EXEL Industries // 2020 Universal registration document

Presentation of the Group 2

Business overview of the EXEL Industries group

2.3.1.4 Industrial spraying Sales: €187.0 million, or 24.8% of total Group sales Number of employees: 992 Production sites: 6

charged product, which enables an excellent quality fi nish with a high performance coating, and also a wraparound e ff ect which allows all faces of parts to be painted simultaneously;  High viscosity : high-viscosity products are pumped, potentially heated, then extruded or sprayed under high pressure so as to form a web of various shapes and sizes, or a uniform coating of material on a substrate. The legacy Rexson range dedicated to automotive and general industry paint shops is now supplemented by iNTEC SAMES KREMLIN products dedicated to automotive body assembly workshops, following the acquisition of iNTEC EISENMANN. SAMES KREMLIN designs and manufactures all of its equipment involving pumps, applicators and pressure, temperature and fl ow control devices. The pumps are double or quadruple bearings, diaphragm pumps or vane pumps for the most viscous products. They are driven pneumatically or electrically. The applicators are spray gun or rotating bell in manual, automatic or robotic versions that can be mounted on machines or on robots. All SAMES KREMLIN equipment allows users to achieve higher levels of performance, productivity and quality in their industrial processes while signi fi cantly improving productivity (cost of materials, air and therefore energy consumption, total ownership costs) and protecting the environment and the operator’s health by reducing paint fume emissions. Using its equipment, SAMES KREMLIN designs, manufactures and distributes standard solutions by means of a worldwide network of quali fi ed integrators. These solutions, from the simplest to the most complex of technologies are manual, automatic or robotic and allow the application of liquids, powders and viscous products. In order to meet its clients’ everyday needs, SAMES KREMLIN develops and markets a service offering through its trained and quali fi ed dealers, which allows them to become and subsequently remain their users’ preferred supplier. A large number of markets are targeted and divided into seven large categories: automotive, wood, agricultural, construction, industry, transport and consumer goods. The entire range of SAMES KREMLIN products is marketed using the many Group subsidiaries worldwide (Europe, North and South America, China, Japan, India, South-East Asia, Australia, Russia and South Africa). Main competitors The main competitors in this market are:  Graco (USA) with the Graco and Gema brands;  Carlisle Finishing (USA) with the following brands: Devilbiss, Ransburg and Binks;  Nordson (USA);

The EXEL Industries group’s Industrial Spraying business comprises the following subsidiaries: SAMES KREMLIN, iNTEC and TRICOFLEX. Industrial Spraying covers a number of areas: bonding, protection, and fi nishes. The products developed by these companies are used to prepare, distribute, dose, mix and apply all types of liquid, powder or thick products on a range of di ff erent materials, such as wood, metal, plastic, glass, or leather. Industrial Spraying With two manufacturing sites in France, in Stains (Seine-Saint-Denis department) and Meylan (Isère department), and a production site in Erftstadt, in Germany, SAMES KREMLIN and its 16 subsidiaries are able to meet their clients’ needs on a worldwide basis, for all industrial assembly processes (joints and glues), support protection (anti-corrosion, technical primers, other forms of protection) and fi nishing (dyes, base coats, lacquers and varnishes). In order to compete with ever more aggressive competition, SAMES KREMLIN puts its emphasis on innovation, matching each client’s needs on an optimal basis and an e ffi cient supply chain. Based on di ff erentiating technologies, SAMES KREMLIN develops comprehensive ranges of pumps, machines, technical hoses, and manual, automatic or robot applicators. This product line-up delivers significant productivity gains to customers through increasingly precise spraying, while protecting the environment and the health of the operator. A pioneer of electrostatic spraying techniques (1925), electrostatic power coating (1960) and Airmix ® spraying (1975), SAMES KREMLIN is behind a large number of patents; 6.8% of its headcount is involved in R&D. It has six product ranges involving speci fi c techniques:  AIRSPRAY : pneumatic e ff ect product spraying, enabling the best quality fi nishes;  AIRLESS : high-pressure atomized product spraying using a calibrated nozzle, which allows high flow rates and good performance but a relatively coarse fi nish;  AIRMIX ® : combined airless and pneumatic spraying, thus enabling high fl ows and application performance with a high-quality fi nish;  ELECTROSTATISTIQUE : pneumatic or rotating bell spraying (centrifugal atomization over a fi ne rim) of droplets of electrically charged product, which enables an excellent quality fi nish with a high-performance coating, and also a wraparound e ff ect that allows all faces of parts to be painted simultaneously;  POWDER : spraying in a controlled fl ow of air or by rotating bell (centrifugal distribution over a fi ne rim) of particles of electrically Company description SAMES KREMLIN

 Wagner (Germany);  Anest Iwata (Japan);  Dürr (Germany);  ABB (Switzerland/Sweden) for electrostatic spraying.

14 EXEL Industries group I 2020 Universal Registration Document