Sandra Picard's presentation at Ski Launch 2023 www.ski-launch.co.uk

1. A LEADING COMPANY TO DRIVE
Sandra PICARD
Director of Communication, Brand and CSR
sandra.picard@compagniedesalpes.fr
Ski Launch, 12th of September 2023
POSITIVE CHANGE

2. CONTENTS
1. CDA IN A NUTSHELL
2. ADAPT ? NO TIME TO DIE
3. HOW TO REACH NET ZERO CARBON FOOTPRINT?

3. COMPAGNIE DES ALPES (CDA)
IN A NUTSHELL
5315 employees
958,5
million €
revenue
2021-2022
49%
Leisure parks
47%
Ski areas
11 million skier days
10 ski areas
12 Leisure parks
10 million visits
1
2
3
4
5
6
7
10
8
9
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
3
7
8
Parc Astérix
Futuroscope
Walibi RA
Grévin
France miniature
Walibi Belgium
Aqualibi Belgium
Bellewaerde Park
Bellewaerde Aquapark
Walibi Holland
Family Park
Chaplin’s World
La Plagne
Les Arcs
Peisey Vallandry
Tignes
Val d’Isère
Les Ménuires
Méribel
Serre Chevalier
Flaine
Samoëns-Morillon
22 residences and hotels
+ 75
million €
of additional revenue
with MMV
2021-2022
11 500 pillows
2
4
Val Thorens
Sainte Foy
Val Cenis
Les Sybelles
Arêches
Les Saisies
Les 2 Alpes
Alpe d’Huez
Montgenèvre
Isola 2000
5
12
11
10
9
5
4
12
2
3
1
7
6
11
13
14
15
16
8 19
20
17
18
13
14
15
16
17
18
19
20
6
9
10

4. 41%
39%
6%
14%
State related institution (CDC) Publicly traded
Sofival (private family office) local banks (national network) 60%
18%
9%
8%
1% 4%
French
British
Belgian
Dutch
Italian
Others
SHAREHOLDERS
COMPAGNIE DES ALPES (CDA)
IN A NUTSHELL
MARKET
In 2022
Worldwide ski market :
400 million skier-days
USA (61.0 million), France
(53.9 million) and Austria
(43.6 million) are the 3 most
competitive ski countries
Compagnie des Alpes, with
12.3 million skier-days in
2021/2022, holds a 23%
market share in France by
volume.
€1 spent on a ski pass brings
€6 to the ski resort economy
CDA outperforms the French
National Ski market (FY 22/23:
+1,7% vs -2% at national level)
Skiers’ nationalities in CDA stations

5. CONTENTS
1. CDA IN A NUTSHELL
2. ADAPT ? NO TIME TO DIE
3. HOW TO REACH NET ZERO CARBON FOOTPRINT?

6. SKI RESORTS AND CLIMATE CHANGE
VICTIM OR OFFENDER ? Stop
snowmaking!
We need
snow…
Skiing
is over ?

7. Surface > 30 cm of groomed natural
snow
Good coverage
Medium coverage
Very poor coverage
C O M P L E T E M A P P I N G O F T H E S K I A R E A :
P E R I O D X S C E N A R I O X L E V E L O F O C C U R R E N C E
H O W D O E S T H E S K I A R E A L O O K L I K E I N 2 0 5 0 , O N
R C P 8 . 5 , I N T H E 1 0 % W O R S T Y E A R S ?
2 key indicators (monthly)
Natural snow Snowmaking
3 Level of occurrences: how does
the median / worst year looks like ?
Q10 : (2
worst years)
Q20
(4 worst
years)
Worst years
Good years
Q50
(median)
All scenario in the model.
Worst scenario considered for
conclusions (RCP 8.5)
RCP 8.5 +4°
RCP 4.5 +2°
RCP 2.6 +1°
2020 2100
Over the 3 periods of 20 years
considered for the future
2021-2040 2041-2060 2081-2100
Ability (hours) to trigger
snowmaking on slopes
Very good
Moderate
Challenging
7
A TAYLOR-MADE MODELLING TOOL
TO ASSESS CLIMATE CHANGE
IN OPERATION SINCE 2019

