Individual shareholders

Aéroports de Paris has been a public limited company with a Board of Directors since the 22nd of July 2005. The Board of Directors determines the directions of the company’s business and ensures that they are implemented. It supervises the management of the Company and ensures the quality of the information given to shareholders. 

Administrative bodies and the general management 

The Board of Directors
Since 15 July 2009, the Board of Directors has comprised 18 members, distributed among three sections: six directors appointed by the general shareholder meeting, six directors appointed by decree representing the government authorities and six employee-elected directors, representing the employees. The Aéroports de Paris Chairman and CEO chairs the Board of Directors.

Two non-voting Board members with consultative capacity appointed by the general meeting also participate in the Board of Directors.

The terms of the directors and non-voting Board members with a duration of five years took effect on 15 July 2009. In 2018, the Board of Directors met  8 times with an attendance rate of 90%.

Dedicated committees
Three consultative committees contribute to the preparation of the Board's decisions by issuing opinions: 
• The Audit Committee
• Strategy and Investment Committee 
• a Compensation Committee
The Board of Directors is made up of the Executive Committee 
The Company has an executive Committee. Chaired by the Deputy Chief Operating Officer, the Executive Committee ensures the company's strategic and operational management. It discusses all subjects relating to its smooth running and that all decisions are properly carried out. It meets once a week.



 

Groupe ADP was formed as a national pubic institution in October 1945 with a public service remit to build, operate and develop civilian airports in a 50 km radius around Paris.

from 1945 to 1960 
from 1961 to 1981 
from 1982 to 1992 
from 1993 to the present day

 

The company's activities are split into 4 main segments:
Access to the operations of Groupe ADP
 

 Consult Group ADP strategy

The Paris airports host the majority of the world’s major international airlines, including those belonging to the three principal alliances, SkyTeam, Star Alliance and oneworld. In 2018, services were provided to 331 cities worldwide from Paris-Charles de Gaulle airport and Paris-Orly airport, which served 149 cities

The main airlines that operate from Paris-Charles de Gaulle and Paris-Orly are Air France2 (46.8% of overall traffic), easyJet3 (7.9%), Transavia.com (4.4%), Vueling (3.7%) and Delta Airlines (1.7%).
 

 

In 2018, EBITDA consolidated amounted to €1,961 million, up 25.1% compared to 2017.
The gross margin rate 3 increased by 0,5 points at 43.8%.

The net debt/equity ratio stood at 85% as at 31 December 2018 compared to 70% at end of 2017. Group net debt grew to €4,942 million as at 31 December 2018 compared to €3,797 million at the end of 2017, due to the full consolidation of TAV Airports.

In 2018, traffic increased by 3.8% compared to 2017, reaching 105.4 million passengers: it increased by 4.0% at Paris-Charles de Gaulle (72.2 million passengers) and 3.4% at Paris-Orly (33.1 million passengers).
The number of connecting passengers fell by 2.5% and the connection rate amounted to 21.7%, down 1.4 points. 

In 2008, Aéroports de Paris and Schiphol Group signed a long-term industrial cooperation agreement with Schiphol Group which manages Amsterdam airport. This alliance will enable the company to better understand the future challenges of the airline industry. It constitutes a major strategic initiative which will deliver significant benefits in all of the Group's activities.

 

Sustainable development and environmental protection are a pillar in Groupe ADP strategy; the group is a pioneer in this field in Europe. The Group is committed to a voluntary approach which goes beyond the regulatory constrictions with which it must comply. 
It has an internal "environment centre" that is responsible for internal environmental monitoring missions, research and engineering expertise in the areas of air quality, water and soil, as well as acoustics for all its airports.
The Group participates in the consultation bodies and regularly communicates its environmental monitoring indicators.
 

As a majority shareholder, the government approves major decisions which are the responsibility of the General Meeting (appointing directors, profit distribution, dividend distribution, changes in Articles of Association etc.). 
However, it does not intervene in the daily management which is the responsibility of the Chairman and CEO and his management team (Executive Committee).
The government also plays an essential role as a regulator: it sets a legal and regulatory framework for airport operations (transposition of international standards, environmental regulations) and is involved in determining the pricing policy of the Group through the Economic Regulation Agreement.
 

