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

Second condition: in the event that at the end of the calendar years subsequent to 2016, investment expenditure on the regulated scope, cumulative since 1 January 2016, does not reach 75% of the planned amount. Subject to the application of these conditions, and at the request of one of the Parties, where it believes that the new situation represents a substantial change to the economic conditions of the contract, they will agree to seek an amicable agreement on the principle and procedure for revising the Economic Regulation Agreement. In the case of an amicable agreement, the Parties will revise the contract within a timeframe of two months, with this timeframe starting, if required, from the date of the Airport Consultative Committee opinion (as laid down by article R. 224-4 of the French Civil Aviation Code). If no amicable agreement is reached within a period of one month following the request by the applicant Party, the Minister in charge of Civil Aviation will contact the Airport Advisory Committee within two weeks with regard to the principle and procedure for revising the contract. If the Airport Consultative Committee is of the opinion that it is necessary to revise the contract, the revision procedure will be implemented in line with this opinion and the Parties will revise the contract within a timeframe of two months, with this timeframe starting, if required, from the date of the Airport Consultative Committee opinion, as laid down by article R. 224-4 of the French Civil Aviation Code. In addition, at the request of one of the Parties, where it believes that there are exceptional and unforeseeable circumstances other than those mentioned above, and which represent a fundamental shift in the contract economics, requiring the contract to be amended or terminated, they agree to seek an amicable agreement on the need for amendment or an early termination of the contract. In the event of an amicable agreement on an amendment, the Parties will also determine the preparation procedure. If no amicable agreement is reached within a period of one month following the request by the applicant party, the Minister in charge of Civil Aviation will consult the Airport Advisory Committee within two weeks with regard to the principle and procedure for revision or an early end to the contract. If the Airport Consultative Committee is of the opinion that it is necessary to revise the contract or that it is advisable to bring it to an end, the Ministers in charge of Civil Aviation and the economy will order the contract to be revised or brought to an early end, in line with the procedures recommended by the committee. In the event that this contract is terminated early, and unless the Parties agree otherwise, the fee rates will remain in force until the end of the pricing period stipulated by the contract. Security Description of security activities Government authorities are responsible for organising airport security and can delegate its implementation to airport operators or other stakeholders. Under the authority of the Prefect of police of Paris, assisted by a Deputy Prefect for the safety and security of airports and under the supervision of government authorities, Aéroports de Paris is required to put the following in place: ◆ a security check and screening system for 100% of passengers (passage through a gate containing a metal detector) and all cabin baggage and personal effects (examined by X-ray). Since 31 January 2014, the checking of liquids, aerosols and gels using explosive detection equipment suitable for these types of products. Since 1 September 2015, security checkpoints have new equipment also enabling explosive detection on both passengers and cabin baggage; ◆ a security check system for hold baggage that ensures security checks of 100% of hold baggage according to procedures defined by

It also consists of the simplification of the fee for providing 400 Hz electrical power infrastructures and the elimination of the criteria related to the origin/destination of the aircraft. In addition, Aéroports de Paris renewed all pricing discounts as well as the calculation processes and the 2016 allocation conditions for the incentive measures for traffic growth and better infrastructure use. The 2017 cap on each of the three incentive measures was set at €5.05 million by applying a 0.97% index to the 2016 cap. In addition, the discount on the assistance fee for disabled and mobility- impaired passengers was implemented. It is decreased based on the reporting rate with a notice period of at least 36 hours for airlines at the The basic cap rate corresponds to a 2.125% increase in the 2018 baseline tariffs (change in inflation between August 2016 and August 2017) with an uplift of 1.25 points, to which the adjustment factors are applied: ◆ quality of service corresponding to a +0.1213% bonus; ◆ traffic: determined at 0%, the traffic generated being in the buffer zone of ERA’s reference traffic; ◆ investments (INV1) established at 0% linked to the opening of the East Pier in advance of the objective set out in the ERA. The maximum change in 2018 tariffs is therefore +2.249% compared to the 2017 baseline tariffs, i.e . +2.80% compared with the 2017 effective tariffs. Aéroports de Paris submitted the following average annual fee changes for an opinion from the Consultative Economic Commissions and for the approval of the French government: ◆ 2.125% at Paris-Charles de Gaulle airports and Paris-Orly, for fees submitted to the ERA 1 ; ◆ 2.8% at Paris-Le Bourget airport. For the 2018 pricing period, Aéroports de Paris retained a uniform change in percentage of the landing and parking fees per passenger. In addition, Aéroports de Paris decided to renew all the pricing discounts as well as the calculation processes and the 2017 allocation conditions for the incentive measures for traffic growth and better infrastructure use. The 2018 cap on each of the three incentive measures was set at €5.16 million by applying a 2.125% index to the 2017 cap. Revision or early termination of the contract In the case of one of the following conditions being met, the Parties agree to examine the need for revising the contract in line with the procedures set out below. First condition: relating to the measurement of traffic, assessed using the indicator QT(n), defined in the following manner: QT(n) = PAX (n-1) where: PAX (n-1) is the number of non-transit commercial passengers boarding or disembarking during the period between 1 September in year “n-2” and 31 August in year “n-1” at Paris-Charles de Gaulle and Paris-Orly airports. An examination of the need to revise the contract would apply in the case of this indicator exceeding, for three consecutive years, the value QTMM(n) defined below, or remaining, for three consecutive years, below the value QTmm(n): 2020 QTMM(n) 98,420,000 102,876,000 107,215,000 111,856,000 QTmm(n) 94,837,000 95,336,000 95,548,000 95,858,000 Paris-Charles de Gaulle airport. For the 2018 pricing period N 2017 2018 2019

06

1 Any change in the fees listed in Article III.2.1 of the CRE is subject to the ceiling provided for in Article III.2.3 of the CRE, with the exception of the fee for assistance to people with disabilities and reduced mobility.

63

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017

Made with FlippingBook Online newsletter