Aéroports de Paris - 2019 Universal registration document

REAL ESTATE ASSETS AND FACILITIES

RISK AND MANAGEMENT

PERSONS RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT

STATUTORY AUDITORS

INFORMATION ON THE COMPANY

BUSINESS OVERVIEW

ORGANISATION CHART

REVIEW OF THE FINANCIAL POSITION AND INCOME

EQUITY AND CASH FLOWS

INFORMATION CONCERNING TRENDS

by the Standard & Poor’s agency) Groupe ADP views those risks as immaterial. They are described in the appendix of the group consolidated accounts.

Like other listed companies, Groupe ADP is facing risks related to foreign exchange, interest rates, counterparty and liquidity. Nevertheless, with regard to its financial position and rating in particular (A+ negative outlook since 27 February 2020, long term credit rating

1 – Risks related to Groupe ADP’s activities and to the airport management sector

1.1 – Risks related to external threats 1 – A: In a health context marked by the identification and spread of the COVID-19 coronavirus, Groupe ADP is exposed to the risk of a slowdown in its airport and related activities. Having first appeared in the city of Wuhan in China and qualified as a “public health emergency of international scope” and then as a “pandemic” by the World Health Organization (WHO) on 11 March 2020, the COVID-19 coronavirus epidemic has led to multiple restrictive measures by many countries and companies (banning entry into the territory, confinement, quarantines, closure of all places receiving the public that are not considered essential, suspension of travel and professional events, etc.) to limit its spread. ◆ a decrease or suspension of travel, in particular to or near countries where the virus is circulating, thus significantly and adversely affecting traffic in Paris and on some of the Group's international platforms. Current and future measures, given the changing nature of the situation, are likely to have an adverse impact on revenues from airport and related activities (in particular commercial activities) and on Groupe ADP’s financial performance. This situation could also affect Groupe ADP indirectly, for example in the event of the default of certain important customers or suppliers, or customer requests for payment delays related to this outbreak. At the date of filing of this Universal Registration Document, the Groupe ADP 2020 traffic assumptions1 are no longer relevant. Groupe ADP considers that it will not be possible to meet either the 2020 EBITDA guidance1, nor the 2016-2020 financial targets of the Connect 2020 plan (traffic, EBITDA, regulated ROCE). Groupe ADP is embarking on a major operational and financial optimisation plan. This plan is intended in particular to reduce the costs borne by Groupe ADP, and to take into account the situation of its airline customers and service providers. It will entail: ◆ the closure of infrastructures to commercial traffic on the Paris and international platforms, which should take place in the next few days. This will involve concentrating activity on certain terminals in order to reduce operating costs for Groupe ADP and the airlines. ◆ an important cost savings plan with the target of reducing operating expenses in 2020 by €270 million, including €125 million for Aéroports de Paris excluding additional savings from the application of a partial activity regime. Only expenses relating to the proper functioning of the company, guaranteeing the safety and security of its operations and those of its airline and passenger customers will be incurred. Moreover, in a meeting with its Social and Economic Committee on These measures have led in particular to: ◆ the temporary suspensions of air links;

19 March 2020, Aéroports de Paris presented a plan to apply a partial activity regime to its employees. It is anticipated that this project, which concerns approximately 80% of Aéroports de Paris’ workforce, will be effective as of 23 March after completion of the necessary formalities. The expected decrease in expenses from this measure is estimated at between €20 and €25 million per month. ◆ support measures, in compliance with the applicable rules, for airlines and Groupe ADP’s counterparties particularly affected by the effects of the epidemic, in particular: ◆ the suspension of parking fees for aircrafts grounded at Paris platforms as a result of the crisis, ◆ the suspension of rents and rental charges for premises located in the closed Paris terminals, ◆ to the extent possible and depending on the difficulties encountered by customers, adaptation of the applicable payment terms. 1 – B: In a global context of increasing cyber-attacks, Groupe ADP may be exposed to malicious acts on its information systems. Malicious acts on the group’s information systems could affect the availability of critical systems, the confidentiality and completeness of data, whether proprietary or entrusted by customers, suppliers or partners, and could even weaken its security systems. These acts may have adverse consequences on the Group’s image, reputation, operational robustness and performance. In light of these issues and the evolving nature of the threat, Groupe ADP is continuing its actions aimed at strengthening the security of its information systems on the basis of a dedicated policy and corporate governance, including: ◆ a major awareness raising plan for Group staff, called Vigie Info; ◆ crisis exercises; ◆ an assessment of the compliance of its critical IT systems with regulatory obligations and the implementation of any corrective actions. 1 – C: In a turbulent global geopolitical context, marked by a terrorist threat that is still pervasive, Groupe ADP may be exposed to malicious acts on its facilities or on the assets it operates. The facilities or assets operated by Groupe ADP could be targets of external attacks or malicious acts of any kind. The possible consequences of their occurrence could result in damages to persons and property and interruptions in the operation of faculties, thereby putting the continuity of the Group's business activities at risk. Such acts may damage the Group's reputation and adversely affect not only the traffic on the airports it manages but also its commercial and real estate activities and, in general, its financial position and outlook.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019

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