Compagnie des Alpes // 2021 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

5.2

EBITDA BY DIVISION

EBITDA breaks down as follows:

Ski areas Total 30/09/2021 30/09/2020 30/09/2021 30/09/2020 30/09/2021 30/09/2020 30/09/2021 30/09/2020 Leisure parks Holdings and supports

(in thousands of euros)

Revenue

11,433 360,225

221,723 232,064

7,417

23,357

240,573 615,645

EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTISATION Operating margin (EBITDA/revenue)

74,706 123,258

27,505

1,155 -31,643 -30,638

70,568

93,775

653.4%

34.2%

12.4%

0.5%

NS

NS

29.3%

15.2%

Figures for capital expenditure by segment are also shown below, together with the proportion of revenue they account for.

Ski areas Total 30/09/2021 30/09/2020 30/09/2021 30/09/2020 30/09/2021 30/09/2020 30/09/2021 30/09/2020 Leisure parks Holdings and supports

(in thousands of euros)

NET CAPITAL EXPENDITURE

24,494

80,082

57,949

86,081

9,834

8,944

92,277 175,107

Capital expenditure as a proportion of revenue

214.2%

22.2%

26.1%

37.1% 132.6%

38.3%

38.4% 28.4%

5.3

OTHER OPERATING EXPENSES AND INCOME

30/09/2021

30/09/2020

(in thousands of euros) Ski lift compensation

168,293 13,257 -2,999 -6,582 -3,131 168,839

- -

Leisure parks and Tour operator compensation

PSC, brand and other fees

-26,700 -5,659

Provision increases and reversals Other income and expenses

4,658

OTHER OPERATING EXPENSES AND INCOME

-37,017

Compensation for Ski lifts and Leisure parks is described in Highlights of the year (section 5.3.2).

5.4

OTHER OPERATING INCOME AND EXPENSES

They break down as follows:

30/09/2021

30/09/2020

(in thousands of euros) Goodwill impairment

-55,200

-48,754

Exceptional income and expenses related to the early termination of the Deux Alpes PSC Exceptional income and expenses related to the closure of Grévin Montréal

2,166

-3,115

-671

Other

-1,230

679

OTHER OPERATING INCOME AND EXPENSES

-54,935

-51,190

The impairment of goodwill breaks down as follows:

30/09/2021

30/09/2020

(in thousands of euros)

Travelfactory goodwill impairment Leisure parks BU goodwill impairment

-7,354

-55,200 -55,200

-41,400 -48,754

GOODWILL IMPAIRMENT

The exceptional income and expenses related to the termination of the Deux Alpes PSC break down as follows:

30/09/2021

30/09/2020

(in thousands of euros)

Early termination indemnity (share) Deux Alpes Loisirs goodwill impairment

2,621

3,790 -4,196 -2,709 -3,115

-

Provisions for risks and expenses related to termination

-455

EXCEPTIONAL INCOME AND EXPENSES RELATED TO THE TERMINATION OF THE DAL PSC

2,166

167

Compagnie des Alpes I 2021 Universal registration document