Eiffage S.A.

Earnings Release • Apr 20, 2021

Vélizy-Villacoublay, 20 April 2021 17:45

Press release

APRR revenue and traffic for the 1 st quarter 2021

At 31 March 2021

Consolidated revenue

in millions of euro	At 31/03/2019	At 31/03/2020	At 31/03/2021	% change 2021/2020	% change 2021/2019
Toll revenue	586.1	549.1	515.5	-6.1%	-12.0%
Revenue from retail facilities, telecommunications and other	16.3	18.2	16.1	-11.6%	-1.0%
Revenue excluding Construction	602.3	567.3	531.6	-6.3%	-11.7%
Construction revenue (Ifric 12)*	76.4	52.9	45.2	ns	Ns

Excluding Construction, APRR's consolidated revenue totalled €531.6 million at 31st March 2021, a decrease of 6.3% from €567.3 million at 31st March 2020.

Traffic

in millions of kilometres travelled	Total network
	At 31/03/2019	At 31/03/2020	At 31/03/2021	% change 2021/2020	% change 2021/2019
Light vehicles	4,521	4,109	3,585	-12.8%	-20.7%
Heavy goods vehicles	988	945	967	+2.3%	-2.1%
Total	5,509	5,055	4,552	-9.9%	-17.4%

Overall traffic measured by total kilometres travelled decreased by 9.9% for the 1 st quarter 2021 compared to the previous year. Light vehicle traffic was down 12.8% over the quarter, heavy goods vehicles traffic progressed by 2.3%.

The sanitary crisis and the governmental measures taken to limit the spread of Covid-19 since March 16, 2020 continue to have a very significant impact on traffic. In addition, the closure of ski lifts in the ski resorts has accentuated the decline in the use of the network.

Tariffs

Tariffs are subject to an annual revision contractually agreed with the French State. This year for APRR and AREA, it has led to an average increase of respectively 0.45% and 0.65% for light vehicles toll category from 1 st February 2021.

(*) 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