Somfy // Annual Financial Report 2021

ANNUAL FINANCIAL REPORT 2021

CONTENTS

01

05

PRESENTATION OF THE GROUP

CONSOLIDATED FINANCIAL STATEMENTS $? '*(;8$9 eced )*()/*():9 39:Q / 1!$ 9)$$: $<$1:9 3193/*# :$# *1!30$ 9: :$0$1: 3193/*# :$# 9: :$0$1: 3' !3068$)$19*<$ *1!30$ 3193/*# :$# / 1!$ 9)$$: Q 7;*:? 1# /* */*:*$9 3193/*# :$# 9: :$0$1: 3' !) 1($9 *1 $7;*:? 3:$9 :3 :)$ !3193/*# :$# '*1 1!* / 9: :$0$1:9 06 PARENT COMPANY FINANCIAL STATEMENTS 1!30$ 9: :$0$1: '38 :)$ ?$ 8 $1#$# fd $!$0 $8 eced / 1!$ 9)$$: : fd $!$0 $8 eced 83639$# //3! :*31 3' eced 683'*: 3:$9 :3 :)$ 30'? '*1 1!* / 9: :$0$1:9 07 3193/*# :$# ! 9) '/3= 9: :$0$1: 3193/*# :$# / 1!$ 9)$$: R 99$:9 : :;:38? ;#*:389M 8$638: 31 :)$ 6 8$1: !306 1? '*1 1!* / 9: :$0$1:9 : :;:38? ;#*:389M 96$!* / 8$638: 31 8$(;/ :$# (8$$0$1:9 : :;:38? ;#*:389M 8$638: 31 :)$ !3193/*# :$# '*1 1!* / 9: :$0$1:9 $638: ? 31$ 3' :)$ : :;:38? ;#*:389I 663*1:$# 9 1#$6$1#$1: )*8# 8:?I 31 :)$ !3193/*# :$# 131Q'*1 1!* / 9: :$0$1: : :;:38? ;#*:389M 8$638: 31 :)$ 9) 8$ ! 6*: / 8$#;!:*31 : :;:38? ;#*:389M 8$638: 31 :)$ ;:)38*9 :*31 :3 //3! :$ 9) 8$9I $>*9:*1( 38 :3 $ *99;$#I '8$$ 3' !) 8($ 8 ': 8$93/;:*319 :3 :)$ 30 *1$# $1$8 / $$:*1( 3' d ;1$ ecee LEGAL DOCUMENTS

3*1: *1:$8<*$= =*:) :)$ /$ #$89)*6 :$ 0 83'*/$ 1<$9:38 8$/ :*319 8( 1*9 :*31 02

MANAGEMENT REPORT

*()/*():9 3' :)$ ?$ 8 8$9$1: :*31 3' '*1 1!* / 9: :$0$1:9

:3!. 0 8.$: 6$8'380 1!$ 39:Q / 1!$ 9)$$: $<$1:9 ;:/33. *9. 0 1 ($0$1: 1# *1:$81 / !31:83/ 31Q'*1 1!* / 9: :$0$1: 1'380 :*31 31 8$9$ 8!) 1# #$<$/360$1: !:*<*:*$9 *9: 3' $>*9:*1( 8 1!)$9 /;$ 3' *1:$8!306 1? /3 19 (8 1:$# 1'380 :*31 31 6 ?0$1: :$809 1'380 :*31 31 :)$ #*9:8* ;:*31 3' 9) 8$ ! 6*: / 1# )3/#*1(9 1'380 :*31 31 :8 19 !:*319 6$8'380$# ? *8$!:389 #;8*1( :)$ '*1 1!* / ?$ 8 $638: 3' :)$ 3 8# 3' *8$!:389 :3 :)$ 30 *1$# $1$8 / $$:*1( 3' d ;1$ ecee 66$1#*>K 30'? '*1 1!* / 8$9;/:9 '38 :)$ / 9: '*<$ ?$ 89 03 8$9$1: :*31 3' :)$ ;9*1$99 03#$/ ;836$ 1 8$$1 >3130? 8$9$1: :*31 3' :)$ 83;6M9 ;9: *1 /$ $<$/360$1: 9:8 :$(? 8$9$1: :*31 3' 131Q'*1 1!* / 8*9.9 30'?M9 8$96319$9 :3 131Q'*1 1!* / 8*9.9 8$$1 >3130? 388$9631#$1!$ =*:) eiccc 9: 1# 8# $:)3#3/3(? 13:$ 04 REPORT ON CORPORATE GOVERNANCE 38638 :$ 3<$81 1!$ 1'380 :*31 31 8$0;1$8 :*31 1'380 :*31 31 $/$0$1:9 /* /$ :3 ) <$ 1 *06 !: *1 :)$ $<$1: 3' 6; /*! 3''$8*1( NON-FINANCIAL STATEMENT

: :$0$1: '830 :)$ *1#*<*#; / 8$96319* /$ '38 :)$ 11; / *1 1!* / $638:

08

RECENT EVENT

8$99 8$/$ 9$ 3' fc 8!) ecee

)*9 11; / *1 1!* / $638: *9 '8$$ :8 19/ :*31 *1:3 1(/*9) 3' :)$ 3''*!* / <$89*31 3' :)$ 11; / *1 1!* / $638: =)*!) ) 9 $$1 68$6 8$# *1 8$1!) 1# *1 '380 : U ;836$ 1 *1(/$ /$!:831*! 380 :V 1# *9 < */ /$ 31 :)$ 306 1?M9 =$ 9*:$ U===L930'?L!30VL

2

SOMFY – ANNUAL FINANCIAL REPORT 2021

01

PRESENTATION OF THE GROUP

3*1: *1:$8<*$= =*:) :)$ /$ #$89)*6 :$ 0 83'*/$ 1<$9:38 8$/ :*319 8( 1*9 :*31

3

SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

Joint interview with the leadership team

ϮϬϮϭ t ^ z Z K& ^dZKE' 'ZKtd, d, d >^K ^ t d, > Z d/KE K& ^KD&z͛^ dZ E^&KZD d/KE /E < W/E' t/d, /d^ 'Ks ZE E E ^h^d /E > s >KWD Ed ^dZ d 'z͘ > d͛^ d >< dK : E 'h/>> hD ^W dhZ ͕ , /ZD E K& d, K Z K& /Z dKZ^͕ E W/ ZZ Z/ /ZK͕ ,/ & y hd/s K&&/ Z͘

“Thanks to the new governance structure, we were able to manage the electronic component crisis without postponing this forward-looking ĂŶĚ ƐƚƌĂƚĞŐŝĐ ƌĞŇĞĐƟŽŶ͘͟ Pierre Ribeiro

How did Somfy perform in 2021? ͹ P.R.: ϮϬϮϭ ǁĂƐ ŝŶ ůŝŶĞ ǁŝƚŚ ϮϬϮϬ͕ Ă LJĞĂƌ ŝŶ ǁŚŝĐŚ ^ŽŵĨLJ ƚŽŽŬ ĨƵůů ĂĚǀĂŶƚĂŐĞ ŽĨ ƚŚĞ ƌĞĐŽǀĞƌLJ ƚŚĂƚ ĨŽůůŽǁĞĚ ƚŚĞ ĮƌƐƚ ůŽĐŬĚŽǁŶ͘ 'ƌŽǁƚŚ ĂĐĐĞůĞƌĂƚĞĚ ƚŽ ϭϱ͘ϳй ŽŶ Ă ůŝŬĞͲĨŽƌͲůŝŬĞ ďĂƐŝƐ͘ /ƚ ǁĂƐ ĐŽƵƉůĞĚ ǁŝƚŚ ƐƚƌŽŶŐ ƉƌŽĮƚĂďŝůŝƚLJ ĂŶĚ Ă ĐƵƌƌĞŶƚ ŽƉĞƌĂƟŶŐ ŵĂƌŐŝŶ ŽĨ ϮϬ͘ϰй͕ ŝŶ ůŝŶĞ ǁŝƚŚ ƚŚĂƚ ƐĞĞŶ ŝŶ ϮϬϮϬ͘ ^ŽŵĨLJ ĂůƐŽ ĚĞŵŽŶƐƚƌĂƚĞĚ ŝƚƐ ĂďŝůŝƚLJ ƚŽ ŐĞŶĞƌĂƚĞ ĐĂƐŚ͗ Φϭϰϴ ŵŝůůŝŽŶ ĨŽƌ ƚŚĞ ĮŶĂŶĐŝĂů LJĞĂƌ ĂŌĞƌ ƚŚĞ ĂĐƋƵŝƐŝƟŽŶ ŽĨ ZĠƉĂƌ͛ƐƚŽƌĞƐ͘ ͹ J.G.D.: dŚŝƐ ƐƚƌŽŶŐ ŐƌŽǁƚŚ ŚĂƐ ŶŽƚ ĂďĂƚĞĚ ƐŝŶĐĞ :ƵŶĞ ϮϬϮϬ͘ /Ŷ ƚŚĞ ůŽŶŐ ƚĞƌŵ͕ ƚŚŝƐ ƉĂĐĞ ĐĂŶŶŽƚ ďĞ ƐƵƐƚĂŝŶĞĚ ĂƐ ƚŚĞ ĂĐĐĞůĞƌĂƟŽŶ ŝƐ ďĞŝŶŐ ĚƌŝǀĞŶ ďLJ ƉŽƐƚͲ ŽǀŝĚ ĞīĞĐƚƐ͘ ^ŽŵĨLJ ŚĂƐ ďĞŶĞĮƚĞĚ ĨƌŽŵ Ă ƌĞĨŽĐƵƐŝŶŐ ŽĨ ŝŶǀĞƐƚŵĞŶƚƐ ŝŶ ƚŚĞ ŚŽŵĞ͕ ǁŚĞƌĞ ĨĂŵŝůŝĞƐ ƐƉĞŶĚ ƚŚĞŝƌ ƟŵĞ ĂŶĚ ĨƌŽŵ ǁŚĞƌĞ ƚŚĞLJ ǁŽƌŬ ƌĞŵŽƚĞůLJ͕ ĂŶĚ ĨƌŽŵ ƚŚĞ ĨƌĞŶnjŝĞĚ ŚŽƵƐŝŶŐ ŵĂƌŬĞƚ͕ ǁŚŝĐŚ ŚĂƐ ŐŽŶĞ ŚĂŶĚͲŝŶͲŚĂŶĚ ǁŝƚŚ Ă ůŽƚ ŽĨ ƌĞŶŽǀĂ ƟŽŶ ǁŽƌŬ͘ ͹ J.G.D.: dŚĞ ŚĞĂůƚŚ ĐƌŝƐŝƐ͕ ƚŚĞ ŝŶĐƌĞĂƐĞĚ ĐŽƐƚ ŽĨ ƌĂǁ materials and the shortage of electronic components are all forcing ƵƐ ƚŽ ƌĞŝŶǀĞŶƚ ŽƵƌƐĞůǀĞƐ͘ tĞ ĂƌĞ ƌĂŵƉŝŶŐ ƵƉ ƚŚŝƐ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ďLJ ĂĐĐĞůĞƌĂƟŶŐ ŽƵƌ ĚŝŐŝƚĂůŝƐĂƟŽŶ͘ tĞ ĂƌĞ ŽƉĞƌĂƟŶŐ ǁŝƚŚŝŶ ƚǁŽ ƟŵĞĨƌĂŵĞƐ͘ tĞ ĂƌĞ ƉƌĞƉĂƌŝŶŐ ĨŽƌ ƚŚĞ ĨƵƚƵƌĞ͕ ĨŽƌ ĞdžĂŵƉůĞ ǁŝƚŚ ƚŚĞ ĂĐƋƵŝƐŝƟŽŶ ŽĨ ZĠƉĂƌ͛ƐƚŽƌĞƐ ŝŶ ŽƌĚĞƌ ƚŽ ĐŽŶƚƌŝďƵƚĞ ƚŽ ƚŚĞ ŽǀĞƌĂůů ůŝĨĞ ĐLJĐůĞ ŵĂŶĂŐĞŵĞŶƚ ŽĨ ƌŽůůĞƌ ƐŚƵƩĞƌƐ͕ ǁŚŝůĞ ƌĞŵĂŝŶŝŶŐ ĨŽĐƵƐĞĚ ŽŶ ĚĂLJͲƚŽͲĚĂLJ ŽƉĞƌĂƟŽŶĂů ĞdžĐĞůůĞŶĐĞ ĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞ͘ ͹ P.R.: KƵƌ ŶĞǁ ŐŽǀĞƌŶĂŶĐĞ ŵĂŬĞƐ ƚŚŝƐ ƉŽƐƐŝďůĞ͘ :ĞĂŶ 'ƵŝůůĂƵŵĞ͕ ĂƐ ŚĂŝƌŵĂŶ ŽĨ ƚŚĞ ŽĂƌĚ ŽĨ ŝƌĞĐƚŽƌƐ͕ ƐĞƚƐ ƚŚĞ ŽǀĞƌĂůů ůŽŶŐͲƚĞƌŵ ƉƌŝŽƌŝƟĞƐ͘ Ɛ K͕ / Ăŵ ƌĞƐƉŽŶƐŝďůĞ ĨŽƌ ƚŚĞ ƐƵĐĐĞƐƐĨƵů ŝŵƉůĞŵĞŶƚĂƟŽŶ ŽĨ ƚŚĞ ƐƚƌĂƚĞŐLJ͕ ŽƉĞƌĂƟŽŶĂů ĞdžĐĞůůĞŶĐĞ ĂŶĚ ƚŚĞ ƚƌĂŶƐĨŽƌŵĂƟŽŶ͘ dŚĞ ĞůĞĐƚƌŽŶŝĐ ĐŽŵƉŽŶĞŶƚ ĐƌŝƐŝƐ ŝƐ Ă ĐĂƐĞ ŝŶ ƉŽŝŶƚ͘ How is Somfy adapting and looking to the future in a permanently unpredictable environment?

