EIFFAGE (EPA:FGR) - APRR revenue and traffic for the first semester 2019

Transparency directive : regulatory news

23/07/2019 17:40

Vélizy-Villacoublay, 23rd July 2019
17:40

                             Press release

APRR revenue and traffic for the 1st semester 2019

1st semester 2019

Consolidated revenue

in millions of euro               S1 2018  S1 2019   % change
Toll revenue                      1,199.3  1,215.0     +1.3%
Revenue from retail
facilities, telecommunications
and other                            35.4     35.8     +1.3%
Revenue excluding Construction    1,234.7  1,250.8     +1.3%
Construction revenue (IFRIC 12)*    133.8    201.6       nm

Excluding Construction, APRR's consolidated revenue totalled EUR1,250.8 million
in the 1st semester of 2019, an increase of 1.3% from EUR1,234.7 million in the
1st semester of 2018.

Traffic

in millions of kilometers travelled
                                Total network
                          S1 2018  S1 2019   % change
Light vehicles             9,723    9,585      -1.4%
Heavy goods vehicles       1,961    1,977      +0.8%
Total                     11,684   11,562      -1.1%

Overall traffic measured by the number of kilometers travelled decreased by 1
.1% in the 1st semester of 2019 compared to the previous year.

Light vehicle traffic was down 1.4% over the semester, heavy goods vehicle
traffic was up 0.8%.

The traffic, in particular the light vehicle one, had been favorably impacted
by the disruptions affecting the rail service during the second quarter of
2018.

2nd quarter 2019

Consolidated revenue

in millions of euro            Q2 2018   Q2 2019    % change
Toll revenue                    627.0     628.9       +0.3%
Revenue from retail
facilities,
telecommunications and
other                            19.2      19.6       +1.9%
Revenue excludingConstruction   646.2     648.5       +0.4%
Construction revenue (IFRIC 12)* 92.9     125.2         nm

Excluding Construction, APRR's consolidated revenue totaled EUR648.5 million in
the 2nd quarter of 2019, an increase of 0.4% from EUR646.2 million over the
same period in 2018.

Traffic

in millions of kilometers travelled
                                    Total network
                            Q2 2018    Q2 2019   % change
Lightvehicles               5,186      5,064     -2.4%
Heavy goods vehicles          994        989     -0.6%
Total                        6,180      6,053    -2.1%

Overall traffic measured by the number of kilometers travelled decreased by
2.1% in the 2nd quarter of 2019 compared to the same period of 2018.

Light vehicle traffic decreased by 2.4% and heavy goods vehicles traffic was
down by 0.6%.

Key event

On June 13 2019, the French Ministry for the Ecological and Inclusive
Transition announced that it had chosen a consortium comprising Eiffage (lead)
and APRR as "single preferred bidder" for the RCEA concession.

The project involves widening and upgrading to motorway standards a section of
the RN 79 national road between Sazeret (Allier) and Digoin (Saône-et-Loire).
This operation is part of a plan to enhance safety on the Route Centre-Europe
Atlantique.

(*) Reminder: the application of IFRIC 12 from 1st January 2009 requires the
recognition of revenue generated by construction activities, which corresponds
to infrastructure construction services performed by the concession operator
for the account of the concession grantor, this work being entrusted to third
parties and recognised using the percentage of completion method.

Investor relations                      Press contact
Xavier Ombrédanne                       Sophie Mairé
Tel: + 33 (0)1 71 59 10 56              Tel.: + 33 (0)1 71 59 10 62
E-mail: xavier.ombredanne@eiffage.com   E-mail: sophie.maire@eiffage.com

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