Universal Registration Document 2024

FINANCIAL INFORMATION 6

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

From an accounting standpoint, this merger does not amount to an exchange of substantially different securities, as most of the fair value of GIL is attributable to GAL. Consequently, the financial impact of the merger corresponds to the cost of the listing service, which is equal to the sum of: u the 3.3% dilution in its share in GAL's net assets (from 49% to 45.7%); and u 45.7% of the fair value of GIL's net assets excluding GAL at the merger date. GIL's net assets excluding GAL are negative because they mainly include debt measured at fair value relating to the FCCB convertible bonds subscribed by ADP. The remeasurement of the FCCB debt at fair value is recognised in GMR Airports' income statement and is therefore presented in “Profit (loss) from equity-accounted companies”.

At the date of the merger, this impact was a non-cash charge of €398 million, which was recognised in Profit (loss) from equity-accounted companies. It is expected that a profit offsetting this loss will be generated automatically when the FCCB convertible bonds are converted into GMR Airports ordinary shares. Between the date of the merger and 31 December 2024, the fair value of the FCCBs fell by €125 million, generating a positive impact of €68 million on “Profit (loss) from equity-accounted companies”. 2.1.7 ADP Ingénierie disposal On 15 October 2024, Groupe ADP completed the sale of 100% of the share capital of ADP Ingénierie, a subsidiary of ADP International, to Artelia, an international consulting, engineering and project management group. This sale is part of the ADP Group's management of its business portfolio, aimed at maintaining an optimal mix to achieve the strategic, development and financial performance objectives it has set itself.

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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS