Q1 2016 REVENUE 2 MAY 2016
Q1 2016 HIGHLIGHTS Traffic recovery Good performance of Bars and Restaurants Slowdown of sales/pax Passengers traffic resilience: +3.7% for Groupe ADP +1.9% for Paris Aéroport (1) International traffic growth: +2.0% Success of EPIGO, our new joint venture for Bars and Restaurants Sales/PAX of airside shops down at 18.8, due to the impact of terrorist attacks on tourism but more resilient than downtown Recovery of Retail activities expected in the 2 nd half of 2016 Paris-Charles de Gaulle rewarded by Skytrax TOP 10 best airports >50m passengers +15 ranks, up to 33 rd place in the Global Skytrax ranking Hall M of terminal 2E as 3 rd best terminal in the world Delivery of Eastern Pier at Paris-Orly New international boarding lounge at terminal South of Paris-Orly Preparation of our new brands New Group name: Groupe ADP Brand for our travellers: Paris Aéroport New signature: «Paris vous aime» (1) Paris-Charles de Gaulle and Paris-Orly 2
Q1 2016 REVENUE UP BY +1.8 % Good performance in almost all activities Incl. Security: - 6m Lugg. Sorting: + 2m Incl. Tariffs: + 5m Traffic: + 2m Landside shops :+ 1m Airside shops: - 1m External rents: + 3m ADP Ingénierie: + 2m Hub Safe: + 2m 4 4 4 683 +1.8% 671 8 7 0 4 3 Aviation +0.3% Retail & Services +1.9% +4.6% +23.4% +7.0% +5.3% Q1 2015 restated (1) Airport fees Other aero. Retail Others(2) Real Estate International & Airport Dev. Other activities Inter segments elim. Q1 2016 (1) Q1 2015 figures are restated. Please refer to slide 12 (2) Mostly internal revenue 3
GOOD PERFORMANCE OF INTERNATIONAL ACTIVITIES AND REAL ESTATE thanks to new projects Aéroports de Paris SA (parent company) (1) Subsidiaries & Associates Aviation Retail & Services Real Estate International and Airport Developments (2) Other Activities 399m +0.3% 214m +1.9% 76m +4.6% 22m +23.4% 52m +7.0% Airport fees: +3.4%, to 222m Traffic: +1.9% Tariffs (3) : +2.4% Ancillary fees: +4.2%, to 53m Luggage sorting fees: +27.8%, to 10m Revenue from airport safety and security services: -4.9%, to 113m Retail: -0.6%, to 92m Sales/pax: -5.3%, to 18.8 Airside shops: -1.3% Landside shops: +25.5% Car parks: stable, to 41m Others: +55.3%, to 10m External Rents: +3.5%, to 63m Cost of construction index 2016: -0.4% ADP Ingénierie: +20.4%, to 18m ADP Management: +38.5%, to 4m Q1 2016 Group revenue (1) +1.8% to 683m Hub One: +9.3%, to 34m Hub Safe: +2.9%, to 18m (1) Including inter-segment eliminations of - 80m (+5.3% vs Q1 2015). Q1 2015 figures are restated, please refer to slide 12 (2) Associates include TAV Airports (38%-owned), TAV Construction (49%) and Schiphol (8%) and are accounted for using the equity method (3) On 1 April 2015. On 1 April 2016, tariffs have been stable on average and on a like-for-like basis 4
GROUPE ADP TRAFFIC Group traffic driven by TAV Airports Groupe ADP vs Peers Monthly change Paris Aéroport (1) London-Heathrow Traffic in mpax 17 21 Q1 2016 vs. Q1 2015 +1.9% +2.6% mpax 10 Q1 2016: +1.9% 2015: +2.0% Q2 2015: +1.0% Q3 2015: +8.2% Q4 2015: 0.0% % change +20% Istanbul-Ataturk 14 +5.8% 9 8 +15% Frankfurt-Fraport 13 +3.3% 7 Amsterdam-Schiphol 13 +12.4% 6 +10% Madrid-Adolfo Suarez 11 +11.9% 5 4 +5% 3 Groupe ADP(2) 32 + 3.7% 2 1 +0% Inc.TAV Group @38% 9 +6.1% 0-5% Fraport Group(2) 21 +4.6% Passenger traffic 2015 Passenger traffic 2016 Traffic growth 2015: pax Traffic growth 2016: pax (1) Paris-Charles de Gaulle and Paris-Orly (2) Traffic weighted by the percentage of shares held, please refer to slide14 5
PARIS AEROPORT TRAFFIC GROWTH OVER Q1 2016: +1.9% Slightly positive traffic mix and strong growth of low-cost carriers % Paris Aéroport total traffic (departures and arrivals) 2016/2015 change North America 8.5% +4.6% French Overseas Territories 5.2% +6.7% France 17.6% -0.2% Europe 41.1% +2.8% Middle East Asia/ Pacific 5.2% +4.2% 7.1% -6.4% Africa Latin America 11.5% +2.8% 4.0% +2.1% Total traffic International traffic (1) Connecting rate (2) +1.9% 41.4% +2.0% 26.6% +0.5pt (1) Excluding France and Europe (2) Number of connecting passengers out of the number of departing passengers 6
