Universal Registration Document 2022

BUS I NESS OVERV I EW FOR THE YEAR 2022 AND FORWARD - LOOK I NG I NFORMAT I ON 5 INVESTMENTS

5.4.2 ONGOING INVESTMENTS

Groupe ADP has no significant ongoing investments or for which firm commitments have already been made.

5.4.3 AÉROPORTS DE PARIS’ PROJECTED INVESTMENT PROGRAM IN 2022-2025, EXCLUDING FINANCIAL INVESTMENTS

This programdoes not take into account the potential investments relating to CDG Express either, which will be undertaken by the CDG Express infrastructure project management company, of which Aéroports de Paris owns one-third of the capital. The total projected envelope of CDG Express is €2.2 billion, which will be covered in an amount of approximately €400 million in shareholders’ equity by shareholders of the project company, shared equally between Groupe ADP, SNCF Réseau and the CDC, and in the maximum amount of €1.8 billion by a loan from the French State. The State loan will be reimbursed using revenues from the infrastructure manager. As part of the 2025 Pioneers roadmap 1 , the Group will, over the period 2023-2025 and beyond, favour a more sober investment policy, through three axes: ◆ optimising the use of existing airport capacity, notably by digitising the passenger experience and adapting platforms to changes in traffic and fleets; ◆ accompanying traffic growth at an appropriate pace and with a more sober development of capacity, by favouring more compact infrastructures as well as their modularity and flexibility; ◆ reduce the need for costly road infrastructure, in particular by improving public transport access to the hubs.

For the period 2023-2025, the Group’s tangible and intangible investments in constant euros will average nearly €1.3 billion per year, broken down as follows: ◆ ADP SA investments (regulated and non-regulated): around €900 million per year on average over the period 2023-2025. More than 50% of this investment program will be devoted to the maintenance of assets, regulatory compliance and safety and security. Environmental investments are also spread throughout the entire plan; ◆ investments by subsidiaries in Paris: a budget that includes €185 million of which an average of about €140 million per year for the development of real estate projects in Paris over the period 2023-2025 (ADP SA subsidiaries); ◆ investments by international subsidiaries: an average of €170 million per year for the international subsidiaries TAV Airports and AIG over the period 2023-2025. Investments related to the renewal of the Ankara airport concession (see 5.1 Significant events of the period) are included in this budget. The Group’s investment program above is expressed in current euros and includes the expected effects of inflation over the 2023-2025 period. (See also 5.5 outlook). The 2023-2025 program does not take into account potential investments related to equity investments in France or abroad.

5.4.4 INVESTMENTS IN JOINT VENTURES OR IN SIGNIFICANT HOLDINGS

The Group has not made any significant investments in joint ventures or significant shareholdings.

5.4.5 ENVIRONMENTAL IMPACT OF INVESTMENTS MADE AND IN PROGRESS

motors and charging stations for airside and landside electric vehicles; ◆ the development of locally produced renewable energies to reduce the carbon content of the energy distributed at the hubs: installation of a heat pump, photovoltaic panels and a new cooling plant at the Paris-Orly hub, and a new geothermal power plant at the Paris-Charles de Gaulle hub planned for the first doublet by 2026;

Investments specifically dedicated to the environment are intended: ◆ reducing greenhouse gas emissions and atmospheric pollutants on the platforms: strengthening the rail/air connection and soft traffic (which also helps reduce congestion), reinforcing the electrical network and deploying compatible hot/cold outlets to provide alternative means of powering aircraft auxiliary

1 As announced at Investor Day of 17 February 2022 (see Section 5.1 “Significant events” of this Document).

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