Aéroports de Paris - 2019 Universal registration document

BUSINESS OVERVIEW 05

DESCRIPTION OF ACTIVITIES BY SEGMENT

Aéroports de Paris comes under the scope of application of this provision. The Company operates a group of class 1 airports for which the annual costs per passenger eligible for financing by the tax exceeded €9 on average over the last three known civil years. As a result, from 1 April 2019, 6% of the costs attributable to tasks covered by the tax, will be borne by Aéroports de Paris. Based on security costs for Aéroports de Paris SA of between €500million and €600 million per year over the coming years, the impact of these user fees on the company’s operating income amounts to around €30 million to €35 million per year. After an investment plan of around €0.5 billion over the 2016-2020 period, Groupe ADP could once again invest around €0.5 billion in the Paris airports for safety/security over the 2019 to 2025 period, with notably the deployment of Standard 3 EDS detection equipment which should be completed by the end of 2022. These forecasts communicated by the Group at the beginning of April 2019 during the Investors’ Day are not targets, but constitute a preliminary medium-term vision that supplements the targets in the Connect 2020 plan, which are unchanged in terms of safety/security.

decree of 25 March 2019 setting the list of airports and airport groups and the tariff for the civil aviation tax applicable to each one as well as the civil aviation tax surcharge. Since the Amending French Finance Act 2013 (Act No. 2013-1279 of 29 December 2013 amending Article 1609 quatervicies of the French General Tax Code), Aéroports de Paris, as a group of airports, no longer benefits from the equalisation system for the funding of security measures for Pontoise, Toussus-le-Noble and Issy-les-Moulineaux airports. USER FEES Article 179 of the 2019 Finance law No. 2018-1317 of 28 December 2018 amended Article 1609 quatervicies of the French General Tax Code, that governs the civil aviation tax, by stipulating that for each class 1 and 2 airport or group of airports for which the annual costs per departing passenger eligible for the financing by the tax are greater than or equal to €9 on average over the last three known civil years, the tariff of the civil aviation tax is set so as to cover 94% of the eligible costs supported by its operator, from 1 April 2019.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019