Universal Registration Document 2024
FINANCIAL INFORMATION 6
GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024
NOTE 2 SIGNIFICANT EVENTS 2.1.1 Traffic at airports operated by Groupe ADP In 2024, Groupe ADP welcomed 364 million passengers across its network of airports, including 103.4 million passengers at Paris Airport.
The table below shows the traffic situation at the main airports operated by Groupe ADP or through equity accounted companies in 2024.
December 2024 traffic @100% in millions PAX (1)
Change (%) versus 31 Dec. 2023
Airports
France Paris Aéroport (CDG+ORY) International Fully consolidated concessions Ankara Esenboga - TAV Airports
103.4
3.7%
7.5% 9.1%
12.8 11.5 8.8 11.4
Izmir - TAV Airports
Amman - Airport International Group
-4.4%
Almaty - TAV Airports
19.7%
Equity method concessions Santiago de Chile Antalya - TAV Airports Zagreb – TAV Airports Madinah – TAV Airports New Delhi - GMR Airports Ltd Hyderabad - GMR Airports Ltd
26.2 38.2
12.5% 7.3% 15.9% 15.8% 7.8% 14.8%
4.3
10.9 77.8 27.8
1 All departing, arriving and transiting passengers welcomed by the airport.
2.1.2 Deployment of Extime Travel Essentials: disposal of shares Groupe ADP has selected Lagardère Travel Retail as co- shareholder of the future joint venture Extime Travel Essentials Paris, which operates, subject to merger control, for a period of ten years and from 1 February 2024, more than sixty points of sale, notably operated under the RELAY brand. Extime Travel Essentials is equally owned by Groupe ADP and Lagardère Travel Retail. The ambition of the two shareholders is to create a new dynamic in the Travel Essentials market, through a network of renovated points of sale that are richly innovative. The transaction has an impact of €22 million and is recognised directly in shareholders' equity, the Group keeping the control.
2.1.3 Extension of Amman airport concession period until 2039 and debt restructuring On 10 May 2024 a global restructuring operation of the concession and financing arrangements of Airport International Group (AIG) has come into effect, the company operating Amman's Queen Alia International Airport in Jordan, owned 51% and fully consolidated by Groupe ADP. This operation includes: u the concession extension of Amman airport, for an additional 7 years, until 2039; u a reprofiling of AIG's bank loans, whose scheduled maturity is increased by 3.5 years; u the strengthening of AIG's financial structure, with a shareholder loan. These agreements support AIG's financial and operational stability and ability to accompany traffic growth in Jordan. An impairment test considering the impacts of the concession extension and the debt restructuring was conducted at the 2024 half-year accounts closing. It led to an impairment, determined in particular on the basis of the traffic outlook at Queen Alia International Airport and was booked in the first half of 2024. To date, the resulting one off impact of this impairment reversal is €61 million on attributable net income for 2024; Besides the global set of agreement leads to a cash outflow for AIG totalling some €127 million, of which €100 million in 2024 with no impact on attributable net income.
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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS
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