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AUGUSTIN de ROMANET
CHAIRMAN AND CHIEF EXECUTIVE OFFICER
INTERVIEW
HOW WOULD YOU ASSESS THE 2014 FINANCIAL YEAR? In 2014, thanks to our robust business model, we fulfilled all of our commitments to our customers and partners. We welcomed a record 92.7 million passengers, and their level of overall satisfaction reached an all-time high of 88.9%. Our earnings were in line with our forecasts. EBITDA(1) increased more than total revenue, because we successfully kept operating expenses under control. Operating income from ordinary activities grew by 8.8% owing to operating performance and to the strong contribution from foreign investments, including our investment in TAV Airports. Net income attributable to the Group surged 33.3% to €402 million. At the Annual General Meeting, we will propose that shareholders approve a dividend of €2.44 per share, versus €1.85 last year. In June 2014, the design study for the CDG Express was officially launched. By 2023, this new rail link will connect central Paris with Paris-Charles de Gaulle Airport in only 20 minutes and will address the current access problems of congestion on the A1 and A3 motorways and saturation of the RER B at peak times. CDG Express was set up by the French government, Aéroports de Paris and SNCF Réseau (formerly RFF). WHAT IS YOUR OUTLOOK FOR 2015? We expect traffic to increase by 2.6%, and we are maintaining our consolidated EBITDA growth target of 25-35% compared with 2009(2). We will continue to transform Paris-Orly Airport and develop Coeur d’Orly. At Paris-Charles de Gaulle, renovation continues on Terminal 1 satellites, while hotel and cargo capacity continues to be increased. Internationally, Aéroports de Paris, Vinci and the Italian group Astaldi have been awarded the Santiago de Chile International Airport concession for 20 years starting in October 2015. This was a great success, and we won it thanks to our expertise in engineering and operations. Lastly, negotiations on the 2016-20 Economic Regulation Agreement have begun and will determine the business fundamentals of the Paris airports over the next five years. The public consultation period began in January. Discussions are continuing and the agreement should be signed in the summer of 2015.
(1) Operating income from ordinary activities plus depreciation and provisions for impairment of non-current assets, net of reversals. (2) €883 million in 2009.
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