Aeroports de Paris · EURONEXT:ADP
Aeroports de Paris — Groupe ADP — 9M 2017 Earnings Presentation
22 slides from Aeroports de Paris's earnings presentation, Oct 26, 2017
Slide 1: 2017 9-Month Revenue
2017 9-MONTH REVENUE 26 October 2017
Slide 2: Dynamism of Paris Aéroport and Groupe ADP traffic in 9M 2017
DYNAMISM OF PARIS AEROPORT AND GROUPE ADP TRAFFIC IN 9M 2017 GOOD PERFORMANCE OF INTERNATIONAL TRAFFIC IN PARIS AND STRONG GROWTH IN TAV AIRPORTS GROUP / ADP VS PEERS mPax 9M 2017/9M 2016 Paris-CDG+ORY 77 +4.7% Strong growth at both Paris Aéroport airports: London-Heathrow 59 +3.1% CDG: +5.4%, t
Slide 3: 9M 2017 traffic growth at the Paris airports driven by LCCs and international traffic
9M 2017 TRAFFIC GROWTH AT THE PARIS AIRPORTS DRIVEN BY THE DYNAMISM OF LCCS (+9.6%) AND THE GOOD PERFORMANCE OF INTERNATIONAL TRAFFIC (+6.4%) Total Paris traffic International traffic(1) Connecting rate(2) Load factor 77.3 mPax 39.9% 22.8% -0.9pt 87.9% +4.0pt + 4.7 % +6.4% France Europe North Americ
Slide 4: Retail activity growth driven by airside shops and bars & restaurants
RETAIL ACTIVITY GROWTH DRIVEN BY THE PERFORMANCE OF AIRSIDE SHOPS AND BARS & RESTAURANTS 9M 2017 SALES/PAX UP SLIGHTLY BY 0.3% AT €17.8 / RETAIL ACTIVITIES GROWTH IN 9M 2017: +4.2% / 9M 2017 RETAIL SALES/PAX(1) Duty Paid In €m In €/pax Duty Free Others retail activities: +1.4% Airside shops: +5.0% +
Slide 5: 9M 2017 revenue up 2.6% to €2,254M before full consolidation of TAV Airports
9M 2017 REVENUE UP BY +2.6%, TO €2,254M BEFORE FULL CONSOLIDATION OF TAV AIRPORTS REVENUE GROWTH DRIVEN BY AVIATION, RETAIL ACTIVITIES AND OTHER ACTIVITIES OVER 9M 2017 Revision on internal rents (no impact on Group revenue) 2,596 3 3 2 2 343 11 12 2,254 8 2 6 10 20 15 40 2,198 +2.6% -32.9% before
Slide 6: Consolidation of TAV Airports
CONSOLIDATION OF TAV AIRPORTS Groupe ADP has fully consolidated TAV Airports since July 2017, consequently to its Consolidation of TAV stake increase up to 46.12%(1) Airports The contribution of TAV Airports is accounted for in the International and airport developments segment and amounted to €
Slide 7: Appendices
APPENDICES
Slide 8: Return to growth for all our core activities
RETURN TO GROWTH FOR ALL OUR CORE ACTIVITIES AVIATION FEES, RETAIL & SERVICES AND OTHER ACTIVITIES DROVE GROWTH IN 9M 2017 Aviation fees up by 5.3% thanks to the dynamism of LCCs €m +4.4% (+9.6%) and the performance of international traffic 1,372 (+6.4%) Aviation 1,315 Ancillary fees up 6.1%, dr
Slide 9: Aviation: 9M 2017 revenue
AVIATION 9M 2017 REVENUE / Revenue (m€) +4.4% 1,372 Airport fees: +€40m 8 2 10 8 9 23 1,315 9M 2016 Passenger fees Landing fees Parking fees Ancillary fees Revenue from Other income 9M 2017 revenue airport safety revenue and security services 2017/2016 (in millions of euros) 9M 2017 9M 2016 change M
Slide 10: Aviation: group traffic by airport in 9M 2017
AVIATION GROUP TRAFFIC BY AIRPORT IN 9M 2017 Group traffic Stake-weighted traffic 9M 2017 / 9M 2016 Groupe ADP stake (million passengers) (mpax) change Paris Aéroport @100% 77.3 +4.7% Zagreb @20.8% 0.5 +11.2% Jeddah-Hajj @5% 0.3 +0.2% Amman @9.5% 0.6 +6.0% Groupe ADP Mauritius @10% 0.3 +6.2% Conakry
Slide 11: Aviation: monthly change in Paris Aéroport traffic
AVIATION MONTHLY CHANGE IN PARIS AÉROPORT TRAFFIC Q1 Q2 Q3 Q4 2017: + 5.0% 2017: + 5.0% 2017: + 4.2% 2016 : +4.9 % 2016 : + 1.9 % 2016 : + 1.2 % 2016 : -0.1 % Monthly mpax change 10 +10% +8% 9 +6% 8 +4% 7 +2% +0% 6 -2% 5 -4% Jan. Fev. Mar. April May June July Aug. Sept. Oct. Nov. Dec. 2016 passenger
Slide 12: Retail and services: 9M 2017 revenue
