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

development plan for Greater Paris and a new multi-storey car park, ◆ the purchase of standard 3 hold baggage screening equipment related to European regulation, ◆ the East baggage handling system compliance in Orly 4; ◆ for Paris-Le Bourget Airport and general aviation aerodromes, investments mainly concerned the creation of a new SSLIA barracks; ◆ In 2022, Aéroports de Paris SAmade investments in its support functions and projects common to the platforms, including IT.

◆ for Paris-Orly Airport: ◆ the preparatory work before the construction of the future Grand Paris station, ◆ the creation of a new cold storage facility, ◆ the renovation of the aeronautical infrastructure of W1 and W43 and their compliance with regulations, ◆ the work to bring the P2 car park into compliance (formerly P0, now P3) as well as the redevelopment of the landside of Orly sectors 1, 2 and 3 in connection with the commissioning of the new metro station created on the platform in the

Cash flow from financing activities

2022

2021

(in millions of euros)

Proceeds from long-term debt Repayment of long-term debt

461

294

(770)

(578)

Repayments of lease liabilities and related financial charges

(20)

(17)

Capital grants received in the period

12 19

1

Revenue from issue of shares or other equity instruments

(1)

Net purchase/disposal of treasury shares

(34)

1

Dividends paid to non controlling interests in the subsidiaries

(11)

(4)

Change in other financial liabilities

(24)

(56)

Interest paid

(258)

(285)

Interest received

20

39

Impact of discontinued activities Cash flows from financing activities

-

(176) (782)

(605)

Net financial debt Net financial debt as defined by Groupe ADP corresponds to the amounts appearing on the liabilities of the balance sheet under the items non-current loans and debts, and current loans

and debts, debt related to the minority put option, reduced by derivative financial instruments in an asset position, cash and cash equivalents and restricted bank balances.

This net financial debt appears as follows at the closing date:

As at 31 Dec. 2022

As at 31 Dec. 2021

(in millions of euros)

Debt

9,996

10,313

254

177

Debt related to the non-controlling interests put option/acquisition of securities 1

Gross borrowings Derivatives - assets

10,250

10,490

54

-

2,631

2,379

Cash and cash equivalents 2 Restricted bank balances 3

125

100

Net borrowings

7,440 4.4x 153%

8,011 10.7x 192%

Net borrowings / EBITDA

Net borrowings / Equity (gearing)

1 Mainly Almaty, GMR and investments in investment funds. 2 Including €84 million of cash dedicated to aid to local residents funding collected through the tax on airborne noise nuisances (TNSA). 3 Restricted bank balances relate to TAV Airports. Certain subsidiaries, namely TAV Esenboğa, TAV Tunisia, TAV Macedonia, TAV Milas Bodrum, TAV Ege and TAV Holding (“the Borrowers”) opened Project Accounts designated mainly in order to reserve required amount to reimburse project debt or elements defined in the agreements with their lenders (lease payments to DHMI, operational charges, tax).

332

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