Aéroports de Paris - 2019 Universal registration document

BUSINESS OVERVIEW 05 OVERVIEW OF THE MARKET

Competition with France’s regional airports The leading French airports in terms of passenger traffic are as follows 1 :

5.2%. However, Paris-CDG and Paris-Orly airports differentiate themselves from this airport through their closeness to Paris, the quality of their facilities (runway equipment, passenger boarding bridges), the variety of retail outlets available to passengers, and by the quality of services offered to them in the terminals. Competition with other means of transportation Although high-speed trains are generally preferred for trips of less than three hours, air travel is preferred when a trip takes more than four hours. Both Paris airports – Paris-Orly and, to a lesser degree, Paris-Charles de Gaulle – face competition from trains, which is likely to intensify with the increasing density of the French high-speed train (TGV) network and the European high-speed network (Thalys, Eurostar). Nonetheless, Groupe ADP believes that the TGV network also offers it advantages, since it delivers passengers to long-haul flights departing from Paris. This is made possible by the TGV train station located in the Paris-Charles de Gaulle airport, which handles approximately 3 million passengers annually. Competition in the cargo and mail market Paris Aéroport is the European leader with 2.20 million tonnes of cargo and mail handled in 2019. Its main competitor in Europe is Frankfurt, with 2,005 million tonnes of cargo handled in 2019, compared to 1,927 million tonnes handled at Paris-Charles de Gaulle.

2019 traffic (million passengers)

Rank Airport

2019/2018

1

Paris-Charles de Gaulle

76.2 31.9 14.4

+5.4% -3.8% +4.6% +6.4%

2 Paris-Orly

3 Nice-Côte d’Azur 4 Lyon-Saint-Exupéry

11.8

Competition with France’s main regional airports is mainly limited to international traffic, since most of the domestic traffic at these airports is with Paris. Competition with specialised airports Low-cost carriers, led by easyJet, account for 22.3% of the passenger traffic handled at Paris-Orly and Paris-Charles de Gaulle, and their presence will serve as a major source of growth for the airports in the coming years. Paris-Charles de Gaulle and Paris-Orly airports compete with the Beauvais- Tillé airport. The latter received 4 million passengers in 2019, an increase of

1 Source: Union des Aéroports Français.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019

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