Aéroports de Paris: September 2016 traffic figures and Revision of 2016 forecasts
October 10 2016 - 1:30AM
PRESS RELEASE
10 October 2016
Aéroports de Paris SA
September 2016 traffic figures
Revision of 2016 forecasts
In September 2016, Paris Aéroport
welcomed 8.6 million passengers, a decrease of 0.2%
on September 2015. 5.8 million passengers travelled through
Paris-Charles de Gaulle (-1.9%) and 2.8 million through Paris-Orly
(+3.6%).
-
International traffic (excluding Europe) was
down (-0.6%), due to the decrease in Asia-Pacific (-7.7%) and North
America (-2.0%). French Overseas Territories (+5.1%),
Latin America (+3.1%), Africa (+2.0%), Middle East (+1.8%)
were growing.
-
European traffic (excluding France) was up
(+0.5%);
-
Traffic within France was down (-1.1%);
-
The number of connecting passengers increased by
0.1%. The connecting rate stood at 25.4%, up by 0.2 points
compared to September 2015.
Since the beginning of the year,
Paris Aéroport passenger traffic has seen growth of 0.9%, with a
total of 73.8 million passengers. The number of connecting
passengers has risen by 1.3%. Theconnecting rate remains at 23,7%,
up by 0.1 point.
Passenger traffic at TAV Airports,
38%-owned by Groupe ADP, increased by 3.2%
in September 2016 and has risen by 2.3%(1) since
the beginning of the year.
Passenger traffic at Santiago,
45%-owned by Groupe ADP, have increased by 10.5% in September
2016 and by 11.2% since the beginning of the year.
Given the evolution in traffic in
Paris Aéroport this summer, Groupe ADP is now forecasting a growth
of Paris Aéroport traffic of between 1.0% and 1.5% in 2016 compared
to 2015, vs. 2.3% previously(2). Based on
this assumption, Groupe ADP is now forecasting a stable EBITDA in
2015 compared to 2015, vs. a slight growth previously(2). All the
events that have occurred since end of July 2016(3) lead
Groupe ADP to maintain a forecast of a net income attributable to
the Group in slight decrease in 2016 compared to 2015(4).
Passengers |
Sept 2016 |
% change 2016/2015 |
Jan.-Sept 2016 |
% change 2016/2015 |
Last 12 months |
% change 2016/2015 |
Paris-CDG |
5,815,569 |
-1.9% |
50,149,888 |
-0.7% |
65,432,308 |
-0.6% |
Paris-Orly |
2,755,152 |
+3.6% |
23,692,178 |
+4.4% |
30,655,156 |
+3.5% |
Total Paris Aéroport |
8,570,721 |
-0.2% |
73,842,066 |
+0.9% |
96,087,464 |
+0.7% |
Santiago de Chile |
1,523,345 |
+10.5% |
14,100,039 |
+11.2% |
18,648,038 |
+10.8% |
Istanbul Ataturk |
5,604,825 |
-1.2% |
45,989,601 |
-1.3% |
60,720,621 |
+0.2% |
Ankara Esenboga |
1,176,154 |
+8.2% |
9,667,921 |
+5.7% |
12,844,303 |
+8.4% |
Izmir |
1,083,228 |
-7.3% |
9,069,845 |
-2.7% |
11,890,214 |
+0.1% |
Milas Bodrum |
473,698 |
-19.8% |
2,799,203 |
-17.8% |
3,270,404 |
-15.8% |
Gazipasa |
81,478 |
-26.8% |
603,031 |
-20.4% |
760,603 |
-13.5% |
Medina |
555,586 |
-1.3% |
5,111,492 |
+14.3% |
6,469,417 |
+14.4% |
Tunisia |
238,562 |
+190.2% |
1,369,999 |
+8.2% |
1,511,060 |
-14.3% |
Georgia |
325,629 |
+33.1% |
1,992,331 |
+23.4% |
2,444,256 |
+22.0% |
Macedonia |
171,126 |
+5.6% |
1,382,714 |
+16.8% |
1,759,365 |
+19.4% |
Zagreb |
287,664 |
+5.9% |
2,127,658 |
+6.7% |
2,721,462 |
+6.3% |
Total TAV Airports (1) |
9,997,950 |
+3.2% |
80,113,795 |
+2.3% |
104,274,512 |
+3.3% |
(1)
TAV Airports started to operate
the international terminal of Milas Bodrum Airport in October 2015.
