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Eiffage S.A.
Earnings Release • Oct 19, 2022
1275_10-q_2022-10-19_0ea4babd-ae94-43b6-9e0a-66777e34a50f.pdf
Earnings Release
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Vélizy-Villacoublay, 19th October 2022 17:40
Press release
APRR revenue and traffic for the 3rd quarter 2022
AS AT 30 SEPTEMBER 2022
Consolidated revenue
| in millions of euro | At 30/09/2019 |
At 30/09/2021 |
At 30/09/2022 |
Variation (%) 2022/2021 |
Variation (%) 2022/2019 |
|---|---|---|---|---|---|
| Toll revenue | 1,929.3 | 1,836.6 | 2,054.3 | +11.9% | +6.5% |
| Revenue from retail facilities, telecommunications and other |
56.5 | 73.8 | 96.6 | +31.0% | +71.0% |
| Revenue excluding Construction | 1,985.8 | 1,910.4 | 2,150.9 | +12.6% | +8.3% |
| Construction revenue (Ifric 12)* | 302.6 | 201.3 | 202.4 (**) | ns | ns |
Excluding Construction, APRR's consolidated revenue totalled €2,150.9 million at 30 September 2022 versus €1,910.4 million at 30 September 2021, representing an increase of 12.6% over one year and of 8.3% compared to 2019.
Starting in April 2021, revenue from commercial facilities includes APRR's share of revenue from areas operated under the Fulli brand.
Traffic
| in millions of kilometres | Total network | |||||
|---|---|---|---|---|---|---|
| travelled | At 30/09/2019 | At 30/09/2021 | At 30/09/2022 |
Variation (%) 2022/2021 |
Variation (%) 2022/2019 |
|
| Light vehicles | 15,889 | 14,375 | 16,362 | +13.8% | +3.0% | |
| Heavy goods vehicles | 2,914 | 2,909 | 2,987 | +2.7% | +2.5% | |
| Total | 18,802 | 17,284 | 19,348 | +11.9% | +2.9% |
Overall traffic measured by total vehicle kilometres travelled to 30 September 2022 went up by 11.9% over the previous year and by 2.9% compared to 2019.
Light vehicle traffic increased by 13.8% and heavy goods vehicles by 2.7% over the 9 months period.
3 RD QUARTER 2022
Consolidated revenue
| in millions of euro | Q3 2019 | Q3 2021 | Q3 2022 | Variation (%) 2022/2021 |
Variation (%) 2022/2019 |
|---|---|---|---|---|---|
| Toll revenue | 714.3 | 762.2 | 764.7 | +0.3% | +7.0% |
| Revenue from retail facilities, telecommunications and other |
20.7 | 35.1 | 37.9 | +7.9% | +83.4% |
| Revenue excluding Construction | 735.0 | 797.3 | 802.5 | +0.7% | +9.2% |
| Construction revenue (Ifric 12)* | 101.1 | 79.2 | 58.1 (**) | ns | ns |
Excluding Construction, APRR's consolidated revenue totalled €802.5 million in the 3rd quarter of 2022 versus €797.3 million in the 3rd quarter of 2021, an increase of 0.7%% over one year and of 9.2% compared to the 3rd quarter of 2019.
Traffic
| in millions of kilometres travelled | Total network | |||||
|---|---|---|---|---|---|---|
| Q3 2019 | Q3 2021 | Q3 2022 | Variation (%) 2022/2021 |
Variation (%) 2022/2019 |
||
| Light vehicles | 6,303 | 6,748 | 6,572 | -2.6% | +4.3% | |
| Heavy goods vehicles | 937 | 949 | 948 | -0.1% | +1.1% | |
| Total | 7,240 | 7,697 | 7,520 | -2.3% | +3.9% |
Overall traffic measured by total vehicle kilometres travelled went down by 2.3% during the 3rd quarter of 2022 compared to the same period in 2021. Traffic is up 3.9% compared to the 3rd quarter of 2019.
The traffic over the quarter decreased by 2.6% for light vehicles and by 0.1% for heavy goods vehicles.
* Note: 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.
** Construction revenue does not incorporate the capex realised by ALIAE, a 99.9% subsidiary of APRR since 01/07/22, on the A79 project for an amount of €43.1M (between 01/07/2022 and 30/09/2022).
Investor relations Press contact Xavier Ombrédanne Sophie Mairé Tel: + 33 (0)1 71 59 10 56 Tel: + 33 (0)1 71 59 10 62 E-mail: [email protected] E-mail: [email protected]