BIC - 2020 Universal Registration Document

COMMENTS ON THE YEAR

Financial situation and cash

FINANCIAL SITUATION AND CASH 5.2.

At the end of December, the Group’s Net Cash position stood at Capital and others year was primarily driven by improved cash 183.9 million euros. Net Cash from operating activities was collection, lower Net Sales impacting receivables and tight +357.6 million euros, of which +233.9 million euros in Operating inventory management. Cash Flow. The positive +123.7 million euros change in Working

MAIN BALANCE SHEET ITEMS

December 31, 2020

December 31, 2019

(in million euros)

Shareholders’ equity

1,608.1

1,456.2

Current borrowings and bank overdrafts

65.5

90.0

Non-current borrowings

32.3

28.0

Cash and cash equivalents – Assets

198.6

265.7

Other current financial assets and derivative instruments

6.7

26.1

Net cash position (a)

146.9

183.9

Goodwill and intangible assets

257.7

309.8

TOTAL BALANCE SHEET 2,169.4 NB: SOCIÉTÉ BIC did not request any rating from any credit rating agency nor, to the best of its knowledge, has it been the object of any unsolicited rating by any credit rating agency. See glossary. (a) 2,392.2

CONDENSED CASH FLOWSTATEMENT

2020

2019

(in million euros)

Cash flow from operations

334.5

233.9

(Increase)/Decrease in net working capital

(21.1)

129.7

Other operating cash flows

4.8

(6.0)

Net cash from operating activities (a)

317.2

357.6

Net cash from investing activities

(110.8)

(149.3)

Net cash from financing activities

(209.8)

(61.1)

Net increase/(decrease) in cash and cash equivalents net of bank overdrafts

(3.4)

147.2

Closing cash and cash equivalents

146.8

264.7

See glossary. (a)

205

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •