Universal Registration Document 2024

1 PRESENTATION OF THE GROUP GROUPE ADP’S ACTIVITIES

Groupe ADP can also capitalise on its international airport network to support its strategy. The diversity of the Groupe ADP network makes it possible to benefit from real time and live information on the state of global traffic and its trends, changes in the expectations of our customers, airlines and passengers, and thus to adapt its offer in all areas and have a greater influence at a global level on the definition of future international operational standards. Cooperation between the airports in the network strengthens the Group's resilience and ability to adapt to changing business conditions. With this in mind, the approach to strengthening the connectivity of our regions is an extension of the objective, included in the 2025 Pioneers roadmap, of opening 100 additional international routes by 2025. Finally, as part of the 2025 Pioneers roadmap, international activities are governed by a quantified objective of stabilising the average maturity of concessions at 30 years. MANAGEMENT OF INTERNATIONAL ACTIVITIES FOCUSED ON FINANCIAL AND OPERATIONAL PERFORMANCE The One Group approach, effective since 1 January 2020 within Groupe ADP, aims to promote the internationalisation of the Company, in order to strengthen its industrial and financial performance, and offer broad development prospects to its employees. In managing its international activities and their development, Groupe ADP is aiming at financial robustness and operational performance. These objectives are based on an industrial logic and on the integration of the activities conducted within TAV Airports and Airport International Group, as well as the operational partnership associated with the stake in the capital of GMR Airports. This approach should make it possible to promote synergies and cooperation, strengthen the capacity for innovation, optimise resources and free up room for manoeuvre to continue the development of the entire Company. With this in mind, Groupe ADP’s international strategy is structured around three components: u development projects, including non-airport developments and those of service subsidiaries, handled by the Development Department; u managing the network of airports operated by the Group in France and abroad, where applicable through service contracts intended to share best practices in airport operations and management and managing the operational excellence model that supports performance, robustness and innovation at Group level, under the responsibility of the General Operations Department; u the implementation of the One Group approach through the “group” sectors organised around a family of business lines and systematically including expertise related to innovation and sustainable development. These business lines operate in a matrix mode with hierarchical as well as functional reporting. They thus contribute to the Group’s development. International development takes place through: u ADP SA or ADP International directly, particularly in the Americas and Europe; u TAV Airports, which has significant development opportunities with the extension of the concession periods of certain assets as well as new projects (for more details on TAV Airports’ strategy and forecasts, see the section below on TAV Airports);

u GMR Airports, which has several growth levers by exploiting the growth potential in India, the dynamism of Indian airlines and the privatisation opportunities in India and developing also in other countries, especially in Asia (for more details on GMR Airports’ strategy, see the section below relating to GMR Airports). This international development, which is based on the strong organic growth momentum of TAV Airports and GMR Airports, drives the Group’s long-term value creation. Thus, the Group expects the contribution of international activities to the Group’s income from continuing operations to increase from 15% in 2019, to a level of between 25% and 35% in 2025, between 35% and 45% in 2030 and between 40% and 50% in 2035, before taking into account new development operations. 1.1.2.4.2 TAV Airports Since 7 July 2017, Groupe ADP has held at 46.12% of the share capital and voting rights of TAV Airports (compared to 38% before that date). The dispersion of TAV Airports’ shareholding structure and the conclusion of a shareholders’ agreement between Groupe ADP and the main minority shareholders, gives Groupe ADP the ability to make relevant decisions unilaterally on TAV Airports. The de facto control exercised since 7 July 2017 led Groupe ADP to consolidate the results of TAV Airports by full consolidation in the financial statements of Groupe ADP. DESCRIPTION OF TAV AIRPORTS TAV Airports is a leading airport operator in Turkey and manages 14 airports worldwide: u five airports in Turkey: Ankara Esenboğa, Izmir Adnan Menderes, Gazipaşa, Milas Bodrum and Antalya in joint control with Fraport; u Tbilisi and Batumi in Georgia; u Monastir and Enfidha-Hamamet in Tunisia; u Skopje and Ohrid in North Macedonia; u Medina in Saudi Arabia; u Zagreb in Croatia, alongside ADP International; u Almaty in Kazakhstan. Through its subsidiaries, TAV Airports is also an operator in other airport service areas, like duty free, catering, ground handling, IT, security and operating services. TAV Airports also manage the retail areas and the VIP welcome and lounge services at Riga international Airport in Latvia. With a presence along the entire airport services value chain, the Group’s integrated business model is pivotal to its performance and economic success. TAV Airports is present at the new Istanbul (IGA) airport via its services companies TGS, Havas, ATU, and BTA. In addition, TAV operates Riga Airport (Latvia) under an Operation and Maintenance (O&M) contract. TAV Airports Group’s revenue, as presented in Groupe ADP financial statements, was €1,303 million in 2023 and it had EBITDA of €381 million.

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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024