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

The main features of concession agreements concerning Izmir Adnan Menderes International Airport, Tibilissi and Batumi International Airport, Monastir and Enfidha International Airport, Skopje and Ohrid International Airport and Milas Bodrum Airport are as follows: ◆ the fee schedule is defined in the concession agreements and price increases are subject to agreement by the grantor; ◆ the remuneration is paid by users and airlines; ◆ no grant or guarantee is given by the concession grantor; ◆ infrastructures are returned to the grantor with no consideration at the end of the contract. BOT (Build - Operate – Terminate) and BTO (Build – Transfer – Operate) operations and management contracts include the following activities: ◆ terminal and airport services , which includes passenger, ramp and check-in counter services and services for parking-apron-taxi ways (for airport operations). A fee is charged to each airline based on the number of passengers that utilise the airport, based on the number of aircrafts that utilise ramps and runways and based on the number of check-in counters utilised by the airlines; ◆ duty free goods – The Group has the right to manage duty free operations within the terminals which the Group entities operate. Duty free shopping is available to both arriving and departing passengers. The duty free shops are subcontracted either to Group’s joint ventures or to other companies in exchange for a commission based on sales; ◆ catering and airport hotel services – The Group has the right to manage all food and beverage operations within the terminals both for the passengers and the terminal personnel. The Group subcontracts certain food and beverage operations in exchange for a commission based on sales; ◆ area allocation services – As a lessor, the Group leases office space in the airport terminal including the offices leased to the airlines for ticket office and banks; ◆ ground handling – The Group has the right to provide all ground handling operations for domestic and international flights under the Civil Aviation Legislation License (traffic, ramp, flight operation, cargo, etc.); ◆ other activities operated by the Group under these concession agreements include security services within the domestic terminals, bus and car parking services, software and system services, lounge services, airline taxi services. The main features of concession agreements of Queen Alia International Airport (AIG) are as follows: ◆ the tariff regulation applicable to the concessionaire, concerning airport fees and other charges, is included in the concession agreement

(Rehabilitation, Expansion and Operation Agreement). The aeronautical tariffs can only be increased by inflation, with the conditions of adjustment provided for in the concession contract; ◆ the users and the airlines are at the origin of the remuneration of the contracts; ◆ subsidies were granted by the grantor as part of acceleration measures related to the construction contract. No warranty from the grantor is provided in the contracts; ◆ the infrastructures are returned to the grantor at the end of the concession without compensation. IMPAIRMENT LOSS TEST OF AIRPORT CONCESSIONS: As indicated in the highlights of the year (see note 2.5), the restructuring agreement relating to TAV Tunisia’s bank debts is being finalized (signature expected in early 2020). As a result, Groupe ADP performed an impairment test on airport operations rights concerning Tunisian concessions, taking into account the residual duration of the concession (May 2047) and the assumption of debt restructuring in 2020. The recoverable amount being higher than the book value of the tunisian concession, no impairment loss was recognised for TAV Tunisia as a result of the test. According to the sensitivity analysis, an increase of 100 basis points in the discount rate would not question the result of the impairment test. 6.1.2 Goodwill Goodwill is not amortizable. In compliance with IAS 36, Impairment of assets, goodwill is subject to an annual impairment test or more frequently if there is objective evidence that an impairment loss has been incurred. An impairment loss is recognized if the recoverable value falls below its carrying value. Impairment loss are irreversible. As of 31 December 2019, the goodwill relates mainly to TAV Airports Holding for €125 million and AIG for €44 million. IMPAIRMENT LOSS TEST OF GOODWILL No impairment was recorded on the Goodwill of TAV Airports Holding and AIG. Sensitivity analysis show that an increase of 100 basis points in discount rates would not result in an impairment loss on these Goodwill. With regard to Hub One Mobility, Market slowdown on Hub One mobility solutions, in particular in the large retail sector, have conducted to a significant decrease of Hub One Mobility revenues and profitability forecasts. As a consequence an impairment of all the residual goodwill related to this entity has been recognized for €12 million in 2019.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019