Aéroports de Paris - 2019 Universal registration document

BUSINESS OVERVIEW 05

DESCRIPTION OF ACTIVITIES BY SEGMENT

Information about concessions

Guarantee Concession/ Lease Fee

Type/ Expiry date TAV Stake

Sales/PAX International

Sales/PAX Domestic

Volume Guarantee

Airport

Scope

Ankara Esenboga

Build, Operate Transfer (BOT) (May 2023) Concession lease (Dec. 2032) Concession lease (Dec. 2034) Concession lease (Dec. 2035) Concession lease (Dec. 2024) BOT (Feb. 2027) BOT (Aug. 2027) BOT + Concession (May 2047) BOT + concession (Mar. 2030) BOT + Concession (2037) BOT + Concession Apr. 2042)

100% Terminal

€15

€3 0.6m dom, 0.75m Int’l for 2007

€2.5 (Transfer)

Izmir A. Menderes

100% Terminal

€15

€3

- €29 million + VT

€2.5 (Transfer)

Gazipasa Alanya

100% Airport

€10 1

7.5 TRY 2

-

$50,000 US + VAT

Milas Bodrum4

100% Terminal

€15

€3

-

€28.7 million + VAT 3

Antalya

49% 4

Terminal

€15

€3

€100.5 million + VAT

€2.5 (Transfer)

Tbilisi

80% Airport

US$24

US$6

-

Batumi

76% Airport

US$12

US$7

-

Monastir & Enfidha

67% Airport

€9

€1

-

11-26% of revenue from 2010 to 2047 4% of gross annual revenue 5

Skopje & Ohrid

100% Airport €17.5 in Skopje

-

-

€16.2 in Ohrid

Medinah

33% Airport

87 SAR 6

-

-

54.5% 7

Zagreb

15% Airport

€15 8

€7

- €2.0-€11.5m fixed

€4

0.5% (2016) -61%(2042) variable

(Transfer)

1 Per passenger fees were revised as of 1 January 2015. 2 TAV Gazipasa will make a fixed yearly rent payment of US$50,000 + VAT until the end of the operating period. In addition, TAV Gazipasa will pay 65% of its net profit to DHMI at the end of each operating year as profit share. 3 A lump sum amount of €143 million equivalent to 20% of the bid price for Milas Bodrum Airport was paid in August 2014. 4 The 49% control of TAV airports within Antalya airport give the same governance rights as Fraport, as well as 50% of dividends. 5 Concession fees will be 15% of annual gross turnover until the number of passengers using both airports reaches one million. When the number of passengers exceeds 1 million, this ratio will change between 2% -4% depending on the number of passengers. 6 87 SAR from both departing and arriving international tax. Tax charge will increase as per cumulative CPI in Saudi Arabia every 3 years.

7 The concession charge will be realized as 27.3% for the first 2 years that follow the completion of the construction. 8 International, domestic and transfer passenger service fee of €10.4, €4, and €4, respectively, prior to April 2014.

2019 developments TAV celebrated its 20 th anniversary and operated 13 airports in seven countries as at 31 December 2019. Its services companies account for 59% of its revenue and 27% of its EBITDA. TAV’s global footprint now covers 100 airports in 30 countries. 2019 was an important year for the inorganic growth of services companies. TAV OS, a lounge services company purchased 70% of GIS, a Spanish company active in eight countries. TAV OS has become a truly global lounge operator with a presence in 42 airports in 21 countries, including Brazil, Switzerland, Kenya and the United States. BTA & TAV Technologies are also companies which are competitive globally which service a very large territory extending from western Europe to the Gulf.

As part of the second pillar of TAV’s growth strategy which consists in acquiring new concessions, negotiations are continuing with the owner of the Almaty International Airport in Kazakhstan regarding the potential acquisition of the asset. TAV is also closely following the tenders for the privatisation the airports of Tivat and Podgorica in Montenegro and the call for tenders for the renewal of the Antalya airport concession. TAV will continue to search its regions for new opportunities with the potential to create value for shareholders. The number of tourists in Turkey continues to beat records. 2019 was a very good year for the portfolio’s organic growth, which is the first pillar of TAV’s growth. The number of tourists visiting Turkey increased strongly, particularly from Europe and Russia, rising 14% in 2019 and reaching 45 million visitors.

84

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019

Made with FlippingBook Publishing Software