To be compliant with TAV Airports' presentations, the % change
presented above does not take into account Milas Bodrum
international terminal for 2015. Taking into account international
terminal Milas Bodrum traffic on a like-for-like basis for 2015,
total TAV Airports passenger traffic would have risen by 0.5% in
September 2016, by 0.4% since the beginning of the year and by 1.8%
over the last 12 months.
(2)
Forecasts published on 28 July 2016 in the 2016 first half results,
available on www.groupeadp.fr
(3)
Especially the sale of the equity stake of the Mexican airport
operator OMA on 10 October 2016 - see press release of 10 October
2016 on www.groupeadp.Fr
(4)
Refer to appendix for the detail of forecasts
Aircraft Movements |
Sept 2016 |
% change 2016/2015 |
Jan.-Sept 2016 |
% change 2016/2015 |
Last 12 months |
% change 2016/2015 |
Paris CDG |
41,853 |
+1.1% |
358,205 |
+0.7% |
471,884 |
+0.6% |
Paris
Orly |
21,483 |
+2.0% |
177,795 |
+1.5% |
233,686 |
+1.1% |
Total Paris Aéroport |
63,336 |
+1.4% |
536,000 |
+1.0% |
705,570 |
+0.8% |
Santiago de Chile |
10,086 |
+5.9% |
93,614 |
+5.4% |
124,730 |
+4.6% |
Istanbul Ataturk |
40,497 |
+1.5% |
344,398 |
+2.5% |
455,686 |
+3.2% |
Ankara Esenboga |
8,083 |
+4.8% |
70,154 |
+6.1% |
91,993 |
+7.2% |
Izmir |
7,393 |
-4.3% |
60,664 |
0.0% |
79,887 |
+2.0% |
Milas Bodrum |
3,492 |
-14.8% |
20,090 |
-12.0% |
23,656 |
-10.7% |
Gazipasa |
665 |
-9.9% |
4,591 |
-12.7% |
5,841 |
-6.2% |
Medina |
5,121 |
+4.6% |
42,542 |
+15.2% |
54,648 |
+13.7% |
Tunisia |
1,474 |
+80.9% |
10,252 |
-2.9% |
11,920 |
-15.2% |
Georgia |
2,998 |
+14.8% |
21,084 |
+9.6% |
26,990 |
+9.7% |
Macedonia |
1,550 |
+2.7% |
13,009 |
+11.2% |
16,824 |
+12.1% |
Zagreb |
3,862 |
+8.1% |
31,312 |
+2.1% |
40,504 |
+1.2% |
Total TAV Airports (1) |
75,135 |
+4.4% |
618,096 |
+4.6% |
807,201 |
+4.8% |
(1) TAV
Airports started to operate the international terminal of Milas
Bodrum Airport in October 2015. To be compliant with TAV Airports'
presentations, the % change presented above does not take into
account Milas Bodrum international terminal for 2015. Taking into
account international terminal Milas Bodrum on a like-for-like
basis for 2015, total TAV Airports aircraft movements would
have risen by 2.1% in September, by 3.0% since the beginning of the
year 2016 and by 3.6% over the last 12 months.
