Societe Bic Sa · EURONEXT:BB
Societe Bic Sa — BIC — Investor Presentation (September 2026)
64 slides from Societe Bic Sa's investor presentation, September 2026
Slide 1: Investor Presentation
Investor Presentation September 2026
Slide 2: BIC in a nutshell
BIC in a nutshell World leader in stationery, lighter, shaver and hairbrush products Vision Bring simplicity and joy 13.6% €222m to everyday life. €2,090m Adjusted EBIT €4.74 Free Cash Net Sales Adjusted EPS1 Margin1 Flow Mission Become the leader of beautiful, better everyday essentials. 26m Presen
Slide 3: In tune with the times
In tune with the times Launch of the BIC® Cristal, the first International expansion in high quality Europe, Latin Acquisition of Acquisition of Acquisition of ballpoint pen America, Africa and First BIC® First BIC® One- graphite, coloring correction correction North America lighter piece shaver and
Slide 4: BIC’s Market Share and Brands
BIC’s Market Share and Brands Stationery Lighters Shavers Brushes BIC’s market share 8% 9% 7% 6% global global global global market market market market share share share share BIC’s brands Source: Based on global data providers and BIC estimates. Notes: Market share in value for Stationery, Shavers
Slide 5: BIC’s Global Manufacturing Footprint
BIC’s Global Manufacturing Footprint >95% of products sold were manufactured in BIC’s factories 18 manufacturing Europe sites across 35%1 5 continents North America 36%1 Middle East & Africa Stationery 8%1 Lighters Asia & Shavers Oceania Latin America 4% 1 17%1 Advertising & promotional products 1 %
Slide 6: BIC’s Historical Shareholder Remuneration
BIC’s Historical Shareholder Remuneration 218 210 59 60 167 Ordinary dividend €2.40 for fiscal year 20251 134 40 40 40 39 51% 2025 Payout ratio2 119 127 110 95 up to 2026 Share €40m buyback program 2022 2023 2024 2025 Ordinary Exceptional Share Exceptional dividend dividend buyback share buyback in
Slide 7: BIC’s new Operating Model and 2030 ambition
BIC’s new Operating Model and 2030 ambition 7
Slide 8: Building on a sharper operating model
Building on a sharper operating model Global category-led strategy Local commercial execution Stationery Lighters Shavers Brushes Global brand Product portfolio Distribution & Brand support & strategy management customer portfolio and activation Innovation Manufacturing Customer relationship Commerc
Slide 9: Four categories, four action plans
• Boost penetration & • Maximize visibility in fuel growth developed markets • Elevate the brand to • Unlock growth in drive value developing markets • Improve profitability • Increase preference Group Finance through brand & Transformation portfolio Four Stationery Lighters categories, M&A 2030 Glo
Slide 10: One BIC Commercial Planning
One BIC Commercial Planning Grow penetration Earn our margins. Simplify relentlessly. International Markets North America Scale penetration. Recruit new consumers Strengthen the core. Scale new growth REGIONS CHANNELS CATEGORIES COUNTRIES CHANNELS CATEGORIES Stationery: Protect core, improve WHERE D
Slide 11: Three common levers to win across categories
Three common levers to win across categories 1/ Diversify 2/ Optimize 3/ More focus on geographical portfolio growing channels footprint 1/3 1/3 Discounters SKU rightsizing E-commerce Rebalancing portfolio on strategic priorities Reducing long-tail complexity Traditional 1/3 trade 11
Slide 12: The BIC growth algorithm: Strengthen and grow core operations
The BIC growth algorithm: Strengthen and grow core operations… Net Sales Drivers: 2026-2030 in €m Invest to increase product “Strengthen Stationery penetration and drive the Core” mental availability Enhanced go-to-market Lighters strategy Global category roadmap Shavers supported by unified systems
Slide 13: …while securing new growth avenues
…while securing new growth avenues “New Growth Avenues” Net Sales Drivers: 2026-2030 in €m “Strengthen Brushes Innovation the Core” triggering consumer appeal Developing markets Refillable Shavers Increased penetration in growth channels supported by 2026 2030 brand support investments 13
Slide 14: Margin expansion from operations and transformation
