ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP 1 GROUP ACTIVITIES

SURCHARGE FOR THE EQUALISATION SYSTEM Lastly, a surcharge per departing passenger is paid into an equalisation system, which contributes towards funding these public services at smaller French airports whose annual traffic is less than 5 million units, one unit of traffic being equal to one passenger or 100 kilograms of cargo or mail loaded or unloaded. This increase is provided for in paragraph IV bis of article 1609 quatervicies which provides that: “From 1 January 2010, the airport tax rate per passenger is subject to a set increase, up to a limit of €1.25, by joint decree of the minister responsible for the budget and the minister responsible for Civil Aviation. The upper limits of the tariffs indicated in IV do not take this surcharge into account”. The tariff of the surcharge on the civil aviation tax for Aéroports de Paris’ airports (Paris-Orly, Paris-CDG, Paris-Le Bourget and the civil airfields for general aviation) was set at €0.90 per passenger from 1 April 2019, by decree of 25 March 2019 setting the list of airports and airport groups and the tariff for the civil aviation tax applicable to each one as well as the civil aviation tax surcharge. Since the Amending French Finance Act for 2013 (Act No. 2013 1279 of 29 December 2013 amending article 1609 quatervicies of the French General Tax Code), Aéroports de Paris, as a group of airports, no longer benefits from the equalisation system for the funding of security measures for the Pontoise, Toussus-le-Noble and Issy-les-Moulineaux airports. USER FEES Article 179 of the 2019 Finance law No. 2018-1317 of 28 December 2018 amended article 1609 quatervicies of the French General Tax Code, which governs the civil aviation tax, by stipulating that for each class 1 and 2 airport or group of airports for which the annual costs per departing passenger eligible for financing by the tax are greater than or equal to €9 on average over the last three known civil years, the tariff of the civil aviation tax is set so as to cover 94% of the eligible costs supported by its operator, from 1 April 2019. Aéroports de Paris comes under the scope of application of this provision. The Company operates a group of class 1 airports for which the annual costs per passenger eligible for financing by the tax exceeded €9 on average over the last three known civil years. As a result, from 1 April 2019, 6% of the costs attributable to tasks covered by the tax are borne by Aéroports de Paris. Based on Aéroports de Paris SA’s security costs of between €500 million and €600 million per year in the coming years, the impact of this co-payment on the company’s operating income amounts to between approximately €30 million and €35 million per year. The Group continues to invest in safety/security at the Paris airports. The most significant investments in the coming years concern the deployment of EDS detection equipment 1 to standard 3 at Paris-Charles de Gaulle, as well as perimeter protection measures at Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. ADVANCES TO AIRPORT OPERATORS AFFECTED BY THE COVID-19 CRISIS FOR SAFETY-SECURITY EXPENSES Faced with the decline in air traffic impacting airport tax revenues, Aéroports de Paris was able to benefit in 2020 from €121.8 million of the total amount of €300 million of the “advances to operators programme for airports affected by the Covid-19 crisis in respect of safety and security expenses” in order to finance operating

and investment expenses relating to safety and security missions falling within the scope of article 1609 quatervicies of the General Tax Code. The programme is continuing in 2021, in accordance with article 96 of Finance Law No. 2020-1721 of 29 December 2020 for 2021. The share allocated to Aéroports de Paris amounted to €118.9 million of the total credit of €250 million. The terms of payment and repayment of this advance are set by agreement with the France Trésors agency and the DGAC. The income from the airport tax will contribute to the repayment of the principal and to the payment of the interest of the advances thus granted by the State in accordance with the amendments made in this respect to the Decree of 30 December 2009 on the methods of declaration of the airport tax. 1.1.2.4 Outlook Groupe ADP anticipates a gradual return of traffic to pre-crisis levels over the coming years. Thus, the level of traffic reached in 2019 at Paris Aéroport should be recovered between 2024 and 2026 and exceed that of 2026. The growth in air traffic will continue over the long term due to the continued economic development of the regions, the growth of the global middle class and, in particular, its propensity to travel, and the positioning of Paris as a leading tourist and business centre. The group expects this growth in traffic volume to be accompanied by a gradual change in the traffic mix in favour of international, which creates more value for the group. The more reasoned use of aircraft and the increasing use of other modes of transport on short and medium-distance journeys should naturally contribute to reducing the share of the domestic and Schengen routes in favour of international routes (excluding Europe) which contribute more to the total traffic at Paris Aéroport. This outlook does not take into account Groupe ADP’s strategy of making its platforms multimodal hubs, which should further strengthen this development.

150

120

42%

44%

46%

90

49%

49% 48%

60

58%

54% 56%

56%

30

51%

51% 52%

52%

48% 44%

0

2021

2019

2025

2035

2024

2020

2030

2040

International National & Schengen

1 Explosive Detection System.

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