Aeroports de Paris · EURONEXT:ADP
Aeroports de Paris — Q1 2011 Earnings Presentation
16 slides from Aeroports de Paris's earnings presentation, May 13, 2011
Slide 1: Q1 2011 Revenue
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Slide 2: Q1 2011 highlights
Q1 2011 highlights Traffic up 3.9% Strong growth in January and February Momentum affected in March by political unrest in Africa In €m (unless Q1 2011 ∆ 11 / 10 and the Middle East and by events in Japan indicated otherwise) Passengers (in m) 18.9 +3.9% Revenue slightly down, due to non-recurring e
Slide 3: Traffic up 3.9% in Q1 2011
Traffic up 3.9% in Q1 2011 ADP is leading in the European scene Traffic affected by negative factors Q2 10 Q3 10 Q4 10 Q1 11 M pax YTD change -4.5% +3.1% +2.4% +3.9% 18.9 +3.9% 8% 4% 18.7 +0.6% 0% -4% 11.8 +3.7% Bad weather -8% conditions Events in Africa, 11.0 +0.0% -12% ME and Japan -16% 10,0 +7.5
Slide 4: Traffic by destinations
Traffic by destinations Total traffic: +3.9% International traffic*: -0.2% France Connecting traffic: -0.2pt Europe 19.7% 40.3% North America +7.9% +6.3% 8.3% +3.7% Asia / Pacific French overseas 7.1% territories Middle East +6.9% 4.5% 4.5% +2.6% -9.4% Latin America Africa 4.1% 11.4% -1.6% -3.6% % o
Slide 5: Recent traffic trends: April 2011
Recent traffic trends: April 2011 Buoyant traffic in April Traffic up 27.6% and +3.2% excluding volcano Strong momentum on Spain, Germany, China and Algeria Year-to-date traffic: +9.7% (+3.7% excluding volcano) ADP 2011 traffic guidance ensured provided next 8 months with an average growth rate betw
Slide 6: Revenue slightly down: -0.4%
Revenue slightly down: -0.4% Good performance of Aviation excluding de-icing and Retail and Services In €m 4 1 9 1 7 9 10 1 646 644 Q1 10 Aviation De-icing Retail & Industrial Real Ground Other Inter- Q1 11 Revenue excl. Services services estate Handling activities segment Revenue de-icing excl. ind
Slide 7: Aviation up 0.7%
Aviation up 0.7% Traffic growth partially offset by a decrease in de-icing revenue Aiport fees up 3.4% In €m Pax and ATM up 3.9% 331 333 Adverse traffic mix evolution: international traffic Other 12 11 down 0.2% Airport Freeze of tariffs as of 1 April 2010 98 100 security tax Ancillary fees down 10.
Slide 8: Retail and services up 2.0%
Retail and services up 2.0% Strong performance of retail partially offset by a decrease in industrial services In €m Strong performance of retail: +9.5% Increase in sales/pax : +7.3% to €15.0 230 235 JVs’ revenue up 10.0% to €52m Other revenue 55 53 Car parks up +6.2% Rental revenue 23 23 Increase i
Slide 9: Continued growth of Retail: +9.5%
Continued growth of Retail: +9.5% Very good performance in sales/pax: +7.3% to €15.0 100 92 12 12 7 Ongoing increase in sales/pax: +7.3% to €15.0 6 67 Very good performance of terminal 2E 61 46 especially in fashion and luxury goods 42 Strong growth of heavy-spender pax (Chinese) Despite the negativ
Slide 10: Strengthening of our JVs with Lagardère Services
Strengthening of our JVs with Lagardère Services* Fashion and Accessories: Core Business: SDA Presse and souvenir: Relay project to merge SDA &DFP Lease extended until 31 October New concepts Pool resources and work on 2019 Enhanced product offer: common projects in order to souvenirs, snacks, bever
Slide 11: Real Estate up 2.1%
Real Estate up 2.1% In €m 57 58 Internal revenue 12 12 External revenue up 2.6% to €46m Other external 6 revenue 6 Commercial development: +€2m Slight positive effect of indexation of leases: 20 +1.27% applied as of 1st January 2011 Buildings 20 Terminations of leases: -€2m Other effects:+€1m Lands
Slide 12: Ground Handling and related services up 1.2% thanks to security
Ground Handling and related services up 1.2% thanks to security In €m 45 45 Security 13 13 Ground Handling down 1.2% Negative portfolio scope effect Price/Volume effect slightly positive Ground Handling 32 32 Security up 7.1%: volume effect Q1 10 Q1 11 Q1 2011 Revenue│ 12 Résultats semestriels 2009
Slide 13: Other Activities down 13.7%
Other Activities down 13.7% In €m Hub télécom revenue down 2.1% Difficult environment on UK market for ADP 70 Masternaut: -€2m ADPM 3 Growth in sales of mobility solutions: +€1m 60 2 Disposal of Masternaut Group as of April 2011 allowing Hub télécom to focus on its core ADPI 29 business: telecoms an
Slide 14: APPENDIX
APPENDIX Q1 2011 Revenue│ 14 Résultats semestriels 2009 │ 14
Slide 15: Breakdown of Airport fees
Breakdown of Airport fees In €m Q1 11 Q1 10 ∆ 11 / 10 Airport fees 183 177 +3.4% Landing 43 49 -11.2% Parking 27 28 -4.9% Passenger 113 100 +12.9% Q1 2011 Revenue│ 15 Résultats semestriels 2009 │ 15
Slide 16: Sales/pax in restricted areas: +7.3% at €15.0
Sales/pax in restricted areas: +7.3% at €15.0 In € Q1 11 Q1 10 ∆ 11 / 10 2010 Sales/pax 15.0 14.0 +7.3% 14.3 Duty-free 27.9 24.5 +13.6% 25.3 Duty-paid 5.7 5.8 -1.0% 5.8 Q1 2011 Revenue│ 16 Résultats semestriels 2009 │ 16