ADP // 2021 Universal Registration Document
PRESENTAT I ON OF THE GROUP 1 GROUP ACTIVITIES
Mobilisation of the airport community In addition, an approach was launched around the symmetry of interests in the spring of 2019: creation of a working group with 25 HR departments of our partners from the 20 largest companies (retail, catering, reception and security) operating in Paris-Orly and Paris-CDG around the challenges of employability and the employee experience. The themes explored are business lines, sourcing and recruitment, the working environment and conditions, customer culture, values, ethics & emotionality. Throughout 2020, the HR community continued to mobilise around employment issues. It is continuing its work by taking into account the new health situation, and has reconsidered customer attitudes and enriched our “ Paris vous Aime ” promise in a sustainable way. The Community is also committed to the two major challenges, providing social support and giving new perspective through the transformation of our hospitality businesses. A reception skills framework specific to the airport business lines and reflecting the hospitality goal was created in 2021. This collective work made it possible to share a common vision of “hospitality”, the identification of cross-functional skills in the Customer Relations professions, useful for the embodiment of ambition, and the analysis of the necessary skills today and tomorrow in terms of customer relations. The framework is a “common” support for HR recruitment and operational management tools. Twenty key and
cross-functional skills have emerged, divided into five thematic areas (self-knowledge, image/posture, speech/language, airport environment/team work, creation of a link with the client) which are prioritised according to four levels: fundamental skills prior to hiring/immediately afterwards/advanced skills/expert. 1.1.3.7 Activities of commercial subsidiaries Groupe ADP receives income from the retail subsidiaries based on their turnover which is recorded under retail activities. As regards Société de Distribution Aéroportuaire and Relay@ADP, the results of these two subsidiaries have been fully consolidated in the financial statements of Groupe ADP since April 2019. The Société de Distribution Aéroportuaire and Relay@ADP contracts expire on 12/31/2022. For EPIGO, the share of income from subsidiaries is recorded as operating income from ordinary activities, between EBITDA and the operating income from ordinary activities (ROC) in Groupe ADP’s consolidated financial statements. In 2021, the Group selected Select Service Partner (SSP) to form a catering joint venture to operate a majority of the points of sale (for more details, see Section 1.1.3.2). above). In addition, a call for tenders for the selection of a co-partner in another project is underway.
2021 383.7
2020 261.2 224.6
2021/2020
(in millions of euros)
SALES OF RETAIL SUBSIDIARIES (100%) Société de Distribution Aéroportuaire
+54% +39% +119%
311.3 35.8
Relay@ADP
16.3
NET INCOME OF RETAIL SUBSIDIARIES (100%)
(24.5) (14.4)
(82.0) (58.1)
N/A N/A N/A
Société de Distribution Aéroportuaire
Relay@ADP
(3.2)
(14.5)
Société de Distribution Aéroportuaire PRESENTATION
or the bankruptcy or reduction in the capital of the partner in question to below the legal minimum. In addition, Groupe ADP can potentially exclude Lagardère Duty Free should Lagardère Travel Retail Group lose control of Lagardère Duty Free or in the event of the termination or expiry of all contracts drawn up with Groupe ADP setting out the terms of the Company’s presence within the Paris-Charles de Gaulle and Paris-Orly airports. Groupe ADP and Lagardère Duty Free have set up a joint, balanced management framework through several governance bodies: ◆ a Chairmanship held by the legal entity SARL ADPLS Présidence, where the two joint managers are a representative of Lagardère Travel Retail and a representative of Groupe ADP; ◆ a collective body known as the “Council”, which consists of four representatives for each partner, as well as the Chairmanship of Société de Distribution Aéroportuaire; and ◆ an Executive Management team, whose role is to manage Société de Distribution Aéroportuaire from an operating standpoint.
In parallel with the leasing of retail space, Groupe ADP is also involved in the direct management of retail space though its subsidiary Société de Distribution Aéroportuaire, a French simplified joint stock company (SAS), in partnership with airport distribution specialist Lagardère Duty Free, a subsidiary of the Lagardère Travel Retail group. Société de Distribution Aéroportuaire sells alcohol, tobacco, perfume-cosmetics, gourmet food, fashion and accessories and photo-video-sound. According to the current Articles of Association, each partner holds 50% of the capital and has rights to 50% of the Company’s earnings and reserves. Since 30 April 2013, Société de Distribution Aéroportuaire shares have been freely transferable subject to the provisions concerning pre-emptive rights and the approval of the partner of the transferee of the shares. Moreover, the Articles of Association for Aéroports de Paris allow for each of the partners to exclude the other partner and force the sale of its shares in the case of violation of a clause in the Articles of Association,
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AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 202 1
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