Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

Concession granted in September 1970 by the municipality of Bonneval s/Arc initially for a 30-year period and extended in 1994 for an additional 18 years to 9 April 2019. An amendment was signed on 5 April 2019, bringing the end of this concession to 30 November 2019. Between 5 April 2019 and December 2020, three successive amendments extended the concession period until the 1 September 2021. l Deux Alpes Loisirs (DAL) – Les Deux Alpes: Concession granted on 21 June 1993 by the municipality of Mont-de- Lans for a 30-year period (until 2023). This concession was terminated in advance on 28 November 2019, effective 1 December 2020. Concession granted on 14 January 1994 by the municipality of Venosc for a 30-year period (until 2024). This concession was terminated in advance on 28 November 2019, effective 1 December 2020. Concession granted on 21 September 1993 by the municipality of Saint Christophe-en-Oisans for a 30-year period (until 2023). This concession was terminated in advance on 28 November 2019, effective 1 December 2020. Concession signed on 5 December 2013 with the municipality of Chamonix for the Chamonix ski areas for a 40-year period ending 5 December 2053. Concession signed on 6 January 1989 with the municipality of Chamonix for Aiguille du Midi for a 40-year period ending 31 December 2028. Concessions for the operation of the Tramway du Mont-Blanc and the Train du Montenvers granted by the department of Haute-Savoie in 1988 and 1998 for 30- and 25-year periods ending, respectively, on 31 December 2018 (extended until 31 May 2020) and on 31 December 2023. The Mont-Blanc Tramway concession was renewed from 1 June 2020 for a period of 15 years until June 2035. Concession for the operation of Les Houches/Saint-Gervais (through its 72.5%-owned subsidiary, LHSG) for a 30-year period from 1 December 2011 to 30 November 2041. l Société des Remontées Mécaniques de Megève (SRMM) - Megève: Concession for the operation of the downstream sector Princesse, signed on 10 December 2002 by the municipality of Demi-Quartier, for a 30-year period ending on 9 December 2032. Concession for the Crêtes du Mont d’Arbois and the upstream sector Princesse, signed on 10 March 1989 by the municipality of Saint- Gervais, for a 30-year period ending on 9 March 2019 and extended by an additional clause until 2023. Concession for Mont d’Arbois and Rocharbois, signed on 15 April 1993 by the municipality of Megève, for a 30-year period ending on 14 April 2023. Concession granted on 15 April 1993 by the municipality of Megève for Rochebrune for a period of 30 years, ending on 14 April 2023. An amendment was signed on 21 June 2016, extending the contract for a period of ten years until 14 April 2033. l Société d Exploitation des Remontées Mécaniques de Morzine Avoriaz (SERMA) - Morzine/Avoriaz: The company operates a concession granted by the municipality of Morzine, which runs to 13 June 2032, and a concession granted by the municipality of Montriond, which runs to 13 June 2032. The agreements of equity affiliates are as follows: l Compagnie du Mont-Blanc (CMB) – Chamonix:

l Société d Exploitation de la Vallée des Belleville (Sevabel) - Les Ménuires: Concession for the operation of the Saint-Martin-de-Belleville ski area, granted by the municipality of Les Belleville initially for the period from 1 December 1990 to 31 May 2017 (27 years) and extended on 16 May 2001 for four years to 31 May 2021, then on 29 March 2016 for ten years to 31 May 2031. Concession for the operation of the Ménuires ski area granted by the Syndicat Mixte pour l’Aménagement de Belleville (SYMAB, grouping of several municipalities) initially for the period from 1 December 1990 to 31 May 2017 (27 years) and extended on 11 August 2000 for four years up to 31 May 2021, then on 29 March 2016 for 10 years up to 31 May 2031. l Méribel Alpina: Concessions granted respectively by the municipality of Les Allues for the period from 18 December 1989 to 17 December 2019 (30 years), extended until 31 May 2034, and by the municipality of Brides-les- Bains for the period from 30 June 1992 to 17 December 2019 (27 years), which was extended on 17 June 2019 for an additional period of 15 years. It should be noted that this extension is subject to review by the administrative authorities and could be reduced if necessary. l Grand Massif Domaines Skiables (GMDS): Concession granted by the department of Haute-Savoie, amended by an additional clause, for the period from 9 January 1989 to 8 January 2019 (30 years), subsequently renegotiated for five years up to 2024. Concession for the operation of new ski lifts and ski runs granted by the municipality of Magland for the period from 4 July 2000 to 30 April 2025 (25 years). Concession for the operation of new ski lifts and ski runs granted by the municipality of Arâches-la-Frasse in the part of its territory falling within the Flaine ski area for the period from 9 July 2004 to 30 April 2029 (25 years). Concession for the operation of new ski lifts and ski runs granted by the municipality of Morillon for the period from 8 July 2016 to 31 May 2047 (31 years). Concession for the operation of new ski lifts and ski runs granted by the municipality of Samoëns for the period from 1 September 2000 to 30 April 2030 (30 years). A renegotiation is underway to extend the contract until 2044. Concession signed on 28 January 2013 with the municipality of Sixt- Fer-à-Cheval for a 40-year period ending 30 September 2053. l SCV Domaine Skiable – Serre Chevalier: Concession granted by the municipality of Saint-Chaffrey for the management and operation of the new ski lifts and the ski area for the period from 1 December 2004 to 30 August 2034 (30 years). Concession granted by the Syndicat Intercommunal de Gestion et d’Exploitation des Domaines d’Hiver et d’Été de Serre Chevalier 1400- 1500 (SIGED, grouping of several municipalities) for the operation of ski lifts and ski runs for the period from 1 November 1998 to 31 October 2018 and replaced by a new concession on 14 December 2017 for the period from 1 November 2017 to 31 October 2047 (30 years). Concession granted by the Syndicat Intercommunal à Vocation Unique du Prorel (single-purpose grouping of municipalities) for operation and management of the Massif du Prorel facilities for the period from 15 December 2006 to 31 October 2034. l Société de Téléphérique de Val-d Isère (STVI) - Val-d Isère: Concession granted in May 1982 by the municipality of Val-d’Isère initially for a 30-year period (expiring in 2012) and extended in 1991 for 8 years (until July 2020), and again in 2014 for 12 years (until July 2032).

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Compagnie des Alpes I 2020 Universal registration document