Aéroports de Paris - 2019 Universal registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 18 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2019

Revenue and net income of Groupe ADP break down as follows:

Revenue

EBITDA

of which inter-sector revenue

of which inter-sector revenue

2019

2019 1,929 1,505

2018 1 1,890 1,000

2018 1

(in millions of euros)

Aviation

-

1

611

603 580

Retail and services

155

142

638

Including SDA

628

- -

- -

- -

15

- -

Including Relay@ADP

78

11

Real estate

274

47

265 941 695 175 156

48

169 326 277

148

International and airport developments

1,081 746 250 168

18

14

304 268

Including TAV Including AIG Other activities

- -

- -

77 29 (1)

54 46 (1)

37

40

Eliminations and internal results

(257) 4,700

(257)

(245) 4,007

(245)

TOTAL

-

-

1,772

1,680

1 Restated figures as described in notes 2.2 & 12.

Share of profit or loss in associates and joint ventures

Operating income from ordinary activities

Amortisation net of reversals

2019 (328) (166)

2019

2019

2018 1 (295) (124)

2018 1

2018 1

(in millions of euros)

Aviation

-

-

283 513

307 458

Retail and services

41

2

Including Capital gain related to sale of SDA & Relay@ADP shares

-

- - -

43 (1)

- -

-

- -

Including SDA

(27)

(13)

Including Relay@ADP

(11)

-

4 3

-

4

Real estate

(48) (211) (150) (60)

(49) (157) (112) (43)

1

122 164 160

102 223 205

International and airport developments

48 33

76 49 23

Including TAV Including AIG Other activities

- - -

17 13

33 34 (1)

(15)

(13)

- -

Eliminations and internal results

-

-

(1)

TOTAL

(768)

(638)

90

81

1,094

1,123

1 Restated figures as described in notes 1.4, 2.2 & 12.

Over 2019, Groupe ADP consolidated revenue stood at €4,700 million, up by €693 million, mainly thanks to: ◆ the growth in airport fees in Paris Aéroport (+4.1%, at €1,160 million), driven by the passenger traffic dynamics (+2.5%); ◆ Société de Distribution Aéroportuaire and Relay@ADP full consolidation since April 2019 which contribute to consolidated revenue up to €706 million (before elimination of fees received by Aéroports de Paris S.A. which amount €261 million);

◆ AIG revenues increase by €75 million including €53 million related to full consolidation of AIG since April 2018 (corresponding to the 1 st quarter 2019 revenues), and €22 million over the period from April to December driven by the good performance of international traffic (+5.9%) and a positive currency effect; ◆ increase by 7.5% of TAV Airports revenue at €52 million, driven by the growth in international traffic in Turkey; ◆ the amount of inter-sector eliminations stood at -€257 million over 2019 vs. -€245 million over 2018.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019