Aeroports De Paris · EURONEXT:ADP
Aeroports De Paris — 9M 2012 Earnings Presentation
19 slides from Aeroports De Paris's earnings presentation, Nov 15, 2012
Slide 1: 9M 2012 Revenue
9M 2012 Revenue 15 November 2012
Slide 2: 9M 2012 highlights
9M 2012 highlights ADP (Parisian airports) traffic figures: +1.3% Positive traffic mix with international destinations growing by 2.6% In €m (unless otherwise 9M 2012 ∆ 12 / 11 TAV Group: +35.4% including +20.7% at indicated) Istanbul Atatürk ADP passengers (in m) 68.1 +1.3% ADP Group traffic figure
Slide 3: Traffic up 1.3% on Parisian airports
Traffic up 1.3% on Parisian airports ADP vs. competitors Quarterly traffic change 9M 2012 / m pax Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 9M 2011 +4.0% +4.5% +3.7% +0.5% +0.3% 68 +1.3% 10% 8% 66 -0.5% 6% 4% October: 44 +3.3% 2% PAX: -1.7% ATM: -1.0% 39 +2.8% 0% -2% 35 -7.9% -4% -6% 34 +20.7% Jun-11 Sep-11 Dec
Slide 4: Strong trends for the Group's major airports abroad
Strong trends for the Group’s major airports abroad Traffic ∆ 9M 12 / ADP stake (1) (m pax) 9M 11 Paris (CDG + Orly) 68.1 +1.3% 100% Regional Airports Mexico 9.4 +7.0% 25.5%(2) ADP Djeddah - Hajj 6.2 +8.3% 5% Amman 4.8 +17.4% 9.5% Mauricius 1.9 +1.4% 10% Istanbul Atatürk 33.6 +20.7% 38% Ankara Esenb
Slide 5: International traffic growing twice as fast as total traffic
International traffic growing twice as fast as total traffic Total traffic: +1.3% France International traffic*: +2.6% Europe Connecting rate: 23.8% (+0.5pt) 18.2% North America 42.6% -1.5% +1.4% 9.8% +0.0% Asia / Pacific French overseas 6.6% territories Middle East +5.5% 4.0% 4.4% +3.0% +4.0% Latin
Slide 6: Sales/PAX continues to grow: +10.7% to 16.1€
Sales/PAX continues to grow: +10.7% to 16.1€ Change in sales/PAX since 2006 Overall strong performance Sales/PAX (€) Strong growth in Duty Free (+11.7% to €29.8) driven by luxury brands 17 16.1 Sales/PAX in fashion & accessories: +29.7% 16 14.6 Sales/PAX in gastronomy: +25.9% 15.1 15 14.3 14 Highly
Slide 7: Revenue up 4.9%
Revenue up 4.9% Driven by Aviation and Retail In €m 8 2 (6) (16) 47 31 26 1 972 +4.9% +5.0% +7.6% +4.5% +27.1% -3.2% +6.3% 1 880 9M 2011 Aeronautical Other Retail & Real estate Airport Other Inter- 9M 2012 revenue fees Aeronautical Services Investments activities segment revenue pro forma eliminatio
Slide 8: APPENDIX
APPENDIX 9M 2012 Revenue│ 8 Résultats semestriels 2009 │ 8
Slide 9: New presentation of the financial statements from January 2012
New presentation of the financial statements from 1 January 2012 Implementation of the option offered by the standard on interests in joint ventures (IAS 31) Compliance with IFRS 11 Removal of the method of proportionate consolidation Distinction between profit/loss of associates from operating and
Slide 10: 9M 2011 Revenue pro forma
9M 2011 Revenue pro forma 9M 2011 9M 2011 In millions of Euros ∆ as published pro forma Aviation 1,141 1,141 - Retail & Services 734 616 (119) Retail 350 230 (120) Car parks 119 119 - Industrial services 39 39 - Rentals 73 74 +1 Others 153 153 - Real Estate 179 179 - Ground Handling and Related Serv
Slide 11: Aviation up 5.0%
Aviation up 5.0% Combined growth of tariffs and traffic In €m Revenue: +5.0% Aeronautical fees up €26m (+4.1%) 1 199 Tariff increase as of 01/04/12 (+3.4%): +€18m Other 1 141 32 32 Traffic growth: +€4m, driven par PAX fee revenues Traffic mix and incentive: +€4m Airport 375 security tax 349 Ancillar
Slide 12: Retail and Services up 7.6%
Retail and Services up 7.6% Boosted by retail activities In €m Revenue: +7.6% Excellent performance of Retail: +€30m (+12.9%) 663 Sales/pax up 10.7% to €16.1 616 Good performance in every terminal 159 Positive traffic mix with a strong growth of Other revenue 153 highly contributive routes (BRIC cou
Slide 13: Strong growth of Retail
Strong growth of Retail Driven by the continued growth of sales/pax: +10.7% to €16.1 In €m Retail: +12.9% 259 Shops in restricted areas: +€23m (+13.9%) Other revenue 230 27 16 Sales / pax up 10.7% to €16.1 incl. duty free 25 sales / pax of €29.8 (+11.6%) Advertising 14 22 9 Excellent performance of
Slide 14: Real Estate up 4.5%
Real Estate up 4.5% Positive impact of new rentals and indexation In €m Revenue: +4.5% 187 179 External revenue up €9m (+6.1%) Internal 38 38 Indexation of leases as of 1st January revenue Other 20 (+5.0%): +€5m 18 Revenue Recent developments: +€6m (cargo stations, Continental Square…) 62 Terminatio
Slide 15: Airport Investments
Airport Investments Strong revenue growth of ADPM In €m Revenue: +27.1% ADPM revenue up €2m (+27.1%) New concession contract in Zagreb since April 2012 Increase in activity in Mauritius, Alger and in Mexico Excellent 9M results for TAV Airports due 11 to traffic growth (+35.4%) on all platforms ADPM
Slide 16: Other Activities down 3.2%
Other Activities down 3.2% Impacted by sale of Masternaut and end of major ADPI contracts In €m Revenue: -3.2% Hub télécom down €3m (-3.9%) Impact of sale of Masternaut (-€13m) 184 partially offset by acquisition of Nomadvance 178 in August 2012 (+€5m) Alyzia Good underlying performance (excl. scope
Slide 17: Airport fees
Airport fees In €m 9M 2012 ∆ 12 / 11 Airport fees 659 +4.1% Landing 145 +2.1% Parking 89 +5.2% Passengers 425 +4.6% 9M 2012 Revenue│ 17 Résultats semestriels 2009 │ 17
Slide 18: Sales/pax in restricted area: +10.7% at 16.1€
Sales/pax in restricted area: +10.7% at €16.1 Sales/Pax (€) 35 29.8 30 26.7 27.6 25 20 15.1 16.1 14.6 15 10 5.8 5.9 6.2 5 0 9M 2011 2011 9M 2012 Duty paid Duty Free Total 9M 2012 Revenue│ 18 Résultats semestriels 2009 │ 18
Slide 19: Pipeline of real estate projects at end of September 2012: 329,000 sqm
Pipeline of real estate projects at the the end of September 2012: 329,000 sqm delivered or under development Platform Type of project ADP's role Client Project Opening Surface (sqm) Delivered projects 94,500 CDG Diversification Developer IBIS Hotel extension 2011 8,600 ORY Diversification Developer