ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP 1 GROUP ACTIVITIES

1 .1 .4 REAL ESTATE - PARIS REGION PLATFORMS

2021

2020

2021/2020

(in millions of euros)

REVENUE

278 227

280

-1.0% -1.7% +2.3%

External revenue Internal revenue

231

50

49

EBITDA

294 235

173 117

€121 million

OPERATING INCOME FROM ORDINARY ACTIVITIES

€118 MILLION

1.1.4.1 Business overview Non-terminal real estate activity is a strategic development axis and has become a focus for growth for the group with an economic cycle that differs from that of Groupe ADP’s other activities. The strong growth potential, resulting from the Company’s substantial real estate reserves (343 hectares), a density that is nevertheless still low in certain areas, and the medium and long-term reversion potential of land occupied, is an important driver for the creation of value for Groupe ADP. Groupe ADP acts throughout the value chain to enhance the value the land: ◆ as both landowner and developer, Groupe ADP prepares the layout and servicing for land that it then makes available to investors or users, who pay rent; ◆ Groupe ADP also acts as a developer and investor, managing real estate projects to meet its own needs and those of companies seeking to establish operations within its airports; ◆ as a property owner, Groupe ADP manages its assets (commercial strategy, remodelling and renovation), its rentals (marketing, tenant relations, rents and charges, regulatory obligations and maintenance and repair management) and offers additional services to tenants (repairs, security and cleaning). There are two complementary categories of real estate assets: ◆ airport real estate includes land and buildings intended for aviation activities outside the terminals or requiring direct

access to runways, such as aircraft maintenance hangars, frontline cargo courier services and industrial buildings (catering, etc.); ◆ diversification real estate, which includes land and buildings that do not have direct access to runways, or for which this access is not essential to the operation of the activity, such as offices, hotels, retail and business premises, logistics premises and warehouses. These real estate activities have been excluded from the regulated scope since 1 January 2011. Groupe ADP provides these real estate services to customers in various business sectors, such as Air France-KLM, FedEx, Unibail Rodamco, Audi, Volkswagen, Accor, IHG, Marriott, Hilton, La Poste, Bolloré Logistics, Kuehne + Nagel, DHL, Panalpina, Auchan group, Casino, Dassault, Servair, etc. The top ten customers accounted for nearly 60% of external revenue in 2021. Leases are mainly long term, thus limiting rental risk. At 31 December 2021, over 50% of leases by value had a maturity date of ten years or more. For leased land, building and long-term leases may have a term of as long as 70 years. For leased buildings, the leases are commercial or civil. The land portfolio dedicated to real estate activity Aéroports de Paris owns its entire land portfolio, which extends over 6,686 hectares, of which 4,627 hectares are reserved for aviation, 820 hectares are areas that cannot be exploited, and 1,239 hectares are dedicated to real estate activities.

The area available for real estate in 2021 break down as follows:

Aeronautical

Diversification

Total 1,239

(in hectares)

AREAS DEDICATED TO REAL ESTATE

439

799 292 254 253

49

340 488

Land reserves 1

Land used for ADP buildings Land leased to third parties

234

157

410

1 Areas of building land reserves (net of biodiversity and ongoing projects).

68

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