Universal Registration Document 2022

PRESENTAT I ON OF THE GROUP

GROUP ACTIVITIES

The area available for real estate in 2022 broke down as follows:

1

Aeronautical

Diversification

Total 1,240

(in hectares)

AREAS DEDICATED TO REAL ESTATE

439

800 284 258 258

49

333 492

Land reserves 1

Land used for ADP buildings Land leased to third parties

234

157

415

1 Areas of buildable land reserves (net of biodiversity and ongoing projects).

The value of land reserves available for building (333 hectares) was over €307 million at 31 December 2022. These land reserves are the subject of development master plans by neighbourhood that make the development potential more reliable on the basis of realistic development guidelines, reflecting knowledge of the local real estate market, the urban planning regulations of the municipalities or community urban area, a realistic assessment of the building potential per platform according to the evolution of the mass plans and the strategic orientations of each airport and the knowledge of the development costs, thus making it possible to ensure the economic viability of the projects. Therefore, based on the Group’s estimates, together, the land reserves totalled buildable potential of approximately 1,465 million m 2 at the end of 2022: ◆ by 2024, development projects could concern around 68,500 m 2 of surface area available for building; ◆ approximately 95% of the construction potential at end-2022 will still be available in 2023. These estimates for real estate development by 2024 do not in any way constitute targets. They clarify the Group’s very short term vision, in line with the projects already initiated. Some are redirected to future projects according to both the strategy of each airport and changes in the local real estate markets.

The planned development projects include projects compatible with the urban planning rules in force in the municipalities where the Group is located (SDRIF, CDT, SCOT, PLU, etc. 1 ) and must be part of the airport master plan. Buildable land reserves total 333 hectares and are immediately available (10%), available in the medium-term (77%), or consist of land subject to a number of constraints that limit their immediate use (13%). 1 Master plan for the Île-de-France region, Territorial development contracts, Territorial coherence plan, Local urban development plan, etc. Buildable land reserves decreased by seven hectares at the end of 2022 and stood at 333 hectares compared to 340 hectares in 2021 mainly due to the delivery of the Courtyard Residence Inn by Mariott hotel project in the Roissypôle Est district and the exit from the scope of plots now leased to third parties on the Paris-Orly platform. Land leased to third parties was located at Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget airports as well as at civil airfields. More than 70% of the land leased to third parties are located at Paris-Charles de Gaulle Airport, 19% at Paris-Orly Airport, and 9% at Paris-Le Bourget Airport and general aviation airfields. At 31 December 2022, the assets dedicated to real estate activities were valued at €3,777 million, of which €3,245 million in investment buildings as detailed in Chapter 18, in Note 6.3.2 of the Group’s consolidated financial statements. The assets include over €532 million in buildings occupied by Groupe ADP for its own use, the assets held by its equity-consolidated subsidiaries and assets restated according to IFRS standards under finance leases.

The likely locations of the projects to be implemented by 2024 and beyond are as follows:

Paris Charles de Gaulle

Paris-Le Bourget and AAG

Paris-Orly

Total

%

Land reserves reminder (ha) Building potential (‘000 m 2 ) 1

156

131

46 118

333

803

544

1,465

Projects identified up to the end of 2024 (‘000 m 2 ) 1 Of which, projects signed/under construction at the end of 2023 1

0

57

11

68

5%

0

12

0

12

Building potential remaining (‘000 m 2 ) 1

803

487

107

1,397

95%

1 Built-up area.

81

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