Aéroport de Paris - 2018 Registration document

ORGANISATION CHART

BUSINESS OVERVIEW

PERSONS RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT

STATUTORY AUDITORS

SELECTED FINANCIAL INFORMATION

RISK MANAGEMENT AND CONTROL

INFORMATION ON THE COMPANY

REAL ESTATE ASSETS AND FACILITIES

REVIEW OF THE FINANCIAL POSITION AND INCOME

EQUITY AND CASH FLOWS

EXPAND: Stimulate and share sustainable growth Groupe ADP’s third priority is to create new value via a global offering for its customers, for the development of the region and to export its know-how to other markets. To do so, Aéroports de Paris can count on its in-depth knowledge of the principal airport businesses to understand the challenges facing each one, optimise the relationships between players, operate in a network, promote partnerships that create value and conquer The challenge is to unite the extended airport community through cooperative projects required for the development and competitiveness of the Paris market place. On-time flights and cargo are symbolic of this unifying role that Groupe ADP can play for the benefit of the entire airport chain. Thanks to its collective commitment, the Group intends to increase Paris’ leadership in European cargo and improve the on-time performance of flights at Paris-Charles de Gaulle by 2020. With this aim, the CDM@CDG (CDM – Collaborative Decision Making) action plan was implemented in 2018 at Paris-Charles de Gaulle airport to guarantee the punctuality of regulated flights, i.e. flights subject to air regulation constraints. Along with the Air Navigation services, the aim is to carry out adjustments to operating procedures used by air traffic controllers during the start-up, taxiing and take-off phases for regulated aircraft. It also aims to improve Local Departure Management (GLD) in order to allow for improved predictability and more precise monitoring of regulated flights, from block-off to take-off. Operating performance is also improved by the ability to innovate towards new solutions to the challenges posed by the change in air transport and airport businesses. For this reason, in 2018 Groupe ADP invested, via ADP Invest, in Innov’ATM which has developed software to optimise air traffic around airport infrastructure, in flight and on the ground, using artificial intelligence algorithms. GROW WITH TERRITORIES Regions and airports share the same strategic challenge, which is capturing global growth for the benefit of Paris. By ensuring connectivity with the rest of the world, airports provide an essential link for city development. In the competition between major world cities, having an airport system which includes Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget is a considerable asset. Groupe ADP wants to sustainably anchor its activity and contribute to the economic and social development of the city and the regions surrounding the airports. For this purpose, CONNECT 2020’s strategy is to proactively develop routes in order to increase the long-haul network to/from Paris. At the end of 2018, the future operator of CDG Express, an essential project for the attractiveness of Paris-Charles de Gaulle airport and the image of Paris, was designated; it will be the consortium comprising Keolis (SNCF Group) and RATP Dev. The public inquiry on environmental authorisation took place from 22 October to 20 November 2018. The concession contract between the French State and the project company bringing together SNCF Réseau, Groupe ADP and the Caisse des dépôts et consignations was signed in February 2019. The project company is responsible for the financing, design, construction and maintenance of the CDG Express’ infrastructure. This rail link will adapt access to Paris- Charles de Gaulle airport for increased traffic and improve the quality of the passenger experience. The group also intends to strengthen its presence at the heart of local economies by becoming a leading player in Grand Paris. The Group is strengthening its actions in the fight against climate change, and aims to improve its energy efficiency by 7% between 2015 and 2020. new markets, particularly abroad. BE A SOLUTIONS INTEGRATOR

It also announced its ambition to reduce CO2 emissions by 65% at the three Paris airports between 2009 and 2020. As part of this approach, from 2012 the Company has committed to the ISO 50 001 certification of its Energy Management System (SMÉ). In June 2018, AFNOR ( Agence française de normalisation ) renewed the Company’s certification obtained in 2015 for three years. Also, in 2018, the Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget airports maintained their certification to the ISO 14001 standard as well as the Airport Carbon Accreditation (ACA) level 3 certifying management of internal and external greenhouse gas emissions. Lastly, Paris-Charles de Gaulle and Paris-Orly airports maintained their ISO 14001 certification in 2018; Paris-Le Bourget airport, Toussus-Le- Noble general aviation airfield and Issy-les-Moulineaux heliport had their certification renewed. CONQUER NEW MARKETS Groupe ADP is rolling out its international development strategy as part of its ambition to be a world leader in airport design and operation. The Group extended its scope in 2018 with the exclusive control, via ADP International, of Airport International Group (AIG), the concessionary of Queen Alia International Airport in Amman, Jordan, by increasing its equity interest by 9.5% to 51%. TAV Airports acquired a 49% stake in ICF, which has the concession to operate Antalya airport, in Turkey. Lastly, ADP International acquired the consulting firm, Merchant Aviation, based in the USA. The expansion of Groupe ADP abroad enables it to take advantage of some of the opportunities offered by increased global traffic. It aims to strengthen its position in regions in which it already has operations and develop in regions with high growth potential. Over time, the group plans to expand its airport portfolio by targeting new significant acquisitions abroad. The group’s 2020 objectives CONNECT 2020, Groupe ADP’s strategic plan, implements an industrial strategy to promote the overall competitiveness of the aeronautical sector and the regions, in line with the Economic Regulation Agreement 2016- 2020 signed on 31 August 2015. Groupe ADP has set the following main objectives for 2020, based on an assumption for an average annual growth in passenger traffic in Paris of 2.5% between 2016 and 2020 (assumption revised between 2.8% et 3.2%): ◆ return on capital employed in the regulated scope: return on capital employed in the regulated scope is in line with the Group’s average weighted cost of capital estimated at 5.4% in 2020 e (target revised between 5.6%-5.8%); ◆ quality of service: attainment of an overall ACI/ASQ score of 4 (Adjustment: rating of 4 on a full-year basis after delivery of the infrastructure projects); ◆ retail: expected sales of airside shops per departing passenger of €23 on a full year basis after delivery of the infrastructure projects planned for 2016-2020 e ; ◆ real estate: growth in external rent (excluding re-invoicing and indexing) from real estate activities of 10 to 15% between 2014 and 2020 e ; ◆ control over operating costs: limiting the increase in parent company operating costs to less than or equal to 2.2% per year on average between 2015 and 2020 e ; ◆ profitability: growth in consolidated EBITDA of between 30 and 40% from 2014 to 2020 e , thanks to the combination of the above items and excluding of the full consolidation effects of TAV and AIG).

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018