SOMFY - Annual Financial Report 2020

CONTENTS

01 PRESENTATION OF THE GROUP Joint interview of the Management Board 4 Profile 6 Investor relations 16 Organisation 17 02

05 CONSOLIDATED FINANCIAL STATEMENTS Key figures 98 2020 highlights 102 Post-balance sheet events 103 Consolidated income statement 105 Consolidated statement of comprehensive income 106 Consolidated balance sheet - Equity and liabilities 109 Consolidated statement of changes in equity 110 Notes to the consolidated financial statements 111 06 PARENT COMPANY FINANCIAL STATEMENTS Income statement for the year ended 31 December 2020 154 Balance sheet at 31 December 2020 155 Proposed allocation of 2020 profit 155 Notes to the Somfy SA financial statements 156 07 LEGAL DOCUMENTS Statutory Auditors’ report on the parent company financial statements 172 Consolidated cash flow statement 107 Consolidated balance sheet - Assets 108

MANAGEMENT BOARD MANAGEMENT REPORT

Highlights of the year 20 Presentation of financial statements 22

Stock market performance 23 Post-balance sheet events 23 Outlook 24 Risk management and internal control 25 Non-financial statement 31 Information on research and development activities 31 List of existing branches 32 Value of intercompany loans granted 32 Information on payment terms 32 Information on the distribution of share capital and holdings 33 Information on transactions performed by Directors during the financial year 35 Approval of the parent company and consolidated financial statements for the year ended 31 December 2020 36 Information on non-deductible charges 36 Allocation of net profit 36 Combined General Meeting of 2 June 2021 36 Appendix: Somfy SA financial results for the last five years 42 03 NON-FINANCIAL STATEMENT Presentation of the business model 44 Presentation of the Group’s sustainable development strategy 46 Presentation of non-financial risks 47 Somfy’s responses to non-financial risks 49 Methodology note 63 04 REPORT ON CORPORATE GOVERNANCE Corporate governance 66 Information on remuneration 74

Statutory Auditors’ special report on regulated agreements Statutory Auditors’ report on the consolidated financial statements Report by one of the Statutory Auditors, appointed as Independent Third Party, on the consolidated non-financial statement Statutory Auditors’ report on the authorisation to allocate share purchase options Draft resolutions to the Combined General Meeting of 2 June 2021

176

177

180

183

184

Statement from the individual responsible for the Annual Financial Report

188

08 RECENT EVENT

Press release of 20 April 2021 189

Information on elements liable to have an impact in the event of a public offering

95

Observations of the Supervisory Board on the Management Board’s management report and the financial statements for the financial year 95

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SOMFY – ANNUAL FINANCIAL REPORT 2020