Aeroports De Paris · EURONEXT:ADP
Aeroports De Paris — Q3 2024 Earnings Presentation
28 slides from Aeroports De Paris's earnings presentation, Oct 24, 2024
Slide 1: 2024 9-Months Revenue
2024 9-MONTHS REVENUE October 25th, 2024 Terminal 1 ◆ Paris-CDG 1
Slide 2: 2024 9-Months Highlights
2024 9-MONTHS HIGHLIGHTS Metro line 14 station ◆ Paris-Orly 2
Slide 3: 9M 2024: continued growth and strategic progress
9M 2024: continued growth and strategic progress Group HIGHLIGHTS Traffic 275.1MPax ◆ 9M traffic in line with our assumptions : ◆ Paris traffic up +3.8% in 9M 2024. FY traffic expected in the lower part of +8.1%1 Paris the +3.5%-5.0% hypothesis Traffic ◆ TAV Airports trends normalising : + 11.7 % ov
Slide 4: 9M 2024 traffic in line with our assumptions
9M 2024 traffic in line with our assumptions Paris Aéroport traffic Group traffic 1 In MPax In MPax 108.0 99.7 337.1 336.3 +3.8% +8.1% 82.7 78.4 257.6 254.5 275.1 75.6 9M 9M … … 2019 2020-2022 2023 9M 2024 2019 2020-2022 2023 9M 2024 1. Group traffic includes traffic from airports operated by Groupe
Slide 5: Paris Aéroport: traffic growth
Paris Aéroport: traffic growth Share of 9M 24 Traffic growth LOAD FACTOR LOW-COST TRAFFIC 9M 24 traffic vs. 9M 2023 traffic 11.2% 84.5% -0.5pt 29.2% +1.1pt Mainland France (5.0)% In 9M 2024 vs. 9M 2023 of 9M 2024 traffic vs. 9M 2023 4.6% CONNECTING RATE French Overseas T. +1.1% 45.3% 20.0% +0.2pt Eu
Slide 6: Traffic at TAV Airports and GMR Airports
Traffic at TAV Airports and GMR Airports TAV AI RPORTS 1 GMR AIRPORTS (GAL) Almaty 8.5 +21.2% Delhi 57;5 +7.7% MPax MPax Medina 7.9 +16.2% Hyderabad 20.1 +12.2% MPax MPax 30.9 +7.3% 5.4 Antalya MPax Medan -4.7% MPax 9.8 +9.0% 3.5 +37.7% Ankara MPax Goa MPax 83.1 +11.7% 86.5 +8.8% TAV Airports MPax G
Slide 7: Extime Paris sales per pax
Extime Paris sales per pax 1 First 9-months highlights Extime Travel Essentials €29.7 €31.4 Start of operations of the new JV in Feb. 2024 €22.7 Reopening of Terminal 2AC at the end of May 2024 FY FY €23.5 €30.6 … 2019 2020-2022 2023 2024 Q1 Q2 Q3 Q4 SPP in 9M 2024 at €31.4, up €1.7 (+5.6%) vs. 9M 2
Slide 8: Two bolt-on acquisitions, strengthening the Extime model
Two bolt-on acquisitions, strengthening the Extime model ◆ Creates touristic and culture experiences in Paris Operates exclusive terminals for with high-end services: & surrounding areas ◆ Private lounge, with F&B, spa… ◆ Well positioned with cultural venues & boat tours and ◆ Valet, private baggage
Slide 9: Solid revenue growth, up +€484M (+11.7%) to €4,605M
Solid revenue growth, up +€484M (+11.7%) to €4,605M In €M 4,605 (5) 4 1 PARISIAN ACTIVITIES 252 9 38 99 4,121 87 Retail and services International & airport development 9M 2023 Revenue Aviation Extime Duty Free Other retail Real estate TAV Airports AIG Other Other activities 9M 2024 Revenue Paris an
Slide 10: Finance bill for 2025: estimated effects to date
Finance bill for 2025: estimated effects to date Income tax Security activities Solidarity tax Infrastructure tax surplus funding on air tickets Temporary income Reduction of State Tax increase WHAT’S NEW? No change tax increase coverage of security costs on air tickets ADP SA ADP’s French tax ADP S
Slide 11: Outlook
OUTLOOK TAV OS Lounge ◆ Almaty 11
Slide 12: 2024 – 2025 targets confirmed
2024 – 2025 targets confirmed 2024 2025 GROUP TRAFFIC1 GROWTH > +8.0% vs. 2023 - Expected in the lower part of the hypothesis PARIS TRAFFIC GROWTH +2.5% to +4.0% vs. 2024 ASSUMPTIONS +3.5% to +5.0% vs. 2023 & TARGETS EXTIME PARIS SPP GROWTH - +3.0% to +5.0% vs. 2023 Incl. impacts of infrastructure t
Slide 13: Appendices
APPENDICES Terminal 1 ◆ Paris-CDG 13
Slide 14: Group traffic in 9M 2024
Group traffic 1 in 9M 2024 in Mpax Group traffic (Pax) 2024/2023 change Paris-CDG 52,930,773 +4.1% Paris-Orly 25,509,323 +3.2% Total Paris Aéroport 78,440,096 +3.8% Antalya 30,916,709 +7.3% Almaty 8,537,701 +21.2% Ankara 9,806,600 +9.0% Izmir 8,822,415 +8.4% Bodrum 3,744,352 +7.4% Gazipaşa 838,387 +
Slide 15: Aviation: 9M 2024 income statement
