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

Whereas the first two already have their workforce, the latter, born from the transformation of a sales office, continues to ramp up. This geographical proximity allows the company to understand its potential and current customers, their needs, the economic and cultural aspects that characterise them better and respond more quickly and effectively to their requests. ADP Ingénierie is renowned for designing airport projects in close liaison with the characteristics of the country in question, beyond meeting the immediate needs of the customer. A DESIRE TO BE PART OF A LONG-TERM PARTNERSHIP WITH CUSTOMERS 360° expert, only 100% airport player in the market, rich in experience from its affiliation to Groupe ADP, one of the leading airport operators, and boasting more than 700 achievements across the world, ADP Ingénierie aims to be the long-term partner of its customers. It also offers to support them throughout the airport life cycle: from help in defining needs, anticipating the next phase of development through project design, site supervision and audit and consultancy in the operating phase. A RENEWED SERVICE OFFER To do so, ADP Ingénierie has adapted to the changing requirements of increasingly demanding customers, while competition has increased, both in numbers and competitivity. Thus, the Company has renewed its service offer, offering aggregates of expertise to provide the most appropriate and detailed responses to customers. Their commercialisation began in the second half of 2017 and was immediately very well received: the “simulation flow” offer attracted the attention of Beijing Airport management and that of maintenance engineering at Paris-Orly airport as part of the South Terminal renovation project. Other offers are currently the subject of service requests. TECHNOLOGICAL INNOVATION ADP Ingénierie invited its employees and visitors to its stand at the Dubai Airshow in November 2017 to experience virtual reality (VR). It was based on the 3D modelling of several projects: hangar, control tower. The very positive feedback triggered a study of the added value that the introduction of VR into projects would generate for customers. The VR modelling of the Bahrain Regional Air Traffic Control Centre project was launched in late 2017 to be presented to the customer in February 2018. TAV Airports On 7 July 2017, Aéroports de Paris SA, parent company of Groupe ADP, acquired through its subsidiary Tank ÖWA alpha GmbH, 100% of the shares. Today, Groupe ADP holds 46.12% of the capital of TAV Airports (compared with 38% previously) which has been fully consolidated in Groupe ADP’s accounts since 7 July 2017 of Akfen Holding in TAV Havalimanları Holding A.Ş. (“TAVHavalimanları Holding” ou “TAV/Airports”) equivalent to 8.12% of TAV Airports’ shares for an amount of $160 million. Groupe ADP now owns 46.12% of TAV Airports’ capital (as opposed to Governance At 31 December 2017, TAV Airports’ shareholder structure was as follows:

38% previously), which has been fully consolidated in ADP’s financial statements since the second half of 2017. Description of TAV Airports TAV Airports is a leading airport operator in Turkey. It operates 17 airports and directly manages 16 airports throughout the world: Istanbul Atatürk, Ankara Esenboga, Izmir Adnan Menderes, Antalya Gazipasa and Milas-Bodrum in Turkey, since 2014 for the domestic terminal and October 2015 for the international terminal, Tbilisi and Batumi in Georgia, Monastir and Enfidha in Tunisia, Skopje and Ohrid in Macedonia, Medina in Saudi Arabia since July 2012 and Zagreb airport alongside ADP International. In 2017, the 50-50 consortium formed by TAV Airports and Al Rajhi Holding Group signed agreements to develop and operate in the airports of Qassim, Hail and Yanbu International airport in Saudi Arabia for 30 years. TAV Airports also manage the commercial areas at Riga international airport in Latvia. TAV Airports traffic increased by 9.8% in 2017, to 115 million passengers. TAV Airports’ main airport, Atatürk, is Europe’s 5 th largest airport, with 63.7 million passengers in 2017, down 5.5%. Through its subsidiaries, TAV Airports is also an operator in other airport service areas, like duty free, catering, ground-handling, IT, security and operating services. With a presence along the entire airport services value chain, the group’s integrated economic model is pivotal to its performance and economic success. TAV Airports includes: ◆ ten main subsidiaries in airport management activities: TAV Istanbul, TAV Ankara, TAV Izmir, TAV Gazipasa, TAV Bodrum and TAV Macedonia, which are 100% owned; TAV Georgia, which is 80% owned; TAV Medinah, which is 33% owned; TAV Tunisia, which is 67% owned; and MZLZ in Croatia, in which the Group holds an indirect 15% stake; ◆ six main subsidiaries in the services: ◆ 6 subsidiaries in services: ◆ ATU, specialising in duty free, 50% owned. It is a world leader in duty-free retailing; ◆ BTA, specialising in food service and wholly owned since November 2017. It offers restaurant services in 16 airports across 8 countries as well as maritime and urban facilities; ◆ Havas, a wholly owned ground handling company, operating in Eastern Europe, Russia, the Arabian Peninsula and Africa. ◆ BTA, which specialises in catering and has been wholly-owned since November 2017; Havas, a ground-handling company, which is wholly- owned; ◆ TAV O&M, which manages airport lounges and VIP services at wholly- owned airports, ◆ TAV Technologies, which manages airport IT systems, and TAV Security, which provides security services and is wholly-owned. TAV Airports 1 revenue of €1,139 million in 2017 (up 2%), its EBITDA was €481 million (up 15%) and net income of €185 million (up 55%).

06

Shareholders

% of capital

Groupe Aéroports de Paris 1 Tepe Insaat Sanayi A.Ş.

46.1% 5.1% 1.3% 3.2% 44.3%

Sera Yapı Endüstrisi ve Ticaret A.Ş.

Other flotting securities

Free float

1 Through Tank ÖWA alpha GmbH, a wholly-owned subsidiary of Aéroports de Paris.

1 IFRS data.

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017