Aéroports de Paris - 2019 Universal registration document
BUSINESS OVERVIEW 05
DESCRIPTION OF ACTIVITIES BY SEGMENT
The group continues to benefit from the support of a strong local network, thanks to three regional offices: in Istanbul for the Africa and Middle East Region, in New York for the Americas Region and in Hong Kong for the Asia Region. ADP International ADP International is 100% owned by Aéroports de Paris and is now simply a holding with the following interests: ◆ Belgium: a 25.6% stake in the Belgian company Liege Airport since 1999. This company manages the Liège-Bierset airport, which is the 7 th European airport for cargo traffic. ADP International has specific rights via partnership agreements. ADP International renewed these agreements for a 15 years term in 2015; Cargo traffic continued to grow in 2019 with a 3% increase compared to 2018; ◆ Guinea: a 29% stake in the Guinean company Société Guinéenne de Gestion et d’Exploitation de l’Aéroport de Conakry (SOGEAC) and a technical support contract for the management of the airport. ADP International is assisting SOGEAC with work to upgrade its facilities. The airport welcomed nearly 0.6 million passengers in 2019, a 12% increase compared to 2018. In 2019, Groupe ADP obtained a temporary extension to the concession contract entrusted to SOGEAC. In February 2020, the Republic of Guinea, Africa50 and Groupe ADP signed a 25-year concession agreement for the development and financing of the modernising and expansion of the Gbessia International Airport during a presentation ceremony for the project in Conakry. ◆ Under the terms of the shareholders' agreement signed in February 2020, the Republic of Guinea, Africa50 and Groupe ADP have, respectively, a 34% and 33% interest in the new Société de Gestion de l’Aéroport de Gbessia (SOGEAG), which will lead the project to modernise and extend the Gbessia International Airport. During a presentation ceremony of the project in Conakry on 17 February 2020, the 25-year concession agreement for the development and financing of the project was signed in the presence of the three partners. The project includes the construction and operation of a new terminal for domestic and international passengers and the related infrastructure: a new terminal for freight, a parking area, the renovation and extension of the runway and of the main taxiways. The new terminal will have a capacity of one million passengers, in order to meet traffic forecasts up to 2031. ◆ Saudi Arabia: a 5% stake in the Saudi company Matar since 2007, whose corporate purpose is to carry out the operation and maintenance of the Hajj terminal at Jeddah airport, which receives religious traffic. At the same time, ADP International signed a technical support contract with the Hajj terminal operator in 2007. The contract was renewed for a period of one year through 31 December 2020. The Hajj terminal welcomed 6.7 million passengers in 2019, a slight increase of 7.6% compared with 2018; ◆ Jordan: a 51% majority stake in the Jordanian company AIG, which holds the concession for Queen Alia International Airport in Amman, since April 2018. Before this date, ADP International had held a 9.5% stake in AIG since 2007. With a 25 years term, the concession contract provides for the redevelopment of the existing terminal and the construction of an additional terminal with a capacity of 12 million passengers. The first phase of construction (7 million passengers) was completed in February 2013. The 2 nd phase bringing the capacity to 12 million passengers began in December 2013 and was delivered in July 2016. ADP International also owns 100% of the Jordanian company, Jordan Airport Management (JAM), which is responsible for operating the terminal for the period of the concession. The airport welcomed 8.9 million passengers in 2019, an increase of 6% compared with 2018;
◆ Republic of Mauritius: a 10% stake in ATOL (Airport Terminal Operations Limited), the company holding the concession for the new terminal at the Republic of Mauritius International airport, since 2008. With a 15 years duration, the concession contract provides for the construction and management of a new 4.5 million passenger capacity terminal which was commissioned in September 2013. ADP International also signed a technical support contract with ATOL in August 2008 for project follow-up and the commissioning and management of the new terminal. The contract was renewed in August 2016 for a period of three years. The airport welcomed 3.9 million passengers in 2019, an increase of 1% compared with 2018; ◆ Croatia: the consortium ZAIC-A Ltd, the sole shareholder of the company holding the concession, MZLZ (Medunarodna Zracna Luka Zagreb d.d.), bringing together ADP International (20.8% of the share capital), TAV Airports (15.0%), Bouygues Bâtiments International, the Croatian company Viadukt, Fonds Marguerite and IFC (a member of the World Bank Group), was appointed in April 2012 by the Croatian government as the successful bidder of the concession contract for Zagreb airport. The financing agreements were signed on 4 December 2013. The project is for a new 65,000 m 2 terminal designed to accommodate five million passengers and replace the current terminal. The new terminal was delivered in December 2016 and its opening took place in March 2017. ADP International, in partnership with TAV Airports, provides technical assistance for the entire airport for 30 years. The airport welcomed 3.4 million passengers in 2019, an increase of 3% compared with 2018; ◆ Chile: Sociedad Concesionaria Nuevo Pudahuel, a company under Chilean law in which ADP International, VINCI Airports and Astaldi hold respective stakes of 45%, 40% and 15%; the concession for Santiago International airport was assigned for a 20 years term on 5 May 2015. It is the historic basis for the company LAN Chile. Nuevo Pudahuel took over management of the airport on 1 October 2015 at the end of the previous concession and will provide the funding, design and construction of a new 175,000 m 2 , terminal which will increase the airport’s capacity to 30 million passengers, with potential for expansion beyond 45 million. ADP International provides technical support to the company holding the concession via a technical support contract valid until 2035. The airport welcomed 24.6 million passengers in 2019, an increase of 5.7% compared with 2018, almost half of which were international passengers; ◆ Madagascar: since November 2016, ADP International has had a 35% stake in the Madagascar-registered company Ravinala Airports which has the concession to operate the Antananarivo and Nosy Be airports. These airports welcomed 1.3 million passengers in 2019, an increase of 8.4% compared to 2018. Recent developments In December 2019, Future Stewart Partners, a joint venture held by Groupe ADP and AvPORTS, finalised an agreement with the Port Authority of New York and New Jersey to provide operations and maintenance services for the New York Stewart International Airport and the management of its retail concessions. Exclusive discussions with the Bolivian authorities to develop the Santa Cruz International Airport. In October 2019, Groupe ADP and the Plurinational State of Bolivia signed a memorandum of understanding to enter into exclusive negotiations for a strategic alliance contract for the development and operation, over a period of 30 years of the Viru Viru International Airport of Santa Cruz de la Sierra, the country’s leading airport with 2.9 million passengers in 2018. Operations and maintenance contract for the Stewart Airport – New York
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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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