8. December will be the most critical month
The median year will be more challenging
~100% open with
natural snow
< 50 % open
> 50% open (high
areas, return by lift
Worst Years
2021-2040 2041-2060
Best Years
~100% open with
natural snow and
snowmaking
+4°C/ +5° /+ 6°C at THE end of THE century ?
"A +4°C world is not insurable", CEO AXA, Dec 12, 2017. likely all businesses will be strongly impacted.
A TAYLOR-MADE MODELLING TOOL
TO ASSESS CLIMATE CHANGE
KEYS TAKEAWAYS FOR OUR SKI AREAS
The core season will be preserved
With more frequent extreme weather episodes
Worst Years
Best Years
Worst Years
2021-2040 2041-2060
Best Years Worst Years
Best Years
< 50 % open

9. Balance between
frugality and ski offer quality
No net extension of ski area
44% of snow-covered
slopes today, with no intent
to push to 100%
Development of new more
energy-efficient
snowmaking technologies
by our internal engineering
office
Water observatories to
monitor consumptions and
mitigate our impact
ADAPT/ MITIGATE
INCREMENTAL PROCESS

10. Making the ski offer
more resilient
1560 m
2140 m … completed by
no-snow activities
+ 20 years
Beginner zone
relocated higher up
ADAPT/ MITIGATE
INCREMENTAL PROCESS

11. Packages, international
markets, transportation
ADAPT/ MITIGATE
TOWARDS A TRANSFORMATIONAL PROCESS
New businesses,
LAB to explore and transform together
Distribution
Hospitality
Outdoor specialist
Hotels, apartments, short
term stays with MMV and
Mountain Collection
Winter and summer
outdoor activities

12. One-year consultation with our stakeholders
=> OUR SHARED AND STRONG BELIEF
Now more than ever we
must regain the state of
mind that will enable us to
support positive changes in
our society.
At CDA, we believe that
creating connections is a
way to foster innovative
developments.
THE “CORPORATE PURPOSE” PROJECT

13. OUR CORPORATE PURPOSE
“ At Compagnie des Alpes, we are passionately committed
to offering exceptional moments of leisure that foster
connections and well-being and to creating living
environments that combine regional vitality and ecological
transformation. ”

14. The amount of leisure time we allow ourselves is critical
1.
Immersion in reality is encouraged
2.
We all have a role to play in preserving the environment
3.
Accelerate the ecological transition
1.
Create connection between people
2.
Actively promote our regions’ vitality
3.
Contribute to improving the lives of our employees
4.
3 beliefs
4 pillars
OUR CORPORATE PURPOSE

15. OUR COMMON PATH
10 PLEDGES, 5 FORSWEARINGS
10 pledges 5 forswearings
1. Achieve net zero carbon (scope 1&2) by 2030
2. Include scope 3 emissions in our net zero carbon strategy
3. Contribute to water resource management
4. Reduce our impact on the use of resources and biodiversity
5. Anticipating changes in the French mountains
6. Fund and support positive impact initiatives
7. Promote the re-industrialisation of regions in which we operate
8. Contribute to the continuous improvement of employee well-being
9. Invest in employees’ career paths
10. Recognise employee engagement and contribution
1. Stop operating areas that will become unsuitable for skiing
2. Continue to apply the Group ban on “positive-temperature snow-
making”
3. Stop using fossil fuels
4. Not to propose any net extension of ski areas
5. Cease providing technical assistance to French or
international ski resort and/or snowdome

