Aeroports de Paris · EURONEXT:ADP
Aeroports de Paris — 9M 2016 Earnings Presentation
19 slides from Aeroports de Paris's earnings presentation, Nov 8, 2016
Slide 1: 2016 9-Month Revenue
2016 9-MONTH REVENUE 8 November 2016
Slide 2: Highlights
HIGHLIGHTS Freezing of tariffs increase in 2016 as concluded in 2016-2020 ERA Paris Aéroport traffic: +0.9% ; Groupe ADP traffic: +1.5% Traffic in Paris-Orly: +4.4%, in Paris-CDG: -0.7% Aviation Dynamism of low costs airlines, offsetting the near stability of international traffic Connecti
Slide 3: 2016 9-Month Revenue Near-Stable
2016 9-MONTH REVENUE NEAR-STABLE RESISTANCE OF ALL ACTIVITIES IN PARIS, DESPITE A DIFFICULT CONTEXT Aéroports de Paris SA (parent company)(1) Subsidiaries & Associates International and Aviation Retail & Services Real Estate Airport Other Activities Developments(2) €1,315m €680m €200m €63m €162m +0.
Slide 4: Growth in Business at Bars and Restaurants and Landside Shops
2016 9-MONTH REVENUE NEAR-STABLE GROWTH IN BUSINESS AT BARS AND RESTAURANTS AND AT LANDSIDE SHOPS Incl. Lugg. sorting: +€8m Rentals: ADP B&R: +€5m Security: -€6m +€5m Ingénierie: Landside Industrial -€6m shops: Hub One: services: ADPM: Incl. +€2m +€5m +€6m +€4m Traffic: +€9m Tariffs: -€1
Slide 5: Groupe ADP Traffic
GROUPE ADP TRAFFIC RESILIENCE OF PARIS TRAFFIC IN A CHALLENGING ENVIRONMENT IN EUROPE / MONTHLY CHANGE IN ADP TRAFFIC / ADP VS PEERS 9M 2016 / mpax 9M 2015 Q1 Q2 Q3 Q4 Paris-CDG+ORY 74 +0.9% 2016: +1.9% 2016: +1.2% 2016: -0.1% 2015: +2.0% 2015: +1.0% 2015: +8.2% 2015: + 0.0 % +0.7% Monthly London-He
Slide 6: Growth in Paris Aéroport Traffic
GROWTH IN PARIS AÉROPORT (PARIS AIRPORTS) TRAFFIC DRIVEN BY LOW COST AIRLINES AND BY CENTRAL AMERICA DESTINATIONS % Paris Aéroport (Paris airports) total traffic (departures & arrivals) 9M 2016 / 9M 2015 change in Paris France Europe North America 16.6% 44.2% 9.9% +0.1% +2.4% 0.0% French Overseas Mi
Slide 7: Sales/Pax Down at €17.9 but More Resilient Than Downtown Paris
SALES/PAX DOWN AT €17.9 BUT MORE RESILIENT THAN IN DOWNTOWN PARIS GOOD RESISTANCE OF FASHION BRANDS Evolution of sales/PAX(1) Resistance of Sales/PAX 19.4 19.7 in our airports compared to downtown In € +10.5% +8.4% 18.2 Paris +3.0% 17.9 19 17.7 +5.4% -7.6% Sales/PAX down 7.6%, to €17.9, 16.8 d
Slide 8: Detailed Explanation of the Revision of 2016 Forecasts
DETAILED EXPLANATION OF THE REVISION OF 2016 FORECASTS PUBLISHED ON 10 OCTOBER 2016(1) Delayed recovery of international traffic this summer Revision of 2016 traffic 2016 traffic growth now expected between +1.0% and +1.5% vs. 2015, growth assumption... excluding social events or snowfalls ... t
Slide 9: Appendices
APPENDICES
Slide 10: Aviation Revenue
AVIATION FIRST 9 MONTHS OF 2016 REVENUE / REVENUE: +0.1% In €m 1,314 1,315 Other income 29 31 Revenue from airport safety and security services 366 360 Airport fees (-0.2%): -€1m Traffic (of which traffic mix): +€9m Ancillary fees 156 164 Parking 103 113 Tariffs: -€10m Landing 160 175 Ancillary
