2021 Universal Registration Document

COMMENTS ON THE YEAR

Operations and consolidated results

2021 GROUP NON-FINANCIAL PERFORMANCE

Diversity: In 2021, women accounted for 44% of permanent team members in the Group: 38% of the workforce in Europe; ● 47% in North America; ● 51% in Latin America; ● 37% in Middle East Africa; ● 43% in Asia-Pacific/Oceania; and ● 48% in India. ● Health and Safety: In 2021, health and safety management systems were operational on 82% of BIC’s sites. The frequency rate of accidents resulting in lost work time for BIC employees and temporary workers increased from 1.63 to 1.99 in 2021. The development and implementation of actions plans will continue in 2022 and create a stronger safety culture and reduce this rate. Across the full organization in 2021, there were 58 accidents involving BIC team members and one for external temporary workers. The incident rate for BIC teammembers was 0.11 in 2021. Human Rights: 91% of the Group’s Net Sales are of products produced in its factories. 65% of these factories are located in countries with no Human Rights risk according to Freedom House (1) . Sponsorship: In 2021, product donations and financial aid worldwide totaled 1 million euros (internal valuation), primarily in education (2) , environment and health. Education: At end-2021, BIC estimated that 158 million children had their learning conditions improved through direct actions with children or activities with teachers and parents since 2018.

Water consumption: There was a 11.5% reduction in water consumption per ton of production between 2020 and 20201. BIC production is not water intensive and most of the consumption is due to domestic use. 2020 was an exceptional year, due to the pandemic which increased water demand from personnel for hygiene reasons. Energy consumption: BIC implemented energy efficiency programs in its factories many years ago. As a result, the Group has improved its energy efficiency by 5.9% in ten years. Fifteen energy consumption projects were launched in 2021. The projects included light bulbs replacement with LED bulbs, processes optimization and installation of new and more energy efficient equipment. Renewable energy: In 2021, 79% of the Group’s electricity was renewable. This is a slight decrease from 2020 due to an increase in the electric consumption from non-renewable sources in factories not covered by energy certificates. Greenhouse gas emissions: Total direct and indirect GHG emissions were estimated at 83,456 teqCO2 in 2021. This represents a 6.93% increase in total direct and indirect (scopes 1 and 2) GHG emissions, mainly due to an increase in production. Waste: There was a 7.8% decrease in the quantity of waste generated per ton of production between 2020 and 2021. Headcount: In 2021, 71% of the headcount received training (as of December 31, 2021) with an average of 1.6 days per employee.

2021 GROUP PERFORMANCE BY CATEGORY

NET SALES AND INCOME FROMOPERATIONS (EBIT) BY PRODUCT CATEGORY 2020-2021

Net Sales

EBIT

2021

2021

2020

2020

(in million euros)

Human Expression

575.6

683.8

(31.1)

41.0

Flame for Life

618.1

718.5

226.4

268.5

Blade Excellence

404.2

401.2

50.6

56.2

Other Products

30.0

28.4

(5.2)

(5.2)

Source: “Freedom in the World 2018”, a study by the non-governmental organization Freedom House. (1) This indicator includes all philanthropic educational actions, including those under commitment # 5. (2)

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •