Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

As of 31 December 2022, the instruments qualifying as cash flow hedges had the following characteristics:

Hedged item

Hedging instrument

Effective part of the derivative recorded in OCI

Nominal value EUR

Nominal value EUR

Fair value as at 31/12/2022

Hedging ratio 1

Type

Type

TAV Airports

Variable rate bank loans

Interest rate swap CFH

657

538

82%

47

79

AIG

Variable rate bank loans

Interest rate swap CFH

119

120

101%

(1)

12

1 Ratio of nominal value of hedging instruments to nominal value of hedged items.

There was no ineffectiveness at 31 December 2022 in relation to the interest rate swaps. EXCHANGE RISK

In order to reduce exposure to exchange fluctuations, the Group has a hedging policy consisting of: ◆ implementing derivative instruments; ◆ neutralising exchange rate risk as far as possible by reducing the balance of revenue and expense in these currencies; ◆ if necessary making partial forward sales of dollars for residual balances.

International participations expose the Group to exchange risk. The main risk of change relates to the variations of the euro currency compared to the Turkish lira, American dollar and Indian rupee. The currencies in which transactions are mainly denominated are euro, Turkish lira (TRY), American dollar (USD) and Indian rupee (INR), as well as few currencies from the Persian Gulf liked to American dollar with a fixed parity, e.g. Sudanese rial, United Arab Emirates dirham and the Oman rial.

6

The breakdown of financial assets and liabilities by currency is as follows:

As at 31 Dec. 2022

Other currencies

Euro

TRY USD AED INR JOD

(in millions of euros)

Other non-current financial assets

668

279

16

359

8

- - -

- -

6 2

Contract assets Trade receivables Other receivables1

4

1

-

-

1

938

802

11

37 27 32

2 6

41

45 68

171

61

5

1

3

Other current financial assets Cash and cash equivalents TOTAL FINANCIAL ASSETS

237

132

49

-

-

19

5

2,631

2,338

3

100 555

8

4 5

146

32

4,649 3,613 8,763 8,324

84

25

209

158

Non-current debt Contract liabilities

11

411

- -

1

- -

16

2

1

-

-

- -

1

Trade payables and other payables

909 1,761 1,233

598

11

14

5

238

43 52

1,524

10

126

16

3

30

Other debts and other non-current liabilities 1

Current debt

967

6

258 809

-

-

-

2

TOTAL FINANCIAL LIABILITIES 114 1 Other receivables and other debts exclude all accounts which do not constitute, within the terms of IAS 32, contractual rights and obligations, such as tax and social security debts or receivables. 12,668 11,414 38 21 4 268

Other currencies relate primarily to the Oman rial (OMR) and Sudanese rial (SAR).

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