Geographic split
Paris Aéroport |
Sept 2016
% change 2016/2015 |
Share of total traffic |
Jan.-Sept 2016
% change 2016/2015 |
Share of total traffic |
|
France |
-1.1% |
16.5% |
+0.1% |
16.6% |
Europe |
+0.5% |
45.6% |
+2.4% |
44.2% |
Other International
Of which |
-0.6% |
38.0% |
-0.4% |
39.3% |
Africa |
+2.0% |
11.0% |
+0.6% |
10.9% |
North America |
-2.0% |
10.4% |
0.0% |
9.9% |
Latin America |
+3.1% |
2.7% |
+1.9% |
3.2% |
Middle-East |
+1.8% |
4.7% |
+2.1% |
4.9% |
Asia-Pacific |
-7.7% |
6.2% |
-8.6% |
6.4% |
French Overseas Territories |
+5.1% |
2.8% |
+5.1% |
4.1% |
Total Paris Aéroport |
-0.2% |
100 % |
+0.9% |
100 % |
Paris Aéroport |
Sept 2016 |
Var. 2016/2015 |
Jan.- Sept 2016 |
Var. 2016/2015 |
Connecting Passagers(1) |
1,044,416 |
+0.1% |
8,717,474 |
+1.3% |
Connecting rate |
25.4% |
+0.2 pt |
+23.7% |
+0.1 pt |
Seat load
factor |
83.1% |
-1.2
pt |
83.9% |
+0.2
pt |
(1) Departures passengers
Press contact:
Elise Hermant, Medias 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, Paris Aéroport 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 in 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
Appendix
Revision of 2016 traffic growth assumption and of 2016 forecasts
for EBITDA and net result attributable to the Group
|
2016 forecast as at end of July 2016[1] |
2016 forecast updated on 10 October 2016 |
Traffic growth assumption |
+2.3% compared to 2015 |
Between +1.0% and +1.5% compared
to 2015 |
Consolidated EBITDA |
Slight growth compared to 2015 |
Stability compared to 2015 |
Net result attributable to the Group |
Slight decrease over 2016 compared to 2015, with a slight
organic growth (excluding 1/ the capital gain
of the current headquarters disposal and 2/ the impact of the share
of profit of associates from operating activities of the
International and Airport Development activities) |
Slight decrease over 2016 compared to 2015 |
Dividend for 2016 |
Maintaining 60% payout ratio
Interim dividend payment planned for December 2016
(unchanged) |
Maintaining 60% payout ratio
Interim dividend payment planned for December 2016
(unchanged) |
The 2016 forecast revision for the
net result attributable to the Group is mainly due to (i) the
change in traffic this summer in Paris Aéroport and (ii) to the
difficulties faced by TAV Construction. As a reminder, this company
is accounted as associates and the share of its profits is
accounted as share of profit of associates from operating
activities in the International and airports development
segment.
The forecasts for 2016 were
established using the same accounting methods as those used to
prepare the consolidated accounts as at 31 December 2015 and at 30
June 2016. They are based on assumptions made by the Group. The
main assumptions are as follows:
-
growth in passenger traffic of between 1.0% and
1.5% in 2016 compared to 2015;
-
the absence of new significant events with the
potential to decrease passenger traffic growth over the long
term;
-
the stability of airport fee rates as
implemented on 1 April 2016 as stated in the 2016-2020 Economic
Regulation Agreement signed with the government in August
2015;
-
meeting the commitments undertaken in the
Economic Regulation Agreement (available on
www.groupeadp.fr);
-
the effects on TAV Airports of the situation in
Tunisia and Turkey, and on TAV Construction
-
a capital gain recorded in 2016 for the
disposal of the current headquarter;
-
a capital gain linked to the disposable of
shares of the Mexican airport operator OMA following the conversion
of SETA shares
-
no significant change in the scope of
consolidation.
The 2016 forecasts presented above
are based on data, assumptions and estimates that the Group
management considers reasonable.
The data, hypotheses and estimates
summarised above are liable to change or to be modified due to
uncertainties linked in particular to competition and the economic,
financial, regulatory and climatic environment. Moreover, the
occurrence of certain risks described in Chapter 4 "Risks linked to
the activities of Aéroports de Paris" of the 2015 Registration
Document may have an impact on the Group's activities and its
ability to realise its objectives. In addition, the realisation of
its objectives is based on the assumption that Aéroports de Paris
successfully implements its commercial strategy described in the
"Strategy" paragraph of Chapter 6 of the 2015 Registration
Document. Aéroports de Paris therefore gives no undertaking, nor
does it provide any guarantee, with regard to attainment of the
objectives and guidance described in the present press release.
[1] Forecasts
published on 28 July 2016 in the 2016 first half results, available
on www.groupeadp.fr
Aéroports de Paris: September 2016
traffic figures and 2016 forecasts
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aéroports de Paris via Globenewswire
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