Aéroport de Paris - 2018 Registration document

BUSINESS OVERVIEW 06

DESCRIPTION OF ACTIVITIES BY SEGMENT

PLANNED CONCESSIONS FOR THE LOUNGES IN MUSCAT, COPENHAGEN, FRANKFURT, ZURICH, JFK AND SAN DIEGO AND PRESENTATION OF THE GIS ACQUISITION TAV Operations services, a wholly-owned subsidiary, won the call for tenders for the 10-year concession for passenger lounges of nearly 3,300 m2 at the new International Airport of Muscat in Oman. These lounges opened in 2018. The lounges are in addition to the others already opened at the International Airports of Copenhagen, Frankfurt and Zurich. In 2019, TAV Operations services will open lounges in JFK and San Diego in the USA. In parallel, in November 2018, TAV Operations services signed the contract for the acquisition of 70% of GIS. GIS operates 17 airport lounges, particularly in Europe (notably in Spain) and Latin America (10 lounges in Spain, and also present in Paris, Frankfurt, Rome, Mexico, Sao Paulo, Bogota and Buenos Aires). This operation enables TAV OS to consolidate its position amongst the major airport lounge operators. PLANNED SERVICE CONTRACTS FOR THE NEW ISTANBUL AIRPORT AND NEW REGISTERED OFFICE In June 2018, TAV Airports signed a 15-year contract with Turkish Airlines in order to renew the partnership with TGS (Turkish Ground Services). TGS, 50% owned by HAVAŞ (which is itself wholly-owned by TAV) will renew its position as leader in the ground-handling market for the new Istanbul airport. ATÜ specialising in Retail & Duty Free and 50% owned by TAV Group, signed two contracts to locate to the new airport: a 10-year contract for the operation of all fashion stores for 1,679m 2 , and a 10-year contract for the sale of local products (Bazaar) for 2,800m 2 . Lastly, in July 2018, BTA signed a 13-year contract to operate over 4,000m 2 of surface areas dedicated to catering at the new Istanbul airport. PLANNED SITUATION OF TAV TUNISIA Concession contracts for the operation of Monastir airport and the construction and operation of Enfidha were signed by TAV Tunisia on 18 May 2007 for 40 years. This is one of the largest public private partnerships in Tunisia, with total investment of some €550 million. This project was financed by TAV through equity contributions and borrowing from multilateral donors and commercial banks. Alongside TAV which owns 66.6% of TAV Tunisia, IFC and the South-African investment fund, PAIDF, respectively own 18.4% and 15.0%. Multiple exogenous events since 2009 have significantly reduced the level of tourist activity in areas served by Monastir and Enfidha airports (international financial crisis, regional geopolitical situation and recent terrorist attacks). Following the 2015 attacks, traffic was just 1.4 million passengers in 2015, 1.6 million in 2016 and 1.7 million in 2017, compared to 3.3 million passengers in 2014. In 2018, the traffic amounted to 2.5 million passengers (+48%), recovering notably thanks to recommendations to travellers which were reviewed favourably by the UK, Belgium, Scandinavia and the Netherlands since summer 2017. The concessions have been in structural economic imbalance, leading TAV Tunisia to carry out three-party negotiations with the Tunisian authorities and lending banks. PLANNED SITUATION IN TURKEY In 2018, the security situation was very good and the total traffic in the country reached 210 million passengers, an increase of 9%. It should not be forgotten that security climate in Turkey deteriorated in 2016, after the country was hit by several terrorist attacks (in particular, the Istanbul Atatürk airport) and an attempted coup d’état. 2018, however, was marked by the Turkish economic crisis due to the geopolitical situation (notably the deterioration in relations with the

United States). This led to considerable volatility in the Turkish currency which depreciated on average by 33% in 2018 compared to 2017. Thanks to the resilience of its business model and the mitigation of exchange rate effects, TAV Group was not significantly impacted. The context has led, however, to a slowdown in Turkish national traffic (loss of purchasing power) and conversely, a regained attractiveness for international tourists. PLANNED ACQUISITION OF 50% OF THE SHARE CAPITAL OF THE CONCESSION HOLDER AT ANTALYA AIRPORT In May 2018, TAV Airports signed the acquisition of 49% of the capital in ICF, concession holder at Antalya International Airport. TAV Airports and Fraport share the control of ICF equally, and the contract gives the rights to 50% of the dividends. The airport, which welcomed more than 31 million passengers in 2018, is the main point of entry to the region of Antalya, one of Turkey’s most popular and most dynamic tourist regions, with 500 kilometres of coastal lines and a 600,000 bed hotel capacity. Airport International Groupe (AIG) In April 2018, Groupe ADP, through its wholly-owned subsidiary ADP International, finalised the transaction allowing it to hold 51% of the capital and giving it exclusive control of Airport International Group (“AIG”), concession holder for Queen Alia International Airport (QAIA) in Amman, Jordan. The new co-shareholders with which Groupe ADP invests are the infrastructures investment funds Meridiam and IDB Infrastructure Fund II. Edgo, already present, remains co-shareholder. Since this operation, Groupe ADP, already shareholder of AIG with a 9.5%-stake since 2007, has fully consolidated the financial accounts of the concessionary firm. With a 25 year term, the concession contract signed in 2007 provides for the operation of the existing terminals and the construction and operation of a new terminal. Since then, Groupe ADP experts have been conducting operations. The construction of the new terminal took place in two phases. The first phase of construction enabled the creation of 103,000 m 2 offering a capacity of 7 million passengers, and commissioned in March 2013. A vast extension was added to this terminal in September 2016, bringing the airport’s capacity to 12 million passengers per year. Operator of QAIA since the beginning of the concession (25 years) in 2007, Groupe ADP has contributed to the performance and growth of the airport over the last ten years. Traffic has grown on average by 6.5% per year since 2007. With the acquisition of AIG, Groupe ADP will be able to deploy its know- how, expertise and service offer. The objectives are to strengthen the air network from Amman, to improve the quality of service offered to passengers and the performance of aeronautical and commercial activities, and finally to ensure sustainable and socially responsible development for the remaining duration of the project. concession (until 2032). Queen Alia International Airport is a benchmark airport in the Middle East and manages 98% of Jordan’s traffic. It is the base and hub of Royal Jordanian Airlines and the gateway for the main touristic spots of the country, especially Petra, the Dead Sea and Wadi Rum desert. This airport was ranked by the Airport Council International (ACI) second best airport in its category (over 2 million passengers) in the Middle East, on the basis of the survey Airport Service Quality (ASQ/ACI) 2017, the most important worldwide reference programme regarding airport passengers satisfaction. Finally, it is the first airport in the Middle East to reach the level 3+ of the ACI Carbon accreditation, that is to say, carbon neutrality.

92

AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018