We were able to manage it without postponing this forward-looking ĂŶĚ ƐƚƌĂƚĞŐŝĐ ƌĞŇĞĐƟŽŶ͘ tĞ ŚĂǀĞ ĞƐƚĂďůŝƐŚĞĚ Ă ƚĞĂŵ ŝŶ ĐŚĂƌŐĞ ŽĨ ƐĞĐƵƌŝŶŐ ŽƵƌ ƐƵƉƉůLJ ƐŽƵƌĐĞƐ ĂŶĚ ďŽŽƐƟŶŐ ŽƵƌ ZΘ ŝŶŝƟĂƟǀĞƐ ƚŽ ĚĞƐŝŐŶ ŵŽƚŽƌƐ ŝŶĐŽƌƉŽƌĂƟŶŐ ƚŚĞ ĐŽŵƉŽŶĞŶƚƐ ĂǀĂŝůĂďůĞ ŽŶ ƚŚĞ ŵĂƌŬĞƚ͘

What is the nature of the ongoing transformation?

͹ J.G.D.: ,ĂǀŝŶŐ ĚĞĮŶĞĚ ŝƚƐ ǀŝƐŝŽŶ͕ ƌŽůůĞĚ ŽƵƚ ŝƚƐ ŽƌŐĂŶŝƐĂƟŽŶ ďLJ ĨƵŶĐƟŽŶ ĂŶĚ ƐĞƚ ƵƉ ŝƚƐ ŶĞǁ ŐŽǀĞƌŶĂŶĐĞ ƐƚƌƵĐƚƵƌĞ͕ ^ŽŵĨLJ ŝƐ ĚĞŵŽŶƐƚƌĂƟŶŐ ŝƚƐ ĂďŝůŝƚLJ ƚŽ ŵĂŶĂŐĞ ƐƚƌŽŶŐ ŐƌŽǁƚŚ ĂŶĚ ĚLJŶĂŵŝĐ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ƐŝŵƵůƚĂŶĞŽƵƐůLJ͘ dŚĞ ůĂƩĞƌ ƚĂŬĞƐ ƚŚĞ ĨŽƌŵ ŽĨ Ă ƉƌŽŐƌĂŵ ŽĨ ŵĂũŽƌ ƉƌŽũĞĐƚƐ ƐƵĐŚ ĂƐ ƚŚĞ ƌŽďƵƐƚŶĞƐƐ ŽĨ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞ ŽĨ ƐĂůĞƐ ƚĞĂŵƐ ĂŶĚ ƚŚĞ ĞĸĐŝĞŶĐLJ ŽĨ ZΘ ͘ ͹ P.R.: dŚĞ ĐƌŝƐŝƐ ŝƐ ĂĐĐĞůĞƌĂƟŶŐ ƚŚŝƐ ƚƌĂŶƐĨŽƌŵĂƟŽŶ͘ /ŵƉƌŽǀŝŶŐ ŽƵƌ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ ŝƐ Ă ƉƌŝŽƌŝƚLJ ĨŽƌ ^ŽŵĨLJ͕ ĂƐ ŝƐ ƚŚĞ ƌŽůůͲŽƵƚ ŽĨ Ă ŶĞǁ ZW Ăƚ 'ƌŽƵƉ ůĞǀĞů͘ dŚŝƐ ĐƌŝƐŝƐ ĂůƐŽ ŚŝŐŚůŝŐŚƚƐ ƚŚĞ ŝŵƉŽƌƚĂŶĐĞ ŽĨ ĐŽŶƟŶƵŝŶŐ ƚŽ ŽƉƟŵŝƐĞ ŽƵƌ ůŽŐŝƐƟĐĂů ĂŶĚ ŝŶĚƵƐƚƌŝĂů ĞĸĐŝĞŶĐLJ ƚŽ ďĞƩĞƌ ƐĞƌǀĞ ŽƵƌ ĐƵƐƚŽŵĞƌƐ͘

4

SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

&ƌŽŵ ůĞŌ ƚŽ ƌŝŐŚƚ JeanGuillaume DESPATURE, ŚĂŝƌŵĂŶ ŽĨ ƚŚĞ ŽĂƌĚ ŽĨ ŝƌĞĐƚŽƌƐ ĂŶĚ Pierre RIBEIRO, ŚŝĞĨ džĞĐƵƟǀĞ KĸĐĞƌ

͹ J.G.D.: KƵƌ ĮƌƐƚ ƉƌŝŽƌŝƚLJ ŝƐ ƚŽ ĐŽŵƉůĞƚĞ ƚŚĞ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ƚŚĂƚ ǁĞ ŝŶŝƟĂƚĞĚ ĂƌŽƵŶĚ ƚŚĞ ŐůŽďĂůŝƐĂƟŽŶ ŽĨ ƚŚĞ ĐŽŵƉĂŶLJ͕ ƚŚĞ ĞdžĐĞů ůĞŶĐĞ ŽĨ ŽƵƌ ďƵƐŝŶĞƐƐĞƐ ĂŶĚ ĚŝŐŝƚĂůŝƐĂƟŽŶ͘ ƚ ƚŚĞ ƐĂŵĞ ƟŵĞ͕ ǁĞ ĂƌĞ ƐƚĂƌƟŶŐ ƚŽ ůŽŽŬ ƚŽ ŽƵƌ ǀĂůƵĞ ƉƌŽƉŽƐŝƟŽŶ ŝŶ ŽƌĚĞƌ ƚŽ ƐƵƉƉŽƌƚ ŽƵƌ ďƵƐŝ ŶĞƐƐ ĐƵƐƚŽŵĞƌƐ ŝŶ ƚŚĞŝƌ ŽǁŶ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ďLJ ĐĂƉŝƚĂůŝƐŝŶŐ ŽŶ ƚŚĞ ƉŽǁĞƌ ĂŶĚ ŽƉƉŽƌƚƵŶŝƟĞƐ ĚŝŐŝƚĂů ĂīŽƌĚƐ͘

Why did you set out the “WE ACT FOR A BETTER WAY” Sustainability Development strategy formally? ͹ J.G.D.: ^ŽŵĨLJ ŚĂƐ ůŽŶŐ ďĞĞŶ ĐŽŵŵŝƩĞĚ ƚŽ ^ƵƐƚĂŝŶĂďůĞ ĞǀĞůŽƉŵĞŶƚ͘ tĞ ǁĂŶƚĞĚ ƚŽ ĐůĂƌŝĨLJ ŽƵƌ ƐƚƌĂƚĞŐLJ ĂŶĚ ƐĞƚ ĂŵďŝƟŽƵƐ ŐŽĂůƐ͘ dŚŝƐ ƐƚƌĂƚĞŐLJ ŝƐ ŬĞLJ ďĞĐĂƵƐĞ ƚŚĞ ĞŶĞƌŐLJ ƉĞƌĨŽƌŵĂŶĐĞ ŽĨ ďƵŝůĚ ŝŶŐƐ ŝƐ Ăƚ ƚŚĞ ŚĞĂƌƚ ŽĨ ŽƵƌ ǀĂůƵĞ ƉƌŽƉŽƐŝƟŽŶ͘ KƵƌ ƉƌŽĚƵĐƚƐ ĐŽŶƚƌŝďƵƚĞ ƚŽ ƌĞĚƵĐŝŶŐ ŽƵƌ ĐƵƐƚŽŵĞƌƐ͛ ĐĂƌďŽŶ ĨŽŽƚƉƌŝŶƚ͘ ϲϭ͘ϱй ŽĨ ŽƵƌ ƉƌŽĚƵĐƚƐ ƐŽůĚ ŝŶ ϮϬϮϭ ǁĞƌĞ ĞĐŽͲĚĞƐŝŐŶĞĚ͘ ͹ P.R.: tĞ ĂƌĞ ĂůƐŽ ƚĂŬŝŶŐ ĂĐƟŽŶ ŝŶ ƌĞůĂƟŽŶ ƚŽ ƚŚĞ ĐĂƌďŽŶ ĨŽŽƚƉƌŝŶƚ ŽĨ ŽƵƌ ďƵƐŝŶĞƐƐ͕ ŝŶĐůƵĚŝŶŐ ŽƵƌ ĨĂĐƚŽƌŝĞƐ͕ ǁŚĞƌĞ ϰϬй ŽĨ ĞůĞĐƚƌŝĐŝƚLJ ĐŽŶƐƵŵƉƟŽŶ ŝƐ ĨƌŽŵ ƌĞŶĞǁĂďůĞ ƐŽƵƌĐĞƐ͘ Ɛ ĨŽƌ ŽƵƌ ƌŽůůĞƌ ƐŚƵƩĞƌ ĂŶĚ ĂǁŶŝŶŐ ŵŽƚŽƌƐ͕ ǁĞ Ăŝŵ ƚŽ ƌĞĚƵĐĞ ƚŚĞŝƌ ĞŶĞƌŐLJ ĐŽŶƐƵŵƉ ƟŽŶ ďLJ ϰϬй ďLJ ϮϬϯϬ͘

͞dŚĞ ŶĞdžƚ ƐƚĞƉ ŝƐ ƚŽ ƐƵƉƉŽƌƚ ŽƵƌ ďƵƐŝŶĞƐƐ ĐƵƐƚŽŵĞƌƐ ŝŶ ƚŚĞŝƌ ŽǁŶ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ďLJ ĐĂƉŝƚĂůŝƐŝŶŐ ŽŶ ƚŚĞ ƉŽǁĞƌ ĂŶĚ ŽƉƉŽƌƚƵŶŝƟĞƐ ƚŚĂƚ

Whatdoes the futurehold

forSomfy?

