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

The economic relationship between hedged items and hedging instruments qualified as hedge accounting according to IFRS 9 May be analysed as follows:

Hedged item

Hedging instrument

Maturity date

Nominal value EUR

Maturity date

Variable rate / Fixed rate

Nominal value EUR

Hedging ratio

Type

Rate

Type

TAV Airports

LBUSD6M +3.00% LBUSD1M +0.95%

Interest rate swap CFH Interest rate swap CFH Interest rate swap CFH Interest rate swap CFH Interest rate swap CFH

LBUSD6M + margin / 2.60% LBUSD1M + margin / 2.32% EUR6M + margin / 0.37% EUR6M + margin / 2.13% EUR6M + margin / 1.3%

Bank loan

2022

4

2022

4

100%

Bank loan

2024

3

2024

5

183%

Bank loan

2025 EUR6M +4.95%

30

2025

30

100%

Bank loan

2028 EUR6M +5.50%

226

2026

201

89%

Bank loan

2031 EUR6M +4.50%

122

2031

109

90%

AIG

2023

LBUSD6M + margin

Interest rate swap CFH 2023-2025

LBUSD6M + margin / 5.05%

Bank loan

2025

174

146

84%

There was no ineffectiveness at 31 December 2021 in relation to the interest rate swaps.

EXCHANGE RISKS International participations expose the Group to exchange risk. The main risk of change relates to the variations of the euro currency compared to the Turkish lira, American dollar and Indian rupee. The currencies in which transactions are mainly denominated are euro, Turkish lira (TRY), American dollar (USD) and Indian rupee (INR), as well as few currencies from the Persian Gulf liked to American dollar with a fixed parity, e.g. Sudanese rial, United Arab Emirates dirham and the Oman rial.

In order to reduce exposure to exchange fluctuations, the Group has a hedging policy consisting of: ◆ implementing derivative instruments; ◆ neutralising exchange rate risk as far as possible by reducing the balance of revenue and expense in these currencies; ◆ if necessary making partial forward sales of dollars for residual balances.

The breakdown of financial assets and liabilities by currency is as follows:

As at 31 Dec. 2021

Other currencies

Euro TRY USD AED INR JOD

(in millions of euros)

Other non-current financial assets

972

528

14

221

6

- - -

- -

203

Contract assets Trade receivables Other receivables 1

9

2

-

-

-

7

827

713

8 5

37 37

3 3

38

28 41 10 35

171

82

1

2

Other current financial assets Cash and cash equivalents TOTAL FINANCIAL ASSETS

193

153

1

11

-

-

18

2,379 2,213

3

38

2

4 5

84

4,551

3,691

31 12

344

14

142

324

Non-current debt Contract liabilities

9,144 8,968

147

- -

1

- -

16

5

3

-

-

- -

2

Trade payables

785

563

8

13

3

171 28

27

1,571 1,169

1,364

17

87

1 1

3

71

Other debts and other non-current liabilities 1

Current debt

863

3

302

-

-

-

TOTAL FINANCIAL LIABILITIES 116 1 Other receivables and other debts exclude all accounts which do not constitute, within the terms of IAS 32, contractual rights and obligations, such as tax and social security debts or receivables. 12,674 11,761 40 549 5 4 199

344

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