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

15.3 Commitments granted and received Off-balance sheet commitments and contingent assets and liabilities are presented below:

As at 31 Dec. 2021

As at 31 Dec. 2020

(in millions of euros)

Guarantees

493

361

Guarantees on first demand

16

19

Irrevocable commitments to acquire assets

237 150 896

410 164 954 100 503 691 88

Other

Commitments granted

Guarantees

171 96

Guarantees on first demand

Other

3

Commitments received

270

Aéroports de Paris SA Guarantees correspond mainly to securities accorded to loans to staff members, as well as guarantees accorded by Aéroports de Paris SA on behalf of ADP Ingénierie for the benefit of different customers of its subsidiaries. Compared to the 31 December 2020 (€410 million), irrevocable commitments to acquire assets decreased by €173 million. This decrease in off-balance sheet commitments on fixed asset acquisitions is due to a combination of two effects: ◆ on the one hand, the natural decrease in commitments due to the progress of projects during the year 2021; ◆ on the other hand, a relatively low level of new commitments in the medium term, taking into account the Covid-19 pandemic and the consequences on investments. The main investments made in 2021, which contributed to the decrease in the amount of off-balance sheet commitments, are as follows: ◆ the purchase of standard 3 hold baggage inspection equipment in accordance with European regulations at Paris-Charles de Gaulle and Paris-Orly; ◆ the construction of the international satellite junction of terminal 1 at Paris-Charles de Gaulle; ◆ the extension of the India areas at Paris-Charles de Gaulle; ◆ the construction of a connecting baggage sorter under Hall M of CDG 2 (TBS4); ◆ the works in preparation for the construction of the future Grand Paris station at Paris-Orly; ◆ the renovation of runway 3 at Paris-Charles de Gaulle. The Group’s employee benefit commitments are presented in note 5. The commitments received are mainly guarantees from the beneficiaries of AOTs (temporary authorisations to occupy public property or Autorisation d’Occupation Temporaire du domaine public ), civil code leases, commercial concessions and suppliers. In addition, pursuant to article 53 in the operating specifications of Aéroports de Paris SA, the minister in charge of Civil Aviation has a right of refusal regarding any contribution, disposal or grant

of security involving certain plots of land – and the assets on such land – belonging to Aéroports de Paris SA. The lands concerned by this provision are listed in those same operating specifications. The law of 20 April 2005 provides that in the event of a partial or total shutdown of air traffic at one of the airports owned by Aéroports de Paris SA, 70% of the capital gain due to the difference between the market value of the assets and the book value thereof must be paid to the French government. This provision relates in particular to the General Aviation Aerodromes. ADP Ingénierie and ADP International Guarantees on first demand have been given only by ADP Ingénierie and ADP International as part of the execution of their international contracts. TAV Airports Commitments given by TAV Airports and its subsidiaries amount to €491 million as at 31 December 2021 and are mainly letters of guarantee: ◆ given mainly to third parties (customs, lenders and customers), to the General Directorate of State Airports Authority (DHMI) as well as Saudi Arabian, Tunisian and Macedonian governments; ◆ issued from Build – Operate – Terminate agreements (BOT agreements), from concession agreements and lease contracts. MAIN GUARANTEES GIVEN TO DHMI TAV Ege and TAV Milas Bodrum are both obliged to give a letter of guarantee at an amount equivalent to €37 and €43 million each to DHMI. MAIN GUARANTEES GIVEN TO GACA (GENERAL AUTHORITY OF CIVIL AVIATION) IN SAUDI ARABIA The Group is obliged as 31 December 2021 to give a letter of guarantee at an amount equivalent of $13 million ( i.e. €12 million) to GACA according to the BTO agreement signed with GACA in Saudi Arabia, as well as a letter of guarantee equivalent of $163 million ( i.e. €144 million) to National Commercial Bank which is included in letters of guarantee given to third parties. In January 2022, the Group paid the equity bridge loan, $149 million of the letter of guarantee given to National Commercial Bank is no longer valid.

362

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