Earnings Release • Nov 17, 2022
Earnings Release
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PRESS RELEASE
November 17th, 2022
Groupe ADP1 total traffic is up by +7.5 million passengers in October 2022 compared to October 2021, with 27.2 million passengers welcomed for the entire network of operated airports. It stands at 90.3% of the October 2019 group traffic. Since the beginning of the year, Groupe ADP total traffic is up by +83.9% compared to 2021, at 231.9 million passengers, standing at 78.0% of the group traffic over the same period in 2019.
Unless otherwise indicated, the following changes are expressed in comparison with October 2021.
October 2022 traffic is up by +3.0 million passengers, with 8.2 million passengers welcomed. It stands at 88.6% of the October 2019 Paris Aéroport traffic. In October 2022, Paris-Charles de Gaulle welcomed 5.4 million passengers (+2.2 million passengers), at 81.5% of the October 2019 traffic, and Paris-Orly 2.8 million passengers (+0.8 million passengers), at 106.7% of the October 2019 traffic.
Since the beginning of the year, traffic in Paris Aéroport is up by +40.5 million passengers compared to 2021, at 72.0 million passengers, at 78.3% of the traffic over the same period in 2019.
At Paris-Charles de Gaulle, all terminals are currently open to passenger traffic except Terminal 1, under renovation. At Paris-Orly, all sectors are open.
In October 2022:
Passenger traffic at TAV Airports, 46.1%-owned2 by Groupe ADP, is up by +1.3 million passengers in October 2022, at 8.5 million passengers, standing at 94.0% of the October 2019 traffic. It is up by +49.2% since the beginning of the year compared to the same period in 2021, at 80.5% of traffic over the same period in 2019.
Passenger traffic at GMR Airports, 49%-owned by Groupe ADP, is up by +2.2 million passengers in October 2022, at 7.7 million passengers, standing at 86.8% of the October 2019 traffic. It is up by +80.3% since the beginning of the year compared to the same period in 2021, at 79.5% of traffic over the same period in 2019.
Passenger traffic at Amman Airport, 51%-owned by Groupe ADP, is up by +180,609 passengers in October 2022, at 722,238 passengers, standing at 99.9% of the October 2019 traffic. It is up by +81.1% since the beginning of the year compared to the same period in 2021, at 85.9% of traffic over the same period in 2019.
Passenger traffic at Santiago de Chile Airport, 45%-owned by Groupe ADP, is up by +498,169 passengers in October 2022, at 1.7 million passengers, standing at 90.8% of the October 2019 traffic. It is up by +110.5% since the beginning of the year compared to the same period in 2021, at 73.4% of traffic over the same period in 2019. All the group's hubs are open to commercial flights. However, local restrictions may apply, particularly to international flights at group airports.
In the context created by Russia's invasion of Ukraine and the international sanctions imposed on Russia, the group is monitoring the situation to assess its short, medium, and long-term consequences. In 2019, traffic with Ukraine and Russia amounted to 1.4% of Paris Aéroport's total traffic, as well as to 17.1%3 of TAV Airports' total traffic, at 27.9%3 of TAV Airports' international traffic. At this stage, although air traffic between Russia and Ukraine on one part, and the airports operated by Groupe ADP located in Turkey is significantly impacted4 , the Group does not anticipate, in the absence of any significant change in the situation, that the consequences of the conflict will challenge its financial forecasts and traffic hypotheses for 2022 full year.
3 Including Almaty and Zagreb airports.
1 Group traffic is accounted for on a like-for-like basis, restated for the following changes: the acquisitions of Delhi, Hyderbad, Mactan Cebu and Almaty airports, and the non-renewal of the technical assistance contract (TSA) for Mauritius airport.
2 Since November 1, 2022, following the sale by TAV Airports of its own shares acquired between March 13 and September 1, 2020, Groupe ADP holds 46.12% of TAV Airports (compared to 46.38% previously).
