Compagnie des Alpes - 2017 Registration Document

1 INTRODUCTION TO COMPAGNIE DES ALPES AND ITS ACTIVITIES History

2005-2006: Through a proactive acquisition policy, Compagnie des Alpes was able to balance its businesses in that year and became a front-line player in leisure parks in Europe. 2006 : Walibi Holland , Walibi Belgium , Aqualibi , Walibi Sud-Ouest , Walibi Rhône-Alpes , and Bellewaerde consolidated, and Bioscope opened. 2007-2008: The stake in Sofival in 2008 was the latest major capital-intensive development for Compagnie des Alpes. It coincided with the Group’s acquisition of Val-d’Isère (STVI – Société de Téléphérique de Val- d’Isère). 2007-2008 : Minority stake taken concomitantly in Avoriaz , Valmorel and La Rosière . 2009 : The 2 Alpes ski area (Deux Alpes Loisirs – DAL) joined Compagnie des Alpes. 2009-2010: Rationalisation and strategic refocusing Reorganisation undertaken to enable more industrialised and integrated operations across all sites, in line with the Company’s development ambitions. The stakes in operating companies in Switzerland and Italy were sold. The Group currently has minority stakes in four French companies: Chamonix (37.5%), Avoriaz (20%), Valmorel (20%) and La Rosière (20%). 2010: Financial restructuring Medium- and long-term bank debt refinancing, capital increase of €100 million and €200 million bond issue. 2011 : Futuroscope joined the Group, while control was relinquished over a group of seven non-strategic leisure parks : Bagatelle, Aquarium de Saint Malo, Parc des Mini Châteaux, Aquarium du Val de Loire, Aquaparc du Bouveret, in Switzerland, Avonturenpark Hellendoorn, in the Netherlands, and Pleasurewood Hills, in the UK. The Group still owned 27% of the capital of the buyer, Looping Holding (HIG group) up until April 2014. 2011: CDA Management’s initial developments The first contract for general contracting support and operations signed in its two business segments; one in Russia for the Rosa Khutor resort for the 2014 Winter Olympics in Sochi, and the other in Casablanca, Morocco in the Leisure destinations business. 2012 : Bioscope closed. 2013: Launch of Foncière Rénovation Montagne With the support of Compagnie des Alpes’ historical shareholders, for the purpose of renovating 500 accommodation units (≈ 2,500 beds) over a 3-year period and marketing them with skiers. 2013 : z the very first international Grévin museum opened in Montreal, Canada; z International Development and New Business Department created; z launch of Alpes Ski Résa, a website for the sale of ski holidays.

End-2013: New concept and strategic fine-tuning Our customers’ Very High Satisfaction became the guiding thread of our Leisure parks strategy. Results guidance announced to the market for the first time. 2014 : z Grévin Prague opened in the Czech Republic; z Sochi Olympic Games; z Leisure Destinations Department organisation overhauled. 2013-2014: Ramp-up of CDA Management In Russia, Compagnie des Alpes produced the master plans for three ski resorts and one leisure park in Moscow. In China, the Group is providing support to the Chinese authorities for the first season at Thaiwoo. In Japan, the strategic partnership with the MacEarth group is ongoing. 2014-2015: z Grévin Seoul opened in South Korea; z Sindibad opened in Casablanca, Morocco; z sale of 4 leisure parks: Dolfinarium, Walibi Sud-Ouest, Planète Sauvage and Mer de Sable. 2015 : 1 st contract in China: Thaiwoo. 2015-2016: z new concession contract for Jardin d’Acclimatation awarded to the LVMH/Compagnie des Alpes consortium; z opening of Chaplin’s World By Grévin; z opening of a subsidiary in China and ongoing international development through operational support contracts. 2016-2017: z sale of the Fort Fun site in Germany; z continuation of the operational support contract for the Thaiwoo resort, assistance with the design and construction of the Yanqing resort which will host the major events of the 2022 Winter Olympics, and master-planning contracts in Altai and in the Urumqi region; z refinancing of the 2017 bond (€200 million) and amendment of the RCF syndicated loan (€250 million).

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Compagnie des Alpes I 2017 Registration Document