BIC - 2020 Universal Registration Document

COMMENTS ON THE YEAR

Operations and consolidated results

Asia and Oceania (including India) In 2020, Net Sales for Asia Oceania (including India) reached 90.2 million euros, a year-on-year decrease of 32.3% on a comparative basis. Stationery: In India, Cello Net Sales were down double digit, ● significantly impacted by the pandemic which affected both Modern Trade and Traditional channels. With mobility restrictions and social distancing rules being reviewed regularly, consumer confidence declined throughout the year. The total Stationery market in India declined double digit in value during the year. In Australia, BIC outperformed the overall Stationery market gaining share in value notably in Pen, Marking and Correction segments.

Lighters: In Oceania, good performance was driven notably by ● double digit Net Sales growth in utility lighters, thanks to the modern mass market which was less impacted by the pandemic than other channels. Shavers: In Australia, in a declining non-refillable shaver ● market, performance was impacted by a tough competitive environment and BIC underperformed in both one-piece male and female segments.

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• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •