Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

Changes in loans and financial debt as at 31 December 2022 are as follows:

Changes from financing cash flows

Changes from non financing cash flows

Changes in consolida tion scope

Change in fair value

As at 31 Dec. 2022

As at 31 Dec. 2021

Other changes

Exchange differences

Increase / subscription 1

Repay

ment 1 (400)

(in millions of euros)

Bonds

8,206 1,656

-

(400)

- -

-

12

-

- -

7,818 1,761

Bank loans

455 (363)

92

12

-

1

Other loans and assimilated debt

166

6

(7)

(1)

-

7

-

-

1

173

TOTAL LONG TERM DEBT

10,028

461

(770)

(309)

- -

19

12

1

1

9,752

Lease obligations Debt (excluding derivatives) Accrued interest

100

-

(20)

(20)

-

-

2

8

90

10,128

461

(790)

(329)

- 1

19

12

3

9 3

9,842

-

2

-

-

153

147

-

-

Derivative financial instruments (liabilities)

-

- 1

1

(37)

-

(1)

1

38

-

-

TOTAL DEBT 9,996 1 The increases/subscriptions and repayments of debt excluding derivatives and excluding accrued interests are disclosed in the consolidated cash flow statement respectively under the lines “Proceeds from long-term debt” and “Repayment of long-term debt”. 10,313 461 (790) (329) 22 (25) 3 11

The Groupe ADP’s gross debt decreased by €240 million over 2022. This decrease is mainly due to: ◆ the repayment of the €400 million bond that matured in February 2022 and the contracting of a new bank loan for €302 million at TAV Kazakhstan offset by the contracting of €106 million and repayment of other loans in the TAV sub-group for approximately €135 million; ◆ -€375 million on the Antalya airport concession.

6

9.4.2 Net financial debt

Net financial debt as defined by Groupe ADP corresponds to the amounts appearing on the liabilities of the balance sheet under the items non-current loans and debts, and current loans and debts, debt related to the minority put option, reduced by derivative financial instruments in an asset position, cash and cash equivalents and restricted bank balances.

This net financial debt appears as follows at the closing date:

As at 31 Dec. 2022

As at 31 Dec. 2021

Non-current portion

Current portion

Non-current portion

Current portion

(in millions of euros)

Debt

9,996

8,763

1,233

10,313

9,144

1,169

Debt related to the minority put option / acquisition of securities 1

254

187

67

177

120

57

Gross financial debt

10,250

8,950

1,300

10,490

9,264

1,226

Derivative financial instruments (assets)

54

54

-

-

- - -

-

2,631

- -

2,631

2,379

2,379

Cash and cash equivalents 2 Restricted bank balances 3

125

125

100

100

Net financial debt

7,440 153%

8,896

(1,456)

8,011 192%

9,264

(1,253)

GEARING

1 Mainly Almaty, GMR, and shares in funds. 2 Including €84 million of cash dedicated to aid to local residents funding collected through the tax on airborne noise nuisances (TNSA). 3 Restricted bank balances relate to TAV Airports. Certain subsidiaries, namely TAV Esenboğa, TAV Tunisia, TAV Macedonia, TAV Milas Bodrum, TAV Ege and TAV Holding (“the Borrowers”) opened Project Accounts designated mainly in order to reserve required amount to reimburse project debt or elements defined in the agreements with their lenders (lease payments to DHMI, operational charges, tax…).

399

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