Compagnie des Alpes // 2020 Universal Registration Document

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

1.1.3 HOLDING AND SUPPORT ACTIVITIES (AROUND 3.8% OF THE GROUP’S 2019/2020 CONSOLIDATED REVENUE)

1.1.3.2 Consulting activities Based on its first-hand experience as a leading ski resort and leisure park operator, Compagnie des Alpes has developed a consulting business. This subsidiary mainly offers its expertise to international clients and covers the following areas: l development of site concept and market positioning; l master planning;

This division now includes the consulting business of CDA Management and CDA Beijing, the online holiday retailing operations, CDA’s legacy real estate agencies (previously consolidated under the Ski areas BU), and the operations of Travelfactory, acquired in January 2018. 1.1.3.1 Distribution activities This BU includes the Travelfactory group since 1 January 2018, along with four other Group companies with similar business activities, including SC2A, Pierre & Neige and SCIVABEL. For holiday retailing, the revenue corresponds to the margin or commission on the packages sold, except for the revenue provided by purchases of accommodation or ski passes, which is accounted for on the basis of the activity. Travelfactory business, over FY 2019/2020, was down due to the early closure of the ski areas from mid-March and to the lockdown measures. This year, Travelski continued its international development with, in particular, the acquisition of a Dutch tour operator, Snowtime.

l construction support; l preparing for launch; l operational support.

This consulting business is operated by CDA Management and its subsidiary CDA Beijing, which is in charge of contracts in China. During FY 2019/2020, consulting activities recorded a good performance, thanks in particular to the development of a new contract in China.

For 2019/2020, the revenue of the Holdings and Supports Division amounted to €23.3 million.

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Compagnie des Alpes I 2020 Universal registration document