Eiffage S.A.

Earnings Release • Jan 24, 2023

Vélizy-Villacoublay, 24th January 2023 17:45

Press release

APRR turnover and traffic for the year 2022 and the 4th quarter 2022

At 31 December 2022

Consolidated revenue

in millions of euro	At 31/12/2019	At 31/12/2021	At 31/12/2022	Variation (%) 2022/2021	Variation (%) 2022/2019
Toll revenue APRR and AREA	2,534.5	2,468.2	2,681.8	+8.7%	+5.8%
Toll revenue A79	/	/	4.2	/	/
Revenue from retail facilities, telecommunications and others	76.5	101.1	132.5	+31.1%	+73.3%
Revenue excluding Construction	2,611.0	2,569.3	2,818.5	+9.7%	+7.9%
Construction revenue (Ifric 12)*	405.0	302.8	335.4	nm	nm

Excluding Construction, APRR's consolidated revenue totalled €2,818.5 million at 31st December 2022 compared to €2,569.3 million at 31st December 2021, an increase of 9.7% over one year. Revenue also increased by 7.9% compared to 2019.

Starting in 2021, revenue from commercial facilities includes the share of revenue from areas operated under the Fulli brand for an amount of €43.2 million in 2022.

Toll revenue of A79 opened on the 4th November 2022 is €4.2 million.

Traffic

in millions of kilometres	APRR and AREA network (exc A79)
travelled	At 31/12/2019	At 31/12/2021	At 31/12/2022	Variation (%) 2022/2021	Variation (%) 2022/2019
Light vehicles	20,695	19,284	21,072	+9.3%	+1.8%
Heavy goods vehicles	3,886	3,911	3,985	+1.9%	+2.5%
Total	24,581	23,195	25,057	+8.0%	+1.9%

Overall traffic measured by total kilometres travelled decreased by 8.0% for the whole year 2022 compared to the previous year.

Light vehicles traffic increased by 9.3% and heavy goods vehicles by 1.9%. Traffic also increased by 1.9% compared to the fourth quarter of 2019.

	A79 network
in millions of kilometres travelled	At 31/12/2022
Light vehicles	27.8
Heavy goods vehicles	19.6
Total	47.4

The A79 was opened on the 4th of November 2022.

4 th quarter 2022

Consolidated revenue

in millions of euro	Q4 2019	Q4 2021	Q4 2022	Variation (%) 2022/2021	Variation (%) 2022/2019
Toll revenue APRR and AREA	605.2	631.6	627.5	-0.6%	+3.7%
Toll revenue A79	/	/	4.2	/	/
Revenue from retail facilities, telecommunications and others	20.0	27.3	35.9	+31.5%	+79.7%
Revenue excluding Construction	625.2	658.9	667.6	+1.3%	+6.8%
Construction revenue (Ifric 12)*	102.3	101.5	89.9	nm	nm

Excluding Construction, APRR's consolidated revenue totalled €667.6 million in the fourth quarter of 2022 compared to €658.9 million in the fourth quarter of 2021, an increase of 1.3% over one year. Consolidated revenue is also up by 6.8% compared to Q4 2019.

Revenue of the A79 opened on the 4th of November 2022 is €4.2 million.

Traffic

in millions of kilometres travelled	APRR and AREA network (exc A79)
	Q4 2019	Q4 2021	Q4 2022	Variation (%) 2022/2021	Variation (%) 2022/2019
Light vehicles	4,807	4,909	4,711	-4.0%	-2.0%
Heavy goods vehicles	972	1,002	998	-0.4%	+2.6%
Total	5,779	5,911	5,709	-3.4%	-1.2%

Overall traffic measured by the total kilometres travelled decreased by 3.4% during the fourth quarter of 2022 compared to the same period in 2021.

Light vehicles traffic (which have been affected by fuel shortages) decreased by 4.0% over the quarter and heavy goods vehicles by 0.4%.

Traffic is also down by 2.0% compared to Q4 2019 for the light vehicles (as a reminder, the traffic during December 2019 had been positively impacted by the rail disruptions) and up by 2.6% for the heavy goods vehicles

	A79 network
in millions of kilometres travelled	Q4 2022
Light vehicles	27.8
Heavy goods vehicles	19.6
Total	47.4

The A79 was opened on the 4th of November 2022.

(*) Reminder: the application of Ifric 12 from 1 January 2009 requires the recognition of revenue generated by Construction activities, which corresponds to infrastructure construction services performed by the concession operator for the account of the concession grantor, this work being entrusted to third parties and recognised using the percentage of completion method.

Investor relations Xavier Ombrédanne Tel.: + 33(0) 1 71 59 10 56 E-mail: xavier.ombredanne@eiffage.com Press contact Sophie Mairé Tel.: + 33 (0)1 71 59 10 62 E-mail: sophie.maire@eiffage.com