ADP // 2021 Universal Registration Document

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

Revenue and net income of Groupe ADP break down as follows:

Revenue

EBITDA

of which inter-sector revenue

of which inter-sector revenue

2021

2021 1,028

2020

2020

(in millions of euros)

Aviation

1

860 645 225 280 441 299 16

1

30

(124)

Retail and services

825

157

123

245

90

Including SDA

311 36

- -

- -

(2)

(47) (10)

Including Relay@ADP

-

Real estate

278 726 518 159 170

50

49 23

294 156 144

173

International and airport developments

8

7

Including TAV Airports

- -

1 -

21

Including AIG

77

43 26

8

Other activities

34

146

39

25

Eliminations and internal results

(250) 2,777

(250)

(235) 2,137

(235)

-

(3) 168

TOTAL

-

-

751

Share of profit or loss in associates and joint ventures

Amortisation and impairment of tangible and intangible assets

Operating income from ordinary activities

6

2021 (374) (147)

2021

2021 (343)

2020 1 (393) (262)

2020

2020 (516) (177) (119)

(in millions of euros)

Aviation

- - - - -

-

Retail and services

(5)

98

Including SDA

(14)

(72) (39) (56)

- - -

(16)

Including Relay@ADP

(4)

(3)

(50)

Real estate

(59)

235

117

International and airport developments

(123) (99)

(344)

(61) (21)

(214)

(28)

(551) (150) (239)

Including TAV Airports

(97)

(74)

24 20

Including AIG

(23)

(247)

-

-

Including GMR Airports Ltd

-

-

(24)

(75)

(24)

(75)

Other activities

(16)

(16)

- -

(1)

9

6

Eliminations and internal results

-

-

-

-

(2)

TOTAL

(719)

(1,071)

(61)

(220)

(29)

(1,123)

1 Including an impairment for €252 million on segment international, an impairment for €80 million on segment retail and services.

In 2021, Groupe ADP’s consolidated revenue amounts to €2,777 million, an increase of 29.9%, mainly due to the traffic recovery on: ◆ revenue of TAV Airports, up by + €219 million, at €518 million, due to the inclusion of revenues from the Almaty airport management company as of 1 May 2021, for €105 million; ◆ revenue of AIG, in increase of + €82 million, at €159 million;

◆ revenue from the Retail and services segment of +27.8%, at €825 million, despite restrictions on the opening of non essential businesses between March 20 and 19 May 2021, and from the Aviation segment, up +19.5%, at €1,028 million. Inter-segment eliminations amounted to -€250 million in 2021, compared with - €235 million in 2020. The Ebitda of the real estate segment takes into account the return to full ownership of assets from construction leases for 109 million euro (see note 4.3).

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