ADP // 2021 Universal Registration Document

CORPORATE GOVERNANCE

COMPENSATION

Aéroports de Paris has not made any commitments to the Chairman and CEO in terms of compensation, allowances or benefits due or potentially due as a result of taking on, ending or changing their role or after their exercise and, notably, no commitments for retirement benefits or other life annuity benefits. The maximum amount for the variable component of their compensation has been set as an absolute value, not as a percentage. Decree no. 2012-915 of 26 July 2012 amending that of 9 August 1953 capped the compensation of corporate officers from public companies at €450,000. The fixed compensation proposed by the Board of Directors and approved by the Minister of the Economy for the Chairman and CEO is €350,000. It was also decided that the amount of the variable component payable to the Chairman and CEO could enable the statutorily authorised ceiling to be reached: the maximum amount is therefore predefined by the Board of Directors at €100,000 and expressed as a directly readable monetary value. The objectives of the Executive Committee members are aligned with those of the Chairman and Chief Executive Officer. The Board of Directors is aware of the conditions of employment and compensation of the employees within Groupe ADP and the equity ratio between the compensation of the Chairman and Chief Executive Officer and those of employees. The table below presents the equity ratio: it compares the level of compensation of the Chairman and Chief Executive Officer in relation to the average compensation and the median compensation of employees, on a full-time equivalent basis of the Company’s employees, for the scope of Aéroports de Paris SA, which represents 66% of the workforce in France. Compensation includes: fixed salary, variable portion, additional amounts (bonuses, family supplement, night and overtime hours). For 2020 and 2021, the compensation was estimated by taking into account the compensation of the partial employment implemented since 23 March 2020, in order to cover a comparable scope of employee activities. The compensation items linked to the activity have not been adjusted (bonuses, night and overtime hours, mileage allowances).

reduction trajectories as part of the upgrade to Level 4 of the Airport Carbon Accreditation, strategic positioning of ADP on the various energy vectors linked to low-carbon aviation, partnership on the deployment of sustainable aviation fuels and the concept of hydrogen hubs, etc.) and environmental policy; preservation of biodiversity (de artificialisation trajectory on the three Parisian platforms, definition of reference biodiversity indices, etc.). The level of performance for each of these objectives ranges from 0.8 to 1.5. The Board of Directors will assess the extent to which each of these objectives has been reached. The weighting given to each objective defines the fraction of the variable remuneration linked to it. All of these objectives exclude the impact of items whose exceptional nature would be assessed by the Compensation, Appointments and Governance Committee. The imperatives of management and need to adapt or review the company’s strategy, in particular with regard to changes in traffic and health requirements, will be considered. The Chairman and CEO’s annual gross variable compensation for the 2022 financial year will be submitted for the approval of the Minister of the Economy under Article 3 of French Decree no. 53-707 of 9 August 1953. Payment will be subject to approval by the Annual Ordinary General Meeting of Shareholders of the Company to be held in 2023 (called to approve the financial statements for the financial year ended on 31 December 2022) in accordance with the laws in effect. The Chairman and CEO has a company vehicle and is covered by the contract for contingency insurance and the personal accident policy for employees of Aéroports de Paris. He has no employment contract with Aéroports de Paris and is not entitled to any compensation under a non-competition clause. The Chairman and CEO does not benefit from any severance bonus or any specific pension scheme. He does not receive any compensation as a director. The Company has not set up any stock-option or share-purchase schemes that benefit the Chairman and CEO.

3

2021

Compensation received (in euros)

2020

2019

2018

2017

Chairman and CEO Annual compensation

450,000

420,000

450,000

450,000

445,000

Employees Average annual compensation Median annual compensation Ratio Chairman and CEO/Employee Average annual compensation

57,936 50,390

56,757 50,172

59,689 54,054

58,417 52,779

57,881 52,155

7.77

7.40

7.54

7.70

7.70

Change in the “average” ratio Median annual compensation Change in the “median” ratio

5.0% 8.93 6.7%

-1.8%

-2.1%

0%

-2.8%

8.37

8.32

8.53

8.54

0.6%

-2.4%

-0.2%

-2.6% 1,567

Group EBITDA

751

168

1,772

1,961

The remuneration of the CEO is capped, and without any change since 2012, regardless of the performance of the company. The Board of Directors is aware of the conditions of employment and remuneration of employees within the Groupe ADP and of the equity ratio between the remuneration of the Chairman and Chief Executive Officer and those of employees.

177

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