Universal Registration Document 2024

PRESENTATION OF THE GROUP 1 GROUPE ADP’S ACTIVITIES

1.1.2.3.7 Real estate activities on the Paris - Le Bourget hub

The development of a business park is under consideration at Saint-Cyr. In Lognes, a first development phase, consisting of the planning and development of a small 11,000 sq.m. business park (first tranche) on 3 hectares of land, was the subject of a consultation with developers in 2022, the signature of a real estate development contract and a request for a building permit at the end of 2023. The operation is of a reasonable size and can easily be phased in depending on the marketing conditions. The delivery of a first phase of four buildings is scheduled for end-2025. The development of a second tranche (5,500 sq.m. of floor area) is conditional on the validation of a "wetland" compensation solution.

The Paris-Le Bourget Airport is characterised by city real estate for an airport in the city, with a unique opportunity to renew and enhance an ageing real estate portfolio and high value-added land, by offering a new urban city-side front. A land reserve of approximately 10 hectares, north of Le Bourget airport, in the municipality of Bonneuil-en France, suitable for the development of a business park for SME-SMI companies is currently subject to a reassessment of its construction capacity, to take into account constraints relating to the preservation of biodiversity and radio-electric easements.

1.1.2.4 International and airport development

2024/2023 change

2024 1,971

2023 1,630

(in millions of euros)

REVENUE

+€341M

ADP International

307 277

298 277

+€9M

-€M

Including AIG

12

16

-€4M

of which ADP Ingénierie

TAV Airports

1,660

1,305

+€355M

Société de Distribution Aéroportuaire Croatie

—

18

-€M

RECURRING EBITDA

546

422

+€124M -€368M -€225M +1.8 pts -14.9 pts

Share of profit or loss in equity-accounted companies OPERATING INCOME FROM ORDINARY ACTIVITIES

-294

74

99

324

27.7% 5.0%

25.9% 19.9%

Recurring EBITDA/revenue

Operating income from ordinary activities/Revenue

The “International and airport developments” segment consists of the businesses within Aéroports de Paris’ subsidiaries and holdings that operate airport management and activities. This segment includes ADP International, the stake in TAV Airports and the stake in GMR Airports. On 15 October 2024, Groupe ADP sold 100% of the share capital of ADP Ingénierie, a subsidiary of ADP International, to Artelia, an international consulting, engineering and international project management group. Until that date, ADP Ingénierie's results were fully consolidated in the "International and airport development" segment. This disposal is consistent with Groupe ADP's business portfolio management strategy, aimed at maintaining an optimal business mix to achieve the strategic and financial development and performance objectives that the Group has set itself. 1.1.2.4.1 An international strategy with a unique and value-creating model INTERNATIONAL DEVELOPMENT DRIVEN BY THREE COMPLEMENTARY ENTITIES Within the framework of the business model described above in section 1.1.1.1, Groupe ADP's value creation model is based in particular on consolidating its presence in various geographical areas.

Groupe ADP is driven by the conviction that its internationalisation both puts it in a better position to take advantage of the post-Covid-19 recovery phase, with traffic levels now exceeding those of 2019, and balances its exposure to future trends in air traffic. The Group’s international assets thus make it possible to have a well balanced portfolio in terms of exposure to promising regions showing significant growth potential due to their continued economic development, the growth of the middle class and its propensity to travel. The Group’s international development is characterised by: u complementary geography and exposure to growth between ADP in its own right, TAV Airports and GMR Airports: presence of TAV Airports in the Middle East, Central Asia, Eastern Europe, Maghreb and English speaking Africa; presence of GMR Airports in South and South-East Asia; and ADP presence in mature (Europe, North America) and emerging (Latin America, French speaking Africa) markets. These natural development areas should not be seen, however, as compulsory limitations; u synergies sought as a result of Groupe ADP 's unique positioning across the entire value chain of the airport business described above in section 1.1.1.1; u an international development activity organised around three regions: Africa – Middle East, Asia, and the Americas with the New York office.

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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS