Aéroports de Paris - 2019 Universal registration document

OPERATIONS WITH RELATED PARTIES

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019

PROFIT FORECASTS

ADMINISTRATION AND EXECUTIVE MANAGEMENT BODIES

COMPENSATION AND BENEFITS OF CORPORATE OFFICERS

FUNCTIONING OF THE BOARD OF DIRECTORS AND MANAGEMENT BODIES

SOCIAL, ENVIRONMENTAL AND SOCIETAL RESPONSIBILITY INFORMATION

MAIN SHAREHOLDERS

ADDITIONAL INFORMATION ON THE SHARE CAPITAL AND PROVISIONS OF THE ARTICLES OF ASSOCIATION

MATERIAL CONTRACTS

4.9 Investment in associates and joint ventures

Société de gestion et d’exploitation de l’aéroport de Conakry (“Sogeac”), 29%-owned. Airport Terminal Operations LTD (“ATOL”), company whose main purpose is the management and operation of Sir Seewoosagur International Airport in Mauritius. Although holding only 10% of the capital of this company, ADP International actively participates in the governance as well as the financial and operational decision making policies of the company. Retail and services: The Groupe ADP exercises a joint control on EPIGO. This company, 50%-owned, is intended to construct, operate and develop the fast food sale outlets in the terminals. Transactions between Aéroports de Paris SA and EPIGO relate to: ◆ fees collected under the operational rights granted by Aéroports de Paris SA; ◆ rents for the occupation of sales areas. Until 11 April 2019, the Retail and service sector also included result of the joint ventures Société de Distribution Aéroportuaire and Relay@ADP, fully consolidated since this date (see note 2.1). Real estate: The main companies consolidated under equity method in the Real estate sector are the following: Coeur d’Orly Bureaux, Aéroports de Paris is a 50%-co-investor of the Coeur d’Orly project for retail outlets and offices, along with Covivio ex Foncière des Régions. Transport Beheer and Transport CV, companies which are 40%-owned along with Schiphol Group, with the objective to own an office building.

Since 1 January 2019, the share of profit or loss of associates and joint ventures is entirely disclosed under a line identified in the income statement, that fall within the operating income (see note 1.4). Investments in companies over which the Group exercises significant influence or joint control are described below: International and airport developments: TAV Airports, a joint venture of TAV Airports, 50% of whose shares were acquired in May 2018 and which operates Antalya International Airport. TGS and ATU, 50%-owned joint ventures by TAV Airports, specialising in ground handling and duty-free respectively. Tibah Development and Tibah Operation, respectively 33% and 51% owned and operating Medina Airport in Saudi Arabia. BTA Denizyollari, 50% owned until 1 January 2019, and fully consolidated since that date following an additional acquisition (see Note 3.2.1). Royal Schiphol Group N.V (“Schiphol Group”), which operates Amsterdam Airport Schiphol, created with Aéroports de Paris SA a long-term industrial cooperation and capital 8% cross-equity investment agreement at the end of 2008 that created a leading alliance in the global airport industry. This industrial cooperation agreement between two of Europe’s leading airport groups for an initial duration of 12 years represents a bold strategic move that has generated significant mutual benefits for both companies in all their core areas of business. Sociedad Concesionaria Nuevo Pudahel, joint-venture 45%-owned by ADP International, 40%-owned by Vinci Airports and 15%-owned by Astaldi, operating the concession of Santiago International Airport for a period of 20 years and with the objective to ensure the financing, design and construction of a new 175,000-square meter terminal.

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4.9.1 Share of profit or loss of associates and joint ventures The amounts included in the income statement are broken down by sector as follows:

2019

2018 1

(in millions of euros)

International and airport developments (i)

48

76

Retail and services (ii)

41

2 3

Real estate

1

Share of profit or loss in associates and joint ventures

90

81

1 Restated figures as described in note 1.4. (i) In 31 December 2018, this amount includes the share of profit or loss in associates and joint ventures of AIG until 18 April 2018, equivalent to a loss of less than €1 million, and the profit recognized as part of the disposal of 9,5% of AIG shares for the total amount of €22 million. (ii) In 31 December 2019, this amount includes the share of profit or loss in associates and joint ventures of SDA and Relay@ADP until 1 April 2019, equivalent to a loss of less than €1 million, and the profit recognized as part of the disposal of 50% of SDA and Relay@ADP shares for the total amount of €43 million(see note 2.1).

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019