Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Parent-company financial statements

4.3

NET FINANCIAL INCOME

At 30/09/2020

At 30/09/2019

(in thousands of euros)

Dividends

55,427

47,001

Income on financial receivables

65

54

SUB-TOTAL DIVIDENDS AND INCOME ON FINANCIAL RECEIVABLES

55,492 -3,340 -3,577 -6,917

47,055 -2,700 -3,556 -6,256

Interest expense on loans and cash pools

Interest expense (bond)

SUB-TOTAL FINANCING COSTS

Reversal of financial provisions Impairment of non-current financial assets

-75,843 -75,843

-20,800 -20,800

SUB-TOTAL PROVISIONS AND IMPAIRMENT (NET)

Write-offs Other

-55

-102

NET FINANCIAL INCOME

-27,323

19,897

Dividends amounted to €55.4 million compared to €47 million in 2019. Impairment of securities and financial receivables was recognised for an amount of €71.2 million (see Note 3.2)

4.4 NON-RECURRING INCOME Non-recurring income amounted to -€0.25 million compared to €0.09 million in 2019 and includes the income (losses and gains) on treasury share buybacks as part of the market promotion programme. CORPORATE INCOME TAX For the fiscal year ended 30 September 2020, Compagnie des Alpes continued to act as the head company of the tax consolidation group. Consolidated subsidiaries were as follows: l Grévin & Cie; l Musée Grévin; l France Miniature; l CDA-Domaines Skiables; l Méribel Privé (formerly Compagnie Immobilière des 2 Savoie); l CDA Financement; l Méribel Alpina; l SCV Domaine Skiable (Serre Chevalier); l CDA Productions; l Avenir Land (Walibi Rhône-Alpes); l Société d’Aménagement de la Station de La Plagne (SAP); l Arcs Domaine Skiable (ADS); 4.5

l CDA Management; l INGELO; l Deux Alpes Loisirs; l SC2A SARL; l CDA DL; l Val-d’Isère Téléphériques (STVI); l Valbus; l CDA Brands; l Serre Chevalier Bail;

l Val-d’Isère Immo; l Deux Alpes Bail; l Ski et Soleil.

The tax consolidation regime of Compagnie des Alpes is based on the general principle of financial neutrality. Each subsidiary member of the tax group states income tax as if the subsidiary were not consolidated, and the parent company declares the total income tax of the tax group. The tax group posted an overall deficit of €13.8 million, after making a carry-back of €1 million, generating tax income of €0.3 million. A tax loss carryforward is made for the tax group for an amount of €13.8 million.

Note 5

Off-balance sheet commitments

The commitments given include: l a liability guarantee granted to Looping Deutschland GmbH during the sale of Fort Fun in the amount of €1 million until 2026; l two liability guarantees amounting to a total of €9.7 million given to the City of Paris for Jardin d’Acclimatation, one for €8.7 million relating to the operating fee due until 2041 and one for €1 million relating to the implementation of the contractual investment programme until 2024;

l a guarantee granted for the SCV PSC fee of €0.6 million; l a six-month rent guarantee granted to the lessor of Chaplin’s World (CHF0.750 million); l as part of the Futuroscope transformation plan; l under the shareholders’ agreement signed on 12 October 2020 with Banque des Territoires - Caisse des Dépôts, the department of Vienne and SEM Patrimoniale de la Vienne, Compagnie des Alpes SA undertook to acquire some of the shares of Société du

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Compagnie des Alpes I 2020 Universal registration document