Aéroport de Paris - 2018 Registration document

INFORMATION ON THE COMPANY 05 CAPITAL EXPENDITURES

Projected Aéroports de Paris’ investments programme between 2016 and 2020 Projected Aéroports de Paris’ investment programme between 2016 and 2020, excluding financial investments

Total 2016-2020

Actual 2018

Projected 2019

Projected 2020

Actual 2016 (in euros 2016)

Actual 2017 (in euros 2017)

(in millions of 2018 euros from 2018)

Regulated scope 1

538

545

628

790

604

3,104

Shops and other investments Diversification real estate

84

96 99 62

174

167

184

705 343 564

120

41

43

41

Safety and security

33

93

163

212

TOTAL AÉROPORTS DE PARIS (EXCLUDING FINANCIAL INVESTMENTS)

775

801

936

1,164

1,041

4,716

1 For more information see Section 6.3 “Access to the Paris-Charles de Gaulle airport”.

On 5 April 2019, during its Investors’ Day, Groupe ADP published certain investment forecasts for 2025. Excluding financial investments, over the 2021-2025 period, the Group expects to invest around €7.7 billion of which: ◆ €6.0 billion for the regulated scope in accordance with the investment plan proposed by Aéroports de Paris as part of the 2021-2025 Economic Regulation Agreement (for which the Public Consultation Document was issued on 2 April 2019). This proposed investment plan is presented below; ◆ €0.6 billion for the scope of shops and other investments (of which around €100 to €150 million dedicated to the construction and renovation of the shopping areas in the terminals); ◆ €0.6 billion for the real estate scope (i.e. around €700 to €750 million in total over the 2019 to 2025 period); ◆ €0.5 billion for safety/security (around €900 million in total over the 2019 to 2025 period), with notably the continued deployment of Standard 3 EDS detection equipment by the end of 2022. These investment forecasts presented during the Investors’ Day do not constitute new forecasts and targets. They are the Group’s vision by 2025, which supplements the unchanged targets in the Connect 2020 plan, in light of Aéroports de Paris’ proposal for the next Economic Regulation Agreement, which is liable to change up to the contract’s signature.

Aéroports de Paris’s projected investment programme between 2016 and 2020 totals €4.7 billion, excluding financial investments. This programme also excludes the potential investments linked to the acquisitions of holdings in France or abroad. This programme does not take into account the potential investments relating to CDG Express either, which will be undertaken by the infrastructure 1 project management company, of which Aéroports de Paris owns one-third of the capital. The total cost of CDG Express is €2.1 billion, which will be covered in an amount of approximately €400 million in shareholders’ equity by shareholders of the project company, shared equally between Groupe ADP, SNCF Réseau and the CDC, and in the maximum amount of €1.7 billion by a loan from the French State. The State loan will be reimbursed using revenues from the infrastructure manager.

1 On 11 February 2019, the CDG Express infrastructure manager signed the concession contract with the French State for work on the CDG Express link project.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018