Compagnies des Alpes // 2019 Universal Registration Document

5 FINANCIAL INFORMATION

Activities and results of S.A. Compagnie des Alpes

5.1.3 EVENTS AFTER THE REPORTING PERIOD

See Note 8.4 of the additional notes to the consolidated fi nancial statements regarding post-closure events.

5.2 Activities and results of S.A. Compagnie des Alpes 5.2.1 ROLE OF COMPAGNIE DES ALPES WITHIN THE GROUP

The role of Compagnie des Alpes SA is to hold investments, monitor, manage, and control Group development, and manage the main senior executives. The Company places resources and services at the disposal of its subsidiaries, especially with a view to making management more e ffi cient, and undertakes speci fi c projects aimed at developing the business internationally and generating synergies between the segments. To this end, Compagnie des Alpes SA assumes responsibility for certain functions for the entire Group such as the preparation of consolidated fi nancial statements, and the fi nancial and institutional disclosure of all Group business with particular regard to its stock market listing. It also In 2018/2019, Compagnie des Alpes continued the internal re-invoicing policy as it did in 2017/2018. These factors resulted in a net operating loss of -€10.6 million (previous fi scal year: -€10.8 million). Net fi nancial income of €19.9 million was recorded, compared to €31.3 million the previous year. Dividends received from subsidiaries amounted to €47.0 million compared to €43.8 million in 2017/2018. Financing cost decreased by 6% to reach -€6.3 million. 5.2.2 ACTIVITIES AND RESULTS

manages the Group’s procurement functions (assistance in managing energy suppliers, travel policy, grouped equipment purchases, etc.), as well as its insurance and fi nancing policy. CDA SA also centralises certain sales teams within the Leisure parks business, as well as the “Product development and quality” team. And through its matrix organisation, it o ff ers the services needed to steer the Group (legal, fi nancial, IT, technical, HRM, strategic and operational marketing, and the process of digitalisation). The average number of permanent employees at CDA SA increased from 118 to 129 full-time equivalents (FTEs). Impairment of securities reached -€20.8 million in 2018/2019 and essentially concern consolidated subsidiaries. The net extraordinary income, amounting to -€0.1 million, was up compared to the previous year, due to a net capital loss of €16.6 million recorded in 2017/2018 on the disposal of securities and receivables of Grévin Prague and Grévin Seoul. After taking into account tax income of €5.4 million ( vs. €12.9 million the previous year) at tax consolidation level, the net income amounted to €14.6 million compared to €17 million the previous year.

5.2.3 KEY FIGURES OF THE COMPANY

The Company’s key fi gures are as follows:

30/09/2015 30/09/2016 30/09/2017 30/09/2018 30/09/2019

(in millions of euros)

Net fi nancial assets Shareholders’ equity

840.3 547.6 286.5

849.1 551.3 286.5

839.3

832.6 548.8 275.1

883.0 547.5 328.0

544

289.2

Net debt (1) Net income Net dividend

12.7

13.4

2.5

17.0 12.2

14.6 15.9

9.7

9.7

12.2

(1) Borrowings less cash and cash equivalents in the balance sheet assets.

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Compagnie des Alpes I 2019 Universal registration document