Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON 6 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

13.2 Cash flows 13.2.1 Cash flows from operating activities

2022

2021 (20) 650 (36) 594 (88)

(in millions of euros)

Operating income

988 591 (53)

Income and expense with no impact on net cash Net financial expense other than cost of debt

Operating cash flow before change in working capital and tax

1,526

Change in working capital

55

Tax expenses

(31)

56

Impact of discontinued activities Cash flows from operating activities

3

195 757

1,553

As a reminder, in 2021, cash flows from discontinued operations corresponded of DHMI compensation payment to TAV Istanbul.

INCOME AND EXPENSE WITH NO IMPACT ON NET CASH

2022

2021

(in millions of euros)

Depreciation, amortisation and impairment losses (excluding current assets)

620 (14)

676

Profit/loss of associates

61

Net gains (or losses) on disposals

1

-

Other

(16) 591

(87) 650

Income and expense with no impact on net cash

CHANGE IN WORKING CAPITAL

2022

2021

(in millions of euros)

Inventories 1

(41) (83)

-

Trade and other receivables Trade and other payables Change in working capital

(245)

179

157

55

(88)

1 Variation mainly linked to fuel inventories at Almaty and inventory count at Extime Duty Free Paris.

13.2.2 Cash flows from investing activities

2022 (695)

2021

(in millions of euros)

Purchase of tangible assets, intangible assets and investment property

(527)

Change in debt and advances on asset acquisitions

3

(56)

Acquisitions of subsidiaries and investments (net of cash acquired) Proceeds from sale of subsidiaries (net of cash sold) and investments

(414)

(315)

18

2

Change in other financial assets

(64)

(210)

Proceeds from sale of property, plant and equipment Proceeds from sale of non-consolidated investments

6

11

420

-

Dividends received

25

40

Cash flows from investing activities

(701)

(1,055)

416

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