AIRPORT CITIES DAY 2 STREAM B SESSION 1

1. 1
Paris Airports
Airport Cities developer
and designer
Achievements, competitive advantages & ambition

2. Half-yearly income 2009 │ 2
2
# 1 Airshow in the
world
# 1 business aviation
airport in Europe
28 m passengers
French regions,
Europe, Africa
and
Mediterranean
area
150 destinations
63 m passengers,
300 destinations
Air France KLM and
Fedex hubs
# 1 cargo airport in
Europe
• 90 m passengers
• 2,2 m tons freight &
post
Aéroports de Paris - 3 airports & 3 airports cities
 115 000 direct jobs
 69 000 indirect jobs
 20 450 jobs created
in CDG over 10 years
 2% of national jobs
 7 x the jobs created as in
Île-de-France

3. Half-yearly income 2009 │ 3
3
Property: a core area that makes a significant contribution to ADP's performance
Paris airports in 2013
o The benchmark European airport group
o 90 million passengers (No 2 in Europe)
o 2.2 million tons of cargo (No 1 in Europe)
o Revenue : € 2,754 million
o EBITDA : € 1,075 million
o ROC : € 680 million
Paris airports property in 2013
o ADP: integrated property operator, developer of the airport city
o Assets rented out: 529 ha + 1.2 m sqm floor area
o 412 ha of land reserves to be developed
Segment I
o Revenue : € 265 million
o EBITDA : € 160 million
o ROC : € 117 million
EBITDA/Revenue : 60%EBITDA / Revenue : 39%
ADP Property Turnover (M€)
170
180
190
200
210
220
230
240
250
260
2007 2008 2009 2010 2011 2012
ADP Property EBITDA (M€)
50
70
90
110
130
150
170
2007 2008 2009 2010 2011 2012
2012 – 2007 trend
Revenue : + 26 %
EBITDA : + 65 %
ROC : + 95 %

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4
The industrial assets of the direct and central
operators in the airport sphere :
• Aircraft maintenance hangars
• Cargo warehouses
Airport property Diversification property
Assets that are external but vital to the sphere :
• Offices
• Retail & hotels
• Industrial premises & logistics warehouses
Our strengths: a unique, diversified portfolio, with limited risk
"Creating centrality… ... to generate resulting value "
Offices, hotels, retail
2nd front Cargo, warehouses
Cargo, catering
Commercial real estate
Airport real estate

5. Half-yearly income 2009 │ 5
5
152
282
154
56130
69
23
Cargo
Hangars
AdP
Warehouses
Officies
Activities
Others
1300 ha of exceptional land…
 Dedicated to property development…
 Exceptional location...
At the heart of the No 1 French economic driver
 Wholly owned by ADP
Our strengths: a unique, diversified product mix, with limited risk
'From support for airport needs… …to an improved, competitive model'
Our strengths: a unique, diversified product mix, with limited risk
"From support for airport needs… …to an improved, competitive model "
Land owned by ADP (ha)
Leased surface areas (floor area in m²)
427
335
547
Land reserves
Land occupied by
leased building
leased land
Total built surface area: 866 000 m²
(source: 2011 reference document)
Land base dedicated to property: 1309 ha
(source: 2011 reference document)

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6
A strong & diversified client portfolio
6

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7
Our ambition : capturing the added value generated by the airport
 by developing, over the long term, a tailored range of property (office,
hotels, retail, cargo facilities, industrial premises…)
 by capitalising on the unique position of our land, at the heart of the
airport business
 by organising the area in line with the Airport City concept, tailored to the
specific nature of each airport
 by promoting the conditions (services and quality of life) that are vital
for creating airport value
Logistics
MITRYServices
Parinor 2
catering
Mesnil-Amelot
PRIMARY
CIRCLE

8. Half-yearly income 2009 │ 8
8
Organising and developing
The airport city is divided into distinct districts, depending on the needs of the clients.
We have taken our inspiration from the best airport cities in Europe and throughout the
world.
The role of each district has now been decided on. It incorporates the basic functions
and services that are necessary for the harmonious but competitive development of each
district.
The layout has been designed in collaboration with the local authorities and is consistent
with the development of the surrounding land.