͹ P.R.: tŝƚŚ ŐůŽďĂů ǁĂƌŵŝŶŐ ĂŶĚ ƌŝƐŝŶŐ ĞŶĞƌŐLJ ƉƌŝĐĞƐ͕ ƚŚĞ ĞŶĞƌŐLJ ƉĞƌĨŽƌŵĂŶĐĞ ŽĨ ďƵŝůĚŝŶŐƐ ŚĂƐ ďĞĐŽŵĞ Ă ŬĞLJ ŝƐƐƵĞ͘ ^ŽŵĨLJ ŝƐ ǁĞůů ƉŽƐŝƚŝŽŶĞĚ ƚŽ ŽĨĨĞƌ ƐŽůƵƚŝŽŶƐ ƚŚĂƚ ƉƌŽƚĞĐƚ ƚŚĞ ŚŽŵĞ ŝŶ ƐƵŵŵĞƌ ĂŶĚ ƉƌŽǀŝĚĞ ĚLJŶĂŵŝĐ ƐƵŶůŝŐŚƚ ŵĂŶĂŐĞŵĞŶƚ ŝŶ ǁŝŶƚĞƌ͘ KƵƌ ĨƵƚƵƌĞ ĂůƐŽ ůŝĞƐ ŝŶ ƚŚĞ ĐƌĞĂƚŝŽŶ ŽĨ ŶĞǁ ƐĞƌǀŝĐĞƐ ǁŝƚŚ ŚŝŐŚ ĂĚĚĞĚ ǀĂůƵĞ ĨŽƌ ŵĂŶƵĨĂĐƚƵƌĞƌƐ͕ ŝŶƐƚĂůůĞƌƐ ĂŶĚ ƵƐĞƌƐ͘

ĚŝŐŝƚĂů ĂīŽƌĚƐ͘͟ Jean Guillaume Despature

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

PROFILE

The benchmark for useful, simple, and reliable Smart Living, ^ŽŵĨLJ ŝŶŶŽǀĂƚĞƐ ǀŝƌƚƵŽƵƐ ƐŽůƵƟŽŶƐ ĂĐĐĞƐƐŝďůĞ ƚŽ the greatest number of people. As the preferred partner ĨŽƌ ǁŝŶĚŽǁ ĂŶĚ ĚŽŽƌ ĂƵƚŽŵĂƟŽŶ ĨŽƌ ŚŽŵĞƐ ĂŶĚ buildings, Somfy: contributes ƚŽ ĐƌĞĂƟŶŐ ĞǀĞƌ ŵŽƌĞ ǀĂůƵĞ ďLJ ĨŽƌŐŝŶŐ inspiring win-win partnerships that invite us to see ŽƵƌ ŚŽŵĞƐ ĚŝīĞƌĞŶƚůLJ͕ ĐŚĂŶŐŝŶŐ ŽƵƌ ŚĂďŝƚƐ Ăƚ ŚŽŵĞ͕ ĂŶĚ ĐƌĞĂƟŶŐ ĞĂƐŝĞƌ ĂŶĚ ŵŽƌĞ ǀŝƌƚƵŽƵƐ ƐŽůƵƟŽŶƐ͖ ĂŶƟĐŝƉĂƚĞƐ customer usages by listening to them and ƵŶĚĞƌŐŽŝŶŐ ƚŚĞ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ŶĞĐĞƐƐĂƌLJ ƚŽ ŐƵĂƌĂŶƚĞĞ ƚŚĞ ďĞƐƚ ƉŽƐƐŝďůĞ ĞdžƉĞƌŝĞŶĐĞ͖ ŝƐ ĐŽŵŵŝƩĞĚ to developing a humane and inclusive approach that encourages everyone to grow and act locally. ǀĞƌLJ ĚĂLJ͕ ^ŽŵĨLJ ŝƐ ĚĞĚŝĐĂƚĞĚ ƚŽ ǁƌŝƟŶŐ ƚŚĞ ƐƚŽƌLJ ŽĨ what homes will be like tomorrow. A safe, comfortable, ŝŶƚƵŝƟǀĞ͕ ĂŶĚ ĞŶĞƌŐLJͲĞĸĐŝĞŶƚ ŚŽŵĞ͘ Driven by the desire to respond to profound social and societal changes, Somfy is a family ďƵƐŝŶĞƐƐ ĐŽŵŵŝƩĞĚ ƚŽ ŝŶƐƉŝƌŝŶŐ ŶĞǁ ǁĂLJƐ of living for all. An independent and French Group, Somfy is the world leader in its ƐĞĐƚŽƌ͕ ƉŝŽŶĞĞƌŝŶŐ ŚŽŵĞ ĂƵƚŽŵĂƟŽŶ ĂŶĚ ŝƚƐ ŵŽƚŽƌŝnjĂƟŽŶƐ ĨŽƌ ŽǀĞƌ ϱϬ LJĞĂƌƐ͘

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

^ŽŵĨLJ Ăƚ Ă ŐůĂŶĐĞ

ĐƟǀŝƚLJ Θ &ŝŶĂŶĐŝĂů WĞƌĨŽƌŵĂŶĐĞ

tŽƌůĚǁŝĚĞ ƉƌĞƐĞŶĐĞ

— 6,880 employees in 59 countries

— 8 ƉƌŽĚƵĐƟŽŶ ƐŝƚĞƐ

SALES

€1,477.8M

SALES GROWTH + 15.7% on a like-for-like basis compared to 2020

ZΘ ĂŶĚ ^ƵƐƚĂŝŶĂďůĞ ĞǀĞůŽƉŵĞŶƚ

CURRENT OPERATING RESULT €301.1M

— 61.5% of products sold with Act for Green label

— 2,281 ƉĂƚĞŶƚƐ ŝŶ ƉŽƌƞŽůŝŽ

ϰ ĂƉƉůŝĐĂƟŽŶ ƚLJƉĞƐ

Shutters and solar protections

Connected Home

Security & Access control

Interior blinds and curtains

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

EXECUTIVE COMMITTEE

Composed of 8 members and headed ďLJ WŝĞƌƌĞ ZŝďĞŝƌŽ͕ ƚŚĞ džĞĐƵƟǀĞ ŽŵŵŝƩĞĞ ƐƵďŵŝƚƐ ĂŶĚ ŝŵƉůĞŵĞŶƚƐ ƚŚĞ ƐƚƌĂƚĞŐLJ ĂŶĚ ƌŽůůƐ ŽƵƚ ƚŚĞ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ƉƌŽŐƌĂŵ͘ It guarantees ŽƉĞƌĂƟŽŶĂů ĞdžĐĞůůĞŶĐĞ͕ ĐƵƐƚŽŵĞƌ ĞdžƉĞƌŝĞŶĐĞ ƋƵĂůŝƚLJ͕ ĂŶĚ ĞŵƉůŽLJĞĞ ĞŶŐĂŐĞŵĞŶƚ͘

One year with our new governance

PierreRibeiro ŚŝĞĨ džĞĐƵƟǀĞ KĸĐĞƌ

2021 WAS THE YEAR THE FORM OF A LIMITED COMPANY WITH A BOARD OF DIRECTORS WITH SEPARATE CHAIRMAN OF THE BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICER FUNCTIONS WAS INTRODUCED. IN A CHANGING ENVIRONMENT, THIS GOVERNANCE GIVES THE COMPANY MOMENTUM TO WRITE ITS FUTURE AND EXCEL IN THE EXECUTION OF ITS STRATEGY.

Pierre Ribeiro ŚŝĞĨ džĞĐƵƟǀĞ KĸĐĞƌ

sĂůĠƌŝĞ ŝdžŵŝĞƌ ĞƉƵƚLJ K ŝŶ ĐŚĂƌŐĞ ŽĨ WĞŽƉůĞ͕ ƵůƚƵƌĞ ĂŶĚ KƌŐĂŶŝnjĂƟŽŶ

Tobias Schaper 'ƌŽƵƉ &K

DĂƌŝĞ ŝĞŐůĞƌ ,ĞĂĚ ŽĨ ^ƚƌĂƚĞŐLJ Θ /ŶƐŝŐŚƚƐ

ƌƵŶŽ ĂƌůĞƚ ,ĞĂĚ ŽĨ ^ĂůĞƐ

Marc Westermann ,ĞĂĚ ŽĨ WƌŽĚƵĐƚƐ Θ ^ĞƌǀŝĐĞƐ

:ĞĂŶͲ ůĂƵĚĞ ZŝǀŝĞƌ ,ĞĂĚ ŽĨ ŶŐŝŶĞĞƌŝŶŐ Θ ƵƐƚŽŵĞƌ ^ĂƟƐĨĂĐƟŽŶ

ƌƵŶŽ ^ƚƌĂŐůŝĂƟ ,ĞĂĚ ŽĨ KƉĞƌĂƟŽŶƐ Θ ^ƵƉƉůLJ ŚĂŝŶ

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

BOARD OF DIRECTORS

SPECIALIST COMMITTEES

Chaired by Jean Guillaume Despature, the Board of Directors sets Somfy’s ĂŵďŝƟŽŶƐ͕ ĚĞƚĞƌŵŝŶĞƐ ŝƚƐ ŵĂũŽƌ ŽƌŝĞŶƚĂƟŽŶƐ͕ ĂŶĚ ǀĂůŝĚĂƚĞƐ ŝƚƐ ƐƚƌĂƚĞŐLJ͘ The Board is a genuine partner for the džĞĐƵƟǀĞ ŽŵŵŝƩĞĞ͕ ƐƵƉƉŽƌƚƐ ŝƚ ŝŶ ƌŽůůŝŶŐ ŽƵƚ ŝƚƐ ŵďŝƟŽŶ ϮϬϯϬ͕ ĂŶĚ ĂŶƟĐŝƉĂƚĞƐ ŵĂũŽƌ ƚƌĞŶĚƐ ƚŽ ƉƌĞƉĂƌĞ ĨŽƌ ƚŚĞ ĨƵƚƵƌĞ͘ d ŚĞ ŽĂƌĚ͛Ɛ ƉŽƐƚƵƌĞ ŝƐ ĞǀŽůǀŝŶŐ͕ ĂŶĚ ŝƚƐ ƐĐŽƉĞ ŽĨ ĂĐƟŽŶ ŝƐ ǁŝĚĞŶĞĚ ďLJ ďĞŝŶŐ ŵŽƌĞ ŝŶ ƚŽƵĐŚ ǁŝƚŚ ĐƵƌƌĞŶƚ ŝƐƐƵĞƐ ĂŶĚ ǁŽƌŬŝŶŐ ŽŶ ƚŚĞ ďƵĚŐĞƚ ĂŶĚ ĂĐƋƵŝƐŝƟŽŶƐ͘ d ǁŽ K ďƐĞƌǀĞƌƐ ũŽŝŶĞĚ ƚŚĞ ŽĂƌĚ ŝŶ ϮϬϮϭ ĂŶĚ ďƌŽƵŐŚƚ ƚŚĞŝƌ ĞdžƉĞƌƟƐĞ ŝŶ ĚŝŐŝƚĂůŝnjĂƟŽŶ ĂŶĚ ĮŶĂŶĐĞ͘

