Universal Registration Document 2022

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

INVESTMENTS

In the context of the Covid-19 pandemic and its consequences on the air transport sector, the assumptions made in the Groupe ADP proposal for the 2021-2025 Economic Regulation Contract (CRE 4) have been rendered obsolete, both in terms of the targeted financial balance and the proposed industrial development project. The Groupe ADP has therefore noted that the public consultation document for the CRE 4 has lapsed and has decided not to continue the procedure for drawing up the contract initiated on 2 April 2019. This contract determined in particular the investments to be made by Aéroports de Paris within the regulated perimeter during this period. A new plan will be drawn up once all the conditions of industrial and financial visibility have been met. In 2022, investments in property, plant and equipment and intangible assets amounted to €500 million for the parent company (€440 million in 2021), including €350 million for the regulated scope (€316 million in 2021), and €196 million for its subsidiaries (€87 million in 2021). For Paris-Charles de Gaulle Airport, investments were mainly in: ◆ the junction of satellites 1, 2 and 3 of terminal 1; ◆ the junction between satellites 1 and 7 as well as 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 ( Trieur Correspondances Nord ); ◆ the increase in 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 baggage sorter under Hall M of CDG 2 (TBS4); ◆ the replacement of the central structure roofing of terminal 2E; ◆ the replacement of the fire safety system of terminals 2E, 2F and PEF facilities. For Paris-Orly Airport, investments were mainly in: ◆ the works in preparation for the construction of the future Grand Paris station; ◆ the creation of a new cooling plant; ◆ the renovation of the aeronautical infrastructures of the W1 and W43 routes and their compliance; ◆ 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 newmetro station created on the platform in the 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 made investments in its support functions and projects common to the platforms, particularly IT. Investments by TAV Airports amounted to €135 million. The main investments were as follows: ◆ modernisation and extension works at Almaty airport in Kazakhstan; ◆ mandatory investments under concession contracts in North Macedonia; ◆ investments by TAV HAVAS in the renewal of ground handling equipment; ◆ investments by TAV Technologies in software research and development projects. Investments by AIG, the concessionaire for Queen Alia International Airport in Amman, amounted to €1 million. Investments mainly related to the extension of the baggage sorter, the treatment of obsolescence and IT. Investments by retail subsidiaries amounted to €13 million. The main investments were as follows: ◆ the establishment, development and commissioning of points of sale related to the reopening of Terminal 1 by Extime Duty Free and Relay@ADP; ◆ the extension work on a fashion point of sale in terminal 2F by Société de Distribution Aéroportuaire; ◆ the creation of spaces and media dedicated to brand communication that are part of the Extime universe of terminal 1 by Média ADP; ◆ the build-up of Extime Food & Beverage, which was accompanied by an extension of the scope and investments in commissioning, mainly at Orly. Investments by the real estate subsidiaries amounted to €23 million. The main investments were as follows: ◆ the delivery of the Courtyard & Residence Inn by Marriott in the Roissypôle Ouest district by SAS Hôtels Aéroportuaire; ◆ the Midi freight station in the cargo area of the Paris-Charles de Gaulle platform under construction, by SCI ADP Immobilier Industriel. Hub One’s investments totalled €23 million. The main investments were as follows: ◆ the PEGASE program (ERP/CRM overhaul of the Group); ◆ customer investments (terminals, networks, etc.) for leasing; ◆ other telecoms infrastructures; ◆ software development; ◆ LTE (Long Term Variation), a professional 4G/5G mobile network. Aéroports de Paris fully funds its investment program, primarily through operating cash flow, and medium- to long-term debt as needed.

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