Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

The removal from the scope of reserves of plots leased to third parties at Orly during 2022 explains a decrease of around €14 million. This decrease is offset by the updating of capacity studies and building rights for several plots and by the updating of plans for the three hubs, contributing to a decrease in reserves of around €5 million. The delivery of the Courtyard & Residence Inn by Mariott hotel project located in the heart of the Roissypôle Ouest district at the beginning of 2022 will have a negative impact on the value of reserves. This decrease is offset by the inclusion of the MIDI freight station project currently under construction. The surface area of building reserves for real estate purposes amounts to 333 hectares (excluding biodiversity and projects in progress), with a loss of 7 hectares, mainly at Orly, due to the removal from the scope of the parcels that are now leased. VALUATION ASSUMPTIONS AND SENSITIVITY ANALYSIS Given the limited availability of public data, the complexity of real estate asset valuations and the fact that real estate experts use for their valuations (i) the Group’s confidential rental statements, (ii) data that are not publicly observable, such as rental growth rate assumptions, or capitalization rates; the Group has considered the classification of its assets in level 3 as the most appropriate (see note 9.5.2 on the fair value hierarchy). A combined change of +25 to +75 basis points in the discount rate and the resale yield rate, applied to the entire investment property portfolio, would reduce the value of the portfolio excluding transfer taxes and costs (excluding land reserves) by €41 million (or -1.4%) to €236 million (or -8.0%). 6.3.3 Additional information The law of 20 April 2005 provides that in the event of the closing to public air traffic all or part of an aerodrome operated by Groupe ADP, Aéroports de Paris will pay the government a percentage of at least 70% of the difference existing between, on the one hand, the market value on this date of the buildings located within the confines of this aerodrome which are no longer assigned to the airport public service and, on the other hand, the value of these buildings on the date when they were allotted to him, plus the costs related to their refurbishment and the closure of airport facilities.

31 December 2021, an increase of more than 4.5%. On a like for-like basis (restated for new projects and new additions and disposals during the period), investment property rose by 3.4%. LEASED BUILDINGS AND LAND The coverage rate of external appraisals for the valuation of buildings and land leased to third parties covers 100% of their value excluding land reserves. The independent real estate appraisers use for their valuations (i) confidential data provided by the Group (such as rental statements) and (ii) appropriate assumptions, the main ones being discount or capitalization rates, market rental values and specific tenant benefits. The fair value of buildings owned by Aéroports de Paris and not used for its own purposes’ amounts to €1,465 million, up by more than €97 million compared to 2021. This increase is mainly due to the delivery of the Courtyard & Residence Inn by Marriott hotel in the Roissypole West district and to the value of the first front freight assets, which have increased following new leases and a strong positive indexation effect on assets leased with long firm terms. The value of buildings has been impacted downwards ( i.e. , -3.4%), mainly on office assets, which have seen rental values fall in recent transactions due to the still tight rental conditions. At the same time, the value of leased land amounted to €1,473 million at 31 December 2022, an increase of almost 5% with the increase in indexation on secured flows on long-term contracts in a context of scarcity of land. The value of the Paris-Le Bourget buildings rose by €11 million due to the consumption of non-recoverable works and accompanying measures on certain assets, coupled with the continued harmonization of market rental values by asset class. LAND RESERVES Land reserves decreased by €21 million to €307 million. The main components of this change are as follows: The inclusion of reserve developments postponed to a later date due to severe environmental constraints impacts the value of reserves downwards by €19 million (plot dedicated to a hydrogen station or plot in a wetland).

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