AFD // 2021 Universal Registration Document

PRESENTATION OF AFD AFD Group

Over the past five years, AFD has had a solid investor base in France (16% in 2021) and in Europe (56% in 2021). This investor base is also supplemented by international players in Asia, America and the Africa, Middle East region. This geographical diversity goes hand-in-hand with the type of investors. The last graph also shows that the share of banking investors, has grown since 2020; these investors participate heavily in green, social or sustainable bond issues, themes representing 48% of AFD’s volumes in 2021. Moreover, the change in the relative percentage of other categories (official institutions,

asset managers, ɸ etc.) results from the maturities of the issues carried out in a given year (for example, the five-year USD bond issued in 2021 structurally attracts fewer central banks than a three-year USD bond). Lastly, 2021 was marked by strong support from the ECB, which backed purchases of notes. This environment supported the normalisation of AFD’s spread, which, for the two Sustainable issues of the year, reached its lowest level since the change of banking license in 2017.

1

1.5 AFD Group

1.5.1 Scope of consolidation As part of its mission to finance development, AFD holds equity investments in companies or organisations in the geographic areas in which it is active, i.e. foreign countries and the French Overseas Departments and Collectivities. The percentages of ownership and of voting rights shown below represent both direct and indirect investments.

Percentage of ownership 31/12/2021

Percentage of ownership 31/12/2020

Percentage of control 31/12/2021

Percentage of control 31/12/2020

Countries

Method (1)

France Mainland France Proparco

France France France

FC FC FC

78.19 60.00

78.19 60.00

78.19 58.69

78.19 58.69

Sogeform

Fisea

100.00

100.00

100.00

100.00

French Overseas Departments and Collectivities Soderag France – Guadeloupe

FC

100.00

100.00

100.00

100.00

SIC

France – New ɸ Caledonia

EM EM EM

50.00

50.00

50.00

50.00

Simar

France – Martinique France – Polynesia

Socredo

35.00

35.00

35.00

35.00

(1) FC: Full consolidation - EQ: Equity method. AFD Group – Scope of consolidation at 31 ࣢ December 2021. Details of the consolidation scope are shown in Paragraph ɸ 6.2.3.1.1. 1.5.2 Information about subsidiaries The information below (company data in accordance with French accounting standards) sets out the principal data relating to the subsidiaries which are fully consolidated into the financial statements of AFD. PROPARCO (SOCIÉTÉ DE PROMOTION ET DE PARTICIPATION POUR LA COOPÉRATION ÉCONOMIQUE) Purpose: to promote development projects, acquire equity investments and grant loans in the regions in which AFD is mandated to operate

Legal form: Public limited company (société anonyme - société financière) Head office: 151 ɸ rue Saint-Honoré, 75001 ɸ Paris Share capital: €984,373,280 (excluding issue premium) AFD’s stake: 78.19% Other shareholders: French banks (9.80%), private investors (1.37%), international financial institutions (10.03%), ethical

foundations and funds (0.60%) Balance sheet total: €7,230M Total net equity: €7,239M Equity investments: €1,291M Gross outstandings: €5,320M Net banking income: €173M

17

2021 UNIVERSAL REGISTRATION DOCUMENT