéroports de Paris SA and these companies relate to: ¯ fees collected under the operational rights granted by Aéroports de Paris SA; ¯ rents for the occupation of sales areas. Real estate The main companies consolidated under equity method in the Real estate sector are the following: Coeur d’Orly Commerces and Coeur d’Orly Bureaux: Aéroports de Paris is a 50%-co-investor of the Coeur d’Orly project for retail outlets and offices, along with Foncière des Régions. Transport Beheer and Transport CV: companies which are 40%-owned along with Schiphol Group, with the objective to own an office building. SCI Heka Le Bourget: company which is 40%-owned, holder of the construction lease and investor in the building intended to be operated by the company Chenue Le Bourget.

In accordance with the principle explained in Note 3.1 and in the glossary, the share of profit or loss in joint ventures is presented in a separate line in the operating profit or loss, integrated on the operating result. Investments in companies over which the Group exercises significant influence or joint control are described below: International and airport developments TAV Airports : The companies consolidated under the equity method in TAV Airports are mainly joint-ventures: 50% of parts of TAV Antalya have been acquired in May 2018 and which operates international airport of Antalya, TGS a ground-handling service company which is 50%-owned, ATU a company specialized in duty free and 50%-owned, Tibah Development and Tibah Operation which are 33%-owned and 51%-owned respectively and operating the Medine airport in Saudi Arabia and BTA Denizyollari which is 33.33%-owned. Royal Schiphol Group N.V (“Schiphol Group”) , which operates Amsterdam Airport Schiphol, created with Aéroports de Paris SA a long-term industrial cooperation and capital 8% cross-equity investment agreement at the end of 2008 that created a leading alliance in the global airport industry. This industrial cooperation agreement between two of Europe’s leading airport groups for an initial duration of 12 years represents a bold strategic move that has generated significant mutual benefits for both companies in all their core areas of business. Sociedad Concesionaria Nuevo Pudahel , joint-venture 45%-owned by ADP International, 40%-owned by Vinci Airports and 15%-owned by Astaldi, operating the concession of Santiago International Airport for a period of 20 years and with the objective to ensure the financing, design and construction of a new 175,000-square meter terminal. Société de gestion et d’exploitation de l’aéroport de Conakry (“Sogeac”) , 28.98%-owned. Airport Terminal Operations LTD (“ATOL”) , company whose main purpose is the management and operation of Sir Seewoosagur International Airport in Mauritius. Although holding only 10% of the capital of this company, ADP International actively participates in the governance as well as the financial and operational decision making policies of the company.

4.9.1 Share of profit or loss of associates and joint ventures from operating activities The amounts included in the income statement are broken down by sector as follows:

2018

2017

(in millions of euros)

International and airport developments 1/2

75

77

Retail and services

2 2

3

Real estate

(2)

Other activities

-

-

SHARE OF PROFIT OR LOSS IN ASSOCIATES AND JOINT VENTURES FROM OPERATING ACTIVITIES

80

78

1 In 31 December 2018, this amount includes the share of profit or loss in associates and joint ventures from operating activities of AIG until 18 Avril 2018, equivalent to a loss of less than €1 million, and the profit recognized as part of the disposal of 9.5% of AIG shares for the total amount of €22 million (see Note 2.1). 2 Prior to the control acquisition dated 7 July 2017, TAV Airports investment was accounted for using the equity method. Following the additional acquisition on that date, TAV Airports is fully consolidated in the Group accounts. The contribution of TAV Airports in the share of profit or loss in associates and joint ventures from operating activities until 7 July 2017 amounts to €63 million.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018