^ƉĞĐŝĂůŝƐƚ ŽŵŵŝƩĞĞƐ͕ ǁŚŝĐŚ ĂƌĞ ƉĂƌƚ ŽĨ ƚŚĞ ŽĂƌĚ͕ prepare ƚŚĞ ŽĂƌĚ͛Ɛ ǁŽƌŬ ĂŶĚ ĨĂĐŝůŝƚĂƚĞ ĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐ ďLJ ƐƵďŵŝƫŶŐ ƌĞĐŽŵŵĞŶĚĂƟŽŶƐ ŽŶ ŵĂƩĞƌƐ ǁŝƚŚŝŶ ƚŚĞŝƌ ƌĞƐƉĞĐƟǀĞ ĂƌĞĂƐ ŽĨ ĐŽŵƉĞƚĞŶĐĞ͘

AUDIT AND RISK COMMITTEE / ƚ ĐŽŶƚƌŝďƵƚĞƐ ƚŽ ĐůŽƐŝŶŐ ƚŚĞ ŚĂůĨͲLJĞĂƌ ĂŶĚ ĂŶŶƵĂů ĮŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ ĂŶĚ ƉƌĞƉĂƌŝŶŐ ƚŚĞ ŝŶĨŽƌŵĂƟŽŶ ƉƌŽǀŝĚĞĚ ƚŽ ƐŚĂƌĞŚŽůĚĞƌƐ ĂŶĚ ƚŚĞ ŵĂƌŬĞƚ ĂƐ Ă ǁŚŽůĞ͘ / ƚ ĞŶƐƵƌĞƐ ƚŚĞ ĞīĞĐƟǀĞŶĞƐƐ ŽĨ ŝŶƚĞƌŶĂů ĐŽŶƚƌŽů ĂŶĚ ƌŝƐŬ ŵĂŶĂŐĞŵĞŶƚ ƐLJƐƚĞŵƐ ŝŶ ƉƌĞƉĂƌŝŶŐ ĂĐĐŽƵŶƟŶŐ ĂŶĚ ĮŶĂŶĐŝĂů ŝŶĨŽƌŵĂƟŽŶ͘ / ƚ ƉĂƌƟĐŝƉĂƚĞƐ ŝŶ ƐĞůĞĐƟŶŐ ƚŚĞ ^ƚĂƚƵƚŽƌLJ ƵĚŝƚŽƌƐ ĂŶĚ ĞŶƐƵƌĞƐ ƚŚĞŝƌ ŝŶĚĞƉĞŶĚĞŶĐĞ͘ > 4 ŵĞĞƟŶŐƐ > 100% ĂƩĞŶĚĂŶĐĞ ƌĂƚĞ STRATEGY COMMITTEE ŽŶƐƚĂŶƚůLJ ŝŶ ƚŽƵĐŚ ǁŝƚŚ ƚŚĞ ^ƚƌĂƚĞŐLJ Θ / ŶƐŝŐŚƚƐ ĞƉĂƌƚŵĞŶƚ͕ ƚŚĞ ^ƚƌĂƚĞŐLJ ŽŵŵŝƩĞĞ ĚĞƚĞƌŵŝŶĞƐ ƚŚĞ ŵĂũŽƌ ƐƚƌĂƚĞŐŝĐ ŽƌŝĞŶƚĂƟŽŶƐ͘ / ƚ ƐƟŵƵůĂƚĞƐ ĂŶĚ ƉƌĞƉĂƌĞƐ ŽĂƌĚ ŵĞŵďĞƌƐ ŽŶ ŬĞLJ ŝƐƐƵĞƐ ƚŽ ŚĞůƉ ƚŚĞŵ ďĞ ƉĂƌƚŶĞƌƐ ŽŶ ƐƚƌĂƚĞŐŝĐ ŝƐƐƵĞƐ͘ / Ŷ ϮϬϮϭ͕ ŝƚƐ ǁŽƌŬ ĨŽĐƵƐĞĚ ŽŶ ƚŚĞ ďƵĚŐĞƚ͕ ĂĐƋƵŝƐŝƟŽŶ ƚĂƌŐĞƚƐ͕ ĂŶĚ ŝƐƐƵĞƐ ƌĞůĂƚĞĚ ƚŽ ƚŚĞ ĂŶŶƵĂů ƐƚƌĂƚĞŐŝĐ ĐLJĐůĞ͘ > 1 ŵĞĞƟŶŐ > 100% ĂƩĞŶĚĂŶĐĞ ƌĂƚĞ

APPOINTMENT AND REMUNERATION COMMITTEE / ƚ ŵĂŬĞƐ ƌĞĐŽŵŵĞŶĚĂƟŽŶƐ ŽŶ ƚŚĞ ĐŽŵƉŽƐŝƟŽŶ ŽĨ ƚŚĞ ŽĂƌĚ ĂŶĚ ŝƚƐ ƐƉĞĐŝĂůŝƐƚ ŽŵŵŝƩĞĞƐ͘ / ƚ ŵĂŶĂŐĞƐ ƚŚĞ ĐŽŵƉĞŶƐĂƟŽŶ ŽĨ ĐŽƌƉŽƌĂƚĞ ŽĸĐĞƌƐ ĂŶĚ ĞŶƐƵƌĞƐ ƚŚĂƚ ĐŽŵƉĞŶƐĂƟŽŶ ŝƐ ƚƌĂŶƐƉĂƌĞŶƚ͘ / ƚ ŵĂŬĞƐ ƐƵƌĞ ƚŚĂƚ ŐŽǀĞƌŶĂŶĐĞ ƌƵŶƐ ƐŵŽŽƚŚůLJ ĂŶĚ ƚŚĂƚ ŝƚƐ ĞdžƉĞƌƟƐĞ ŝƐ ǁĞůů ƐƵŝƚĞĚ ƚŽ ƚŚĞ ' ƌŽƵƉ͛Ɛ ĐŚĂůůĞŶŐĞƐ͘ / ŶĚĞĞĚ͕ ŝƚ ĂŶĂůLJnjĞƐ ƚŚĞ ĐŽŵƉĂŶLJ͛Ɛ ,Z ƉŽůŝĐŝĞƐ ƌĞŐĂƌĚŝŶŐ ĐŽŵƉĞŶƐĂƟŽŶ͕ ŽƌŐĂŶŝnjĂƟŽŶ͕ ĚŝǀĞƌƐŝƚLJ͕ ĂŶĚ ƚĂůĞŶƚ͘ > 3 ŵĞĞƟŶŐƐ > 100% ĂƩĞŶĚĂŶĐĞ ƌĂƚĞ ĐƌŽƐƐͲĨƵŶĐƟŽŶĂů ŽƵƚůŽŽŬ ŽŶ ^Z issues and guarantees the Group’s ĂŵďŝƟŽŶ ŝŶ ƚŚŝƐ ĂƌĞĂ͘ ƚ ŝƚƐ ĮƌƐƚ ŵĞĞƟŶŐ ŝŶ EŽǀĞŵďĞƌ ϮϬϮϭ͕ ƚŚĞ ŽŵŵŝƩĞĞ ƌĞǀŝĞǁĞĚ Ăůů ŽĨ ƚŚĞ ' ƌŽƵƉ͛Ɛ ^Z ŝŶŝƟĂƟǀĞƐ͗ ĐŽŵƉĞŶƐĂƟŽŶ͕ ƚĂůĞŶƚ ĂŶĚ ƐŬŝůůƐ ĚĞǀĞůŽƉŵĞŶƚ͕ ĞŶǀŝƌŽŶŵĞŶƚĂů ƐƚƌĂƚĞŐLJ͕ ĂŶĚ ůŽĐĂů ĨŽĐƵƐ͘ d ŚĞ ŶĞdžƚ ŵĞĞƟŶŐ ŝŶ ϮϬϮϮ ǁŝůů ďĞ ĨŽĐƵƐĞĚ ŽŶ ƌĞǀŝƐŝŶŐ ƚŚĞ ^Z ŝŶĚŝĐĂƚŽƌƐ ŽĨ ƚŚĞ ŶŽŶͲĮŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚ͘ > 1 ŵĞĞƟŶŐ > 100% ĂƩĞŶĚĂŶĐĞ ƌĂƚĞ SUSTAINABLE DEVELOPMENT COMMITTEE ƌĞĂƚĞĚ ŝŶ ϮϬϮϭ͕ ŝƚ ŚĂƐ Ă

JeanGuillaumeDespature Chairman of the Board of Directors

> MICHEL ROLLIER* Vice-Chairman

DIRECTORS

> D Z/ s Z >ͳ ^W dhZ > W h> >> Z Ύ > ^KW,/ ^KZD/ Z Ύ > &>KZ E EK >KdΎ > ZdZ E W ZD Ed/ ZΎ > Ed,KEz ^d ,> > Zd,hZ t d/Eͳ h'Kh Z ΎΎ

> GRÉGOIRE FERRÉ > s/E Ed > KE Z OBSERVERS

> 50% ǁŽŵĞŶ > ϲϮ͘ϱй ŝŶĚĞƉĞŶĚĞŶƚ ŝƌĞĐƚŽƌƐ

> 7 ŵĞĞƟŶŐƐ ŝŶ ŝƚƐ ĐƵƌƌĞŶƚ ĨŽƌŵ ŽĨ ŽĂƌĚ ŽĨ ŝƌĞĐƚŽƌƐ ǁŝƚŚ ĂŶ ĂƩĞŶĚĂŶĐĞ ƌĂƚĞ ŽĨ 98% > 2 ŵĞĞƟŶŐƐ ŝŶ ŝƚƐ ĨŽƌŵĞƌ ĨŽƌŵ ŽĨ ^ƵƉĞƌǀŝƐŽƌLJ ŽĂƌĚ ǁŝƚŚ ĂŶ ĂƩĞŶĚĂŶĐĞ ƌĂƚĞ ŽĨ 93%

