ADP_REGISTRATION_DOCUMENT_2017

RISK MANAGEMENT AND CONTROL 04

RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM

Players Within this context, the finance, management and strategy division coordinates and monitors all subsidiaries and affiliates of the Groupe ADP. With its overall view of this activity, it adjudicates on the alignment of projects with the group’s strategic goals and carries out arbitration. Concerning non-airport contracts, the finance, management and strategy division uses the prior analysis from the real estate division and customer division, for real estate activities and commercial joint ventures, respectively. This organisation is accompanied by a reporting system as part of the guidance of both the group and the company. The group’s steering mechanism is currently being updated in order to adapt it to its new wider scope, since the control taken over TAV Airports by Aéroports de Paris, and to take ADP International’s role into account. Processes contributing to the development of accounting and financial reporting Organisation The Finance, Management & Strategy Division is responsible for the group’s strategic and financial direction. It guarantees that the Economic Regulation Agreement (ERA) is fulfilled and is consistent with the strategic plan, directs the main levers for economic regulation, supplies financial expertise and forecasts, and is in charge of financial communication. It supplies senior management and various departments and subsidiaries with financial reports and analysis allowing them to monitor their performance. It contributes to defining and tracking financial objectives and to determining any necessary corrective action to be taken to ensure the group’s economic sustainability. It is supported by and is responsible for a branch of management control (finance, management and strategy branches). The Finance, Management & Strategy Division is responsible for aligning the financial objectives of the subsidiaries and consolidated shareholdings with those of the group. It also oversees and controls financially the subsidiaries and consolidated shareholdings. The Corporate Accounts Division makes accounting and financial reports available to different decision-making bodies within the Company, allowing them to monitor how their performances correspond to the Company’s overall strategy. It is responsible for the production of financial statements and consolidated financial statements in accordance with current French and international accounting legislation as well as the establishment of reliable accounting procedures. It includes the financial unit, whose responsibilities include ensuring that the fiscal policy is correctly applied at group level. It manages fiscal integration and local All processes paying into the accounts are the subject of specific procedures, follow-ups, rules of validation, authorisation and accounting defined and stated by the Corporate Accounts Division (particularly for sales, purchasing, management of assets and cash flow, etc.). ◆ IT systems These mechanisms and initiatives are based on an IT system centred on SAP software packages for general accounting and analysis, SAP BFC for consolidation and reporting, and OBIEE for writing performance indicators. The IT Financial Management unit of the Information Systems Division has guaranteed assistance to the project management and to the prime contractor for IT projects requiring functional expertise, administration or support for accounting and financial IT systems, for all departments in the Financial, Strategy and Administrative unit. taxes, as well as all other taxes. Methodology and tools ◆ Operational processes for inputting accounts

It informs the same bodies of the monitoring: ◆ of internal audit action plans;

◆ of the conclusions drawn from the audits carried out within Aéroports de Paris by external control and monitoring bodies (with the exception of management system audits). External control structures In the first instance, this relates to the Statutory Auditors appointed by the General Meeting of Shareholders of 18 May 2015: Ernst & Young Audit and Deloitte & Associés. Moreover, Aéroports de Paris is subject to specific controls due to its being a majority State-owned company. The Court of Auditors, the Economic Affairs Committee of the National Assembly and the Senate, the State Economic and Financial verification mission, and the Council on the Environment and sustainable development, in particular, are therefore responsible for overseeing the finance, management and internal control sectors. The company is also subject to controls of an operational nature, which are carried out by the French Civil Aviation Authority and by the European Commission in the context of compliance with regulations. Moreover, to obtain or maintain certification of their management systems, various divisions of Aéroports de Paris, as well as some subsidiaries of Groupe ADP, undergo annual external appraisal audits, conducted by independent accredited organisations. These audits may lead to request for improvement, thus helping to improve risk control and internal control systems. It is also subject to assessments by credit rating agencies. The internal control mechanism and management of risks relating to the development and handling of financial and accounting reports Comitology and players Comitology The systems are supported by: ◆ the Strategy and Investment Committee, whichmakes recommendations to the Board of Directors on the definition and implementation of Groupe ADP’s strategic directions (its mandate is indicated in the rules of procedure of Aéroports de Paris’ Board of Directors); ◆ two internal investment committees, chaired by the Chairman & CEO, involved in the decision-making process in terms of commitments: ◆ the strategic investments committee ( comité stratégique des investissements —CSI), which is called on to place the various investment strategies in a business context. Following a defined annual programme, it evaluates the main medium- and long- term sectoral policies by regularly reviewing needs, risks and opportunities. It carries out a regular review of priorities and validates the multiannual investment programme for each division. Such an exercise ensures that each activity’s strategic directions are coordinated with the associated schemes and plans and the multi-annual investment programme, ◆ the investment approval committee (COE), organised around two specialised COEs: ◆ the COE for the Aéroports de Paris scope, which systematically reviews the tangible and intangible investments in excess of €3 million, the firm financial investment commitments made by the Company and its main contractual receivables, ◆ the COE for the scope of subsidiaries and equity investments, which reviews investment and disposal decisions carried out by all subsidies and equity investments.

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017