Slide 1: 2021 Annual Results: Outperformance & Ambition
2 & CHARGEURS 2021 Annual Results OF ENTREPRENEURIAL SPIRIT Outperformance & Ambition
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements relating to the business, results and financial position of the Chargeurs group. Such forward-looking statements are based on assumptions that are currently considered reasonable but which are dependent on external factors and unfor
Slide 3: Presentation of 2021 Annual Results
17/02/2022 Presentation of 2021 Annual Results & CHARGEURS High Emotion Technology”
Slide 4: Years of entrepreneurial spirit
150 years of entrepreneurial spirit From 1872 to the present day Founded in 1872, La Compagnie des Chargeurs Réunis was a transatlantic transport company between France and Latin America, followed by Africa and Asia. Between 1980 and 2015, Chargeurs discontinued its transport activities and entered
Slide 5: Significant events in 2021
Significant events in 2021 AE sTuoIO OF a, pn pg wy ALTESSE =Prl os peed January February March April May June @ Lainiére Santé™ = Operational @ Design PM signs = @Acquisition of | @ Partnership on @ Launch of the face masks named launch of the Diriyah Gate Fournival innovation with Ecole virtual CF
Slide 6: Contents
O1 INTRODUCTORY SUMMARY Contents 02 03 OPERATING AND CONCLUSION FINANCIAL REVIEW & CHARGEURS High Emotion Technology”
Slide 7: Introductory summary
Slide 8: After outperforming during the crisis in 2020, Chargeurs outperforms the recovery
After outperforming during the crisis in 2020, Chargeurs outperforms the recovery 1. With its top-quality assets, Chargeurs outperformed its markets and reported a record fourth quarter after a record third quarter @ 4world leaders out of 5 business lines, each one with a 20% to 30% global market sh
Slide 9: Outstanding value creation once again driven by all the business lines
Outstanding value creation once again driven by all the business lines Key figures 2021 Chg. vs. 2019 Revenue 736.6 +17.6% EBITDA 73.8 +23.0% Attributable net profit 30.6 +103% Net cash from operating activities 64.9 +155% f Dividend per share €1.24 +210% o —-
Slide 10: Leap Forward 2025 targets
Leap Forward 2025 targets 2020 CD 2025 Embedded Embedded Performance performance = performance + Like-for-like acquisitions Targets Revenue €1bn €1.5bn Recurring operating profit €100m €150m Three growth >» Rebound in historic business lines, which are outperforming the recovery Embedded performance
Slide 11: Chargeurs: perfectly equipped to change scale and accelerate value creation by 2025
Chargeurs: perfectly equipped to change scale and accelerate its value creation by 2025 Recognized managerial Ambitious and realistic Unquestioned champion of method program niche markets by 2025 @ Shareholder of niche businesses Vv Four leading global businesses VY Creation of two new niche champio
Slide 12: Financial review
Financial review oh v oe - Group Chief Financial Officer # CHARGEURS
Slide 13: Exceptional 2021 trajectory and robust long-term growth
Exceptional 2021 trajectory Revenue CAGR* >+6% since 2015 €m 822.0 736.6 626.2 2015 2019 2020 2021 Attributable net profit CAGR* >+12% since 2015 €m 41.0 30.6 15.3 15.1 *Compound Annual Growth Rate 2015 2019 2020 2021 13 and robust long-term Recurring operating profit CAGR* >+8% since 2015 73.0 64.9
Slide 14: Revenue up 17.6% versus 2019
14 Revenue up 17.6% versus 2019 Strong year-on-year growth in the Americas and Asia, as well as in Europe ex. CHS 822.0 €m 736.6 626.2 Se) Europe Asia AE Americas 2019 2020 2021 Historic performance by CPF and rebound in textile business 822.0 €m 736.6 cHs CMS CLM CFT*PCC 2019 2020
Slide 15: Operating review
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Slide 16: Record 2021 business and order book at Chargeurs Protective Films
16 Record 2021 business and order book at Chargeurs Protective Films 2021 2021 Q4 2021 Q4 2021 ém 2021 2020 vs 2019 vs. Q4 2021 vs. vs 2020 2019 Q4 2020 Q4 2019 Revenue 340.9 270.4 +26.1% 278.1 +22.6% 86.2 +23.9% +30.2% Like-for-like +26.6% +24.3% +21.3% +30.8% EBITDA 36.7 27.8 +32.0% 33.1 +10.9% As
