ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

Note 21 Cash and cash equivalents

ACCOUNTING PRINCIPLES Reference: IAS 7 Cash is comprised of cash at banks.

Cash equivalents could include money market instruments and deposit accounts with an initial maturity of less than or equal to three months. They are measured at fair market value at the reporting date.

Cash equivalents are defined as short-term, highly liquid investments that are readily convertible into a known amount of cash, subject to an insignificant risk of a change in value.

31-Dec-2021

31-Dec-2020

(in €k)

Cash

392,558

14,016

Cash equivalents

-

-

TOTAL CASH AND CASH EQUIVALENTS

392,558

14,016

As of 31 December 2021, Antin held cash and cash equivalents of €392.6 million. Cash deposits are held by reputable banks and credit institutions in order to limit the credit and counterparty risk. The increase in cash and cash equivalents is primarily due to the cash proceeds raised in the IPO.

Note 22 Equity 22.1 Total number of shares issued and treasury shares Antin has one class of ordinary shares that carry one vote and one dividend right. As of 31 December 2021, Antin had 174,562,444 shares issued. During 2021, the legal reorganisation of Antin has been composed of:

Number of shares

Nominal value per share

Share capital (in €k)

18.06.2021 Establishment of Antin Infrastructure Partners S.A.

10,000

4.00

40

23.09.2021 Reduction by way of reduction in the nominal value of the shares 23.09.2021 Share issuance related to contribution in kind of AIP SAS and AIP UK

-

(3.99)

(40)

157,489,982 14,583,333

0.01 0.01 0.01 0.01

1,575

27.09.2021 Share issuance related to IPO

146

30.09.2021 Share issuance related to exercice of over allotment option

2,187,499

22

14.10.2021 Employee Share Purchase Plan

291,630

3

TOTAL OF NUMBER OF SHARES ISSUED

174,562,444

1,746

As of 31 December 2021, Antin held no treasury shares. Further details on share capital are available on the section share capital. 22.2 Dividend distributions to Shareholders

2021

2020

(in €k)

TOTAL OF DIVIDENDS PAID TO SHAREHOLDERS

54,830

86,700

Antin paid dividends of €54.8 million in 3 instalments in the year ended 31 December 2021. A dividend of €6.8 million was paid in March on the basis of the 2020 net income. In addition, Antin paid an interim dividend for 2021 of €33.1 million in July and €15.0 million in September 2021. These dividend payments were made prior to the IPO of Antin. The Board of Directors of Antin proposes a dividend to the Shareholders of €0.11 per share for the period of 23 September

to 31 December 2021 equivalent to €19.2 million. The proposed dividend is subject to shareholder approval at the annual shareholders' meeting and shall be paid in one instalment on 30 May 2022. Antin has adopted a dividend policy which aims to distribute a majority of underlying profits to its Shareholders with an objective to have steadily increasing annual dividends in absolute euro denominated terms.

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