Ύ / ŶĚĞƉĞŶĚĞŶƚ ŵĞŵďĞƌ ΎΎ DĞŵďĞƌ ƌĞƉƌĞƐĞŶƟŶŐ ĞŵƉůŽLJĞĞƐ ŽŶ ƚŚĞ ŽĂƌĚ ŽĨ ŝƌĞĐƚŽƌƐ

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

CAPITAL

> 6,131 employees (1) > Somfy present in 59 countries > Funds contributed to > ĞƐ WĞƟƚĞƐ WŝĞƌƌĞƐ с €265K > &ŽƵŶĚĂƟŽŶ ďƵĚŐĞƚ с €525K PEOPLE

A responsible growth model

> ĐŽĚĞƐŝŐŶͲĐĞƌƟĮĞĚ since 2015 (2) > ŶĞƌŐLJͲĞĸĐŝĞŶĐLJ ƐŽůƵƟŽŶƐ > Dedicated team PLANET

BY CREATING A BETTER LIVING ENVIRONMENT ACCESSIBLE TO ALL, SOMFY BRINGS t >>ͳ /E'͕ ^ hZ/dz͕ E E Z'z ^ s/E'^ dK /d^ h^dKD Z^͘ /d^ h^/E ^^ DK > Z d ^ ^, Z s >h &KZ >> 'ZKhW ^d < ,K> Z^͘

PROSPERITY

Industrial and commercial capital > €120M R&D expenses > Network of experts > 8 industrial sites Long-term development model > ĂƐŚ ŇŽǁ с €313M > W y с €54M > ^ƚĂďůĞ ƐŚĂƌĞŚŽůĚŝŶŐ = 71.9%

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

SUSTAINABLE GROWTHMODEL

VALUECREATED

VISION

PEOPLE

/ŶƐƉŝƌŝŶŐ Ă ďĞƩĞƌ ůŝǀŝŶŐ ĞŶǀŝƌŽŶŵĞŶƚ͕ ĂĐĐĞƐƐŝďůĞ ƚŽ Ăůů ǀĞƌLJŽŶĞ͕ ĂƌŽƵŶĚ ƚŚĞ ǁŽƌůĚ͕ ĂƐƉŝƌĞƐ ƚŽ Ă ƐĂĨĞ͕ ŚĞĂůƚŚLJ͕ and sustainable living environment for themselves as well as for their loved ones. d Ž ŵĞĞƚ ƚŚĞƐĞ ĞƐƐĞŶƟĂů ŶĞĞĚƐ ĨŽƌ ŝŵƉƌŽǀŝŶŐ ůŝǀŝŶŐ ĞŶǀŝƌŽŶŵĞŶƚƐ͕ ^ŽŵĨLJ ĐƌĞĂƚĞƐ ŝŶŶŽǀĂƟǀĞ ƐŽůƵƟŽŶƐ ĨŽƌ homes and buildings in three areas: > ĐŽŵĨŽƌƚ ĂŶĚ ǁĞůůͲďĞŝŶŐ ĨŽƌ Ăůů ĂŶĚ Ăƚ Ăůů ĂŐĞƐ͖

> Engagement = 7.6 (3) > 25,7% of women in management

> 66 ƐŽůŝĚĂƌŝƚLJ ŵŝƐƐŝŽŶƐ ĨŽƌ ƚŚĞ &ŽƵŶĚĂƟŽŶ > 65 > ĞƐ WĞƟƚĞƐ WŝĞƌƌĞƐ ƉƌŽũĞĐƚƐ ĨƵŶĚĞĚ

> 61.5% ŽĨ Đƚ ĨŽƌ ' ƌĞĞŶ ƉƌŽĚƵĐƚƐ (2) > 210 kT CO 2 e avoided (4) > 40% ĞůĞĐƚƌŝĐŝƚLJ ĨƌŽŵ ƌĞŶĞǁĂďůĞ ƐŽƵƌĐĞƐ PLANET

> ƐĂĨĞƚLJ ŽĨ ƉĞŽƉůĞ ĂŶĚ ƉƌŽƉĞƌƚLJ͖ > ƉƌĞƐĞƌǀĂƟŽŶ ŽĨ ƚŚĞ ĞŶǀŝƌŽŶŵĞŶƚ͘

Ğ ƚŚĞ ƉƌĞĨĞƌƌĞĚ ƉĂƌƚŶĞƌ ĨŽƌ ǁŝŶĚŽǁ ĂŶĚ ĚŽŽƌ ĂƵƚŽŵĂƟŽŶ ĨŽƌ ŚŽŵĞƐ ĂŶĚ ďƵŝůĚŝŶŐƐ͘ AMBITION

PROSPERITY

> 40 ƉĂƚĞŶƚ ĂƉƉůŝĐĂƟŽŶƐ > 46 ŶĞǁ ƉƌŽĚƵĐƚƐ ĂŶĚ ƐĞƌǀŝĐĞƐ > ƵƐƚŽŵĞƌ EĞƚ WƌŽŵŽƚĞƌ ^ĐŽƌĞ (5) = 45.4 > 44% ůŽĐĂů ƉƵƌĐŚĂƐĞƐ ;фϱϬϬ ŬŵͿ

&ŽƵƌ ƐƚƌĂƚĞŐŝĐ ƉŝůůĂƌƐ ƐĞƌǀŝŶŐ ŽƵƌ ϮϬϯϬ ĂŵďŝƟŽŶ͗

> Sales = €1,478M > ROCE = 31.4%

Inspiring & Engaging

Forward looking in Smart Living

Raising value for customers

Delivering performance

ZĞƐĞĂƌĐŚ Θ ĞǀĞůŽƉŵĞŶƚ ͬͬ DĂƌŬĞƟŶŐ ͬͬ WƌĞƐĐƌŝƉƟŽŶ ͬͬ ƐƐĞŵďůLJ ͬͬ ŝƐƚƌŝďƵƟŽŶ ͬͬ ^ĂůĞƐ KEY ACTIVITIES

;ϭͿ džĐůƵĚŝŶŐ ƚĞŵƉŽƌĂƌLJ ǁŽƌŬĞƌƐ͘ ;ϮͿ Ɛ ƉĞƌ ůŝĨĞ ĐLJĐůĞ ĂŶĂůLJƐĞƐ ĐĞƌƟĮĞĚ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ W W ĞĐŽƉĂƐƐƉŽƌƚΠ ƐƚĂŶĚĂƌĚ͘ ;ϯͿ ͞ / ŶƚƌŝŶƐŝĐ ĞŶŐĂŐĞŵĞŶƚ ƌĂƚĞ͟ ƵƉ Ϭ͘ϱ ƉŽŝŶƚƐ͘ ;ϰͿ sŽůƵŵĞ ŽĨ ĞŵŝƐƐŝŽŶƐ ĂǀŽŝĚĞĚ ďLJ ĐƵƐƚŽŵĞƌƐ ƵƐŝŶŐ ĂƵƚŽŵĂƚĞĚ ƌŽůůĞƌ ƐŚƵƩĞƌ ƐŽůƵƟŽŶƐ ŝŶ &ƌĂŶĐĞ ĂŶĚ ' ĞƌŵĂŶLJ ;ŵĞƚŚŽĚŽůŽŐLJ ǀĂůŝĚĂƚĞĚ ďLJ ĂƌďŽŶĞ ϰͿ͘ ;ϱͿ ƵƐƚŽŵĞƌ EĞƚ WƌŽŵŽƚĞƌ ^ĐŽƌĞ ;ĐƵƐƚŽŵĞƌ ƐĂƟƐĨĂĐƟŽŶ ŝŶĚŝĐĂƚŽƌͿ с й ƉƌŽŵŽƚĞƌƐ Ͳ й ĚĞƚƌĂĐƚŽƌƐ͘

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

Somfy and its environment

UNCERTAINTY BECOMES THE NORM. WHY? CLIMATE CHANGE, INCREASING SOCIAL INEQUALITIES AND GEOPOLITICAL TENSIONS, AND THE INCREASING SCARCITY OF RESOURCES AND RISING RAW MATERIALS PRICES. LIKE THE ELECTRONIC COMPONENTS CRISIS, WHICH HAS HAD A SIGNIFICANT IMPACT ON MANUFACTURERS, INCLUDING SOMFY.

