ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

2.7 Newly published standards,

2.9 Covid-19 health crisis The Covid-19 health crisis led most governments to impose quarantine measures to limit the spread of the virus. These measures had the effect of severely curtailing global economic activity and individual mobility. The per formance of the Antin Funds is dependent on the performance of its portfolio companies, which in turn depend, to a certain extent, on the free movement of goods, services and capital from around the world. This has been significantly restricted as a result of the Covid-19 pandemic. Antin has experienced and may continue to experience the effects from the Covid-19 pandemic, primarily at the level of the Antin Funds’ portfolio companies, and in particular in the transportation sector and in industries dependent on demand for travel. Antin is also subject to the risk that some of its contract counterparties, or those of the Antin Funds’ portfolio companies, could fail to meet financial obligations as a result of the Covid-19 crisis. As of 31 December 2021, Antin has not suffered any slowdown in transaction activity or fundraising related to the Covid-19 pandemic. With respect to its investments, Antin has a diversified portfolio of funds and investments consistent with its investment strategy. Antin has implemented measures to monitor the impact of the Covid-19 pandemic on the operations of the Antin Funds’ portfolio companies on an asset-by-asset basis. In addition, affected portfolio companies have implemented strategies to manage and mitigate the effects of the Covid-19 pandemic, including where relevant, the renegotiation of bank covenants or key contracts. The investment teams are in regular and close discussion with the portfolio companies to monitor and mitigate risks. The portfolio companies have proven to be resilient so far, with a majority of the affected portfolio companies having delivered improved financial and operational performance metrics in the year ended 31 December 2021 relative to the prior year.

amendments to existing standards and interpretations that are not yet effective As of the date when Antin’s Consolidated Financial Statements were approved for publication, Antin had not adopted the following new standards or amendments to existing standards that had been published but were not effective as of 01 January 2021: 3 IFRS 17, Insurance Contracts; 3 IFRS 10 and IAS 28 (amendments), Sale or Contribution of Assets between an Investor and its Associate or Joint Venture; 3 amendments to IAS 1, Classification of Liabilities as Current or Non-current; 3 amendments to IFRS 3, Reference to the Conceptual Framework; 3 amendments to IAS 16, Property, Plant and Equipment— Proceeds before Intended Use; 3 amendments to IAS 37, Onerous Contracts – Cost of Fulfilling a Contract; 3 annual improvements to IFRS Standards 2018-2020 Cycle, amendments to IFRS 1 “First-time Adoption of International Financial Reporting Standards”, IFRS 9 “Financial Instruments”, IFRS 16 “Leases”, and IAS 41 “Agriculture”; 3 amendments to IAS 1 and IFRS Practice statement 2, disclosure or Accounting Policies; 3 amendment to IAS 8, definition of Accounting Estimates; 3 amendments to IAS 12, deferred tax related to Assets and Liabilities arising from a Single Transaction. The management does not expect that the adoption of newly issued standards will have a material impact on the financial statements. 2.8 Going concern The Consolidated Financial Statements have been prepared on a going concern basis. The management has, at the time of approving the financial statements on 23 March 2022, a reasonable expectation that Antin has adequate resources to continue its operations in the foreseeable future. Note 3 Basis of consolidation 3.1 Method of consolidation Subsidiaries that are directly or indirectly controlled by Antin are fully consolidated. Antin controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect the returns through its power over the entity.

Consolidation of a subsidiary begins when Antin obtains control over an entity and ceases when Antin loses control over an entity. The results of subsidiaries acquired or disposed of during the year are included in the consolidated income statement from the date Antin gains control until the date Antin ceases to control the entity. All intragroup assets and liabilities, equity, income, expense, and cash flows relating to transactions between members of the Group are eliminated.

140 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021