EXEL Industries // 2020 Universal registration document

Management report 3 Risk factors

3.4.3 Analysis of trade payables and trade receivables

Art. D.441-4.I.1 of the French Commercial Code: Invoices received but not paid and overdue as of the reporting date

Art. D.441-4.I.2 of the French Commercial Code: Invoices issued but not paid and overdue as of the reporting date

Total (1 day and more)

Total (1 day and more)

91 days and more

0 days (for information)

1 to 30 days

31 to 60 days

61 to 90 days

91 days and over

0 days (for information)

1 to 30 days

31 to 60 days

61 to 90 days

(in € thousands)

(A) Late payment tranche Number of invoices concerned Total amount of invoices concerned exclusive of VAT Percentage of total purchases for the fi scal year exclusive of VAT Percentage of sales for the fi scal year exclusive of VAT

-

-

-

-

16

-

-

-

-

-

57

5.5

-

0.6

8.6 14.7

-

21.5

14.3 46.6 223.0 305.4

0.08%

- 0.01% 0.12% 0.20%

-

-

-

-

-

-

-

-

-

-

-

- 0.11% 0.07% 0.23% 1.11% 1.52%

Risk factors

3.5

health measures and disrupted work organizations, and through their agility in adjusting costs. The slowdown in the automotive and aerospace sectors had a negative impact on the Group’s business, but conversely, the enthusiasm of households in lockdown and the exceptional weather since late spring was favorable. Risk factors are divided into four categories: risks related to the business sector, operational risks, fi nancial risks and external risks. Risks are classi fi ed in their respective categories in decreasing order of importance, determined by taking into account their probability of occurrence and the estimated magnitude of their impact, after taking into account mitigation measures. The table below presents a summary of these risks, based on their net impact.

EXEL Industries regularly examines its own risk factors and those of its consolidated subsidiaries. The risk factors presented here are those considered to be speci fi c to the EXEL Industries group and whose realization would be likely to have a signi fi cant net impact on the Group’s business, fi nancial position or outlook at the date of this Universal Registration Document. This section is not intended to present all of the Group’s risk factors. Other risks, of which the Company is not aware at the date of this Universal Registration Document, may exist or arise. With regard to the impact of Covid-19, the EXEL Industries group has shown great resilience in an extremely disturbed general environment. The Group’s teams worked to adapt to the new environment, both in terms of compliance with precautionary

Risk category

Risk factors

Assessment

Restrictions on using phytosanitary products

average

Risks connected to the sector of activity

Risk related to changes in the sugar beet market

average

Risk related to the distribution network

average

Risks inherent in fi nancial and IT processes

average

Operational risks

Occupational health and safety

average

Farm equipment fi nancing needs by farmers

average

Financial risks

Foreign exchange risk

low

Other risks

Brexit

low

EXEL Industries group I 2020 Universal Registration Document

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