2022 Universal Registration Document
Presentat i on of the Group
Group activities
AIRSIDE AND LANDSIDE SHOPS The proposed range of shops within Aéroports de Paris terminals falls into two broad categories: ◆ the strategic activities, which embody the positioning as “The ultimate Parisian shopping & dining experience” and which represent the areas with the best returns, i.e. Beauty (perfumes and cosmetics), Fashion & Accessories and Art of Living (gastronomy, confectionery, wines and spirits). Aéroports de Paris has gradually chosen to have these activities operated by Extime Duty Free Paris 1 which is co-owned by Lagardère Duty Free (a Lagardère Group company), and which operates the Beauty, Alcohol and Tobacco businesses as well as part of Gastronomy and Fashion and Accessories; ◆ leisure and convenience activities: Newsagents, Bookshops, Photo-Video-Sound, Souvenirs, Convenience and Gifts, Toys and Pharmacies. A retail subsidiary, Relay@ADP, has existed in part of this area since 4 August 2011 2 which operates the Press, Bookstore, Convenience and Souvenir businesses. Relay@ADP is 50% owned by Aéroports de Paris and 50% by Lagardère Travel Retail. Bars and restaurants Aéroports de Paris receives income from the operators of bars and restaurants, essentially based on the revenue from the business in question. For Aéroports de Paris, revenue from retail activities is therefore closely linked to the gross revenue received by these operators. Until 2015, the bars and restaurants were mainly operated by third parties, although Relay@ADP opened a first restaurant unit under the Kayser brand in December 2012. Since 1 February 2016, a commercial subsidiary, EPIGO 3 50% owned by Aéroports de Paris and 50% by Select Service Partner (SSP), has become a fast food restaurant operator at several Paris-Charles de Gaulle terminals. At Paris-Orly and Paris-Charles de Gaulle, the bar and restaurant business is managed by several operators, including Extime Food Beverage Paris 4 . Advertising Advertising at Aéroports de Paris airports is managed by Média Aéroports de Paris SAS, a French simplified joint stock company created in June 2011 50% co-owned by Groupe ADP and 50% by JC Decaux France SAS. It has been fully consolidated since 2016. The primary function of Média Aéroports de Paris is to operate and market advertising space and, additionally, to run a television network dedicated to passenger/airport relations, notably at airports operated by Aéroports de Paris in the Paris region. The terms of governance and exclusion of the joint partner are essentially similar to those applicable to Extime Duty Free Paris 5 . Subject to the authorisation of the European Commission as the competent competition authority, it is planned that Média
Aéroports de Paris will soon be renamed Extime Média and that the partnership between Aéroports de Paris and JC Decaux SE will continue, since JC Decaux SE was selected following a consultation conducted in March 2022 to be co-shareholder of Aéroports de Paris in Extime Media. Banking, foreign exchange, car rentals and other retail activities Aéroports de Paris receives revenue from car rental companies, banking and foreign exchange activities and several for-fee services (luggage wrapping and storage…). Commercial income is based on airport revenues. Rental income comes from leases for non-retail space within the terminals. Industrial services Industrial services include: ◆ the supply of heat for heating purposes, through thermal installations and hot water distribution networks; ◆ the supply of cold for the air conditioning of the facilities, thanks to refrigeration units (powered by electricity) and chilled water distribution networks; ◆ drinking water supply and wastewater collection; ◆ waste collection; and ◆ the power supply. Most of the electricity used at the airports is purchased externally, although Aéroports de Paris does have some generating capability to cover its aviation facilities immediately in the event of an interruption in supply. Parking and mobility This activity covers parking in car parks (passengers and employees), rapid drop-off and pick-up of passengers (drop-off, private car park) as well as car rental and gas stations in the form of concessions. The infrastructure relating to this scope of activity represents approximately 47,000 spaces spread over 31 car parks (28,000 spaces in 14 parks at Paris-Charles de Gaulle, 19,000 spaces in 17 parks at Paris-Orly), 11 drop-off centres, 10 professional car parks and 4 rental car parks. This activity generated a total of €173 million in revenue in 2022, including €145 million in parking lots (passengers and employees) and, for concessionaires, €10 million in state fees and €17 million in commercial fees (percentage of revenue generated on our platforms by retailers). In addition to the financial challenges, this activity represents a major challenge in terms of quality of service, being the first and last point of contact with Paris airports for 70% of its users. It is therefore a key element of the customer experience, which must be integrated into Groupe ADP’s overall hospitality approach.
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1 For more details, see the description of Extime Duty Free Paris (formerly Société de Distribution Aéroportuaire) in Section 1.1.3.2.6 of this document. 2 For more details, see the description of Relay@ADP in Section 1.1.3.7 of this document. 3 For more details, see Section 1.1.2.3.6 of this document. 4 For more details see Extime Food Beverage Paris in Section 1.1.3.2.6 of this document. 5 For more details, see the description of Extime Duty Free Paris (formerly Société de Distribution Aéroportuaire) in Section 1.1.3.2.6 of this document.
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AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 2022
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