EIFFAGE (EPA:FGR) - APRR revenue and traffic for the 1st semester 2021

Transparency directive : regulatory news

20/07/2021 17:40

Vélizy-Villacoublay, 20th July 2021
17:40

                                  Press release

               APRR revenue and traffic for the 1st semester 2021

1st semester 2021

Consolidated revenue

in millions of euro   H1 2019   H1 2020 H1 2021  Variation (%) Variation (%)
                                                  2021/2020     2021/2019

Toll revenue          1,215.0    905.5  1,074.4    +18.6%        -11.6%
Revenue from retail
facilities,
telecommunications
and other                35.8     28.8     38.6    +34.2%         +7.8%
Revenue excluding
Construction          1,250.8    934.3  1,113.0    +19.1%        -11.0%
Construction revenue
(Ifric 12)*             201.6    125.3    122.2      ns            ns

Excluding Construction, APRR's consolidated revenue totaled EUR1,113.0 million
in the 1st semester of 2021, an increase of 19.1% from EUR934.3 million in the
1st semester of 2020.

Traffic

                                           Total network

in millions of        H1 2019   H1 2020  H1 2021 Variation (%) Variation (%)
kilometers travelled                              2021/2020     2021/2019

Light vehicles         9,585     6,322     7,621     +20.5%       -20.5%
Heavy goods vehicles   1,977     1,699     1,958     +15.3%        -1.0%
Total                 11,562     8,021     9,579     +19.4%       -17.1%

Overall traffic measured by the number of kilometers travelled increased by
19.4% in the 1st semester of 2021 compared to the previous year.
Light vehicles traffic was up 20.5% over the semester, heavy goods vehicles
traffic increased by 15.3%.
The third nationwide lockdown, which started on 3 April, particularly affected
traffic in April. The gradual lifting of the restrictions from 3 May onwards
resulted in a very significant improvement in traffic, as had already been
observed during the previous lockdown easing.

2nd quarter 2021

Consolidated revenue

in millions of euro       Q2 2019  Q2 2020 Q2 2021  Variation (%) Variation (%)
                                                      2021/2020    2021/2019

Toll revenue                628.9    356.5    558.9    +56.8%       -11.1%
Revenue from retail
facilities,
telecommunications and
other                        19.6     10.6     22.6   +112.6%       +15.1%
Revenue excluding
Construction                648.5    367.1    581.4    +58.4%       -10.3%
Construction revenue
(Ifric 12)*                 125.2     72.4     76.9      ns           ns

Excluding Construction, APRR's consolidated revenue totaled EUR581.4 million in
the 2nd quarter of 2021, an increase of 58.4% from EUR367.1 million over the
same period in 2020.

Traffic
                                           Total network

in millions of         Q2 2019   Q2 2020   Q2 2021  Variation (%) Variation (%)
kilometers travelled                                  2021/2020    2021/2019

Light vehicles          5,064     2,213     4,036     +82.4%        -20.3%
Heavy goods vehicles      989       753       991     +31.5%         +0.2%
Total                   6,053     2,967     5,027     +69.5%        -17.0%

Overall traffic measured by the number of kilometers travelled increased by
69.5% in the 2nd quarter of 2021 compared to the same period of 2020.
Light vehicles traffic increased by 82.4% and heavy goods vehicles traffic was
up by 31.5%.
Compared to 2019, the closure of ski lifts in ski resorts significantly
affected the use of the network in April.

(*) 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 operators
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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