Slide 17: CPF enjoys unique strengths to outperform in a buoyant market
LEAP FORWARD EMBEDDED PERFORMANCE CPF enjoys unique strengths to outperform in a buoyant market 2025 recurring operating profit hallenged leadership target: €44m 50 Chargeurs Protective Films is the leader in the protective films market with c.30% market share. The business enjoys cutting edge innov
Slide 18: Chargeurs*PCC Fashion Technologies
Slide 19: CFT*PCC reported record order intake and is returning to pre-COVID levels
CFT*PCC reported record order intake and is gradually returning to pre-COVID business levels 2021 2021 Q4 2021 Q4 2021 2021 vs. 2019 vs. Q4 2021 vs. vs. ém 2020 2019 Q4 2020 Q4 2019 Revenue 154.4 131.8 +17.1% 210.6 -26.7% 49.5 +48.2% -9.0% Like-for-like +20.0% -21.5% +45.5% -4.2% EBITDA 10.7 11.1 -3
Slide 20: CFT*PCC perfectly positioned to meet new fashion needs
LEAP FORWARD EMBEDDED PERFORMANCE CFT-PCC perfectly positioned to meet new fashion needs Excellence and innovation at the service 2025 re orget: e25m profit of 6,000 customers worldwide 30 Chargeurs-PCC Fashion Technologies is the world leader in interlining. It has an extremely flexible global prod
Slide 21: Chargeurs Luxury Materials
Slide 22: Rebound in volumes and enrichment of the Nativa responsible wool offering
22 Rebound in volumes and enrichment of the Nativa™ responsible wool offering 2021 2021 4 2021 04 2021 2021 2020 vs. 2019 vs. Q4 2021 vs. vs. ém 2020 9 Q4 2020 Q4 2019 Revenue 86.2 64.6 = +33.4% — 100.2 -14.0% 24.7 +71.5% +20.5% Like-for-like +31.3% -14.0% +66.0% +18.5% EBITDA 1.2 -2.2 ns. 2.8 -57.1
Slide 23: CLM, a green positioning and traceability partner
LEAP FORWARD EMBEDDED PERFORMANCE CLM, a green positioning and traceability Rw Rw CLM is the leader in upscale combed wool and focuses on very high a partner of a growing number of prestigious brands. technology that is appealing to brands added-value products. Its firm positioning on sustainable It
Slide 24: Chargeurs Healthcare Solutions
.Healthcar oe A benchmark position for premium PPE, the start of diversification CHARGEURS
Slide 25: CHS reached the upper end of its full-year guidance range
CHS reached the upper end of its full-year guidance range and continues to step up diversification 2021 2021 Q4 2021 Q4 2021 2021 vs 2019 vs Q4 2021 vs. vs. €m 2020 2019 Q4 2020 Q4 2019 Revenue 94.8 303.6 -68.8% - - 12.2 306.7% - Like-for-like +306.7% - EBITDA 22.6 65.4 -65.4% - - As a % of revenue
Slide 26: CHS, equipped to create value in healthcare protection, well-being and personal care
LEAP FORWARD EMBEDDED CHS, equipped to create value in the healthcare PERFORMANCE #7 protection, well-being and personal care markets ~~ 2025 recurring operating m upscale positioning profit target: €15m Chargeurs Healthcare Solutions is a leading player in PPE. It has a standalone PPE production ch
Slide 27: Chargeurs Museum Solutions
\S. CHARGEURS
Slide 28: Substantial increase in CMS results and robust sales momentum
28 Substantial increase in CMS results and robust sales momentum 2021 Q4 2021 Q4 2021 9 vs. Q4 2021 v! €m 2019 Q4 2020 Q4 2019 Revenue 60.3 51.6 +16.9% 37.3 +61.7% 18.7 +39.6% +48.4% Like-for-like +8.6% -40.7% +41.8% -38.7% EBITDA 8.7 49 +77.6% 45 +93.3% As a % of revenue 14.4% 9.5% 12.1% Recurring
Slide 29: CMS, a new benchmark player in the fast-growing museum construction market
LEAP FORWARD EMBEDDED PERFORMANCE CMS, a new benchmark player in the fast- growing museum construction market 2025 recurring operating profit The “one-stop-shop” for museum construction target: €18m 20 Chargeurs Museum Solutions, under the Museum Studio brand, is the 7 world leader in construction a
Slide 30: Chargeurs Museum Solutions
CHARGEURS
Slide 31: Chargeurs has built the world leader in museography
Chargeurs has built the world leader in museography 2018 => 2019 => v0) => 2021 Acquisition of Leach (UK) A printer of textiles and rigid supports for the retail and cultural sectors. \esce For 2022 and onwards, continued build-up and new acquisitions 31 MET Acquisition of DesignPM (UK) Management o
Slide 32: We are the go-to studio for people with special stories to tell and share
