Aeroports De Paris · EURONEXT:ADP
Aeroports De Paris — Q1 2025 Earnings Presentation
34 slides from Aeroports De Paris's earnings presentation, Apr 25, 2025
Slide 1: 2025 First quarter revenue
2025 First quarter revenue April 24th, 2025
Slide 2: First quarter 2025 Highlights
01 First quarter 2025 Highlights DUTY FREE AREAS ANTALYA 2
Slide 3: Solid start to the year, supporting full-year outlook
Solid start to the year, supporting full-year outlook KEY FIGURES FIRST QUARTER HIGHLIGHTS Group traffic Paris traffic ◆ Engaging stakeholders with the “CDG&VOUS” consultation – drawing 82.1 23.0 the long-term vision for Paris-CDG Mpax Mpax ◆ Advancing towards submission of an Economic Regulation Ag
Slide 4: General Management Committee: a new leadership setup to enhance strategic agility
General Management Committee: a new leadership setup to enhance strategic agility Philippe Pascal Chairman & Chief Executive Officer Justine Coutard Christelle de Robillard Régis Lacote Mathieu Daubert Loïc Aubouin Deputy CEO Executive Vice President Executive Vice President Executive Vice President
Slide 5: Recognition of Groupe ADP Airports quality of service – SKYTRAX 2025
Recognition of Groupe ADP Airports quality of service – SKYTRAX 2025 8 airports of the Group in the world’s Top 100 best airports Paris-CDG ; Paris-Orly ; Delhi ; Medina ; Hyderabad ; Goa and two new entries in the Top 100: Santiago & Ankara Paris-CDG remaining Europe’s best airport for the 4th year
Slide 6: +6 new bars & restaurants
La Rue Parisienne – An Extime Lifestyle offering for Paris-Orly’s international traffic F i r s t o p e n i n g s i n O r l y 4 o n A p r i l 1 1 th +6 new bars & restaurants +8 new shops Will leverage purchasing power of to progressively open in 2025 planned for 2026 Orly’s most contributive traffi
Slide 7: Capacity extension at Antalya airport
Capacity extension at Antalya airport Capacity extensions opened on April 12th Overall capacity reaching 65MPax from 35Mpax Retail areas enlarged 2.6 times, to c.33,300m² Secured refinancing of the new concession Signed long-term financing agreements with lenders New concession to start on January 1
Slide 8: First quarter 2025 Key indicators
02 First quarter 2025 Key indicators TERMINAL 2BD PARIS-CDG 8
Slide 9: Q1 2025 traffic: in line with our expectations
Q1 2024 traffic: in line with our expectations In Mpax / all X.X% vs. Q1 2024 Paris Aéroport traffic1 Group traffic2 108.0 363.7 103.4 337.1 +4.5% +6.7% … 23.7 22.0 23.0 72.2 77.1 82.1 … 2019 2020-2023 2024 Q1 2025 2019 2020-2023 2024 Q1 2025 Paris Aéroport: driven by international traffic Group : c
Slide 10: Extime Paris sales per pax up 2.2% to €33.4
Extime Paris sales per pax1 up 2.2% to €33.4 +10.1% +2.2% Continued strong underlying growth, despite headwinds: €32.7 €33.4 €30.3 ◆ Terminal 2AC: Fashion reopening in Q1 2025, partly offsetting the rebasing effect from its reopening in mid-2024. ◆ Intensifying works in terminal T2EK weighing on per
Slide 11: Delivering a solid revenue growth of +12.2%
Delivering a solid revenue growth of + 12.2 % In €M / all X.X% vs. Q1 2024 1,486 57 13 8 2 1,324 70 8 7 33 Retail & Services International and airport development Q1 2024 Aviation Retail activities Other retail Real estate TAV Airports AIG Other Other activities Q1 2025 Revenue & services Internatio
Slide 12: Financial outlook
Financial outlook 2025 targets confirmed 2026 outlook PARIS TRAFFIC GROWTH +2.5% to +4.0% vs. 2024 2026 targets will be determined EXTIME PARIS TARGETS SPP GROWTH +4.0% to +6.0% vs. 2023 i.e. SPP of €31.8 to €32.4 as part of the preparation of an Economic Regulation Agreement REC. EBITDA GROWTH >+7.
