Compagnie des Alpes - 2017 Registration Document

C NTENT

Message from the Chairman and Chief Executive Officer

02 04 06 08

Activities

Development model

Performance indicators and objectives

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1 2 }

Financial information

Introduction to Compagnie des Alpes and its activities 11

93

5.1 Analysis of consolidated results and sectors 5.2 Activities and results of Compagnie Des Alpes SA 5.3 Consolidated financial statements 5.4 Parent-company financial statements

94

1.1 Activities, market and competition

12 18 20

1.2 Strategy and outlook

99

1.3 History

102 137

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6

Risk factors

23

Share capital and shareholder structure

2.1 Financial risks

24 25 26 27

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155

2.2 Legal risks

6.1 Share capital

156 160 162 164

2.3 Operational risks

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6.2 Shareholder structure 6.3 Stock-market information

2.4 Insurance – risk cover

6.4 Disclosure policy

3

7

Corporate governance

29

Additional information

3.1 Composition of administrative and management bodies 3.2 Functioning of administrative and management bodies 3.3 Remuneration of corporate officers 3.4 Compliance with corporate governance recommendations 3.5 Internal control and risk management procedures 3.6 Report of the statutory auditors, drawn up in accordance with Article L. 225-235 of the French Commercial Code, on the report of the Chairman of the Board of Directors of Compagnie de Alpes SA

167

30

7.1 Information on Compagnie des Alpes 7.2 Persons responsible for the Registration Document and financial statements audit

168

44 46

169

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55

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Reference table

171

56

Reference table to the registration document Reference table of the annual financial report

171 175

61

4

Social, societal and environmental information 63

4.1 Methodology note on CSR reporting 4.2 Group workforce information 4.3 Group environmental information

64 66 78 87

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4.4 Societal aspects

4.5 Report by the independent third party on the consolidated human resources, environmental and social information included in the management report 90

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