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

6.4

DESCRIPTION OF ACTIVITIES BY SEGMENT

Aviation Aviation activities include all of the business activities carried out by Groupe ADP as the operator of the three main airports in the Paris region (see paragraph in Chapter 6, “Description of platforms”).

2017 1,890

2017 1,813 1,055

2018/2017

(in millions of euros)

Revenue

+4.3% +5.6% +3.6% +2.3% -3.4% +9.4% +12.8%

Airport fees Ancillary fees

1,115 239 499

230 487 40 551 272

Revenue from airport safety and security services

Other income

38

EBITDA

603 307

Operating income from ordinary activities

Determination of the regulated scope The Decree of 16 September 2005 relating to fees for services provided at airfields as amended by the Decree of 17 December 2009 defines the regulated scope. It is on this scope that the fair compensation of the capital invested by the operator is assessed with respect to the weighted average cost of capital, i.e . the Return On Capital Employed (RCE or ROCE), calculated as the operating income of the regulatory scope less the standard corporate tax relating to the regulated asset basis (net accounting value of tangible and intangible assets relating to the regulatory scope, plus the working capital requirement for this scope). In 2018, ROCE (return on capital employed, or retour sur capitaux employés ) of regulated scope stood at 5.73%. Regulated operating profit for 2018 stood at €467 million, €306 million after tax (tax rate of 34.43% in 2018) and the regulated asset base stood at €5,341 million as at 31 December 2018. Since 1 st January 2011, this scope of activity and services, called the “regulated scope”, includes all of the activities of Aéroports de Paris within the airports in the Paris region, with the exception of: ◆ activities financed by the airport security tax, i.e . mainly security services, prevention of animal hazards, and aircraft rescue and fire- fighting services (SSLIA) 1 ; ◆ retail businesses and services; ◆ land and real estate businesses not directly related to aviation activities or “real estate diversification” activities; ◆ management by Aéroports de Paris of noise reduction projects for local residents 2 ; ◆ ground-handling service activities falling within the competitive field 3 ; ◆ other activities engaged in by subsidiaries.

Fees Aéroports de Paris is bound by specifications that set out its obligations as a public service provider and the government authority’s control procedures for ensuring compliance with the same. These are the specifications approved by Decree no. 2005-828 of 20 July 2005 relating to Aéroports de Paris. This public service activity is also governed, with respect to fees, by the French Transport Code and the French Civil Aviation Code. Airport fees Airport fees are made up of the passenger fee, landing fee and parking fee, for which the pricing is regulated by the Economic Regulation Agreement (ERA): ◆ the passenger fee is based on the number of passengers boarded. They are due for all departing flights other than for passengers in direct transit (leaving on the same aeroplane with the same flight number), crew members working on the flight and children under two years of age. The fee varies according to the flight destination. A 40% reduction on the basic rate is applied to connecting passengers. Revenue from passenger fees stood at €695 million in 2018 compared with €653 million in 2017; ◆ the landing fee is charged for the use of the airport infrastructure and equipment required for landing, take-off and aircraft movements on the ground by aircraft of more than 6 tonnes (which includes nearly all commercial aircraft). They are calculated according to the certified maximum take-off weight of the aircraft and adjusted according to the aircraft’s noise-rating classification and the nocturnal or daytime landing timetable. Revenue from landing fees rose to €254 million in 2018 compared to €243 million in 2017; ◆ parking fees are based on how long the aircraft is parked, the certified maximum take-off weight of the aircraft and the features of the parking area: area abutting a terminal, remote areas or garage area. It is collected for aircraft weighing more than 6 tonnes. Revenue from parking fees amounted to €165 million in 2018 compared with €159 million in 2017. The landing fee, parking fee and passenger fee are presented as revenue in the consolidated financial statements under the item “airport fees” (see

06

Profitability of the regulated scope (in millions of euros)

2018

2017 424

Regulated operating profit Regulated assets base1

467

5,341

5,083

REGULATED OCE AFTER TAXES

5.73% 5.05%

1 Including subventions.

1 Please also refer to the paragraph in Chapter 6 entitled “Security”. 2 Please also refer to the paragraph in Chapter 17 “Environmental data”. 3 Please refer to the paragraph in Chapter 6 on “Ground-handling activities”.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018