ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP 1 GROUP ACTIVITIES

1 .1 .2 AVIATION ACTIVITIES - PARIS REGION AIRPORTS

The aeronautical activities include all the activities carried out by Groupe ADP as airport operator of the three main airports in the Paris region (see Section 1.2.1 “Overview of the Paris region airports”).

2021 1,028

2020

2021/2020

(in millions of euros)

Revenue

860

+19.5% +25.2% +25.6% +23.5% +26.5% +26.5% +12.0%

Airport fees

527 273 147 107 106 365

421 218

Passenger fees Landing fees Parking fees

119 84 83

Ancillary fees

Revenue from airport safety and security services

326

Other income

31

30

+2.2%

EBITDA

30

(124) (516)

+€154 million +€173 million

Operating income from ordinary activities

(343) 3.0% -33.6%

EBITDA/Revenue

-14.4% -60.0%

+17.4 pts +26.4 pts

Operating income from ordinary activities/Revenue

1.1.2.1 Definition of the regulated scope In accordance with article L. 6325-1 of the French Transport Code, the amount of fees takes into account the return on capital employed for a scope of activities stipulated by regulation for each airport, assessed based on the weighted average cost of capital estimated using the financial assets valuation model, available market data and parameters considered for companies engaged in comparable activities. This scope of activities, called the regulated scope, is now defined by the decree of 16 September 2005 relating to fees for services rendered in airports. The performance of the regulated scope is assessed by comparing the weighted average cost of capital to the return on capital employed (RCE or ROCE), calculated as the operating income of the regulated scope less the standard corporate tax relating to the regulated asset basis (net book value of tangible and intangible assets relating to the regulated scope, plus the working capital requirement for this scope). As at 31 December 2020, the ROCE of the regulated scope was -8.08%. Regulatory operating income for fiscal year 2020 was -€457 million, and the regulated asset base at 31 December 2020 was €5,650 million. Since 1 January 2011, the regulated scope includes all the activities of Aéroports de Paris within the airports in the Paris region, with the exception of: ◆ activities financed by the airport tax, i.e. mainly security services, prevention of animal hazards, and aircraft rescue and fire-fighting services (SSLIA) 1 ; ◆ retail businesses and services; ◆ land and real estate businesses not directly related to aviation activities or “real estate diversification” activities; ◆ management by Aéroports de Paris of noise reduction projects for local residents 2 ;

◆ ground-handling service activities falling within the competitive field; ◆ other activities unrelated to the activity of the Paris region airports.

Regulated scope at 31 December 2020 (in millions of euros)

2020 (457)

2019

Regulated operating profit

458

Regulated asset base1 REGULATED ROCE

5,650 5,693 -8.08% 5.27%

1 Including subsidies.

1.1.2.2 Fees The specifications of Aéroports de Paris, approved by Decree No. 2005-828 of 20 July 2005, set out the company’s public service obligations and the procedures for monitoring these obligations by the French State. This airport public service activity is also governed, with respect to fees, by the French Transport Code and the French Civil Aviation Code. Airport fees Airport fees include passenger fees, landing fees and parking fees: ◆ the passenger fee is based on the number of passengers boarded. They are due for all departing flights other than for passengers in direct transit (leaving on the same aircraft with the same flight number), crew members working on the flight and children under two years of age. Its price varies according to the destination of the flight. A discount of 40% on the base fare is applied for connecting passengers. Revenue from passenger fees stood at €273 million in 2021 compared with €218 million in 2020;

1 See also section 1.1.2.3 "Security". 2 See also Chapter 4 “Declaration of extra-financial information”.

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