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Paris Airports Airport Cities developer

and designer

Achievements, competitive advantages & ambition

Half-yearly income 2009 │ 2

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# 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

Half-yearly income 2009 │ 3

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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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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

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152

282

154

5613069

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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 byleased 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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A strong & diversified client portfolio

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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

MITRY Services

Parinor 2

catering

Mesnil-Amelot

PRIMARY

CIRCLE

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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.

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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

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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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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

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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

12 14

Roissypole : CDG core airport city of sqm 300,000

A business district with offices, hotels and transportation system…

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

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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…

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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

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Cœur d’Orly : three office buildings of sqm 70,000 with sqm 20,000 under construction (Askia – delivery in 2015)

Surfaces de plancher

16 15

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

shops

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Cœur d’Orly - Askia : sqm 20,000 of office

Surface de plancher

18 16

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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

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2007 2008 2009 2010 2011 2012

Investissements IMO (M€)

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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

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Thank you for your attention