ADP Automatic Data Processing Inc

Regulatory News:

Passenger traffic

In April 2010, passenger traffic at Aéroports de Paris (Paris:ADP) (Pink Sheets:AEOPF) decreased by 19.1% compared with April 2009. Paris airports handled a total of 5.9 million passengers divided up between 4.1 million for Paris-Charles de Gaulle (-20.0%) and 1.8 million for Paris-Orly (-17.0%).

The decrease in this month's traffic is due to air traffic disruptions caused by the eruption of Icelandic Eyjafj�ll volcano. The negative impact on Aéroports de Paris traffic was estimated to be at around 1.4 million passengers further to the five days of traffic shutdown (from Thursday, April 15 at 11p.m. until Tuesday, April 20 at noon) and the two days of progressive reopening.

• International traffic (excluding Europe) stood at -13.9%. All destinations recorded traffic losses: French Overseas Territories and Departments: -9.7%, The Middle East: -10.2%, Africa: -11.7%, Asia-Pacific: -15.4%, North America: -17.8%, Latin America: -18.4%.
• European traffic (excluding France) dropped by 23.1% including a 23.3% slump on Schengen routes and a 29.6% decline on Great Britain and Ireland routes.
• Traffic within metropolitan France dropped by 20.7%.
• The number of connecting passengers was down 22.5% in April 2010 compared with April 2009, coming in at a connecting rate of 21.6% (against 22.9% in April 2009).

Since the beginning of the year, passenger traffic decreased by 4,9%. For the same period, the connecting rate declined by 0.6 basis point to 24.3%.

In February 2010, Aéroports de Paris made the assumption that traffic would grow by 0.5% in 2010. Taking into account April's traffic disruption, but thanks to a more favourable outlook than initially anticipated for the upcoming months, Aéroports de Paris is now assuming that traffic in 2010 would be of the same order of magnitude as traffic in 2009, as mentioned in the press release dated May 12, 2010 regarding the 1st quarter revenue. On this basis, Aéroports de Paris still anticipates a slight revenue growth in 2010 compared to 2009 and a 2010 EBITDA in the range of 2009 EBITDA.

Revenue passenger traffic

Passenger

traffic figures

  April

2010

 

%

change*

 

January toApril 2010

 

%

change*

 

12 months toApril 2010

 

%

change*

Paris-CDG 4,062,475 -20.0%

16,693,216

-4.8% 57,067,734 -4.4% Paris-Orly 1,860,824 -17.0% 7,399,263 -5.2% 24,699,102 -3.5% Total 5,923,299 -19.1% 24,092,479 -4,9% 81,766,836 -4.1%

* year on year

Traffic by geographic area

Geographic areas   April 2010 /

April 2009

 

% total traffic

  Jan-Apr. 2010 /

Jan-Apr. 2009

 

% total traffic

Europe Domestic -20.7% 18.7% -7.7% 18.9% Europe -23.1% 40.5% -6.4% 39.7% of which Schengen -23,3% 31.6% -6.0% 30.9% Other international -13.9% 40.9% -2.0% 41.4% French Overseas Territories and Departments -9.7% 3.8% 4.4% 4.4% Africa -11.7% 13.1% -1.4% 12.5% North America -17.8% 9.3% -6.4% 8.6% Latin America -18.4% 3.3% -5.6% 4.1% Middle East -10.2% 5.3% 4.3% 5.2% Asia/Pacific -15.4% 6.1% -3.6% 6.7% TOTAL -19.1% 100.0% -4.9% 100.0%

Note: All traffic data are expressed in revenue passengers (including direct transfer passengers).Switzerland joined the Schengen area on 1 April 2009.

Aircraft movements

The number of aircraft movements dropped by -19.6% in April 2010 year on year (with -21.2% at Paris-Charles de Gaulle and -15.8% at Paris-Orly). Since the beginning of the year, the number of aircraft movements dropped by 9.4%.

 

  April

2010

 

%

change*

 

January toApril 2010

 

%

change*

 

12 months toApril 2010

 

%

change*

Paris-CDG 35,151 -21.2% 151,684 -10.2% 500,705 -7.7% Paris-Orly 16,381 -15.8% 66,531 -7.5% 215,215 -4.6% Total 51,532 -19.6% 218,215 -9.4% 715,920 -6.8%

* year on year

In April 2010, the passenger load factor rose to 74.3%, compared with 75.6% in April 2009.

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Aéroports de Paris builds, develops and manages airports including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. With 83 million passengers handled in 2009, Aéroports de Paris is Europe's second-largest airport group in terms of airport passenger traffic and the European leader for freight and mail.With 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, and also intends to develop its retail and real estate business. In 2009, the group revenue stood at 2,633 million euros and the net income at 270 million euros.

www.aeroportsdeparis.fr