Aeroports De Paris · EURONEXT:ADP

Aeroports De Paris — 9M 2013 Earnings Presentation

21 slides from Aeroports De Paris's earnings presentation, Nov 15, 2013

  1. Slide 1: 9M 2013 Revenue

    9M 2013 Revenue 15 November 2013

  2. Slide 2: 9M 2013 Revenue is up by 4.7%

    9M 2013 Revenue is up by 4.7% 9M 2013/ Traffic figures (mpax) 9M 2013 9M 2012 change Main drivers ADP Group 96 +5.5% Paris Airports (CDG+ORY) 69 +1.1%  International: +2.8% TAV Airports Group @ 38% 24 +18.6%  Istanbul Atatürk: +14.9% 9M 2013/ Revenue (€m) 9M 2013 9M 2012 change Main drivers  Tari

  3. Slide 3: 9M 2013 Group Traffic up 5.5% Outperforms the Market

    9M 2013 Group Traffic up 5.5% Outperforms the Market Strong TAV Group Traffic Growth (+18.6%) and Improving Trend in Paris Improving Trend in Paris Airports ADP vs. Peers Since the Beginning of 2013 M pax 9M 13 / 9M 12 change Q1 Q2 Q3 Q4 2013: -0.8% 2013: +1.6% 2013: +2.0% Oct.: +5.0% Paris - CDG+OR

  4. Slide 4: International Traffic (+2.8%) Still Drives the Trend

    International Traffic (+2.8%) Still Drives the Trend Excellent Traffic Growth of Highly Contributive BRICs: +4.8% % of total traffic  Total traffic: +1.1% 9M 2013 / 9M 2012 change  International traffic *: +2.8% France  Incl. BRICs: +4.8% Europe 17.9%  Connecting rate: 23.8% North America 42.3%

  5. Slide 5: 9M 2013 Sales/Pax is Performing Well: +6.7% to €17.2

    9M 2013 Sales/Pax is Performing Well: +6.7% to €17.2 vs. €16.1 at 9M 2012 Steady, Sustained Growth in Sales/Pax * Strong H1 Results in Duty Free Partially Offset Since 2006 by Less Favourable Base Effect in Q3** Sales/pax (€) Duty Free (international area) 9M: +4.8%, at €31.3 19.0 19 18,0%  H1: +6.

  6. Slide 6: Best Overall Customer Satisfaction Improvement Since 2007

    Best Overall Customer Satisfaction Improvement Since 2007: +2.1pts Over the First 9 Months of 2013 at 88.1% Positive impact of the opening of new facilities (AC junction and satellite 4) and the refurbishment 90% of oldest terminals (CDG 1 satellites) 88.1% 88% +5.7pt vs. 2007 Specific actions dedic

  7. Slide 7: 2013 forecasts in detail

    2013 forecasts in detail Forecasts November 2013 vs. 2012 as published in February Update 2013 Passenger traffic assumption Stable +1.4% (Paris Airports) Group revenue Slight growth +4.5% to +5.0% Group EBITDA Slight growth +1.5% to +2.5%* CAGR2012-2015 < 3% OPEX parent co. CAGR2012-2015 < 3% and <

  8. Slide 8: APPENDIX

    APPENDIX 9M 2013 Revenue│ 7 Résultats semestriels 2009 │ 7

  9. Slide 9: Pro forma 2012

    Pro forma 2012 Impact of the application of the amendments to IAS 19: 2012 2012 In €m as Change pro forma published Revenue 2,640 2,640 - Employee benefit costs: -€4m (IAS 19 EBITDA 1,017 1,026 +9 revised), +€14m (change of presentation) Operating Income from Ordinary 645 655 +9 Activities Operating

  10. Slide 10: 9M 2013 Revenue is up by 4.7%

    9M 2013 Revenue is up by 4.7% In €m 12 3 10 10 45 9 30 +4.7% 2 065 +3.3% +6.9% +6.4% -26.3% +5.6% +4.0% 1 972 9M 2012 Airport fees Other Retail & Real estate Airport Other Inter- 9M 2013 revenue Aeronautical Services Investments activities segment revenue eliminations 9M 2013 Revenue│ 9 Résultats se

