Universal Registration Document 2024

1 PRESENTATION OF THE GROUP GROUPE ADP’S ACTIVITIES

Tariffs subject to approval are published no later than the day after their notification by the airport operator. In the absence of an Economic Regulation Agreement, they are approved, unless the French Transport Regulatory Authority objects, within two months, following receipt of the notification. In the event of opposition, Aéroports de Paris has the option, within one month from the notification of opposition from the French Transport Regulatory Authority, to submit a new

proposal. The French Transport Regulatory Authority then has one month to approve the operator’s new proposal or to again refuse its approval. In the latter case, the fee rates and their adjustments previously in force remain applicable. If the last approval is more than twenty-four months old, the French Transport Regulatory Authority is competent to set the rates of fees and their adjustments for the following fee period.

Applicable regulatory framework In the absence of an Economic Regulation Contract, prices are subject to compliance with two ceilings: u a first ceiling defined by the adequacy of revenues to the costs of services rendered (“coverage rate”); and u a second ceiling defined by the profitability of the regulated scope. These two ceilings are provided for in article L. 6325-1 of the French Transport Code, which stipulates that: u “the amount of fees takes into account the return on capital employed for a scope of activities stipulated by regulation for each airport, assessed based on the weighted average cost of capital estimated using the financial assets valuation model, available market data and parameters considered for companies engaged in comparable activities”; and that

u “the total revenue from these fees may not exceed the cost of the services provided at the airfield or for the airfield system serving the same city or urban area in question. This system is defined within this chapter as a group of airfields serving the same city or urban area, managed by the same operator and designated as such by the competent French State authority”. In addition, article L. 6327-2 of the French Transport Code stipulates that changes in prices in relation to current prices must be moderate. This moderate change is assessed overall for the airport system comprising Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget airports.

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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024