͸ Climate hŶƋƵĞƐƟŽŶĂďůLJ͕ ƚŚĞ ĐŽŶƐĞƋƵĞŶĐĞƐ ŽĨ ĐůŝŵĂƚĞ ĐŚĂŶŐĞ ĂƌĞ ŵŽƌĞ ƚĂŶŐŝďůĞ͕ ƌĞĐƵƌƌĞŶƚ͕ ĂŶĚ ŝƌƌĞǀĞƌƐ ŝďůĞ͘ &ĂĐĞĚ ǁŝƚŚ ƚŚĞ ĐůŝŵĂƚĞ ĞŵĞƌŐĞŶĐLJ͕ ^ŽŵĨLJ ŚĂƐ ĐŚŽƐĞŶ ƚŽ ŝŶŶŽǀĂƚĞ ǁŝƚŚ ŝƚƐ ƐŽůƵƟŽŶƐ ĨŽƌ ƉƌŽƚĞĐƟŶŐ ƚŚĞ ŚŽŵĞ ŝŶ ƐƵŵŵĞƌ ĂŶĚ ĚLJŶĂŵŝĐ ƐŽůĂƌ ŵĂŶĂŐĞŵĞŶƚ ŝŶ ǁŝŶƚĞƌ͘ dŚĞ 'ƌŽƵƉ ŵĂŶƵĨĂĐƚƵƌĞƐ Đƚ ĨŽƌ 'ƌĞĞŶ ĞĐŽͲĚĞƐŝŐŶĞĚ ƉƌŽĚƵĐƚƐ͕ ŝŶŝƟĂƚĞƐ Ă ƌĞƐƉŽŶƐŝďůĞ ƉƵƌ ĐŚĂƐŝŶŐ ĂƉƉƌŽĂĐŚ ƚŽ ďƵLJ ŵŽƌĞ ůŽĐĂůůLJ͕ ĂŶĚ ŝŶŶŽǀĂƚĞƐ ƉĂĐŬĂŐŝŶŐ͘ /ƚ ŝŶǀĞƐƚƐ ĐŽŶƟŶƵŽƵƐůLJ ŝŶ ƐŽůƵƟŽŶƐ ƚŽ ƌĞĚƵĐĞ ƚŚĞ ŝŵƉĂĐƚ ŽĨ ŝƚƐ ŽƉĞƌĂƟŽŶƐ ĂŶĚ ĚĞǀĞůŽƉƐ ŵŽƌĞ ĞŶĞƌŐLJͲĞĸĐŝĞŶƚ ƉƌŽĚƵĐƚƐ ƚŚĂƚ ĂĐƟǀĞůLJ ĐŽŶƚƌŝď ƵƚĞ ƚŽ ďƵŝůĚŝŶŐ ĞŶĞƌŐLJ ƉĞƌĨŽƌŵĂŶĐĞ͘͘ ƐŚŽƌƚĂŐĞƐ ĂŶĚ ƚŚĞ ĚŝĸĐƵůƚLJ ŽĨ ƌĞĐƌƵŝƟŶŐ ƚĂůĞŶƚ͘ /Ŷ ƚŚŝƐ ĐŽŶƚĞdžƚ͕ ƌĞƐƉŽŶƐŝďůĞ ĂŶĚ ĂƩĞŶƟǀĞ ĐŽŵƉĂŶŝĞƐ ŚĂǀĞ Ă ŚĞĂĚ ƐƚĂƌƚ ŝŶ ĂƩƌĂĐƟŶŐ ĂŶĚ ƌĞƚĂŝŶŝŶŐ LJŽƵŶŐ ƚĂůĞŶƚ ƐĞĂƌĐŚŝŶŐ ĨŽƌ ŵĞĂŶŝŶŐ ĂŶĚ ůŝĨĞ ďĂůĂŶĐĞ͘ ^ŽŵĨLJ ƐƚƌŝǀĞƐ ƚŽ ƉƌŽǀŝĚĞ ĂŶ ĂƩƌĂĐƟǀĞ ůŝǀŝŶŐ ĞŶǀŝƌŽŶŵĞŶƚ ĂŶĚ ŵĂŝŶƚĂŝŶƐ Ă ĐŽƌƉŽƌĂƚĞ ĐƵůƚƵƌĞ ƚŚĂƚ ŽīĞƌƐ ŝƚƐ Ğŵ ƉůŽLJĞĞƐ ĂŶ ĞŶƌŝĐŚŝŶŐ ĂŶĚ ŝŶƐƉŝƌŝŶŐ ĞdžƉĞƌŝĞŶĐĞ͘ dŚŝƐ ĐŽŵŵŝƚŵĞŶƚ ŝƐ ĂůƐŽ ƐŽĐŝĞƚĂů ƚŚƌŽƵŐŚ ƚŚĞ ĂƐƐŽĐŝĂƟǀĞ ƉƌŽũĞĐƚƐ ƐƵƉƉŽƌƚĞĚ ďLJ ^ŽŵĨLJ &ŽƵŶĚĂƟŽŶ͘ Ɛ ŽƵƌ ĞŶǀŝƌŽŶŵĞŶƚ ŝƐ ŝŶĐƌĞĂƐŝŶŐůLJ ĐŽŵƉůĞdž͕ ^ŽŵĨLJ ĨĂǀŽƌƐ ƐŝŵƉůŝĐŝƚLJ ŝŶ ŝƚƐ ŽƉĞƌĂƟŽŶĂů ŵĞƚŚŽĚƐ ĂŶĚ ĞŵƉŽǁĞƌ ŵĞŶƚ ŝŶ ŝƚƐ ĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐ ƉƌŽĐĞƐƐĞƐ͘ Ɛ Ă ĐŽŵƉĂŶLJ ƚŚĂƚ ĨŽƐƚĞƌƐ ůĞĂƌŶŝŶŐ͕ ^ŽŵĨLJ ŝƐ ĂƩĞŶƟǀĞ ƚŽ ĞĂĐŚ ĞŵƉůŽLJĞĞ͛Ɛ ĞŵƉůŽLJĂďŝůŝƚLJ ďLJ ĐƌĞĂƟŶŐ ĚĞǀĞůŽƉŵĞŶƚ ƉƌŽŐƌĂŵƐ ǁŝƚŚŝŶ ƚŚĞŝƌ ĐŽƌƉŽƌĂƚĞ ƵŶŝǀĞƌƐŝƚLJ͗ ^ŽŵĨLJ ĂŵƉƵƐ͘ People and talents dŽĚĂLJ͕ ŐƌŽǁƚŚ ŝƐ ŽŌĞŶ ƐůŽǁĞĚ ĚŽǁŶ ďLJ ůĂďŽƌ

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

Customers and consumer trends

As a result of the health crisis, the home has ďĞĐŽŵĞ Ă ƌĞĨƵŐĞ͘ /Ŷ ϮϬϮϭ͕ ƚŚĞ ƚƌĞŶĚ ǁĂƐ ĐŽŶĮƌŵĞĚ͕ and homes are the preferred place of investment. Today, homes are more comfortable, more ener ŐLJͲĞĸĐŝĞŶƚ͕ ĂŶĚ ŵŽƌĞ ŝŶƚĞůůŝŐĞŶƚ͘ ƵƐƚŽŵĞƌƐ ĂƌĞ looking for products that are easy to install and use ĂŶĚ ƚŚĂƚ ĂƌĞ ĚƵƌĂďůĞ ĂŶĚ ĐŽŵŵƵŶŝĐĂƟŶŐ͘ ^ŽŵĨLJ ŚĂƐ Ă ƐŽůŝĚ ƉŽƐŝƟŽŶ ƚŽ ƌĞƐƉŽŶĚ ƚŽ ƚŚŽƐĞ ƚƌĞŶĚƐ ĂŶĚ is also present throughout the value chain, from in ƐƚĂůůĂƟŽŶ ƚŽ ƌĞƉĂŝƌ͘ džĐĞůůĞŶĐĞ ŝŶ ĐƵƐƚŽŵĞƌ ƌĞůĂƟŽŶƐ begins with installers as they are the brand’s ambas ƐĂĚŽƌƐ͕ ǁŝƚŚ ŵŽƌĞ ƚŚĂŶ ϯ͕ϬϬϬ ďĞůŽŶŐŝŶŐ ƚŽ ƚŚĞ ^ŽŵĨLJ džƉĞƌƚƐ ŶĞƚǁŽƌŬ ŝŶ ƵƌŽƉĞ͘

CSR challenges and risks

/ Ŷ ϮϬϮϭ͕ ^ŽŵĨLJ ĐĂƌƌŝĞĚ ŽƵƚ a complete overhaul of its ƌŝƐŬ ĐĂƚĂůŽŐ͕ ǁŚŝĐŚ ǁŝůů ĞŶĂďůĞ Ă ŵŽƌĞ ŽƉĞƌĂƟŽŶĂů ĂŶĂůLJƐŝƐ ŽĨ ƚŚĞ ƌŝƐŬƐ ƚŚĞ Group faces over all of the company’s major ƉƌŽĐĞƐƐĞƐ͘ / Ŷ ĂĚĚŝƟŽŶ ƚŽ ƵƉĚĂƟŶŐ ƚŚĞ ' ƌŽƵƉ͛Ɛ ŐůŽďĂů ƌŝƐŬƐ͕ Ă ƌĞǀŝĞǁ focused on our response to ƚŚĞ ' ƌŽƵƉ͛Ɛ ŝŶƚĞƌŶĂů ^Z challenges and those ŝĚĞŶƟĮĞĚ ďLJ ^ŽŵĨLJ͛Ɛ ƐƚĂŬĞŚŽůĚĞƌƐ ǁĂƐ ĐĂƌƌŝĞĚ out. These issues are ŐƌŽƵƉĞĚ ŝŶƚŽ ^ŽŵĨLJ͛Ɛ ƚŚƌĞĞ pillars within their ^ƵƐƚĂŝŶĂďůĞ ĞǀĞůŽƉŵĞŶƚ ƉŽůŝĐLJ͗ WůĂŶĞƚ͕ WĞŽƉůĞ͕ Prosperity. The materiality assessment used for this ĮŶĂŶĐŝĂů LJĞĂƌ ǁŝůů ďĞ reviewed in 2022. For more ŝŶĨŽƌŵĂƟŽŶ͕ ƐĞĞ ƚŚĞ EŽŶͲĮŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚ chapter of the Annual Financial Report.

Coping with component shortages

They are everywhere in our everyday objects and are complex and expensive to manufacture. 80% of components are manufactured in Asia. The Covid-19 crisis may ŚĂǀĞ ĨĂŶŶĞĚ ƚŚĞ ŇĂŵĞƐ͕ but the shortage is mainly structural. It is the result ŽĨ ŝŶĐƌĞĂƐĞĚ ƉƌŽĚƵĐƟŽŶ electric car. Faced with this ƐŝƚƵĂƟŽŶ͕ ^ŽŵĨLJ ŝƐ ǁŽƌŬŝŶŐ hard to secure its supplies. The Group has also mobilized its R&D to design motors that incorporate ŶĞǁ ŐĞŶĞƌĂƟŽŶ components. of component-hungry ƉƌŽĚƵĐƚƐ͕ ƐƵĐŚ ĂƐ ƚŚĞ

Digital revolution dŚĞ ƌĞƐƚƌŝĐƟŽŶƐ ůŝŶŬĞĚ ƚŽ ƚŚĞ ŚĞĂůƚŚ ĐƌŝƐŝƐ ŚĂǀĞ boosted e-commerce growth. As for the connected ŚŽŵĞ͕ ƚŚĞ ĂƌƌŝǀĂů ŽĨ ĂĚĚŝƟŽŶĂů ŚŽŵĞ ĂƵƚŽŵĂƟŽŶ ƐŽůƵƟŽŶƐ ŚĂƐ ŐŝǀĞŶ ƚŚĞ ŵĂƌŬĞƚ Ă ƐƵďƐƚĂŶƟĂů Ɛƚ͘ This market is characterized by the growing number of players of varied sizes, the appearance of new entrants, and the growing presence of GAFA. It is also a more mature market, with the development of ŽƉĞŶ ƉƌŽƚŽĐŽůƐͶƐƵĐŚ ĂƐ ƚŚĞ ŶĞǁ DĂƩĞƌ ĐŽŶŶĞĐƟǀŝ ƚLJ ƐƚĂŶĚĂƌĚ ŝŶ ǁŚŝĐŚ ^ŽŵĨLJ ŝƐ ƉĂƌƟĐŝƉĂƟŶŐͶŽƉĞŶŝŶŐ the way to interoperable products that are secure in terms of cybersecurity. Digital technology also ŵĞĂŶƐ ƵƐŝŶŐ ƉƌŽĚƵĐƚ ĚĂƚĂ ƚŽ ŐĞŶĞƌĂůŝnjĞ ƉƌĞĚŝĐƟǀĞ maintenance. ͸

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

ĂŵďŝƟŽ Ŷ ĂŵďŝƟŽŶ ƚŚĂƚ ŐƵĂƌĂŶƚĞĞƐ ƚƌƵƐƚ ĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞ ͹ dŚĞ ƉƵƌƉŽƐĞ ŽĨ ŵďŝƟŽŶ ϮϬϯϬ ŝƐ ƚŽ ƌĞŝŶĨŽƌĐĞ ƚŚĞ 'ƌŽƵƉ͛Ɛ ĐƵƌƌĞŶƚ ƉĞƌĨŽƌŵĂŶĐĞ ĂŶĚ ƉƌĞƉĂƌĞ ĨŽƌ ƚŚĞ ĨƵƚƵƌĞ͘ This global vision focusing on trust and performance reviews the fundamentals of the pioneering Group that ĐƌĞĂƚĞĚ ƚŚĞ ĮƌƐƚ ŵŽƚŽƌ ĨŽƌ ďůŝŶĚƐ ĂŶĚ ƚŚĞ ĮƌƐƚ ŚŽŵĞ ĂƵƚŽŵĂƟŽŶ ďŽdž ǁŝƚŚ ƚŚĞ ŝŶƚƌŽĚƵĐƟŽŶ ŽĨ ƌĂĚŝŽ ƚĞĐŚŶŽůŽŐLJ͘ dŚĞ ǀŝƐŝŽŶ ŝƐ ďĂƐĞĚ ŽŶ ϰ ůĞǀĞƌƐ͗ ŝŶŶŽǀĂƟŽŶ ƚŽ ŝŶǀĞŶƚ ^ŵĂƌƚ >ŝǀŝŶŐ͕ ĐƵƐƚŽŵĞƌ ĐĞŶƚƌŝĐŝƚLJ ƚŚƌŽƵŐŚ ƵƐĂŐĞƐ͕ ƉĞƌĨŽƌŵĂŶĐĞ͕ ĂŶĚ ƚĞĂŵ ĞŶŐĂŐĞŵĞŶƚ͘ tŝƚŚ ŵďŝƟŽŶ ϮϬϯϬ͕ ^ŽŵĨLJ ŝƐ ƌĞĨŽĐƵƐŝŶŐ ŝƚƐ ƐƚƌĂƚĞŐLJ͘ The Group is

