ADP // 2021 Universal Registration Document

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

Present value of employee benefit obligation

Net actuarial liability

Fair value of plan assets

(in millions of euros)

As at 1 Jan 2020

525

- - - - - - - - - - - - - - - - - - - -

525

Service costs for the period

32

32

Interest costs

5 9

5 9

Actuarial gain/(loss) in the period

Reduction/curtailment

(11)

(11)

Reduction/curtailment / Termination benefits

208

208

Change in consolidation scope Cash flows: Payments to beneficiaries

-

-

(13)

(13)

Contributions paid

(2) (5)

(2) (5)

Other changes

As at 31 Dec. 2020

748

748

Service costs for the period

60

60

Interest costs

3

3

Actuarial gain/(loss) in the period

(31)

(31)

Reduction/curtailment

-

-

Reduction/curtailment / Termination benefits

(110)

(110)

6

Cash flows: Payments to beneficiaries

(8)

(8)

Contributions paid

(1)

(1)

Other changes

(7)

(7)

AS AT 31 DEC. 2021

654

654

5.3.2 Assumptions and sensitivity analysis The main assumptions used are as follows:

France 0.90%

Turkey 18.60% 14.00% 15.00%

Jordan

As at 31 Dec. 2021

Discount rate / Expected rate of return on plan assets

5.90%

Inflation rate

1.80%

N/A

Salary escalation rate (inflation included) Future increase in health care expenses

1.80%-3.35%

3.20%

2.55%

N/A

N/A

Average retirement age

62-65 years

51-52 years

55-60 years

As at 31 Dec. 2020

France 0.50% 1.80%

Turkey 13.00% 9.00% 10.00%

Jordan 5.90% 2.50% 3.20%

Discount rate / Expected rate of return on plan assets

Inflation rate

Salary escalation rate (inflation included) Future increase in health care expenses

1.80%-3.35%

2.55%

N/A

N/A

Average retirement age

62-65 ans

51-52 ans

55-60 ans

319

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