Prima Industrie : Half-Year Financial Report as of June 30, 2022

CHAPTER 1. PARENT COMPANY GOVERNANCE ___________________________________________________________ 4

CHAPTER 2. PRIMA INDUSTRIE GROUP STRUCTURE _______________________________________________________ 6

CHAPTER 3. PRIMA INDUSTRIE GROUP PROFILE __________________________________________________________ 8

CHAPTER 4. INTRODUCTION _________________________________________________________________________ 10

CHAPTER 5. GROUP INTERIM MANAGEMENT REPORT _____________________________________________________ 12

GROUP RESULTS SUMMARY _______________________________________________________________________ 12

SIGNIFICANT EVENTS OF THE PERIOD _______________________________________________________________ 12

ECONOMIC PERFORMANCE ________________________________________________________________________ 13

ASSETS, LIABILITIES AND FINANCIAL POSITION _______________________________________________________ 17

BUSINESS PERFORMANCE _________________________________________________________________________ 19

PERSONNEL ____________________________________________________________________________________ 19

RELATED-PARTY TRANSACTIONS ___________________________________________________________________ 19

RISK FACTORS __________________________________________________________________________________ 20

STOCK TREND AND TREASURY STOCK _______________________________________________________________ 20

SHAREHOLDERS _________________________________________________________________________________ 20

OUTLOOK OF OPERATIONS________________________________________________________________________ 21

EVENTS OCCURRING AFTER THE REFERENCE DATE OF THE FINANCIAL STATEMENT _________________________ 21

ATYPICAL AND UNUSUAL TRANSACTIONS ____________________________________________________________ 21

MANAGEMENT AND COORDINATION ACTIVITIES _______________________________________________________ 22

OPT-OUT REGIME _______________________________________________________________________________ 22

CHAPTER 6. CONSOLIDATED FINANCIAL STATEMENTS OF PRIMA INDUSTRIE GROUP AS AT JUNE 30, 2022 _________ 24

CONSOLIDATED STATEMENT OF FINANCIAL POSITION __________________________________________________ 24

CONSOLIDATED INCOME STATEMENT _______________________________________________________________ 25

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ______________________________________________ 26

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY____________________________________ 27

CONSOLIDATED CASH FLOW STATEMENT ____________________________________________________________ 28

CONSOLIDATED STATEMENT OF FINANCIAL POSITION PURSUANT TO CONSOB RESOLUTION 15519

OF JULY 27, 2006 _______________________________________________________________________________ 29

CONSOLIDATED INCOME STATEMENT PURSUANT TO CONSOB RESOLUTION 15519 OF JULY 27, 2006 ___________ 30

CONSOLIDATED CASH FLOW STATEMENT PURSUANT TO CONSOB RESOLUTION 15519 OF JULY 27, 2006 ________ 31

CHAPTER 7. EXPLANATORY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT JUNE 30, 2022 ________ 33

ACCOUNTING TABLES FORM AND CONTENT __________________________________________________________ 33

DRAFTING PRINCIPLES AND CRITERIA _______________________________________________________________ 33

EXPLANATORY NOTES ____________________________________________________________________________ 35

ANNEXES _________________________________________________________________________________________ 51

ANNEX 1 - CONSOLIDATION AREA __________________________________________________________________ 51

ANNEX 2 -"NON-GAAP" PERFORMANCE INDICATORS ___________________________________________________ 52

ANNEX 3 - CURRENCY EXCHANGE RATE _____________________________________________________________ 53

CONSOLIDATED FINANCIAL STATEMENTS DECLARATION___________________________________________________ 54

2

CHAPTER 1. PARENT COMPANY GOVERNANCE

4