ADP_REGISTRATION_DOCUMENT_2017
ORGANISATION CHART
RISK FACTORS
PERSONS RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT
STATUTORY AUDITORS
SELECTED FINANCIAL INFORMATION
INFORMATION ON THE COMPANY
BUSINESS OVERVIEW
REAL ESTATE ASSETS AND FACILITIES
REVIEW OF THE FINANCIAL POSITION AND INCOME
EQUITY AND CASH FLOWS
Risks related to the competitive environment
RISK IDENTIFICATION
RISK MONITORING AND MANAGEMENT
Changes in the air traffic market are regularly analysed by the strategic analysis unit of the Finance, Management and Strategy Division. The objective of the CONNECT 2020 strategic plan is to win market share through a proactive search for traffic, in particular by the business development unit within the Customer Division. In addition, the implementation of incentive measures aims to attract companies and develop passenger and cargo traffic. Groupe ADP has also reinforced its partnership with Atout France, the Paris City Hall and the Ile-de-France region in order to promote the attractiveness of Paris and France.
Groupe ADP’s Ile-de-France region platforms are in competition with: other major airports specialising in correspondence platforms ( hubs ) located in Europe and the Middle East; the major European airports with competitive tariff policies to attract intercontinental routes; airports serving the Ile-de-France region for low-cost airline traffic; high-speed trains for journeys of less than three hours from Paris. Platform attractiveness is a major challenge for the group. Please refer to the paragraph in Chapter 6 on “Competition” of the 2017 Registration Document. The AF-KLM 1 group, member of the SkyTeam Alliance, is the leading customer of Groupe ADP’s platforms in the Ile-de- France region. In 2017, it represented around 21.0% of Aéroports de Paris’ revenue and 51% of passenger traffic at Paris-Charles de Gaulle and Paris-Orly airports. A change in AF-KLM group’s strategy, particularly in the organisation of its connection network with the closure or transfer of some of its activities (passengers, cargo, maintenance), a significant change in its passenger typology, financial difficulties, a worker strike or a deterioration in the quality of its services could have a material impact on Aéroports de Paris’ results. Risks related to the customer portfolio structure RISK IDENTIFICATION
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RISK MONITORING AND MANAGEMENT
A policy of active development of connections to and from Paris (see “Risks related to the competitive environment”) as well as a commitment to improve the quality of services to match that of the best European airports aim to attract new airlines and thus diversify its customer portfolio and reduce Groupe ADP’s dependence on the AF-KLM group.
1 Air France-KLM, Hop!, Transavia.
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AÉROPORTS DE PARIS REGISTRATION DOCUMENT 2017
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