Compagnie des Alpes // 2021 Universal Registration Document
KEY INDICATORS
After reaching record levels of activity and results in 2018/19, Compagnie des Alpes’ profitable growth trajectory was abruptly interrupted by the health crisis from March 2020. Even more so than in 2019/2020, the financial year 2020/2021 was marked by long periods of site closures. Nevertheless, the Group recorded a very strong recovery in its business in the 4 th quarter of 2020/2021.
SKI AREAS (1)(2) Revenue
LEISURE PARKS (1)(3) Revenue
GROUP (2)(3)(4) Revenue
AAGR +3.5%
AAGR +5.2%
444
AAGR +7.7%
854
417 429
387 401
381
762 801
360
696 720
326 340
616
283 298
222 232
241
11
14/15 15/16 16/17 17/18 18/19
19/20
20/21
14/15 15/16 16/17 17/18 18/19
19/20
20/21
14/15 15/16 16/17 17/18 18/19
19/20
20/21
Revenue (€ millions) Average annual revenue growth rate
Revenue (€ millions) Average annual revenue growth rate
Revenue (€ millions) Average annual revenue growth rate
SKI AREAS (1) EBITDA and EBITDA margin*
LEISURE PARKS (1)(2) EBITDA and EBITDA margin*
GROUP (1)(3) EBITDA and EBITDA margin*
AAGR +4.9%
AAGR +12.3%
AAGR +8.2%
97
166
232
154 159
137 146
203 218
77 82
123
37.0 37.1 37.3
24.3 169 184 25.5
36.5
27.3
27.2
26.7
61 63
25.5
35.5
24.1
23.7
75
94
21.7 21.3
71
27
1
14/15 15/16 16/17 17/18 18/19
19/20
20/21
14/15 15/16 16/17 17/18 18/19
19/20
20/21
14/15 15/16 16/17 17/18 18/19
19/20
20/21
Earnings before interest, taxes, depreciation and amortisation (EBITDA) in €m. EBITDA average annual growth rate. EBITDA margin = EBITDA / revenue.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) in €m. EBITDA average annual growth rate. EBITDA margin = EBITDA / revenue.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) in €m. EBITDA average annual growth rate. EBITDA margin = EBITDA / revenue.
Outlook For financial year 2021/2022, Compagnie des Alpes is anticipating that sales will continue to be impacted by the consequences of the health crisis, as well as by increases in some operating costs. Provided that the health situation does not deteriorate once again, the Group expects sales and EBITDA to recover to pre-crisis levels as of 2022/2023, followed by a return to the growth trajectory for sales and EBITDA margins thereafter.
(1) The data for 2013-2017 by business area has been restated to take into account the reclassifications between Business Units operated by the Group since 2017/2018. (2) Excluding Les Deux Alpes since December 2020. (3) Including Family Park from April 2019. (4) Group revenue, which includes the Holdings & Supports BU, has included Travelfactory since January 2018. * Pre-IFRS 16 EBITDA and EBITDA margin until 2018/2019, post-IFRS 16 from 2019/2020.
16
Compagnie des Alpes I 2021 Universal registration document
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