Universal Registration Document 2022

PRESENTAT I ON OF THE GROUP

GROUP ACTIVITIES

1

Security fee/int pax 6

Domestic tax/ passenger

International tax/ passenger

2019 Pax (mppa)

TAV share holding Scope

Annual concession fees paid

Type of contract/ Expiry date

Volume Guarantee

Airport

Build Operate Transfer contract + concession (May 2040 + 5 years)

Medina (TIBAH)

SAR 10.60

-

No

54.50%

50% Airport

8.4 SAR 94.27 4

Zagreb (MZLZ) Fixed: €2.00 – €11.50 million fixed Variable 0.5% (2016) - 61% (2042) 1 Accrual accounting basis: Depreciation expense from €13.50 million in 2015 to €32.40 million in 2032, plus finance expenses from €17.8 million in 2015 to €0.00 million in 2032. 2 Accrual accounting basis: Depreciation expense from €11.10 million in 2016 to €38.00 million in 2032, plus finance expenses from €18.8 million in 2016 to €0.00 million in 2032. 3 The percentage will be reduced to 2% as the number of passengers increases. 4 The PAX fee in Medina applies to departing and arriving international passengers. The tourist tax will be increased according to the cumulative CPI in Saudi Arabia every three years. 5 TAV Airports’ 49% stake in Antalya Airport entitles it to equal governance and 50% of dividends. 6 Security fees for international passengers have been collected at Turkish airports since January 2019. 7 Concession fees were restructured in November 2019 with this multiplier: (*35% if Pax < 4 million, *75% if 4 million < Pax < 5 million, *125% if 5 million < Pax < 7.5 million, *150% if Pax > 7.5 million). 8 DHMI extended the operating periods of Antalya, Ankara, Gazipaşa -Alanya, Izmir and Milas-Bodrum for two years, in February 2021. https://www.kap.org.tr/en/ Bildirim/909767. Build Operate Transfer contract + concession (April 2042) 15% Airport 3.4 €17.50 (€19.67 from 1 April 2023) €4 (Transfer) (€4.50 from 1 April 2023) €7.50 (€8.43 from 1 April 2023) €6.50 international, domestic and passenger transfers No

9 The operation of the airport is not subject to a concession. Airport facilities are owned and leased. 10 TAV Airports’ 51% stake in Antalya Airport entitles it to equal governance and 50% of dividends.

11 VAT will be paid on an accrual basis from 2027 (€52.2 million per year). 12 VAT will be paid on an accrual basis from 2025 (€3.4 million per year).

The graph below details the traffic of TAV Airports’ four main airports in millions of passengers (Mpax) and as a percentage of the 2019 traffic:

Following the extension of the concession periods of TAV Airports’ four Turkish airports for two years, the renewal of the Antalya concession until 2051, and the acquisition of Almaty airport, the maturity of the portfolio of TAV Airports was 30 years in 2021. With the renewal of the Ankara concession until 2050, the maturity of TAV Airports’ portfolio is set at 35 years at end-2022. TAV AIRPORTS’ TRAFFIC IN 2022 As the negative effects of the pandemic began to ease at the beginning of 2022, the war between Russia and Ukraine broke out, triggering an economic recession and causing a sharp increase in inflation rates around the world. In this context, TAV Airports’ traffic is up by 46.7% compared to 2021, with 78.5 million passengers welcomed in its network in 2022, i.e. 82.2% of 2019 traffic.

Almaty

7.2

112.6%

3.9

Milas-Bodrum

90.0%

Antalya

31.2

87.5%

Izmir

9.8

79.6%

TAV Airports

78.5

82.2%

x In MPax

x% Percentage of the 2019 traffic

The resumption of traffic in the airports located in Turkey reached 80.8% of the 2019 traffic. It was driven in particular by traffic with the United Kingdom, which represented 152.8% of the 2019 level, and with Germany, at 108.7% of the 2019 level. In the other international airports, traffic reached 85.4% of the 2019 level, with a solid contribution from Almaty airport.

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