Aéroports de Paris - 2019 Universal registration document
BUSINESS OVERVIEW 05
DESCRIPTION OF ACTIVITIES BY SEGMENT
the number of counters used, and a variable portion based on the number of non-connecting passengers checked in, and which varies according to the type of destination. Income from this fee amounted to €93 million in 2019; ◆ the fee for providing connecting baggage sorting facilities is based on the number of connecting passengers. Income from this fee amounted to €47 million in 2019; ◆ the fee for providing aircraft de-icing infrastructure varies according to the size of the aircraft and is made up of a fixed portion based on the number of landings made over the season in question, and a variable portion based on the number of de-icing operations. This fee is charged at Paris-Charles de Gaulle airport, where the service is provided by Aéroports de Paris, but is not charged at Paris-Orly airport, where the service is provided by the airlines via, where applicable, their ground-handling service providers. Income from this fee amounted to €22 million in 2019; ◆ the fee for provision of electrical power infrastructures of 400 Hz for aircraft is based on the electrical power supply to the parking stand (400 Hz or 50 Hz), and its energy requirement category, depending on its carrier’s technical equipment (number of sockets); ◆ the computerised check-in and boarding fee (Crews system) is based on the number of passengers departing from equipped terminals or parts of terminals, differentiating between non-connecting passengers and connecting passengers. Increases in the fees for assisting disabled persons and those with reduced mobility at Paris-Orly and Paris-Charles de Gaulle are not capped. The income from this fee amounted to €66 million in 2019. The total income from ancillary fees and the fee for assisting people with disabilities and those with reduced mobility is presented as revenue in the consolidated financial statements under the item “Ancillary fees”. The fees amounted to €250 million in 2019 (€239 million in 2018). 2016-2020 Economic Regulation Agreement The ERA covering the five year 2016-2020 period was signed by the French government and Aéroports de Paris on 31 August 2015. The document is available at www.groupeadp.fr. The ERA applies to fees from 1 April 2016 to 31 March 2021. The 2016-2020 ERA is balanced and is based on burden sharing among all stakeholders. The objectives of this agreement are as follows: ◆ consolidation of fundamentals: Aéroports de Paris intends to take advantage of its assets and has made consolidating its fundamentals a key priority for the 2016-2020 Economic Regulation Agreement. This involves focusing heavily on maintenance and regulatory compliance, optimising its infrastructures and rolling out quality standards; ◆ a winning position: to increase its capacity to capture global growth, Aéroports de Paris must continually improve its services and the competitiveness of its Parisian airports for the benefit of its customers, partners and the regions. To meet this challenge, Aéroports de Paris is mobilising all the means of leverage at its disposal: an overhaul of the pricing policy associated with the implementation of incentive measures; ◆ increased competitiveness: the ERA provides for the implementation of a major investment plan focusing primarily on cost control, with the aim of improving the competitiveness of the Parisian airports in terms of costs and pricing.
Regulated scope at 31 December 2019 (in millions of euros)
2019
2018
Regulated operating profit Regulated assets base 1
458
467
5,693
5,341
REGULATED ROCE
5.27% 5.73%
1 Including subsidies.
Fees Aéroports de Paris is bound by specifications that set out its obligations as a public service provider and the government authority’s control procedures for ensuring compliance with these obligations. These are the specifications approved by Decree No. 2005-828 of 20 July 2005 relating to Aéroports de Paris. This public service activity is also governed, with respect to fees, by the French Transport Code and the French Civil Aviation Code. Airport fees Airport fees include passenger fees, landing fees and parking fees. The terms of adjustment of these fees is governed by the Economic Regulation Agreement (ERA): ◆ the passenger fee is based on the number of passengers boarded. They are due for all departing flights other than for passengers in direct transit (leaving on the same aeroplane with the same flight number), crew members working on the flight and children under two years of age. The fee varies according to the flight destination. A 40% reduction on the basic rate is applied to connecting passengers. Revenue from passenger fees stood at €726 million in 2019 compared with €695 million in 2018; ◆ the landing fee is charged for the use of the airport infrastructure and equipment required for landing, take-off and aircraft movements on the ground by aircraft of more than 6 tonnes (which includes nearly all commercial aircraft). They are calculated according to the certified maximum take-off weight of the aircraft and adjusted according to the aircraft’s noise-rating classification and the nocturnal or daytime landing timetable. Revenue from landing fees rose to €262 million in 2019 compared to €254 million in 2018; ◆ parking fees are based on how long the aircraft is parked, the certified maximum take-off weight of the aircraft and the features of the parking area: area abutting a terminal, remote areas or garage area. It is collected for aircraft weighing more than 6 tonnes. Revenue from parking fees amounted to €172 million in 2019 compared with €165 million in 2018. The landing fee, parking fee and passenger fee are presented as revenue in the consolidated financial statements under the item “airport fees” (see section 8 - “Review of the financial position and income” of this Universal Registration Document). The income from these airport fees for 2019 stood at €1,160 million (€1,115 million in 2018). Ancillary fees Ancillary fees, for which the pricing is also regulated by the Economic Regulation Agreement in force, were as follows: ◆ the fee for providing check-in counters, boarding facilities, and local baggage handling facilities comprises a fixed portion, based on
58
AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
Made with FlippingBook Publishing Software