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
8 th European airport for cargo traffic. ADP International has specific rights via partnership agreements. ADP International renewed these agreements for a 15 years term in 2015; ◆ Guinea: a 29% stake in the Guinean company Société Guinéenne de Gestion et d’Exploitation de l’Aéroport de Conakry (SOGEAC), in addition to a technical support contract for the management of the airport that is valid until November 2018. ADP International is assisting SOGEAC with work to upgrade its facilities. The airport welcomed 0.5 million passengers in 2017, an increase of 23.8%; ◆ Saudi Arabiam: a 5% stake in the Saudi company Matar since 2007, whose corporate purpose is to carry out the operation andmaintenance of the Hajj terminal at Jeddah airport, which receives religious traffic. At the same time, ADP International signed a technical support contract with the Hajj terminal operator in 2007. The contract was renewed in December 2017 for a period of one year until 31 December 2018. The Hajj terminal welcomed 7.9 million passengers in 2017, a slight increase of 2.9% compared with 2016; ◆ Jordan: a 9.5% stake in the Jordanian company AIG, which holds the concession for Queen Alia International airport in Amman, since 2007. With a 25 years term, the concession contract provides for the redevelopment of the existing terminal and the construction of an additional terminal with a capacity of 12 million passengers. The first phase of construction (7 million passengers) was completed in February 2013. The second phase, which is expected to increase capacity to 12 million passengers, began in December 2013 and was delivered in July 2016. ADP International also owns 100% of the Jordanian company Jordan Airport Management (JAM) which is responsible for the terminal operation for the duration of the concession. The airport welcomed 7.9 million passengers in 2017, an increase of 6.8%; Groupe ADP signed on 22 December a contract to take exclusive control on Airport International Group (“AIG”), concessionaire of Queen Alia International airport, Amman; ◆ Republic of Mauritius: a 10% stake in ATOL (Airport Terminal Operations Limited), the company holding the concession for the new terminal at the Republic of Mauritius International airport, since 2008. With a 15 years duration, the concession contract provides for the construction and management of a new 4.5 million passenger capacity terminal which was commissioned in September 2013. ADP International also signed a technical support contract with ATOL in August 2008 for project follow-up and the commissioning and management of the new terminal. The contract was renewed in August 2016 for a period of three years. The airport welcomed 3.7 million passengers in 2017, an increase of 5.4% compared with 2016; ◆ Croatia: the consortium ZAIC-A Ltd, the sole shareholder of the company holding the concession, MZLZ (Medunarodna Zracna Luka Zagreb d.d.), joining forces with Aéroports de Paris Management (20.8% of the share capital), TAV Airports (15.0%), Bouygues Bâtiments International, the Croatian company Viadukt, Fonds Marguerite and IFC (a member of the World Bank Group), was appointed in April 2012 by the Croatian government as the successful bidder of the concession contract for Zagreb airport. The financing agreements were signed on 4 December 2013. The project was for a new 65,000 sq.m. terminal designed to accommodate 5 million passengers by 2016, replacing the current terminal. The new terminal was delivered in December 2016 and its opening took place in March 2017. ADP International, in partnership with TAV Airports, will provide technical assistance for the entire airport for 30 years. The airport welcomed 3.1 million passengers in 2017, an increase of 11.8%; ◆ Chile: Sociedad Concesionaria Nuevo Pudahuel, a company under Chilean law in which ADP International, VINCI Airports and Astaldi hold respective stakes of 45%, 40% and 15%; the concession for Santiago International airport was assigned for a 20 years term on 5 May 2015. It is the historic basis for the company LAN Chile. Nuevo Pudahuel took over management of the airport on 1 October 2015 at the end of the previous concession and will provide the funding, design and construction of a new 175,000 sq.m., terminal which will increase the
airport’s capacity to 30 million passengers, with potential for expansion beyond 45 million. ADP International provides technical support to the company holding the concession via a technical support contract valid until 2035. The airport welcomed 21.4 million passengers in 2017, an increase of 11.6% compared with 2016, almost half of which were international passengers; ◆ Madagascar: since November 2016, ADP International has had a 35% stake in the Madagascar-registered company Ravinala Airports which has the concession to operate the Antananarivo and Nosy Be airports. These airports welcomed 1.1 millions passengers in 2017; ADP International sold its 25.5% stake in the Mexican company Servicios de Tecnologia Aeroportuaria (SETA), a strategic partner of the airport management company Grupo Aeroportuario del Centro Norte (GACN), in October 2016. ADP International will maintain a technical assistance contract for a period of two years until end 2018. ADP Ingénierie Presentation ADP Ingénierie a global leader in airport design, is a wholly owned subsidiary of ADP International Its core activity is designing and undertaking international development and infrastructure projects, in the airport sector. It provides a range of consultancy, project contracting assistance and supervision services (studies and supervision of works), as well as project management services related to French delegated project contracting assignments. ADP Ingénierie accompanies customers throughout the airport life cycle: ◆ during the upstream planning and programme phase, by conducting several types of technical and economic studies (feasibility studies, traffic forecasts, dimensioning of facilities, site plans) and consultancy for potential private and public investors; ◆ during the initial design phase, by performing preliminary design work (which covers the initial definition of technical elements, the assessment of project costs, the determination of the architectural style of buildings and their geometric characteristics); ◆ during the detailed design and preparation of contractors’ tender documents phase, in order to define in detail technical specifications, the technical features of the facilities, the provisional project cost and the estimated timeframe for the completion of work; ◆ during the construction phase, through assistance assignments and/ or the steering of supervision of works and the commissioning of the facilities for the purpose of securing the project realisation conditions; ◆ during the airport operations phases via consulting and studies for the transformation or optimisation or upgrading to standards of existing infrastructure. ADP Ingénierie has expertise in all of the main airport disciplines and also seeks to be a long-term partner for its clients and to anticipate their needs. The company has over 700 references in over 130 countries and more than 17 years experience and it currently manages about 100 projects. The company primarily works with international customers: over 85% of its revenue is from outside France. It has branches in the Middle East, Africa, Latin America and Asia. The company’s restructuring carried out in 2017 has strengthened the presence in Asia with the creation of an Asia-Oceania business unit, which is gaining momentum by building on the existing Hong Kong office. In France, activity is primarily focused on advanced airport expertise in systems, planning and the management of complex flows. At end December 2017, approx. 400 employees were deployed in 16 countries. At the end of 2017, ADP Ingénierie’s backlog amounted to €61 million. Order intake accelerated in 2017, especially in the second half of the year. Asia and Africa account for most of this increase.
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AÉROPORTS DE PARIS REGISTRATION DOCUMENT 2017
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