Universal Registration Document 2024
1 PRESENTATION OF THE GROUP GROUPE ADP’S ACTIVITIES
1.1.2.2.1 General description of the retail activity The retail activities of Groupe ADP refer to paid activities aimed at the general public: passengers, the people accompanying them and staff working at the hubs. These include, for example, shops, bars and restaurants, banks and foreign exchange counters, car rental, advertising, tourism services, operation of exclusive terminals and, more generally, any other paid-for service (Internet, service stations, etc.). Retail activities are at the heart of Groupe ADP’s growth dynamic and thus contribute to the financial performance and appeal of its airports. Aéroports de Paris acts as a lessor,
developer, promoter and manager of retail activities, in particular through its retail subsidiaries: Extime Duty Free Paris, SDA Croatia, Extime Travel Essentials Paris, Extime Média, Extime Food & Beverage Paris, Paris Experience Group and Extime PS Inc. Extime Duty Free Paris and Extime Travel Essentials Paris have been fully consolidated in the Group’s financial statements since the second quarter of 2019. Extime Food & Beverage Paris was fully consolidated up until the end of October 2023 and has since been accounted for using the equity method. Extime Media has been fully consolidated since 2016. Paris Experience Group and Extime PS Inc are fully consolidated.
2024/2023 change
2024 1,930
2023 1,766
(in millions of euros)
Revenue
164 -43
Recurring EBITDA
735
778
Share of profit or loss in associates and joint ventures OPERATING INCOME FROM ORDINARY ACTIVITIES
-
-
-
600
637
-37
1.1.2.2.2 Revenue breakdown
2024/2023 change
2024 1,930
2023 1,766
(in millions of euros)
Revenue
+€164M +€146M +€63M +€64M
Retail activities
1,281
1,135 756
Extime Duty Free Paris
819 182 126
Extime Travel Essentials Paris (formerly Relay@ADP)
118 159
Other Shops and Bars and Restaurants
-€33M +€17M
Advertising
72 21 61
55
Société de Distribution Aéroportuaire Croatie
—
-€M
Hospitality and other revenue Car parks and access roads Revenue from industrial services
47
+€14M +€5M +€5M +€23M -€20M
178
173 198 179
203 202
Rental income Other income
62
82
A service-based mission: assisting passengers and giving them control over their time
THE HOSPITALITY APPROACH AT THE HEART OF GROUPE ADP’S STRATEGY
As an airport, Paris Aéroport has a duty to assist passengers at every stage, to guarantee them a seamless journey through our airports, with the aim of offering them control over their time and outstanding hospitality. When it comes to improving the customer experience, we can differentiate between two moments of the journey for which there are distinct customer expectations: u a first phase in the public areas, where passengers will on average spend around one hour and have to go through the mandatory steps: check-in, screening and border controls, if they have an international flight. Passenger stress is high until these various steps have been completed. Our role is to make the passenger experience as smooth as possible and to make time management a priority; u a second phase in the reserved areas, which is much calmer when the controls and baggage check-in steps have been completed: this is where passengers enter the Extime universe. Once they have found their boarding gate, their stress levels drop. Passengers spend around two hours on average in the reserved areas, and our aim is for them to explore and have a good time.
The principal gateway to Paris and also a gateway to the world, Paris Aéroport represents the first and last memory of Paris for millions of passengers. The brand's ambition is therefore to assist them and offer an outstanding airport hospitality experience, highlighted by personalised customer care. Paris Aéroport expresses this ambition with a striking tagline, Paris Vous Aime (Paris loves you), combining a message of welcome, of goodbye, and an invitation to come back again. To live up to this commitment to hospitality and high-quality experience, Paris Aéroport has set two missions: one of which is service-based and the other emotion-based. This section describes the implementation of the hospitality strategy and the main measures taken in 2024 to improve the customer experience. The hospitality strategy is detailed in section S4-1 of the Sustainability Report's ESRS S4 – Consumers and end users. In particular, it presents the system of governance, strategy management (ambition, objectives), a description of the measurement tools and their main results, as well as the specific actions taken with regard to the most vulnerable customers, in particular people with disabilities.
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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024
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