ADP // 2021 Universal Registration Document

R I SK AND MANAGEMENT

RISK FACTORS

In a context of health crisis, the asset maintenance program of Groupe ADP, managed on a multi-year basis, remains one of its main priorities. In France, it has led to the renovation of runway 3 at Paris-Charles de Gaulle airport in 2021the state of the Parisian platforms and the resources needed to their maintenance in operational condition are monitored in the Investments strategic committee (CSI). In other countries where the group operates, infrastructure maintenance is continuously monitored under the concession agreements between the concessionary authorities and Groupe ADP’s international entities.

Given the complexity and density of its physical infrastructure in its Parisian platforms (with a strong increase in reception capacities over the last ten years), the group is exposed to an obsolescence and value loss risk of its infrastructure. At all of the airports managed by the group, infrastructure maintenance presents challenges in terms of security, image, customer satisfaction (airlines, passengers), operational effectiveness and relations with the supervisory authority ( Direction Générale de l’Aviation Civile ) or the concessionary authority at international level.

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2.1 .5 RISK RELATED TO THE GROUP ’S PLATFORM DEVELOPMENT PROJECTS

4 – A: Insufficient awareness of environmental issues could negatively affect Groupe ADP’s activity and growth prospect, and even lead to a decline in air traffic. In the context of the struggle against climate change, the air transport crisis and the environmental pressures weighing on this sector, Groupe ADP’s challenge is to: ◆ restore its activity and growth prospects in compliance with applicable regulations and in accordance with international, national and local policies; ◆ remain an engine of economic development and employment for the nearest territories. The group’s platforms’ activities may have an environmental, economic and social impact on the implantation territories and surroundings. Such activities may generate, in the absence of prevention, reduction and/or compensation measures, specific pollution risks (noise, emissions to air, water and soil) and waste management, resource use (water, energy), biodiversity protection and sustainable development issues, or even an unfavorable climate impact. Failure to take sufficient account of environmental, regional and social issues in the Groupe ADP’s activities, or the perception that they are insufficient, could hinder the Group’s business and growth prospects (risk of traffic restrictions), lead to an increase in financing and insurance costs, increase the number of disputes and legal proceedings, ultimately devalue the Group’s assets, have a negative impact on its image and reputation, and lead to recruitment difficulties. It may also lead to movements of mistrust or demands, particularly from its stakeholders.

In addition, depending on the country in which they are located, the activities of the group’s platforms may be disrupted by the occurrence of environmental events of an extreme nature (high winds, floods, etc.). Insufficient awareness, or perceived as insufficient, of the environmental, territorial and social issues of Groupe ADP’s activities is likely to hinder the group’s business and growth prospects and have a negative impact on its image and reputation. It may also give rise to mistrust or pressures, particularly from its stakeholders. The group strives, for its Parisian and International platforms, to (i) minimize its internal environmental footprint, (ii) facilitate the reduction of the environmental footprint of its service providers and customers, for example by supporting sustainable alternative fuel and hydrogen for aviation, (iii) establish a constructive dialogue with its stakeholders, share the value created by the development of airport activity with the territories, to the benefit of the local communities, their inhabitants and the companies based there, and rely on territorial environmental projects, and (iv) integrate the environmental performance of its activity over the whole life cycle, including in its development and construction activity. In France or abroad, the Groupe ADP Foundation supports general interest projects in the territories where the group operates, such as in Mauritius and Madagascar, prioritizing education. Finally, the group prepares to deal with extreme events, in particular through weather monitoring, by the sizing and supervision of its infrastructures and by business continuity plans.

2.1 .6 RISKS RELATED TO COMPLIANCE

5 – A: Unethical and uncompliant practices by employees or associates may jeopardize the reputation and thus the shareholder value of Groupe ADP. The internationalization of Groupe ADP’s activities and the reinforcement of regulatory framework prohibiting unethical and non-compliant practices in business conduct are prone to expose the group, its employees, associates or third parties acting for the group, to penal or civil charges, and to undermine its reputation.

In France, law No. 2016-1691 of 9 December 2016, relating to transparency, the fight against corruption and modernization of economic life (Sapin 2), but also all anti-corruption laws (in particular the Foreign Corrupt Practices Act) to which the Groupe ADP is subject due to its worldwide presence, imposes companies to take actions aiming at preventing and detecting acts of corruption or influence peddling. under the supervision of the French anticorruption agency, and under penalty of administrative or penal sanctions.

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AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 202 1