Compagnie des Alpes // 2021 Universal Registration Document

VALUE CREATION BASED ON SHARED KNOW-HOW

Compagnie des Alpes is continuing to develop its two activities, the Ski areas and the Leisure parks, based on shared expertise. Excluding the impact of the health crisis in 2020 and 2021, its model benefits from the dynamism of the booming tourism sector.

SECTOR TRENDS

RESOURCES

INVESTING

Compagnie des Alpes' business activity is driven by specific socio-environmental and societal trends that the Group fully incorporates into its strategy.

Human resources

PAYROLL From €185 million in 18/19 to €175 million in 20/21, measures to reduce staff costs (partial unemployment benefits, postponement of hires) were introduced to partially offset the loss of revenue NET CAPITAL EXPENDITURE Continued significant effort despite the crisis: net capital expenditure amounted to €144 million in 20/21

Financial

CLIMATE AND WEATHER CONDITIONS

• Located at high altitudes, the Group’s Ski areas enjoy favourable snow conditions. • The seasonal complementary of the Group’s two business lines reduces its sensitivity to weather conditions. The artificial snow-making programmes in the mountains reinforce this advantage. • The development of new offers has made it possible to extend the non-ski winter and the summer activities in the mountains, as well as the autumn and winter activities in the Leisure parks. • Compagnie des Alpes is rolling out initiatives for new international customers and new generations. • The growing appetite for short stays is a real opportunity for the leisure parks and the boom in outdoor activities is an additional lever for the Ski areas. INCREASINGLY HIGHER EXPECTATIONS OF CORPORATE RESPONSE TO CSR-RELATED ISSUES • The Company must contribute to the creation of shared value, reconciling the economy and sustainability, as well CHANGING CONSUMER HABITS

NET DEBT From €540 million in 18/19 to €502 million (excluding IFRS 16) in 20/21

DISTRIBUTING AND CAPITALISING ON FLOWS

Intangible assets

“Destination” brands with a Europe-wide or even worldwide reputation Well-known retail brands in France Adaptation of distribution channels in 19/20 to offset the closure of some of them (groups, tour operators, works councils, etc.) Appetite for local tourism and for the mountains in summer in the context of the health crisis SKI AREAS Real estate agencies: 25% market share in Group resorts, ( i.e. 13,500 beds under management) LEISURE DESTINATIONS 3 sites with an on-site hotel: Futuroscope, Parc Astérix and Walibi Holland

Real estate

WELCOMING

Human resources

From 3,000 non-permanent FTEs welcomed each year to 1,354 in 20/21

10 Ski areas, 9 outdoor parks and 3 indoor sites

Real estate

Natural resources

Leisure sites close to major cities and Alpine sites with exceptional landscapes and environmental quality

OPERATING AND SECURING

Human resources

Recognised know-how and operational excellence Total headcount = 2,937 FTEs: 18% managers, of which 39% are women

Natural resources

Weather and climatic conditions

Intangible assets

2 Green Globe-certified sites, 2 ISO 50 001-certified sites, 1 Flocon Vert-certified site

as global issues and local challenges in the regions in which it operates (see pages 10/11 of these notes).

COOPERATING AND INTERACTING

Financial

Several hundred million euros in purchases resources

Societal

In 19/20: close collaboration with all national and local stakeholders to manage the health crisis and its impacts

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Compagnie des Alpes I 2021 Universal registration document