Aéroport de Paris - 2018 Registration document

BUSINESS OVERVIEW 06

DESCRIPTION OF ACTIVITIES BY SEGMENT

With 152 million passengers welcomed in 2018, TAV Airports’ traffic saw growth of 31.4% in 2018, notably thanks to the acquisition of Antalya. Taking into account Antalya from 1 January 2017, the Group’s traffic growth was 10.4% compared to 2017. TAV Airports’ main airport and Europe’s 5 th largest airport, Istanbul Atatürk welcomed 68 million passengers in 2018, up 6% compared to 2017. Through its subsidiaries, TAV Airports is also an operator in other airport service areas, like duty free, catering, ground-handling, IT, security and operating services. TAV Airports also manage the commercial areas and services at Riga international airport in Latvia. With a presence along the entire airport services value chain, the Group’s integrated business model is pivotal to its performance and economic success. TAV Airports includes: ◆ ten main subsidiaries in airport management activities: TAV Istanbul, TAV Ankara, TAV Izmir, TAV Gazipasa, TAV Bodrum and TAV Macedonia, which are 100% owned; TAV Georgia, which is 80% owned; TAV Medinah, which is 33% owned; TAV Tunisia, which is 67% owned; and MZLZ in Croatia, in which the Group holds an indirect 15% stake;

◆ six main subsidiaries in the services: ◆ ATU, specialising in duty free, 50% owned. It is a world leader in duty-free retailing, ◆ BTA, specialising in food service and wholly owned since November 2017. It offers restaurant services in 16 airports across 8 countries as well as maritime and urban facilities, ◆ Havas, a wholly owned ground handling company; ◆ TAV O&S, which manages airport lounges and VIP services at wholly-owned airports; ◆ TAV Technologies, a wholly-owned company that manages airport IT systems; ◆ TAV Security, which provides security services and is wholly-owned. ◆ TAV Airports' revenue amounted to €1,166 million in 2018, its EBITDA was €548 million and net income attributable to the Group of €75 million (as presented in Groupe ADP 2018 financial statements).

Governance At 31 December 2018, TAV Airports’ shareholder structure was as follows:

% of capital

Shareholders

Groupe Aéroports de Paris 1 Tepe Insaat Sanayi A.Ş.

46.1% 5.1% 1.3% 3.2% 44.3%

Sera Yapı Endüstrisi ve Ticaret A.Ş.

Other floating securities

Free float

1 Through Tank ÖWA alpha GmbH, a wholly-owned subsidiary of Aéroports de Paris.

TAV Airports’ Board of Directors consists of 11 members, with 5 members to be appointed by Groupe ADP, 1 for whom Tepe can propose a candidate and 1 for whom Sera can propose a candidate and 4 independent

members to be proposed by the Nomination Committee to the General Meeting of Shareholders.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018