ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP

GROUP ACTIVITIES

a realistic assessment of the build potential by airport and type of activity and an understanding of development costs, thereby ensuring the financial viability of the projects. Therefore, based on the group’s estimates, together, the land reserves totalled constructible potential of approximately 1,468 million m 2 at the end of 2021: ◆ by 2023, development projects could concern around 108,000 m 2 of surface areas available for building; ◆ approximately 93% of the construction potential at end-2021 will still be available by 2023. These estimates for real estate developments by 2023 do not in any way constitute targets. They clarify the Group’s very short term vision, in line with the projects already initiated before the health crisis and, for some, redirected for future projects. Breakdown by type of development project for 2023:

Planned development projects are used for projects compatible with the urban planning rules in effect in the municipalities in question (SDRIF, CDT, SCOT, PLU, etc.) 1 and must be included in the airport ground plan. Constructible land reserves make up 340 hectares and are immediately available (11%), available in the medium-term (77%) or consist of land subject to a number of constraints that limit their immediate use (12%). Building land reserves decreased by three hectares at the end of 2021 and stood at 340 hectares compared to 343 hectares in 2020 mainly due to changes in the potential for change of certain plots and various adjustments to plans related to better knowledge of the situation of our real estate. Land leased to third parties was located at Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget airports as well as at civil airfields. More than 60% of the land leased to third parties is linked to airport activities at Paris-Charles de Gaulle airport, 23% at Paris-Orly airport, and 17% at Paris-Le Bourget and general aviation airfields. At 31 December 2021, the assets dedicated to real estate activities were valued at €3,638 million, of which €3,101 million in investment buildings as detailed in Chapter 18, Note 6.3.2 of the Group’s consolidated financial statements. The assets include over €525 million in buildings occupied by Groupe ADP for its own use, the assets held by its equity-consolidated subsidiaries and assets restated according to IFRS standards under lease financing contracts. The value of land reserves available for building (340 hectares) was over €328 million at 31 December 2021. The land reserves are covered by master development plans by neighbourhood which confirm the potential for development based on realistic development guidelines which reflect the group’s knowledge of the market, urban planning regulations,

1

Hotel 16%

Activities 14%

Cargo 41%

29% Tertiary

The likely locations of the projects implemented by 2023 are as follows:

Paris-Charles de Gaulle

Paris-Le Bourget and AAG

Paris-Orly

Total

%

Land reserves reminder (ha) Building potential (‘000 m 2 ) 1

163

131

46

340

832

491 108

145

1,468

Projects identified up to the end of 2023 (‘000 m 2 ) 1 Projects signed/under construction at the end of 2021

0 0

0 0

108

7%

58

58

Building potential remaining (‘000 m 2 ) 1

832

383

145

1,360

93%

1 Built-up area.

Leased buildings The floor space marketed at the end of 2021 amounted to nearly 990,000 m 2 . The average occupancy rate for the total scope is nearly 87% and the financial occupancy rate is more than 94.5%. Leased surfaces break down as follows:

Aeronautical

Diversification

Total

(in thousands of m 2 )

Rented places Cargo buildings

612 241 221 133

372

984 245

4 0

Maintenance hangars

221

Business and logistics premises

73 94

206

Offices

5 9 3

98

Internal rentals Other buildings

188

197

14

17

1 Master plan for the Île-de-France region, Territorial development contracts, Territorial coherence plan, Local urban development plan, etc.

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