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
Other activities The “other activities” segment primarily covers the activities of Hub One and the re-billing of studies done for the CDG Express project.
2019
2018
2019/2018
(in million of euros)
Income
168 152
156 155
+7.9%
Hub One
-1.9%
EBITDA
29
46 34
-36.1% -58.5%
Operating income from ordinary activities
13
Hub One Presentation
◆ regulation (EEC) No. 95/93 of 18 January 1993, as amended, setting common rules with regard to the allocation of time slots; ◆ directive (EC) No. 96/67 of 15 October 1996, which imposed the opening up to competition of ground-handling services; ◆ regulation (EC) No. 300/2008 of 11 March 2008 relating to the establishment of common rules in the field of civil aviation security, as specified in the Commission Implementing Regulation (EU) No 2015/1998 of 5 November 2005 laying down detailed measures for the implementation of the common basic standards on aviation security; ◆ regulation (EC) No. 1107/2006 of 5 July 2006 concerning the rights of disabled persons and those with reduced mobility when travelling by air; ◆ regulation (EU) No. 598/2014 of the European Parliament and of the Council of 16 April 2014 on the establishment of rules and procedures with regard to the introduction of noise related operating restrictions at Union airports within a balanced approach; ◆ regulation (EU) 2018/1139 of 4 July 2018, relating to common rules in the field of civil aviation and also establishing the European Aviation Safety Agency, stipulated for airports by the Commission’s implementing regulation (EU) No. 139/2014 of 12 February 2014, which establishes requirements and administrative procedures applicable to airfields. National legislation Aéroports de Paris has exclusive rights to manage, operate and develop the Paris-Charles de Gaulle, Paris-Orly, Paris-Le Bourget airports and its eleven civil airfields for general aviation located in the Greater Paris region. In the event of transfer to the private sector of most of Aéroports de Paris’ capital, as authorised by the PACTE law, the above-mentioned mission of Aéroports de Paris would end seventy years after the transfer (Article 130 of the PACTE law). Aéroports de Paris is required to comply with the common law provisions applicable to all airport operators which are primarily based on the Transport Code (codified legal texts) and the Civil Aviation Code (codified regulatory texts), under the special conditions resulting primarily from the provisions of law No. 2005-357 of 20 April 2005 on airports and the obligations resulting from its specifications approved by decree by the Council of State (see below). Regulations relating to fees The public airport services provided at airports open to public traffic result in the collection of fees for services provided to users (airlines and ground-handling services providers)
Hub One operates digital technologies for public companies and organisations. Hub One is a leader in digital transformation in constrained environments where it relies on several areas of expertise: broadband connectivity, business line software and cybersecurity. Hub One offers the best technology with proven solutions tailored to the needs and uses of professionals. Hub One has over 10 regional offices and 550 employees working daily with over 5,000 customers. It had revenue of over €152 million in 2019. Hub One is an ADP subsidiary. In 2019 Hub One signed a contract in early April for the supply of Télécom Voix Data services to ADP SA. Hub One’s strategic plan to generate more revenue and cost synergies between business line entities has been deployed, resulting in a recovery in EBITDA after a decline in 2018. The legal entities Hub One SA and Hub One Mobility were merged on 1 October 2019 to strengthen their integration. The development policy for the cybersecurity business has resulted in excellent growth in revenue and the joint construction with ADP SA of a SOC (Security Operation Center, a real control tower for cybersecurity events). Legal and regulatory environment Chicago Convention Signed in 1944, the Chicago Convention created the International Civil Aviation Organisation (ICAO), which has 193 member States. It is charged with establishing “recommended standards and practices” ensuring that every flight is managed in an identical and uniform manner within all States that are party to the convention. These cover all technical and operational aspects of international aviation and deal in particular with the characteristics of airports, landing areas and any other matter relating to the safety, security, efficiency and reliability of air travel. Protection of the environment and the economic development of air transport are also among the global priorities of the organisation. European Community regulations Aéroports de Paris is subject to air transport rules, in particular: ◆ regulation (EC) No. 1008/2008 of 24 September 2008 establishing common rules for the operation of air services within the Community, which organises the liberalisation of air transport in Europe; ◆ directive (EC) No. 2009/12 of 11 March 2009 on airport fees;
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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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