2022 is a year marked by strong growth in Groupe ADP's results. We have welcomed more than 280 million passengers in our entire airport network. In Paris, we have welcomed close to 87 million passengers, more than twice than in 2021. The strong recovery in traffic has been an operational and human challenge and a want to thank our employees and partners for their mobilization. In Paris, Retail & Services activities recorded an outstanding growth, driven by an Extime Paris Sales per Pax2 reaching 27.4 euros, up +4.0 euros (+16.9%) compared to 2019, and up 2.1 euros (+8.2%) compared to 2021. This solid performance translates into an EBITDA of 1,704 million euros, with an EBITDA margin of 36.4% of revenue, in the upper part of the target range. Groupe ADP returns to a solid net result, at 516 million euros, leading to propose to the General Meeting a 3.13 euros dividend per share, equivalent to a payout of 60% of the net result attributable to the group. All the 2022 targets have been met or exceeded. Based on an adjusted financial trajectory for the 2023-2025 period, Groupe ADP confirms its commitment to continue deleveraging its balance sheet, targeting a Net Debt to EBITDA ratio lowered again to 3.5x to 4.5x EBITDA in 2025 (the previous target was 4.5x to 5.0x EBITDA), including selective international growth projects. In 2023, all Groupe ADP teams will continue to be mobilized for the ecological transition of our industry and to welcome travelers in our airports even better. This ambition is set out in our 2025 Pioneers strategic roadmap, serving all our stakeholders.
Augustin de Romanet,
Chairman and Chief Executive Officer