  11. Slide 11: Aviation

    Aviation 9M 2013 Revenue Airport fees up €30m (+4.5%) In €m Revenue: +3.3%  Tariff increase as of 04/01/12 (+3.4%) and as of 04/01/2013 (+3.0%): +€21m 1 198 1 238  Traffic (incl. mix effect): +€12m Other 32 revenues 32  Tariff incentive: -€3m 372 Airport 375 Ancillary fees up €13m (+9.7%) securit

  12. Slide 12: Aviation: Breakdown of 9M 2013 Group Traffic by Airport

    Aviation Breakdown of 9M 2013 Group Traffic by Airport 9M 2013 stake- 9M 13/ ADP stake (1) weighted traffic 9M 12 (m pax) change Paris (CDG + Orly) @ 100% 68.8 +1.1% Regional Airports Mexico @ 25.5% (2) 2.5 +5.1% Jeddah - Hajj @ 5% 0.2 -13.3% ADP Amman @ 9.5% 0.5 +3.0% Mauritius @ 10% 0.2 +2.8% Cona

  13. Slide 13: Aviation: Breakdown of Airport Fees

    Aviation Breakdown of Airport Fees Change In €m 9M 2013 13 / 12 Airport fees 689 +4.5% Passenger 446 +4.7% Landing 148 +2.0% Parking 95 +7.3% 9M 2013 Revenue│ 12 Résultats semestriels 2009 │ 12

  14. Slide 14: Retail and Services

    Retail and Services 9M 2013 Revenue In €m Revenue: +6.9% 708 Continued strong performance of Retail: 663 +€23m (+8.8%) 174  Sales/pax up 6.7%, at €17.2 Other revenue 159  Growth driven by satellite 4 and A/C junction at H1 2013 79 Rental revenue 76  Positive traffic mix with strong growth of 48 I

  15. Slide 15: Retail and Services: Breakdown of Retail Revenue

    Retail and Services Breakdown of Retail Revenue In €m Retail: +8.8% Airside shops : +€15m (+8.2%) 282  9M: sales/pax up 6.7%, at €17.2 incl. duty- 259 Other revenue 30 free sales/pax of €31.3 (+4.8%) 27 19 – H1: sales/pax up 8.5%, at €17.6 Advertising 16 24 B&R 22 10 – Q3: sales/pax up 3.7%, at €16

  16. Slide 16: Retail and Services: Breakdown of Sales / Pax

    Retail and Services Breakdown of Sales / Pax 9M 2013/ Sales/pax (€) 9M 2012 change 35 31,0 31,3 +4.8% 29,8 30 25 20 16,8 17,2 +6.7% 16,1 15 10 6,0 6,3 6,5 +8.0% 5 0 9M 2012 2012 9M 2013 Duty Paid Duty Free Total 9M 2013 Revenue│ 15 Résultats semestriels 2009 │ 15

  17. Slide 17: Real Estate

    Real Estate 9M 2013 Revenue In €m Revenue: +6.4% 199 187 Internal 40 38 revenue Other 20 External revenue up €10m (+6.8%) 20 Revenue  Indexation of leases as of 1st January: +€5m 65  Recent developments (incl. Altaï): +€8m Buildings 62  Terminations: - €4m External Revenue Internal revenue up €2m

  18. Slide 18: Real Estate: Pipeline of Projects as of September

    Real Estate Pipeline of Projects as of 30 September: 330,000 sqm to be delivered by 2015 Platform Segment ADP Role Operator Projects Opening Surface area (sqm) Delivered projects 242,600 CDG Diversification Developer IBIS Hotel extension 2011 8,600 ORY Diversification Developer Compass Operation pre

  19. Slide 19: Airport Investments

    Airport Investments 9M 2013 Revenue In €m Revenue: -26.3% ADPM revenue down €3m (-26.3%*) Excellent 9M results for TAV Airports** mainly due to strong traffic growth ADPM 11 (+18.6%): 8  Revenue: €920m (+12.5%)  EBITDA: €313m (+22.4%)  Net profit: €114m (+9%) 9M 2012 9M 2013 * -14.9% excluding re

  20. Slide 20: Other Activities

    Other Activities 9M 2013 Revenue In €m Revenue: +5.6% 178 188 Hub télécom up €17m (+21.7%)  Impact of acquisition of Nomadvance 51  Partially offset by a decrease in mobility and Alyzia 49 Sûreté traceability activities 40 ADPI down €9m (-17.7%) 49 ADPI  Impact of termination of projects in the M

  21. Slide 21: 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 presentation. These forward-looking di

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