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

Risks related to the competitive environment

RISK IDENTIFICATION

RISK MONITORING AND MANAGEMENT

Changes in the worldwide air traffic market are monitored by the Finance, Management and Strategy Division and by ADP International. Winning market share through proactively seeking traffic is a strategic focus for Groupe ADP’s activity both in Paris and internationally. The Connect 2020 strategic plan establishes this intention which is, among others, led by the Customer Division. In Paris in particular, the Division has put in place incentives aimed at encouraging the development of new routes and/or flights by passenger and cargo airlines. Groupe ADP has also entered into partnership with Atout France, the Paris City Hall and the Île-de-France region in order to promote the attractiveness of Paris and France.

The airports operated by Groupe ADP are, because of their respective geographical locations and the nature of the traffic handled, in competition with the main hub airports of varying importance. For example, the Group’s Île-de-France region platforms are in competition with: ® the main European and Middle Eastern hubs; ® the major European airports receiving direct intercontinental flights; ® airports serving the Île-de-France region for low-cost airline traffic; ® high-speed trains for journeys of less than three hours to and from Paris. Developing the attractiveness of all of Groupe ADP’s airports is a major challenge for the Group. Please refer to the paragraph in Chapter 6 on “Competition” of the 2018 registration document.

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Risks related to the customer portfolio structure

RISK IDENTIFICATION

RISK MONITORING AND MANAGEMENT

A policy of active development of connections to and from Paris (see “Risks related to the competitive environment”) as well as a commitment to improve the quality of services to match that of the best European airports aim to attract new airlines and thus diversify its customer portfolio and reduce Groupe ADP’s dependence on the AF-KLM Group.

As Groupe ADP’s principal airports are those of the Île-de-France airport system, exposure to risk is focused mainly on the Paris- Charles de Gaulle and Paris-Orly airports whose main customer is the Air France-KLM Group 1 , a member of the Skyteam Alliance. In 2018, it represented around 43.6% of Aéroports de Paris’ revenue and 45.9 million of passenger traffic at Paris- Charles de Gaulle and Paris-Orly airports. A change in AF-KLM Group’s strategy, particularly in the organisation of its connection network with the closure or transfer of some of its activities (passengers, cargo, maintenance), a significant change in its passenger typology, financial difficulties, a worker strike or a deterioration in the quality of its services could have a material impact on Aéroports de Paris’ results.

1 Grouping: Air France-KLM, Hop!, Transavia.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018