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

and stores and 4,500 sq.m. of office space, as well as 224 parking spaces. The cargo area is divided into nine modules and will have a direct connection to the airside areas via a corridor which remains to be built. A cross-dock with lorry docks on the landside and direct street-level access will provide access to the airside area. For the Tivano park in the southeast corner of the Paris-Orly airport, the commissioning of a cold-chain logistics building (10,800 sq.m.) for the Auchan group in 2018 and the launch of an industrial building and storage (12,500 sq.m.) for BioC’Bon (commissioned in 2018) confirm the strong demand from the agri-food sector. These projects will be complemented with the availability of the land currently earmarked for retail activities for the general public. In addition to the development operations, a major operation to redesign the Orlytech office park was launched in 2013. This project consists of remodelling 19 buildings with a total surface area of 28,600 sq.m. built in the 1990s. At end 2018, six buildings had been completely renovated. This project is accompanied by the qualitative redesign of the buildings’ surroundings (repair of public roads and street lighting, urban development, fencing, vehicle charging stations, etc.) and planning for the development of this services zone in the medium-term. Real estate business at the Paris-Le Bourget airport Groupe ADP has significant areas available for development to the South of Paris-Le Bourget airport. In the southern sector of the airport, Groupe ADP, which owns 46 hectares of the Paris-Le Bourget exhibition park, reached an agreement in December 2016 with the International Air and Space Show, the current occupant, to extend the lease agreement of the site for a period of 30 years from 2025. This agreement was made possible by obtaining the Olympic and Paralympic Games in 2024 and hosting the media centre at Hall 3, that will be demolished and rebuilt consequently. A technical feasibility study for the development of the land reserve located on the northwest side of Paris-Le Bourget airport in the municipality of Bonneuil (approximately 30 hectares) was carried out in 2017 (creation of a business park). Half of it will be used for real estate diversification projects, and the other half will be dedicated to the airport’s aviation business. A first tranche of development and marketing, covering a first phase of 1 to 2 ha is planned for 2019. Groupe ADP is studying the purchase of land adjoining the airport zone which will enable strengthening of the development potential of Paris- Le Bourget airport for aviation activities. Groupe ADP, as developer of the land, co-investor and co-operator, and André Chenue SA (subsidiary of the Horus Finance group), as co-investor and co-operator, signed a construction lease, a property development contract with GSE and off-plan lease commitment for setting up an art conservation centre covering a surface area of 24,800 m 2 located in the eastern part of the Paris-Le Bourget airport. Work began in September 2018 with delivery planned for Q1 2020. As developer of the airport city, Groupe ADP thus enhances its land reserves and confirms its major involvement in the development of the Paris region airport system, creating wealth and jobs for the region. In addition, development feasibility studies were carried out between 2015 and 2017 on the General Aviation airfields of Saint-Cyr-l’École and Lognes. These made it possible to propose a programme for these sites. A 12 hectare mixed activities/housing (300 dwellings) district is to be developed for St. Cyr. In order to accelerate the completion of this

◆ Groupe ADP is continuing the development of a premium branded automotive village with the installation in 2018 of Audi / Audi Sport (4,600 m 2 ) and Volkswagen / Volkswagen Light Commercial Vehicles (2,150 m 2 ) car dealerships, next to the Aéroville shopping centre. These high quality facilities prove the Group’s capacity to attract new players to Paris-Charles de Gaulle airport and confirm the diversification of the service offer made to airport passengers and employees, the development of which should extend over the next few years to continue to increase the appeal of Paris-Charles de Gaulle airport. Real estate activity at the Paris-Orly airport Paris-Orly airport’s goal is to become a major business hub at the heart of the largest economic cluster in the southern Paris region, based on the Airport City development strategy. The Paris-Orly airport is also developing a full range of diversified assets on all its land reserves for service activities and for logistics and courrier businesses, with excellent road access and proximity to the agri-food cluster at the Rungis national wholesale food market. The Paris-Orly platform is served by public transport (Orlyval-RER B, RER C and the T7 tramway), which will be supplemented by two new Grand Paris Express lines (lines 18 and 14) by 2024. The project to extend the T7 tramway line to Juvisy is currently being studied. As part of the South interconnection project for high speed lines, a TGV station could also be created in the longer term. The airport also has abundant free land, inherited from the history of the airport and land to be recovered at the rate of the industrial reconversion of the former airport areas within the airport or on its fringes. A precursor to the airport city, the first to move in will be a hotel centre of 35,000 m 2 , which was completed in 2016-2017, developed by AccorHotels including a Novotel, an Ibis Budget and an extension to the existing Ibis (410 additional rooms in all). The completion of the refurbishment of the Mercure Hotel and the building of a new Ibis Styles in the Orlytech district (200 rooms) planned for delivery in 2019, will meet the need for hotel development around the Paris-Orly airport. In 2018, Groupe ADP as investor launched a call for projects with developers and hotel operators for the A4 plot in Cœur d’Orly , at the foot of the gateway for a diversified hotel complex with around 700 rooms (2022). Groupe ADP is also a 50% co-investor in the Cœur d’Orly office and retail project, alongside the Covivio (formerly Foncière des Régions). Designed by architect Jean-Michel Wilmotte, the first office building, Askia (19,500m 2 ), was delivered in 2015. It meets the NF-Bâtiments tertiaires HQE® “Excellent” and BREEAM® “Very Good” energy efficiency standards. It is connected to the existing geothermal network used by the airport. Following the commercialisation of Askia, a second office building was launched in Cœur d’Orly, the Belaïa (23,500 m 2 ) with an estimated delivery in 2020. The Cœur d’Orly gateway, commissioned in 2017, links the South terminal of the Paris-Orly airport to the Cœur d’Orly business district. It also links with the future airport station, which should accommodate the Grand Paris subway. To the north of Cœur d’Orly, after the deconstruction of hangar HN6 launched in 2018, next to the “Pont de Rungis” station on the Grand Paris Express (2024), 6.5 hectares will be freed-up enabling Groupe ADP to envisage, after studies, a tertiary campus of around 80,000 m 2 . To support traffic growth at Paris-Orly airport, a substantial development strategy involving the diversification of hotel capacity across all platforms will almost double the current hotel offering at Paris-Orly by 2025. Local shops may also be opened in proximity to the platforms. The complete delivery of the Roméo programme in 2018, fully invested by Groupe ADPs, located at the heart of Paris-Orly airport in the cargo area will offer 22,000 sq.m. of floor area including 17,500 sq.m. of warehouses

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018