Aviation 9M 2024 – Income statement REVENUE (€M) +6.0% -12 1,534 24 3 17 1,534 8 1,447 48 9M 2023 Passenger fees Landing fees Parking fees Ancillary Revenue from Other income 9M 2024 Revenue airports safety & Revenue security services (in millions of euros) 9M 2024 9M 2023 2024/2023 Revenue 1,534 1,
Slide 16: Retail and services: 9M 2024 income statement
Retail and services 9M 2024 – Income statement REVENUE (€M) +10.6% 1,434 31 8 -9 5 4 51 1,297 47 9M 2023 Extime Duty Extime Travel Other retail Car parks and Industrial Rental income Other income 9M 2024 Revenue Free Paris Essentials Paris activities access roads services Revenue (in millions of eur
Slide 17: Retail and services subsidiaries
Retail and services subsidiaries RETAIL SUBSIDIARIES & JVS Ownership Functional Company Activity Notes Consolidation method as of 30/09/2024 Currency Extime Duty Free Paris Retail JV with Lagardère Duty Free 51% Full consolidation EUR (ex. Société de Distribution Aéroportuaire) Extime Travel Essenti
Slide 18: Real estate: 9M 2024 income statement
Real estate 9M 2024 – Income statement REVENUE (€M) +3.7% 4 -3 251 242 11 -3 9M 2023 Revenue Land Buildings Other external Internal revenue 9M 2024 Revenue revenue (in millions of euros) 9M 2024 9M 2023 2024/2023 Revenue 251 242 +€9M +3.7% Revenue: +€9M, driven by: External revenue 220 208 +€12M +5.
Slide 19: International and airport development
International and airport development 9M 2024 – Income statement REVENUE (€M) +20.4% 1,482 4 252 1,231 -5 9M 2023 Revenue AIG TAV Airports ADP Ingénierie, SDA 9M 2024 Revenue Croatie & others (in millions of euros) 9M 2024 9M 2023 2024/2023 Revenue 1,482 1,231 +€251M +20.4% Revenue: +€251M, driven b
Slide 20: TAV Airports main assets & subsidiaries
TAV Airports main assets & subsidiaries Expiration Ownership Functional Company Activity 2023 Traffic Consolidation method date (by TAV) Currency(1) AIRPORT COMPANIES TAV Kazakhstan Airport Operator, Fuel, F&B, Lounges, Ground Handling, Cargo - 9.5 Mpax 100%(2) Full consolidation USD TAV Ege Izmir a
Slide 21: TAV Airports: 2024 and 2025 guidances
TAV Airports: 2024 and 2025 guidances FY 2023 RESULTS 2024 GUIDANCE 2025 GUIDANCE (Includes New Ankara 2025+) REVENUE (€M) 1,309.7 1,500 – 1,570 14 -18% CAGR (2022-2025) expected 10 – 14% TOTAL PASSENGERS (M) 95.5 100-110 CAGR (2022-2025) expected INTER. PASSENGERS (M) 62.9 67-73 Above 2022 margin E
Slide 22: GMR Airports - main assets & subsidiaries
GMR Airports - main assets & subsidiaries STRUCTURE Groupe ADP GMR Group Public Incl. GMR Enterprises 27.0% 33.8% 45.7% 32.3% ECO. INTEREST* CAPITAL 27.3% 33.9% ECO. INTEREST* CAPITAL ECO. INTEREST* CAPITAL Listed - ISIN: INE776C01039 GMR Airports Limited 74%1 74%2 49% c.100%3 100% DIAL GHIAL PT Ang
Slide 23: A strong partnership with GMR
A strong partnership with GMR, in line with Groupe ADP’s multi -local approach 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 i
Slide 24: Other activities: 9M 2024 income statement
Other activities 9M 2024 – Income statement INCOME (€M) +4.5% 138 4 132 2 9M 2023 Income Hub One Others 9M 2024 Income (in millions of euros) 9M 2024 9M 2023 2024/2023 Products: up €6M Income 138 132 +€6M +4.5% Hub One 122 120 +€2M +1.7% 9M 2024 Results ◆ Groupe ADP 24
Slide 25: 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-O
Slide 26: Definitions
Definitions ◆ Revenue refers to revenues from the ordinary activities of selling goods and services and leasing ◆ Purchase of intangible assets corresponds to the acquisition of identifiable non-monetary assets activities as a lessor. It also includes financial revenue linked to operational activity
Slide 27: Financial calendar
Financial calendar (Subject to change) NEXT FINANCIAL PUBLICATIONS October traffic figures: 18 November 2024 2024 Full-year results: 19 February 2025 GROUPE ADP IS SCHEDULED TO ATTEND THE FOLLOWING CONFERENCES/EVENTS Broker Event Date Deutsche Bank Business Leisure and Transport Conference (London)
Slide 28: 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