2022 Universal Registration Document

Presentat i on of the Group 1 Group activities

GOVERNANCE As at 31 December 2022, the shareholders of GMR Airports Ltd were as follows:

Shareholder

% of share capital

Aéroports de Paris SA

25.15% 23.85%

49.00%

GMR Infra Services Ltd (100% owned by Aéroports de Paris SA) 1

GMR Infrastructure Ltd

48.69%

Welfare Trust of GIL

2.06% 0.25%

Other securities

1 In the short term, the 49% stake in GMR Airports will be directly owned by Aéroports de Paris SA.

ADP has the option to appoint predetermined key positions within GMR Airports, including the Deputy CEO and Global COO.

At the end of 2022, the Board of Directors of GMR Airports was composed of 13 members, five of whom were appointed based on proposals by ADP (Augustin de Romanet, Philippe Pascal, Xavier Hürstel, Fernando Echegaray and Antoine Crombez), i.e. the same number of directors as GMR Infrastructure Limited. The Board of Directors also included three independent members.

CONCESSION MODELS (SITUATION AT THE END OF 2022)

Concession fee (% of the revenue)

Airport

Type/End date of Concession

GAL stake

Scope

Delhi

Concession 2036 (2066)

64% 63% 49% 99%

Airport Airport Airport Airport Airport

45.99%

Hyderabad

BOT/Concession 2038 (2068)

4.0%

Kualanamu Medan

Concession 2047

19%

Goa

BOT/Concession 2056 (2076) BOT/Concession 2060 (2080)

36.99%

Bhogapuram

100%

Linked to inflation until 2034 then 180 INR/Pax from 2034

Heraklion

BOT/Concession (2054) Sub-concession (2027)

22%

Airport

None

Kannur

Duty Free

-

At the end of 2022, the maturity of the GMR Airports concession portfolio was 47 years.

MAIN DEVELOPMENTS DURING 2022 As with all Groupe ADP airports, the airports in the GMR Airports network continued to be affected by the global health crisis and the various waves that hit India (including the one in January – February 2022). However, Indian airports have shown real resilience, driven by domestic traffic. From March 2022, domestic traffic at Indian airports reached levels close to pre-crisis levels, while the recovery in international traffic was more gradual, reaching around 90% of the 2019 level at the end of the year. In Cebu, traffic recovery was slower, reaching around 60% of the 2019 level at the end of the year. In 2022, traffic on the three GMR Airports platforms reached 84.1 million passengers, i.e. 81.3% of the level of traffic observed in 2019. Similarly, the health measures necessary to ensure the protection of passengers and employees were maintained for part of the year and evolved according to the requests of the Indian authorities as well as the latest international standards and practices. This high level of measures was recognised by the Skytrax “Covid

19 Excellence Award” awarded to Delhi Airport, and all airports received the ACI Airport Health Accreditation. GMR Airports continued its development and investments in 2022, while adapting certain platform capacity investments where necessary. In Delhi, the investment program (Phase 3A) was carried out, including major developments of the airside facilities and the first stages of the future terminal 1. Hyderabad airport continued work on the extension of its current terminal (extension of the boarding piers and expansion of the processor), the first parts of which were delivered in September and then in December 2022 with the opening of the new international zone (registration, border controls and security checkpoints). The end of the work is scheduled for 2023. In Goa, the new Manohar International Airport, built in Mopa (north of the state of Goa), was inaugurated on 11 December 2022 and began its domestic operations on 5 January 2023. With an initial capacity of 4.4 million passengers, it should start its international operations in the summer of 2023.

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