ADP // 2021 Universal Registration Document

BUS I NESS OVERV I EW FOR THE YEAR 202 1 AND FORWARD - LOOK I NG I NFORMAT I ON

INVESTMENTS

5 . 3 I NVESTMENTS

5.3.1 INVESTMENTS DURING THE PERIODS COVERED BY THE FINANCIAL INFORMATION PRESENTED

2021

2020

2019

(in millions of euros)

Capacity investments

144

212 124 202

279

Restructuring investments Renovation and quality Real estate development

32

157

158 156

383

45

67

Security

47 59

120

108

Cost of studies and supervision of works (FEST)

69 76

119

Others

(69)

167

GROUPE ADP INVESTMENTS IN PROPERTY, PLANT, EQUIPMENT AND INTANGIBLE ASSETS

527

848

1,280

5

Hence, investments have been made in terms of tangible and intangible assets for €527 million for Groupe ADP in 2021 (compared to €848 million in 2020).

As a result of the Covid-19 health crisis, travel restrictions, the implementation of protective measures and the use of part-time work, led to significant delays on all projects. In addition, the traffic outlook has been revised downwards compared to those established in 2020. Under these conditions, some investments have been postponed to a later date.

2021

2020

2019

(in millions of euros)

Regulated scope

316

463

706

Retail and other investments

58

102

180

Diversification real estate

13

6

23

Safety and security

53

117

120

ADP SA

440

689 831

1,029 1452

TAV Airports

22

AIG

8 8

8

41 18

Commercial subsidiaries Real estate subsidiaries

12

27 18

36 20

29

Hub One Hologarde

13

4

1 - -

4 0 0

ADP International ADP Ingénierie

-

0

GROUPE ADP INVESTMENTS IN PROPERTY, PLANT, EQUIPMENT AND INTANGIBLE ASSETS 1,280 1 Including the recognition of an intangible asset related to an amendment signed between TAV Macedonia and the government of the Republic of North Macedonia concerning the cancellation of the payments to be made under the concession contracts in 2020 and 2021, as well as the approval of an investment schedule to be carried out by TAV Macedonia. In addition, the government of the Republic of North Macedonia has extended the concession period in Skopje by 104 days and Ohrid by 107 days. The construction of the new cargo airport at Shtip was also cancelled in the signed amendment. 2 Including the recognition of an intangible asset linked to the renegotiation of the minimum payment to the granter regarding the concession contracts of Monastir and Enfidha. 527 848

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