Aéroports de Paris - 2019 Universal registration document

REAL ESTATE ASSETS AND FACILITIES

BUSINESS OVERVIEW

PERSONS RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT

STATUTORY AUDITORS

RISK AND MANAGEMENT

INFORMATION ON THE COMPANY

ORGANISATION CHART

REVIEW OF THE FINANCIAL POSITION AND INCOME

EQUITY AND CASH FLOWS

INFORMATION CONCERNING TRENDS

General description Groupe ADP’s business activities are divided into five segments: aviation, retail and services, real estate, international and airport developments and others. They are detailed in this chapter, under “Description of activities”. Simplified financial information

2019 1 2

2018 1 2

Operating income from

Operating income from

ordinary activities

ordinary activities

Revenue EBITDA

Revenue EBITDA

(in million of euros)

Aviation

1,929 1,505

611

283 513 122 164

1,890 1,000

603 580

307 458 102 223

Retail and services

638 169 326

Real Estate

274

265 941 156

148

International and airports developments

1,081

304

Other activities

168

29 (1)

13

46 (1)

34 (1)

Inter-sector eliminations

(257)

(1)

(245)

05

TOTAL

4,700 1,772

1,094 4,007

1,680

1,123

1 These figures take into account the full consolidation of Société de Distribution Aéroportuaire and of Relay@ADP results since April 2019, and AIG results since April 2018. 2 Revenue and operating expenses of TAV Istanbul for 2018 and 2019 are presented on a separate line in the income statement as “net income from discontinued activities”, in accordance with the IFRS 5. Revenue, EBITDA and consolidated Group operating income thus no longer include activity from Istanbul Atatürk airport in 2018 and 2019. Moreover, the line “net income from discontinued activities” also includes the gain following the Turkish authorities’ notification of the compensation payable to TAV Airports for the early closure of Istanbul Atatürk airport, net of taxes and the impact of the corresponding derecognition (or €31 million before elimination of non-controlling interests) (see press release of 26 December 2019).

The group’s strengths Groupe ADP’s expertise as an airport operator spans a network of 24 airports at 31 December 2019: ◆ the three main airports in the Paris region (Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget), owned and operated by Groupe ADP, which constitute the “gateway” to France; it should be noted however that the group also owns and operates ten general aviation airfields in the Paris region and the Issy-les-Moulineaux heliport, owned by the City of Paris; ◆ the 13 airports 1 managed directly by TAV Airports group, owned at 46.12% by Groupe ADP; ◆ the eight airports spread over Europe, the Middle East, Africa, the Indian Ocean and South America, in which ADP International, a wholly- owned subsidiary of Aéroports de Paris, has equity investments 1 . Thanks to its exceptional strengths, diversification of activities and renowned expertise, Aéroports de Paris offers a solid profile and attractive growth prospects. A privileged location The group enjoys a highly favourable geographic positioning thanks to the following: ◆ the tourist appeal of Paris and France, and of Île-de-France, the first economic region in France; ◆ a catchment area with an estimated population of 25 million within a 200 km radius, a large part of which is directly accessible by TGV from Paris-Charles de Gaulle airport;

◆ this is a central position, a two-hour flight from most major European cities; ◆ the absence of other large airports within 300 km. This privileged location allows Aéroports de Paris to attract a large amount of point-to-point traffic and to continue its development as a prominent hub. Complementary airports adapted to future global traffic growth AN AIRPORT SYSTEM IN ÎLE-DE-FRANCE CONSISTING Together, the three airports of Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget form a complementary offering for every type of air traffic: long and medium haul, domestic, connections, low-cost, leisure, charter and business. The ability of Paris-Le Bourget airport to handle business air traffic allows Paris-Charles de Gaulle and Paris-Orly airports to focus on commercial air traffic. Thanks to this complementarity, Groupe ADP serves a wide range of customers. It hosts the largest international airlines, as well as low-cost carriers and the three major international alliances: SkyTeam, Star Alliance and Oneworld. In this way, it has traffic that is balanced between major geographical areas. These elements allow it to diversify its growth and limit the risk of dependence on a single type of market or customer. OF THREE COMPLEMENTARY AIRPORTS, TAILORED TO A DIVERSE CUSTOMER BASE

1 Including Zagreb airport whose concessionary company is owned at 15% by TAV Airports and 20.8% by Groupe ADP, via its wholly-owned subsidiary, ADP International.

33

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019