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

Real estate activity at the Paris-Orly airport The objective of the Paris-Orly airport is to become an important business centre, at the heart of the leading economic area of the south Paris region, building on a development strategy for the Airport City and it connection with the existing and planned urban environment. The Paris-Orly airport is also developing a full range of diversified assets on all its land reserves for service activities and for logistics and courrier businesses, with excellent road access and proximity to the agri-food cluster at the Rungis national wholesale food market. The Paris-Orly platform is served by public transport (Orlyval-RER B, RER C and the T7 tramway), which will be supplemented by two new Grand Paris Express lines (lines 14 and 18) by 2024 and 2027. The project to extend the T7 tramway line to Juvisy is currently being studied. As part of the South interconnection project for high speed lines, a TGV station could also be created in the longer term. The airport also has abundant free land, inherited from the history of the airport and land to be recovered at the rate of the industrial reconversion of the former airport areas within the airport or on its fringes. A precursor to the airport city, the first to move in will be a hotel centre of 35,000 m 2 , which was completed in 2016-2017, developed by AccorHotels including a Novotel, an Ibis Budget and an extension to the existing Ibis (410 additional rooms in all). The completion of the refurbishment of the Mercure Hotel and the building of a new Ibis Styles in the Orlytech district (200 rooms) delivered in 2019, met the need for hotel development around the Paris-Orly airport. In addition, in 2019, Groupe ADP as investor signed a letter of intent with a developer for a new hotel complex consisting of a Sheraton hotel (about 200 rooms) and a Moxy hotel (about 470 rooms), two brands which belong to the Marriot International Group, on the A4 lot in Cœur d’Orly, at the foot of the gateway. Groupe ADP is also a 50% co-investor in the Cœur d’Orly office and retail project, alongside the Covivio (formerly Foncière des Régions). Designed by architect Jean-Michel Wilmotte, the first office building, Askia (19,500 m 2 ), was delivered in 2015. It meets the NF-Bâtiments tertiaires HQE “Excellent” and BREEAM “Very Good” energy efficiency standards. It is connected to the existing geothermal network used by the airport. Following the commercialisation of Askia, a second office building was launched in Cœur d’Orly, the Belaïa (23,500m 2 ) with an estimated delivery in 2020. The Cœur d’Orly gateway, commissioned in 2017, links the South terminal of the Paris-Orly airport to the Cœur d’Orly business district. It also links with the future airport station, which should accommodate the Grand Paris subway. In addition, to the north of Cœur d’Orly, after the deconstruction of hangar HN6 finished in 2019, next to the “Pont de Rungis” station on the Grand Paris Express (2024), 6.5 hectares were freed up, enabling Groupe ADP to envisage, after studies, a tertiary campus of around 70,000 m 2 . To support traffic growth at Paris-Orly airport, a substantial development strategy involving the diversification of hotel capacity across the airport area will almost double the current hotel offering at Paris-Orly by 2025 with a total of nearly 1,900 rooms. Local shops may also be opened in proximity to the platforms.

Tertiary The strategy for developing real estate for the service sector is based around these key projects: ◆ the development of the Airport City in the Roissypôle business district, the first in the world (403,000 m 2 of offices, hotels, stores and services) which now consists of 260,000 m 2 of offices and 3,740 hotel rooms. This district, which is connected to the various Paris-Charles de Gaulle terminals, notably consists of offices: the Continental Square complex with a surface area of 50,000 m 2 , the Altaï building measuring 13,250 m 2 , the entire property complex of the Dôme for 39,000 m 2 , the complex comprising the registered office of Groupe ADP and the “maison de l’environnement” totalling 17,100 m 2 and the Baïkal building with 12,900 m 2 . With the launch of the future terminal 4 to the north of Roissypôle, new property prospects will open up; ◆ the opening in 2019 of an Inside by Melia hotel with 267 rooms and a three-star Moxy hotel with 292 rooms in the Roissypôle Ouest area will diversify and improve the quality of the hotel offering at the airport by enhancing the range through the establishment of hotel brands with innovative concepts. In addition to its role as a developer and in accordance with its new real estate goals, Groupe ADP, the designer of “Airport Cities”, is an investor in a landside hotel project with the construction or a Courtyard Residence Inn by Marriott with 335 rooms (delivery 2022) in the Roissypôle Ouest district at the heart of the Paris-Charles de Gaulle airport and in the immediate vicinity of its terminals and of an Easyhotel with 209 rooms (delivery 2021) near the Aéroville shopping centre. As a result, the airport had lodging capacity of more than 3,700 rooms at the end of 2019; ◆ the launch of the “Play Your Airport” global challenge in 2018 strengthened the appeal of Roissypôle. For students, companies, travellers, Group employees and other employees of Paris- Charles de Gaulle airport, this innovation competition will revolutionise the experience of thousands of employees and travellers from all over the world, by transforming Roissypôle into a more pleasant and more dynamic living place, with new service areas, in line with Groupe ADP’s strategy to improve the user experience; ◆ Aéroville, developed by Unibail-Rodamco-Westfield, is a regional shopping centre covering 110,000 m 2 on 12 hectares delivered in 2013. Aimed primarily at airport employees and local residents, this shopping centre offers an Auchan hypermarket with a Drive, a 12-screen multiplex cinema, 28 restaurants, 200 shops and 4,000 parking spaces; ◆ Groupe ADP is continuing the development of a premium branded automotive village with the installation in 2018 of Audi/Audi Sport (4,600 m 2 ) and Volkswagen/Volkswagen Light Commercial Vehicles (2,150 m 2 ) car dealerships, next to the Aéroville shopping centre. These high-quality facilities prove the Group’s capacity to attract new players to Paris-Charles de Gaulle airport and confirm the diversification of the service offer made to airport passengers and employees, the development of which should extend over the next few years to continue to increase the appeal of Paris-Charles de Gaulle airport.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019

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