19 17 15 13 11 9 SALES/PAX DOWN AT 18.8 BUT MORE RESILIENT THAN DOWNTOWN Duty Paid and French luxury brands robustness Evolution of sales/pax (1) Resistance of Sales/PAX in our airports compared to downtown In 19.8 19.7 +9.7% +8.4% 18.8 18.2-5.3% 17.7 +3.0% +5.4% 16.8 +11.3% Sales/PAX down 5.3%, at 18.8 Duty Free sales/pax: -6.9%, to 33.6 15.1 Impact of terrorist attacks on tourism +5.6% 14.3 +15.3% Negative impact of the appreciation of the euro 10.7 12.4 11.6 +6.9% +8.4% Good performance of French luxury brands Duty Paid sales/pax: +0.9%, to 7.1 +9.2% 9.8 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1 2015 2015 Q1 2016 (1) Sales/PAX = sales of airside shops per departing passenger 7
PARIS-CHARLES DE GAULLE IN TOP 10 BEST AIRPORTS ACCORDING TO SKYTRAX 2016 Efforts on quality of service rewarded Paris-Charles de Gaulle in top 10 best airports >50mpax 33 rd world best airport (+15 ranks compared to 2015) 8 th in best leisure amenities Hall M of 2E terminal as 3 rd best terminal in the world
Paris-Orly Eastern Pier 12,000 sqm 950 seats 6/12 large/medium aircraft stands
A NEW BRAND UNIVERSE FOR AEROPORTS DE PARIS Groupe ADP and Paris Aéroport GROUP Unite the Group and its subsidiaries under a shared banner, by using ADP acronym, especially useful for international reputation AIRPORT EXPERIENCE Create a high profile brand for passenger traffic-related activities, around which the entire airport community can gather and guarantee world-class standards in the Paris airports. Paris-Charles de Gaulle Paris-Orly Paris-Le Bourget 10
APPENDIX
Q1 2015 RESTATED Impact at Q1 2015 limited to Real Estate for IFRIC 21 Impact of IFRIC 21 on Q1 2015 Real Estate and consolidated revenue (in millions of euros) Q1 2015 as published Variance Q1 2015 restated Rationale Real Estate 64 +9 73 IFRIC 21 adjusted Total Q1 2015 revenue 662 +9 671 Real Estate impact No impact on H1, Q3 and FY 2015 Real Estate and consolidated revenue 12
AVIATION Q1 2016 Revenue In m Revenue: +0.3% Other Revenue from airport safety and security services 398 399 13 10 119 113 Airport fees (+3.4%): + 8m Tariffs: + 5m Traffic (including Mix effect): + 2m Ancillary fees Parking Landing 51 53 31 32 47 48 Ancillary fees (+4.2%): + 2m Revenue from airport safety and security (-4.9%): - 6m Airport fees Passengers 136 141 Q1 2015 Q1 2016 13
AVIATION Group traffic by airport at Q1 2016 In millions of passengers Groupe ADP stake (1) Stake-weighted traffic (m pax) Change Q1 2016/ Q1 2015 Paris Aéroport (2) @ 100% 20.9 +1.9 % Mexico regional airports @ 25.5% (3) @ 16.7% 0.2 +9.6% Zagreb @ 21% 0.1 +6.5% Groupe ADP Jeddah Hajj @ 5% 0.1 +13.8% Amman @ 9.5% 0.2 +8.5% Mauritius @ 10% 0.1 +10.9% Conakry @ 29% 0.0 +31.1% Santiago de Chile @ 45% 2.2 +10.3% Istanbul Ataturk @ 38% 13.8 +5.8% TAV Group Ankara Esenboga @ 38% 3.0 +7.6% Izmir @ 38% 2.7 +8.2% Other airports (4) @ 38% 3.4 +4.4% Total Groupe ADP 32.4 +3.7% (1) Direct or indirect (2) Paris-Charles de Gaulle and Paris-Orly (3) Of SETA, which owns 16.7% of GACN controlling 13 airports in Mexico (4) Turkey (Milas-Bodrum international since October 2015), Croatia (Zagreb), Saudi Arabia (Madinah), Tunisia (Monastir & Enfidha), Georgia (Tbilissi & Batumi), and Macedonia (Skopje & Ohrid). 14
RETAIL AND SERVICES Q1 2016 Revenue In m Revenue: +1.9% Retail (-0.6%): stable Other 210 214 6 10 Airside shops (-1.3%): - 1m Landside shops (+25.5%): + 1m Rentals 34 34 Other revenue (+55.3%): + 4m Industrial Services 37 37 Services for Société du Grand Paris Car parks 41 41 Retail 92 92 Q1 2015 Q1 2016 15
RETAIL AND SERVICES Detail of retail rents and sales/pax (1) Retail revenue: -0.6% Sales/PAX Q1 2016: -5.3% to 18.8 In m 92 92 16 16 Sales/PAX ( ) % change 36.0 33.6-6.9% 7 7 3 4 +1.8% +25.5% 19.8 18.8-5.3% 66 65-1.3% 7.1 7.1 +0.9% Q1 2015 Q1 2016 Q1 2015 Q1 2016 Retail revenue detail Airside shops Landside shops Bars & restaurants Other (incl. Adv) Duty Paid Duty Free Total (1) Sales/PAX = sales per departing passenger at airside shops 16
