Universal Registration Document 2024

1 PRESENTATION OF THE GROUP GROUPE ADP’S ACTIVITIES

Direct operations, particularly in the luxury, fashion, watch and jewellery sectors Many luxury brands have a resolutely selective distribution strategy and make their presence in airports conditional on having complete control over their operations and image. This means that they want to be able to manage their points of sale directly. ADP therefore acts as lessor for the luxury brands, whose portfolio has been significantly expanded since 2022 with the integration of Moncler, Saint Laurent and Bottega Veneta, which joined Louis Vuitton, Dior, Chanel, Gucci, Prada and Ladurée. ADP also acts as lessor to multi-brand operators in the watch and sunglasses markets. In the watch market, nine shops are operated by the Galeries Lafayette Group's watch subsidiary, Royal Quartz Paris, which sells the leading Premium watch and jewellery brands, including Rolex and Cartier. The Swatch Group operates in the accessible watch segment via its eponymous brand. The sunglasses market, managed by the Sunglass Hut group, operates 11 multi-brand outlets under the Solaris banner. Each outlet offers a broad portfolio of brands for all types of passenger. A comprehensive and diversified catering offering Paris Aéroports offers a wide range of restaurants, operated by its subsidiary Extime Food & Beverage Paris or by third parties (Areas, McDonald's, Selecta). Groupe ADP acts as lessor to retail operators and as manager through its retail subsidiary Extime Food & Beverage Paris. Extime Food & Beverage Extime Food & Beverage Paris is the catering subsidiary of the Extime brand. Select Service Partner (SSP) was selected in 2021 to acquire a 50% stake in Extime Food & Beverage Paris alongside Groupe ADP. The French Competition Authority approved the transaction in August 2023, enabling SSP to acquire a stake in the company in October 2023. Extime Food and Beverage Paris is tasked with the development and operation of a majority of the catering outlets at Paris-Charles de Gaulle and Paris-Orly airports. With this in mind, in July 2024, Aéroports de Paris and SSP finalised the merger of their two catering companies operating at Paris-Orly and Paris-Charles de Gaulle airports: Extime F&B Paris and Epigo (a company set up in 2016 and owned as to 50% by ADP and 50% by SSP). This has enabled Extime F&B Paris to increase its critical mass (with the acquisition of the restaurants formerly operated by Epigo) in order to optimise its purchasing, benefit from better commercial terms with franchises and offer a more consistent catering service from one terminal to the next. Extime Food & Beverage Paris is consolidated using the equity method.

Extime Food & Beverage Paris has issued a call for tenders to restaurant brands in the Mediterranean, Asian, gourmet burger, bakery, coffee shop and fast casual segments, with a view to renewing the portfolio of restaurant brands in its 74 (and ultimately 115) outlets. As a result, three new brands (Eataly, Côté Sushi and Big Fernand) will join Extime Food & Beverage Paris' portfolio of restaurant brands in 2025, alongside existing brands (Paul, Brioche Dorée, Starbucks, Exki and Prêt à Manger). The company is also diversifying its activities, and has run the catering services on offer in the official and private lounges at Paris-Orly and Paris-Charles de Gaulle since November 2024. Additional offerings Groupe ADP also entrusts catering activities to other operators. The company Areas operates a number of outlets at Paris-Charles de Gaulle and Paris-Orly, notably under the Paul, Exki, McDonalds, Sushi Shop and Starbucks banners, as well as table service with renowned chefs. There are also direct concessions with brands such as McDonald's and Ladurée restaurants. Extime Travel Essentials Paris also offers a catering service via its range of packaged food products. In addition, coffee and snacks are available from vending machines operated by Selecta. Finally, several mini markets are located in the airports, including Marks & Spencer and Carrefour City. Advertising: an activity managed by Extime Média Advertising at Paris-Orly and Paris-Charles de Gaulle is managed by Extime Média (formerly Média Aéroports de Paris), a French simplified joint-stock company created in June 2011, 50% co-owned by Aéroports de Paris and 50% by JC Decaux France SE. It has been fully consolidated since 2016. The purpose of Extime Média is to operate, market and maintain advertising systems and services associated with advertising revenue, in France or abroad. One of the subsidiary's ambitions is to renovate its billboards and screens with digital devices, including several flagships such as those in Terminal 2EK and Terminal 1 at Paris-Charles de Gaulle. The Paris 2024 Olympic Games enabled Extime Média to achieve record sales, thanks to the high level of support from international advertisers during the summer. Other retail services Aéroports de Paris receives revenue from car rental companies, banking and foreign exchange activities and several passenger paid services (luggage wrapping, left luggage, sanitary product dispensers, post offices and photo booths). Retail income is based on hub revenues. Rental income comes from leases of non-retail space within the terminals (land reserves, parking spaces).

1.1.2.2.4 Change in total retail space

2024

2023

(in thousands of sq.m.)

Airside shops

34 24

32 22

Of which, shops in international areas Of which, shops in the Schengen area

5 5 6

5 5 7

Of which in mixed areas

Landside shops

Bars and restaurants

21

20

34

AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024