Aéroports de Paris

Earnings Release • Jan 14, 2015

14 January 2015

Press Release

Aéroports de Paris

A record year with 92.7 million passengers handled in 2014

2014 Traffic

Aéroports de Paris handled a total of 92.7 million passengers in 2014; an increase of 2.6% compared to the previous year. Paris-Charles de Gaulle Airport welcomed 63.8 million passengers (+2.8%) and Paris-Orly Airport 28.9 million (+2.1%); new record figures for both airports. Traffic increased by 4.2% over the 1st half the year and by 1.2% over the 2nd half. All months, with the exception of September, which was impacted by the Air France pilots' strike, were also record months for Aéroports de Paris.

• Traffic mix was positive with international traffic (excluding Europe) up by 1.9%, driven to the following destinations: the Middle East (+6.7%); Asia-Pacific (+3.1%); Latin America (+1.4%); North America (+1.4%); Africa (+0.7%). Only the French Overseas Territories saw a slight drop (-0.2%);
• European traffic (excluding France) grew strongly (+5.3%);
• Traffic within France was down (-2.0%);
• The number of connecting passengers increased by 0.6%. The connecting rate stood at 23.4% down by 0.8 points;

Passenger traffic at TAV Airports, 38%-owned by Aéroports de Paris, increased by 13.7% in 2014(1) .

Traffic for December

In December 2014, Aéroports de Paris saw 7.3 million passengers; an increase of 3.2% on December 2013. 5.0 million passengers travelled through Paris-Charles de Gaulle (+3.9%) and 2.3 million through Paris-Orly (+1.5%).

• International traffic (excluding Europe) was up slightly, by 0.1%, with growth in the following destinations: the Middle East (+5.9%) and Asia-Pacific (+3.7%). Other destinations were down: the French Overseas Territories (-3.4%); Africa (-2.4%); Latin America (-0.7%); and North America (- 0.1%);
• European traffic (excluding France) grew strongly (+7.4%) and traffic within France was up (+1.3%);
• The number of connecting passengers increased by 2.1%. The connecting rate stood at 25.8%, down by 0.1 points.

Passenger traffic at TAV Airports increased by 16.9% in December 2014(1) .

Passengers	Dec. 2014	% change	2014	% change
Paris-CDG	5,002,435	+3.9%	63,813,756	+2.8%
Paris-Orly	2,275,164	+1.5%	28,862,586	+2.1%
Total ADP	7,277,599	+3.2%	92,676,342	+2.6%
Istanbul Ataturk	4,476,258	+13.5%	56,954,790	+11.0%
Ankara Esenboga	907,268	+3.1%	11,012,119	+0.6%
Izmir	806,366	+12.8%	10,963,772	+6.9%
Milas Bodrum(2)	72,865	N/A	2,017,703	N/A
Gazipaşa	22,664	N/A	726,252	N/A
Madinah	415,968	+35.6%	5,703,349	+22.1%
Tunisia	70,176	-6.7%	3,332,391	-3.1%
Georgia	114,211	+6.5%	1,788,571	+8.9%
Macedonia	91,812	+42.8%	1,278,343	+19.8%
Zagreb	163,830	+9.8%	2,430,971	+5.7%
Total TAV Airports(1)	7,141,418	+16.9%	95,127,477	+13.7%

(1) Aéroports de Paris and TAV started to operate Zagreb Airport in December 2013 and TAV Airports started to operate Milas Bodrum Airport in August 2014. To be compliant with TAV Airports' presentations, the % change presented above does not take into account Zagreb and Milas Bodrum traffic figures for 2013. Taking into account Zagreb and Milas Bodrum traffic on a like-for-like basis for 2013, total TAV Airports passenger traffic would have risen by 13.0% in December 2014 and by 9.7% over the full year.

(2) TAV Airports started to operate Milas Bodrum Airport in August 2014. Including Milas Bodrum traffic before this date, traffic of this airport rose by 17.7% in December 2014 and rose by 16.1% over the full year.

Aircraft Movements	Dec. 2014	% change	2014	% change
Paris-CDG	36,776	-0.1%	465,240	-1.5%
Paris-Orly	18,014	-0.1%	228,054	-0.7%
Total ADP	54,790	-0,1%	693,294	-1.2%
Istanbul Ataturk	35,151	+9.9%	422,174	+9.4%
Ankara Esenboga	6,578	-4.0%	82,239	-3.3%
Izmir	5,676	+10.3%	74,048	+7.0%
Milas Bodrum(1)	619	N/A	15,642	N/A
Gazipaşa	218	N/A	5,349	N/A
Madinah	3,682	+22.7%	48,549	+21.4%
Tunisia	1,080	+5.2%	26,763	-11.0%
Georgia	1,716	-2.1%	23,804	+1.2%
Macedonia	1,023	+25.8%	13,969	+12.8%
Zagreb	2,872	+6.6%	38,348	N/A
Total TAV Airports(2)	58,615	+15.6%	742,892	+14.5%

(1) TAV Airports started to operate Milas Bodrum Airport in August 2014. Including Milas Bodrum aircraft movements before this date, aircraft movements of this airport rose by 24.8% in December 2014 and by 23.0% over the full year.

(2) To be compliant with TAV Airports' presentations, the % change presented above does not take into account Zagreb and Milas Bodrum aircraft movements for 2013. Taking into account Zagreb and Milas Bodrum aircraft movements on a like-for-like basis for 2013, total TAV Airports aircraft movements would have risen by 8.8% in December and by 7.2% over the full year.

Geographic split ADP	Dec. 2014 % change	Share of total traffic	2014 % change	Share of total traffic
France	+1.3%	18.5%	-2.0%	17.3%
Europe	+7.4%	40.6%	+5.3%	43.0%
Other International of which	+0.1%	40.9%	+1.9%	39.7%
Africa	-2.4%	11.6%	+0.7%	11.2%
North America	-0.1%	8.8%	+1.4%	9.5%
Latin America	-0.7%	3.8%	+1.4%	3.2%
Middle East	+5.9%	4.8%	+6.7%	4.7%
Asia/Pacific	+3.7%	7.2%	+3.1%	6.9%
French Overseas Territories	-3.4%	4.7%	-0.2%	4.1%
Total ADP	+3.2%	100%	+2.6%	100%

ADP	Dec. 2014	% change	2014	% change
Connecting passengers(1)	944,972	+2.1%	10,803,855	-0.6%
Connecting rate	25.8%	-0.1pt	23.4%	-0.8pt
Seat load factor	81.2%	+1.5pt	82.5%	+1.8pt

(1) Departing passengers

www.aeroportsdeparis.fr

Press contact: Elise Hermant, Opinion Department Manager +33 1 43 35 70 70

Investor Relations: Vincent Bouchery, Investor Relations Manager +33 1 43 35 70 58 - invest@adp.fr

Aéroports de Paris builds, develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2013, Aéroports de Paris handled more than 90 million passengers and 2.2 million tonnes of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and 43 million passengers in airports abroad. Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernising its terminal facilities and upgrading quality of services; the Group also intends to develop its retail and real estate businesses. In 2013, Group revenue stood at €2,754 million and net income at €305 million.

Registered office: 291, boulevard Raspail, 75014 Paris, France. A public limited company (Société Anonyme) with share capital of €296,881,806. Registered in the Paris Trade and Company Register under no. 552 016 628 RCS Paris.