Compagnie des Alpes // 2020 Universal Registration Document

1 INTRODUCTION TO COMPAGNIE DES ALPES AND ITS ACTIVITIES Activities, markets and competition

Serre Chevalier Vallée Situated in the southern Alps in the Écrins National Park, Serre Chevalier Vallée is a ski resort made up of authentic villages, as well as Briançon, a town that is a UNESCO World Heritage site for its Vauban fortifications. The ski area is one of the largest in Europe. Eighty percent of its surface area is above the 2,000-metre altitude mark and its north-facing slopes offer excellent natural snow conditions from mid-December to the end of April. Additionally, Serre Chevalier has one of the largest artificial snow- making networks in Europe to ensure optimum skiing conditions all through the winter. Big-league skiing at high altitudes, unhurried skiing in larch forests, fun skiing in designated fun areas, and family skiing in protected zones Serre Chevalier has something for every kind of skier. The company SCV Domaine Skiable, a subsidiary of the Group, operates the Serre Chevalier Vallée ski area. It generated revenue of €33.2 million in 2019/2020, with 1.1 million skier-days. Compagnie des Alpes Group companies develop and operate Leisure parks in three main areas: l theme parks; l edutainment sites; l animal parks. Compagnie des Alpes offers attractions based on strong brands (Astérix, Grévin Paris, Futuroscope, Walibi, etc.) and provides its customers with leisure experiences, unique thrills, and cultural and educational excursions in a completely safe environment. At 30 September 2020, the Compagnie des Alpes Group operated 13 (1) sites, representing nearly 5.4 million annual visits, including 5 parks in France, 4 in Belgium, 1 in the Netherlands, 1 in Switzerland, 1 in Austria and 1 in Canada. It also holds a 20% minority interest in the Jardin d’Acclimatation Park in Paris, alongside the LVMH group. In addition to operating ski areas, which essentially takes place in the heart of winter, the leisure sites business is concentrated in the spring, summer, and to a lesser extent, the fall.

Les Deux Alpes Situated at the border between the northern and southern Alps, in the heart of the Massif de I’Oisans, the Deux Alpes resort enjoys international fame, mainly due to its ski area: 225 kilometres of marked ski runs and trails, starting at 1,300 metres and reaching 3,600 metres in altitude, the summit of the biggest skiable glacier in Europe with a 360° panoramic view of the Alps. The ski area has several distinctive characteristics: the “natural snow” guarantee thanks to the glacier, ski-in- ski-out access from one’s residence, an internationally renowned snowpark at 2,600 metres, and the opportunity to race down a run with a difference in elevation of 2,300 metres, without having to take a ski lift. In summer, 200 hectares of glacier are equipped for snow sports.

The Deux Alpes ski area is managed by DAL, a subsidiary of Compagnie des Alpes. It generated revenue of €33.2 million in 2019/2020 with 0.9 million skier-days.

1.1.2 LEISURE PARKS (37.7% OF GROUP CONSOLIDATED REVENUE IN 2019/2020)

Leisure park revenues are generated through entry-ticket sales (about 60% of revenue) and customer spending on park grounds, mainly restaurants and shops. Costs relate to personnel, facilities, purchases, marketing, and current operating expenses. 1.1.2.1 Market and competition in Europe and France The European Leisure parks market is estimated at over 160 million visitors (2) . With nearly 5.4 million visitors and revenue of €232.1 million in 2019/2020, Compagnie des Alpes is the fourth largest industry player in Europe. The European leisure market is very diverse, with many family-owned or independent parks, and over one million visitors per season.

2019 visitor numbers (in millions)

2018 visitor numbers (in millions)

Park

Country

Europa Park De Efteling Tivoli Gardens Port Aventura

5.7 5.3 4.6 3.7 2.9 2.9

5.7 5.4 4.8 3.6 3.1 2.9

Germany

Netherlands

Denmark

Spain

Liseberg

Sweden

Gardaland

Italy

Source: TEA/AECOM 2019 Global Attractions Attendance Report.

(1) On 1 April 2019, Compagnie des Alpes acquired 100% of the shares in Familypark, the leading Austrian leisure park. (2) Source: IAAPA Global Theme and Amusement Park Outlook – 2015/2019.

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Compagnie des Alpes I 2020 Universal registration document