IBERSOL | Annual Report 2021

Consolidated Financial Performance Amortisations, depreciations, AFT imparity losses, right of use and Goodwill Amortisations, depreciations and imparity losses for the financial year totalled 83.7 million euros, 49.1 million of which are related to amorti- sation of rights of use, which translates into a reduction of 11.3 million euros, compared to the financial year of 2020. Imparity losses due to the effects of the pandemic on the restaurant sector and, in particular, in locations that are more dependent on the recovery of tourism, namely concessions, resulted in the maintenance of the application of distinct risks for the determination of the fair value of tests carried out, depending on the areas of business, with losses in asset recoverability recorded at 6.3 million euros: • Assets in 7 concessions (two airports and five service stations) – 3.4 million euros; • Tangible assets in 4 restaurants – 1.4 million euros; • Goodwill FrescCo – 1.5 million euros. The forecasts for air-traffic recovery in Europe have been met in re- cent months, but remain unpredictable, given the impact of the war in Ukraine on the Iberian market. The Group adjusted forecasts in the Travel sector to those of airspace regulators, which point to a recovery of 2019 level traffic in 2024 and the consequent adjustment in the mini- mum guaranteed annual contract rents until this date and under the terms of Ley 13/2021. EBITDA EBITDA for the period rose to 135.9 million euros, which represents an increase of 92.3 million euros compared to 2020. The total EBITDA margin was 38.0% of turnover, compared to 15.1% in 2020. 36