Aéroports de Paris SA: Groupe ADP acquires the ex
Post# of 301275
PRESS RELEASE
19 April 2018
Groupe ADP acquires the exclusive control of Airport International Group, concessionary of Queen Alia International Airport in Amman, Jordan
Groupe ADP, through its 100%-subsidiary ADP International, has finalized the transaction for the ownership of 51% of the capital, and the exclusive control of Airport International Group (« AIG »), concessionary of Queen Alia International Airport (QAIA) in Amman, Jordan. The new co-shareholders with which Groupe ADP invests are the infrastructures investment funds Meridiam and IDB Infrastructure Fund II. Edgo, already present, remains co-shareholder. Groupe ADP's investment stands at $265 million.
With this operation, Groupe ADP, already shareholder of AIG with a 9.5%-stake will fully consolidate the financial accounts of the concessionary firm.
Operator of QAIA since the beginning of the concession (25 years) in 2007, Groupe ADP has contributed to the performance and growth of the airport over the last ten years. Since 2007, traffic has been growing in average by 6.5% per year and a new terminal was built in 2013, then extended in autumn 2016, raising the airport capacity to 12 million passengers.
With the takeover of AIG, Groupe ADP will be able to spread its know-how, its expertise and its services offer. The objectives are to reinforce the air network departing from Amman, improve the quality of service offered to passengers and the performance of aviation and retail activities, and, at last, ensure a sustainable and socially responsible development during the remaining duration of the concession (until 2032).
A reference airport in the Middle East
Queen Alia International Airport handles 98% of Jordanian traffic. It is the base and hub of Royal Jordanian Airlines and the gateway for the main touristic spots of the country, especially Petra, the Dead Sea and Wadi Rum desert.
It welcomed 7.9 million passengers in 2017, an increase of 6.8% compared to 2016 and 1.8 million passengers between January and March 2018, an increase of 8.5% compared to the same period in 2018. For 2017 financial year, AIG's EBITDA reached €66.3 million.
This airport was ranked by the Airport Council International (ACI) second best airport of its category (more than 2 million passengers) in the Middle East, on the basis of the survey Airport Service Quality (ASQ/ACI) 2017, the most important worldwide reference programme regarding airport passengers satisfaction. Finally, it is the first airport in the Middle East to reach the level 3+ of the ACI Carbon accreditation, that is to say, the carbon neutrality.
An accelerating international strategy and broadened competences
Groupe ADP continues the roll out of its international strategy accordingly to its ambition to become a global leader in the design and operation of airports .
After the reinforcement of its teams and the gathering of all its international activities under the new ADP International during summer 2017, the group wishes to spread the whole range of its expertise and innovations through its airports network.
This new organisation allows to maximize synergies between businesses and subsidiaries, to ensure a closer relation with clients and better prospecting ability, relying on a local network of regional offices in Hong Kong (to cover the Asia Pacific area) and New-York (for Americas), to complete the group's offices in Istanbul (for Eastern Africa and the Middle East) and Paris (in charge of Europe and Western Africa).
As a reminder, Groupe ADP's international expertise is based on 3 skills areas:
- Airports operations for airports owned through concession or under management contract. It includes daily operation management but also operation process optimization, commissioning of new infrastructures, development of aviation and non-aviation (retail, real estate) revenues, etc.
Groupe ADP manages, directly or through TAV Airports, a network of 26 airports in the world, from Mauritius Island, Zagreb, Santiago de Chile, Conakry in Guinea, to Hajj terminal in Jeddah, Saudi Arabia.
- Engineering and innovation through auditing and consulting missions, architectural and technical design missions or contracting authority support, led by ADP Ingénierie . This subsidiary, with 750 references in more than 100 countries, has a large range of competences and is involved in every stage of airport infrastructure project.
- Project financing and investment , leading to take stakes (alone or in consortium) in the capital of concessionary firms or foreign airports.
Thus, the group owns 46.12 % of the Turkish airport group TAV Airports, 45% of Nuevo Pudahel, that operates Santiago de Chile airport or 20.8% of MZLZ, concessionary of Zagreb airport in Croatia.
Investor Relations: Audrey Arnoux, Head of Investor Relations +33 1 74 25 70 64 - invest@adp.fr Press contact: Lola Bourget, Head of Medias and Reputation Department +33 1 74 25 23 23
Groupe ADP develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2017, the group handled through its brand Paris Aéroport more than 101 million passengers and 2.3 million metric tonnes of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and more than 127 million passengers in airports abroad through its subsidiary ADP International. Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernizing its terminal facilities and upgrading quality of services; the group also intends to develop its retail and real estate businesses. In 2017, group revenue stood at €3,617 million and net income at €571 million.
Registered office: 1, rue de France, 93 290 Tremblay-en-France. Aéroports de Paris is a public limited company (Société Anonyme) with share capital of €296,881,806. Registered in the Bobigny Trade and Company Register under no. 552 016 628.
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