ADP // 2021 Universal Registration Document

PRESENTAT I ON OF THE GROUP

GROUP ACTIVITIES

The other four airports are either under development (Goa in India to be delivered in 2022, Visakhapatnam in India, Heraklion Kasteli in Greece) or recently won at auction (Medan in Indonesia, which is already in operation). GAL also obtained the concession for Nagpur airport (approximately 3.5 million passengers before the crisis), which is still subject to a final decision by the Supreme Court. The concession contract could become effective in 2022. Delhi, Hyderabad and Mactan-Cebu welcomed together a total of 103.5 million passengers during the calendar year 2019, with very dynamic domestic and international traffic. In 2021, traffic reached 50.4 million passengers. GMR group is also a service provider on the entire airport value chain, including catering, hospitality, duty free, cargo, management of car parks, aeronautical maintenance, advertising, aviation services (such as aviation fuel delivery) and real estate management and energy production. These activities are mainly carried out by specialised subsidiaries, some of which are joint ventures, of DIAL and GHIAL, respectively. GAL also holds a direct minority stake in Delhi Duty Free Services Private Ltd (DDFS) and ◆ several subsidiaries managing airport concessions: Delhi International Airport Ltd (DIAL) owned 64%, GMR Hyderabad International Airport Ltd (GHIAL) owned 63%, GMR Goa International Airport Ltd (GGIAL), owned 99.9%, GMR Visakhapatnam International Airport Ltd (GVIAL) 1 owned 100%, GMR Megawide Cebu Airport Corporation (GMCAC) owned 40% 2 , International Airport Heraklion Crete Concession SA owned 21.64%; ◆ a subsidiary specialised in airport development project management, GMR Airport Developers Ltd (GADL) fully owned (100%); This subsidiary is in the process of being merged with the parent company GAL, which should come into effect in 2022; ◆ several service subsidiaries: Delhi Duty Free Services Private Ltd (DDFS) owned 17% and Delhi Airport Parking Services Private Ltd owned 40.1%; in Delhi Airport Parking Services Private Ltd. The GMR Airports group is composed of:

◆ indirectly, the group holds stakes in more than twenty companies, most of them being subsidiary companies of respectively DIAL (including DDFS, Delhi Airport Parking Services, Times Innovative Media Delhi Airport Advertising, Delhi Aviation Fuel Facility, Travel Food Services, Celebi Cargo Delhi, Delhi Aviation Services, Delhi Aerotropolis) and GHIAL (including GMR Hospitality and Retail, GMR Hyderabad Aerotropolis, GMR Hyderabad Security Services, GMR Hyderabad Airport Cargo & Logistics, GMR Aerospace Engineering, Laqshya Hyderabad Airport Media). During financial year 2021, which ended on 31 March 2021, GMR Airports recorded total revenue of INR 34.7 billion and reported EBITDA of INR 8.1 billion. Delhi and Hyderabad airports are carbon neutral (ACA 3 and now ACA 4+ for Delhi). GMR Airports strategy On Investor Day on 17 February 2022, as part of the presentation of the Group’s “2025 Pioneers” strategic roadmap, GMR Airports presented the main lines of its own five-year roadmap, in line with Groupe ADP’s vision. It will focus in particular on capturing the strong growth potential in India (traffic, non-aeronautical revenues in Delhi and Hyderabad, monetisation and promotion of concession land reserves) and improving the profitability of assets in order to contribute to the Company’s debt reduction. This strategy will also see the deployment of the industrial partnership signed between Groupe ADP and GMR Airports, for example, to support the renewal of the passenger experience in Indian terminals and the deployment of Smart Airports technologies. The reduction of the carbon footprint via the implementation of green initiatives has been identified as a priority. GMR Airports’ roadmap will also make it possible to seize growth opportunities in India (new privatisation opportunities, disposal of minority interests by the Airport Authority of India) and more broadly in South-East Asia.

1

Governance As at 31 December 2021, the shareholders of GMR Airports Ltd were as follow:

Shareholder

% of capital

Aéroports de Paris SA

25.15% 23.85%

49.00%

GMR Infra Services Ltd (100% owned by Aéroports de Paris SA) 1

GMR Infrastructure Ltd

48.69%

Welfare Trust of GIL

2.06% 0.25%

Other securities

1 In the short term, the 49% stake in GMR Airports will be directly owned by Aéroports de Paris SA.

ADP has the option to appoint predetermined key positions within GMR Airports, including the Deputy CEO and Global COO.

At the end of 2021, the Board of Directors of GMR Airports was composed of 13 members, 5 of whom were appointed based on proposals by ADP (Augustin de Romanet, Philippe Pascal, Xavier Hürstel, Fernando Echegaray and Antoine Crombez), i.e. the same number of directors as GMR Infrastructure Limited. The Board of Directors also included three independent members.

1 Bhogapuram Airport. 2 Via GMR Airports International BV 100% owned by GAL.

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

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