4 For the 9 first months of 2022, traffic in the Turkish airports of TAV Airports was up +44.4% compared to 2021, at 78.9% at the same period in 2019. Although traffic with Russia and Ukraine represents 49.1% and 2.4% of their respective 2019 levels, totaling 4.6 million passengers, the recovery in the Turkish airports of TAV Airports is supported by other routes.
| Passengers | October 2022 | Change 22/21 (in passengers) |
Jan. – Oct. 2022 |
% change 22/21 |
Last 12 months | % change 22/21 |
|---|---|---|---|---|---|---|
| Paris-CDG | 5,414,629 | +2,183,347 | 47,656,083 | +146.2% | 54,495,869 | +158.0% |
| Paris-Orly | 2,805,028 | +848,847 | 24,390,396 | +100.9% | 27,973,087 | +109.8% |
| Total Paris Aéroport | 8,219,657 | +3,032,194 | 72,046,479 | +128.7% | 82,468,956 | +139.3% |
| Santiago de Chile | 1,703,483 | +498,169 | 15,121,614 | +110.5% | 17,949,908 | +112.7% |
| Amman | 722,238 | +180,609 | 6,557,424 | +81.1% | 7,496,866 | +94.1% |
| New Delhi | 5,465,728 | +1,400,399 | 47,644,789 | +73.7% | 57,356,376 | +74.7% |
| Hyderabad | 1,767,186 | +459,992 | 15,383,781 | +71.9% | 18,426,188 | +67.4% |
| Cebu | 493,974 | +358,094 | 4,161,964 | +366.1% | 4,585,921 | +359.4% |
| Total GMR Airports | 7,726,888 | +2,218,485 | 67,190,534 | +80.3% | 80,368,485 | +79.2% |
| Antalya | 3,969,208 | +110,842 | 28,794,399 | +43.2% | 30,689,558 | +46.9% |
| Almaty | 685,523 | +110,692 | 5,872,422 | +17.5% | 6,976,481 | +22.2% |
| Ankara | 752,246 | +31,440 | 7,127,538 | +24.4% | 8,424,627 | +31.8% |
| Izmir | 921,189 | +94,027 | 8,526,128 | +35.8% | 9,915,147 | +42.2% |
| Bodrum | 365,772 | +84,262 | 3,721,973 | +35.8% | 3,916,725 | +38.3% |
| Gazipaşa Alanya | 71,029 | -18,065 | 630,334 | +25.0% | 746,485 | +37.5% |
| Medina | 649,938 | +438,620 | 4,937,542 | +300.1% | 5,461,518 | +279.3% |
| Tunisia | 148,383 | +92,236 | 1,348,031 | +201.2% | 1,424,681 | +199.4% |
| Georgia | 385,133 | +142,003 | 3,053,361 | +71.2% | 3,461,604 | +90.5% |
| North Macedonia | 220,394 | +70,455 | 2,031,562 | +77.6% | 2,278,764 | +83.9% |
| Zagreb(1) | 321,046 | +138,208 | 2,623,203 | +147.3% | 2,967,063 | +159.2% |
| Total TAV Airports | 8,489,861 | +1,294,720 | 68,666,493 | +49.2% | 76,262,653 | +54.2% |
| Other Airports | 314,384 | +256,176 | 2,310,197 | +355.8% | 2,430,029 | +306.6% |
| Total Groupe ADP(2) | 27,176,511 | +7,480,353 | 231,892,741 | +83.9% | 266,976,897 | +88.5% |
| Aircraft Movements | October2022 | Change 22/21 (in movements) |
Jan. – Oct. 2022 |
% change 22/21 |
Last 12 months | % change 22/21 |
|---|---|---|---|---|---|---|
| Paris-CDG | 36,359 | +10,051 | 334,953 | +73.2% | 391,718 | +80.2% |
| Paris-Orly | 18,436 | +5,122 | 163,474 | +77.0% | 189,671 | +85.5% |
| Total Paris Aéroport | 54,795 | +15,173 | 498,427 | +74.5% | 581,389 | +81.9% |
| Santiago de Chile | 10,598 | +1,919 | 101,478 | +71.7% | 120,148 | +72.1% |
| Amman | 5,926 | +780 | 57,389 | +56.4% | 67,309 | +66.5% |
| New Delhi | 35,027 | +5,887 | 321,045 | +44.7% | 388,415 | +46.2% |
| Hyderabad | 12,949 | +1,892 | 119,684 | +38.0% | 143,064 | +35.1% |
| Cebu | 4,781 | +3,404 | 38,942 | +276.8% | 42,858 | +264.1% |
| Total GMR Airports | 52,757 | +11,183 | 479,671 | +50.4% | 574,337 | +49.8% |
| Antalya | 22,996 | +2,182 | 170,702 | +51.0% | 187,744 | +57.6% |
| Almaty | 5,899 | +643 | 52,859 | +13.3% | 63,087 | +16.0% |
| Ankara | 5,166 | -651 | 50,030 | +10.4% | 60,119 | +17.6% |
| Izmir | 5,755 | +102 | 53,962 | +25.6% | 62,808 | +29.5% |
| Bodrum | 2,572 | +205 | 24,055 | +26.8% | 25,446 | +28.5% |
