ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP 1 GROUP ACTIVITIES

activities. The company is 49%-owned by Aéroports de Paris, 49% by Lagardère Travel Retail, and 2% by Société de Distribution Aéroportuaire. Groupe ADP uses a revenue per passenger indicator (Sales/ Pax) to better differentiate retail performance, reflected in the revenue from the airside shops, and the performance resulting from the airport manager’s retail negotiations, as reflected in rental income. It is calculated as the total sales of airside shops divided by the number of departing passengers (20.8 million passengers in 2021). In 2021 it amounted to €21.6 3 .

Aéroports de Paris has chosen to operate these businesses through Société de Distribution Aéroportuaire 1 , which it co owns with Lagardère Duty Free (a company of the Lagardère Group), and which operates the Beauty, Alcohol and Tobacco activities as well as part of the Gourmet Food and Fashion & Accessories business; ◆ leisure and convenience activities: Newsagents, Bookshops, Photo-Video-Sound, Souvenirs, Convenience and Gifts, Toys and Pharmacies. A subsidiary, Relay@ADP 2 , covering part of this scope has been in existence since 4 August 2011. It runs the Newsagents, Bookshops, Convenience and Souvenirs

2021

2020

2021/2020

(in euros)

Duty Free

39.1

34.4

+13.7% +13.6% +13.0%

Duty Paid zone

9.1

8.0 19.1

TOTAL

21.6

Bars and restaurants Aéroports de Paris receives income from the operators of bars and restaurants, essentially based on the revenue from the business in question. For Aéroports de Paris, revenue from retail activities is therefore closely linked to the gross revenue received by these operators. Until 2015, the bars and restaurants were mainly operated by third parties, although Relay@ADP opened a first restaurant unit under the Kayser brand in December 2012. As of 1 February 2016, a retail subsidiary, EPIGO 4 , 50%-owned by Aéroports de Paris and 50%-owned by Select Service Partner (SSP), became a fast food operator in several terminals at Paris-Charles de Gaulle. At Paris-Orly and Paris-Charles de Gaulle, the bar and restaurant business is managed by several operators. In March 2021, ADP indirectly bought back 100% of the shares of BTA France from BTA. BTA France operated the food and beverage outlets in the public and reserved areas of Terminal 3 at Orly. BTA France has been renamed Extime Food & Beverage Paris. As the joint venture model has proven its worth and has enabled the various retail and catering activities to develop strongly by relying on the expertise of an industrial partner, a consultation was launched in April 2021 to find a co-shareholder for Extime Food & Beverage Paris. Select Service Partner (SSP) was chosen at the end of this procedure and will acquire, subject to the authorisation of the competition authority, an equal share in the capital of Extime Food & Beverage Paris with Aéroports de Paris. This joint venture is intended for the development and operation of a majority of the catering outlets at Paris-Charles de Gaulle and Paris-Orly airports, and will make it possible to build a strong brand portfolio while continuing to invest and modernise the existing outlets. It is expected that this entity will eventually bring together more than a hundred points of sale for a period of approximately 11 years and for estimated revenue of €1.8 billion over the period.

Advertising Advertising at Groupe ADP airports is managed by Média Aéroports de Paris SAS, a French simplified joint stock company created in June 2011 and 50% co-owned by Groupe ADP and 50% by JC Decaux France SAS. The company has been fully consolidated since 2016. The primary function of Média Aéroports de Paris is to operate and market advertising space and, additionally, to run a television network dedicated to passenger/ airport relations, notably at airports operated by Groupe ADP in the Paris region. The governance procedures, and the procedures for excluding the joint partner, are comparable to those applicable to Société de Distribution Aeroportuaire 5 . Banking, foreign exchange, car rentals and other retail activities Aéroports de Paris receives revenue from car rental companies, banking and foreign exchange activities and several for-fee services (luggage wrapping and storage…). Commercial income is based on airport revenues. Rental income comes from leases for non-retail space within the terminals. Parking and mobility This activity covers parking in car parks (passengers and employees), passenger transport and pick-up (drop-off, VTC parking) as well as concessionaires (rental companies and petrol stations). The infrastructure relating to this scope of activity represents approximately 47,000 spaces spread over 31 car parks (28,000 spaces in 14 parks at Paris-Charles de Gaulle, 19,000 spaces in 17 parks at Paris-Orly), 11 drop-off centres, 10 professional car parks and 4 rental car parks. This activity generated a total of €105 million in revenue in 2021, including €90 million in car parks and access and €15 million in lease payments for the benefit of rental companies and petrol stations calculated as a percentage of the revenue generated by retailers on our platforms.

4 For more details, see the description of EPIGO in Section 1.1.3.7 of this document. 5 For more details, see the description of Société de Distribution Aéroportuaire in Section 1.1.3.7 of this document. 1 For more details, see the description of Société de Distribution Aéroportuaire in Section 1.1.3.7 of this document. 2 For more details, see the description of Relay@ADP in Section 1.1.3.7 of this document. 3 The definition of Sales/Pax will change in 2022. For more details, see Section 1.1.3.3 of this document.

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