EXEL industries - 2019 Universal Registration Document

Management report

Statement of Non-Financial Performance

EXEL Industries group, in its outside dealings, respects the value chain of its suppliers and subcontractors.

„ Climate change and the sustainable use of resources To deal with the challenge of climate change, the Group has undertaken a number of measures to minimize its carbon footprint and will continue its strategy of reducing its greenhouse gas emissions. But more than that, EXEL Industries sells and employs products that enable its customers to minimize their carbon footprint. Anti-corruption The risk related to anti-corruption is something to which the Group has been committed for many years. Given the Group’s international reach, EXEL Industries is actively watchful and has adopted very real measures to combat corruption. Human rights Our Group is committed to the privacy and rights of individuals whose data are processed by our information systems. 3.4.3.3 3.4.3.4

3.4.3.5 Tax evasion Our Group has always had a reasonable tax policy with the aim of guaranteeing the interests of the shareholders while preserving relationships of trust with the countries where it is located. The fi nancial sta ff of EXEL Industries, both centrally and locally and with the support of tax advisors, is committed to respecting its national and international tax obligations. Through transfer pricing, the Group takes special care so that the pro fi t of companies is located where the added value was generated, without regard to tax optimization. An analysis of pro fi ts broken down by country is presented to the Audit Committee. Technical departures, however, may show up during audits, which may lead to tax disputes, particularly due to uncertainties in the interpretation of tax laws or in the way we ful fi ll our tax obligations. When and if necessary, after analyzing the materiality of the risk, provisions are recognized on the fi nancial statements in order to re fl ect the fi nancial consequences of such departures.

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3.4.4 Actions undertaken

3.4.4.1 Employment and society Foreword: Statement of Headcount – Primary data On September c 30, 2019 the Group’s total workforce was 3,544 c employees (permanent and fi xed term contracts), 18.5%women and 81.5% men, a slightly higher proportion of women since last year. During the fi scal year the headcount averaged 3,710 c employees. The age pyramid looked as follows:

Men Women

452 • 89

423 • 97

380 • 86

• 85

340 • 92 361

298 • 78

259 • 58

208 • 34

134 • 32

23 • 3

11 • 1

less than 18 years

18 years 25 years

26 years 30 years

31 years 35 years

36 years 40 years

41 years 45 years

46 years 50 years

51 years 55 years

56 years 60 years

61 years 65 years

more than 65 years

The average age in the Group rose slightly, from 43 c years 10 c months to 44 c years 4 c months. 52% of the employees are in the fi rst part of their career (under 45 c years old). Young people under 25 continue to be well represented and account for 7% of the workforce at 09/30/2019. The fraction of senior employees (over 55) fell slightly to 18.6% ( vs. 17.5% last year.)

Over the reporting period, 778 c people left the Group including 199 c layo ff s, and there were 557 c new hires.

EXEL Industries Group I 2019 Universal Registration Document

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