Compagnie des Alpes // 2021 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

Legal structure

% shareholding HOLDINGS and SUPPORTS

Consolidation method (1)

Legal structure

% shareholding

Consolidation method (1)

HOLDINGS and SUPPORTS

CDA Financement 75009 Paris

Travelfactory 92210 Clichy Djay 92210 Clichy TFI Raanana, Israel Simply to ski 92210 Clichy Skiline Antwerp, Belgium

FC SNC

100

FC SAS

100

CDA-DS 75009 Paris

FC SAS

100

FC SAS

100

Loisirs Ré L – 2633 Senningenberg (GDL)

FC

SA

100

FC SAS

100

Ingélo 73000 Chambéry

FC SAS

100

FC SAS

65.00

CDA MANAGEMENT 75009 Paris

FC SAS

100

FC SPRL

100

CDA Beijing China – Beijing

Snowtime Amsterdam, Netherlands

FC LTD

100

FC SARL

100

SC2A 38860 Mont-de-Lans Pierre et Neige 38860 Mont-de-Lans

FC

SA

98,25

FC

SA

98,25

SCIVABEL 73440 St-Martin-de-Belleville

FC SCI

81,62

(1) FC = Full consolidation. EA = Equity accounted.

(1) FC = Full consolidation. EA = Equity accounted.

Note 5

Information on the consolidated income statement

The summary information intended for strategic analysis and decision- making by the Group’s Executive Management and Deputy Chief Executive Officer (the chief operating decision-makers referred to in IFRS 8) is organised around the following indicators, by operating segment: l revenue;

l EBITDA (earnings before interest, taxes, depreciation and amortisation) and EBITDA margin: EBITDA measures the current operating performance of the segments (revenue – direct costs, which include the re-invoicing of operational services provided by support subsidiaries and holding companies); l net capital expenditure and net rate of capital expenditure to sales ratio.

5.1 REVENUE Revenue in the Ski areas segment mainly consists of sales of ski lift passes (approximately 99% of business line revenue). Revenue in the Leisure parks segment mainly comprises sales of admission tickets (in non-pandemic times, about 54% of business segment revenue), with the remainder coming from restaurants, stores, merchant services and various ancillary businesses. Performance by geographic area is presented for the businesses in France and outside France based on the destination of sales recorded.

Geographic area (in thousands of euros)

Holdings and supports

TOTAL 168,113 72,460 240,573 540,327 75,318 615,645

Ski areas

Leisure parks

France

11,433

150,215 71,508 221,723 158,636 73,428 232,064

6,465

Excl. France

-

952

TOTAL AT 30/09/2021

11,433 360,225

7,417

21,466

France

Excl. France

-

1,891

TOTAL AT 30/09/2020

360,225

23,357

As the Ski areas and Leisure parks were not authorised to operate during the winter and spring of 2020/21, revenue fell in the autumn of 2020 (before closing on 27 October) and in the summer of 2021.

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Compagnie des Alpes I 2021 Universal registration document