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

5.3.2 ONGOING INVESTMENTS

Groupe ADP has no significant ongoing investments or for which firm commitments have already been made.

5.3.3 AÉROPORTS DE PARIS’ PROJECTED INVESTMENT PROGRAMME IN 2022-2025, EXCLUDING FINANCIAL INVESTMENTS

For the period 2022-2025, the Group’s tangible and intangible investments in constant euros will average nearly 1 billion euros per year, broken down as follows: ◆ ADP SA investments (regulated and non-regulated): between €550 and €600 million in 2022, between €750 and €800 million in 2023, between €650 and €750 million in 2024 and between €800 and €900 million in 2025. More than 50% of this investment program will be devoted to the maintenance of assets, regulatory compliance and safety and security. Environmental investments are also spread throughout the entire plan; ◆ investments by subsidiaries in Paris: a budget that includes an average of 140 million euros per year for the development of real estate projects in Paris over the period 2022-2025 (ADP SA subsidiaries); ◆ investments by international subsidiaries: an average of €90 million per year for the international subsidiaries TAV Airports and AIG over the period 2022-2025. The 2022-2025 programme does not take into account potential investments related to equity investments in France or abroad. This programme does not take into account the potential investments relating to CDG Express either, which will be

undertaken by the CDG Express infrastructure project management company, of which Aéroports de Paris owns one third of the capital. The total projected envelope of CDG Express is €2.2 billion, which will be covered in an amount of approximately €400 million in shareholders’ equity by shareholders of the project company, shared equally between Groupe ADP, SNCF Réseau and the CDC, and in the maximum amount of €1.8 billion by a loan from the French State. The State loan will be reimbursed using revenues from the infrastructure manager. As part of the “2025 Pioneers” strategic roadmap 1 , the group will, over the 2022-2025 period and beyond, prioritize a more sober investment policy, through three axes: ◆ optimizing the use of existing airport capacity, notably by digitizing the passenger experience and adapting platforms to changes in traffic and fleets; ◆ accompanying traffic growth at an appropriate pace and with a more sober development of capacity, by favoring more compact infrastructures as well as their modularity and flexibility; ◆ reduce the need for costly road infrastructure, in particular by improving public transport access to the hubs.

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5.3.4 INVESTMENTS IN JOINT VENTURES OR IN SIGNIFICANT HOLDINGS

The Group has not made any significant investments in joint ventures or significant shareholdings.

5.3.5 ENVIRONMENTAL IMPACT OF INVESTMENTS MADE AND IN PROGRESS

Investments specifically dedicated to the environment are intended: ◆ reducing greenhouse gas emissions and atmospheric pollutants on the platforms: strengthening the rail/air connection and soft traffic (which also helps reduce congestion), reinforcing the electrical network and deploying compatible hot/cold outlets to provide alternative means of powering aircraft auxiliary motors and charging stations for airside and landside electric vehicles;

◆ the development of locally produced renewable energies to reduce the carbon content of the energy distributed at the hubs: installation of a heat pump, photovoltaic panels and a new cooling plant at the Paris-Orly hub, and a new geothermal power plant at the Paris-Charles de Gaulle hub planned for the first doublet by 2026; ◆ continuing to control operating costs for the hub’s buildings (terminals and buildings) by renovating the envelope of existing structures, continuing to deploy metering systems,

1 As announced during the Investor Day of 17 February 2022 (see section 5.1 of this Document).

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