ƌĞĨŽĐƵƐŝŶŐ ŽŶ ŝƚƐ ĐŽƌĞ ďƵƐŝŶĞƐƐ͕ ĐŽŶŶĞĐƚĞĚ ƐŽůƵƟŽŶƐ ĨŽƌ ǁŝŶĚŽǁ ĂŶĚ ĚŽŽƌ ĂƵƚŽ ŵĂƟŽŶ͘ /ƚ ĂŝŵƐ ƚŽ ĚĞǀĞůŽƉ ŝƚƐ ǀĂůƵĞ ƉƌŽƉŽƐŝƟŽŶ ĨŽƌ Ăůů ƵƐĂŐĞƐ ĂŶĚ ƐƚĂŬĞŚŽůĚĞƌƐ͕ ĨƌŽŵ ŵĂŶƵĨĂĐƚƵƌĞƌƐ ĂŶĚ ŝŶƐƚĂůůĞƌƐ ƚŽ ĞŶĚͲƵƐĞƌƐ͘ dŽĚĂLJ͕ ƚǁŽ ĨƵŶĚĂŵĞŶƚĂů ƚƌĞŶĚƐ ĂƌĞ ĨŽƌĐŝŶŐ ^ŽŵĨLJ ƚŽ ƌĞŝŶǀĞŶƚ ǁŚŽ ƚŚĞLJ ĂƌĞ͘ dŚĞ ĮƌƐƚ ŝƐ ƌĞĚƵĐŝŶŐ ƚŚĞ ĐĂƌďŽŶ ĨŽŽƚƉƌŝŶƚ ŽĨ ďƵŝůĚŝŶŐƐ ƌĞŇĞĐƚĞĚ ŝŶ ƌĞŐƵůĂƟŽŶƐ ĂŶĚ ĐŚĂŶŐĞƐ ŝŶ ƉƵďůŝĐ ŽƉŝŶŝŽŶ͘ dŚĞ ƐĞĐŽŶĚ ŝƐ ĚŝŐŝƚĂůŝnjŝŶŐ ƵƐĂŐĞƐ͕ ŽƉĞŶŝŶŐ ƵƉ Ă ŶĞǁ ĞƌĂ ŝŶ ĐƵƐƚŽŵĞƌ ƌĞůĂƟŽŶƐ͘ dŽ ŵĂŬĞ ƚŚŝƐ ϭϬͲLJĞĂƌ ǀŝƐŝŽŶ Ă ƌĞĂůŝƚLJ͕ ^ŽŵĨLJ ŝƐ ƵŶĚĞƌŐŽŝŶŐ Ă ƉƌŽĨŽƵŶĚ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ŝŶ ŝƚƐ ŽƉĞƌĂƟŽŶƐ͕ ŽƌŐĂŶŝnjĂƟŽŶ͕ ŽƉĞƌĂƟŽŶĂů ŵĞƚŚŽĚƐ͕ ĂŶĚ ĐƵůƚƵƌĞ͘ dŚĞ 'ƌŽƵƉ ŚĂƐ ĂĚŽƉƚĞĚ Ă ŶĞǁ ĨƵŶĐƟŽŶƐͲďĂƐĞĚ ŽƌŐĂŶŝnjĂƟŽŶ ƚŚĂƚ ĨŽĐƵƐĞƐ ŽŶ ƚŚĞ ĐƵƐƚŽŵĞƌ ĂŶĚ ĚŝŐŝƚĂů ƚĞĐŚŶŽůŽŐLJ͘ /ƚ ĂůƐŽ ůĂƵŶĐŚĞĚ Ă ϯͲLJĞĂƌ ĂĐƟŽŶƐ ƉůĂŶ ďƵŝůƚ ĂƌŽƵŶĚ ϱ ƉƌŽũĞĐƚƐ͗ ƌŽďƵƐƚ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ ƐĂůĞƐ ƚĞĂŵ ƉĞƌĨŽƌŵĂŶĐĞ͕ ĞĸĐŝĞŶĐLJ ŝŶ ZΘ ĂŶĚ Ă ĚLJŶĂŵŝĐ ƉƌŽĚƵĐƚ ƌĂŶŐĞ͕ ƚĞĂŵ ĞŶŐĂŐĞŵĞŶƚ͕ ĂŶĚ ĮŶĂŶĐŝĂů ĂŶĚ ĞĐŽŶŽŵŝĐ ƉĞƌĨŽƌŵĂŶĐĞ͘ dŚĞ ĐƵƐƚŽŵĞƌ ŝƐ Ăƚ ƚŚĞ ŚĞĂƌƚ ŽĨ ƚŚĞƐĞ ƚƌĂŶƐĨŽƌŵĂƟŽŶ ƉƌŽũĞĐƚƐ ƚŽ ŵĂŬĞ ^ŽŵĨLJ ƚŚĞ ƉƌĞĨĞƌƌĞĚ ƉĂƌƚŶĞƌ ĨŽƌ ǁŝŶĚŽǁ ĂŶĚ ĚŽŽƌ ĂƵƚŽŵĂƟŽŶ ĨŽƌ ŚŽŵĞƐ ĂŶĚ ďƵŝůĚŝŶŐƐ͘ tŚŝůĞ ŝƚ ŝƐ ĞƐƐĞŶƟĂů ƚŽ ƉƌŽǀŝĚĞ ĐƵƐƚŽŵĞƌƐ ǁŝƚŚ ƵƐĞĨƵů͕ ĞĸĐŝĞŶƚ͕ ĂŶĚ ƌĞůŝĂďůĞ ƉƌŽĚƵĐƚƐ͕ ŝƚ ŝƐ ĞƋƵĂůůLJ ĞƐƐĞŶƟĂů ƚŽ ƐŝŵƉůŝĨLJ ƚŚĞŝƌ ůŝǀĞƐ ďLJ ŝŶƚĞŐƌĂƟŶŐ ^ŽŵĨLJ͛Ɛ ŽīĞƌƐ ŝŶƚŽ ŝƚƐ ĞĐŽƐLJƐƚĞŵ ŽĨ ĐŽŶŶĞĐƚĞĚ ŽďũĞĐƚƐ ĂŶĚ ĚĞǀŝƐŝŶŐ ƐĞƌǀŝĐĞƐ ǁŝƚŚ ŚŝŐŚͲĂĚĚĞĚ ǀĂůƵĞ͘ 'ƵĂƌĂŶƚĞĞŝŶŐ ƚŚŝƐ ƵŶŝƋƵĞ ĐƵƐƚŽŵĞƌ ĞdžƉĞƌŝĞŶĐĞ ŝƐ ƚŚĞ ƉƌŽŵŝƐĞ ŵĂĚĞ ďLJ ŵďŝƟŽŶ ϮϬϯϬ͕ ǁŚŝĐŚ ŝƐ ĂůƐŽ Ă ĐƵůƚƵƌĂů ƚƌĂŶƐĨŽƌŵĂƟŽŶ͘ ͹

14

SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

CUSTOMER CENTRICITY AND SALES TEAM PERFORMANCE

ŽŶ DIGITALIZING AND DEVELOPING A ROBUST INFRASTRUCTURE ƌŽďƵƐƚ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ ŝƐ ŶĞĐĞƐƐĂƌLJ ƚŽ ĞŶƐƵƌĞ ^ŽŵĨLJ͛Ɛ ŝŶĚƵƐƚƌŝĂů͕ ůŽŐŝƐƟĐƐ͕ ĂŶĚ ĚŝŐŝƚĂů ƉĞƌĨŽƌŵĂŶĐĞ͘ d ŚŝƐ͕ ŝŶ ƚƵƌŶ͕ ǁŝůů ĚĞůŝǀĞƌ ĞdžĐĞůůĞŶƚ ƐĞƌǀŝĐĞ͘ d ŽĚĂLJ͕ ƚŚĞ ' ƌŽƵƉ ŝŵƉůĞŵĞŶƚƐ Ă ŶĞǁ ĚŝŐŝƚĂů ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ ďĂƐĞĚ ŽŶ Ă ƐŚĂƌĞĚ ŽƉĞƌĂƟŽŶĂů ŵŽĚĞů ƐƵƉƉŽƌƚĞĚ ďLJ ƚŚĞ

The crisis has demonstrated that customer ĐĞŶƚƌŝĐŝƚLJ ƐƚĂƌƚƐ ǁŝƚŚ ƌĞŝŶĨŽƌĐĞĚ ŽƉĞƌĂƟŽŶĂů ĨƵŶĚĂŵĞŶƚĂůƐ ĂŶĚ ƚŚĞ ĂďŝůŝƚLJ ƚŽ ŝŶŶŽǀĂƚĞ ĂŶĚ ĂŶƟĐŝƉĂƚĞ ŵĂƌŬĞƚ ŶĞĞĚƐ͘ d ŚĞ ŬĞLJǁŽƌĚ ĨŽƌ ^ŽŵĨLJ͛Ɛ ĐƵƐƚŽŵĞƌͲĐĞŶƚƌŝĐŝƚLJ ŝƐ ĚŝŐŝƚĂůŝnjĂƟŽŶ͕ ĂŶĚ ƚŚĞ ŶĞǁ ZW ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ ƐƵƉƉŽƌƚƐ ŝƚ͘ d ŚĞ ŬĞLJ ďĞŶĞĮƚƐ ĂƌĞ ĞĸĐŝĞŶƚ ĂŶĚ ůĞĂŶ ƉƌŽĐĞƐƐĞƐ͕ ŵŽƌĞ ĂĐĐĞƐƐŝďůĞ ĂĐĐĞƐƐ ƚŽ ŝŶĨŽƌŵĂƟŽŶ͕ ĂŶĚ ŶĞǁ ĐƵƐƚŽŵĞƌ ƐĞƌǀŝĐĞƐ͘ DŽƌĞ ƚŚĂŶ ĞǀĞƌ͕ ĞŵƉůŽLJĞĞ ĞŶŐĂŐĞŵĞŶƚ͕ ƚƌĂŶƐƉĂƌĞŶĐLJ͕ ĂŶĚ ĂŐŝůŝƚLJ ŝŶ ĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐ ĂƌĞ ĐƌƵĐŝĂů ǁŚĞŶ ĨĂĐĞĚ ǁŝƚŚ ĂŶ ĞdžƚƌĂŽƌĚŝŶĂƌLJ ƐŝƚƵĂƟŽŶ͘ hŶĚĞƌ ƚŚĞƐĞ ĐŝƌĐƵŵƐƚĂŶĐĞƐ͕ ƌĞĂĐŚŝŶŐ ϭϱ͘ϳй ŐƌŽǁƚŚ ŝŶ ƐĂůĞƐ ŝŶ ϮϬϮϭ ŝŶ ƐƉŝƚĞ ŽĨ ĚŝĸĐƵůƟĞƐ ĞŶĐŽƵŶƚĞƌĞĚ ƚŽ ĚĞůŝǀĞƌ ŽƵƌ ĐƵƐƚŽŵĞƌƐ ŽŶ ƟŵĞ ŝƐ ƚƌƵůLJ ƌĞŵĂƌŬĂďůĞ͘