Slide 11: Aviation: Groupe ADP Traffic by Airport
AVIATION GROUPE ADP TRAFFIC BY AIRPORT FOR THE FIRST 9 MONTHS OF 2016 Stake-weighted Groupe ADP 9M 2016/ 9M 2015 traffic (million stake(1) Change passengers) Paris Aéroport(2) @ 100% 73.8 +0.9% @ 25.5%(3) Mexico regional airports 0.6 +10.3% @ 16.7% Zagreb @ 20.8% 0.4 +6.7% Groupe ADP Jeddah-Hajj @ 5
Slide 12: Retail and Services Revenue
RETAIL AND SERVICES FIRST 9 MONTHS OF 2016 REVENUE / REVENUE STABLE In €m 680 680 Retail activities (-3.7%): -€12m Others 25 27 Rentals 103 108 Slowdown in international traffic Industrial service Unfavourable traffic mix and exchange rate revenue 93 99 Decrease in rents from airside shops par
Slide 13: Retail and Services: Retail Rents and Sales/Pax
RETAIL AND SERVICES ZOOM ON RETAIL RENTS AND SALES/PAX(1) FOR THE FIRST 9 MONTHS OF 2016 / RETAIL ACTIVITIES: -3.7% / 9M 2016 SALES/PAX: -7.6%, TO €17.9 In €m Sales/PAX (€) Of which: 326 314 exchange: -15.9% Others 35 car rentals: +2.0% 32 35.7 -9.6% Advertising 23 33.0 Bars and Restaurants 25 +8.6%
Slide 14: Real Estate Revenue
REAL ESTATE FIRST 9 MONTHS OF 2016 REVENUE / REVENUE: +0.4% In €m 199 200 Internal revenue 38 40 Others 23 23 External revenue (-0.9%): -€1m Buildings 61 61 Rent indexing(1): -€1m External revenue Internal revenue (+5.7%): +€2m Lands 77 77 9M 2015 9M 2016 (1) On 1 January 2016, the Cost of Constru
Slide 15: Real Estate: Projects Pipeline
REAL ESTATE PROJECTS PIPELINE AS AT THE END OF SEPTEMBER 2016 Airport Segment ADP role Operator Project Opening Floorspace (sq.m) Projects commissioned over 9 months of 2016 68,600 Offices and CDG Diversification Developer Sogafro/SDV 2016 37,500 warehouses Engine maintenance CDG Aeronautical Invest
Slide 16: International and Airport Developments Revenue
INTERNATIONAL AND AIRPORT DEVELOPMENTS FIRST 9 MONTHS OF 2016 REVENUE / REVENUE: -4.8% In €m 67 Revenue of ADP Ingénierie (-12.0%): -€6m 63 ADP Decrease in activity in the Middle-East Management 12 16 Backlog for 2016 – 2019 period: €67m ADP Revenue of ADP Management (+26.7%): +€4m Ingénierie 54
Slide 17: International Footprint – Passenger Traffic
INTERNATIONAL AND AIRPORT DEVELOPMENTS INTERNATIONAL FOOTPRINT – PASSENGERS TRAFFIC FOR FIRST 9 MONTHS OF 2016 13 regional airports in North and France Schiphol Group (8%) Liege (25.6%) Zagreb airport (ADP 20.8% Macedonia (100%) Georgia (76%) Central Mexico (25.5%) Paris-CDG: 50.1mpax 48.4 mpax
Slide 18: Other Activities Revenue
OTHER ACTIVITIES FIRST 9 MONTHS OF 2016 REVENUE / REVENUE: +3.9% In €m 162 156 Hub One (+5.5%): +€5m 58 59 Hub Safe Good performance of Telecom and Mobility divisions Hub Safe (+1.1%): +€1m Hub One 98 103 Gain of contract of Nantes airport in 2015 9M 2015 9M 2016 Groupe ADP - 9-month 2016 Revenu
Slide 19: 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
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