Compagnie des Alpes - 2017 Registration Document

4 SOCIAL, SOCIETAL AND ENVIRONMENTAL INFORMATION Societal aspects

The real estate-accommodation policy The Group has a strategy to maximise occupation of the available beds at the resort, to support tourism and the local economy, with for example: z the Group’s network of 9 Compagnie des Alpes real estate agencies, which met the target of achieving a better apartment occupancy rate (than the agency average) throughout the year; z the brainchild of Méribel Alpina (the ski area operator), Méribel Privé is a pilot website aimed at simplifying the process of booking a stay at Méribel. Using an innovative technology, the site offers the facility to book in the same basket on one single website: accommodation (agency, private to private), ski passes and transport; z CDA is investing in the preservation and refurbishment of accommodation that is available for rent, through two major projects covering 1,000 beds at two resorts (La Plagne, Les Ménuires), and is supporting eight new projects at five resorts. Involvement with local communities Regular meetings are held with the different stakeholders to take account of their needs and expectations, improve dialogue and collaborate on collective solutions or actions as needed: public partners, socio-professional partners and associations. CDA Group subsidiaries are present or active in local associations, both those related to the environment, and owner and neighbour associations. Most Leisure destinations organise events with people living in the neighbourhood ( e.g. neighbourhood fetes and open days such as Fête des Voisins , and journée des voisins ) which offer a great opportunity for discussion and the exchange of views. Reduced entry is often offered to locals, either permanently or on an ad hoc basis. A site priority is to study and reduce the noise pollution that may be generated by its activities. All Group sites regularly measure noise, and specific measures have been taken: the grooming schedule adapted according to time of day and by route, quieter snow-making machines and rollers near housing, the ski lift drive station located uphill, equipment buried below ground, show sound volume varied according to wind direction, appropriate event (festival) measures, roofing on entertainment areas, layout of the rides, informing local residents about events, taking part in conciliation Committees, etc. In terms of education: z Parc Astérix is collaborating with the ENVA (Maisons-Alfort Vet School); z Futuroscope helped to create a “negotiation and customer relations” BTS qualification at its Park and has close links with the LP2i, (a nearby secondary school) to offer educational support for some workshops, notably on the topics of 3D printing and video games ( Impression 3D and the Labo du Jeu vidéo ); z Musée Grévin in Seoul has been classified as an educational site by the Seoul town hall; z Walibi Belgium took part in the Place aux enfants initiative organised by the City of Wavre by taking some 20 children on a behind-the- scenes visit of the park, and hosts the Vlajo association which organises the closing ceremony of the primary and secondary school mini-entreprises competition; z the Ski areas promote their business segments to school children and apprentices in local industries. Finally, the Group companies support local aid initiatives and social and sports partnerships: z sport: support for local athletes, ski clubs and regional or federal Committees, a cross-country race in Chantilly, partner of

(help to fund Tourist Offices and are members of Atout France or France Montagne), creating economic benefits for the entire region and local stakeholders. The Ski area teams strive to guarantee access to the ski slopes in winter, to offer quality skiing and to extend access periods. In the summer, they help maintain the tourist areas to encourage the development of different activities. The Group companies contribute to the building and maintenance of resort access roads, primarily through their funding of the Tarentaise road system and RN 90, and also support the municipal infrastructures used by visitors by financing the local and regional shuttles and accommodation Leisure destinations are contributing to the success of regional tourism through their involvement in regional structures, notably tourism boards. By enhancing their capacity and appeal, the leisure parks are becoming bona fide regional and national tourist destinations. For example, Futuroscope is running initiatives with the Vienne tourist board and other tourism players in the department to promote the Pays du Futuroscope brand. Through various levies and taxes (regional economic contribution or equivalent abroad, “Mountain Act” tax, and other licence fees, rental payments, local contractual taxes and contributions), the Group is a major contributor to resources used by regional authorities for site development and social solidarity. The real estate-accommodation policy in the resorts where Compagnie des Alpes is present The Group believes it is duty-bound to consider the future of the resorts and takes a leading role in tackling issues which extend beyond the simple management of its ski lifts. This had led it to turn its attention to accommodation. Foncière Rénovation Montagne The implementation of the project involving the creation of Foncière Rénovation Montagne is a noteworthy illustration of Compagnie des Alpes involvement in partnerships that have a strong regional impact, with local stakeholders. The aim of Foncière Rénovation Montagne is to invest in local real estate with a view to acquiring ageing properties to renovate. By renewing the appeal of these properties, it helps to combat the “cold beds” problem in mountain regions. The “cold beds” phenomenon relates to accommodation that is rarely occupied by its owner and rarely offered for rent or, when it does come on the rental market, nobody wants to rent it: In other words, empty apartments. The resulting imbalance is harmful to the economy of the resorts and the poorly-maintained accommodation can sometimes reduce the appeal of an entire area. Thus, these “cold beds” block constructed but non-productive real estate at a time when real estate resources are in short supply. Through the Foncière Rénovation Montagne initiative, Compagnie des Alpes is trying to create a knock-on effect which encourages local authorities and owners to put their renovated properties back into the sales circuit. Since the start of the initiative, 504 properties have been purchased and renovated (for a total cost of €11 million).

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Compagnie des Alpes I 2017 Registration Document