Résultats annuels 2024 - Groupe ADP (en anglais)

Retail & services – Impact of changes in accounting method and consolidation scope (1/2)

As a reminder, changes were made in 2024 to the accounting treatment of the Retail and Services segment: ◆ The new contract agreement with Lagardère Travel Retail, the joint venturer in Extime Travel Essentials Paris with a 50% interest, has led to a change in the revenue recognition method since 1 February 2024. As of this date, Groupe ADP consolidated financial statements include all Extime Travel Essentials Paris revenue and expenses, compared with revenue and expenses net of direct costs previously. ◆ The financial statements of Extime Food & Beverage Paris, which were fully consolidated until Select Service Partner acquired a 50% stake in the company in October 2023, have since been accounted for using the equity method. ◆ The financial statements of SDA Croatia, previously included in the International segment, are now included in Retail and Services. ◆ Revenue from hospitality activities, previously classified under "Other income", are now recognised under "Hospitality and other retail revenue", together with revenue from Extime PS Inc. and PEG, acquired in October 2024 (the contribution of these entities was not material in 2024).

To enable comparisons to be made between the 2024 and 2023 financial years, the next slide presents the following figures: ◆ A summary of the Retail and Services segment financial statements as published in 2024 and 2023. ◆ (1) The impact on Retail and Services segment revenue for 2023, assuming that the revenue recognition method used by Extime Travel Essentials Paris (formerly Relay@ADP) is the same as that applied since 1 February 2024. ◆ (2) The impact on Retail and Services segment revenue for 2023, assuming that the financial statements of Extime Food & Beverage Paris had been equity-accounted by Aéroports de Paris for the full year, i.e., using the same consolidation method as that in 2024. ◆ (3) The impact on Retail and Services segment revenue for 2023, assuming that the financial statements of SDA Croatia had been included in this segment in 2023, as is the case in the financial statements for the year ended 31 December 2024. ◆ (4) The impact on Retail and Services segment revenue for 2023, assuming that hospitality activities had been included in retail activities, as is the case in the financial statements for the year ended 31 December 2024. ◆ (5) Unaudited summary of the financial statements for the Retail and Services segment in 2023, taking into account the four accounting changes mentioned above.

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FY 2024 RESULTS - GROUPE ADP