Margin expansion from operations and transformation Adj. EBIT Margin drivers: 2026-2030 Steady margin >15.5% expansion over the period Categories to contribute evenly to margin uplift Contribution from both business and transformation levers 2026 Business Transformation 2030 levers levers 14
Slide 15: Cash generation maximized by transformation
Cash generation maximized by transformation Free Cash Flow: 2026-2030 FCF from in €m new growth avenues >€250m Increased Free FCF from core Cash Flow business generation Accelerating Transformation towards >€250m costs in 2030 €900-950m FCF over 2027-2030 2026 2030 15
Slide 16: Disciplined capital allocation policy
Disciplined capital allocation policy Sustainable Agile SHAREHOLDER RETURNS BALANCE SHEET Grow dividend over the period, with Flexibility for a 40% to 50% of adjusted EPS • Value-creating M&A • Opportunistic returns, Opportunistic share buyback optimizing cost of capital program(1) 16 (1) subject to
Slide 17: 2030 Ambition
Mission Become the leader of beautiful, better everyday essentials. 2030 Ambition Organic net sales Adjusted EBIT Free Cash Flow generation Cumulative Free Cash Dividend payout CAGR Margin in 2030 Flow 2027-2030 ratio (% of Adj. EPS) c.3% >15.5% >€250m €900-950m 40 to 50% Where to play How to win St
Slide 18: Stationery
Stationery 18
Slide 19: Grow penetration and elevate the brand
Grow penetration and elevate the brand AMBITION Turn Stationery into a value creative category to improve cash generation MUST-WIN BATTLES Boost penetration Elevate the brand Improve & fuel growth to drive value profitability 19
Slide 20: Ambition into action: Portfolio strategy
Ambition into action: Portfolio strategy Animation & Increased penetration Portfolio innovation & value growth simplification Core range BIC Volume Trends Events Vibbies growth Developing markets Eastern Europe Mexico Brazil Collabs Art Licenses Western USA Europe Value growth Long-tail Long-tail 20
Slide 21: Lighters
Lighters 21
Slide 22: Be seen, be there, be desired
Be seen, be there, be desired Drive profitable growth AMBITION across most regions through penetration and animation Be seen Be there Be desired MUST-WIN BATTLES Maximize visibility Unlock growth Increase preference Developed markets Developing markets Brand & Portfolio 22
Slide 23: Ambition into action: Build brand preference
Ambition into action: Build brand preference The right The right channels Point of purchase message & partnerships excellence 23
Slide 24: Shavers
Shavers 24
Slide 25: Drive both volume and value growth
Drive both volume and value growth Be the brand of choice for savvy consumers AMBITION who know great shaving performance doesn’t have to cost a fortune MUST-WIN BATTLES Grow core Enlarge Premiumize by non-refillables footprint entering refillables 25
Slide 26: Ambition into action: Build brand preference
Ambition into action: Build brand preference The right The right channels Point of purchase message & partnerships excellence 26
Slide 27: Brushes
TANGLE’ , ~ e TEEZER Z , ae . a Q
Slide 28: Brand-led innovation to build a global champion
Brand-led innovation to build a global champion AMBITION Become the undisputed global market leader in brushes MUST-WIN Extend from Drive brand Refine core Prioritize growth BATTLES awareness and portfolio & pockets with core with innovation convert high- packaging and optimized go-to- value consume
Slide 29: Extend from the core, with brush innovation & animations
Extend from the core, with brush innovation & animations 29
Slide 30: Operational & Consolidated Results H1 2026
Operational & Consolidated Results H1 2026 30
Slide 31: H1 2026 Key Takeaways
H1 2026 Key Takeaways • H1 organic growth of +1.7%, fueled by all categories and key regions • Improvement in the US with net sales growth in Human Expression and Blade Excellence, and stabilization in Flame for Life • Growth accelerated at Tangle Teezer in Q2, reaching organic growth of +16% in H1
Slide 32: H1 2026 Key Financial Figures
H1 2026 Key Financial Figures Net Adjusted1 Adjusted1 Free Cash Sales EBIT EPS Flow3 Q2 €586m 2026 €166m €2.81 €64m +1.8% organic growth 16.0% €189m H1 versus €2.35 Net Cash 2026 €1,040m Adjusted in H1 2025 Position4 EBIT Margin2 +1.7% organic growth 1 Adjusted means excluding non-recurring items 2
Slide 33: Q2 2026 Net Sales Evolution
