Aeroports De Paris · EURONEXT:ADP
Aeroports De Paris — Groupe ADP — Q1 2018 Earnings Presentation
18 slides from Aeroports De Paris's earnings presentation, May 3, 2018
Slide 1: First Quarter Revenue 2018
2018 FIRST QUARTER REVENUE 3 May 2018
Slide 2: Dynamism of Paris Aéroport and Groupe ADP traffic in Q1 2018
DYNAMISM OF PARIS AÉROPORT AND GROUPE ADP TRAFFIC IN Q1 2018 GOOD PERFORMANCE OF INTERNATIONAL TRAFFIC IN PARIS AND STRONG GROWTH IN TAV AIRPORTS / ADP VS PEERS mPax Q1 2018 / Q1 2017 CDG driving the growth at Paris Aéroport: Paris-CDG+ORY 23 +3.7% CDG: +4.6%, to 15.6 mPax London-Heathrow 18 +3.
Slide 3: Q1 2018 traffic growth at the Paris airports driven by LCCs and international traffic
Q1 2018 TRAFFIC GROWTH AT THE PARIS AIRPORTS DRIVEN BY THE DYNAMISM OF LCCS (+10.1%) AND THE GOOD PERFORMANCE OF INTERNATIONAL TRAFFIC (+6.3%) Total Paris traffic International traffic(1) Connecting rate(2) Load factor 22.8 mPax 42.3% 23.9% -0.3pt 83.7% +2.1pt + 3.7 % +6.3% France Europe North Ameri
Slide 4: Retail activity growth driven by performance of bars & restaurants
RETAIL ACTIVITY GROWTH DRIVEN BY THE PERFORMANCE OF BARS & RESTAURANTS Q1 2018 SALES/PAX DOWN BY 1.4%, AT €18.6 / RETAIL ACTIVITIES GROWTH IN Q1 2018: +3.3% / Q1 2018 RETAIL SALES/PAX -1.4% In €/pax Duty Paid 34.2 32.3 Duty Free Other retail activities: +4.3% Total Advertising: -4.1% Airside shops:
Slide 5: Q1 2018 revenue up by 2.8%, to €723m before full consolidation of TAV Airports
Q1 2018 REVENUE UP BY +2.8%, TO €723M BEFORE FULL CONSOLIDATION OF TAV AIRPORTS REVENUE GROWTH DRIVEN BY ALL CORE ACTIVITIES OVER Q1 2018 +37.3% Positive impact of Deconsolidation of 965 the full takeover of Hub Safe since the « Dôme » September 2017 building 243 723 2 3 1 5 2 2 5 1 19 21 703 10 Ret
Slide 6: Consolidation of TAV Airports
CONSOLIDATION OF TAV AIRPORTS Groupe ADP has fully consolidated TAV Airports since July 2017, consequently to Consolidation of its stake increase up to 46.12%(1) TAV Airports The revenue of TAV Airports is accounted for in the International and airport developments segment and amounted to €243m
Slide 7: Appendices
APPENDICES
Slide 8: Revenue growth driven by all core activities over Q1 2018
REVENUE GROWTH DRIVEN BY ALL CORE ACTIVITIES OVER Q1 2018 €m +2.8% Airport fees up by 4.5% thanks to the dynamism of LCCs (+10.1%) and the performance of international traffic (+6.3%) 426 Aviation Ancillary fees up 3.4%, driven by revenue from PMR fees (+8.6%) 415 Revenues from airport safety
Slide 9: Aviation
AVIATION Q1 2018 REVENUE / Revenue (m€) +2.8% 2 426 2 1 1 8 415 Airport fees Q1 2017 Passenger fees Landing fees Parking fees Ancillary fees Other income Q1 2018 revenue revenue Q1 2018/ (in millions of euros) Q1 2018 Q1 2017 Q1 2017 Main impacts Revenue 426 415 +2.8% Revenue: +€11m Airport fees 2