REAL ESTATE Q1 2016 Revenue In m Revenue: +4.6% External revenue (+3.5%): + 3m Internal revenue 73 13 76 14 New tenants and end of rent-free periods: + 3m Other 15 17 Internal revenue (+10.0%): + 1m Buildings 20 20 External revenue (1) Land 25 26 Q1 2015 restated (2) Q1 2016 (1) Generated with third parties (2) Q1 2015 figures are restated. Please refer to slide 12 17
REAL ESTATE: NON BINDING PIPELINE Pipeline of projects at the end of March 2016 Airport Segment Groupe ADP Role Operator Project Opening Floorspace (sqm) Total of projects delivered over Q1 2016 61,200 CDG Diversification Developer Sogafro/SDV Offices and warehouses 2016 37,500 CDG Aeronautical Investor Aerolima Engine maintenance area 2016 4,700 CDG Aeronautical Developer Aérostructure Maintenance 2016 19,000 Total of ongoing projects to be delivered before 2020 47,300 CDG Diversification Developer MIscellaneous Warehouse 2016 1,000 CDG Diversification Investor Miscellaneous Offices 2016 700 ORY Diversification Developer Accor Hotels 2016-17 15,000 CDG Diversification Investor Headquarters Offices 2016 17,100 CDG Diversification Investor Baïkal Offices 2018 13,500 Total of future projects to be delivered before 2020 124,000 18
INTERNATIONAL AND AIRPORT DEVELOPMENTS Q1 2016 Revenue In m ADP Management Revenue: +23.4% 22 4 18 3 ADP Ingénierie revenue (+20.4%): + 3m First missions in Santiago de Chile airport Gain of new projects especially in the Middle- East 2016-2019 period backlog: 79m ADP Management revenue (+38.5%): + 1m ADP Ingénierie 15 18 First works in Santiago de Chile airport Increasing activity with SETA in Mexico Q1 2015 Q1 2016 19
OTHER ACTIVITIES Q1 2016 Revenue In m Revenue: +7.0% Hub One (+9.3%): + 3m Growth in activity of the Mobility Division Hub Safe 48 17 52 18 Hub Safe (+2.9%): + 1m Safety market in Nantes airport since June 2015 Hub One 31 34 Q1 2015 Q1 2016 20
Disclaimer This presentation does not constitute an offer of, or an invitation by or on behalf of Aéroports de Paris to subscribe or purchase financial securities within the United States or in any other country. Forward-looking disclosures are included in this press release. These forwardlooking disclosures are based on data, assumptions and estimates deemed reasonable by Aéroports de Paris. They include in particular information relating to the financial situation, results and activity of Aéroports de Paris. These data, assumptions and estimates are subject to risks (such as those described within the reference document filed with the French financial markets authority on 31 March 2016 under D-16-0248 and uncertainties, many of which are out of the control of Aéroports de Paris and cannot be easily predicted. They may lead to results that are substantially different from those forecasts or suggested within these disclosures. About Groupe ADP Groupe ADP builds, develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2015, Aéroports de Paris handled more than 95 million passengers and 2.2 million metric tonnes of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and more than 55 million passengers in airports abroad through its subsidiary ADP Management. Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernising its terminal facilities and upgrading quality of services; the group also intends to develop its retail and real estate businesses. In 2015, Group revenue stood at 2,916 million and net income at 430 million. Registered office: 291, boulevard Raspail, 75014 Paris, France. A public limited company (Société Anonyme) with share capital of 296,881,806. Registered in the Paris Trade and Company Register under no. 552 016 628 RCS Paris. Investor Relations Aurélie Cohen Tel : + 33 1 43 35 70 58 Mail : invest@adp.fr Website: finance.groupeadp.fr Pictures Groupe ADP A. Leduc 21