Aeroports De Paris · EURONEXT:ADP
Aeroports De Paris — Investor Day (2019)
27 slides from Aeroports De Paris's investor day presentation, 2019
Slide 1: Sharing New Horizons – 2019 Investor Day
SHARING NEW HORIZONS 2019 INVESTOR DAY
Slide 2: Content
CONTENT 1 The success of a model 2 An exceptionnal potential 3 The ambition of a leader PAGE 2
Slide 3: The success of a model
1 The success of a model PAGE 3
Slide 4: A constantly transforming group
The success of a model A CONSTANTLY TRANSFORMING GROUP A changing identity A deep transformation of organizations since 2013 1945 Creation of the public institution An organization of Paris operations per 2005 Conversion into a French public limited process (passengers, aircraft, company (Société An
Slide 5: A group in competition
The success of a model A GROUP IN COMPETITION A competitiveness through investment A long time tariffs moderation (base 100 in 2009) Montant des plans d’investissement CRE 200 180 160 In € Bn 140 CRE (constant € beginning of era) 4 120 100 CRE 80 3 CRE CRE 60 1 2 6 2009 2010 2011 2012 2013 2014 2015
Slide 6: A group in development
The success of a model A GROUP IN DEVELOPMENT Growth of sales(1) /Pax The real estate growth (IAS 40 valuation) 3 000 In M€ 2,624 In € 2,434 2 500 2,238 2,349 19.7 2,110 2,007 2,111 17.7 18.2 18.2 18.2 18.4 1,837 16.8 2 000 1,628 14.3 15.1 1,373 12.4 1 500 1,187 10.7 11.6 983 1,077 1,063 9.8 1 000 5
Slide 7: A value-creating group
The success of a model A VALUE-CREATING GROUP The outperformance of the stock A dividend that doubled in five years 210 4,0 3.70 190 3.46 3,5 170 150 3,0 130 2.61 2.64 2.44 110 2,5 90 1.85 2,0 70 50 1,5 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018*(1) ADP CAC CAC (base ADP) (ADP
Slide 8: A leader regarding corporate social responsibility
The success of a model A LEADER REGARDING CORPORATE SOCIAL RESPONSIBILITY A continuous improvement of the extra-financial rating 89 EthiFinance rating 86/100 in 2018 87 86 85 83 82 81 79 78 One of the only French company of the « Transport » 77 sector and the only European airport present in 75 th
Slide 9: An exceptional potential
2 An exceptionnal potential PAGE 9
Slide 10: A unique airport system in Ile-de-France
An exceptionnal potential A UNIQUE AIRPORT SYSTEM IN ILE-DE-FRANCE Unique Parisian infrastructures in Europe with an integrated airport system: Paris-Charles de Gaulle, An exceptional existing Paris-Orly, Paris-Le Bourget capacity in Paris with a total of 10 runways A system leader 2nd European syst
Slide 11: Significant land reserves in Paris
An exceptionnal potential SIGNIFICANT LAND RESERVES IN PARIS Total of Groupe ADP Significant land buildable land reserves reserves in a context of land scarcity in Ile-de-France A reinforced connectivity 355 with Paris threw the planned hectares metros arrivals (lines 14,17 The reinforcement of and
Slide 12: The ultimate Parisian experience
An exceptionnal potential THE ULTIMATE PARISIAN EXPERIENCE A leading touristic place in Europe and worldwide The attractiveness of Paris and France, first visited country in the world with 87 million of tourists welcomed in 2017, as well as the attractiveness of the Île-de-France region, France’s fi
Slide 13: A strong international brand
An exceptionnal potential A STRONG INTERNATIONAL BRAND The new brand « Groupe ADP » created ADP Ingénierie footprint in 2016 carries the Group More than 750 references international expansion in around 100 countries since the creation of ADP Ingénierie in 2000 19 branches and subsidiaries around the
Slide 14: A financial strength
