Aeroports de Paris · EURONEXT:ADP
Aeroports de Paris — Groupe ADP — Merger or Acquisition (June 2017)
12 slides from Aeroports de Paris's merger presentation, Jun 9, 2017
Slide 1: Project to Increase Groupe ADP Stake in TAV Airports and Sell Stake in TAV Construction
PROJECT TO INCREASE GROUPE ADP STAKE IN TAV AIRPORTS AND TO SELL GROUPE ADP STAKE IN TAV CONSTRUCTION ANALYSTS PRESENTATION Philippe PASCAL – CFO of Groupe ADP 9 June 2017
Slide 2: Becoming a Leading Shareholder of Our Main International Participation: Main Transaction Terms
BECOMING A LEADING SHAREHOLDER OF OUR MAIN INTERNATIONAL PARTICIPATION AND REFOCUS ON OUR CORE ACTIVITIES MAIN TRANSACTION TERMS Proposed acquisition by Groupe ADP of the 8.12% stake owned by Akfen Holding in TAV Airports for 160MUSD, at a price of TRY 19.2 per share1 Become a leading Groupe ADP
Slide 3: Becoming a Leading Shareholder: Strategic Rationale
BECOMING A LEADING SHAREHOLDER OF OUR MAIN INTERNATIONAL PARTICIPATION STRATEGIC RATIONALE Groupe ADP strengthens its commitment in TAV Airports, to lead to further Become a leading cooperation and coordination shareholder of TAV Airports to support future Trust in TAV Airports potential of deve
Slide 4: Expected Shareholding Structure After Transaction
EXPECTED SHAREHOLDING STRUCTURE AFTER TRANSACTION TAV Airports: 46.1% 8.1% 2% Other non-floating : 3.3% Other Free Float : 40.5% Note: • Tepe Insaat Sanayi A.Ş. : Turkish integrated conglomerate focused on infrastructure and construction • Sera Yapi Endustrisi A.Ş.: Focused on construction in Turkey
Slide 5: Appendix
APPENDIX
Slide 6: Groupe ADP at a Glance in 2016 (Before Any Transaction)
GROUPE ADP AT A GLANCE IN 2016 (BEFORE ANY TRANSACTION) Aéroports de Paris SA (parent company)(1) Subsidiaries & Associates(2) International and Aviation Retail & Services Real Estate Airport Other Activities Developments Construction and All commercial Real estate activities Airport engineering Tel
Slide 7: International and Airports Developments
INTERNATIONAL AND AIRPORTS DEVELOPMENTS INTERNATIONAL FOOTPRINT FOR GROUPE ADP AND TAV AIRPORTS (2016 TRAFFIC FIGURES) France Schiphol Group (8%) Liège (25.6%) Zagreb airport (ADP 21% and Macedonia (100%) Georgia (76%) Paris-CDG: 65.9mpax 63.6 mpax 0.7 m tonnes of freight TAV 15%) Skopje & O
Slide 8: TAV Airports at a Glance
TAV AIRPORTS AT A GLANCE Leading airport Attractive market Strong financial operator with with strong growth performance and “Platform play” diversified portfolio & prospects cash flow generation integrated structure Turkey is the fastest growing Diversified, balanced portfolio Strong momentum with
Slide 9: TAV Airports Business Areas
TAV AIRPORTS BUSINESS AREAS Airports Duty free Food and beverage Ground handling Others Turkey ATU (50%) BTA (67%) HAVAS (100%) TAV OS (100%) Istanbul Ataturk Airport (100%) Largest duty free operator in Operating in Turkey, Georgia, Major ground handler in Turkey Commercial area allocations Ankara
Slide 10: TAV Airports Track Record
TAV AIRPORTS TRACK RECORD Revenue (€m) EBITDAR (€m) Pre-IFRS11 Pre-IFRS11 621 597 Post-IFRS11 1092 Post-IFRS11 569 1079 524 983 904 463 847 402 508 627 640 785 881 1099 1205 170 189 267 311 342 387 483 555 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013
Slide 11: TAV Concession Overview
TAV CONCESSION OVERVIEW Yearly Lease/ 2016 Pax fee/pax fee/pax Volume Airport Type/Expire TAV Stake Scope Concession Fee Net Debt (1) (mppa) Int'l Dom. Guarantee Paid Lease US$15 Istanbul Ataturk 100% Terminal 60.1 €3 No $140m + VAT €131m (January 2021) €2.5 (Transfer) BOT 0.6m Dom. , €15 Ankara Ese
Slide 12: Disclaimer
Disclaimer This presentation does not constitute an offer of, or an invitation by or on behalf of Aéroports de Paris to subscribe or purchase financial securities within the United States or in any other country. Forward-looking disclosures are included in this press release. These forward-looking