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
Retail and services – Parisian platforms This segment, relating only to the Parisian activities, includes all retail activities (notably shops, bars and restaurants, car parks, rentals within terminals) of Groupe ADP, as well as the advertising activities (Média Aéroports de Paris 1 ) and the activities of retail distribution joint ventures within airports (Société de Distribution Aéroportuaire and Relay@ADP) and restaurant services (EPIGO). From the second quarter of 2019, as part of the strengthened governance of retail joint ventures, these two joint ventures (Société de Distribution Aéroportuaire SDA and Relay@ADP) are fully consolidated in the group’s financial statements. The EPIGO income is recognised using the equity method.
General description of retail activities Aéroports de Paris’ retail activities designate paying services intended for the general public: passengers, accompanying persons and staff working at the airports. These include, for example, shops, bars and restaurants, banks and foreign exchange counters, car rental, advertising and, more generally, any other paid-for service (internet, service stations, etc.). Retail activities are at the heart of Groupe ADP’s growth dynamic and thus contribute to the financial performance and appeal of its airports. Aéroports de Paris acts as lessor, developer, promoter and manager for commercial activities through its joint ventures, Société de Distribution Aéroportuaire, Relay@ADP and EPIGO.
2019 1,505
2018
2019/2018
(in million of euros)
Revenue EBITDA
1,000
+50.6%
638
580
+10.1%
Share of profit or loss in associates and joint ventures
41
2
N/A
05
Operating income from ordinary activities
513
458
+12.1%
Breakdown of revenue
2019 1,505
2018
2019/2018
(in million of euros)
Revenue
1,000
+50.6%
Retail activities
970 628
490 N/A N/A N/A
N/A N/A N/A N/A
Société de Distribution Aéroportuaire
Relay@ADP
78
Other Shops and Bars and restaurants
166
Advertising
57
55 49 173 129 149
+4.1% -15.6% -0.9% +8.6% -2.8%
Other income
41
Car parks and access roads Industrial services revenue
172 140 145
Rental income Other income
78
58
+34.3%
Airside and landside shops The proposed range of shops within Aéroports de Paris’ terminals falls into two broad categories: ◆ the strategic activities which embody the positioning as “The ultimate Parisian shopping & dining experience” and which represent the areas with the best returns which are Beauty (perfumes and cosmetics), Fashion & Accessories and Art of Living (gastronomy, confectionery, wines and spirits). Aéroports de Paris has chosen to operate these businesses through Société de Distribution Aéroportuaire, which it co- owns with Lagardère Duty Free (a company of the Lagardère Group), and which operates the Beauty, Alcohol and Tobacco activities as well as part of the Gourmet Food and Fashion & Accessories business;
The retail activities carried out in landside areas are located before security check-points (customs, border police, security checks) and anyone can make purchases there. Retail activities carried out in airside areas are located after the security check-points. Airside includes part of the space called the “Schengen Area”, which no longer involves border police controls, and the “International Area”, where passengers on international flights to all countries outside the European Union, or to French overseas territories, can purchase duty free products.
1 Media Aéroports de Paris, which manages the advertising within the terminals, has been fully consolidated since 2016.
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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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