ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP

GROUP ACTIVITIES

operating the Medina airport, and the Saudi authorities, extending the concession period for maximum eight years. The initial operating period of Medina airport terminated at the end of 2037. The extension period (known as the “force majeure period”), which cannot be more than eight years, corresponds to the period between February 2020 and the end of the calendar year in which Medina airport reaches 8.1 million passengers. Payments of concession rents due to the authorities during the force majeure period have been deferred and will be paid mainly after the end of the force majeure period. Under this agreement, the Group granted a shareholder loan in the amount of €193 million to Tibah. Continued development of TAV Airports GROUPE ADP ANNOUNCED THE COMPLETION BY TAV AIRPORTS OF THE ACQUISITION OF THE MANAGEMENT COMPANY OF ALMATY INTERNATIONAL AIRPORT IN KAZAKHSTAN As announced on 8 May 2020 3 , a consortium led by TAV Airports (of which share capital is 46.38% owned by Groupe ADP) signed on 7 May 2020 an agreement for the acquisition of a 100% stake in Almaty airport, and related fuel activities, which should be delegated to a specialised operator, and services, for a value of $417 million. The shares were transferred on 29 April 2021. Almaty airport now belongs to the consortium in which TAV Airports is an 85% shareholder. VPE Capital, a fund manager specialising in capital markets in Russia and the CIS 4 , holds the remaining 15% of the consortium, with a put option. The airport is fully consolidated in the accounts of TAV Airports and in the accounts of Groupe ADP. The purchase price at 100% 5 is $417 million. The current global crisis in air transport has led to part of this price ($45 million) being subject to deferred payment according to a schedule conditional on reaching a level of traffic on pre-set dates and, in any case, payable no later than 2030. The airport of Almaty, the economic capital of Kazakhstan, is the largest airport in Central Asia: it welcomed around 6.4 million passengers in 2019, just under half of them on international routes. Kazakhstan, the largest landlocked country in the world with 2.7 million km2, is the engine of economic growth in the region and accounts for 60% of Central Asia’s GDP. SUCCESSFUL RENEWAL OF THE ANTALYA AIRPORT CONCESSION BY THE TAV AIRPORTS GROUP FOLLOWING A CALL FOR TENDERS A consortium formed by TAV Airports (51%) (whose share capital is 46.38% owned by Groupe ADP) and Fraport (49%) won the tender for the renewal of the Antalya airport concession with the aim of making investments to increase the capacity of this airport in exchange for the right to operate it for 25 years, between 1 January 2027 and 31 December 2051. The total lease rent due to DHMI is €7.25 billion (excluding VAT), of which 25% (€1.8 billion) was paid on 28 March 2022.

Following the extension of the concession periods of TAV Airports’ four Turkish airports for two years, the renewal of the Antalya concession until 2051, and the acquisition of Almaty airport, the maturity of the portfolio of TAV Airports stands at 30 years. TAV Airports’ traffic in 2021 marked by the gradual upturn in traffic TAV Airports’ traffic was impacted by the resurgence of the Covid-19 pandemic during the spring of 2021, then experienced a recovery that began in early summer and continued until the end of the year. In 2021, the total traffic at TAV Airports 1 thus stood at 52.0 million passengers, i.e. 55.4% of the 2019 level. Traffic in the third and fourth quarters was 68.3% and 76.9% of 2019 equivalent traffic, respectively. Network-wide, international traffic was 51.3% of the 2019 level, while domestic traffic was more resilient, standing at 70.0% of the 2019 level. Compared to 2019, the airports experiencing the strongest recovery were: ◆ Almaty airport in Kazakhstan, whose full-year traffic amounted to 6.1 million passengers, i.e. 95.0% of 2019 traffic, driven in particular by the recovery in domestic traffic beyond its 2019 level; ◆ Milas Bodrum Airport in Turkey, whose traffic in 2021 reached 2.9 million passengers, i.e. 67.7% of 2019 traffic; ◆ Izmir Airport in Turkey, whose traffic in 2021 was 7.7 million passengers, i.e. 62.0% of 2019 traffic; ◆ Antalya Airport in Turkey, the busiest airport in the TAV Airports network, whose traffic in 2021 was 22.0 million passengers, i.e. 61.7% of 2019 traffic. TAV Airports has finalised several negotiations related to the consequences of the Covid crisis In Turkey, the Turkish Civil Aviation Authority (DHMI) authorised on 15 February 2021, a two-year extension of the operating periods of the airports operated by TAV Airports in Turkey due to the force majeure conditions created by travel restrictions related to the Covid pandemic. DHMI has also informed that the lease payments for these airports, which would have been due in 2022, will be due in 2024. In Tunisia, negotiations between TAV Tunisia, the company operating the Monastir and Enfidha airports, and its lenders and the Tunisian authorities (granting authorities) resulted, in February 2021, in a reduction in TAV Tunisia’s debt and the recognition of income of €109 million, as well as the issuance of equity securities of TAV Tunisia to lenders for a market value of €24 million 2 . In Saudi Arabia, an agreement was obtained at the end of 2021 between Tibah Airports Development CJSC, the company

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1 TAV Airports traffic including Almaty airport traffic from 1 May 2019, 2020 and 2021, and excluding Istanbul Atatürk airport traffic in 2019. 2 Regarding the restructuring of TAV Tunisia’s debt, see Note 2.1 to the 2021 consolidated financial statements. 3 See the press release of 8 May 2020: “Groupe ADP announces the signing of an agreement by TAV Airports for the acquisition of Almaty International Airport in Kazakhstan”. 4 CIS: Commonwealth of Independent States. 5 See Note 2 to the consolidated financial statements at 30 June 2021.

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