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