ADP_REGISTRATION_DOCUMENT_2017

ORGANISATION CHART

BUSINESS OVERVIEW

PERSONS RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT

STATUTORY AUDITORS

SELECTED FINANCIAL INFORMATION

RISK FACTORS

INFORMATION ON THE COMPANY

REAL ESTATE ASSETS AND FACILITIES

REVIEW OF THE FINANCIAL POSITION AND INCOME

EQUITY AND CASH FLOWS

Growth in passenger traffic on the Paris-Orly platform (in millions of passengers)

The new VIP pavilion was commissioned in March 2017. The airport also offers significant opportunities for real-estate development, the majority of which is diversification real estate. Work on the extension of Hall 1 of the West terminal has started and will be completed in July 2018 Work on the redevelopment of the departure process of the South terminal has started. The main purpose of this project is to bring the luggage processing system up to international standards (called “Standard 3” in terms of security). The principal step of commissioning will take place in March 2020. A suitable infrastructure Runways There are three runways at Paris-Orly with a scheduling capacity of 72 aircraft movements per hour. Runways 3 and 4 can accommodate A380s. In 2017, there were 229,027 aircraft movements at Paris-Orly airport. The airport has 71 aircraft parking stands, 56% of which are contact stands. The 2017 use of contact stands for departure was around 88.6%. Nominal capacities of Paris-Orly terminals At the end of 2017, the nominal capacity of the terminals was 29 million passengers. The projects for improving existing terminals (extension of the East Pier, extension of Hall 1, redesign of the international departure process of the South terminal of Paris-Orly) or creating new infrastructure (connecting building) aim at increasing the capacity of the Paris-Orly airport fromApril 2019 to 32.5 million passengers, while raising the service quality level. Regulatory constraints Traffic at Paris-Orly airport is subject to two regulatory constraints. An Order of the Ministry of Infrastructure, Transport and Tourism of 6 October 1994 limits the Paris-Orly airport to 250,000 aircraft movements (take off/ landing) per year. In 2017, the number of aircraft movements was 229,027, down 2.3% compared with 2016. Moreover, since 1968 there has been a night-time curfew on the airport between. 11.15 p.m. and 6.00 a.m. for take-offs and between 11.30 p.m. and 6.16 a.m for landings Traffic Paris-Orly airport’s traffic is mainly origin/destination traffic. In 2017, however, connecting passengers accounted for about 6.8% of departing traffic, or more than 1.1 million passengers. Over the last seven years, passenger traffic at Paris-Orly has been steadily growing, with record passenger traffic levels since 2013. There has also been a change in structure, with strong growth in European traffic offset by a fall in domestic traffic, particularly because of the cap of 250,000 landing and take-off slots attributable each year, as well as the impact of the TGV high-speed train on domestic flights. The South-Eastern LGV line was commissioned on 1 July 2017. This change has been accompanied by an increase of nearly 22.8% in the number of passengers per aircraft since 2009, with an average of 140 passengers in 2017, versus 114 passengers in 2009. During this period, the size of the modules used at the airport has constantly increased. (in millions of passengers/year) In 2017 In 2006 South terminal West terminal 12.5 16.5 10.5 16.5 27.0 TOTAL 29.0

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International (non-Europe) Europe Domestic

Passenger traffic by type of airline at Paris-Orly in 2017

06

oneworld Alliance 2.6%

Star Alliance 2.8%

Skyteam Alliance 33.2%

Other airlines 23.7%

Low-cost airlines 37.8%

The main airlines operating out of Paris-Orly are Air France 1 (32.5% of the traffic), Transavia.com (14.7%), easyJet 2 (10.4%), Vueling (8.7%), and Aigle Azur (3.8%). Access to the airport The Paris-Orly airport is located at the junction of the A6 and A10 motorways and close to the motorway A 86. It is also served by an RER commuter railway line that links with Orlyval, a dedicated automated metro line. Line 7 of the tramway was commissioned on 16 November 2013 and directly connects the airport and the future “Cœur d’Orly” 3 business district to line 7 of the Paris metro. Phase 2 of the project (extension to Juvisy) is currently being studied.

1 Air France-KLM, Hop! 2 EasyJet Airlines Co and EasyJet Switzerland. 3 See the section on “Real estate activities” in this Chapter.

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017

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