Universal Registration Document 2024
5 2024 HIGHLIGHTS RECENT EVENTS
Finally, a certain number of other investment projects, not specifically dedicated to sustainable development, intrinsically involve strengthening the environmental performance of Aéroports de Paris, in line with the Company’s environmental policy. This includes: u the implementation of the main renovation and restructuring projects, and more generally the definition of the obsolescence plans of each platform, including objectives: u for the reduction in energy consumption, u for the optimisation of insulation and heating/cooling systems, u for the streamlining of water consumption and treatment, u for the construction of new buildings in compliance with RT2012 or RE2020 standards and with the systematic obtaining of environmental labels for real estate buildings.
Lastly, note that most of the investments made by Aéroports de Paris have an impact on the sustainable development, particularly when it comes to the construction of new infrastructures or the renovation of old ones. A perception that regional and environmental risks are not sufficiently taken into account may negatively impact Groupe ADP’s business and development projects 1 . As part of the taxonomy, Groupe ADP must report for the 2024 financial year the share of capital expenditure (CapEx) of eligible/aligned activities in relation to the two climate objectives (climate change mitigation and climate change adaptation). Of the €1,089 million of tangible and intangible investments made by Groupe ADP in 2024, €179.8 million are eligible, i.e. , 16.5% and €60.3 million are aligned, i.e. , 5.5% 2 .
5.5
RECENT EVENTS
All recent events are described in detail in the section entitled "Comments on Group developments since 1 January 2024" of this document.
5.6 OUTLOOK PASSENGER TRAFFIC In Paris
Passenger traffic in Paris in 2025 is expected to grow by 2.5% to 4.0% compared to 2024. Growth in traffic should be driven both by the expected increase in international traffic, particularly North America and Asia-Pacific, and by the favourable comparison basis resulting from the trial and introduction by the French Civil Aviation Authority ( Direction Générale de l’Aviation Civile – DGAC) of the 4-Flight air traffic management system, which led to reductions in flight schedules for more than 1,000,000 passengers, particularly on domestic routes, in 2024. Over the longer term, and in line with our decarbonisation objectives, the Group anticipates a gradual return to normal for passenger traffic in Paris, tending towards a compound
annual growth rate of 1% to 1.5% over the 2024-2050 period, a level slightly below than that recorded before the Covid-19 crisis, but with a more contributive traffic mix. Indeed, this expected growth in traffic volume should be accompanied by a gradual shift in the mix in favour of international traffic, which is more value-creating for the Group. A more reasoned use of air travel and increasing use of other modes of transport for short and medium-distance journeys should lead to a natural decline in the share of short and medium-haul flights in favour of international traffic (outside Europe) at Paris Aéroport, which makes a higher contribution.
At Group level Average annual traffic growth across the Group should continue to be higher than in Paris, as international assets are located in regions enjoying bullish traffic trends.
1
See section 2.1, "Risk factors" See section 4.4, "Taxonomy".
2
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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024
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