EIFFAGE (EPA:FGR) - APRR revenue and traffic for the 3rd quarter 2020

Transparency directive : regulatory news

20/10/2020 17:40

Vélizy-Villacoublay, 20th  October 2020
17:40

                               Press release

           APRR revenue and traffic for the 3rd quarter 2020

AS AT 30 SEPTEMBER 2020

Consolidated revenue

in millions of euro             At 30/9/2019     At 30/9/2020     % change

Toll revenue                       1,929.3          1,606.1         -16.8%
Revenue from retail facilities,
telecommunications and other          56.5             51.4          -9.0%
Revenue excluding Construction     1,985.8          1,657.5         -16.5%
Construction revenue (Ifric 12)*     302.6            215.6           nm

Excluding Construction, APRR's consolidated revenue totalled EUR1,657.5 million
at 30 September 2020, a decrease of 16.5% from EUR1,985.8 million at 30
September 2019 and reflecting the traffic decline over the period.

Traffic

in millions of kilometres travelled               Total network
                                    At 30/9/2019   At 30/9/2020   % change

Light vehicles                         15,889        12,465        -21.5%
Heavy goods vehicles                    2,914         2,604        -10.6%
Total                                  18,802        15,069        -19.9%

Overall traffic measured by total vehicle kilometres travelled went down by
19.9% at 30 September 2020 compared to the same period in 2019.

Light vehicle traffic decreased by 21.5% and heavy goods vehicles by 10.6%.

3RD QUARTER 2020

Consolidated revenue

in millions of euro                  Q3 2019         Q3 2020      % change

Toll revenue                          714.3            700.5       -1.9%
Revenue from retail facilities,
telecommunications and other           20.7             22.6       +9.6%
Revenue excluding Construction        735.0            723.2       -1.6%
Construction revenue (Ifric 12)*      101.1             90.3          nm

Excluding Construction, APRR's consolidated revenue totalled EUR723.2 million
in the 3rd quarter of 2020, a decrease of 1.6% from EUR735.0 million in the
third quarter of 2019.

Traffic

in millions of kilometres travelled               Total network
                                      Q3 2019         Q3 2020     % change

Light vehicles                          6,303           6,143      -2.5%
Heavy goods vehicles                      937             906      -3.4%
Total                                   7,240           7,048      -2.7%

Overall traffic measured by total vehicle kilometres travelled went down by
2.7% during the 3rd quarter of 2020 compared to the same period in 2019.

Despite a traffic over the summer months of July and August close to that of
2019, the traffic over the quarter decreased by 2.5% for light vehicles and by
3.4% for heavy goods vehicles.

Financing

On September 7th 2020, APRR successfully placed a new EUR0.5 billion bond issue
maturing in January 2029 for a coupon of 0.125%.

As a reminder, the sanitary crisis consequences keep on affecting the motorway
traffic and the traffic in the fourth quarter of 2019 had been favourably
impacted by the disruptions affecting the rail service.

* Note: the application of Ifric 12 from 1 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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23/04/2024 17:45

EIFFAGE (EPA:FGR) - APRR revenue and traffic for the 3rd quarter 2020

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