ADP // 2021 Universal Registration Document

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

Book value as at 31/12/2021

Interest rate as per contract 2

Remaining capital to be paid

Fair value as at 31/12/2021

Nominal value

Currency

in currency Term 1

(in millions of euros)

AIG Bank loans Bank loans Bank loans Bank loans Bank loans

USD USD USD USD USD

160 2023 180 2024 50 2025 48 2026 46 2028

2.000% 2.130% 6.250% 3.750% 4.250%

61

54 83 44 28

56 87 49 32 35

94 50 32 35

31

ADP International Americas Bank loans

USD

9 2026

1.952%

9

8

9

TAV Airports Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans Bank loans

EUR EUR EUR EUR EUR EUR EUR EUR TRY TRY TRY USD USD USD

284 2022 300 2023 13 2024 65 2025 3 2027 250 2028 154 2031 234 2034 32 2022 14 2023 12 2024 22 2022 7 2023 8 2024

3.410% 3.160% 3.630% 4.760% 2.650% 3.950% 4.500% 3.000% 16.670% 14.750% 14.500% 5.340% 5.380% 3.180%

213

213

218

240

240

247

12

12

12

33

33

37

2

2

2

220

220

272 155 298

122

122

240

240

6

29

2

2

11

1 1

1 1

12

8 9 5

7 8 4

7 8 4

TOTAL

9,862

11,115

-

1 The difference between the initial nominal value and the remaining capital is linked to the amortization of certain loans. 2 For the other loans contracted by ADP SA and the bank loans contracted by AIG and TAV Airports, the interest rate disclosed in the table correspond to the average rate during the period, computed for the bank loans with a variable rate on the basis of Euribor rate, floored at 0% if the rate is negative, or USD 1 month Libor rate at 0.10% and USD 6 month Libor rate at 0.16% as at 30 December 2021. These loans are aggregated based on their maturity. The fair value (M-to-M) is a value calculated by discounting future cash flows excluding accrued interest. This value does not include the Aéroports de Paris SA’credit spread.

9.5 Financial instruments

Derivative financial instruments As part of its interest rate risk on mid and long-term liabilities managing policy, the Group uses derivative financial instruments. These consist of interest rate swaps and cross-currency swaps matched with bond issues and bank loans. Interest rate swaps are initially and subsequently valued in the balance sheet at their fair value through the income statement. Changes in the fair value of derivative instruments are recognized through the income statement, with the exception of particular cases in respect of hedge accounting set out below. Where a financial instrument can be qualified for hedge accounting, it is valued and accounted for in accordance with hedge accounting criteria contained in IFRS 9:

◆ if the derivative is designated as a cash flow hedge, changes in the value of the effective part of the derivative are recorded in other elements of the comprehensive income statement and are presented in fair value reserves within equity capital. They are taken to the income statement when the hedged item is itself recognized in the income statement. Conversely, the ineffective part of the derivative is recognized directly in the income statement. Where the hedged transaction is a future debt issue, the reclassification to the income statement is carried out over the term of the debt issue, once the issue has taken place. When the forecasted transaction leads to the recognition of a non-financial asset or liability, the cumulative changes in the fair value of a hedging instrument formerly recognized through shareholders’ equity are included in the initial valuation of the asset or liability in question;

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