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Aéroports de Paris - 2020 Financial results marked by the Covid-19 pandemic

+40.5% These figures take into account the full consolidation of Société de Distribution Aéroportuaire and of Relay@ADP results since April 2019. Groupe ADP has accounted the results of the GMR Airports group using the equity method at 24.99% between March and June 2020 and at 49% from July 2020 (on the stake acquisition in GMR Airports, see the press releases of 20 and 26 February, and 7 July 2020). Sales in airside shops divided by the number of departing passengers (Sales/PAX). The method for calculating net financial debt was changed between 2019 and 2020. In 2020, the applied method is as follows: gross debt less fair value hedging assets, cash and cash equivalents and restricted cash , while for 2019 the applied method was as follows: gross debt less receivables and current accounts with equity affiliates, fair value hedging assets, cash and cash equivalents and restricted cash . By way of comparison, net financial debt at 31 December 2019, shown on page 5 of the

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