Universal Registration Document 2022

BUS I NESS OVERV I EW FOR THE YEAR 2022 AND FORWARD - LOOK I NG I NFORMAT I ON

GROUPE ADP ’S 2022 FULL-YEAR RESULTS PRESENTATION

5.2.2 GROUPE ADP ’S CASH FLOW

2022 1,553 (701) (605)

2021

(in millions of euros)

Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Impact of currency fluctuations Change in cash and cash equivalents

757

(1,055)

(782)

5

-

252

(1,080)

Net cash and cash equivalents at beginning of the period Net cash and cash equivalents at end of the period

2,378 2,630

3,458 2,378

Cash flow from operating activities

2022

2021 (20) 650 (36) 594 (88)

(in millions of euros)

Operating income

988 591 (53)

5

Income and expense with no impact on net cash Net financial expense other than cost of debt

Operating cash flow before change in working capital and tax

1,526

Change in working capital

55

Tax expenses

(31)

56

Impact of discontinued activities Cash flows from operating activities

3

195 757

1,553

Cash flow from investing activities

2022 (695)

2021

(in millions of euros)

Purchase of tangible assets, intangible assets and investment property

(527)

Change in debt and advances on asset acquisitions

3

(56)

Acquisitions of subsidiaries and investments (net of cash acquired) Proceeds from sale of subsidiaries (net of cash sold) and investments

(414)

(315)

18

2

Change in other financial assets

(64)

(210)

Proceeds from sale of property, plant and equipment Proceeds from sale of non-consolidated investments

6

11

420

-

Dividends received

25

40

Cash flows from investing activities

(701)

(1,055)

The main investments in 2022 are as follows: ◆ for Paris-Charles de Gaulle Airport: ◆ the junction of satellites 1, 2 and 3 of terminal 1, ◆ the junction between satellites 1 and 7 and the redevelopment of satellite 5 of terminal 1, ◆ the purchase of standard 3 hold baggage screening equipment related to European regulation, ◆ the creation of a new baggage sorting system for short connections (North Connection Sorter), ◆ the increase of the secondary resources of terminal 1, ◆ the future VIP terminal (hospitality lounges),

◆ the development of the Roissy East bypass via the Francilienne, ◆ the rehabilitation of part of the taxiways associated with runway 1, ◆ the preparatory works for the construction of the CDG Express, ◆ the construction of a connecting flight baggage sorter under the Hall M of terminal 2E (TBS4), ◆ the rehabilitation of the roof of the central body of terminal 2E, ◆ the replacement of the fire safety system in terminals 2E, 2F and PEF;

331

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