GROUP PRESENTATION FOR

INVESTORS

H1 2020 Results

1

Q2 & H1 2020 RESULTS

HIGHLIGHTS

H1 2020 Key Messages

  • Weak underlying trends worsened by an uneven COVID-19 epidemic impact
    • Developing countries, where traditional stores are dominant, deeply hit by extended quarantines periods and disrupted supply chains
    • In Mature markets, Superstores and Office Supply channels heavily impacted by school closures and limited business activity
  • Market share maintained or increased across our three categories and in almost all regions
  • E-commerceNet Sales up 14%
  • In Lighters, H1 North America performance affected by convenience stores shifting to hygiene and food, therefore reducing inventories in other product categories
  • Improved short-term resilience thanks to prudent management of Operating Expenses
  • Focus on Operating Cash Flow
  • Accelerated transformation and solid progress in the implementation of our Operating Model
    • Consolidation of our Latin American industrial footprint
    • Strengthened Lighters Business Model with Djeep's acquisition
    • Effectively transitioned non-factory team members to Work from Home
  • "BIC 2022 - Invent the Future" transformation plan on track to deliver 50 million euros annualized savings by the end of 2022

3

Q2 & H1 2020 KEY FIGURES

NET SALES

NORMALIZED IFO

Change on a

NIFO Margin %

comparative basis %

Q2 2020

Q2 2020

418.9 M€

67.5 M€

-21.5%

16.1%

H1 2020

H1 2020

775.8 M€

92.9 M€

-18.2%

12.0%

NORMALIZED EPS

NET CASH FROM

OPERATING

ACTIVITES

Q2 2020

Q2 2020

1.27€ (-18.1%)

50.8M€

H1 2020

H1 2020

85.7M€

1.87€ (-23.1%)

NET CASH POSITION

H1 2020

41.5M€

4

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Disclaimer

BIC SA published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 08:34:03 UTC