Compagnie des Alpes // 2020 Universal Registration Document

A SOLID GROUP, WELL-EQUIPPED TO FACE THE CRISIS

DIVERSIFIED LEADER IN THE TOURISM AND LEISURE INDUSTRY

Compagnie des Alpes’ solid and profitable business model is based on the complemen- tarity of its two activities, both in terms of seasonality and location, as well as on the synergies between them. The Group’s strategy aims to create a new dynamic for the ski area business, operate an optimised portfolio of leisure parks in line with its Very High Customer Satisfaction policy, and develop its business in France and internationally. Investments made since 2014 amount to more than €1 billion.

REVENUE CHANGE IN MILLIONS OF EUROS

Business growth was sustained until the start of the Covid-19 epidemic. Losses in revenue during periods when the sites were closed were partially offset by the adjustment of expenses. Lastly, during the summer season, the number of visitors to the sites was affected by health restrictions but proved to be more dynamic than expected thanks to the Group’s marketing know-how and the attractiveness of its assets.

AAGR +8%

€232 million 2019/2020 revenue -19% vs 2018/2019 €360 million 2019/2020 revenue -39% vs 2018/2019

AAGR +3%

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

Ski areas revenue Leisure parks revenue

AAGR: average annual growth rate

1 ST OCTOBER 2019

SUSTAINED GROWTH IN BUSINESS IN LINE WITH THE GROWTH PATTERN OF PREVIOUS YEARS

A FISCAL YEAR MARKED BY THE CRISIS

the reassurance of customers at the time of booking. The leisure parks were thus able to welcome the public in suitable conditions as soon as they reopened. At the same time, the Group was able to operate its ski areas open during the summer ski season while preparing for the next winter season.

As soon as the first lockdown was announced in mid-March, Compagnie des Alpes closed its ski areas and leisure parks that were open. During the spring, strict health protocols were drawn up in close consultation with the public authorities in order to prepare for the gradual reopening of all sites. Priority was given to the safety of employees and visitors as well as to

+ 2.5 % REVENUE + 12.1 % comparable scope REVENUE

Compagnie des Alpes I 2020 Universal registration document 6