Universal Registration Document 2024
PRESENTATION OF THE GROUP 1 GROUPE ADP’S ACTIVITIES
Campus Extime In order to standardise the experience of the various operators and ensure that the standards of excellence are passed on to all employees of the Extime operating companies, in 2024, Groupe ADP launched the Extime Campus, a training organisation shared by all Extime operating companies. The Extime Campus, a full-fledged academy of operational excellence, provides all Extime employees with training in the brand’s principles, its standards of excellence and its values, and helps to increase the perception of Extime as a community and a club within a terminal. The Extime Campus also provides business training and organises events for each of the certified operators, the Extime Paris franchisee and the Extime franchisor. THE DEPLOYMENT OF A COMPREHENSIVE AND RELEVANT RETAIL OFFERING WITHIN OUR TERMINALS The Extime brand capitalises on all the expertise deployed over several years at the Paris hubs and brings it together under a single brand. Embodied by the collection of boutique hotels, Extime offers our passengers a unique experience, imbued with a strong Parisian identity, like the Terminal 1 junction, Terminal 2G or the new international area at Orly 4, designed by internationally renowned French designers. Available in three types of terminal (Exclusive, Premium and Lifestyle), Extime offers a range of services, restaurants and shops in the reserved areas tailored to different passenger profiles, backed up by the Extime Rewards loyalty programme and the Extime.com e-retail website. Groupe ADP acts as lessor to the retail operators and as manager through its retail subsidiaries Extime Duty Free Paris, Extime Travel Essentials Paris, Extime Food & Beverage Paris and Extime Média. Extime Duty Free Paris (formerly Société de Distribution Aéroportuaire) was created in 2022 as part of the roll-out of the Extime brand. The company’s share capital, as a French simplified joint stock company (SAS) incorporated under French law, is 51% owned by Aéroports de Paris and 49% by Lagardère Duty Free, a subsidiary of Lagardère Travel Retail. It operates almost 107 points of sale covering 29,000 sq.m., including all the beauty, alcohol, tobacco, gourmet food and technical product shops (under the FNAC banner), as well as certain fashion shops for which Lagardère Travel Retail provides a procurement service as an industrial services provider. Aéroports de Paris and Lagardère Duty Free have set up a balanced governance that mainly includes: u a Chairmanship held by a natural person who is appointed and renewed by Aéroports de Paris; u a collegial body called the “Board” which is composed of 10 individuals (including the Chairman) appointed equally by the two partners. The Articles of Association provide that Aéroports de Paris has a call option exercisable on the shares held by its co - partner in the event of a disagreement that is not otherwise remedied within the governance. Aéroports de Paris considers that it has exercised accounting control of A range of shops to suit all our passengers Extime Duty Free Paris: the ultimate Parisian shopping experience
the Company since April 2019. Accounted for on an equity basis until that time, Extime Duty Free Paris’ accounts have been fully consolidated since then. In addition to its activities in Paris, Extime Duty Free Paris has a retail operation in Croatia through its subsidiary SDA Croatia (formerly included in the "International hubs" section and now presented in the "Retail and services" section). This subsidiary was created in 2014 when Aéroports de Paris and Lagardère Duty Free acquired the entire share capital and voting rights of MZLZ-TRGOVINA d.o.o (a subsidiary managing the retail spaces at Zagreb airport in Croatia), now SDA Croatia. The purpose of the company is to operate shops at Zagreb airport for a total period of 15 years. In 2024, the revenue of SDA Croatia d.o.o. reached €21 million, in line with 2023. Extime Travel Essentials Paris: a certified operator focusing on leisure and travel essentials The Travel Essentials activities (books and press publications, gifts and souvenirs, groceries, and takeaway-snacks, and travel accessories) are run by a subsidiary formed in 2023: Extime Travel Essentials Paris (formerly Relay@ADP). Following a call for tenders, Lagardère Travel Retail was chosen to continue this activity alongside ADP as from February 2024 (share capital 50% owned by Aéroports de Paris and 50% by Lagardère Travel Retail). It is a French simplified joint-stock company incorporated under French law, chaired by ADPLS Présidence, a French limited liability company (SARL) jointly owned by Aéroports de Paris and Lagardère Travel Retail, which respectively appoint the two co-managers. The terms of governance and exclusion of the co-partner of this company are essentially similar to those applicable to Extime Duty Free Paris. Following an amendment to the Articles of Association granting Aéroports de Paris a call option exercisable on the shares held by its co-partner in the event of a governance deadlock that cannot be resolved by other means, Aéroports de Paris considers that it has exercised accounting control over Extime Travel Essentials Paris since April 2019. Accounted for on an equity basis until that time, Extime Travel Essentials Paris’ accounts have been fully consolidated since then. Since 1 February 2024, Extime Travel Essentials Paris has operated more than 60 points of sale, representing 6,500 sq.m. of retail space, notably under the Relay banner and in partnership with a large number of brands. The ambition of the subsidiary is to create a new dynamic in the Travel Essentials market, through a network of renovated points of sale that are richly innovative. In its first year of business, Extime Travel Essentials Paris rose to the challenge of introducing a wide range of products for the Paris 2024 Olympic and Paralympic Games, particularly in the souvenirs category. More broadly, the stated aim is to reinvent tomorrow's Essentials on a daily basis. This will involve a major overhaul of the retail stores to meet changes in passenger expectations. Relay's revival is a response to the multiple expectations of customers who have essential needs but also emotional desires, as part of an increasingly responsible and sustainable consumer approach. To integrate CSR issues, a programme of in-depth transformation of the commercial offering will be tested in "RELAY le Lab", and then rolled out across the entire network. The extension of the portfolio of brands and concepts deployed, some of which are exclusive to Paris, aims to offer a local and unique experience, fully in line with Extime's hospitality and retail strategy.
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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS
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