Aéroports de Paris

Earnings Release • Dec 13, 2016

13 December 2016

Aéroports de Paris SA

November 2016 traffic figures

In November 2016, Paris Aéroport welcomed 7.1 million passengers, an increase of 6.2% compared to November 2015. 4.8 million passengers travelled through Paris-Charles de Gaulle (+4.5%) and 2.3 million through Paris-Orly (+10.0%).

As a reminder, the events that occurred in Paris and St Denis on 13 November 2015 impacted passenger traffic at the Paris airports over the second half of November 2015, resulting in a decrease in traffic of around 6% over that fortnight, compared to the same period in 2014.

In November 2016,

• International traffic (excluding Europe) was up (+3.6%) due to growth in the following destinations: the Middle East (+11.4%), Africa (+5.4%), the French Overseas Territories (+4.4%), Latin America (+1.6%) and Asia-Pacific (+1.0%). Only one destination, North America, was down slightly (-0.1%);
• European traffic (excluding France) was up strongly (+8.0%);
• Traffic within France increased sharply (by +7.9%);
• The number of connecting passengers increased by 1.0%. The connecting rate stood at 25.8%, down by 0.9 points compared to November 2015.

Since the beginning of the year, Paris Aéroport passenger traffic has grown by 1.3%, with a total of 89.5 million passengers. The number of connecting passengers has risen by 1.2%. The connecting rate remains stable at 23.8%.

Passenger traffic at TAV Airports, 38%-owned by Groupe ADP, rose by +1.6% in November 2016, and has risen by 2.0%(1) since the beginning of the year.

Passenger traffic at Santiago de Chile, 45%-owned by Groupe ADP, increased by 9.6% in November 2016, and has increased by 11% since the beginning of the year.

Passengers	Nov. 2016	% change 2016/2015	Jan.-Nov. 2016	% change 2016/2015	Last 12 months	% change 2016/2015
Paris-CDG	4,834,722	+4.5%	60,737,401	-0.3%	65,572,093	-0.5%
Paris-Orly	2,259,150	+10.0%	28,746,665	+4.8%	30,982,572	+4.3%
Total Paris Aéroport	7,093,872	+6.2%	89,484,066	+1.3%	96,554,665	+1.0%
Santiago de Chile	1,685,775	+9.6%	17,467,434	+11.0%	18,955,677	+10.6%
Istanbul Ataturk	4,420,880	-5.2%	55,638,952	-1.9%	60,266,070	-1.5%
Ankara Esenboga	1,107,803	+15.8%	11,955,923	+7.5%	13,163,568	+9.5%
Izmir	920,351	+2.8%	11,037,149	-2.2%	11,886,540	-1.7%
Milas Bodrum	90,636	+0.7%	3,141,947	-17.2%	3,243,725	-16.1%
Gazipaşa	28,476	-11.6%	718,107	-19.0%	746,710	-17.9%
Medinah	362,465	+48.5%	5,926,704	+11.4%	6,435,453	+12.1%
Tunisia	43,050	+27.1%	1,550,479	+13.1%	1,586,439	+10.0%
Georgia	168,115	+24.3%	2,388,989	+23.3%	2,518,147	+22.8%
Macedonia	126,419	+11.3%	1,661,010	+15.7%	1,786,336	+17.0%
Zagreb(2)	197,880	+7.4%	2,579,036	+6.7%	2,749,438	+6.5%
Total TAV Airports (1)	7,466,075	+1.6%	96,598,296	+2.0%	104,382,426	+2.5%

(1) TAV Airports began operating the international terminal at Milas Bodrum Airport in October 2015. To be compliant with TAV Airports presentations, the % change presented above does not take into account traffic at this terminal for 2015. Taking into account traffic at the international terminal of Milas Bodrum, on a like-for-like basis for 2015, total TAV Airports passenger traffic would have risen by 0.3% since the beginning of the year, and by 0.9% over the last 12 months.

(2) 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 figures.

