Compagnie des Alpes // 2020 Universal Registration Document

1 INTRODUCTION TO COMPAGNIE DES ALPES AND ITS ACTIVITIES History

Accelerating the sector’s recovery through consulting assignments. To support the recovery of the sector, Compagnie des Alpes proposes to use its expertise in feasibility studies, concept development or optimisation and master planning for public and private stakeholders to encourage the emergence of new leisure sites, the revitalisation of existing sites in difficulty and overall to contribute to a better distribution of the leisure offer in the region. In addition, it will be able to study whether to take charge of operations through management or assistance contracts in order to relaunch promising sites in difficulty.

experience is being developed, notably via the applications that are real companions for visitors to each of the brands. The acceleration of this strategy of digitisation of the customer relationship in the coming years will also be a lever for amplifying our customer knowledge. Thanks to the development of in-house expertise, this knowledge will open up new opportunities to optimise our strategies for building loyalty, and winning and improving customer satisfaction and value.

1.3 History

1989: Creation of Compagnie des Alpes by Caisse des Dépôts

2005-2006 Through a proactive acquisition policy, Compagnie des Alpes was able to balance out its businesses in that year and became a front-line player in leisure parks in Europe. 2006: Walibi Holland, Walibi Belgium, Aqualibi, Walibi Sud-Ouest, Walibi Rhône-Alpes, and Bellewaerde consolidated, and Bioscope opened. 2007-2008 The stake in Sofival in 2008 was the latest major capital-intensive development for Compagnie des Alpes. It coincided with the Group’s acquisition of Val-d Isère (STVI – Société de Téléphérique de Val- d’Isère). 2007-2008: Minority stake taken concomitantly in Avoriaz, Valmorel and La Rosière . 2009: The 2 Alpes ski area (Deux Alpes Loisirs – DAL) joined Compagnie des Alpes. 2009-2010: Rationalisation and Strategy refocusing Reorganisation undertaken to enable more industrialised and integrated operations across all sites, in line with the Company’s development ambitions. The stakes in operating companies in Switzerland and Italy were sold. The Group currently has minority stakes in four French companies; Chamonix (37.5%), Avoriaz (20%), Valmorel (20%) and La Rosière (20%). 2010: Financial restructuring Medium- and long-term bank debt refinancing, capital increase of €100 million and €200 million bond issue. 2011: Futuroscope joined the Group, while control was relinquished over a group of seven non-strategic leisure parks: Bagatelle, Aquarium de Saint Malo, Parc des Mini Châteaux, Aquarium du Val de Loire, Aquaparc du Bouveret in Switzerland, Avonturenpark Hellendoorn in the Netherlands, and Pleasurewood Hills in the UK. The Group held a 27% stake in the acquiring company, Looping Holding (HIG group), up until April 2014.

1989-1990: Tignes (STGM – Société des Téléphériques de la Grande Motte) and Peisey-Vallandry (STAG – Société des Téléphériques de l’Aiguille Grive) consolidated under the acquisition policy. 1991-1994: La Plagne (SAP – Société d’Aménagement de La Plagne), Les Arcs (STAR – Société des Téléphériques de l’Aiguille rouge) and Chamonix – Les Grands Montets (Satal – Société d’Aménagement du Téléphérique Argentiére-Lognan) consolidated. 1994: Compagnie des Alpes floated on the second marché of the Paris Stock Exchange 1995: Les Ménuires (Sevabel – Société d’Exploitation de la Vallée des Belleville) consolidated. 1996: Minority stake taken in Courmayeur (CMBF Courmayeur Mont- Blanc Funivie) and Val d’Aoste (Italy). 1997: Flaine, Samöens, Morillon and Sixt (Grand Massif) consolidated. 2000: Méribel Alpina and Téléverbier (Switzerland) consolidated. 2001: Minority stake taken in Saas-Fee (SFB – Saas-Fee Bergbahnen, Switzerland). 2002: Diversification Compagnie des Alpes diversifies its business by launching a friendly takeover bid on the capital of Grévin et Compagnie (a group of ten parks: Musée Grévin, Parc Astérix, France Miniature, Grand Aquarium de Saint-Malo, Parc des Mini Châteaux and Aquarium du Val de Loire, Bagatelle, Avonturenpark Hellendoorn and Dolfinarium in the Netherlands, and Fort Fun in Germany). 2003: Aquaparc in Bouveret (Switzerland) consolidated. 2004: Panorama Park (Germany) and Pleasurewood Hills (England) consolidated. 2004: Privatisation Caisse des Dépôts et Consignations (CDC) holds only 40% of CDA capital (compared to 53% prior). CDC sells a 13% stake to three banking groups with a strategic interest in the Alps region. 2004-2005: Serre Chevalier (SC 1350 – Serre Chevalier Ski Développement) and Aletsch Riederalp (Switzerland) consolidated. 2005: Planète Sauvage (Loire-Atlantique) and Mer de Sable (Oise) consolidated.

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Compagnie des Alpes I 2020 Universal registration document