2021 Universal Registration Document

COMMENTS ON THE YEAR

OPERATIONS AND CONSOLIDATED RESULTS 5.1.

188

The Group in 2021

188 190 190 193

2021 Group non-financial performance 2021 Group performance by category 2021 Group performance by region

FINANCIAL AND CASH POSITIONS 5.2.

196

DIVIDENDS 5.3.

197

INVESTMENTS 5.4.

198

Key investments in recent years

198 199 199 199

Key investments in 2021

Key ongoing investments: geographic distribution and financing methods

Key future investments

187

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •