ADP // 2021 Universal Registration Document

F I NANC I AL I NFORMAT I ON 6 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

In 2020, impairments and provisions were mainly due to impairments of loans granted to equity affiliates whose results are no longer recognized.

In 2021, financial income also includes impairment of loans granted to equity affiliates whose results are no longer recognized (see note 4.9.1), as well as other financial income related to the restructuring of TAV Tunisie debt.

Gains and losses by category of financial instruments are as follows:

2021 (280) (248)

2020 (256) (242)

(in millions of euros)

Income, expenses, profits and loss on debt at amortised cost

Interest charges on debt at amortised cost Interest expenses linked to lease obligations

(5) (8)

(5) (8)

Net interest on derivative instruments held as cash-flow hedges

Change in value of fair value hedging instruments

(21)

2

Change in value of hedged items

2

(3)

Gains and losses of financial instruments recognized at fair value in the income statement

(5) (5)

- -

Gains on cash equivalents (fair value option) Profits and losses on assets held for sale

9 9

6 7

Dividends received

Gains (losses) on disposal

-

(1)

Other profits and losses on loans, credits and debts and amortised cost

61

(135)

Net foreign exchange gains (losses)

9

(26)

Other net profit or losses

98

16

Net allowances to provisions

(46)

(125)

Financial allowances to provisions for employee benefit obligations Financial allowances to provisions for employee benefit obligations

(3) (3) 67

(5) (5)

Total other financial income and expenses

(134) (390)

TOTAL NET GAINS (NET LOSSES) RECOGNIZED IN THE INCOME STATEMENT

(218)

Change in fair value (before tax) recognized in equity

80 80

(2) (2)

TOTAL NET GAINS (NET LOSSES) RECOGNIZED DIRECTLY IN EQUITY

The restructuring of TAV Tunisia’s debt finalized in February 2021 and contributes for €118 million profit to this financial result (€109 million net of deferred tax). This amount, booked in other financial income, breaks down as follows: ◆ €93 million corresponding to the debt write off of TAV Tunisia; ◆ €53 million relating to the revaluation at fair value of lenders’ “titres participatifs”; and

◆ -€28 million corresponding to the recycling in profit or loss of the cash flow hedging reserve recognized in equity in other comprehensive income. The new senior debt after restructuring stands at €234 million. It bears interest at EURIBOR +3% and must be fully repaid by 2034 at the latest. As regards to the titres participatifs held by the lenders, these have a nominal value of €77 million. Their remuneration consists of an annual fixed interest of 8% and a variable part based on the distributable cash flows of TAV Tunisia.

9.4 Financial debt

The effective rate corresponds to the rate that enables to obtain the booked value of a bond at its initial date, when discounting future cash flows related to the instrument. Financial debts with maturities greater than one year are recognizedasnon-current debt. Financial debtsdue for repayment within less than one year are recognized as current debt.

Bond issues and other interest-bearing liabilities are initially recognized at their fair value, which corresponds to the amount received, less attributable transaction costs, such as issue premiums and expenses. Subsequently, the debt is recognized according to the method of the amortised cost using the effective interest rate of the instrument.

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