ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP 1 GROUP ACTIVITIES

passenger services, enhance the performance of aeronautical and commercial activities and ensure sustainable and socially responsible development for the remaining duration of the concession (until 2032). A leading airport in the Middle East, QAIA handles 98% of Jordanian air traffic. The airport is the hub of Royal Jordanian Airlines (RJ) and the gateway to the main tourist sites in the country, including Petra, the Dead Sea and the Wadi Rum desert. In March 2021, for the third consecutive year and the fourth time in its history, QAIA received the title of ‘Best Airport by Size and Region: Middle East’ for airports serving 5 to 15 million passengers, based on the 2020 Airports Council International (ACI) Airport Service Quality (ASQ) Survey, the world’s leading airport passenger satisfaction benchmark programme. Airport International Group is holding active discussions with its grantor in order to achieve the economic and financial rebalancing of the concession, including the negotiation of an extension of its duration. Lenders’ obligations are being restructured at the same time. 1.1.5.5 GMR Airports Aéroports de Paris SA finalised the acquisition of a 49% stake in the Indian group GMR Airports Limited (GAL) on 7 July 2020. The initial acquisition price was INR 107.8 billion (approximately €1,360 million), including INR 1,060 Crores (€126 million), the payment of which is subject in particular to the achievement of certain performance targets for GMR Airports’ activities by 2024, as well as certain ratchets which, in the event of achievement will result in a potential and limited dilution of ADP by 2024. This investment is consolidated using the equity method in Groupe ADP’s financial statements. The financial operation includes a strategic industrial partnership with GMR regarding business development in aviation, retail, IT, hospitality, innovation and engineering. Description of GMR Airports GMR Airports, the leading Indian airport group operating in a dynamic region, has a portfolio of world-class assets comprising seven airports in four countries (India, the Philippines, Indonesia and Greece) and a subsidiary specialised in project management, GMR Airport Developers Ltd (GADL). The three airports operated by GMR Airports in 2021 were: ◆ Indira Gandhi International Airport, New Delhi, India (majority holding of Delhi International Airport Ltd – DIAL, fully consolidated within GAL’s financial statements); ◆ Rajiv Gandhi International Airport, Hyderabad, India (majority holding of GMR Hyderabad International Airport Ltd – GHIAL, fully consolidated within GAL’s financial statements); ◆ Mactan-Cebu International Airport, in the Philippines (minority stake consolidated under the equity method in GAL’s financial statements).

The service charge is €17 per departing international passenger and €3 per departing domestic passenger during the new concession period. The investment aims to increase the capacity of Antalya airport to 80 million passengers per year, more than double the current capacity. It is estimated at around €765 million under a fixed-price design-build contract, of which €600 million will be committed between 2022 and 2025, and €165 million between 2038 and 2040. The results of the group are accounted for using the equity method. Antalya Airport is a strategic asset within the airport portfolio of TAV Airports. Since the end of the Istanbul Atatürk concession, it has been TAV Airports’ main airport, both in terms of dividend generation and traffic volume. In 2019, Antalya Airport welcomed 35.7 million passengers, including 28.7 million international passengers, establishing itself as the second busiest airport in Turkey and the first in terms of international O&D traffic. Antalya is a major destination during the summer leisure season in Europe due to its location on the Turkish Riviera, 500 km long on the Mediterranean coast, in the south-west of the country and with a hotel capacity of 625,000 beds. 1.1.5.4 Airport International Group (AIG) In April 2018, Groupe ADP – through its wholly-owned subsidiary ADP International – finalised a transaction that increased its shareholding of Airport International Group (“AIG”), concession holder of Queen Alia International Airport (QAIA) in Amman, Jordan, to 51% of the capital, granting it exclusive control. The new co-shareholders with which Groupe ADP has invested are the infrastructure investment funds Meridiam Eastern Europe Investments and MENA Airport Holding Ltd. Edgo Investment Holdings Ltd, already present, remained a co-shareholder. Since this operation, Groupe ADP, an existing shareholder of AIG with a 9.5% stake since 2007, has fully consolidated the financial accounts of the concessionary firm. The 25-year Build-Operate-Transfer concession agreement awarded to AIG in 2007 stipulated the operation of the old terminals and the construction and operation of a new terminal. Since then, Groupe ADP experts have primarily been responsible for operations. The construction of the new terminal took place in two phases. The first phase – commissioned in March 2013 – created an 112,956 m 2 space, offering capacity for 9 million passengers. A vast extension to this terminal was completed in September 2016 (second phase), raising the airport’s capacity to 12 million passengers annually. As the operator of QAIA since the beginning of the concession, Groupe ADP has actively contributed to the upgraded performance and growth of the airport, with traffic rising on average by 7.2% per year since 2007. With its acquisition of AIG, Groupe ADP has been deploying its know-how, expertise and service offerings. The objectives are to strengthen the air network from Amman, improve the quality of

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