Eiffage S.A. — Earnings Release 2019

Apr 23, 2019

Vélizy-Villacoublay, 23 April 2019 17:45

Press release

APRR revenue and traffic for the 1 st quarter 2019

At 31 March 2019

Consolidated revenue

in millions of euro	At 31/03/2018	At 31/03/2019	% change
Toll revenue	572.3	586.1	+2.4%
Revenue from retail facilities, telecommunications and other	16.2	16.3	+0.2%
Revenue excluding Construction	588.5	602.3	+2.4%
Construction revenue (IFRIC 12)*	40.9	76.4	NM

Excluding Construction, APRR's consolidated revenue totalled € 602.3 million at 31st March 2019, an increase of 2.4% from € 588.5 million at 31st March 2018.

Traffic

in millions of kilometres travelled	Total network
	At 31/03/2018	At 31/03/2019	% change
Light vehicles	4,537	4,521	-0.4%
Heavy goods vehicles	967	988	+2.2%
Total	5,504	5,509	+0.1%

Overall traffic measured by total kilometres travelled increased by 0.1% for the 1 st quarter 2019 compared to the previous year.

Light vehicle traffic was down 0.4% over the quarter, heavy goods vehicles traffic was up 2.2%.

Quarterly traffic has suffered from an unfavourable calendar effect (positioning of the Easter weekend). Social movements have also slightly disturbed some toll plaza in January and February.

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 from 1 st February 2019 onwards of 1.8% and 2.0% respectively for light vehicles.

(*) 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