An exceptionnal potential A FINANCIAL STRENGTH An ever-growing A capacity to finance profitability thanks to the performance of the regulated the development both activities and the dynamism of in Paris and internationally the diversification activities A controlled financial structure A+ rating mai
Slide 15: A pool of expertise
An exceptionnal potential A POOL OF EXPERTISE 70 Recognized skills and values Unique and historic jobs accross an evoluting value chain years of airport experience An historical know-how in terms of engineering in the management A mutual enrichment respecting cultural diversity of Parisian pla
Slide 16: The ambition of a leader
3 The ambition of a leader PAGE 16
Slide 17: Confidence in the future
The ambition of a leader CONFIDENCE IN THE FUTURE Maintain of public service missions An operating Maintain of the current owernship conditions and model in Paris operation on the Parisian scope for 70 years strengthened by Confirmation of the integrity of the Parisian airport system the PACTE law M
Slide 18: An exceptional potential: competitiveness requirement on all Parisian platforms
The ambition of a leader AN EXCEPTIONNAL POTENTIAL COMPETITIVENESS REQUIREMENT ON ALL PARISIAN PLATFORMS ROCE Traffic of regulated scope on CAGR2021-2025 average= ERA WACC Proposal of + 2.6% 5.6% balance for the next regulation agreement 2025 regulated Tariffs OPEX lower than CAGR2021-2025 CPI + 1.3
Slide 19: Excellence in Paris
The ambition of a leader EXCELLENCE IN PARIS EXCELLENCE IN AIRPORT INFRASTRUCTURE EXCELLENCE IN RETAIL A new terminal of 35 to 40 million of passengers by 2037 A first commissionning The « Ultimate parisian shopping & dining for 7 to 10 million experience » or a unique experience passengers by 2028
Slide 20: The international conquest
The ambition of a leader THE INTERNATIONAL CONQUEST ASQ rate 35 to 40 higher than 4/5 airports for all international airports in 2025 managed worlwide in 2025 Contribution of 400 - 450 international activities million passengers in 2025 35% to 40% to the Group EBIT in 2025 PAGE 20
Slide 21: A global vision and a worldwide group acting locally
The ambition of a leader A GLOBAL VISION AND A WORLDWIDE GROUP ACTING LOCALLY Know-how Know-how Other platforms Know-how Paris best practice Best practice Best practice TAV & AIG Skills synergies & Innovation Projection abroad & Integration into territories Turkish Paris Other & Jordan specificities
Slide 22: A worldwide group vision
The ambition of a leader A WORLDWIDE GROUP VISION Today Tomorrow International Aviation Retail Aviation Paris Real Estate Retail Services GLOBAL Real Estate Services PAGE 22
Slide 23: Appendices
Appendices PAGE 23
Slide 24: 2018 key figures
Appendicies 2018 KEY FIGURES NUMBER OF PASSENGERS IN NUMBER OF GROUPE ADP NUMBER OF AIRPORTS PARISIAN AIRPORTS PASSENGERS MANAGED WORLDWIDE 105.3 MPAX 281.4 MPAX 25 REAL ESTATE AREA DEVELOPPED SALES / PAX(1) RETAIL SPACE IN 2018 18.4 58,075 m² 58,400 m² REVENUE EBITDA NET INCOME ATTRIBUTABLE TO THE
Slide 25: Upward revision of many 2020 group targets (1/2)
Appendicies UPWARD REVISION OF MANY 2020(1) GROUP TARGETS (1/2) Guidances published on 12 octobre 2015 New guidances + 2.8% / + 3.2% +2.5% CAGR2016-2020 CAGR2016-2020 Group traffic Of which international traffic: +3.6% Of which international traffic: +3.6% / +4% Regulated ROCE (2) 5.4% 5.6% / 5.8% D
Slide 26: Upward revision of many 2020 group targets (2/2)
Appendicies UPWARD REVISION OF MANY 2020(1) GROUP TARGETS (2/2) Guidances published on 12 octobre 2015 New guidances €23 on a full-year basis after delivery Sales/Pax Unchanged of the infrastructure projects 4 on a full-year basis Quality of service 4 after delivery of the infrastructure projects Gr
Slide 27: 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 d
Aéroports de Paris (Groupe ADP) — Investor Day (2019) on 6ix