9. Half-yearly income 2009 │ 9
9
CDG - Organising and developing...
… CDG's Cargo City, No 1 in Europe
Creating vital visibility
 Drawing up a joint urban master plan with the operators with
the aim of doubling tonnage
 access to the cargo city and movements within it secure
Increasing the appeal of team France in the context
of fierce global competition
 Strengthening the local presence of freight forwarders, key
creators of value in the cargo business
 Developing courier business
Investing in next-generation industrial tools
 through a proactive 100% ADP investment policy A winning strategy
 Overall vacancy rate first front as at 01/09/2013: 13%
FedEx Hub
 600,000 sqm dedicated to cargo including
 200,000 sqm owned by ADP
 Building revenues: 115 €/sqm v/s 70€/sqm off airport

10. Half-yearly income 2009 │ 10
10
 A 12 hectare land
located at the main
access of CDG
 Shopping mall of GLA
84,000 sqm
 BREEAM Gold
certification
 Investment : € 340 m
(Unibail-Rodamco)
 Opened since 2013
CDG - Aéroville : a shopping mall (200 shops, 1 multiplex cinema, 30 restaurants,
services…) just aside the Cargo City

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11
 10 ha of available land, visible from the airport main
access
 direct vicinity of Aéroville shopping mall
 Because of possible traffic jams, no retail park
extension but:
– flagships for automobile manufacturers
– Health facilities for international VIP
– Hotels
 Our target: Comparable land revenues as Aéroville
shopping mall
CDG - Aéroville : a fantastic opportunity of developing the airport city, on the
airport main access

12. Half-yearly income 2009 │ 12
12
Terminal 1
Terminal 2
Roissypole west
Hilton
Air France
Headquarters
Gare RER
Ibis
Le Dôme
Novotel
Continental Square
Altaï
ADP
headquaretrs
Mercure & Ibis Styles
Citizen M
Cité PN Air France
Aéronef
Pullman
Office
Hotel
Infrastructure
14
Roissypole : CDG core airport city of sqm 300,000
A business district with offices, hotels and transportation system…

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13
… to be developed as a major Airport City connected to future T4

14. Half-yearly income 2009 │ 14
14
Citizen M
Altaï
Aéroville
Continuing to construct the benchmark airport town within the heart
of the CDG hub
 Drawing up the master plan for Roissypôle, the central business district at the
epicenter of value creation of the airport business.
 Deciding on the product mix of hotels and services immediately adjoining the
hub
Immediate appeal
 Altaï, 14 000m² services VHEP + low-consumption building, delivered summer
2012, 100% let end 2011
 Citizen M, hotel innovation with a revolutionary concept, delivered end 2013
A development over several decades
 Provision renewed to the best standards expected by the market
 Gradual and well thought-out deployment, with appropriate fixtures
Roissypole : CDG core airport city of sqm 300,000
A business district with offices, hotels and transportation system…

15. Half-yearly income 2009 │ 15
15
ORLY AIRPORT Organizing and developing
… Cœur d’Orly, a major urban project driving the renewal of Paris-Orly Airport
A former and old servant district in
the heart of the airport
Redeveloping this district by
constructing the airport city :
 A project over 13.5 ha in the first phase
 Low-consumption building offices and
retain in a 50/50 pool with Altarea
Cogedim and Foncière des Régions
 Phase 1: 70,000 m² of offices, 35,000
m² of hotels
 Phase 2: CDAC trading consent
applied for 41,000 m² of retail
A major project facing the crisis :
 Large surface areas on offer for
businesses wishing to generate cost
savings

16. Half-yearly income 2009 │ 16
16
Cœur d’Orly : three office buildings of sqm 70,000 with sqm 20,000
under construction (Askia – delivery in 2015)
Surfaces de plancher
15

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17
Cœur d’Orly retail : a shopping mall (23,000 sqm), food court (3,800 sqm) and
shops

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18
Cœur d’Orly - Askia : sqm 20,000 of office
Surface de plancher
1816

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19
Organising and developing…
… a major drive since 2007, which is succeeding
 Despite the crisis, an ambitious development goal
in ERA 2 : 320 to 360 000 sqm.
 Projects signed since 2011 in ERA 2 :
320 000 sqm
2 011 2 012 2 013 2014-15
Cargo 18 000 9 000 1 000
Officies 1 300 13 250 20 200
Hotels 8 600 33 100
Logistics 70 000 8 800
Retail 110 000
Industry 4 250 17 200 5 700
Total built area
(sqm)
14 150 118 450 119 000 68 100
0
10
20
30
40
50
60
70
80
2007 2008 2009 2010 2011 2012
Investissements IMO (M€)

20. Half-yearly income 2009 │ 20
20
Our outlook
ADP property division (IMO) is developing and creating the airport city.
Working in synergy with the ADP Group, IMO has implemented a diversified strategy:
 planner and developer of the districts in the airport town
 investor, independently or in partnership, in clearly identified products (Offices and Cargo)
 improving the economic effectiveness of our assets
 aligning the quality of our assets with the standards of the market
 Developing the loyalty of and strengthening service quality for our tenants
Our strategy is to continue to capture the added value generated by the airport
business, with a measured, diversified risk

21. Half-yearly income 2009 │ 21
21
Thank you for your attention