Compagnies des Alpes // 2019 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

Consolidation method (1)

Legal structure

% shareholding HOLDINGS and SUPPORTS

Consolidation method (1)

Legal structure

% shareholding

HOLDINGS and SUPPORTS

CDA Financement 75009 Paris

FC SNC

100

Travelfactory 92210 Clichy Djay 92210 Clichy TFI Raanana, Israel Simply to ski 92210 Clichy Skiline Antwerp, Belgium

FC SAS

73.29

CDA-DS 75009 Paris

FC SAS

100

FC SAS

73.29

Loisirs Ré L – 2633 Senningenberg (GDL)

FC

SA

100

FC SAS

73.29

INGELO 73000 Chambéry

FC SAS

100

FC SAS

73.29

CDA MANAGEMENT Paris

FC SAS

100

FC SPRL

73.29

CDA Beijing China – Beijing

FC LTD

100

SC2A 38860 Mont-de-Lans Pierre et Neige 38860 Mont-de-Lans

FC

SA

98.25

FC

SA

98.25

SCIVABEL 73440 St-Martin-de-Belleville

FC

SCI

81.62

(1) FC = Full consolidation. EA = Equity accounted.

(1) FC = Full consolidation. EA = Equity accounted.

Note 5

Information on the consolidated income statement

5.1

RESTATEMENTS OF THE INCOME STATEMENT

The summary information intended for strategic analysis and decision- making by the Group’s Chairman, Chief Executive O ffi cer and Deputy Chief Executive O ffi cer (the chief operating decision-makers referred to in IFRS 8) is organised around the following indicators, by operating segment: l revenue; l EBITDA (gross operating income) and EBITDA margin: the EBITDA measures the current operating performance of the segments (revenue – direct costs, which include re-invoicing of operational services provided by support subsidiaries and holding companies); l net capital expenditure and net rate of capital expenditure to sales ratio.

Overview of discontinued operations The Group discontinued its operations in the Czech Republic and South Korea, and sold its two subsidiaries Grévin Prague and Grévin Seoul in FY 2017/2018. As a result, and in accordance with IFRS 5 on discontinued operations, the income statement at 30 September 2018 included the “income from discontinued operations” line corresponding to the income from the sale of Grévin Museum in Prague and Seoul.

5.2 REVENUE Revenue in the Ski areas segment mainly consists of sales of ski lift passes (approximately 99% of business line revenue). Revenue in the Leisure parks segment mainly comprises sales of admission tickets (about 54% of business line revenue), with the remainder coming from restaurants, stores, merchant services and various ancillary businesses. Performance by geographic area is presented for the businesses in France and outside France based on the destination of sales recorded.

Geographical area (in thousands of euros)

Ski areas

Leisure parks

Holdings and supports

30/09/2019

30/09/2018

France

443,777

260,800 119,913 380,713 339,927

28,247

732,824 121,187 854,011

699,508 101,718

Excl. France

0

1,274

TOTAL AT 30/09/2019 TOTAL AT 30/09/2018

443,777 429,324

29,521 31,975

0

0

801,226

142

Compagnie des Alpes I 2019 Universal registration document