Compagnie des Alpes // 2021 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE Compensation of corporate officers

3.3.2.6 Equity ratio, change in compensation and Company performance (Article L. 22-10-9 paragraphs 6 and 7 of the French Commercial Code).

This presentation is made in accordance with Article L. 22-10-9 al. 6 and 7 of the French Commercial Code. The table, in accordance with Article L. 22-10-9 par. 6 of the French Commercial Code, shows the level of compensation of the Chairman and Chief Executive Officer (up to 31 May 2021), the Chief Executive Officer (as from 25 March 2021, since he had been Deputy Chief Executive Officer before his appointment as Chief Executive Officer)

and the Deputy Chief Executive Officer (as of 1 st June 2021) in light of the average compensation of employees (excluding corporate officers) and, on the other, the median of the compensation of employees (excluding corporate officers) of Compagnie des Alpes, as well as changes in this ratio over the five most recent financial years. It should be noted that the Chairman of the Board of Directors does not receive any compensation.

RATIO OF THE COMPENSATION OF EXECUTIVE CORPORATE OFFICERS IN RELATION TO THE COMPENSATION OF COMPANY EMPLOYEES (AVERAGE AND MEDIAN)

Change over five years

Dominique Marcel - Chairman and Chief Executive Officer (until 31 May 2021) Annual compensation paid to the Chairman and CEO (1) Change in annual compensation paid to the Chairman and CEO

2016/2017 2017/2018 2018/2019 2019/2020 2020/2021 €588,038 €533,070 €476,558 €472,557 €302,912

-48%

4%

-9%

-11%

-1%

-36%

EBITDA (in thousands of euros)

€207,203 €218,344 €232,292 €93,775 €70,568

-66%

-25%

EBITDA change

13%

5%

6%

-60%

Change in average annual compensation paid to CDA SA employees (2)

-2% 6.08

9%

0%

-4% 4.68

-17% 5.25 12% 6.50

-14% -13%

Chairman and CEO to Average Pay ratio

5.05 -17% 6.41 -11%

4.52

Change in RATIO as% of average compensation paid to employees

7%

-10%

4%

Chairman and CEO to Median Pay ratio

-10%

7.23

5.71

5.67 -1%

Change in RATIO as% of median compensation paid to employees 15% (1) The annual compensation paid to the Chairman and CEO during the financial year (until 31 May 2021) includes the following compensation components: fixed compensation, variable compensation, benefits in kind and incentive. (2) The annual compensation paid to Company employees (excluding corporate officers) during the financial year on the basis of a full-time equivalent within the Company CDA SA includes the following items of compensation: fixed compensation, variable compensation, benefits in kind, profit-sharing and free performance shares. 3% -11%

Change over five years

2016/2017 2017/2018 2018/2019 2019/2020 2020/2021

Dominique Thillaud - Chief Executive Officer (from 25 March 2021)

Annual compensation paid to the CEO (1)

€207,246

Change in annual compensation paid to the Chairman and CEO

N/A

€70,568

EBITDA (in thousands of euros)

-25% N/A 4.79 N/A 5.93

EBITDA change

Change in average annual compensation paid to CDA SA employees (2)

Chairman and CEO to Average Pay ratio

Change in RATIO as% of average compensation paid to employees

Chairman and CEO to Median Pay ratio

Change in RATIO as% of median compensation paid to employees N/A (1) The annual compensation paid to the CEO during the financial year (as of the 25 March 2021) includes the following compensation components: fixed compensation, variable compensation, benefits in kind and incentive. (2) The annual compensation paid to Company employees (excluding corporate officers) during the financial year on the basis of a full-time equivalent within the Company CDA SA includes the following items of compensation: fixed compensation, variable compensation, benefits in kind, profit-sharing and free performance shares.

86

Compagnie des Alpes I 2021 Universal registration document