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

Article 179 of the 2019 Finance Law amends article 1609 quatervicies of the French General Tax Code from 1 April 2019. From this date, the amount of the civil aviation tax is capped at €10.80 per departing passenger. The decree of 25 March 2019, applicable from 1 April 2019, set the tax for Aéroports de Paris at €10.80 per departing passenger and €3.78 for connecting passengers. With regard to the reduction for connecting passengers, article 1609 quatervicies of the French General Tax Code, in its version applicable up to 31 December 2018, provided that the reduction rate would be set by decree by the Ministers responsible for the budget and civil aviation up to a ceiling of 40%. The decree of 23 March 2018 set the reduction rate for connecting passengers at 40%. Article 180 of the 2019 Finance law no. 2018-1317 of 28 December 2018 amended the reduction rate, by indicating that this rate must be between 40% and 65% from 1 January 2019. The decree of 25 March 2019 set the applicable reduction rate for connecting passengers at 65% from 1 April 2019. SURCHARGE FOR THE EQUALISATION SYSTEM Lastly, a surcharge per departing passenger is paid into an equalisation system, which contributes towards funding these public services at smaller French airports whose annual traffic is less than 5 million units, 1 unit of traffic being equal to 1 passenger or 100 kilograms of cargo or mail being loaded or unloaded. This surcharge is provided for in paragraph IV bis of article 1609 quatervicies, which stipulates that: “From 1 January 2010, the civil aviation tax tariff per passenger is subject to a flat rate surcharge, up to €1.25, set by the joint decree of the Minister responsible for the budget and the Minister responsible for civil aviation. The upper limits of the tariffs indicated in IV do not take this surcharge into account.” The tariff of the surcharge on the civil aviation tax for Aéroports de Paris’ airports (Paris-Orly, Paris-CDG, Paris-Le Bourget and the civil airfields for general aviation) was set at €0.90 per passenger from 1 April 2018, by decree of 23 March 2018 setting the list of airports and airport groups and the tariff for the civil aviation tax applicable to each one as well as the civil aviation tax surcharge. Since the Amending French Finance Act 2013 (Act No. 2013-1279 of 29 December 2013 amending Article 1609 quatervicies of the French General Tax Code), Aéroports de Paris, as a group of airports, no longer benefits from the equalisation system for the funding of security measures for Pontoise, Toussus-le-Noble and Issy-les-Moulineaux airports. USER FEES Article 179 of the 2019 Finance law no. 2018-1317 of 28 December 2018 amended article 1609 quatervicies of the French General Tax Code, that governs the civil aviation tax, by stipulating that for each class 1 and 2 airport or group of airports for which the annual costs per departing passenger eligible for the financing by the tax are greater than or equal to €9 on average over the last three known civil years, the tariff of the civil aviation tax is set so as to cover 94% of the eligible costs supported by its operator, from 1 April 2019. Aéroports de Paris comes under the scope of application of this provision. The Company operates a group of class 1 airports for which the annual costs per passenger eligible for financing by the tax exceeded €9 on average over the last three known civil years. As a result, from 1 April 2019, 6% of the costs attributable to tasks covered by the tax, will be borne by Aéroports de Paris. Based on security costs for Aéroports de Paris SA of between €500 million and €600 million per year over the coming years, the impact of these user fees on the company's operating income amounts to around €30 million to €35 million per year.

◆ a security check system for hold baggage that ensures security checks of 100% of hold baggage according to procedures defined by the Government authorities, which essentially consists of explosive- detecting apparatus, generally integrated into airport baggage handling facilities, possibly accompanied by specially trained dogs; ◆ security check measures for staff and vehicles at each access point to restricted security areas within airports, as well as access control measures, including biometrics in particular; ◆ security check and screening measures for supplies; ◆ security procedures for the use of facilities made available to the group’s partners (check-in counters, boarding lounges, etc.); ◆ specific layouts inside and outside the terminals: physical separation of departing and arriving passenger flows, video-surveillance of security check-points and personnel access points, security partitions, secured emergency exits, and anti-return doors and hallways, etc.; ◆ patrolling procedures and monitoring of border security and controls in critical parts of restricted access security areas for airport identification cards and vehicle passes. All of these measures are described in a safety programme established at each airport by Aéroports de Paris and submitted for information purposes to the Civil Aviation services. Security approvals will be issued to security programs for a maximum period of five years by the Deputy Prefect. For Paris-Le Bourget, the security programme was approved on 28 June 2017, for five years and the same for Paris-Orly, approved on 29 March 2013. Finally, the security programme for Paris-Charles de Gaulle was approved on 14 April 2014, with the agreement terminating on 29 March 2018, for subsequent alignment with that of Paris-Orly. The security programmes set out the tasks, locations, resources and procedures to be used, and are supplemented by training plans for the hiring and training of staff working in the security field and quality assurance programmes that describe in particular Aéroports de Paris’ supervisory mechanisms for overseeing security service providers. Around 300 people are employed by Aéroports de Paris to directly perform security duties, and nearly 4,700 people are employed by external service providers specialising in carrying out security checks and screening. These companies are selected by Aéroports de Paris on behalf of the French government, after a publicised and competitive procurement procedure. Funding of security activities PURPOSE OF THE TAX Security activities such as those relating to aircraft rescue and fire-fighting services and services for the prevention of animal hazards and those linked to measures employed within the framework of environmental controls are financed by the airport tax provided for in article 1609 quatervicies of the French General Tax Code, and collected for each departing passenger and each tonne of cargo or mail that is loaded. AMOUNT AND DEDUCTION The amount of the tax is determined by order of the ministers in charge of the budget and civil aviation. From 1 January 2011 to 31 March 2019, the civil aviation tax amounted to €11.50 per departing passenger and €1.00 per tonne of cargo or mail. Moreover, to reinforce the competitiveness of the Paris-Charles de Gaulle hub, from 1 April 2013, the civil aviation tax amounted to €6.90 for connecting passengers, in application of a reduction of 40% in the tax.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018