| Gazipaşa Alanya | 471 | -199 | 4,482 | +7.9% | 5,113 | +13.7% |
| Medina | 4,052 | +2,021 | 37,944 | +153.5% | 42,789 | +147.0% |
| Tunisia | 1,072 | +559 | 9,785 | +141.4% | 10,546 | +138.1% |
| Georgia | 3,350 | +588 | 29,724 | +34.9% | 34,502 | +46.1% |
| North Macedonia | 1,762 | +392 | 16,585 | +31.9% | 19,000 | +36.5% |
| Zagreb(1) | 4,038 | +644 | 35,521 | +51.3% | 41,656 | +57.7% |
| Total TAV Airports | 57,133 | +6,486 | 485,649 | +39.5% | 552,810 | +44.3% |
| Other Airports | 2,311 | +1,233 | 18,938 | +90.8% | 20,805 | +77.9% |
| Total Groupe ADP(2) | 183,520 | +36,774 | 1,641,552 | +55.1% | 1,916,798 | +58.7% |
1 Groupe ADP and TAV Airports have, a shareholding of 21% and 15%, respectively, in Zagreb Airport. To be compliant with TAV Airports presentations, Zagreb Airport traffic figures are integrated into the TAV Airports group traffic figure.
2 Group traffic is accounted for on a like-for-like basis, restated for the following changes: the acquisitions of Delhi, Hyderabad, Mactan Cebu and Almaty airports, and the non-renewal of the technical assistance contract (TSA) for Mauritius airport. For the last 12-months traffic, Mauritius traffic is not taken into account. If Mauritius traffic was taken into account until December 31st, 2021, last 12-months traffic for Groupe ADP would be up by +88.2%.
| Geographic split Paris Aéroport (Paris-CDG and Paris-Orly) |
Oct. 2022 Change 22/21 (in passengers) |
Share of total traffic | Jan. - Oct. 2022 change 22/21 (in passengers) |
Share of total traffic |
|---|---|---|---|---|
| France | +144,185 | 13.6% | +3,817,869 | 14.6% |
| Europe | +1,378,569 | 46.6% | +19,595,805 | 45.8% |
| Other International Of which |
+1,509,440 | 39.8% | +17,134,127 | 39.6% |
| Africa | +402,099 | 13.1% | +4,630,227 | 12.5% |
| North America | +538,761 | 11.2% | +5,883,727 | 11.3% |
| Latin America | +101,800 | 2.6% | +1,396,463 | 2.9% |
| Middle-East | +208,606 | 5.5% | +2,403,234 | 5.3% |
| Asia-Pacific | +195,527 | 3.2% | +1,252,505 | 2.4% |
| French Overseas Territories | +62,647 | 4.3% | +1,567,971 | 5.3% |
| Total Paris Aéroport | +3,032,194 | 100.0% | +40,547,801 | 100.0% |
| Paris Aéroport (Paris-CDG and Paris-Orly) | Oct. 2022 | Change 22/21 |
Jan. – Oct. 2022 | % change 22/21 |
|---|---|---|---|---|
| Connecting Passengers(1) | 796,234 | +64.8% | 7,266,472 | +111.1% |
| Connecting rate | 18.8% | +0.8 pt | 20.2% | -1.7 pt |
| Seat load factor | 84.5% | +6.7 pts | 81.8% | +13.1 pts |
(1) Departing passengers
Investor Relations: Cécile Combeau, Eliott Roch - +33 1 74 25 31 33 - [email protected]
Press contact: Justine Léger, Head of Medias and Reputation Department +33 1 74 25 23 23
Groupe ADP develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2021, the group handled through its brand Paris Aéroport more than 41.9 million passengers and 2.1 million metric tons of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and more than 118.1 million passengers in airports abroad. Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernizing its terminal facilities and upgrading quality of services; the group also intends to develop its retail and real estate businesses. In 2021, group revenue stood at €2,777 million and net income at -€248 million
Registered office: 1, rue de France, 93 290 Tremblay-en-France. Aéroports de Paris is a public limited company (Société Anonyme) with share capital of €296,881,806. Registered in the Bobigny Trade and Company Register under no. 552 016 628. groupe-adp.com
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