Aeroports De Paris · EURONEXT:ADP
Aeroports De Paris — 9M 2010 Earnings Presentation
14 slides from Aeroports De Paris's earnings presentation, Nov 10, 2010
Slide 1: 9M 2010 Revenue
9M 2010 Revenue November 10, 2010
Slide 2: 9M 2010 key highlights
9M 2010 key highlights Traffic Almost stable on 9M despite the volcano In €m (unless Positive mix effect: international traffic up 9M 2010 ∆ 10 / 09 indicated otherwise) 1.8% Passengers (in m) 63.3 -0.2% Strong Q3: +3.1% Total revenue 2,036 +3.0% Revenue up 3.0%: all segments are growing Aviation 1,
Slide 3: Good performance in Q3: traffic up 3.1%
Good performance in Q3: traffic up 3.1% ADP vs. European airports Monthly traffic growth Q4 09 Q1 10 Q2 10 Q3 10 M pax 9M 2009 -2.4% +0.8% -4.5% +3.1% 4% 64.0 -2.1% 2% 0% -2% 63.3 -0.2% -4% -6% 40.1 +4.0% -8% -10% 38.9 +3.5% -12% -14% -16% 34.1 +2.5% -18% -20% Oct. 09 Jan. 10 April 10 July 10 BAA =
Slide 4: Positive traffic mix evolution
Positive traffic mix evolution Total traffic: -0.2% International traffic1: +1.8% France Connecting traffic: -5.7% Europe 18.4% 41.5% North America -3.0% -0.8% 10.0% +0.4% Asia / Pacific French overseas 6.1% territories Middle East +0.8% 3.8% 4.8% +2.8% +8.9% Latin America Africa 3.1% 12.2% -4.3% +2
Slide 5: Revenue up 3.0%
Revenue up 3.0% Strong performance of retail and services In €m 13 (14) 8 12 49 (23) 6 2,036 8 1,977 9M09 Volcano Q1 2010 Aviation Retail Real Groud Other Inter- 9M10 Revenue tariffs other effects & estate handling activities segment revenue Services eliminations 9M 2010 Revenue│ 5 Résultats semestr
Slide 6: Stable Aviation revenue
Stable Aviation revenue Aeronautical fees up 1.1% In €m Traffic effect: -€6m, driven par ATM decline Q1 2010 tariff increase:+€8m 1,089 1,089 Freeze of tariffs as of 1st of April 2010, but positive Other 35 34 impact of fee structure evolution Airport 331 331 Ancillary fees down 4.5% security tax Am
Slide 7: Retail and services continue to grow fast: +6.8%
Retail and services continue to grow fast: +6.8% In €m Strong performance of retail (+12.0%) Increase in sales/pax (13.6€ ; +13.3%) 682 JVs’ revenue up by 15,1% to €160m 638 145 Car parks up +4.3% Other 134 Increase in the average ticket per user Rental revenue 70 75 45 Decrease in industrial servic
Slide 8: Strong growth of Retail: +12.0%
Strong growth of Retail: +12.0% Very good performance in sales/pax: +13.3% to €13.6 In €m 309 276 38 37 7 20 Strong increase in sales/pax in restricted areas: 19 Fees: 7 +13.3% to 13.6€ Fees: 206 141 Good performance of terminal 2E (CDG) 186 123 especially in fashion and luxury Roll-out of performin
Slide 9: Real Estate up 7.3%
Real Estate up 7.3% Acquisition of Continental Square and commercial developments In €m 172 160 External revenue up 8.5% to €135m 37 Acquisition of Continental Square in November Internal 36 20091: +€11m revenue 18 Commercial development (+€9m): extension of Other 11 the FedEx hub, news rentals Term
Slide 10: Ground Handling revenue up 4.0%
Ground Handling revenue up 4.0% In €m Ground Handling up 4.7% New contracts won: +€6m 149 Loss of contracts: -€4m 142 Security Cessation of activity of airlines (MyAir and and 40 42 SkyEurope): -€3m Amendment of sub-contracting rules in CDG1 baggage sorting system: +€7m Ground Handling 102 107 Secur
Slide 11: Other Activities up 7.2%
Other Activities up 7.2% Positive impact of the acquisition of Masternaut In €m ADPI revenue down 13.4% Slowdown in activity in Saudi Arabia and in Libya 195 182 4 Ramp-up of new contracts in Qatar, Doha and ADP 4 9 Abu Dhabi ADPM 9 Back-log still high: €233m at the end of September 2010 Hub 106 80
Slide 12: APPENDIX
APPENDIX 9M 2010 Revenue│ 12 Résultats semestriels 2009 │ 12
Slide 13: Breakdown of Aeronautical fees
Breakdown of Aeronautical fees In €m 9M 2010 ∆ 10 / 09 Aeronautical fees 600.7 +1.1% Landing 142.1 -15.0% Parking 83.3 -10.5% Passenger 375.4 +12.4% 9M 2010 Revenue│ 13 Résultats semestriels 2009 │ 13
Slide 14: Sales/pax in restricted area: +13.3% at €13.6
Sales/pax in restricted area: +13.3% at €13.6 Sales / Pax1 (€) 24,3 21,1 21,3 13,6 12,0 12,4 5,3 5,5 5,6 9M 2009 2009 9M 2010 Duty paid Duty Free Total ¹ Sales of shops in restricted area per departing pax 9M 2010 Revenue│ 14 Résultats semestriels 2009 │ 14