Universal Registration Document 2024
6 FINANCIAL INFORMATION
GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024
Overall, a budget of €140 million will be devoted to sustainability issues over the next two years, including €120 million for ADP SA. For example, the following investments are currently included in the business plans for the Parisian platforms: u gradual transition to airside and landside electrification in both Parisian platforms to the benefit of airlines as well as airport staff and passengers. The business plan includes investment packages earmarked for the electrification of ground equipment, buses and service vehicles operated by Groupe ADP. It also provides for the deployment of equipment such as Air Conditioning Units (ACUs), Ground Support Equipment (GSEs) and Preconditioned Air Units (PCAs), enabling preconditioned air to be supplied directly to parked aircraft. All such equipment helps improve the energy efficiency of airport operations. By integrating this equipment, Groupe ADP is strengthening its commitment to more environmentally-friendly aviation and a better quality of service for airlines, thereby contributing to a significant reduction in emissions and an improvement in environmental performance; u the strategy to increase the use of renewable energies, in particular through the development of geothermal energy and the deployment of heat pumps. These solutions cover a significant proportion of the heating and cooling requirements of airport infrastructure, while reducing greenhouse gas emissions. Specific investment packages have been earmarked for the installation of geothermal networks and state-of-the-art heat pumps, thereby contributing to the energy transition and the sustainability of the platforms; u the reconfiguration of the Paris-Issy-les-Moulineaux heliport, replacing obsolete buildings and the oil-fired boiler with modern, low-carbon infrastructure. This transformation includes the construction of a helicopter hangar, a passenger terminal and buildings adapted to operational imperatives using more efficient and sustainable energy solutions. This approach is part of a drive to modernise and reduce the heliport's carbon footprint; u large-scale development of electric vehicle charging infrastructure (IRVE), including in particular the deployment of leading-edge electric vehicle charging points (BRVE) capable of meeting the growing demand for electric mobility. Dedicated budgets have been set aside for installing this infrastructure, reinforcing the Group's commitment to sustainable mobility; u the creation of cycle paths, which encourage environmentally-friendly travel and are part of a sustainable mobility approach, aimed at reducing the carbon footprint while improving site accessibility; u speeding up the environmental transition in terms of mobility on demand, air quality management, biodiversity quality measurement, waste reduction, and preparation of airport platforms for the introduction of hydrogen for aeronautical use as part of the Olympic Green Airports (OLGA) project deployed at Paris-Charles de Gaulle airport; u the global transition to LED lighting and beaconing technologies, which have been deployed for several years at the Group's Parisian platforms; u the project at TAV, a subsidiary, to install solar panels at Izmir, Bodrum and Ankara airports;
u Amman airport’s plan to invest in connecting to the drinking water network. Beyond 2025, Aéroports de Paris SA’s investment planning process takes environmental issues into account by testing whether the industrial project is in line with its commitments, particularly in terms of emissions reduction. The development of a "carbon tool” makes it possible to measure the carbon emissions generated by projects so that they can be adapted if necessary and thereby remain in line with ADP SA's commitments. ADP SA's environmental ambitions are taken into account in its investment plan, as set out in the Group's business plan as follows: u the budget of each investment project incorporates environmental goals: projects must have their own environmental goal by dedicating part of their budget to the Company's emissions reduction targets (sustainable materials, energy efficiency, etc.); u some projects directly contribute to reducing emissions from the platform’s activities, among which: transforming energy sources to reduce emissions from operations and energy uses (reserving areas for future hydrogen fuel infrastructure and anaerobic digestion projects, building additional geothermal systems and heat pumps, solarisation, etc.), redesigning access to Orly airport to reduce its emissions, strengthening electrical power for platforms, and so on. Impact on the Group's OpEx trajectory In terms of sustainability issues more generally, the Group's business plan takes into account the financial contribution to the ecological transition through the new tax on the operation of long-distance transport infrastructure, applicable from 1 January 2024, in accordance with the provisions of the 2024 Finance bill. This 4.6% tax is applicable to Aéroports de Paris SA's revenue, notably excluding revenue from airport safety and security services and after the deduction of a €120 million exemption. Impact of physical climate risks on Groupe ADP’s assets In 2022, Groupe ADP undertook an assessment of current and future climate risks for all its assets, taking into account two IPCC global warming scenarios - SSP2-4.5 (the so-called median scenario) and SSP5-8.5 (the most pessimistic scenario) for 2030 and 2050. The worst-case scenario, SPP5-8.5, was chosen for the long-term analysis in order to prepare the Group for a high-emissions climate scenario and to anticipate future regulations. As a first step, Groupe ADP conducted a gross risk analysis to identify the most critical sites and map the most impacting climatic perils (based on the European taxonomic classification of climate-related risks). The initial analysis of gross climate risks shows that flooding and heat-related risks play the main role in the Group's portfolio risk exposure. In 2023 and 2024, we continued to assess the exposure of our assets to physical risks by analysing the net physical climate risks for airports controlled by the Group. This second stage of the analysis involves in-depth site visits. The aim is to take account of existing and planned mitigation and adaptation measures in qualifying the risk. The analysis includes an assessment of the cost of additional risk mitigation and adaptation measures that could be put in place, as well as an evaluation of the impact of net risk on asset values.
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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024
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