We are the go-to studio for people with special stories to tell and share. We support your bold projects from start to finish, throughout their lifecycle. Our multidisciplinary teams design, develop and build exhibitions and spaces for globally renowned institutions, museums and corporations t
Slide 33: An unrivalled integrated service offering
An unrivalled integrated service offering sani aga vent a Event |e ax Dep HPSS pe LYPSOS. \\ Lerch DECOR, MODELS, MUSEUM OR MAIN CONTRACTOR REPLICAS provEct CULTURAL DESIGNER PROJECT LEAD MAIN INTERIOR \, (____] INSTITUTION PLANNER FIT-OUT AUDIOVISUAL DELIVERY GRAPHICS a aniitan Software (planning a
Slide 34: Global presence
34 Global presence Museum Studio UK Museum Studio USA Museum Studio FR Museum Studio ME f Museum Studio NL 3 Museum Studio HK
Slide 35: Prestigious references in the major markets: Europe
Prestigious references in the major markets Main successes in Europe National Museum, Denmark The Burrell Collection, UK National Maritime Museum, Netherlands The Box Plymouth, UK Monaco Yacht Show, Monaco // CHARGEURS 35 The Royal Air Force Museum, UK
Slide 36: Prestigious references in the major markets: Middle East
Prestigious references in the major markets Main successes in the Middle East EXPO 2020 Dubai- Mobility Pavillon, United Arab Emirates Al Salam Palace, Kuwait Mishkat Science Centre, Saudi Arabia Ecole 42 Experience, United Arab Emirates = // CHARGEURS 36 Oman Across the Ages Museum, Oman Oman Botan
Slide 37: Prestigious references in the major markets: Americas
Prestigious references in the major markets Main successe National Air and Space Museum, Washington DC National Museum of the U.S. Army, Virginia = 2 Danville Science Museum, 37 Lyndon Baines Johnson Presidential Museum, Texas Virginia
Slide 38: Prestigious references in the major markets: Asia
Prestigious references in the major markets Main successes in Asia " i Qingdao Eden Project, China Presidential Library & Museum, Kazakhstan Manchester United Expérience Macau, China / - ; Hong Kong International Wetlands #7) 80-10. 38 | MACAN Museum Jakarta, Indonesia Park & Visitor Centre, China ‘
Slide 39: Strong financial visibility for the Leap Forward plan
Strong financial visibility for the Leap Forward plan Strong outlook on additional development, driven by a €140m in deep market (100,000 revenue already museums worldwide signed for 2022 according to UNESCO) with to 2025 ever-increasing momentum (25 projects over USD 100m worldwide) @ The Group acq
Slide 40: Financial review
an Financial “ Be, “Se : “J Pp, Group Chief Financial Officer
Slide 41: 2021, the Group's second-best performance in over 10 years
2021, the Group’s second-best performance in over 10 years €m 2021 2020 2019 Revenue 736.6 822.0 626.2 Record business at CPF, double-digit growth at CFT* PCC, CLM and CMS Gross profit 186.3 219.0 167.0 As a % of revenue 25.3% 26.6% 26.7% The gross margin rate remained high despite strong increase i
Slide 42: Strong cash flow generation
42 Strong cash flow generation: ém 2020 2019 EBITDA 2B8 1024 60.0 Other operating income and expense 104 -13.0 7.0 Financial expenses - cash 140 0-121 10.8 Tax - cash 61 6.4 3.3 Other 0.3 05 0.2 [Cash flows provided by operating activ efore changes in net working capital 43.0 38.7 Dividends from ass
Slide 43: Reduction in net debt and a high level of available cash
Reduction in net debt and a high level of available cash €m 31/12/2020 Intangible assets 238.1 228.7 Revaluation of goodwill linked to changes in exchange rates Property, plant and equipment 85.3 83.1 Associates 79 7.0 Other net assets and liabilities 25.4 77 WCR 28.1 48.8 Strong improvement in WCR
Slide 44: Conclusion
CHARGE ORS
Slide 45: Fresh success expected in 2022
45 Fresh success expected in 2022 Underpinned by record order books and substantial available cash, Group performance in 2022 will be driven by: @ the expected improvement in the profitability of Chargeurs Protective Films through the embedded effect of price increases; @ the accretive impact on the
Slide 46: Chargeurs
* oe CHARGEURS High Emotion Technology®