Universal Registration Document 2022

PRESENTAT I ON OF THE GROUP

MAIN PLATFORMS

By 2026, the Paris-Charles de Gaulle platform will also host a rail link between Paris-CDG Airport and the Hauts-de-France region, a “Roissy-Picardie” project within the intermodal station of Terminal 2. This line, for which the financing agreement was signed on 3 May 2017, aims to provide a high-speed train link with Amiens and to improve accessibility by rail to the southern part of the Hauts-de-France region and the northeast of the Val d’Oise from the airport via TER trains. As part of the “2025 Pioneers” strategic roadmap 1 , the Group will carry out a new development project for the Paris-Charles de Gaulle platform where intermodality is one of the pillars of decarbonization. Intermodality means the sustainable construction of alternatives to the private vehicle and the improvement of “Air-Rail” connections for employees, everyday travellers and connecting air passengers. For airport access, in addition to reducing the environmental footprint of the Paris Charles de Gaulle platform, a proactive and partnership policy in favour of the development of intermodality will significantly improve the quality of service by reducing road access congestion. This system must also be based on the gradual deployment of cycle paths in connection with neighbouring regions but also the development and acceleration of teleworking and carpooling to drastically reduce the share of individual vehicles. For connecting passengers, in addition to the traditional plane-plane connection, the inter-modal train-plane connection could play an increasing role in the development of the platform, in a context of a downward trend in domestic flights. Thus, by 2025, the Group aims to increase the number of connecting train-plane passengers at Paris-Charles de Gaulle by 50% to make it the European leader in rail/air intermodality. CDG Express In January 2014, Frédéric Cuvillier, the French Minister responsible for Transportation, Oceans and Fisheries, announced during his visit to Paris-Charles de Gaulle Airport with Augustin de Romanet, Chairman and CEO of Aéroports de Paris, the relaunch of the CDG Express project, which will link the airport to the Gare de l’Est in 20 minutes, via the creation of a consultancy bringing together the government, SNCF Réseau and Aéroports de Paris. This design company, called CDG Express Études, was created on 28 May 2014 and carried out or had carried out all the studies necessary for the creation of the direct rail link between Paris and Paris-Charles de Gaulle Airport. The Government has taken structuring decisions based on the studies completed. Thus, in accordance with Law No. 2016-1887 of 28 December 2016 on the rail link between Paris (Gare de l’Est) and the transfer module at terminal 2 of Paris-Charles de Gaulle Airport, in February 2019, the government entered into a works concession contract with Gestionnaire d’Infrastructure CDG Express, a subsidiary equally owned by SNCF Réseau, Aéroports de Paris and Caisse des Dépôts. Under the terms of this contract, the French State granted a concession to Gestionnaire d’Infrastructure CDG Express for the design, financing, development or construction, operation and maintenance, including servicing and renovation, of rail infrastructure intended for the operation of public transport service between Paris and Paris-Charles de Gaulle Airport. In parallel, in July 2019, the French State signed a public service

contract with Hello Paris, a subsidiary equally owned by Kéolis and RATP Dev, to operate the future link. The CDG Express project was initially scheduled to be commissioned end-2023. However, the Government decided in May 2019 to defer its commissioning to end-2025 in order to limit the impact of the works on existing traffic. All of the project’s contractual documentation was amended to record this delay. The CDG Express project represents an investment of €2.2 billion, which is financed by a loan from the French State for a maximum of €1.8 billion approved in the French Finance law for 2020 and by equity contributions of around €400 million equally divided among the three shareholders. To repay the loan, the Infrastructure Manager will benefit from fees paid by the rail operator. In accordance with the amended Finance law for 2016, it will also benefit from the special “CDG Express” contribution of a maximum of €1.4 per air passenger, excluding connecting passengers, paid by the airlines that use Paris-Charles de Gaulle Airport from the time the link is commissioned. At the end of 2022, nearly €1.5 billion had been committed for the completion of works on the entire route, from Paris-Gare de l’Est to the airport. Structural projects were carried out in 2022, such as the construction of dedicated platforms at the Gare de l’Est to accommodate the link, the replacement of existing bridges at the Porte de la Chapelle and the continuation of work at the CDG 2 station. However, on 9 November 2020, the Administrative Court of Montreuil decided to partially cancel the environmental authorisation for the CDG Express project. In April 2022, the Paris Administrative Court of Appeal, after granting a stay of execution of the court’s decision in early 2021 allowing the resumption of all construction sites, confirmed the validity of the environmental authorisation. Nevertheless, the shutdown for a fewmonths of the CDG Express construction sites, which are directly related to all the works on the rail axis of the north of the Paris region, led to the postponement of all these works. Also, in order to limit the nuisance for everyday passengers, the Government decided on 4 November 2021 to postpone the commissioning of the project again, setting its commissioning at the beginning of 2027. It is planned to draw up an amendment to the works concession contract to include this deferment. Investment programs The main investments at Paris-Charles de Gaulle Airport in 2022 are described in Chapter 5 1 . The 2023-2025 projected investment program for the regulated scope includes: ◆ the rehabilitation of runway 1 and the associated aircraft taxiways. These investments aim to deal with the ageing of the infrastructure and to maintain the safety and compliance of the runway; ◆ the continuation of the rainwater project with, on the one hand, the extension of the rainwater discharge pipe to the Marne and, on the other hand, the resumption of the Seine watershed project, which aims to meet the storage and treatment needs to the west of the platform;

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1 As announced at Investor Day on 17 February 2022 (see Section 5.1 “Significant events” of this document).

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