BIC_REGISTRATION_DOCUMENT_2017

GROUP PRESENTATION History

2011 First-half: disposals of PIMACO B to B division in Brazil and REVA ● peg-making business in Australia for 7.6 million euros. April: acquisition of Sologear LLC, maker of FlameDisk®, for ● 1.0 million euros. November: acquisition of the assets of Angstrom Power ● Incorporated, a company specialized in portable fuel cell technology for 13.5 million euros. 2012 February: disposal by DAPE 74 (a BIC subsidiary specialized in ● selling to tobacco shops in France – consolidated in the “Other Consumer Products” category) of its phone card distribution business to SPF for 0.8 million euros. February: acquisition of a site in Tunisia for the construction of a ● writing instrument facility to expand the Group’s manufacturing footprint and meet consumer demand in this region more effectively. February: expansion of the Shaver packaging facility in Mexico. ● February: the BIC Group receives a favorable court decision from ● the Tribunal, constituted under the Rules of the Singapore International Arbitration Center, in respect of the acquisition of 40% of the shares in the seventh and last Cello Pens & Stationery (CPS) entity as per the definitive agreements signed on January 21, 2009. September: launch of BIC® Education (in collaboration with Intel), ● an educational solution for elementary schools, combining handwriting and digital technology. 2013 May: BIC and Cello jointly file an agreement with the Bombay High ● Court to allow the BIC Group to acquire 40% of the seventh (and last remaining) Stationery entity of Cello group. After reviewing the filing, the Court renders the agreement enforceable. September: BIC announces the closing of the acquisition of 40% of ● the seventh (and last) Cello group stationery entity for a total amount of 3.7 billion Indian rupees (43.3 million euros)  (1) . On September 27, 2013, the Group announces the completion of the purchase of shares pursuant to the call option exercised on September 17, increasing its stake in Cello Pens’ seven entities from 40% to 55% for an amount of 2.9 billion Indian rupees (35.2 million euros)  (2) . October: the BIC Group acquires land in Nantong, China (130 km ● North of Shanghai) to build a Lighter production facility. Total investment is estimated approximately 14 million euros. December: BIC discontinues the activity of Sologear, maker of ● FlameDisk®, acquired in April 2011.

2014 March: Cello group exercises its put option, allowing it to sell 20% ● of Cello Pens to the BIC Group. July: BIC Group increases its stake in Cello Pens seven entities ● from 55% to 75% for an amount of 4.3 billion Indian rupees (approx. 53 million euros)  (3) . November: BIC announces the sale of Sheaffer®, BIC’s Fine Writing ● Instrument business, to AT Cross. The BIC Group decides to significantly reduce its investment in ● portable fuel cell R&D and actively explores strategic alternatives for the purpose of monetizing its fuel cell technology business. 2015 April: BIC’s Portable fuel cell technology business is sold to ● Intelligent Energy for 14 million euros. October: BIC outlines a five-year investment plan to modernize its ● industrial facilities in the North of France (Pas-de-Calais). The project includes a 12 million euros investment to expand the Samer production facility. December: Cello group sells its remaining stake in Cello Pens to ● BIC for an amount of 5.4 billion Indian rupees (approximately 74 million euros  (4) , increasing BIC’s stake in Cello Pens to 100%. acknowledging Chief Executive Officer Mario Guevara’s decision • to retire in May 2016, the Board of Directors decides to combine the Chairman and Chief Executive Officer functions and to appoint Bruno Bich as Chairman and Chief Executive Officer, considering the recent changes in the competitive landscape of • the Promotional Products Industry, the Board decides to initiate a review of strategic alternatives for BIC Graphic, the Stationery facility in Shanghai (China) is closed down and its • production transferred to other BIC Stationery sites. 2017 June: Following the Asset and Share Purchase Agreement signed ● on June 6, 2017, BIC Graphic North America and Asian Sourcing operations were sold to H.I.G. Capital on June 30, 2017. October: BIC’s Indian subsidiary BIC Cello (India), acquired land ● and buildings for the construction of a new writing instrument facility in Vapi (Gujarat state). Total investment in this project is estimated at around 28 million euros through December 2018 including the purchase of land and buildings for approximately 18 million euros in 2017. This investment will enhance the Group’s manufacturing footprint in India and enable it to meet consumer demand more effectively in this rapidly-growing market. This new facility is expected to be operational by the end of 2018. October: BIC inaugurates its new writing instruments' facility in ● SAMER (France). 2016 February: ●

84.53 INR = 1 EUR (September 13, 2013; ECB reference rate). (1) 83.80 INR = 1 EUR (September 26, 2013; ECB reference rate). (2) 81.17 INR = 1 EUR (July 04, 2014; ECB reference rate). (3) 72.69 INR = 1 EUR (December 08, 2015; ECB Reference rate). (4)

15

BIC GROUP - 2017 REGISTRATION DOCUMENT

Made with FlippingBook - professional solution for displaying marketing and sales documents online