Compagnie des Alpes - 2017 Registration Document

4 SOCIAL, SOCIETAL AND ENVIRONMENTAL INFORMATION Group workforce information

4.2.3 WAGE POLICY AND EMPLOYEE BENEFITS 4.2.3.1 General The Group’s average gross monthly salaries are as follows:

Managers

Supervisors

Workers Employees

Average gross monthly salaries for permanent staff

Men

Women €3,901 €5,230

Men

Women €2,539 €3,220

Men

Women €2,039 €2,742

Leisure destinations in France

€4,379 €5,634

€2,666 €3,397

€2,174 €2,861

Ski areas

In The Netherlands, executives benefit from supplemental retirement insurance and employee savings plans. For The Netherlands, like Belgium, an agreement has been made to increase salaries every year. In Belgium, this increase is determined based on changes to the consumer price index. In the Czech Republic, the high level of social protection offered by social security has made the introduction of complementary plans unnecessary. Conversely, in Canada, the Group’s complementary health, insurance and retirement plans are key to employees’ social protection. The guarantees of these complementary plans were determined at a competitive level in relation to national standards. Before every new international subsidiary is opened, a study on pay and employee benefits is conducted by the Group HR Department on the practices of the country in question. This leads to the introduction if necessary of complementary plans, aimed at procuring our employees social protection at the median level of the local market. 4.2.3.2 Employee profit-sharing The policy of the Group is to link employees to the performance of the Group’s companies. In this regard, all of the Group's French companies have an employee profit-sharing agreement and a stock ownership agreement. However, the Group's French companies that have a headcount of less than 50 employees are not required to provide a stock ownership agreement.

Wage policy is largely decentralised. Obligatory annual negotiations are held in France at site level, which, in addition, offer all the specific profit-sharing and stock ownership agreements. However, a Group employee savings plan is in place for every employee with a French employment contract (with the exception of Futuroscope and STVI employees). In this system, Management sets the contribution every year, and each subsidiary may also decide to introduce additional contributions. All the Group’s French employees are covered by supplementary health insurance on a compulsory (permanent employees) or optional (non- permanent employees) basis. A compulsory pension plan is also in place for all French employees. There are three collective bargaining agreements in France: z the national collective bargaining agreement for ski lifts and ski areas; z the national collective bargaining agreement for leisure areas, attractions and cultural spaces (CCNELAC); z the collective bargaining provisions applicable to Compagnie des Alpes staff. In Belgium, the Group offers its staff hospital insurance cover in addition to the social protection provisions enshrined in legislation, and a pension plan for managers and employees. The employer pays a contribution of 0.10% of the wage bill into a training fund for each division. This fund will eventually lead to the development of specific training programmes for Leisure destinations, open to all companies in the sector.

The total amounts to be paid by the Group for profit-sharing and stock-ownership are as follows:

2016/2017

2012/2013 2013/2014 2014/2015 2015/2016

(in thousands of euros)

Profit sharing

3,612 4,795 8,407

6,876 3,516

7,242 3,589

8,313 4,465

8,969

Stock ownership

5,277

TOTAL

10,392

10,831

12,778

14,246

70

Compagnie des Alpes I 2017 Registration Document