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Eiffage S.A. Earnings Release 2023
1275_iss_2023-07-20_a205fd4e-46bf-418f-a2c6-ed3b9ec8d292.pdf
Earnings Release
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Vélizy-Villacoublay, 20th July 2023 17:45
Press release
APRR revenue and traffic for the 1 st semester 2023
1 st semester 2023
Consolidated revenue
| in millions of euro | H1 2022 | H1 2023 | Variation (%) 2023/2022 |
|---|---|---|---|
| Toll revenue APRR and AREA |
1,289.6 | 1,370.0 | +6.2% |
| Toll revenue Aliaé (A79) |
/ | 16.5 | / |
| Revenue from retail facilities, telecommunications and other |
58.7 | 67.6 | +15.2% |
| Revenue excluding Construction | 1,348.3 | 1,454.1 | +7.8% |
| Construction revenue (Ifric 12)* | 144.2 | 84.2 | nm |
APRR's consolidated revenue excluding Construction amounted to €1,454.1 million in the first half of 2023, compared with €1,348.3 million in the first half of 2022, an increase of 7.8%.
Toll revenues from Aliaé (A79), which entered service on 4 November 2022, amounted to €16.5 million.
Traffic
| APRR and AREA network | |||
|---|---|---|---|
| in millions of kilometers travelled | H1 2022 | H1 2023 | Variation (%) 2023/2022 |
| Light vehicles |
9,790 | 10,130 | +3.5% |
| Heavy goods vehicles |
2,039 | 2,059 | +1.0% |
| Total | 11,828 | 12,188 | +3.0% |
Overall traffic increased by 3.0% in the 1st semester of 2023 compared to the previous year.
Light vehicle traffic was up 3.5% over the semester, while heavy goods vehicle traffic increased by 1.0%.
| Aliae network (A79) | |||
|---|---|---|---|
| in millions of kilometers travelled | H1 2022 | H1 2023 | Variation (%) 2023/2022 |
| Light vehicles |
/ | 114.6 | / |
| Heavy goods vehicles |
/ | 71.8 | / |
| Total | / | 186.4 | / |
The A79 entered service on 4 November 2022.
2 nd quarter 2023
Consolidated revenue
| in millions of euro | Q2 2022 | Q2 2023 | Variation (%) 2023/2022 |
|---|---|---|---|
| Toll revenue APRR and AREA |
664.4 | 713.7 | +7.4% |
| Toll revenue Aliaé (A79) |
/ | 8.6 | / |
| Revenue from retail facilities, telecommunications and other |
30.9 | 36.8 | +19.1% |
| Revenue excluding Construction | 695.3 | 759.0 | +9.2% |
| Construction revenue (Ifric 12)* | 98.0 | 50.9 | ns |
APRR's consolidated net sales excluding Construction amounted to €759.0 million in the second quarter of 2023, compared with €695.3 million in the second quarter of 2022, an increase of 9.2%.
Toll revenues from Aliaé (A79), which entered service on 4 November 2022, amounted to €8.6 million.
Traffic
| APRR and AREA network | |||
|---|---|---|---|
| in millions of kilometers travelled | Q2 2022 | Q2 2023 | Variation (%) 2023/2022 |
| Light vehicles |
5,135 | 5,385 | +4.9% |
| Heavy goods vehicles |
1,022 | 1,028 | +0.5% |
| Total | 6,157 | 6,413 | +4.2% |
Total traffic rose by 4.2% in the 2nd quarter of 2023 compared with the previous year.
Light vehicle traffic grew by 4.9% over the quarter, while heavy goods vehicle traffic increased by 0.5%.
| Aliae network (A79) | |||
|---|---|---|---|
| in millions of kilometers travelled | Q2 2022 | Q2 2023 | Variation (%) 2023/2022 |
| Light vehicles |
/ | 69.2 | / |
| Heavy goods vehicles |
/ | 36.0 | / |
| Total | / | 105.2 | / |
The A79 entered service on 4 November 2022.
Significant events
On 11 May 2023, APRR successfully placed a new €0.7 billion bond issue maturing in January 2030 for a coupon of 3.125%.
(*) Reminder: the application of Ifric 12 from 1 st 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 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]