OPTIMIZING R&D EFFICIENCY

tŝƚŚ ϭϳ ZΘ ĐĞŶƚĞƌƐ ĂŶĚ ŵŽƌĞ ƚŚĂŶ ϲϬϬ ĞŶŐŝŶĞĞƌƐ͕ ^ŽŵĨLJ ŝƐ ƉƵƌƐƵŝŶŐ ŝƚƐ ƐƚƌĂƚĞŐLJ ŽĨ ŐůŽďĂůŝnjŝŶŐ ŝƚƐ ZΘ ŝŶ ŽƌĚĞƌ ƚŽ ŝŵƉƌŽǀĞ ƚŚĞ ĞĸĐŝĞŶĐLJ ĂŶĚ ƐƉĞĞĚ ŽĨ ŶĞǁ ƉƌŽĚƵĐƚ ĚĞǀĞůŽƉŵĞŶƚ͘ / Ŷ ϮϬϮϭ͕ ƚŚĞ ' ƌŽƵƉ ĮůĞĚ ϰϬ ƉĂƚĞŶƚ ĂƉƉůŝĐĂƟŽŶƐ ĂŶĚ ĐŽŵŵĞƌĐŝĂůŝnjĞĚ ϰϲ ŶĞǁ ƉƌŽĚƵĐƚƐ ĂŶĚ ƐĞƌǀŝĐĞƐ͘ d ŚŝƐ ŝƐ ƚŚĞ ĐĂƐĞ ǁŝƚŚ ƚŚĞ d Ă,ŽŵĂ ƐƵŝƚĞ͕ ǁŚŝĐŚ ŝŵƉƌŽǀĞƐ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞ ĂŶĚ ďƵƐŝŶĞƐƐ ŽĨ ŝŶƐƚĂůůĞƌƐ ǁŝƚŚ ĂŶ ŽīĞƌ ƚŚĂƚ ŝƐ ĞĂƐŝĞƌ ƚŽ ƐĞůů͕ ŝŶƐƚĂůů͕ ĂŶĚ ŵĂŝŶƚĂŝŶ͘ d ŚĞ ^ŽŵĨLJ Ăŝƌ ƉƌŽŐƌĂŵ͕ ĨŽƌ ƐŝŵƉůĞ ĂŶĚ ƐĂĨĞ ĚĂŝůLJ ǀĞŶƟůĂƟŽŶ͕ ŝƐ ĂůƐŽ ĐŽŶƟŶƵŝŶŐ ŝƚƐ ĚĞǀĞůŽƉŵĞŶƚ ŝŶ &ƌĂŶĐĞ ǁŝƚŚ ƚŚĞ / ŶƚĞůůŝ d ' Ăŝƌ ŝŽ ŽƉĞŶŝŶŐ ƐĞŶƐŽƌ͘ d ŚĂŶŬƐ ƚŽ ƚŚŝƐ ŽīĞƌ ĂŶĚ d Ă,ŽŵĂ͕ ǁŝŶĚŽǁƐ ĂƌĞ ĐŽŶŶĞĐƚĞĚ ĂƐ ƐŽŽŶ ĂƐ ƚŚĞLJ ĂƌĞ ŵĂŶƵĨĂĐƚƵƌĞĚ͘ hƐĞƌƐ ĐĂŶ ĐŚĞĐŬ ǁŚĞƚŚĞƌ ƚŚĞŝƌ ǁŝŶĚŽǁƐ ĂƌĞ ŽƉĞŶ Žƌ ĐůŽƐĞĚ ĨƌŽŵ ƚŚĞŝƌ ƐŵĂƌƚƉŚŽŶĞ͕ ĂŶĚ ƚŚĞLJ ĐĂŶ ƌĞĐĞŝǀĞ ĂŶ ĂůĂƌŵ ŝĨ ƚŚĞƌĞ ŝƐ ĂŶ ĂƩĞŵƉƚĞĚ ŝŶƚƌƵƐŝŽŶ͘

ƐĂŵĞ ZW ƐŽůƵƟŽŶ͘ d ŚŝƐ ZW ǁĂƐ ƐƵĐĐĞƐƐĨƵůůLJ ƚĞƐƚĞĚ ŝŶ / ƚĂůLJ ŝŶ ϮϬϮϭ ĂŶĚ ŝƐ ƚŚĞ ĨŽƵŶĚĂƟŽŶ ŽĨ ^ŽŵĨLJ͛Ɛ ĚŝŐŝƚĂůŝnjĂƟŽŶ͘ ƌŽďƵƐƚ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ ĂůƐŽ ƌĞƋƵŝƌĞƐ Ă ƌĞƐŝůŝĞŶƚ ĂŶĚ ĞĸĐŝĞŶƚ ŵƵůƟͲďƌĂŶĚ ůŽŐŝƐƟĐƐ ŶĞƚǁŽƌŬ ƚŽ ƐƵƉƉŽƌƚ ďƵƐŝŶĞƐƐ ŐƌŽǁƚŚ͘ ^ŽŵĨLJ ĂůƐŽ ǁĂŶƚƐ ƚŽ ŝŵƉƌŽǀĞ ŽƉĞƌĂƟŽŶĂů ƉĞƌĨŽƌŵĂŶĐĞ ĂŶĚ ĞĸĐŝĞŶĐLJ ďLJ ƐƚĂŶĚĂƌĚŝnjŝŶŐ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐĞƐ ĂŶĚ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ůŝŶĞƐ͘

<ĞLJ ĮŐƵƌĞƐ

— + 15.7% Growth in sales for 2021 (on a like-for-like basis)

— + 10M + 38.4% connected devices

15

SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

INVESTOR RELATIONS

[ S

S 30'? ) 9 3 8# 3' *8$!:389 1# *9 /*9:$# 31 ;831$>: 8*9 *1 !306 8:0$1: U 3#$ ccdfdllldiVL S 1 ec ;1$ ecdkI 30'? 9*(1$# /*7;*#*:? !31:8 !: =*:) L QOQQ S QT , 3 07 $/$ 9$ 3' eced ;//Q $ 8 ;813<$8 X 0 & $/$ 9$ 3' eced ;//Q $ 8 8$9;/:9

J.P.J.S. J.P.J.2

21.14%

Manacor Dev Pte Ltd Compagnie Financière Industrielle Despature family and others Treasury shares Public

52.65%

6.92%

4.23%

4.47%

9.21%

1.38%

*1 1!* / 1'380 :*31 $$:*1( Q 8$9$1: :*31 3' eced ;//Q $ 8 $9;/:9 $/$ 9$ 3' eced 11; / *1 1!* / $638: $/$ 9$ 3' ; 8:$8/? ;813<$8 U d eceeV

PO 0 &

S

PS .0 ' *

QP .0 ' *

: fd $!$0 $8 ecedI 30'? ! 6*: / 03;1:$# :3 ^ jIgccIcccI #*<*#$# *1:3 fjIcccIccc 9) 8$9 =*:) 130*1 / < /;$ 3' ^ cLecI ';//? 6 *# ;6 1# // *1 :)$ 9 0$ !/ 99L )$ !306 1? ) 9 13: *99;$# 1? 9$!;8*:*$9 (*<*1( 8*(): :3 ! 6*: /L 9 ;:)38*9$#I :)$ !306 1? 3=1$# eI h icIcg h 30'? 9) 8$9 : fd $!$0 $8 ecedL S !0 1 & 0!= ', L

11; / $1$8 / $$:*1(

P 3 , !

QP 3*7 $/$ 9$ 3' ecee /'Q $ 8 ;813<$8 V !.2!+ !0 $/$ 9$ 3' ecee /'Q $ 8 *1 1!* / $638:

V !.2!+ !0 $/$ 9$ 3' ecee /'Q $ 8 $9;/:9 1# 31'$8$1!$ // PX 2- !0 $/$ 9$ 3' ;813<$8 '38 :)$ *89: *1$ 31:)9 3' ecee

31/12/21 31/12/20

1.85

2.15

S !0 1 & 0!= ', L

31/12/21 31/12/20

6.19

7.49

16

SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

ORGANISATION

S &' !$ 6! 32 ' 4! $$ ' !0? *$88$ * $*83

S & ' 0+ , ? $ 1 ;*// ;0$ $96 :;8$

!.327 &' !$ 6! 32 ' 4! $$ ' !0 ', & 0%! -$ !-.*!= 3*230! , 0% ,' 8 2 ' - , ? / & 8*$ *>0*$8 S & ' 0+ , ? $ 1 ;*// ;0$ $96 :;8$

!+ !01? 36)*$ $9380*%8$ W $8:8 1# 80$1:*$8 W 1:)31? : )/

1!04!0?

8 & (3*8$ $88 & S & ' 0? /38$1!$ 3 /3: W

' ! E & ' 0+ , ? *!)$/ 3//*$8 W

' 0! 2-01? 8*$ < 8$/Q $96 :;8$ ;/$ $// 8# W 36)*$ $9380*%8$ W /38$1!$ 3 /3: W $8:8 1# 80$1:*$8 W 1:)31? : )/ 8:);8 :*1Q ;(3; 8# WW

!+ !01? 8*$ < 8$/Q $96 :;8$ $ 1 ;*// ;0$ $96 :;8$ S Z $: ;:8$9 S *$88$ * $*83 &' !$ 6! 32 ' 4! $$ ' !0 $/$6)31$K UffV g h c gc gk gl Q0 */K 6*$88$L8* $*83[930'?L!30 555@1-+$7$ ', , !@ -+

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SOMFY – ANNUAL FINANCIAL REPORT 2021

01 PRESENTATION OF THE GROUP

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SOMFY – ANNUAL FINANCIAL REPORT 2021

02

MANAGEMENT REPORT

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SOMFY – ANNUAL FINANCIAL REPORT 2021

02 MANAGEMENT REPORT

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SOMFY – ANNUAL FINANCIAL REPORT 2021

02 MANAGEMENT REPORT

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SOMFY – ANNUAL FINANCIAL REPORT 2021

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SOMFY – ANNUAL FINANCIAL REPORT 2021

02 MANAGEMENT REPORT

STOCK MARKET PERFORMANCE

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POST-BALANCE SHEET EVENTS

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23

SOMFY – ANNUAL FINANCIAL REPORT 2021