Aéroports de Paris - 2019 Universal registration document

OPERATIONS WITH RELATED PARTIES

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019

PROFIT FORECASTS

ADMINISTRATION AND EXECUTIVE MANAGEMENT BODIES

COMPENSATION AND BENEFITS OF CORPORATE OFFICERS

FUNCTIONING OF THE BOARD OF DIRECTORS AND MANAGEMENT BODIES

SOCIAL, ENVIRONMENTAL AND SOCIETAL RESPONSIBILITY INFORMATION

MAIN SHAREHOLDERS

ADDITIONAL INFORMATION ON THE SHARE CAPITAL AND PROVISIONS OF THE ARTICLES OF ASSOCIATION

MATERIAL CONTRACTS

NOTE 15 OFF-BALANCE SHEET COMMITMENTS

15.1 Minimum lease payments Futhermore, the future minimum lease payments receivable for Aéroports de Paris SA as a lessor on existing contracts as at 31 December 2019 are as follows:

Total As at Dec 31, 2019

0 -1 year

1 -5 years

Over 5 years

(in millions of euros)

Minimum lease payments receivable

3,262

279

1,052

1,931

15.2 Backlog

Total As at Dec 31, 2019

0 -1 year

1 -5 years

Over 5 years

(in millions of euros)

Revenue expected on contracts

254

39

82

134

For the presentation of its backlog, the Group has chosen to apply the simplification proposed by IFRS 15 to exclude contracts with a duration inferior or equal to 12 months. Thus, the revenue expected on contracts presented in the Group backlog amounts to €254 million as of 31 December 2019 and are a result of

◆ a duration of more than 1 year. The backlog corresponds to future revenue linked to the services remaining to be performed at the reporting date as part of the contracts described above. It includes the income which correspond to only fixed orders from customers. To this extent, are excluded from the backlog the airport fees and ancillary fees considering that these services do not correspond to fixed orders (they are only contractualized to the use of the services by the customer). Additionally, the revenue from airport safety and security services are also excluded, considering that they are validated each year by the DGAC and depend on the costs incurred.

contracts which fulfill the following characteristics: ◆ signed at the closing date with third parties;

◆ whose execution began on the closing date, or, if the contract is not fully performed, where the customer has a right to cancel this contract without penalty payment;

18

15.3 Commitments granted and received Off-balance sheet commitments and contingent assets and liabilities are presented below:

As at Dec 31, 2019

As at Dec 31, 2018

(in millions of euros)

Guarantees

532

495

Guarantees on first demand

35

90

Irrevocable commitments to acquire assets

677

914

Other

101

71

COMMITMENTS GRANTED

1,345

1,570

Guarantees

137 144

113

Guarantees on first demand

158

Other

3

3

COMMITMENTS RECEIVED

284

274

Aéroports de Paris SA Guarantees correspond mainly to securities accorded to loans to staff members, as well as guarantees accorded by Aéroports de Paris SA on behalf of ADP Ingénierie for the benefit of different customers of its subsidiaries. Off-balance sheet commitments on the acquisition of fixed assets by ADP SA amounted to €677 million 31 December 2019 (€948 million of off-balance sheet commitments less €271 million of fund reserves). Compared to the 31 December 2018 (€914 million), irrevocable commitments to acquire assets decreased by €238 million.

This decrease in off-balance sheet commitments on fixed asset acquisitions is due to a combination of two effects: ◆ on the one hand, the natural decrease in commitments due to the progress of projects during 2019; ◆ on the other hand, a relatively low level of new medium-term commitments, insofar as no commitments beyond 2020 can be activated on the regulated perimeter, pending the signature of economic regulation contract no. 4, covering the period 2021-2025.

257

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019