Universal Registration Document 2022

BUS I NESS OVERV I EW FOR THE YEAR 2022 AND FORWARD - LOOK I NG I NFORMAT I ON 5 GROUPE ADP ’S 2022 FULL-YEAR RESULTS PRESENTATION

Net result attributable to the Group

2022 1,704 (782)

2021 1

2022/2021

(in millions of euros)

EBITDA

751

+€953M

Amortisation and impairment of tangible and intangible assets

(719) (61) (29)

-€63M +€75M

Share of profit or loss in associates and joint ventures

14

Operating income from ordinary activities Other operating income and expenses

936

+€965M +€43M +€1,008M +€1,002M -€164M +€839M -€6M

52

9

Operating income Financial income Income before tax Income tax expense

988

(20) (218) (238)

(224)

764

(172)

(8)

Net income from continuing operations Net income from discontinued operations

592

(247)

(1)

(1)

+€0M

Net income

591

(248)

+€839M

Net income attributable to non-controlling interests

(75)

0

-€75M

Net income attributable to the Group +€764M 1 The accounts of the Almaty airport management company have been included in the consolidated accounts of TAV Airports from May 2021 (See section 5.1.6 of the 2021 Universal Registration Document regarding the acquisition of the Almaty airport management company). 516 (248)

The income tax expense stood at €172 million in 2022, compared to a tax expense of €8 million in 2021, due to the return to a positive income before tax. Net income stood at €591 million in 2022, up +€839 million compared to 2021. Given all these items, net income attributable to the group is up €764 million compared to 2021, at €516 million. Cash and investments As 31 December 2022, the Groupe ADP had cash position of €2.6 billion. In 2022, cash is up €253 million due to the increase in operating cash-flows, linked to the recovery of activities, standing at €1,553 million and the disposal of the stake in Royal Schiphol Group for €420 million and despite the bond repayment in February 2022 for €400 million and the capital injection by TAV Airports into the new Antalya concession, in which it is a shareholder alongside Fraport. In view of this available cash and its forecasts for 2023, the group has liquidity that it considers satisfactory in the current sanitary and economic context and to meet its operating needs and financial commitments. Tangible and intangible investments stood at €695 million in 2022, compared to €527 million in 2021.

Operating income from ordinary activities stood at -€936 million, up +€965 million, driven by the EBITDA increase for +€953 million, as well as by the improvement of the results from equity-accounted companies for +€75 million, at €14 million, notably due to: ◆ the performance of TAV Airports’ equity-accounted companies, in particular ATU and TGS, services companies respectively specialized in Duty Free and Ground Handling; ◆ the reclassification of Royal Schiphol Group, whose results are not accounted for since 30 June 2021; ◆ the reclassification of Tibah Development, the company operating the Medina airport, whose results (losses) are not accounted for, only depreciation of the shareholder loan to this company are recorded in the financial result, in accordance with IAS 28. Operating income stood at €988 million, up +€1,008 million compared to 2021, due to the increase in operating income from ordinary activities and the reversal of a provision for €56 million, recorded in 2020. Financial result stood at -€224 million, down -€6 million, mainly due to mainly due to the unfavorable base effect linked to the restructuration of TAV Tunisia’s debt, for a net gain of €109 million in 2021, partially offset by the gain, for €46 million, from the disposal of Royal Schiphol Group stake and the decrease in the cost of gross debt for €41 million.

326

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