Compagnies des Alpes // 2019 Universal Registration Document

Editorial

IN THE SPACE OF 30 YEARS, COMPAGNIE DES ALPES HAS BECOME A KEY PLAYER IN THE EUROPEAN LEISURE INDUSTRY. IN SKI AREAS AS WELL AS LEISURE PARKS, THE GROUP IS CONTINUING TO INVEST FOR THE FUTURE, USING ITS EXPERTISE TO GROW ITS BUSINESS, IMPROVE ITS PERFORMANCE, AND OFFER ITS CUSTOMERS AN UNFORGETTABLE EXPERIENCE.

activity enables us to boost visitor numbers. Moreover, on our own scale, we take part in the creation and renovation of accommodation. Through our real estate agencies, we also have an impact on the tourist bed occupancy rate. In 2018/2019, we exceeded 14 million skier days and recorded business growth in all of our ski areas.

With its proactive investment policy, Compagnie des Alpes is engaged in a growth strategy that creates value for shareholders and all of the Company's stakeholders. Compagnie des Alpes stands ready to seize any targeted acquisition opportunity to play a pivotal role in the consolidation of the industry. The 2018/2019 fiscal year was marked by further business growth and record earnings. Visitor numbers continued to rise in our ski areas and leisure parks. We thus exceeded the EBITDA objectives we had set ourselves in both of our business lines. We are constantly enhancing the quality of our o ff ering to our ski resort customers by modernising our ski lifts, developing our ski areas, and improving the snow cover of our ski runs. In addition, we are developing new activities for the summer season, such as the Altitude Experience at Tignes – the world's highest cable-car terrace, which provides unrivaled access to the Vanoise National Park. We thus directly contribute to the attractiveness of the resorts in which we operate, while participating in the promotional e ff orts spearheaded by the French Alps ecosystem to attract international customers as well as new generations of skiers. Our holiday retailing CONTRIBUTING TO THE ATTRACTIVENESS OF OUR RESORTS

ENHANCING THE OFFERING OF OUR LEISURE PARKS

To increase visitor numbers at our sites and improve customer satisfaction, we are developing new attractions, since novelty is a powerful magnet. We are also enhancing our shop o f fering and food services. We are renovating, transforming and refurbishing our sites in order to increase their accommodation capacity and improve visitor fl ows. Moreover, we are seeking to extend our sites' operating periods through longer opening hours and special events during periods such as Halloween and Christmas. As demonstrated this year by the opening of our second hotel in Parc Astérix, we are also investing in new accommodation o ff ers that enable us to attract customers who come from further away and stay longer. The creation of a new water park next to our Bellewaerde site has been a great success. Furthermore, the acquisition of Familypark – the No. 1 leisure

2018/2019 KEY FIGURES

5,129 EMPLOYEES

€ 854 M REVENUE

23.6 MILLION VISITS ( SKI AREAS AND LEISURE PARKS )

Compagnie des Alpes I 2019 Universal Registration Document 2