2022 Universal Registration Document

Presentat i on of the Group 1 Group activities

TERMINAL 1, THE FIRST MODEL APARTMENT OF THE EXTIME BRAND

To complete the experience, personalised attention is provided throughout the journey by the Master of the House and their teams. The Master of the House is a specific feature and a strong marker of Extime hospitality: he or she welcomes passengers, reassures them, and brings together the entire airport community around the physical location of the terminal and its project. 1.1.3.2.6 Activities of retail subsidiaries Aéroports de Paris receives income from the retail subsidiaries based on their turnover, which is recorded under retail activities. The results of the two Extime Duty Free Paris retail subsidiaries 1 and Relay@ADP have been fully consolidated in Groupe ADP’s financial statements since April 2019. For EPIGO, the share of profit/loss from retail subsidiaries is recorded as profit/loss from operating activities using the equity method, between EBITDA and the profit/loss from continuing operations in Groupe ADP’s consolidated financial statements. Extime Food & Beverage Paris is fully consolidated. In 2021, Aéroports de Paris selected Select Service Partner (SSP) to form a catering joint venture for the majority of the points of sale.

Extime Terminal 1 is the first show apartment of the brand, offering travellers a place defined by its excellence in the design of the offer as of the service, with a strong local footprint. Within this infrastructure steeped in history, Extime propels passengers into the design experience and into the world of “Paris is a party” through a hybridisation of uses where everyone can work, rest, have fun, isolate themselves… in an unexpected environment for an airport. A showcase for the French art of living, Extime Terminal 1 transports passengers in a retail environment worthy of the most beautiful Parisian squares. All the major luxury houses are present around a 1,300 m 2 open space dedicated to beauty as well as a space dedicated to the French art of living: gastronomy, spirits and wines. The catering offer has been designed to meet all tastes, from the world inspired by the Grandes Brasseries in Paris signed by Chef Alain Ducasse, to a warm Parisian loft designed for those in a hurry, throughout the day.

2022

2021

2022/2021

(in millions of euros)

SALES OF RETAIL SUBSIDIARIES (100%)

881 631

384

+€497 MILLION +€320 million +€59 million +€31 MILLION

Extime Duty Free Paris

311 36

Relay@ADP

95

PROFIT/LOSS OF RETAIL SUBSIDIARIES (100%)

7

(25) (14)

Extime Duty Free Paris

(1)

+€13 million +€16 million

Relay@ADP

12

(3)

SOCIÉTÉ DE DISTRIBUTION AÉROPORTUAIRE, WHICH BECAME EXTIME DUTY FREE PARIS Presentation

the event of a change in its control or in the event of termination or expiry of all agreements entered into with Aéroports de Paris allowing the Company to carry out its activities at Paris-Charles de Gaulle and Paris-Orly airports (contractual expiry date at the end of 2032). Aéroports de Paris and Lagardère Duty Free have set up a balanced governance that mainly includes: ◆ a Chairmanship held by a natural person who is appointed and renewed by Aéroports de Paris; ◆ a collegial body called the “Board” which is composed of 10 individuals (including the Chairman) appointed equally by the two partners. Lastly, the Articles of Association provide that Aéroports de Paris has a call option exercisable on the shares held by its co-partner in the event of a disagreement that is not otherwise remedied within the governance. Aéroports de Paris considers that it has exercised accounting control of the Company since April 2019. Accounted for on an equity basis until that time, Extime Duty Free Paris’ accounts have been fully consolidated since then. At the end of 2022, Extime Duty Free Paris managed 113 outlets over a total area of 25,500 m 2 across all terminals at Paris-Charles de Gaulle and Paris-Orly.

In parallel with the leasing of retail space, Aéroports de Paris is also involved in the direct management of retail space though its subsidiary Extime Duty Free Paris, a French simplified joint stock company (SAS), in partnership with airport distribution specialist Lagardère Duty Free, a subsidiary of the Lagardère Travel Retail Group. Extime Duty Free Paris sells alcohol, tobacco, perfume-cosmetics, gourmet food, fashion and accessories and photo-video-sound products. The Company’s share capital consists of two categories of preferred shares held respectively at 51% by Aéroports de Paris and 49% by Lagardère Duty Free, which are distributed in due proportion, subject to the provisions of the Articles of Association, the profits and reserves of the Company. The Articles of Association provide for a right of pre-emption and approval in certain cases of transfer of shares. In addition, the Articles of Association offer each partner the possibility of causing the exclusion of the other partner and the forced sale of his or her shares in the event of a breach of a clause of the Articles of Association that is not remedied or open a corporate difficulty procedure against them. In addition, under the conditions provided for by the Articles of Association, Aéroports de Paris has the option to cause the exclusion of Lagardère Duty Free in

1 Formerly known as Société de Distribution Aéroportuaire.

78

AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 2022