RETAIL AND SERVICES 9M 2017 REVENUE / Revenue (m€) Retail activities +1.6% 1 2 3 706 2 2 11 695 9M 2016 Airside shops Bars and Others Car parks and Industrial Rental income 9M 2017 restated restaurants access roads services revenue revenue revenue 9M 2016 2017/2016 (in millions of euros) 9M 2017 res
Slide 13: Retail and services: commercial rents and sales/pax
RETAIL AND SERVICES FOCUS ON COMMERCIAL RENTS AND SALES/PAX(1) OVER 9M 2017 / SALES/PAX IN 9M 2017 (€) : +0.3%, / RETAIL ACTIVITIES REVENUE TO €17.8 In m€ +4.2% +0.3% 342 32.7 32.4 328 Airside shops: +5.0% 216 227 17.8 17.8 Landside shops: +6.3% 12 12 Bars and restaurants: +5.9% 29 31 7.0 7.0 -2.3%
Slide 14: Real estate: 9M 2017 revenue
REAL ESTATE 9M 2017 REVENUE / Revenue (m€) External rents -6.1% 200 1 10 4 9 188 9M 2016 revenue Land Buildings Others Internal revenue 9M 2017 revenue 2017/2016 (in millions of euros) 9M 2017 9M 2016 change Main impacts Revenue 188 200 -6.1% Revenue : -€12m External revenue(1) 157 160 -1.9% Rev
Slide 15: Real estate: projects pipeline as at end of September
REAL ESTATE PROJECTS PIPELINE AS AT THE END OF SEPTEMBER 2017 Airport Segment ADP Role Operator Project Opening Floorspace (sq.m.) CDG Diversification Developer Sogafro/SDV Offices and warehouses 2016 37,500 Equipment maintenance CDG Aeronautical Investor Aerolima 2016 4,700 centre CDG Aeronautical
Slide 16: International and airports developments: 9M 2017 revenue
INTERNATIONAL AND AIRPORTS DEVELOPMENTS 9M 2017 REVENUE / Revenue (m€) +€321m 384 63 13 343 8 43 9M 2016 revenue ADP Ingénierie ADP International Before TAV Airports revenue 9M 2017 revenue full consolidation for July-Seot. period of TAV Airports 2017/2016 (in millions of euros) 9M 2017 9M 2016 chan
Slide 17: Impact of TAV Airports contribution on Groupe ADP's revenue
IMPACT OF TAV AIRPORTS CONTRIBUTION ON GROUPE ADP’S REVENUE SINCE JULY 2017, TAV AIRPORTS IS CONSOLIDATED IN THE INTERNATIONAL AND AIRPORTS DEVELOPMENT SEGMENT 9M 2017 2017/2016 change before full before full 9M 2017 9M 2016 consolidation of consolidation of TAV Airports TAV Airports (in millions of
Slide 18: Impact of full consolidation of TAV Airports on Groupe ADP's P&L
IMPACT OF THE FULL CONSOLIDATION OF TAV AIRPORTS ON GROUPE ADP’S P&L Capital gain Groupe ADP - Elimination of + H2 2017 P&L TAV A linked to 2017 P&L incl. H2 2017 share Total of TAV @ 100 % the transaction share of profit of profit of TAV full year 2017 occurring on of TAV @ 38% @ 38% 7 July 2017 In
Slide 19: International footprint – 9M 2017 passenger traffic
INTERNATIONAL AND AIRPORTS DEVELOPMENTS INTERNATIONAL FOOTPRINT – 9M 2017 PASSENGER TRAFFIC(1) France Schiphol Group (8%) Liège (25.6%) Zagreb airport (ADP 21% and Macedonia (100%) Georgia (76%) Paris-CDG: 52.9 mpax 52.1 mpax Strategic partner TAV 15%) Skopje & Ohrid: 1.5 mpax Tbilisi & Ba
Slide 20: Other activities: 9M 2017 revenue
OTHER ACTIVITIES 9M 2017 REVENUE / Revenue (m€) +9.3% 177 4 162 11 9M 2016 revenue Hub One Hub Safe 9M 2017 revenue (in millions of euros) 9M 2017 9M 2016 2017/2016 Main impacts Revenue 177 162 +9.3% Revenue: +€15m Hub One 114 103 +10.6% Increase in Hub One Mobility activity Hub Safe performan
Slide 21: CDG Express project: overall schedule
CDG EXPRESS PROJECT: OVERALL SCHEDULE 2014 2015 2016 2017 2018 End 2023 CDG Express Creation Launch of Traffic and Start of rail of project Feasibility Financial consultation Commissioning infrastructure network studies studies arrangements to appoint the of CDG Express studies works company operato
Slide 22: Disclaimer
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 forward-looking