Universal Registration Document 2024

6 FINANCIAL INFORMATION

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

LEASED BUILDINGS AND LAND The coverage rate of external appraisals for the valuation of buildings and land leased to third parties covers 100% of their value, excluding land reserves. For their valuations, the independent real estate appraisers use (i) confidential data provided by the Group (such as rental statements) and (ii) appropriate assumptions, the main ones being discount or capitalisation rates, market rental values and specific tenant benefits. The fair value of buildings owned outright and not used for Aéroports de Paris' own needs, amounts to €1,778 million, up €138 million compared to 2023. This increase is mainly due to the transfer to full ownership of the engine maintenance building in the west technical area ( zone technique ouest ), an advantageous indexation effect, the triggering of the variable land portion of hotels (for 50% of the hotels in the portfolio), new leases signed for hangars at Roissy Charles de Gaulle, as well as a reduction in rates for all assets to reflect the market environment, offset by positive indexation. The value of buildings was boosted mainly by the contribution of core business assets, such as cargo (20%), industrial facilities (28%) and business parks (30%), while the value of office assets remained stable despite market weaknesses. At the same time, the value of leased land stood at €1,575 million at 31 December 2024, representing a relative increase of around 6% in a context of land scarcity, higher indexation on secured flows on long-term contracts, combined with the triggering of the variable land portion on hotels, and new land leases which therefore fall outside the scope of land reserves. LAND RESERVES Land reserves increased by €1 million to €221 million. The main components of this change can be broken down as follows: reclassifications from land reserves to land leases, changes in the use of plots of land on the Paris-Orly platform with a review of the building potential resulting from the findings of the regional urban planning study in connection with the Orly 2035 project, and an update of the schedule for a

business park project. This decrease is offset by the integration of pre-projects for a business park and a single storey freight station at the Paris-Charles de Gaulle hub. The surface area of building reserves for real estate purposes spans 268 hectares (excluding biodiversity and ongoing projects), with a loss of 11 hectares, mainly at Paris-Charles de Gaulle due to the reclassification of land reserves to the leased land scope, and at Orly due to land transferred for aeronautical purposes. VALUATION ASSUMPTIONS AND SENSITIVITY ANALYSIS Given the scarcity of publicly available data, the complexity of real estate asset valuations, and the fact that real estate appraisers use (i) the Group's confidential rental statements, and (ii) publicly unobservable data such as rental growth rate assumptions, or capitalisation rates, the Group has considered the level 3 classification of its assets to be the most appropriate (see note 9.5.2 on the fair value hierarchy). At the time of the 2024 asset valuations, the Group included the first estimates of the investments needed to achieve the energy sobriety targets resulting from Decree 2019 771 of 23 July 2019 (the "Tertiary Decree"). A combined variation of +25 to +75 basis points in discount rates and resale yields, applied to the entire investment property portfolio, would reduce the value of the portfolio excluding transfer taxes and costs (excluding land reserves) by €118 million (-3.5%) to €333 million (-10%). 6.3.3 Additional information The law of 20 April 2005 provides that in the event of the closing to public air traffic all or part of an aerodrome operated by Groupe ADP, Aéroports de Paris will pay the government a percentage of at least 70% of the difference existing between, on the one hand, the market value on this date of the buildings located within the confines of this aerodrome which are no longer assigned to the airport public service and, on the other hand, the value of these buildings on the date when they were allotted to him, plus the costs related to their refurbishment and the closure of airport facilities.

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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024

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