Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

At the end of the period, other non-current liabilities were as follows:

As at 31 Dec. 2022

As at 31 Dec. 2021

(in millions of euros)

Concession rent payable > 1 year

657

713

Investment grants

57

55

Debt related to the minority put option and outstanding payments on shares

187

120

Deferred income

58

64

Other

1

1

TOTAL

960

953

(Kazakhstan), Embassair (USA) and equity investments in investment funds (Cathay, Clean H2...). Deferred income over a year mainly concerning Paris SA Airport and consists in: ◆ the rent to Air France of terminal T2G, i.e. , €11 million as of 31 December 2022 (€13 million as of 31 December 2021); ◆ leasing construction of SCI Aéroville, i.e. , €27 million as of 31 December 2022 (€27 million as of 31 December 2021).

Concession rent payable mainly relates to TAV Airports for TAV Milas Bodrum and TAV Ege which concession rent are fixed as defined in the concession agreements and have been recognized as counterparty for the airport operating right (see note 6.1.1). As at 31 December 2022, non-current concession rent payable amounts to €307 million for Milas Bodrum and €283 million for Ege (vs. €319 million and €297 million respectively as at 31 December 2021). The debt related to the minority put option and outstanding payments on shares concern mainly Almaty Airport Investment

6

NOTE 9 FINANCING

9.1 Management of financial risk 9.1.1 Introduction

It is the task of the risk and Audit Committee to define and supervise the scope of the Group’s risk management. The objective of the Group’s risk management policy is to identify and analyse the risks that the Group must face, define the limits within which the risks should fall and the controls to be implemented, manage the risks and ensure compliance with the limits defined. The risk management policy and systems are regularly reviewed in order to take account of changes in market conditions and the Group’s activities. Through its training and management rules and procedures, the Group aims to develop a rigorous and constructive control environment, within which all personnel have a good understanding of their roles and obligations. The Group’s Audit Committee has responsibility for carrying out an examination, together with senior management, of the main risks faced by the Group, and examining the risk control policy in all areas. In addition, the Internal Audit Department carries out reviews of the risk management controls and procedures, the results of which are communicated to the Audit Committee.

In addition to derivative instruments, the Group’s main financial liabilities consist of bank loans and overdrafts, bonds, rental financing debts, supplier debts and rental contracts. The main objective of these financial liabilities is to finance the Group’s operating activities. The Group has other financial assets such as customer debts, cash and short-term deposits that are generated directly by its activities. The Group also holds derivative instruments, mainly interest rate swaps. The objective of these instruments is the management of interest rate risks linked to the financing of the Group. The main risks linked to the Group’s financial instruments are: ◆ credit risk;

◆ liquidity risk; ◆ market risk.

This note presents information on the exposure of the Group to each of the above risks, its objectives, its risk measurement and management policy and procedures, and its capital management. Quantitative information appears elsewhere within the consolidated financial statements.

395

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