Aéroport de Paris - 2018 Registration document

RISK MANAGEMENT AND CONTROL 04

RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM

Budget and reporting BUDGET (OPEX/CAPEX) AND ROLLING FORECAST (OPEX) In August every year, the Finance, Management & Strategy Division prepares and sends all financial directors and managers in the finance, management and strategy area: ◆ a framework note focusing solely on Aéroports de Paris SA and including information aimed at guiding the re-forecasting of investments for the current year and the Capex budget for the year to come. It also presents specific issues for attention and the particular features of the relevant budgetary campaign; ◆ an advance financial framework note for Groupe ADP for the next year, separating out Aéroports de Paris SA and the subsidiaries (“International and airport development” subsidiaries, commercial subsidiaries, real estate subsidiaries and Hub One). The rolling forecast, introduced from the date of closing in February 2017, is applied to Groupe ADP’s profit and loss statements, with each of the consolidated entities reporting its latest forecasts to the Finance, Management & Strategy Division. By allowing a monthly update of the exit point forecast at 31 December according to the latest available information, the rolling forecast strengthens the reliability of the financial forecasts and improves the Group’s financial management. On the other hand, investments are subject to two annual reforecasts. The rolling forecast focusing on investments will be introduced at a later date. REPORTING COMEX ANALYSIS REPORT Each month, except for the end of the closing periods in January and July, the Finance, Management & Strategy Division produces an operating report for the Executive Committee. It incorporates the rolling forecast and its commentary is on the analysis reports drawn up by the entities. Financial communication As an issuer of regulated information, the finance, management and strategy division exerts control over the development and publication of all communications of a financial nature. Alongside the Legal Affairs and Insurance Division, the division is responsible for authorising any type of memo or press release containing “sensitive information”, that is, any information of a financial or legal nature, or with financial or legal implications, and/or information likely to influence Aéroports de Paris SA share price. A procedure concerning financial communication of Groupe ADP has been designed to guarantee the accuracy of information of a financial nature, and to ensure that the group meets all its associated requirements. An annual calendar of the group’s main periodical commitments in terms of accounting, financial and share-holder memos, was created by the Legal Affairs and Insurance Division and shared internally. In addition, an annual schedule of periodic regulated financial publications is established by the finance, management and strategy division, and published to the AMF and available on Groupe ADP’s website. Groupe ADP disseminates its regulated information via a system approved by the AMF. Its main financial communication channel is its website (www.groupeadp.fr), along with several social media channels (Twitter, Facebook,…) in accordance with the AMF recommendation as published

Two internal company investment committees, chaired by the Chairman & CEO, are involved in the decision-making process in terms of commitments: ◆ the strategic investments committee ( Comité stratégique des investissements —CSI), which is called on to place the various investment strategies in a business context. Following a defined annual programme, it evaluates the main medium- and long-term sectoral policies by regularly reviewing needs, risks and opportunities. It carries out a regular review of priorities and validates the multiannual investment programme for each business. Such an exercise ensures that each activity’s strategic directions are coordinated with the associated schemes and plans and the multi-annual investment programme; ◆ the investment approval committee (COE), organised around two specialised COEs: ◆ the COE for the Aéroports de Paris scope, which systematically reviews the tangible and intangible investments in excess of €3 million, the firm financial investment commitments made by the Company and its main contractual receivables, ◆ the COE for the scope of subsidiaries and equity investments, which reviews investment and disposal decisions carried out by all subsidies and equity investments that are above a certain threshold. All major investment proposals are subject to an investigation by an internal approvals body, particularly for ADP Ingénierie and ADP International projects, before being submitted to Aéroports de Paris’ COE. It is also the case of investment projects for TAV Airports. Any project of this nature is reviewed by the Board of Directors of the subsidiary in question before being reviewed by the Board of Directors of Aéroports de Paris. These arrangements are implemented while fulfilling obligations to consult staff representative bodies. Preparation of financial statements and consolidation FRAMEWORKS All accounting processes are the subject of specific procedures, follow- ups, rules of validation, authorisation and accounting defined and stated by the Corporate Accounts Division (particularly for sales, purchasing, management of assets and cash flow, etc.). ACCOUNT CLOSURES, CONSOLIDATION AND MANAGEMENT REPORTS The closure process of corporate accounts and consolidated financial accounts is based on a detailed calendar, which has been shared with all consolidated companies so as to ensure that deadlines are met and that the preparation of financial statements is coordinated. The consolidation of the group’s accounts is carried out twice a year. The Statutory Auditors carry out a limited review of the half-yearly accounts and an audit of the annual accounts. The statements for the months of May and October are reviewed within the framework of these missions. In addition, managers of the Group’s entities 1 sign an engagement letter every month to confirm the correctness of the accounting information they communicate relating to their area of responsibility.

1 This covers the divisions of Aéroports de Paris SA and the companies consolidated by the Group.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018