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

Two additional price discounts, including an offset mechanism, have also been set up: ◆ variable pricing providing for an exemption from the parking fee for parking on the Paris-Charles de Gaulle and Paris-Orly platforms between 11:00 pm and 07:00 am (local time); ◆ a discount on the fees for disabled and mobility-impaired persons according to reporting rates, with airlines giving at least 36 hours’ notice at Paris-Orly airport. For the 2017 pricing period The basic cap rate corresponds to a 1.479% increase in the baseline tariffs (change in inflation between August 2015 and August 2016) with an uplift of 1.25 points, to which the adjustment factors are applied: ◆ quality of service corresponding to a 0.16% bonus. Investments (INV1) established at 0% linked to the opening of the East Pier in advance of the objective set out in the ERA. The maximum change in 2017 tariffs is therefore +1.64% compared to the 2016 baseline tariffs, i.e. +1.68% compared with the 2016 effective tariffs. In this context, Aéroports de Paris submitted the following average annual fee changes for ASI approval: ◆ +0.97% at Paris-Charles de Gaulle and Paris-Orly airports; ◆ +2.5% at Paris-Le Bourget airport. These changes were approved by ASI on 22 February 2017. Aéroports de Paris’ proposal for the Paris-Charles de Gaulle and Paris- Orly airports consists of a 1.51% increase in the airport and ancillary fees (excluding fees for disabled and reduced-mobility passengers) and a significant decrease in the fee relating to computerised check-in and boarding (Crews). It also consists of the simplification of the fee for providing 400 Hz electrical power infrastructures and the elimination of the criteria related to the origin/destination of the aircraft. In addition, Aéroports de Paris renewed all pricing discounts as well as the calculation processes and the 2016 allocation conditions for the incentive measures for traffic growth and better infrastructure use. The 2017 cap on each of the three incentive measures was set at €5.05 million by applying a 0.97% index to the 2016 cap. In addition, the discount on the assistance fee for disabled and mobility- impaired passengers was implemented. It is decreased based on the reporting rate with a notice period of at least 36 hours for airlines at the The basic cap rate corresponds to a 2.125% increase in the 2018 baseline tariffs (change in inflation between August 2016 and August 2017) with an uplift of 1.25 points, to which the adjustment factors are applied: ◆ quality of service corresponding to a +0.1213% bonus; ◆ traffic: determined at 0%, the traffic generated being in the buffer zone of ERA’s reference traffic; ◆ investments (INV1) established at 0% linked to the opening of the East Pier in advance of the objective set out in the ERA. The maximum change in 2018 tariffs is therefore +2.249% compared to the 2017 baseline tariffs, i.e. +2.80% compared with the 2017 effective tariffs. Paris-Charles de Gaulle airport. For the 2018 pricing period

Aéroports de Paris submitted the following average annual fee changes for an opinion from the Consultative Economic Commissions and for the approval of the French government: ◆ 2.125% at Paris-Charles de Gaulle airports and Paris-Orly; ◆ 2.8% at Paris-Le Bourget airport. All fee rates, with the exception of fees for assistance to disabled people or those with reduced mobility at Paris-Charles de Gaulle Airport, were approved by the ASI on 12 February 2018. The latter were approved by the ASI on 19 March 2018. For the 2018 pricing period, Aéroports de Paris retained a uniform change in percentage of the landing and parking fees per passenger. In addition, Aéroports de Paris decided to renew all the pricing discounts as well as the calculation processes and the 2017 allocation conditions for the incentive measures for traffic growth and better infrastructure use. The 2018 cap on each of the three incentive measures was set at €5.16 million by applying a 2.125% index to the 2017 cap. For the 2019 pricing period The basic cap rate corresponds to a +3.231% increase in the 2019 baseline tariffs (change in inflation between August 2017 and August 2018) with an uplift of 1.25 points, to which the adjustment factors are applied: ◆ traffic (TRAF factor): determined at -0.2785%, the traffic generated being above the buffer zone of ERA’s reference traffic; ◆ quality of service (QDS factor): corresponding to a +0.02% bonus; ◆ investments (INV1 factor) determined at 0%, due to the completion within the deadlines or in advance compared to the targets assigned in the ERA of the three operations to be considered for the 2019 pricing period, i.e. the renovation of runway 4 at Paris-Orly, the luggage sorter in Hall L (TDS3) and the Orly Nouvel Envol junction. The maximum change in 2019 tariffs is therefore +2.964% compared to the 2018 baseline tariffs, i.e. +3.52% compared with the 2018 effective tariffs. Aéroports de Paris submitted the following average annual fee changes for an opinion from the Consultative Economic Commissions: ◆ 2.957% at Paris-Charles de Gaulle and Paris-Orly airports; ◆ 2.957% at Paris-Le Bourget airport. Following these consultations, Aéroports de Paris submitted the following slightly lower average annual fee changes for ASI approval: ◆ 2.944% at Paris-Charles de Gaulle and Paris-Orly; ◆ 2.944% at Paris-Le Bourget. By decision No. 1810-D1 of 11 January 2019, the ASI refused to approve the airport fee levels notified to the Authority on 14 December 2018, with the exception of the fee levels for assistance to persons with disabilities or impaired mobility. Following this refusal decision, Aéroports de Paris submitted a second fee level proposal to the ASI on 22 January 2019. This second proposal used an increase of +1.00% for Paris-Charles de Gaulle and Paris-Orly airports and +3.52% for Paris-Le Bourget airport. By decision no. 1810-D2 of 6 February 2019, the ASI approved this second proposal in its entirety 1 . For the 2019 pricing period, Aéroports de Paris retained a uniform change in percentage of the landing and parking fees per passenger.

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1 See the press releases relating to the approval of the 2019 fees by the ASI, available at www.groupeadp.fr.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019