Universal Registration Document 2024

PRESENTATION OF THE GROUP 1 MAIN HUBS

A suitable infrastructure There are three runways at Paris-Orly with a scheduling capacity of 70 aircraft movements per hour 1 . In 2024, Orly airport handled 203,757 movements, slightly down at 0.9% compared to 2023, and representing 93.3% of the traffic in 2019, the last year before the health crisis. Taking into account the current airside works, which will require the temporary closure of some aircraft stands on contact, the airport has 87 parking stands, including 52 on contact and at remote stands 2 . For airlines, Paris-Orly’s main operational strengths are an average taxiing time of less than eight minutes, runways that are close to the terminals and a very smooth approach. In addition, simple operations and a large number of contact stands result in very regular use by all types of aircraft and more efficient operating performance, which generates profitability and growth. The airport also offers significant opportunities for real - estate development, the majority of which is diversification. Regulatory constraints Traffic at Paris-Orly airport must meet two types of requirements. Firstly, under the terms of the decree of 6 October 1994, the number of take-off and landing slots at Orly airport is limited to 250,000 for two consecutive IATA seasons. In 2024, the number of aircraft movements stood at 203,757, slightly down compared to 2023 (205,600 movements). Secondly, since 1968, the airport has been subject to a daily curfew between 11.15 p.m. and 6 a.m. for take-offs and between 11.30 p.m. and 6.15 a.m. for landings (decision of 4 April 1968 regulating the night use of Orly airport). These operating restrictions have regulatory value. These requirements are included in French law no. 2019-486 of 22 May 2019 on business growth and the transformation of companies (known as the “Pacte” law), which enshrined the capping of movements and the application of the curfew in law. However, these provisions will only come into force in the event of privatisation. If the French Government were to decide to transfer the majority of the share capital of Aéroports de Paris to the private sector as it is now authorised to do, it would be mandatory for the new terms of reference of Aéroports de Paris to set the terms and conditions of the operating approval for 250,000 allocated slots and the curfew. Lastly, in order to improve the environmental situation around Paris-Orly airport, an impact study according to the balanced approach has been carried out at Paris-Orly, under the authority of the Prefect of Val-de-Marne, in accordance with Regulation (EU) No. 598/2014. A draft order tightening the restrictions was drawn up and put out to public consultation from April to July 2024. Following this consultation, a draft order restricting operations was submitted for a simple opinion to the Paris Orly airport environmental consultative committee on 15 January 2025, which issued an unfavourable opinion. The project was then submitted to French Airport Pollution Control Authority ( Autorité de contrôle des nuisances sonores – ACNUSA), which issued a favourable opinion on 18 February 2025.

This draft order provides in particular for progressive restrictions on aircraft with a cumulative noise margin of less than 17 EPNdB in order to maintain the airlines' commitment to fleet modernisation. Other measures include a landing ban for aircraft with a certified noise level >97 EPNdB on approach and >91 EPNdB on take-off. Lastly, the draft order tightens up the curfew arrangements introduced by a ministerial decision of 1968 by securing the application of the morning curfew rule and harmonising the reference point for departures. A six month notice period will begin once the order has been published in the French legal gazette (Journal Officiel), pursuant to Regulation (EU) no. 598/2014. The provisions of the draft order will come into force on 29 March 2026. Traffic Paris-Orly hub’s traffic is mainly origin/destination traffic. In 2024, however, connecting passengers accounted for about 1.6% of departing traffic, or nearly 263,760 passengers. Paris - Orly airport traffic grew steadily before the impact of the pandemic. The traffic structure itself experienced significant changes with strong growth in European traffic offsetting a decline in domestic traffic impacted by the ramp-up of the TGV with the commissioning of the link with Bordeaux in July 2017. During this period, the size of the modules used at the airport has constantly increased. This change in the traffic structure was accompanied by a 22.8% increase in the number of passengers per aircraft between 2011 and 2019. During the pandemic, the average number was impacted (146 in 2019, 130 in 2020, 133 in 2021, 149 in 2022). It has since increased, going from 157 in 2023 to 163 in 2024. CHANGE IN TRAFFIC AT THE PARIS-ORLY HUB (in millions of passengers)

35

28

21

14

7

0

2011

2017

2012

2021

2013

2015

2018

2016

2019

2014

2010

2022

2023

2024

2020

2009

National

Europe

International

1 Maximum hourly combined programming (arrivals + departures) capacity defined during the 2024 summer season. 2 Offer on 15 November 2024, in a parking configuration and aircraft types benchmark. Multiple parking configurations are possible, which causes the overall total to vary. Multiple parking configurations are possible, which causes the overall total to vary.

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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS