Universal Registration Document 2022

PRESENTAT I ON OF THE GROUP

MAIN PLATFORMS

1.2.2.3 Almaty

1

General description TAV Airports resumed operations in Almaty, the economic capital and the busiest airport of Kazakhstan in April 2021. TAV now owns 85% of Almaty Airport and associated fuel and catering companies. The Kazakhstan Infrastructure Fund, managed by VPE Capital and supported by Kazyna Capital Management, holds the remaining 15%. Almaty is the first airport in TAV’s portfolio where the Company owns the airport instead of a concession limited in time. As the main gateway for aviation in Kazakhstan and the base of the national airline Air Astana, Almaty Airport is an important crossroads on the modern “Silk Road”. Almaty, which is the commercial capital of Kazakhstan, is located in the south-east of the country and is a major commercial centre of the Belt and Road Initiative, known as the modern “Silk Road”, which connects central China toWestern Asia, Europe and Africa. It is also the financial and cultural centre of Kazakhstan, as well as its most populous and most cosmopolitan city, with a population of more than two million. Kazakhstan is the leader in Central Asia in terms of economic growth and generates around 60% of the region’s GDP. The purchase price of USD 415 million agreed on 7 May was revised downwards on 29 April 2020 to take into account the decrease in traffic due to the pandemic. The consortium, in which TAV is an 85% shareholder, will pay an additional USD 50 million in the coming years.

Growth in passenger traffic at Almaty Airport (in millions of passengers)

10

7.4

6.4

6.1

5.7 5.6

4.9 4.8

4.6

5

4.3

4.0

3.6

0

2017

2012

2021

2013

2015

2018

2016

2019

2014

2022

2020

International

Domestic

The airport welcomed more than 6.4 million passengers in 2019. In 2022, despite the unrest in the country at the beginning of the year, Almaty Airport managed to exceed the 2019 traffic level by 13% and welcomed more than 7.2 million passengers thanks to its solid domestic market.

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