EIFFAGE (EPA:FGR) - APRR Revenue and traffic for the 3rd quarter 2018

Transparency directive : regulatory news

23/10/2018 07:59

Vélizy-Villacoublay, 22th  October 2018
17:40

                            Press release

               APRR revenue and traffic for the 3rd quarter 2018

AS AT 30 SEPTEMBER 2018

Consolidated revenue

in millions of euro         At 30/9/2017  At 30/9/2018    % change
Toll revenues                  1,798.6      1,901.3         +5.7%
Revenue from retail
facilities,
telecommunications
and other                         52.5         56.7         +8.0%
Revenue excluding Construction 1,851.1      1,958.0         +5.8%
Construction revenue (IFRIC 12)* 201.2        237.1           ns

Excluding Construction, APRR's consolidated revenue totalled EUR1,958.0 million
at 30 September 2018, an increase of 5.8% from EUR1,851.1 million at 30
September 2017.

Traffic

in millions of kilometres travelled         Total network
                                   At 30/9/2017 At 30/9/2018 % change
Light vehicles                        15,608        16,077      +3.0%
Heavy goods vehicles                   2,742         2,885      +5.2%
Total                                 18,350        18,962      +3.3%

Overall traffic measured by total vehicle kilometres travelled increased by
3.3% compared to the same period in 2017.

Light vehicle traffic was up 3.0% whilst heavy goods vehicle traffic increased
by 5.2%.

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

3RD QUARTER 2018

Consolidated revenue

in millions of euro     Q3 2017  Q3 2018   % change
Toll revenues            675.9    702.0      +3.9%
Revenue from retail
facilities,
telecommunications
and other                 19.2     21.3     +10.9%
Revenue excluding
Construction             695.1    723.3       4.1%
Construction revenue
(IFRIC 12)*               73.7    103.3        ns

Excluding Construction, APRR's consolidated revenue totalled EUR723.3 million
in  the 3rd quarter of 2018, an increase of 4.1% from EUR695.1 million in the
third quarter of 2017.

Traffic

in millions of kilometres travelled     Total network
                                  Q3 2017  Q3 2018   % change
Light vehicles                      6,286   6,354      +1.1%
Heavy goods vehicles                  897     924      +3.0%
Total                               7,183   7,278      +1.3%

Overall traffic measured by total vehicle kilometres travelled increased by
1.3% during the 3rd quarter of 2018 compared to the same period in 2017.

Light vehicle traffic was up 1.1% whilst the heavy goods vehicle traffic
increased by 3.0%.

Unlike during the first semester, when it benefitted from exceptional
favourable events, 3rd quarter traffic was affected by unfavourable calendar
effects.

* 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.

MOTORWAY INVESTMENT PLAN

APRR and AREA have signed a motorway investment plan with a value of about 187
million euros. This investment plan is made of 12 projects, in association with
local authorities for some of them, and covers the following:
* the creation or enhancements of junctions,
* the construction of wildlife crossings and environmental protections, and
* the building of car sharing parking spaces.

These investment will permit the acceleration of the network development and
modernisation, in particular in the fields of protection of the environment and
customer service.

This plan is financed by an additional annual tariff increase over the years
2019 to 2021 of 0.198% for APRR and 0.389% for AREA.

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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EIFFAGE (EPA:FGR) - APRR Revenue and traffic for the 3rd quarter 2018

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