ADP // 2021 Universal Registration Document

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

MAIN GUARANTEES GIVEN TO OACA (OFFICE DE L’AVIATION CIVILE ET DES AÉROPORTS) IN TUNISIA The Group is obliged as of 31 December 2021 to give a letter of guarantee at an amount equivalent of €9 million to the Ministry of State Property and Land Affairs and €9 million to OACA according to the BOT agreements and its amendments signed with OACA in Tunisia. MAIN GUARANTEES GIVEN AND RECEIVED FOR ALMATY SPA Claim Guarantee: This guarantee is related with any financial claims raised for the period before the terminal handover to the Group. The Group guarantee that if there are any financial claims such as tax penalty, court claim etc, the Group is obliged to cover this loss. On the other hand, in case of such claims, the Group received a performance guarantee from the Seller amounting to USD 35 million to cover such losses. ENS Exist Guarantee: In case of any environmental or social breach, there is 12 months cure period to solve such issues. If the issues remain unsolved, the Group is obliged to refinance the loan from another bank group. It must be noted that this is a very unlikely situation, considering all lenders are DFIs such as IFC and EBRD, also government is committed to follow all environmental

and social policies of Lenders in the dead under the government support agreement. The group is obliged to fund shortfalls of AIA amounting up to USD 50 million until the later of 30 June 2025 or financial completion date. Financial completion date is defined as minimum 1.30 debt service coverage ratio and minimum two principal payments are made. The group provided a letter of credit amounting to USD 50 million to cover this obligation. EPC Completion Guarantee: This guarantee is triggered in case of EPC cost overrun. It must be noted that EPC cost is fixed under EPC contract as USD 197 million. On the other hand, the Group received 10% (USD 20 million) performance bond which covers the obligations of constructor under EPC Contract. Additionally, the Group received 15% (USD 29 million) advance bond from the constructor. MAIN GUARANTEES GIVEN FOR ANTALYA TAV Group is obliged to give a letter of guarantee for TAV Antalya Yatırım at an amount equivalent of €77 million to DHMİ. Half of this commitment will be delivered to the other shareholder of the company (Fraport) in 2022. The total obligation has been provided by TAV Group as at 31 December 2021.

NOTE 16 LITIGATIONS, LEGAL AND ARBITRATION PROCEEDINGS

6

In accordance with IAS 37 Provisions, contingent Liabilities are defined as: ◆ a potential obligation that arises from past events and whose existence will be confirmed only by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the Group; or ◆ a present obligation that arises from past events but is not recognized because: ◆ it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation, or ◆ the amount of the obligation cannot be measured with sufficient reliability.

TAV/HERVE litigation on the definitive general account of the work relating to the construction of the head office The construction consortium (TAV Construction and Hervé SA) which is actually on a court-ordered liquidation process since 1 September 2020 has filed a claim against Groupe ADP before the Tribunal de Grande Instance of Paris on 25 March 2019 to request the judge to order the Group to pay the sum of €95 million for the extra cost of the construction of the new head office of Groupe ADP. The Groupe is contesting this request. The case is still ongoing. Tax litigations Discussions are still underway regarding the rate of withholding tax applied to dividends received from foreign subsidiaries.

In the ordinary course of its business, Groupe ADP is involved in a certain number of judicial and arbitral proceedings. The Group is also subject to certain claims and lawsuits which fall outside the scope of the ordinary course of its business. The amount of provisions made is based on Groupe ADP’s assessment of the level of risk on a case-by-case basis and depends on its assessment of the basis for the claims, the stage of the proceedings and the arguments in its defense, it being specified that the occurrence of events during proceedings may lead to a reappraisal of the risk at any moment. Main litigations and arbitration proceedings presented below are accounted as liability or depending on the case constitute contingent liabilities or assets.

363

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