Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Parent-company financial statements

Futuroscope is invoiced under the General Assistance Agreement, for a total of €900 thousand for the period from 1 October of year N to 30 September of year N+1. This amount was calculated to consider the services actually performed by CDA as well as the resources implemented by Futuroscope itself in the areas concerned. This agreement came into effect on 1 October 2014. At 30 September 2020, income stemming from the agreement amounted to €900 thousand. Implementation of the Foncière Rénovation Montagne project On 12 April 2013, the Board of Directors of Compagnie des Alpes (CDA) decided to authorise the implementation of the Foncière Rénovation Montagne (Mountain Real Estate Refurbishment) project and the signing of the related contract. Thus, in April 2013, Caisse des Dépôts, Banque Populaire des Alpes (BPA), Caisse d’Épargne Rhône-Alpes (CERA), Crédit Agricole des Savoie and CDA jointly established Foncière Rénovation Montagne, a company dedicated to the financing and refurbishment of mountain tourism accommodation. As of that date, CDC held a 48.8% stake in Foncière Rénovation Montagne, BPAURA and CERA each held a 16% stake and Crédit Agricole des Savoie and CDA each held a 9.6% stake. In this context, local real estate companies were established. They are owned by Foncière Rénovation Montagne (the majority shareholder) as well as by local public and private stakeholders (resorts/valleys) such as the ski lift companies and local authorities, via relevant Mixed Economy Companies. At 30 September 2020: l CDA holds a 9.6% stake in Foncière Rénovation Montagne, representing an investment of €786 thousand; l CDA’s investments in the capital of four local real estate companies represent €281 thousand: l Foncière des Écrins: €111 thousand, or 3.1% of the share capital, l Foncière Les Arcs: €59 thousand, or 4.5% of the share capital, l Foncière Les Ménuires: €56 thousand or 7.7% of the share capital, l Foncière La Plagne: €55 thousand or 2.5% of the share capital; l the current account advances granted to Foncière Rénovation Montagne and the local real estate companies amount to €1,071 thousand and €434 thousand, respectively. Licensing agreement with Caisse des Dépôts et Consignations On 28 June 2005, the Supervisory Board approved the signing of a licence agreement for the use of the names “Caisse des Dépôts et Consignations” and “Groupe Caisse des Dépôts”. In consideration, Compagnie des Alpes pays an annual fee of 0.2% of consolidated annual sales (net of VAT), weighted according to the percentage of share capital held by Caisse des Dépôts et Consignations in Compagnie des Alpes at 1 January of each fiscal year. At 30 September 2020, expense stemming from the agreement amounted to €499 thousand. Refinancing – establishment of an amendment to the credit facility agreement and a new depreciable term loan agreement On 26 January 2017, the Board of Directors of Compagnie des Alpes (CDA) decided to authorise the signing of a credit agreement, wherein your Company, acting in the capacity of “Debtor” and “Guarantor”, alongside the “Borrower”, its subsidiary CDA-Financement : l an amendment to the credit facility agreement dated 7 May 2014: this amendment, which was signed on 23 February 2017, lowers the amount of the revolving credit facility from a maximum principal amount of €260 million to an amount of €250 million. This made it possible to review the margins and add two one-year extension options (May 2022 and May 2023). The extension until May 2023 was made official by the amendment of 4 February 2019. As at 30 September 2020, no outstanding amount has been disbursed under this agreement; l a new depreciable term loan agreement for a principal amount of €80 million consisting of a revolving credit facility maturing in 2022 for the A tranche (50%) and in 2023 for the B tranche (50%). The remaining capital due at CDA Financement at 30 September 2020, corresponding to your Company’s guarantee commitment, was €64 million at 30 September 2020.

Neuilly-sur-Seine and Courbevoie, 28 January 2021 Statutory Auditors

PRICEWATERHOUSECOOPERS AUDIT

MAZARS

Françoise Garnier-Bel

Gilles Rainaut

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Compagnie des Alpes I 2020 Universal registration document