ADP_REGISTRATION_DOCUMENT_2017

FINANCIAL INFORMATION ON ASSETS, FINANCIAL POSITION AND RESULTS

RESEARCH AND DEVELOPMENT, PATENTS AND LICENCES

INFORMATION CONCERNING TRENDS

PROFIT FORECASTS

ADMINISTRATION AND EXECUTIVE MANAGEMENT BODIES

COMPENSATION AND BENEFITS OF CORPORATE OFFICERS

FUNCTIONING OF THE BOARD OF DIRECTORS AND MANAGEMENT BODIES

SOCIAL, ENVIRONMENTAL AND SOCIETAL RESPONSIBILITY INFORMATION

MAIN SHAREHOLDERS

OPERATIONS WITH RELATED PARTIES

For information, the result contributed by TAV Airports since 7 July 2017 to the Group consolidated income statement breaks down as follows:

2017 616 280 (143)

(in millions of euros)

Revenue EBITDA

Amortisation & Depreciation

Share of profit or loss in associates and joint ventures from operating activities

11

Operating income from ordinary activities

149 149

Operating income Financial income Income before tax Income tax expense

(60)

88

(19)

NET INCOME

70 29

NET INCOME ATTRIBUTABLE TO THE GROUP

As from 29 September 2017, as Groupe ADP holds 20% of Hub Safe shares, its investment is accounted under equity method in the consolidated financial statements of the Group considering that the Group kept a significant influence. 2.4 Profit linked to the Hub Cargo buildings (Fedex) As part of the “extension 2” project, FedEx informed the Groupe ADP of its interest to develop a European Hub. This project resulted in the conclusion of contracts providing for: ◆ a construction lease for the realization by an investor of an additional sorting building; ◆ the extension of existing leases until 5 september 2048; ◆ the leasing of new areas for storing equipment. In the event of termination of the leases by Fedex, contract terms provide compensation to Aéroports de Paris SA of the remaining rental due until the end of the contract. In accordance with IAS 17 – Leases, the leasing of buildings is similar to a finance lease, given the transfer to Fedex of all the risks and benefits related to the construction. In addition: ◆ the term of the leases corresponds to the economic life of the leased assets; ◆ the discounted value of the minimum lease payments amounts to substantially all of the fair value of the leased asset. Therefore, in the Group’s consolidated financial statements, the contract appears as a credit sale and results in a pre-tax gain of €63 million for the period. This gain on disposal is disclosed under the line “Other operating income” and the corresponding receivable under “Financial assets”.

2.2 Disposal of TAV Construction As of December 2016, Groupe ADP initiated a plan to sell all of its stake in TAV Yatirim Holding (“TAV Investment”), representing 49% of the capital of this holding, which holds 100% of TAV Yatirim Holding A.Ş. (“TAV Construction”). As such, TAV Construction had been reclassified as “Assets held for sale” at 31 December 2016. Together with the acquisition of 8.12% of TAV Airports’ shares on 7 July 2017, Groupe ADP proceeded with the sale of its 49% stake in TAV Investment to Sera Yapi Endustrisive Ticaret A.Ş. and Tepe İnşaat Sanayi A.Ş. for an amount of €9 million. The net gain on disposal amounts to €12 million and is disclosed under the line “Share of profit or loss in associates and joint ventures from operating activities”. 2.3 Disposal of 80% of the subsidiary Hub Safe On 29 September 2017, Groupe ADP finalized the sale to Groupe Samsic of 80% of its shares in its subsidiary Hub Safe, specialized in airport security, after procurement of the required regulatory approvals. Groupe ADP will remain a shareholder with a 20% stake in Hub Safe. This disposal underlines the desire of Groupe ADP to entrust the control of Hub Safe to a partner that would set the airport security at the heart of its strategy and that could reinforce its expertise as well as its technical and financial means to ensure its development and sustainability. At the request of Groupe ADP, the final disposal includes the retention of the ongoing contracts signed between Aéroports de Paris SA and Hub Safe, contracts that will last until 2023. At this date, a put and call option agreement will be exercisable, allowing for the sale of the remaining 20%. The disposal resulted in a pre-tax gain of €27 million, net of selling costs. The result of this transaction is disclosed under the line “Other operating income and expense”.

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017