Eiffage S.A.

Earnings Release • Jan 26, 2022

Vélizy-Villacoublay, 26th January 2022 17:45

Press release

APRR turnover and traffic for the year 2021 and the 4th quarter 2021

At 31 December 2021

Consolidated revenue

in millions of euro	At 31/12/2019	At 31/12/2020	At 31/12/2021	Variation (%) 2021/2020	Variation (%) 2021/2019
Toll revenue	2,534.5	2,100.4	2,468.2	+17.5%	-2.6%
Revenue from retail facilities, telecommunications and others	76.5	68.8	101.1	+46.9%	+32.1%
Revenue excluding Construction	2,611.0	2,169.2	2,569.3	+18.4%	-1.6%
Construction revenue (Ifric 12)*	405.0	345.6	302.8	nm	nm

Excluding Construction, APRR's consolidated revenue totalled €2,569.3 million at 31st December 2021 compared to €2,169.2 million at 31st December 2020, an increase of 18.4% over one year.

Starting in 2021, revenue from commercial facilities includes APRR's share of revenue from areas operated under the Fulli brand for an amount of €27 million.

Traffic

in millions of kilometres travelled	Total network
	At 31/12/2019	At 31/12/2020	At 31/12/2021	Variation (%) 2021/2020	Variation (%) 2021/2019
Light vehicles	20,695	15,856	19,284	+21.6%	-6.8%
Heavy goods vehicles	3,886	3,557	3,911	+10.0%	+0.6%
Total	24,581	19,413	23,195	+19.5%	-5.6%

Overall traffic measured by total kilometres travelled decreased by 19.5% for the whole year 2021 compared to the previous year.

Light vehicles traffic increased by 21.6% and heavy goods vehicles by 10.0%.

4 th quarter 2021

Consolidated revenue

in millions of euro	Q4 2019	Q4 2020	Q4 2021	Variation (%) 2021/2020	Variation (%) 2021/2019
Toll revenue	605.2	494.4	631.6	+27.8%	+4.4%
Revenue from retail facilities, telecommunications and others	20.0	17.4	27.3	+57.2%	+36.7%
Revenue excluding Construction	625.2	511.7	658.9	+28.8%	+5.4%
Construction revenue (Ifric 12)*	102.3	130.0	101.5	nm	nm

Excluding Construction, APRR's consolidated revenue totalled €658.9 million in the fourth quarter of 2021 compared to €511.7 million in the fourth quarter of 2020, an increase of 28.8% over one year.

Consolidated revenue is also up by 5.4% compared to Q4 2019.

Traffic

in millions of kilometres travelled	Total network
	Q4 2019	Q4 2020	Q4 2021	Variation (%) 2021/2020	Variation (%) 2021/2019
Light vehicles	4,807	3,391	4,909	+44.8%	+2.1%
Heavy goods vehicles	972	952	1,002	+5.2%	+3.0%
Total	5,779	4,343	5,911	+36.1%	+2.3%

Overall traffic measured by the total kilometres travelled increased by 36.1% during the fourth quarter of 2021 compared to the same period in 2020.

Light vehicles traffic increased by 44.8% (as a reminder, Q4 2020 traffic had been defavourably impacted by health restrictions measures) and heavy goods vehicles by 5.2%.

Traffic is also up by 2.3% compared to Q4 2019.

(*) 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