Aircraft movements	Nov. 2016	% change 2016/2015	Jan.-Nov. 2016	% change 2016/2015	Last 12 months	% change 2016/2015
Paris-CDG	36,168	+1.0%	435,802	+0.8%	472,676	+0.7%
Paris-Orly	17,580	+0.5%	216,362	+1.5%	234,336	+1.4%
Total Paris Aéroport	53,748	+0.8%	652,164	+1.0%	707,012	+0.9%
Santiago de Chile	10,445	0.0%	114,462	+4.5%	124,847	+4.2%
Istanbul Ataturk	33,667	-5.5%	417,205	+1.6%	453,568	+1.8%
Ankara Esenboga	7,947	+11.5%	86,340	+7.0%	93,571	+7.2%
Izmir	6,044	+2.2%	73,852	+0.3%	80,077	+1.0%
Milas Bodrum	570	-6.9%	22,669	-11.8%	23,549	-10.5%
Gazipaşa	238	-9.2%	5,555	-10.3%	5,871	-8.4%
Medinah	3,229	+17.2%	49,996	+11.4%	54,160	+11.6%
Tunisia	616	+38.4%	11,989	+1.9%	12,452	+1.1%
Georgia	2,012	+8.8%	25,628	+9.8%	27,434	+9.5%
Macedonia	1,263	+4.3%	15,669	+10.0%	16,935	+10.9%
Zagreb	2,986	-1.1%	37,948	+2.4%	40,728	+2.0%
Total TAV Airports (1)	58,572	-0.4%	746,851	+3.9%	808,345	+4.1%

(1) TAV Airports began operating the international terminal at Milas Bodrum Airport in October 2015. To be compliant with the TAV Airports presentations, the % change presented above does not take into account aircraft movements at this terminal for 2015. Taking into account aircraft movements at the international terminal of Milas Bodrum on a like-for-like basis for 2015, the total number of TAV Airports aircraft movements would have risen by 2.5% since the beginning of the year 2016, and by 2.8% over the last 12 months.

Geographic split Paris Aéroport (Paris-CDG and Paris-Orly)	Nov. 2016 % change 2016/2015	Share of total traffic	Jan.-Nov. 2016 % change 2016/2015	Share of total traffic
France	+7.9%	18.6%	+0.7%	16.8%
Europe	+8.0%	42.2%	+2.8%	44.1%
Other International Of which	+3.6%	39.3%	-0.2%	39.1%
Africa	+5.4%	11.2%	+1.2%	10.9%
North America	-0.1%	8.6%	-0.3%	9.8%
Latin America	+1.6%	3.4%	+1.6%	3.1%
Middle East	+11.4%	5.2%	+2.7%	4.9%
Asia-Pacific	+1.0%	6.9%	-7.8%	6.4%
French Overseas Territories	+4.4%	3.9%	+4.9%	4.0%
Total Paris Aéroport	+6.2%	100 %	+1.3%	100 %

Paris Aéroport (Paris-CDG and Paris-Orly)	Nov. 2016	% change 2016/2015	Jan.-Nov. 2016	% change 2016/2015
Connecting Passengers(1)	887,666	+1.0%	10,603,930	+1.2%
Connecting rate	25.8%	-0.9 pt	+23.8%	0.0 pt
Seat load factor	81.9%	+4.6 pt	83.8%	+0.5 pt

(1) Departing passengers

Press contact: Elise Hermant, Media and Reputation Department Manager +33 1 43 35 70 70 Investor Relations: Aurélie Cohen, Head of Investor Relations +33 1 43 35 70 58 - invest@adp.fr

Groupe ADP builds, develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2015, Groupe ADP handled more than 95 million passengers and 2.2 million metric tonnes of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and more than 55 million passengers at airports abroad through its subsidiary ADP Management. 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 2015, Group revenue stood at €2,916 million and net income at €430 million.

Registered office: 291, boulevard Raspail, 75014 PARIS

Aéroports de Paris is 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 groupeadp.fr