EXEL industries - 2019 Universal Registration Document

Contents

1

5

Information about the Universal Registration Document Person responsible for the Universal Registration Document 1.1

Separate fi nancial statements

89

5

5.1 5.2 5.3

Balance sheet at September c 30, 2019

90 91

Income statement

6 6 6 6

Notes to the parent company fi nancial statements Proposed appropriation of net income Statutory Auditors’ report on the Company fi nancial c statements

92

1.2 1.3 1.4

Responsibility statement

5.4 5.5

100

Auditors AFR

Person responsible for the information

101

2

5.6 Statutory Auditors’ special report on

Presentation of c the c Group

7

regulated agreements c and commitments

104

6

2.1 2.2

History of the Group

8

Simpli fi ed Organization chart of EXEL Industries group at September c 30, 2019

Report on Corporate Governance O ffi ces and positions held in any c company by c each corporate o ffi cer during the c 2018/2019 fi scal year 6.2 Agreements concluded, directly or through a third party between, on the one hand, one of the corporate o ffi cers or c one of the shareholders holding a proportion of voting rights greater than 10% in a company and, on c the other hand, another c company in which it owns, directly or indirectly, more c than half c of the capital 6.1

105

9

2.3

Business overview of the EXEL Industries group 9

3

106

Management report

21 22 22 23 26 42 44 48 48 49 49 50 51

3.1 3.2 3.3 3.4 3.5

Annual highlights

Events after the reporting period and outlook

Research and development

Statement of Non-Financial Performance Company operations, consolidated and c parent company fi nancial statements AFR

108

(With the exception of agreements relating to c current operations concluded under c normal conditions)

3.6 Risk factors AFR

108

3.7

Insurance

6.3 Summary of authorizations in force granted by c the c shareholders’ Annual General Meeting relating to c increases in share capital 6.4 Corporate governance and administrative bodies of c EXEL c Industries SA

3.8 Exceptional items and litigation 3.9 Information on corporate o ffi cers AFR 3.10 Current agreements concluded under normal conditions in c fi scal year 2018/2019

108

109 109 110

3.11 Regulated Agreements AFR 3.12 Change in accounting method

6.5 Committees

6.6 Board of Directors

3.13 Statement of fees for Statutory Auditors and c auditing services 3.14 Parent Company results and fi ve-year fi nancial summary

6.7

Remuneration and bene fi ts paid in the fi scal year to corporate o ffi cers of the Group

51

111

6.8 Information that could be of signi fi cance in c the event of c a c takeover bid 6.9 Internal control and risk management procedures

51

116

4

116

Consolidated fi nancial statements AFR

53

7

4.1

Consolidated balance sheet at c September c 30, 2019

Information on the c Company and c its c share capital AFR

54

119

4.2

Consolidated income statement, period ended September c 30, 2019 Consolidated statement of changes in c shareholders’ equity Consolidated statement of cash fl ows

56

7.1 7.2

General information on EXEL Industries

120 121

4.3

Capital and Shareholders

57 58

4.4 4.5

Notes to the consolidated fi nancial statements 59

4.6 Statutory Auditors’ report on the consolidated fi nancial c statements

Cross-reference table

127

86

Components of the Annual Financial Report are identified in this table of contents with the sign AFR

EXEL Industries Group I 2019 Universal Registration Document