Aeroports de Paris · EURONEXT:ADP
Aeroports de Paris — 9M 2015 Earnings Presentation
18 slides from Aeroports de Paris's earnings presentation, Nov 3, 2015
Slide 1: 9-month 2015 Revenue
9-month 2015 Revenue 3 November 2015
Slide 2: Q3 2015 Highlights
Q3 2015 Highlights ˃ Very good trend in summer traffic and favourable base effect Traffic in Paris: +3.9% at end of September 2015 ˃ Refining of 2015 traffic growth assumption: ≥ 3.0% vs 2014 ˃ Strong growth of sales/PAX thanks to the new central square Retail of Hall K of 2E Terminal with Cartier,
Slide 3: Strong performance in 9m 2015 with revenue up by 5.3%
Strong performance in 9m 2015 with revenue up by 5.3% Growth driven by Aviation (+5.1%) and Retail (+4.3%) performance In €m Consolidated Airside shops: +€28m Revenue Advertising: +€3m ADP Ingénierie: +€5m growth +5.3% Incl. Security: +€13m De-icing: +€4m 2,194 7 Incl. 5 7 Tariffs: +€19m 1 1 5 Traff
Slide 4: Good performance across almost all segments
Good performance across almost all segments Aéroports de Paris SA (parent company) (1) Subsidiaries & Associates International and Aviation Retail & Services Real Estate Other Activities Airport Developments €1,314m €680m €199m €67m €156m +5.1% +4.3% -0.6% +8.9% +5.0% Airport fees: Airport Design: +
Slide 5: ADP Group traffic
ADP Group traffic Group traffic remains driven by TAV Airports ADP vs peers Monthly change in ADP traffic 9M 2015 vs. mpax 9M 2014 Q1 Q2 Q3 Q4 2015: +2.0% 2015: +1.0% 2015: +8.2% Paris-CDG + ORY 73 + 3.9 % 2014: +3.2% 2014: +3.6% 2014: +4.6% 2014: -0.6% Monthly In Mpax Var. London-Heathrow 57 + 2.3
Slide 6: Paris airports traffic
Paris airports traffic Strong contribution of Asia-Pacific, Middle East and North America % total ADP Change arrival and 9M 2015 / departure traffic 9M 2014 France North America 16.7% +2.1% Europe 10.0% +6.9% 43.5% +4.5% French Overseas Territories Middle East Asia/ Pacific 3.9% -1.4% 4.8% +6.5% 7.0
Slide 7: Strong growth in sales/PAX (+10.5% to €19.4) in 9M 2015
Strong growth in sales/PAX (+10.5% to €19.4) in 9M 2015 Constant and sustained growth in sales/PAX(€)(1) since 2006 19.4 Duty Free sales/PAX: +12.9% to €35.7 +10.5%19.0 ˃ Strong growth in fashion and accessories sales thanks to 18.2 19 17.7 17.5 +3.0% the new luxury offering at Terminal 2E (October
Slide 8: Appendix
Appendix 9-month 2015 Revenue│ 7
Slide 9: 9M 2014 pro forma
9M 2014 pro forma Impact at 9M 2014 limited to Retail and Services revenue and inter-seg. elim. 9M 2014 9M 2014 (in millions of euros) Variance Rationale as published Pro Forma Retail activities 292 - 292 No impact Car parks and access roads 138 - 139 No significant impact Internal energy sale
Slide 10: Aviation
Aviation 9M 2015 Revenue In €m Revenue: +5.1% 1313, 1,314 1,250 729 Other 1250 29 33 Airport fees (+5.5%): +€40m Revenue from airport safety and security 366 ˃ Tariffs: +€19m 354 services ˃ Traffic (including Mix effect): +€21m Ancillary 156 fees 142 Ancillary fees (+10.1%): +€14m 103 ˃ De-icing: +€
Slide 11: Aviation
Aviation Group traffic by airport Stake-weighted Change In millions of passengers ADP stake(1) traffic 9M 2015 / (m pax) 9M 2014 Paris (CDG + Orly) @ 100% 73.2 + 3.9 % (2) @ 25.5% Mexico - regional airports 0.5 + 16.3 % @ 16.7% Zagreb @ 21% 0.4 + 6.9 % ADP Group Jeddah – Hajj @ 5% 0.3 - 4.4 % Amman
Slide 12: Retail and Services
Retail and Services 9M 2015 Revenue In €m Revenue: +4.3% 705 680 652 25 21 Other 165 (1) 103 105 Rentals 93 76 97 Retail (+11.7%): +€34m Industrial Services 33 ˃ Airside shops (+13.2%): +€28m 134 Car parks 138 139 ˃ Advertising (+17.1%): +€3m Industrial services (-3.6%): -€4m 292 292 326 ˃ Decline o
Slide 13: Retail and Services
Retail and Services Detail of commercial rents and sales/PAX (1) Retail: +11.7% Sales/PAX 9M 2015: +10.5% to €19.4 326 In €m 292 Sales/PAX (€) 60 35.7 54 +12.9% 24 8 31.6 24 8 19.4 +10.5% 17.5 234 +13.2% 206 7.2 7.0 +3.3% 9M 2014 9M 2015 9M 2014 9M 2015 pro forma Rents Airside shops Bars & restauran
Slide 14: Real Estate
Real Estate 9M 2015 Revenue In €m Revenue: -0.6% 201 199 Internal revenue 39 38 Other 19 18 67 66 External revenue (-0.4%): -€1m Buildings ˃ Rent indexing: -€1m External revenue (1) Internal revenue down (-2.6%) Land 76 77 9M 2014 9M 2015 pro forma (1) Generated with third parties 9-month 2015 Reven
Slide 15: Real Estate: 2015 Guidance Secured
Real Estate: 2015 Guidance Secured Pipeline of projects at the end of Sept. 2015: 335,600 sqm to be delivered by 2015 Platform Segment ADP Role Operator Projects Opening Surface (sqm) Delivered projects 291,700 CDG Diversification Developer IBIS Hotel extension 2011 8,600 ORY Diversification Develop
Slide 16: International and Airport Developments
International and Airport Developments 9M 2015 Revenue In €m Revenue: +8.9% 67 61 Aéroports de 12 Paris 12 ADP Ingénierie revenue (+10.5%): +€5m Management ˃ Gain of new projects especially in the Middle-East ˃ First missions at Santiago de Chile airport ˃ 2015-2018 period backlog: €57m ADP Ingénier
Slide 17: Other Activities
Other Activities 9M 2015 Revenue In €m Revenue: +5.0% 156 148 Other 3 58 Hub Safe 52 Hub One(1) (+4.8%): +€5m ˃ Activity growth of the Mobility Division Hub Safe(2) (+11.2%): +€6m 98 ˃ Safety market gain in Nantes airport Hub One 93 9M 2014 9M 2015 pro forma (1) Formerly « Hub télécom » (2) Formerly
Slide 18: Forward looking statements
Forward looking statements 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 f