Slide 13: Update on strategic projects
03 Update on strategic projects TERMINAL 2F 13 PARIS-CDG
Slide 14: CDG&Vous: Public consultation of the infrastructure project for Paris-CDG 2050
CDG&Vous: Public consultation of the infrastructure project for Paris-CDG 2050 2050 strategic vision subject to the consultation Timeline A major multimodal station April 8th to serve the region Start of the consultation Phased & modular development ◆ Meetings with the public to accompany long-term
Slide 15: On track to submit our Economic Regulation Agreement proposal by year-end
On track to submit our Economic Regulation Agreement proposal by year-end Regulatory framework gaining clarity ERA supporting our long-term industrial vision ✓ In the law Tariff moderation now assessed over the full term of the ERA ◆ Welcome future traffic ◆ Secure returns on growth with the highest
Slide 16: Appendices
04 Appendices TERMINAL 1 PARIS-CDG
Slide 17: Paris Aéroport: traffic growth vs. Q1 2024
Paris Aéroport: traffic growth vs. Q1 2024 Share of Q1 2025 traffic growth Q1 2025 traffic vs. Q1 2024 LOAD FACTOR CONNECTING RATE1 LOW-COST TRAFFIC Mainland France 10.9% (-3,6)% 82.9% 22.6% 27.6% French Overseas T. 5.6% +2.7% -1.2pt +1.6pt +0.9pt Europe 43.2% +4.9% 2025/2024 variation is skewed by
Slide 18: Traffic at TAV Airports & GMR Airports
Traffic at TAV Airports & GMR Airports In Mpax / all X.X% vs. Q1 2024 TAV AIRPORTS 1 GMR AIRPORTS (GAL) Medina 3.3 +8.4% Delhi 20.6 +7.5% MPax MPax 3.0 7.8 Antalya -7.0% MPax Hyderabad MPax +20.0% 3.0 +5.0% 1.8 +2.8% Ankara MPax Medan MPax 2.7 +7.0% 1.3 Almaty MPax Goa -5.1% MPax 17.8 +4.4% 31.4 +9.
Slide 19: Group traffic in Q1 2025
Group traffic1 in Q1 2025 in Mpax Passenger traffic 25/24 change (in %) Aircraft movements 25/24 change (in %) Paris-CDG 15,903,578 +5.6% 106,901 +7.8% Paris-Orly 7,067,323 +2.2% 44,023 +3.5% Total Paris Aéroport 22,970,901 +4.5% 150,924 +6.5% Antalya 3,036,451 -7.0% 20,782 -6.0% Almaty 2,679,653 +7
Slide 20: Aviation – Q1 2025 Income statement
Aviation – Q1 2025 Income statement REVENUE (€M) +7.4% 480 9 1 3 1 447 19 Q1 2024 Passengers fees Landing fees Parking fees Ancillary fees Revenue from Other products Q1 2025 airport safety Revenue Revenue and security services (in millions of euros) 2025 2024 2025/2024 Revenue: up +€33M, to €480M,
Slide 21: Retail and services – Q1 2025 Income statement
Retail and services – Q1 2025 Income statement REVENUE (€M) +14.8% 1 489 (9) 50 426 15 5 Q1 2024 Extime Duty Extime Travel Other retail Car parks Industrial Rental Others Q1 2025 Revenue Free Paris Essentials activities and access services income Revenue Paris roads (in millions of euros) 2025 2024
Slide 22: Retail and services subsidiaries
Retail and services subsidiaries RETAIL SUBSIDIARIES & JVS Ownership Consolidation Functional Company Activity Notes as of 31/12/2024 method Currency Extime Duty Free Paris Retail JV with Lagardère Duty Free 51% Full consolidation EUR (ex. Société de Distribution Aéroportuaire) Extime Travel Essenti
Slide 23: Real Estate – Q1 2025 Income statement
Real Estate – Q1 2025 Income statement REVENUE (€M) +7.2% 104 97 3 3 (1) 2 Q1 2024 Land Buildings Other external Internal revenue Q1 2025 revenue Revenue Revenue (in millions of euros) 2025 2025 2025/2024 Revenue 104 97 +7 +7.2% Revenue: up +€7M, to €104M, of which: External revenue 91 87 +4 +4.6% ◆
Slide 24: International and airport development – Q1 2025 Income statement
