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

the air network from Amman, to improve the quality of service offered to passengers and the performance of aeronautical and commercial activities, and finally to ensure sustainable and socially responsible development for the remaining duration of the concession (until 2032). Queen Alia International Airport is a benchmark airport in the Middle East and manages 98% of Jordan’s traffic. It is the base and hub of Royal Jordanian Airlines and the gateway for the main touristic spots of the country, especially Petra, the Dead Sea and Wadi Rum desert. This airport was ranked by the Airport Council International (ACI) second best airport in its category (between 5 to 15 million passengers) in the Middle East, on the basis of the survey Airport Service Quality (ASQ/ ACI) 2018, the most important worldwide reference programme regarding airport passengers satisfaction. Finally, it is the first airport in the Middle East to reach the level 3+ of the ACI Carbon accreditation, that is to say, carbon neutrality. Partnership with Royal Schiphol Group To anticipate future challenges in the air transport sector, Aéroports de Paris and NV Luchthaven Schiphol (Royal Schiphol Group), which is the operator for Amsterdam Schiphol airport, created a long-term industrial cooperation and cross-equity investment agreement for 8% of the share capital at end 2008, which created a leading alliance in the global airport industry. This industrial cooperation agreement between two of Europe’s leading airport groups for an initial duration of 12 years represents a strategic move that is 2 generating significant mutual benefits for both companies in several core areas of business. The alliance has been named “Hublink”. In 2019, Schipol Group achieved an increase in revenue of 7%, at €1,615 million. The net income attributable to the group was €355 million, ◆ improve the competitiveness of the two groups through the consolidation of a dual hub which is a requirement to handle the competition from other hubs, notably in the Middle East; ◆ enhance the attractiveness of both groups through greater harmonisation of the layout and signalling at their terminals, and by the coordinated improvement of their passenger processes (check-in, information, and security); ◆ reinforce the relationship of the two groups with their largest customers, including the Air France-KLM Group; ◆ optimise their operational efficiency and reduce purchasing expenditure notably through volume pooling of some purchasing. For non-aviation activities, the objective is to step up growth in retail, innovation and the digital airport thanks to the exchange of know-how (experiments, projects under way and recently completed projects to find synergies). The two groups also intend to become front-runners in sustainable development, by combining their efforts to improve energy efficiency, developing the use of renewable energy, and reducing greenhouse gas emissions. up by 27% compared with 2018. Strategic motivations For aviation activities, the goal of the Hublink alliance is to:

International passenger traffic increased by 19% in Antalya, 25% in Bodrum and 22% in Izmir. TAV had another recovery year in Tunisia with 22% growth and the traffic in North Macedonia was robust with 14% growth. However, domestic traffic in Turkey remained weak throughout 2019. Georgian traffic was also sustained until the second half of the year. However, Georgia finished the year with a slight decline in number of passengers, due to the ban on Russian flights starting in July. One of the most important developments in 2019 was the completion of the discussions for the restructuring of the concession conditions in Tunisia. Thanks to these agreements, TAV was able to re-establish the long-term viability of the airports thanks to significant decreases in past and future lease payments. In 2020, TAV should also be able to finalise agreements with the current group of TAV Tunisia lenders to restructure the financing conditions and shareholding structure of the company. END OF THE ISTANBUL ATATÜRK CONCESSION. A page turned for TAV on 6 April 2019, when commercial aviation ended at Istanbul Ataturk. TAV operated Istanbul Atatürk without problems until the last day. TAV met all of its commitments and handed over the airport to the DHMI. TAV transferred its ground-handling operations and part of the duty free and food services to the new airport. The impact of transferring TAV’s employees was reduced to a minimum. 85% of employees were moved to the new airport or to a TAV Group company. All severance amounts were paid. The amount of compensation due to TAV for the anticipated termination of its activities was calculated this year following a three-way assessment led by DHMI, TAV and an independent consultant, In December 2019, TAV received a formal letter from DHMI stating that the total compensation due to TAV was €389 million. Airport International Groupe (AIG) In April 2018, Groupe ADP, through its wholly-owned subsidiary ADP International, finalised the transaction allowing it to hold 51% of the capital and giving it exclusive control of Airport International Group (“AIG”), concession holder for Queen Alia International Airport (QAIA) in Amman, Jordan. The new co-shareholders with which Groupe ADP invested are the infrastructures investment funds Meridiam and IDB Infrastructure Fund II. Edgo, already present, remained a co-shareholder. Since this operation, Groupe ADP, already shareholder of AIG with a 9.5%-stake since 2007, has fully consolidated the financial accounts of the concessionary firm. With a 25-year term, the concession contract signed in 2007 provides for the operation of the existing terminals and the construction and operation of a new terminal. Since then, Groupe ADP experts have been conducting operations. The construction of the new terminal took place in two phases. The first phase of construction enabled the creation of 103,000m 2 offering capacity for seven million passengers and was commissioned in March 2013. A vast extension was added to this terminal in September 2016, bringing the airport’s capacity to 12 million passengers per year. Operator of QAIA since the beginning of the concession (25 years) in 2007, Groupe ADP has contributed to the performance and growth of the airport. Traffic has grown on average by 7.2% per year since 2007. With the acquisition of AIG, Groupe ADP is now able to deploy its know- how, expertise and service offerings. The objectives are to strengthen

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019

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