ADP_REGISTRATION_DOCUMENT_2017

REVIEW OF THE FINANCIAL POSITION AND INCOME 09 KEY FIGURES

9.1

KEY FIGURES

2017 1 3,617 1,567 43.3% 1,030 28.5% 1,052

2016

2017/2016 1

(in millions of euros)

Revenue EBITDA

2,947

+€670m +€372m

1,195

EBITDA/Revenue

40.6%

+2.7pt

Operating income from ordinary activities (including operating activities of associates) Operating income from ordinary activities/Revenue

664

+€366m

22.5%

+6.0pt

Operating income (including operating activities of associates)

696 (115) 435

+€356m -€64m +€136m

Financial income

(179)

Net income attributable to the group

571

1 Including the full consolidation of TAV Airports in the 2 nd half of 2017.

9.2

ANALYSIS OF 2017 RESULTS

Analysis of Groupe ADP 2017 income statement Revenue

2017 3,617 1,813

2016

2017/2016 +€670m

(in millions of euros)

Revenue 1 Aviation

2,947

1,743

+4.0% +1.2% -4.8%

Retail and services

953 250 682 616 217

941 263

Real estate

International and airport developments 1

97

+€585m +€616m

Of which TAV Airports

-

Other activities

223

-2.5% -7.0%

Inter-sector eliminations

(298)

(321)

1 Including the full consolidation of TAV Airports in the 2 nd half of 2017.

Over 2017, Groupe ADP consolidated revenue stood at €3,617 million, up by €670 million, mainly thanks to: ◆ the full consolidation of TAV Airports for the 2 nd half of 2017, which contributed to revenue up to €616 million. Excluding the full consolidation of TAV Airports, Groupe ADP revenue grew by 1.8%, to €3,001 million; ◆ the growth in airport fees in Paris Aéroport (+5.2%, at €1,055 million), driven by passenger traffic dynamics (+4.5%) combined with the increase in tariffs since 1 April 2017 (+0.97%); ◆ the strong increase in revenue from ancillary fees in Paris Aéroport (+4.6%, at €230 million), in particular from the fee related to the provision of de-icing facilities (+29.1%, at €24 million) and PRM 1 fees (+9.5%, at €60 million).

These favorable items were partially offset by: ◆ the decrease in revenue in international activities, excluding the full consolidation of TAV Airports (-32.0%, at €66 million) linked to a slowdown in activity and a decrease in backlog in the Middle-East for ADP Ingénierie; ◆ the change in consolidation method for Hub Safe during the 4 th quarter 2 , following the 80%-disposal of the stake in this entity. For the 4 th quarter of 2017, Hub Safe’s results has been accounted for as non-operating associates. Over 2017, intersegment eliminations 3 amounted to €298 million.

1 Persons with reduced mobility. 2 Please refer to the press release published on 29 September 2017, available on www.groupeadp.fr. 3 Internal revenue realised between segments.

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017