REVIEW OF THE FINANCIAL POSITION AND INCOME 09 HIGHLIGHTS OF THE 2017 FINANCIAL YEAR
New appointments within Groupe ADP Augustin de Romanet, Chairman and Chief Executive Officer of Groupe ADP, announces the following appointments on 1 August 2017: ◆ Franck Mereyde is appointed Deputy CEO of TAV Airports, in accordance with Sani Sener, CEO of TAV Airports, effective 1 September 2017; ◆ Marc Houalla is appointed Director of Paris-Orly Airport, and joins Groupe ADP’s Executive Committee, effective 15 October 2017. These appointments are part of the Connect 2020 strategic plan, which has led to the creation on 1 July 2017 of the Operations Division (DGO) headed by Franck Goldnadel and of ADP International, headed by Antonin Beurrier. As part of his new duties, Marc Houalla will work in coordination with the Operations Division. Revision of TAV Airports 2017 forecasts On 24 October 2017, during the publication of their results for the first nine months 2017, TAV Airports Group revised its forecasts for 2017 to reflect the better than expected recovery of traffic: ◆ Istanbul Ataturk Airport international passenger traffic : growth of between 4 and 6% in 2017 compared with 2016 ( vs between +1 and +3% previously); ◆ Istanbul Ataturk Airport international origin/destination passenger traffic : growth of between 6 and 8% in 2017 compared with 2016 ( vs flat previously); ◆ Total TAV Airports passenger traffic : growth between 6 and 8% in 2017 compared with 2016 ( vs +4 and +5% previously); ◆ Revenue : growth expected between 1 and 3% in 2017 compared with 2016 ( vs flat previously); ◆ EBITDAR : growth expected between 6 and 8% in 2017 compared with 2016 ( vs flat previously). Net profit and capex forecasts remain unchanged.
Groupe ADP signed a contract to take exclusive control on AIG, concessionaire of Amman Airport, Jordan Groupe ADP signed on 22 December a contract to take exclusive control on Airport International Group (“AIG”), concessionaire of Queen Alia International Airport in Amman, Jordan. The co-shareholders will be Meridiam, ASMA Capital Partners B.S.C. (c), acting in its capacity as investment manager for IDB Infrastructure Fund II and Edgo. With this take over, Groupe ADP, which has been a 9.5%-shareholder of AIG, through ADP International, since 2007, will be able to fully consolidate the financial statements of the concessionaire company. This transaction results in an investment of USD267 million for Groupe ADP. The completion of the transaction is subject suspensive conditions including the Government of Jordan and AIG’s Lenders consents. Queen Alia airport welcomed 7.4 million passengers in 2016 and was named the best airport of its size (5-15 million passengers) in the Middle East by the Airport Council International (ACI) based on the results of the 2016 Airport Service Quality (ASQ) Survey, the world’s leading airport passenger satisfaction benchmark program. €500 million new bond issue On 6 December 2017, Aéroports de Paris launched a bond issue for a total amount of €500 million with the following characteristics:
◆ format: Fixed rate; ◆ redemption: in fine; ◆ annual rate: 1.0%; ◆ re-offer spread: 25 bp over mid swap; ◆ re-offer yield: 1.036%; ◆ payment date: 13 December 2017; ◆ maturity date: 13 December 2027.
Aéroports de Paris is rated A+ (stable outlook) by Standard and Poor’s. This bond was issued on 13 December 2017 and will have to be reimbursed on 13 December 2027.
AÉROPORTS DE PARIS REGISTRATION DOCUMENT 2017
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