Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

They will enable Groupe ADP to selectively seize potential international development opportunities while pursuing its debt reduction path, targeting a net debt ratio of 3.5 to 4.5 times EBITDA by 2025. Renewal of Ankara Airport concession TAV Airports, member of Groupe ADP, has won the tender for the renewal of Ankara Airport concession. This success results from the auction held by the Turkish State Airports Authority (DHMI) on 20 December 2022, in which TAV Airports was the highest bidder. The object of the tender is the realization of investments to increase capacity of the airport in return for the right to operate the airport for 25 years, between 24 May 2025 and 23 May 2050. The total concession rent to DHMI is of €475 million (VAT excluded), of which 25% (€119 million) are to be paid within 90 days after the signing of the concession agreement. During the new concession period, the service charge will be €17 per outgoing international passenger, associated with a €3 security fee; besides, the service charge will be €3 per outgoing domestic passenger. The investment for the capacity increase of Ankara Airport, notably through the construction of a new runway and an expansion of the terminal, is planned at around €300 million, of which two thirds will be conducted between 2023 and 2026, and one third to be engaged at the latest in 2038. The accounts of the company will be fully consolidated into TAV Airports. The current operating rights of Ankara Airport, operated by TAV Esenboğa, a 100%-owned subsidiary of TAV Airports, remain unchanged until 23 May 2025. Ankara is the capital city of Turkey, hosting the Turkish government and foreign embassies. Turkey’s second largest city with a population of over 5.5 million, Ankara is a major highway and rail hub. Ankara Esenboğa Airport stands as central Turkey’s gateway to the world, handling 13.7 million passengers in 2019, including 2.3 million international passengers. This event has no impact on financial statements for the year 2022. This concession will give place to the recognition of an intangible asset corresponding to the right of use, unlike the current concession which is recognized as a financial receivable in accordance with IFRIC 12. Impl ementation of first Euro Medium Term Notes program (EMTN) Aéroports de Paris announced on 19 December 2022 the implementation of its first Euro Medium Term Notes program (EMTN). The Base Prospectus of the Program received the visa n°22-492 of the Autorité des marchés financiers (AMF) 16 December 2022. The program provides a legal framework intended to govern in advance the bond financing transactions to be carried out by Aéroports de Paris. Aéroports de Paris is currently noted A (negative perspective) by S&P Global Ratings. The program’s prospectus and the documents incorporated by reference are available on the websites of Groupe ADP (https://www.parisaeroport.fr/groupe/ finances) and the Autorité des marchés financiers (www.amf France.org).

rising energy prices and inflation in general has so far been limited by the fact that a large proportion of the Group’s electricity and gas consumption is purchased in advance, and that the majority of contracts with suppliers include indexation clauses that are not correlated with inflation or provide for fixed prices. The continuation of these price increases or their stagnation in the medium term could have a negative impact on the Group’s operating expenses and investments (cost of materials). Central banks have made the fight against inflation a priority and have raised key interest rates. In addition, credit spreads have widened as concerns about economic growth have increased. In the absence of major refinancing deadlines, the Group has not been impacted by these movements, although it could be exposed to an increase in its financial charges in the medium term. Finalization of the process of unwinding the cross-shareholdings with Royal Schiphol Group As part of the orderly disposal process of the 8% cross shareholdings held by Aéroports de Paris and Royal Schiphol Group respectively, the shares held by Royal Schiphol Group were sold in several steps: ◆ on 10 November 2022, Crédit Agricole Assurances, via its subsidiary Predica, has acquired an additional 2.5% share of the capital of Groupe ADP from Royal Schiphol Group. Upon settlement, the transaction brings Crédit Agricole Assurances’s total stake in the Groupe ADP to 7.73%. Besides, it is reminded that Crédit Agricole Assurances has a seat on the Board of Directors of Groupe ADP; ◆ on 16 November 2022, Canada Pension Plan Investment Board has acquired an additional share of c. 1.59% of the capital of Groupe ADP from Royal Schiphol Group. Upon settlement, the transaction brings Canada Pension Plan Investment Board’s total stake in Groupe ADP to c. 5.64%; ◆ on 6 December 2022, Royal Schiphol Group announced the sale of its remaining stake in Aéroports de Paris (“Groupe ADP”). This sale represented approximately 3.91% of Groupe ADP’s capital, i.e. 3,869,859 shares. It was carried out by way of an accelerated book-building (ABB) at a price of €133 per share. On this occasion, Groupe ADP bought back 296,882 shares, i.e. approximately 0.3% of the share capital, at a unit price of €133. This share buyback, amounting to c. €39.5 million, is financed with Groupe ADP’s available cash. It was carried out within the framework of the share buyback program authorized by the 6 th resolution voted by the General Shareholders’ Meeting of 17 May 2022. It is intended to cover any allocation of Groupe ADP performance shares and/or allocation of shares in the context of an employee shareholding operation. Following the ABB, Royal Schiphol Group no longer holds any shares in Groupe ADP. In accordance with an Exit Agreement concluded between the parties on 1 December 2008, Royal Schiphol Group has repurchased shares held by Groupe ADP in Royal Schiphol Group, which has marked the end of the process of unwinding the cross-shareholdings with Royal Schiphol Group. The selling price of this transaction benefitting to Groupe ADP amount to €420 million. The sale resulted in a capital gain of €46 million in the financial result.

6

355

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