Compagnie des Alpes // 2021 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

6.3

PROPERTY, PLANT AND EQUIPMENT (OWNED AND UNDER CONCESSION)

Property, plant and equipment break down as follows:

At 30/09/2021

At 30/09/2020 Acquisitions Subsidies Disposals Increases Reversals

Change of scope Other

(in thousands of euros)

Gross amount Land and improvements Ski run and trail works

78,162

222 595 121

-768

-2,503 3,856

75,113

106,441 187,249 460,608 848,231 47,322 463,211 213,998

110,892 188,237 475,470

Snow-making

-140

1,007

Buildings, offices, shops, other spaces

1,690 8,300 5,141 7,577 5,258

-2,867 -5,781 -5,371 -3,135 -2,277

855 15,184

Ski lifts

14,196 864,946

Grooming machines

1,030

48,122

Rides

21,766 489,419

Materials and equipment

1,185

7,592

225,756

Other items of property, plant and equipment Property, plant and equipment in progress Advances and down-payments on non-current assets SUBTOTAL: GROSS AMOUNT Depreciation and amortisation Land and improvements

107,095

1,038

-1,663 -1,206

508

105,772

84,538 102,363

-539

-62,551

123,811

2,054

1,275

-3.089

240

2,598,909 133,580

-1,663 -22,084

2,040 -3,004 2,707,778

-33,630 -47,272 -125,978 -266,365 -482,793 -31,465 -248,873 -155,678

-2,059 506

1,673

-33,510 -50,048 -132,027

Ski run and trail works

-2,776

Snow-making

-6,190 140 -18,506 2,577 -34,923 5,913 -6,526 5,275 -22,550 2,899 -18,477 2,058

1

Buildings, offices, shops, other spaces

-429

183 -282,540 19 -511,784

Ski lifts

Grooming machines

-1,457

-34,173

Rides

-3 4,686 -263,841 -658 -2,439 -175,194

Materials and equipment

Other items of property, plant and equipment

-78,773

-6,426 1,812

-20 -598

-84,005

SUBTOTAL: DEPRECIATION ANDAMORTISATION

-1,470,827

-118,433 21,180 -1,110 2,069 -1,567,122

NET AMOUNT

1,128,082 133,580

-1,663 -22,084 -118,433 21,180

930 -935 1,140,656

Gross amount of directly-owned assets Depreciation of directly-owned assets

1,274,788 -732,270

63,286

-290 -13,703

2,040 -3,788 1,322,333

-64,716 12,593 -1,110 2,133

-783,371

NET AMOUNT OF DIRECTLY-OWNED ASSETS

542,518 1,324,121 -738,557

63,286 70,294

-290 -13,703 -64,716 12,593

930 -1,655 538,962

Gross amount of concession assets Depreciation of concession assets NET AMOUNT OF CONCESSION ASSETS

-1,373 -8,381

784 1,385,445 -64 -783,751

-53,717 8,587

585,564

70,294

-1,373 -8,381 -53,717 8,587 -1,663 -22,084 -118,433 21,180

720 601,694

NET AMOUNT

1,128,082 133,580

930 -935 1,140,656

Gross investments for the period amounted to €133.6 million and mainly break down as follows: l in the Ski areas segment (€79.3 million), this relates to the completion of capital expenditure programmes prior to the 2020/2021 winter season and to the initial work carried out for the 2021/2022 season. They mainly correspond to investments relating to the development of Ski areas (ski run and trail works, ski lifts and artificial snow);

l in the Leisure parks segment (€54 million), this breaks down into investments to boost appeal (€38.1 million), investments for maintenance and miscellaneous investments (€15.9 million); l the “Changes in scope” column includes the acquisition of the ten companies under the Evolution 2 license; l lastly, the “Other” column mainly includes the allocation of assets in progress at 30 September 2021, scrapped items and translation adjustments.

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Compagnie des Alpes I 2021 Universal registration document