Universal Registration Document 2024

5 2024 HIGHLIGHTS

ACHIEVEMENT OF 2024 TRAFFIC ASSUMPTIONS, FORECASTS AND TARGETS

u replacement of the security check system for luggage; u the purchase of electric vehicles; u as well as various investments in equipment and furniture for the terminal. Investments by retail subsidiaries amounted to €24 million. The main investments were as follows: u the transition from the "Buy Paris Duty Free" concept to the "Extime Duty Free" concept in the relevant Extime Duty Free Paris shops in the Paris terminals; u the replacement of certain 70-inch digital devices by larger devices in the case of Extime Media; u the renovation of Relay outlets for Extime Travel Essentials Paris.

Investments by the real estate subsidiaries amounted to €5 million. The main investments were as follows: u the multi-year renovation plan for the main common areas at Roissy Continental Square (RCS) located in the Roissypôle zone; u the development and construction of a business park in Lognes, comprising four buildings (9,000 sq.m. of business premises and 2,000 sq.m. of offices). Hub One’s investments totalled €14 million. Aéroports de Paris fully funds its investment programme, primarily through operating cash flow, and medium- to long term debt as needed.

5.4.2 ONGOING INVESTMENTS

Groupe ADP has no significant ongoing investments or for which firm commitments have already been made.

5.4.3 AÉROPORTS DE PARIS’ PROJECTED INVESTMENT PROGRAMME IN 2025, EXCLUDING FINANCIAL INVESTMENTS

For the 2025 period, the Group’s tangible and intangible investments (CapEx) in constant euros will be a maximum of €1.4 billion per year, broken down as follows: u ADP SA investments (regulated and non-regulated): a maximum of€1 billion per year. More than 50% of this investment programme is devoted to the maintenance of assets, regulatory compliance and safety and security. Environmental investments are also spread throughout the entire plan; u investments by international subsidiaries: a maximum of €400 million per year mainly for the subsidiaries TAV Airports and AIG. The Group’s investment programme above is expressed in current euros and includes the expected effects of inflation in 2025. The 2025 programme does not take into account potential investments related to equity investments in France or abroad. This programme does not take into account the potential investments relating to CDG Express either, which will be undertaken by the CDG Express infrastructure project management company, of which Aéroports de Paris owns one-third of the capital.

Following the delay in the commissioning of the project, initially planned for the end of 2025 and postponed to March 2027, following a decision by the French government, the initial projected budget of the CDG Express project is around €2.6 billion, which will be covered in an amount of approximately €400 million in equity by shareholders of the project company, CDG Express, shared equally between Groupe ADP, SNCF Réseau and Caisse des Dépôts et Consignations, and in the maximum amount of €2.2 billion by a loan from the French State. The French State loan will be reimbursed using revenues from the infrastructure manager. As part of the 2025 Pioneers roadmap, in 2025 and beyond, the Group will, favour a more sober investment policy, through three axes: u optimising the use of existing Airport capacity, notably by digitising the passenger experience and adapting platforms to changes in traffic and fleets; u accompanying traffic growth at an appropriate pace and with a more sober development of capacity, by favouring more compact infrastructures as well as their modularity and flexibility; u reducing the need for costly road infrastructure, in particular by improving public transport access to the hubs.

5.4.4 INVESTMENTS IN JOINT VENTURES OR IN SIGNIFICANT HOLDINGS

Groupe ADP has not made any significant investments in joint ventures or significant shareholdings.

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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024