Aéroports de Paris are listed on the NYSE Euronext Paris (sub-fund A).
It is part of the indices SBF120, CAC Mid 60 and the ISR indexes holding the "socially responsible" non-financial rating of " Aspi Eurozone Europe and ESI. 
Its ISIN code is FR0010340141. It is eligible for the Deferred Settlement Service (SRD) and the Shares Saving Plan (PEA).
 

At 31 December 2011, there were 98 960 602 securities in circulation. Market capitalisation was 5245 million euros.
 

On our website www.parisaeroport.fr or by calling free on 0800 101 800.
 

Savings on management costs (exempt from custodial fees and some ongoing management costs).

•  Easy, personalised access to the General Meetings.

•  Personalised information: all registered shareholders receive their account statements, their transaction notifications and a tax statement as well as any information concerning the Group's financial transactions.

The securities continue to be managed by the financial intermediary. However, these shares are not exempt from custodial fees. However, the shareholder enjoys easy, personalised access to the General Meetings.
 

All documents can be downloaded on www.parisaeroport.fr or requested by calling free on 0800 101 800.
 

If you own bearer shares in Aéroports de Paris, and want to convert them into registered, pure or administered shares, you must submit your request to your broker who will carry out this operation. You can also call 0800 101 800 (calls free from landlines) and choose option "registered".
 

Yes. You should contact BNP Paribas, the establishment Groupe ADP has mandated to manage the shares of registered shareholders. To do this, call 0800 101 800.

 

In 2019, the General Meeting of shareolders' approved the distribution of a dividend of 3.70 euros per share for the 2018 financial year, reduced by the 0.70 euros per share advance payment of 2016 dividends paid on 10 December 2018, this being equivalent to 60% of net earnings. 
The payment date was set on 11 June 2019, with the coupon detachment on 7 June 2019.
 

A distinction must be made between the taxation of dividends and that of capital gains from securities transfers.

Taxation of dividends

A distinction must be made between the taxation of dividends and that of capital gains from securities transfers.
The tax regime is unchanged for 2015.
The finance law for 2013 removed the option of a 21% flat-rate withholding, which exempted the balance of income from tax. Dividends received after 1 January 2013 by natural persons resident in France for tax purposes are subject to the progressive scale of personal income tax.
A statutory withholding of 21%, which acts as an income tax prepayment and does not exempt the balance of income from tax, has been introduced on the total amount of dividends paid.
This withholding will be applied to the income due by the shareholder for the year during which the dividend was paid, and any surplus income tax will be rebated.
However, an exemption from the withholding is applicable in the following cases: those persons whose taxable income does not exceed €50,000 for a single person, and €75,000 for a couple.
In such cases. Applications to benefit from this exemption must be made at the latest by 30th November of the year before the tax is to be paid. 
In consideration of the progressive-scale statutory withholding, a partial income tax deduction of 5.1% may be claimed on the CSG (General Social Contribution).
Shareholders continue to enjoy an annual, non-capped allowance of 40% on the total amount of dividends received.

Taxation of capital gains on the disposal of securities
The tax regim is unchanged for 2015:
Capital gains are subject to the progressive-scale corporation tax, with a partial CSG deduction of 5.1%.
Taxpayers can however benefit from an allowance system calculated in line with the length of time the securities have been held:
- 50% of net profits on the sale of securities or distribution of dividends when shares, units, options or securities have been held for at least two years and not more than eight years at the date of transfer of title or distribution of dividends
- 65% of net profits on the sale of securities or distribution of dividends when shares, units, options or securities have been held for at least eight years at the date of transfer of title or distribution of dividends.
The length of time the shares have been held is still calculated from the date of issue or acquisition of the shares, units, options or securities up to the date of transfer of title.
Certain financial instruments fostering stock market investment continue to reduce the tax burden. This is particularly the case for the equity savings plan (PEA), if you have held your shares for five years from the date when the plan was opened. The limit for cash payments is €150,000 per plan for a single person and €300,000 per plan for a couple.