Aeroports De Paris · EURONEXT:ADP
Aeroports De Paris — Q1 2014 Earnings Presentation
20 slides from Aeroports De Paris's earnings presentation, May 14, 2014
Slide 1: Q1 2014 Revenue
Q1 2014 Revenue 14 May 2014 AEROPORTS DE PARIS
Slide 2: Q1 2014 Key Highlights
Q1 2014 Key Highlights Passenger traffic Good growth momentum Mild winter External effects Strong euro Negative cost of construction index Change in the scope Mothballing of electricity plant of activity Financial Discipline Continued control over OPEX Good traffic trend in Q1 not transl
Slide 3: Q1 2014 Revenue is Down by 2.4% (1/2)
Q1 2014 Revenue is Down by 2.4% (1/2) Good Traffic Figures Offset by Lower De-icing Fees and Electricity Plant Mothballing Tariffs: +€6m Traffic: +€6m In €m Incl. de-icing fees: -€14m Incl. electricity activity: -€12m 11 9 3 Rent indexing: -€1m* 3 New tenancies: +€2m Lease terminations: -€2m 15 ADPI
Slide 4: Q1 2014 Revenue is Down by 2.4% (2/2)
Q1 2014 Revenue is Down by 2.4% (2/2) Good Traffic Figures Offset by Lower De-icing Fees and Electricity Plant Mothballing Parent Company Subsidiaries & Equity Investments*** International and Airport Aviation Retail & Services Real Estate Other Activities Developments ADPI: -31.4%, to €13m Airport
Slide 5: Q1 2014 Group Traffic Continues to Outperform the Market
Q1 2014 Group Traffic Continues to Outperform the Market Strong Traffic Growth at Paris Airports (+3.6%) and TAV (+15.6%) ADP Group Traffic bolstered by Continued Strong Growth in Paris in Q1 and TAV Group April 2014 M pax Q1 14 vs. Q1 13 Q1 Q2 Q3 Q4 2014: +3.6% April: +6.6% 1st Paris - CDG+ORY 20 +
Slide 6: Continued Favourable Mix Traffic in Paris
Continued Favourable Mix Traffic in Paris International Traffic up 4.3% Still Drives the Trend % of total traffic Q1 2014 vs. Q1 2013 Total traffic: +3.6% France International traffic*: +4.3% Europe Connecting rate: 26.0% 18.1% North America 40.0% +1.4% +3.9% 8.2% +4.0% Asia / Pacific French o
Slide 7: Q1 2014 Sales/Pax up 1.1% to €18.0 Driven by Duty Paid
Q1 2014 Sales/Pax up 1.1% to €18.0 Driven by Duty Paid Steady, Sustained Growth in Sales/Pax * Good Performance of Duty Paid Since 2006 Q1 14: Sales/pax (€) €18.0 Duty Free Q1: flat at €31.7 +1.1% 19.0 Positive impact of traffic growth (+3.6%) 19 18,0% 17.7 Negative impact of FX 16,0% 16.8 +5.3%
Slide 8: Appendix
Appendix ee — __ AEROPORTS DE PARIS
Slide 9: New segment: International and Airport Developments
New segment: “International and Airport Developments” Pro forma 2013 Name International and airport Other activities International and airport developments: developments Q1 H1 9M 2013 Q1 2013 H1 2013 9M 2013 In €m 2013 Pro 2013 pro 2013 Pro 2013 Pro forma forma forma forma 100% ADPI 100% ADPI Re
Slide 10: Aviation
Aviation Q1 2014 Revenue In €m Revenue: +0.5% 375 376 Airport fees: +€11m (+5.8%) Other revenue 11 11 Tariff increase (+3.0%) : +€6m Revenue from Traffic (incl. mix effect): +€6m airport safety and 113 114 +0.9% Tariff incentive: -€1m security services 45 Ancillary fees: -€11m (-19.4%) Ancilla
Slide 11: Aviation: Breakdown of Q1 2014 Group Traffic by Airport