International and airport development – Q1 2025 Income statement REVENUE (€M) +15.9% 451 13 (8) 389 57 Q1 2024 Revenue TAV Airports AIG Others Q1 2024 Revenue Revenue: up +€62M, to €451M, of which: (in millions of euros) 2025 2024 2025/2024 ◆ TAV Airports, up +€57M, linked with the traffic growth (+
Slide 25: TAV Airports: main assets & subsidiaries
TAV Airports: main assets & subsidiaries Expiration Ownership Functional Company Activity 2024 Traffic Consolidation method date (by TAV) Currency(1) AIRPORT COMPANIES TAV Kazakhstan Airport ops., Fuel, F&B, Lounges, Ground Handling, Cargo - 11.4 Mpax 100%(2) Full consolidation USD TAV Ege Izmir aip
Slide 26: TAV Airports: 2025 guidance
TAV Airports: 2025 guidance 2024 Results 2025 Guidance(1)(3) Revenue (€M) 1,660 1,750 – 1,850 Total Pax (M) 106.5 110 – 120 Intl Pax (M) 71.2 75 – 83 EBITDA (€M) 489.4 520 – 590 EBITDA Margin (%) 29.5 – 140-160 Capex (€M) 255.6 (+Almaty Investment Plan 2025)(2) Net Debt/EBITDA 3.52 2.5 – 3.0 1. TAV
Slide 27: GMR Airports: main assets & subsidiaries
GMR Airports: main assets & subsidiaries STRUCTURE Groupe ADP GMR Group Public Incl. GMR Enterprises 27.2% 33.9% 45.7% 32.3% ECO. INTEREST* CAPITAL 27.1% 33.8% ECO. CAPITAL ECO. CAPITAL INTEREST* Listed - ISIN: INTEREST* INE776C01039 GMR Airports Limited 74%1 74%2 49% c.100%3 100% DIAL GHIAL PT Angk
Slide 28: GMR Airports: capital & economic interest structure
GMR Airports: capital & economic interest structure Our stake is structured in two types of instruments : Ordinary shares & Preference shares (OCRPS) Positioning our partner GMR Group … while maintaining Groupe ADP’s substantial as the largest single shareholder economic interest (45.7%) in manageme
Slide 29: Other activities – Q1 2025 Income statement
Other activities – Q1 2025 Income statement REVENUE (€M) (7.0)% 43 (1) (2) 40 Q1 2024 Revenue Hub One Others Q1 2025 Revenue (in millions of euros) 2025 2024 2025/2024 Revenue 40 43 (3) (7.0)% Revenue: down €(3)M, to €40M Hub One 39 40 (1) (2.5)% Q1 2025 REVENUE GROUPE ADP 29
Slide 30: Debt position & repayment schedule
Debt position & repayment schedule Principal repayment schedule excluding interest as of 31/03/2025 in €M 1,863 615 1,513 Groupe ADP excl. TAV Airports and AIG 795 763 763 515 TAV Airports 563 513 513 521 294 Airport International Group 127 17 66 29107 24 13 129 136 121 91 95 2025 2026 2027 2028 202
Slide 31: 2025 Pioneers strategic roadmap indicators
2025 Pioneers strategic roadmap indicators N° Key Performance Indicator Scope 1* Make that 65% of flights depart on time or within 15 minutes of the scheduled time Airports controlled within Groupe ADP 2* Reduce average taxiing emissions per flight by 7% at Paris-CDG and Paris-Orly Paris-CDG & Paris
Slide 32: Definitions
Definitions Financial indicators: Definition and accounting of Alternative Performance ◆ Recurring EBITDA (previously referred to as “EBITDA”) is an accounting Measures (APM) as well as the segmentation of Group activities measure of the operating performance of Aéroports de Paris and its presented
Slide 33: Financial calendar
Financial calendar (Subject to change) NEXT FINANCIAL PUBLICATIONS April traffic May 15th, 2025 Dividend payment June 5th, 20251 Annual Shareholders' Meeting May 15th, 2025 2025 half year results July 30th, 2025 GROUPE ADP IS SCHEDULED TO ATTEND THE FOLLOWING CONFERENCES/EVENTS Broker Event Date Jef
Slide 34: 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 (including, if so, forecasts and objectives) are included i