2021 Universal Registration Document

COMMENTS ON THE YEAR

Operations and consolidated results

Asia and Oceania (including India) In 2021, Net Sales for Asia Oceania (including India) totaled 94.8 million euros, a year-on-year increase of 9.1% on a comparative basis. Human Expression : In India, Cello Net Sales were up high ● double digits, driven by improved Indian domestic market conditions, solid performance in e-commerce and successful investments in Brand Support. In Australia, the stationery market grew mid-single digit in value thanks to healthy Back to School season, BIC lost share mainly attributed to Ball Pen segment, but outperformed in the Coloring and Highlighter segments.

Flame for Life : In Oceania, performance was negatively ● impacted by lockdowns during the third quarter in Australia. Blade Excellence : In Australia, in a declining non-refillable ● shaver market, performance was impacted by a tough competitive environment and BIC underperformed the market especially in female but gained share in the 4 blades segment. Net Sales performance was also impacted by store closures due to lockdowns as well as supply issues.

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •

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