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

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SOMFY – ANNUAL FINANCIAL REPORT 2021