ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP 1 GROUP ACTIVITIES

Concession model

Type / Concession end date

TAV Stake Scope

Pax Charge International

Pax Charge Domestic

Volume Guarantee Concession fee

Airport

15 €

0.6m dom, 0.75m Int’l for 2007 +5% per year

BOT 1 May 2025 2

Ankara Esenboga (Turkey)

-

100% Terminal

€3

€2.5 (Transfer)

15 €

Concession Dec. 2034 2

Izmir A. Menderes (Turkey)

€29 million + VAT 3

100% Terminal

€3

-

€2.5 (Transfer)

€12

US$50,000 + VAT +65% of net income €143.4 million +€28.7 million + VAT upfront 4 €100.5 million + VAT Initial payment of €1,813 million in 2022 €145 million from 2027 to 2031 and €236 million from 2032 to 2051 + VAT 8

Gazipasa Alanya (Turkey)

Concession (May 2036 2 )

100% Airport

10 TRY

-

€15

Concession Dec. 2037 2

Milas Bodrum (Turkey)

100% Terminal

€3

-

€15

Concession (Dec. 2026 2 )

49% Terminal

€3

-

Antalya (Turkey)

€2.5 (Transfer)

€17

Antalya 6 from 2027

Concession (Dec. 2051)

€5 (Transfer)

50%

Terminal

3 €

-

7

Almaty 9 (Kazakhstan)

$7.7 for non-domestic airlines

Variable royalties

-

-

85% Airport

No concession 10

BOT 1 Feb 2027 BOT 1 Aug 2027 BOT 1 + Concession May 2047 BOT 1 + Concession June 2030 BOT 1 + Concession 2037 13 )

$24

Tbilisi (Georgia)

80% Airport

$6

-

-

$12

Batumi (Georgia)

76% Airport

$7

-

-

€13

11-26% of revenue from 2010 to 2047 11 4% of gross annual revenue 12

Monastir & Enfidha (Tunisia)

100% Airport

€1

-

€17.5 in Skopje €16.2 in Ohrid

Skopje & Ohrid (North Macedonia)

100% Airport

-

-

91 SAR 14

Medina (Saudi Arabia)

-

-

54.5% 15

50% Airport

€17.5

Fixed: €2.0 million - €11.5 million

BOT 1 + Concession April 2042

Zagreb (Croatia)

15% Airport

€7.5

-

€4 (Transfer)

Variable 0.5% (2016) -61% (2042)

1 BOT: Build Operate Transfer - Construction, Operation, Transfer. 2 The Turkish civil aviation authorities extended the concession periods for Antalya, Ankara, Gazipasa-Alanya, Izmir and Milas Bodrum airports by two years in February 2021. 3 Depreciation expense from €13.5 million in 2015 to €32.4 million in 2032, plus financial expenses from €17.8 million in 2015 to €0 million in 2032. 4 Depreciation expense from €11.1 million in 2016 to €38.0 million in 2032, plus financial expenses from €18.8 million in 2016 to €0 million in 2032. 5 The 49% control of TAV airports within Antalya airport gives the same governance rights as Fraport, as well as 50% of dividends. 6 On the renewal of the Antalya concession, see “Continued development of TAV Airports” below. 7 The 51% control of TAV airports in Antalya airport give the same governance rights as Fraport, as well as 50% of dividends. 8 VAT will be paid on an accrual basis from 2027 (€52.2 million per year). 9 On the acquisition of the Almaty airport management company, see the section “Continued development of TAV Airports” below. 10 The operation of the airport is not subject to a concession. Airport facilities are partly owned and leased. 11 Concession fees were restructured in November 2019 with this multiplier: (* 35% if Pax < 4 million, * 75% if 4 million < Pax < 5 million, * 125% if 5 million < Pax < 7.5 million, * 150% if Pax > 7.5 M). 12 The percentage will converge to 2% depending on the increase in the number of passengers. 13 Following an agreement between Tibah Airports Development CJSC, and the Saudi authorities, the concession period is extended for a maximum period of eight years (known as the “force majeure period”) corresponding to the period between February 2020 and the end of the calendar year in which the Medina airport reaches 8.1 million passengers. It cannot be longer than eight years. 14 On departure and arrival. The fee per passenger will increase as per cumulative CPI in Saudi Arabia every 3 years. 15 Concession fees were reduced by 27.25% for the first two years after the construction of the new terminal in the second quarter of 2015.

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