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 5 INVESTMENTS

Investments by TAV Airports amounted to €22 million. The main investments were as follows: ◆ modernization and extension works at Almaty airport in Kazakhstan; ◆ mandatory investments under concession contracts in North Macedonia; ◆ investments by TAV OS in airport lounges in Bergamo, New York and Paris-Charles de Gaulle; ◆ investments relating to the renovation and treatment of the dilapidated condition of the apron, runway and terminal at Ankara in Turkey. Investments by AIG, the concessionaire for Queen Alia International Airport in Amman, amounted to €8 million. Investments mainly related to the extension of the baggage sorter. Investments by commercial subsidiaries amounted to €8 million. The main investments were as follows: ◆ the continuation and finalization of the installation and fitting out of the shops linked to the junction of terminal 2B with terminal 2D, by the Société de Distribution Aéroportuaire and Relay@ADP; ◆ the first part of the installation of advertising devices within the junction of terminal 2B with terminal 2D, by Média ADP; ◆ the continuation of work to fit out the shops in the new commercial area in the international departure area at Orly 4, by the Société de Distribution Aéroportuaire and Relay@ADP; ◆ the creation of the company Extime Food & Beverage, which has begun planning studies for its central kitchen in the Roméo area at Orly. Investments by the real estate subsidiaries amounted to €27 million. The main investments were as follows: ◆ the hotel project under the easyHotel brand to the south of the Aéroville shopping centre on the Paris-Charles de Gaulle platform, by SAS Hôtels Aéroportuaire; ◆ the Courtyard & Residence Inn by Marriott under construction located in the heart of the RoissyPole Ouest district, by SAS Hôtels Aéroportaires; ◆ the completion of the restructuring of the former Air France premises and the interior fittings for the Groupe ADP’s own needs, by the ADP Immobilier Tertiaire. Hub One’s investments totalled €18 million. The main investments were as follows: ◆ LTE (Long Term Evolution), a professional 4G/5G mobile network; ◆ customer investments (terminals, networks, etc.) for leasing; ◆ other telecoms infrastructures. Aéroports de Paris fully funds its investment programme, primarily through operating cash flow, and medium- to long-term debt as needed. For 2020, the proportion of medium- to long term debt is higher than cash flow.

In the context of the Covid-19 pandemic and its consequences on the air transport sector, the assumptions made in the Groupe ADP proposal for the 2021-2025 Economic Regulation Contract (CRE 4) have been rendered obsolete, both in terms of the targeted financial balance and the proposed industrial development project. The Groupe ADP has therefore noted that the public consultation document for the CRE 4 has lapsed and has decided not to continue the procedure for drawing up the contract initiated on 2 April 2019. This contract determined in particular the investments to be made by Aéroports de Paris within the regulated perimeter during this period. A new plan will be drawn up once all the conditions of industrial and financial visibility have been met. In 2021, investments in property, plant and equipment and intangible assets amounted to €440 million for the parent company (689 million euros in 2020), including 316 million euros for the regulated scope (463 million euros in 2020), and 87 million euros for its subsidiaries (160 million euros in 2020). For Paris-Charles de Gaulle Airport: ◆ the construction of the international satellites junction of terminal 1; ◆ the purchase of standard 3 hold baggage screening equipment related to European regulation; ◆ the construction of a connecting flight baggage sorter under the hall M of CDG 2 (TBS4); ◆ the preparatory works for the construction of the CDG Express; ◆ the replacement of the central structure roofing of terminal 2E; ◆ the consistency of terminal 2D with the junction BD; ◆ the staging of the boarding lounge of terminal 1 junction building. For Paris-Orly Airport: ◆ the works in preparation for the construction of the future Grand Paris station; ◆ the East baggage handling system compliance in Orly 4; ◆ the restructuring of hall B and pre-gangway D08 at Orly 4; ◆ the renovation of the aeronautical infrastructure of the W42/ L42 traffic routes; ◆ the redevelopment of the aeronautical traffic routes to the south of Orly 4. For Paris-Le Bourget Airport and general aviation aerodromes, investments mainly concerned the creation of a new SSLIA barracks. In 2021, Aéroports de Paris SA made investments in its support functions and projects common to the platforms, including IT. ◆ the refurbishment of runway 3; ◆ the extension of the India areas;

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