Airbus - 2022 Universal Registration Document

02 Management’s Discussion and Analysis of Financial Condition and Results of Operations 159 2.1 Operating and Financial Review 160 2.1.1 Overview 161 2.1.2 Significant Accounting Considerations, Policies and Estimates 164 2.1.3 Performance Measures 165 2.1.4 Results of Operations 169 2.1.5 Changes in Total Equity (Including Non-Controlling Interests) 173 2.1.6 Liquidity and Capital Resources 174 2.2 Financial Statements 178 2.3 Statutory Auditor Fees 178 2.4 Information Regarding the Statutory Auditors 178 03 General Description of the Company and its Share Capital 181 3.1 General Description of the Company 182 3.1.1 Commercial and Corporate Names, Seat and Registered Office 182 3.1.2 Legal Form 182 3.1.3 Governing Laws and Disclosures 182 3.1.4 Date of Incorporation and Duration of the Company 183 3.1.5 Objects of the Company 184 3.1.6 Commercial and Companies Registry 184 3.1.7 Inspection of Corporate Documents 184 3.1.8 Financial Year 184 3.1.9 Allocation and Distribution of Income 184 3.1.10 General Meetings 185 3.1.11 Disclosure of Holdings 186 3.1.12 Mandatory Disposal 187 3.1.13 Mandatory Offers 188 3.2 General Description of the Share Capital 189 3.2.1 Issued Share Capital 189 3.2.2 Authorised Share Capital 189 3.2.3 Modification of Share Capital or Rights Attached to the Shares 189 3.2.4 Securities Granting Access to the Company’s Share Capital 190 3.2.5 Changes in the Issued Share Capital 190 3.3 Shareholdings and Voting Rights 191 3.3.1 Shareholding Structure at the End of 2022 191 3.3.2 Relationships with Principal Shareholders 192 3.3.3 Form of Shares 195

3.3.4 Changes in the Shareholding of the Company 3.3.5 Persons Exercising Control over the Company

195 195 195 197 199 199 199 199 199

3.3.6 Simplified Group Structure Chart

3.3.7 Purchase by the Company of its Own Shares

3.4

Dividends

3.4.1 Dividends and Cash Distributions Paid 3.4.2 Dividend Policy of the Company

3.4.3 Unclaimed Dividends

3.4.4 Taxation

04 Corporate Governance

203

4.1

Management and Control

204 204

4.1.1 Corporate Governance Arrangements 4.1.2 Dutch Corporate Governance Code, “Comply or Explain” 4.1.3 Enterprise Risk Management System

228 229 231

4.1.4 Internal Audit

4.2

Interests of Directors and Principal Executive Officers

232 232

4.2.1 Remuneration Policy

4.2.2 Long-Term Incentives Granted to the Chief Executive Officer

247 247

4.2.3 Related Party Transactions

4.3 248 4.3.1 Employee Success Sharing and Incentive Agreements 248 4.3.2 Employee Share Ownership Plans 248 4.3.3 Long-Term Incentive Plans 249 05 General Information 255 5.1 Entity Responsible for the Universal Registration Document 256 5.2 Statement of the Entity Responsible for the Universal Registration Document 256 Employee Success Sharing and Incentive Plans

5.3

Information Policy

256

5.4

Undertakings of the Company Regarding Information

257

5.5

Significant Changes

257

5.6

Statement on Approval

257

5

Airbus / Universal Registration Document 2022