Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION Activity and results of S.A.

5.2.3 COMPANY KEY FIGURES

The Company’s key figures are as follows:

30/09/2016 30/09/2017 30/09/2018 30/09/2019 30/09/2020

(in millions of euros)

Net financial assets Shareholders’ equity

849.1 551.3 286.5

839.3

832.6 548.8 275.1

883.0 547.5 328.0

820.2 498.1 309.8 -32.4

544

Net debt* Net income Net dividend

289.2

13.4

2.5

17

14.6 15.9

9.7

12.2

12.2

-

* Borrowings less cash and cash equivalents in the balance sheet assets.

5.2.4 DIVIDEND POLICY

The dividend is set each year by the Board of Directors at its December meeting. Compagnie des Alpes dividends paid out for the last three fiscal years (which allow individual shareholders domiciled in France to take a tax deduction) were as follows: l fiscal year 2016/2017: dividend per share of €0.50 paid in cash on 8 March 2018;

l fiscal year 2017/2018: dividend per share of €0.65 paid in cash on 14 March 2019; l fiscal year 2018/2019: dividend per share of €0.70 paid in cash on 12 March 2020. For the 2019/2020 fiscal year, the Board of Directors proposes to the Shareholders’ Meeting not to pay any dividends to the shareholders.

5.2.5 INFORMATION ON PAYMENT PERIODS

In accordance with the provisions of Article D. 441I.-1 and -2 of the French Commercial Code, we hereby disclose information on the time taken to settle accounts payable, and receivables from customers.

Article D. 441 I.-1: invoices received but not paid at the balance sheet date of the fiscal year for which the term has expired

Article D. 441 I.-2: invoices issued but not paid at the balance sheet date of the fiscal year for which the term has expired

Total 1 day and over 0 days

Total 1 day and over

1 to 30 days

31 to 60 days

61 to 90 days

91 days and more

1 to 30 days

31 to 60 days

61 to 90 days

91 days and more

0 days

(in thousands of euros)

(A) Late payment instalments Number of invoices concerned 111

151

10

43

Total amount of invoices concerned (including taxes) Percentage of total amount of purchases

241

38

6 584

129

757

504 205

2 1,475

421 2,103

(excluding taxes) for the fiscal year

2.07% 0.33% 0.05% 5.02% 1.11% 6.50%

Percentage of pre-tax sales for the fiscal year

1.73% 0.70% 0.01% 5.05% 1.44% 7.21%

(B) Invoices excluded from (a) relating to disputed or unrecognised liabilities and claims Number of invoices excluded - - - - 6 - Total amount of the invoices excluded - - - - 129 - (C) Late payment instalments Payment periods used for calculating late payments Period of 45 days from the date of receipt of invoice

Period of 45 days from the date of issue of invoice

136

Compagnie des Alpes I 2020 Universal registration document