Compagnie des Alpes // 2021 Universal Registration Document

2 RISK FACTORS

2.1 RISK MANAGEMENT PROCEDURES

32

2.5 REGULATORY AND COMPLIANCE RISKS 37 2.5.1 Risk of Non-compliance 37 2.5.2 Risk of major loss of public service concession* 37

2.2 STRATEGIC RISKS

33

2.2.1 Risks related to changes in leisure consumption patterns* 2.2.2 Risks related to the real estate market situation 2.2.3 Risks related to the effects of climate change* 2.2.4 Risks related to the competitive environment 2.2.5 Risks related to a major epidemic-pandemic*

2.6 CRISIS MANAGEMENT PROCEDURES

38

33 33 34 34 34

2.7 INSURANCE - RISK COVER

38

2.7.1 Civil liability insurance

38

2.7.2 Property damage and business interruption insurance

38

2.3 OPERATIONAL RISKS

35 35 35 35 36 36 36

2.8 INTERNAL CONTROL PROCEDURES

39 39

2.3.1 Risks of cyber-attack - cyber risk* 2.3.2 Risks of failure of information systems*

2.8.1 Internal control procedures

2.8.2 Process for preparing accounting and financial information

2.3.3 Risk of bodily injury

40 41

2.3.4 Security risks

2.8.3 Monitoring

2.4 HUMAN RISKS

2.4.1 Risks of shortage of human resources*

2.4.2 Personnel security risks

37

31

Compagnie des Alpes I 2021 Universal registration document