16. CONTENTS
1. CDA IN A NUTSHELL
2. ADAPT ? NO TIME TO DIE
3. HOW TO REACH NET ZERO CARBON FOOTPRINT?

17. 0 NET CARBON ON SCOPE 1 & 2
AND GOING FURTHER ON SCOPE 3

18. Direct emissions scope 1&2 overall CDA
Fossil fuels for vehicles
Ski areas 47%
Leisure parks 44%
Distribution and hospitality 9%
29 571 tons of CO2 equivalent = emissions of 5 300 Britons over one year
Season 2021/2022
94,7 %
Gas for heating buildings
0,3 %
Fuel oil for heating
4,2%
Electricity
0,4 %
Refrigerants (air conditioning, cold rooms, etc.)
0,1 %
District heating and cooling networks
0,1 %
Direct emissions scope 1&2 for ski area
Thermal renewable energies and biofuels
0,2 %
Season 2021/2022
14 061 teq CO2-eq
0 NET CARBON
WHERE DO WE START FROM? CDA
CDA
visitors
CDA
suppliers

19. CDA objectives
0
Covid
O net carbon
in 2030
-47%
in 2024
5000
10000
15000
20000
25000
30000
35000
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Ski areas Leisure parks
téqCO2
Trajectory well bellow 2 degrees Paris Agreement
Trajectory to limit it 1,5 degrees Paris Agreement
From 1,14 kg of CO2 equivalent per skier’s day
Emissions by skier-day to be
divided by 4 in 2026
0 NET CARBON
TURNING OUR AMBITION INTO REALITY
CDA
To 0,31 kg of CO2 equivalent per skier’s day in 2024
equivalent to 1 kg of apples

20. 130 grooming machines converted to HVO
80% of greenhouse gases reduction
CDA
CDA
visitors
CDA
suppliers
MAIN ACHIEVEMENTS
Development of the first “made in the Alps”
electric grooming machine

21. Serre Chevalier
First ski area with a high rate of self sufficiency
CDA
CDA
visitors
CDA
suppliers
MAIN ACHIEVEMENTS
574 MWh produced in 2021-2022
2 hydropower plants
653m2 of photovoltaic panels
2 wind turbines

22. “Local carbon sinks”
 130 hectares already afforested or reforested by 2022
 25 hectares to be planted by the end of 2023
 Already 21 hectares identified for 2024
The equivalent of almost 250 football pitches in total
A quality partnership
Projects carried out with the Government French Agency
A public method validated by the French state
Not just carbon
Projects that benefit to the biodiversity
Adaptation to climate change
Planted in devastated areas (storms, fires, pests, diseases…)
11 projects in total
65% in the Alps
100% in France
MAIN ACHIEVEMENTS

23. Calculate and published scope 3 emissions from 2024
Develop initiatives
Action 1
Preference to suppliers in
line with the Paris
Agreements (in a checkable
way)
Working with main
suppliers to
implement a phased
carbon reduction plan
(e.g. carbon assessment,
carbon reduction targets,
alignment with Paris
Agreements)
Action 2 Action 3
Ease energy
renovation of
property through
CDA’s role as
property and/or rental
booking manager
Action 4
Develop low-carbon
transport solutions for
two CDA test sites by
2025
KEY SUCCESS FACTORS
GOING FURTHER ONTO SCOPE 3

24. The snowball
…is already rolling down all scopes
REDUCING SNOWMAKING
CONSUMPTION
INTELLIGENT BUILDING CONTROL
https://engagements.compagniedesalpes.com/en/accueil-en/#intro

25. Raise our knowledge on climate change consequences & on our
own impacts
Be consistent, reconciliate local initiatives and corporate
ambitions
Learn by doing, key to operational innovations
Accelerate, by being systematic in the search for solutions
Take a long stand, don’t forget to invest for the future
CONCENTRATED IMPACT
A LAB TOWARD ENVIRONMENTAL & SOCIAL TRANSITION
Share vision and purpose, with all our stakeholders

26. THANK YOU