Aviation Breakdown of Q1 2014 Group Traffic by Airport Q1 2014 stake- Q1 14/ ADP stake * weighted traffic Q1 13 (m pax) change Paris (CDG + Orly) @ 100% 20.1 +3.6% Regional Airports Mexico @ 25.5%** 0.8 +6.8% Zagreb @ 21% 0.1 -2.7% ADP Jeddah - Hajj @ 5% 0.0 +18.3% Group Amman @ 9.5% 0.2 +12.1% Maur
Slide 12: Aviation: Breakdown of Airport Fees
Aviation Breakdown of Airport Fees Q1 2014 In €m Q1 2014 vs. Q1 2013 Airport fees 206 +5.8% Passenger 130 +6.4% Landing 46 +4.4% Parking 30 +5.2% Q1Q1 2014 Revenue│ 2014 11 revenue | 11
Slide 13: Retail and Services
Retail and Services Q1 2014 Revenue In €m Revenue: -4.4% Retail: +€1m (+1.4%) 234 224 Sales/pax up 1.1%, at €18.0 Other revenue 56 56 Car parks: +€3m (+7.8%) Rental revenue 26 Increase in tariffs 27 Industrial 29 13 -53.7% services Industrial services: -€15m (-53.7%) Car parks 39 43 +7.8% Moth
Slide 14: Retail and Services: Breakdown of Retail Revenue
Retail and Services Breakdown of Retail Revenue In €m Retail: +1.4% 84 85 Airside shops: +€3m (+4.8%) Other revenue 10 9 Traffic up 3.6% 6 Sales/pax up 1.1%, at €18.0: Advertising 6 7 B&R 8 3 – duty-free sales/pax of €31.7 (stable) 3 – duty-paid sales/pax of €7.0 (+6.4%) Landside shops Bars and
Slide 15: Retail and Services: Breakdown of Sales / Pax
Retail and Services Breakdown of Sales / Pax Q1 2014 vs. Sales/pax (€) Q1 2013 35 31.7 32.0 31.7 +0.0% 30 25 20 17.8 17.7 18.0 +1.1% 15 10 6.8 7.0 6.6 +6.4% 5 0 Q1 2013 2013 Q1 2014 Duty Paid Duty Free Total Q1Q1 2014 Revenue│ 2014 14 revenue | 14
Slide 16: Real Estate
Real Estate Q1 2014 Revenue In €m Revenue: -1.6% 66 65 Internal 13 13 revenue Other Revenue 7 6 External revenue: -€1m (-1.7%) Indexation of leases as of 1st January: -€1m 21 Recent developments: +€2m Buildings 21 External Terminations: - €2m Revenue Internal revenue: -€0.2m (-1.4%) Land 25 25
Slide 17: Real Estate: Pipeline of Projects
Real Estate Pipeline of Projects as of 31 of March: 334,400 sqm to be delivered by 2015 Platform Segment ADP Role Operator Projects Opening Surface (sqm) Delivered projects 242,600 CDG Diversification Developer IBIS Hotel extension 2011 8,600 ORY Diversification Developer Compass Operation premises
Slide 18: International and Airport Developments
International and Airport Developments Q1 2014 Revenue In €m Revenue: -26.9% ADP Ingénierie revenue: -€6m (-31.4%) Impact of termination of projects in the Middle 22 East Backlog 2014 – 2018: €76m at end of March 2014 16 ADPM revenue: -€0.1m (-4.4%) ADP Ingénierie 18 This segment also includes (
Slide 19: Other Activities
Other Activities Q1 2014 Revenue In €m Revenue: -1.0% 47 47 Others Alyzia Sûreté 16 16 -0.7% Hub One: +€0.7m (+2.5%) Increase in mobility activity Alyzia Sûreté: -€0.1m (-0.7%) Hub One 30 30 +2.5% Q1 2013 Q1 2014 pro forma Q1Q1 2014 Revenue│ 2014 18 revenue | 18
Slide 20: About Aéroports de Paris
About Aéroports de Paris Aéroports de Paris builds, develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2013, Aéroports de Paris handled more than 90 million passengers and 2.2 million tonnes of freight and mail at Paris-Charles de Gaulle and Paris-O