Compagnies des Alpes // 2019 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

8.4 EVENTS AFTER THE REPORTING DATE l During the last quarter of the year, the Group contracted two new bank loans of €5 million and €4 million. l On 28 January 2020, the Compagnie des Alpes was informed that the municipalities of 2Alpes and Saint Christophe en Oisans would be submitting to the forthcoming meeting of the municipal councils in February 2020 their choice of the SAEM Société Touristique de l’Alpe d’Huez (SATA) as the new operator, awarded the Public Service Delegation Contract for the construction and operation of the 2Alpes ski area. At the end of 2019, the Deux Alpes ski area delegating municipalities noti fi ed Deux Alpes Loisirs, the delegatee company, a subsidiary of the Compagnie des Alpes, their decision on the early termination of the three current Delegations of Public Service (PSC), about 3 years before expiry, to allow a new competition for a single PSC for the entire area, for reasons of general interest. Deux Alpes Loisirs is one of the applicants. The expectations of the speci fi cations required ambitious investments in view of the outlook for this site. Thanks to its in-depth knowledge of the stakes for the resort where it has been operating the ski area for more than 10 years, Deux Alpes Loisirs made an ambitious and responsible proposal, such as to continue the modernisation of the ski area while ensuring the viability of the DSP. Deux Alpes Loisirs contributed €40 million to the group's revenue in 2018-2019 and generated 1,260 million skier days. The activity during the current season will continue to be provided by Deux Alpes Loisirs at least up to the end of the fi scal year. If approved, this decision will not have any impact on the guidance that the Group announced at the presentation of its annual income, it will moreover compensate Deux Alpes Loisir for the assets returned and loss of earnings in compliance with the provisions of the PSC.

8.5

PERSONS RESPONSIBLE FOR THE FINANCIAL STATEMENTS AUDIT

Identity of the Statutory Auditors PricewaterhouseCoopers Audit SA 63, rue de Villiers 92200 Neuilly-sur-Seine

Incumbent Statutory Auditor represented by Mrs Françoise Garnier. Registered with the Compagnie régionale des commissaires aux comptes de Versailles. Reappointed on 8 March 2018. Term of appointment ends at the close of the Ordinary Shareholders’ Meeting called to approve the FY 2022/2023 fi nancial statements. Cabinet Mazars Exaltis 61, rue Henri Régnault 92075 Paris La Défense Cedex Incumbent Statutory Auditor represented by Mr Gilles Rainaut. Registered with the Compagnie régionale des commissaires aux comptes de Versailles. Reappointed on 10 March 2016. Term of appointment ends at the close of the Ordinary Shareholders’ Meeting called to approve the FY 2020/2021 fi nancial statements. Virginie Chauvin Exaltis 61, rue Henri Régnault 92075 Paris La Défense Cedex Alternate Statutory Auditor. Registered with the Compagnie régionale des commissaires aux comptes de Versailles. Appointed on 10 March 2016, replacing Mr Raymond Pétroni whose term of appointment expired recently. Term of appointment ends at the close of the Ordinary Shareholders’ Meeting called to approve the FY 2020/2021 fi nancial statements.

8.6

STATUTORY AUDITORS' COMPENSATION

Mazars

PricewaterhouseCoopers Audit SA

Amounts

%

Amounts

%

2019

2019

2019

2019

2018

2018

2018

2018

Amounts (in thousands of euros)

Audit Statutory audit, certification, examination of separate and consolidated financial statements Issuer

192 489

187 477

25% 26%

192 409

187 340

28% 60%

30% 55%

64%

67%

Fully consolidated subsidiaries Services other than certification Audit-related work

31 48

47

4% 6%

7% 0%

0

0

0%

0%

83

91

12%

15%

Other

SUBTOTAL 100% * - Services other than the certification of financial statements (SAAC) required by the regulations: reports on CDA SA's statement of non-financial performance. - Services other than the certification of financial statements (SAAC) not required by the regulations: statements of expenditure, cost base, due diligence. 760 711 100% 100% 618 618 100%

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Compagnie des Alpes I 2019 Universal registration document