Slide 10: Aviation: Group traffic by airport in Q1 2018
AVIATION GROUP TRAFFIC BY AIRPORT IN Q1 2018 Group traffic Groupe ADP Stake-weighted Q1 2018 / Q1 2017 (million passengers) stake(1) traffic(2) change(3) Paris Aéroport (CDG+ORY) @ 100% 22.8 +3.7% Zagreb @ 20.8% 0.1 +13.5% Jeddah-Hajj @ 5% 0.1 +2.2% Amman @ 9.5% 0.2 +8.5% Groupe ADP Mauritius @ 10%
Slide 11: Aviation: Monthly change in Paris Aéroport traffic
AVIATION MONTHLY CHANGE IN PARIS AÉROPORT TRAFFIC Q1 Q2 Q3 Q4 2018: +3.7% 2017: + 5.0% 2017: + 4.2% 2017 : +3.7% 2017: +5.0% Monthly mPax change 10 +8% +7% 9 +6% 8 +5% +4% 7 +3% +2% 6 +1% 5 +0% Jan. Fev. Mar. April May June July Aug. Sept. Oct. Nov. Dec. 2017 passenger traffic 2018 passenger traffic
Slide 12: Retail and services
RETAIL AND SERVICES Q1 2018 REVENUE / Revenue (m€) +3.4% 230 5 1 1 2 1 1 223 1 Retail activities Q1 2017 Airside shops Bars and Others Car parks and Industrial Rental income Other income Q1 2018 revenue restaurants access roads services revenue revenue Q1 2018/ (in millions of euros) Q1 2018 Q1 2017
Slide 13: Real estate
REAL ESTATE Q1 2018 REVENUE / Revenue (m€) +2.7% 74 1 72 1 4 2 External rents Q1 2017 revenue Land Buildings Others Internal revenue Q1 2018 revenue Q1 2018/ (in millions of euros) Q1 2018 Q1 2017 Q1 2017 Main impacts Revenue 74 72 +2.7% Revenue : +€2m External revenue (1) 65 62 +4.1% Growth in
Slide 14: Real estate projects pipeline as at end of March 2018
REAL ESTATE PROJECTS PIPELINE AS AT THE END OF MARCH 2018 Airport Segment ADP Role Operator Project Opening Floorspace (sq.m.) CDG Diversification Developer Sogafro/SDV Offices and warehouses 2016 37,500 CDG Aeronautical Investor Aerolima Equipment maintenance centre (phase 1) 2016 4,300 CDG Aeronau
Slide 15: International and airports developments
INTERNATIONAL AND AIRPORTS DEVELOPMENTS Q1 2018 REVENUE / Revenue (m€) +€240m 256 1 243 2 16 13 Q1 2017 restated ADP Ingénierie ADP International Before FC of TAV A TAV Airports Q1 2018 revenue revenue(1) Q1 2017 Q1 2018/ (in millions of euros) Q1 2018 restated(1) Q1 2017(1) Main impacts Revenue 256
Slide 16: International footprint – Q1 2018 passenger traffic
INTERNATIONAL AND AIRPORTS DEVELOPMENTS INTERNATIONAL FOOTPRINT – Q1 2018 PASSENGER TRAFFIC(1) France Schiphol Group (8%) Liège (25.6%) Zagreb airport (ADP 21% and Macedonia (100%) Georgia (76%) Paris-CDG: 15.6 mpax 15.2 mpax Strategic partner TAV 15%) Skopje & Ohrid: 0.4 mpax Tbilisi & Ba
Slide 17: Other activities
OTHER ACTIVITIES Q1 2018 REVENUE / Revenue (m€) -34.4% 56 1 19 37 Q1 2017 revenue Hub One Hub Safe Q1 2018 revenue Q1 2018/ (in millions of euros) Q1 2018 Q1 2017 Q1 2017 Main impacts Revenue 37 56 -34.4% Revenue: -€19m Hub One 36 37 -1.4% Change in consolidation method for Hub Safe, now account
Slide 18: 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