Universal Registration Document 2024

6 FINANCIAL INFORMATION

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

The breakdown of the residual contractual maturities of financial liabilities is as follows:

Total contractual payments as at 31 Dec. 2024

SOFP value as at 31 Dec. 2024

0 - 1 year

1 - 5 years

Over 5 years

(in millions of euros)

Bonds

7,726 1,893

7,786 1,909

500 625

3,236

4,050

Bank loans

529

755

Lease liabilities

168 175 180

168 175

19

114

35

Other loans and assimilated debt

8

150 888

17

Interest on loans

1,651

304

459

Borrowings and debt (excluding derivatives)

10,142

11,689

1,456

4,917

5,316

Trade payables

790

790

790

-

-

Other payables and other non-current liabilities (1)

1,641

1,641

926

403

312

Debt at amortised cost

12,573

14,120

3,172

5,320

5,628

Outgoings

- - -

518

34

465

19

Receipts

(611) (93)

(49) (15) 3,157

(528)

(34) (15)

Hedging swaps

(63)

TOTAL

12,573

14,027

5,257

5,613

1 Other payables exclude all accounts which do not constitute, within the terms of IAS 32, contractual obligations, such as tax and social security debts.

COVENANTS As part of their financing contracts, certain Groupe ADP entities are required to comply with certain financial ratios. These include ADP SA, Extime Duty Free Paris, and concessions operated by airport management companies in which AIG and TAV Airports are shareholders. In the event of persistent failure to comply with these ratio requirements, the lenders may impose default conditions leading to early repayment with limited recourse to the shareholders. Contracts containing such covenants represent 22% of the Group's total borrowings as at 31 December 2024.

In 2024, TAV Macedonia and Almaty International Airport did not meet the requisite interest coverage ratios under its covenants. The lenders agreed to waive the covenants prior to 31 December 2024. As at 31 December 2024, the Group's entities complied with their covenants, with the exception of the TAV Tunisia international concession (see note 9.4.1).

Borrowings recognised in the statement of financial position that incorporate covenants break down as follows:

Nominal amount outstanding as at 31 Dec. 2024

Amount with covenants

Amount in %

(in millions of euros)

ADP AIG

7,811

402

5%

98 45 10

98 20

100%

Extime Duty Free Paris

44%

Extime Travel Essentials Paris ADP International Americas

– – 3 – –

–% –%

9 9

Paris Experience Group

35%

Hub One

1 1

–% –%

Extime Média TAV Airports

1,711 399 255 234 223 206

1,642

96% 97%

TAV Holding TAV Ankara TAV Tunisie

386 255 234 223 206

100% 100% 100% 100% 100% 100% 100%

Almaty International Airport

TAV Kazakhstan

TAV Izmir

179

179

TAV Bodrum

96 63 56

96 63

TAV Macedonia

Other

–

–%

TOTAL

9,695

2,165

22%

618

AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024