Universal Registration Document 2024

2024 HIGHLIGHTS 5

ANALYSIS OF 2024 CONSOLIDATED FINANCIAL STATEMENTS

5.2

ANALYSIS OF 2024 CONSOLIDATED FINANCIAL STATEMENTS

2024 consolidated financial statements

2024/2023 change

2024 6,158 2,068 33.6 %

2023 5,495 1,956 35.6 %

(in millions of euros)

Revenue

+€663M +€112M -2.0pts -€254M -€249M +€75M -€289M

Recurring EBITDA

Recurring EBITDA/revenue

Operating income from ordinary activities

985 994 -152 342

1,239 1,243 -227

Operating income Net financial expense

Net income attributable to owners of the parent company

631

Revenue

2024 6,158 2,054 1,930 820 180 332 1,971 1,660

2023 5,495 1,910 1,766

2024/2023 change

(in millions of euros)

Revenue Aviation

+€663M +€144M +€164M +€65M +€62M +€18M +€341M +€355M

+12.1% +7.5% +9.3% +8.6% +52.5%

Retail and services

Including Extime Duty Free Paris

755

Including Extime Travel Essentials Paris

118

Real Estate

314

+5.7%

International and airport developments

1,630 1,305

+20.9% +27.2%

Including TAV Airports

Including AIG

277 189 -318

277 180

-€M

- %

Other activities

+€9M -€13M

+5.0% +4.3%

Eliminations and internal balances

-305

Groupe ADP's consolidated revenue for 2024 totalled €6,158 million in 2024, up 12.1% (€663 million) year on year, mainly due to growth in traffic: u revenue for Aviation activities in Paris, was up 7.5% (€144 million), to €2,054 million; u revenue for Retail and Services in Paris, was up 9.3% (€164 million), to €1,930 million;

u revenue for the International and Airport Developments segment, notably TAV Airports, was up 20.9% (€341 million), to €1,971 million; u Inter-segment eliminations amounted to €318 million.

EBITDA

2024 6,158 -4,210 -920 -1,511 -1,259

2023 5,495 -3,597 -837 -1,310 -1,055

2024/2023 change

(in millions of euros)

Revenue

+€663M -€613M -€83M -€201M -€204M -€146M +€21M +€62M +€112M

+12.1% +17.0% +9.9% +15.3% +19.3% +55.1% -16.2 % +106.9%

Recurring operating expenses Purchases used in production

External services Personnel costs

Taxes other than income taxes Other operating expenses

-411 -109

-265 -130

Other income and expenses

120

58

Recurring EBITDA

2,068 33.6%

1,956 35.6%

+5.7%

Recurring EBITDA/revenue

-2.0pts

531

UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS