Aéroport de Paris - 2018 Registration document

BUSINESS OVERVIEW 06

DESCRIPTION OF ACTIVITIES BY SEGMENT

To better support families travelling with children, family security screening checkpoints with facilitated access were once again set up during school holidays. Events are proposed including the distribution of original puzzle books to children and the presence of mascots. To reduce waiting times as much as possible at border controls, which remains a key issue, numerous PARAFE (automatic fast passage at external borders) passport control gates have continued to be deployed in all terminals, with the implementation of the facial recognition PARAFE validated by the Ministry of the Interior. The PARAFE system, which was implemented by the French Ministry of the Interior, Overseas, Local Authorities, and Immigration, enables passengers to cross the border more rapidly, independently, completely free of charge and without any prior enrolment in the scheme, thanks to automatic gates, electronic passports, and facial recognition between the passenger and their passport. The use of this technology aims to ensure more efficient passenger flow through border controls while guaranteeing a very high level of reliability.

For travellers looking for a quality cultural experience, a Museum Space is accessible free of charge from Gates M of terminal 2E. They can contemplate original works loaned by major French museums, with exceptional exhibitions held throughout the year, in partnership notably with the Louvre and Orsay Museums and the Château de Versailles. Since October 2018, the Museum Space has notably welcomed an exhibition entitled “Dina Vierny – un éclectisme électrique” (an electric eclecticism) which illustrates the life and collection of an extraordinary person to whom Paris Aéroport has made reducing waiting times one of its major everyday commitments. Once again this year, the waiting times before security checks at Paris-Orly and Paris-Charles de Gaulle did not exceed 10minutes in 90% of cases. It is essential to inform passengers in real time about the estimated waiting times: this is done by a display system, used at most security screening checkpoints in both airports, to enable travellers to see their time to pass the controls before they arrive in the zones. Paris owes the creation of the Maillol Museum. Ensuring efficient passenger flows

Real Estate

2018

2017 250 208

2018/2017

(in millions of euros)

Revenue

265 218

+6%

External revenue Internal revenue

+4.8% +11.9% -€61 M -€60 M

47

42

EBITDA

148 101

209

Operating income from ordinary activities

161

Presentation of the activity Non-terminal real estate activity is a strategic development axis and has become a focus for growth for the group with an economic cycle that differs from that of Groupe ADP’s other activities. The strong growth potential, resulting from the Company’s substantial real estate reserves (355 hectares), a density that is nevertheless still low in certain areas, and the medium and long-term reversion potential of land occupied, is an important driver for the creation of value for Groupe ADP. Groupe ADP acts throughout the value chain to value the land: ◆ as both landowner and developer, Groupe ADP prepares the layout and servicing for land that it then makes available to investors or users, who pay rent; ◆ Groupe ADP also acts as a developer and investor, managing real estate projects to meet its own needs and those of companies seeking to establish operations within its airports; ◆ as a property owner, Groupe ADP manages its assets (commercial strategy, remodelling and renovation), its rentals (marketing, tenant relations, rents and charges, regulatory obligations and maintenance and repair management) and offers additional services to tenants (repairs, security and cleaning).

There are two complementary categories of real estate assets: ◆ airport real estate includes land and buildings intended for aviation activities outside the terminals or requiring direct access to runways, such as aircraft maintenance hangars, frontline cargo courrier services and industrial buildings (catering, etc.); ◆ diversification real estate, which includes land and buildings that do not have direct access to runways, or for which this access is not essential to the operation of the activity, such as offices, hotels, retail and business premises, logistics premises and warehouses. These real estate activities have been excluded from the regulated scope since 1 January 2011. Groupe ADP provides real estate services to customers from a wide range of sectors including Air France-KLM, FedEx, Unibail-Rodamco, Audi, Accor, La Poste, Bolloré Logistics, Kuehne+Nagel, DHL, Groupe Auchan, Casino, FNAC, Dassault and Servair. The top ten customers represented around 59% of external revenue in 2018. Leases are mainly long term, thus limiting rental risk. At 31 December 2018, over 48% of leases by value had a maturity date of 9 years or more. For leased land, building and long-term leases may have a term of as long as 70 years. For leased buildings, the leases are commercial or civil.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018