Compagnies des Alpes // 2019 Universal Registration Document

C NTENT

Editorial 02 A major player in the European leisure industry 04 A proven strategy 06 Businesses f irmly rooted in their ecosystems 08

Shared know-how acting as a value-creationlever Effective governance The 5 major CSR issues

10 12 14 16

Performance indicators and objectives

Statement of non financial performance 4 4.1 The Group’s CSR organisation and challenges 4.2 Labour challenges

1 1.1 Activities, markets and competition 1.2 Strategy and outlook

Introduction to Compagnie des Alpes and its activities

77

19

78 80 90

20 25 28

£

£ £

4.3 Environmental challenges

1.3 History

4.4 Societal challenges

104 111

2

4.5 Methodology note on CSR reporting 4.6 Report by the independent third-party body on the consolidated statement of non- fi nancial performance appearing in the management report

Risk factors

31

113

2.1 Risk management procedures

32 33 35 36 37 37 38 38

£ £ £ £

5

2.2 Strategic risks 2.3 Operational risks

Financial information

2.4 Human risks

2.5 Regulatory and compliance risks 2.6 Crisis management procedures 2.7 Insurance – risk cover 2.8 Internal control procedures

117

£

5.1 Analysis of consolidated results and sectors 5.2 Activities and results of S.A. Compagnie des Alpes 5.3 Consolidated fi nancial statements 5.4 Parent company fi nancial statements

118

123 126 168

3

Report on Corporate Governance

6 7

43

£

Share capital and shareholding

3.1 Composition of administrative and management bodies

44

185

3.2 Functioning of executive and management bodies 3.3 Compensation of corporate o ffi cers 3.4 Compliance with corporate governance recommendations

6.1 Share capital

186 190 192 194

60 63

£ £

6.2 Shareholder structure 6.3 Stock-market information

75

6.4 Disclosure policy

Additional information

197

Annual Financial Report items are clearly identified in the summary with the symbol £

7.1 Information on Compagnie des Alpes 7.2 Persons responsible for the Universal Registration Document

198

199

£

Reference table

200