Q2 2026 Net Sales Evolution €8m €2m Perimeter FX €598m €3m €2m €586m €21m € 2m Organic growth: +1.8% (3.5) % (0.3) % Q2 2025 Peri FX Q2 2026 Q2 2025 Human Flame Blade Other Products Perimeter Q2 2026 Net Sales Expression for Life Excellence & FX impact Net Sales
Slide 34: H1 2026 Net Sales Evolution
H1 2026 Net Sales Evolution Perimeter FX €8m €2m €6m €1,077m €2m €30m €1,040m Organic growth: +1.7% € 25m (2.8) % (2.4) % H1 2025 Peri FX H1 2026 H1 2025 Human Flame Blade Other Products Perimeter H1 2026 Net Sales Expression for Life Excellence & FX impact Net Sales
Slide 35: H1 2026 Performance – Human Expression
H1 2026 Performance – Human Expression North America Middle East and Africa Robust growth fueled by Solid rebound in Q2 distribution gains in with positive Back-to- retail and e-Commerce School momentum in North Africa Europe Challenging competitive Slight negative organic environment in the H1 grow
Slide 36: H1 2026 Performance – Flame For Life
H1 2026 Performance – Flame For Life Latin America North America Solid commercial Net sales stabilization execution in Mexico with growth in the convenience channel and e-Commerce Europe Slight growth with Middle East & Africa distribution gains across Continued distribution H1 key European countrie
Slide 37: H1 2026 Performance – Blade Excellence
H1 2026 Performance – Blade Excellence Europe Latin America Distribution gains Success of trade-up supported by Flex and strategy with additional Soleil ranges. Strong distribution gains in the growth at Tangle Teezer Flex and Soleil ranges Middle East and Africa North America Return to strong growt
Slide 38: H1 2026 Performance – Tangle Teezer
H1 2026 Performance – Tangle Teezer +16% Growth acceleration in Success of premium Net Sales Q2 at +21%, driven by products, including Organic both the US and Europe recently launched growth Chrome and Matte ranges Solid market share New product launches gains and distribution and key partnerships e
Slide 39: H1 2026 Adjusted EBIT Margin Evolution
H1 2026 Adjusted EBIT1 Margin Evolution +1.2 pts 16.0% +0.3 pts +0.8 pts 13.7% H1 2025 Gross Brand Operating H1 2026 2 adjusted EBIT Profit Support and Other adjusted EBIT margin Expenses 3 margin 4 1 See glossary in appendix 2 Excluding Tangle Teezer inventory fair value adjustment in H1 2025 3 Exc
Slide 40: H1 2026 Profit & Loss Account
H1 2026 Profit & Loss Account in million euros H1 2025 H1 2026 H1 2026 non-recurring items, mainly : • €10m restructuring costs Adjusted EBIT1 147 166 • €6m transformation costs • €4m costs related to discontinued Non-recurring items (25) (8) activities • -€12m Virtual Power Purchase EBIT 122 158 Ag
Slide 41: H1 2026 Free Cash Flow Generation
H1 2026 Free Cash Flow Generation in million euros 221 107 14 4 64 31 Operating Change in Income tax paid Others 1 Capex Free Cash Flow Cash Flow Working Capital 1 Mainly includes pensions contribution 41
Slide 42: H1 2026 Net Cash Position
H1 2026 Net Cash Position in million euros Free Cash Flow: €64m 221 125 31 234 Net Cash from Operating 6 189 Activities: €96m 98 18 December 2025 Operating Change in working CAPEX Dividend Share Others June 2026 Net Cash Position cash flow capital and others paid buyback Net Cash Position 42
Slide 43: 2026 Outlook
2026 Outlook Following the first half performance, BIC now anticipates under current assumptions: Adjusted EBIT Modest Stable Free margin slightly organic growth Cash Flow above 14.0%
Slide 44: Corporate Social Responsibility & Sustainable Development
Corporate Social Responsibility & Sustainable Development 44
Slide 45: BIC’s Sustainable Development Journey
BIC’s Sustainable Development Journey Became first Upgraded the stationery iconic Twin manufacturer to Lady/Silky Touch receive the “NF razor, now Environnement” Announced featuring a handle (NF400 Writing greenhouse made from 87% Production Instruments) gas emission- recycled plastic Conducted firs
Slide 46: Sustainable Development priorities
Sustainable Development priorities Innovate everyday Embed CLIMATE Put PEOPLE first in our essentials for a action in how we communities, products, CIRCULAR future do business and workplaces Piloting and ramping up Creating a Building trust circular economy in all more resilient through safety BIC c
Slide 47: BIC’s Long-lasting Products with Low Environmental Impact
BIC’s Long-lasting Products with Low Environmental Impact 3km 3,000 13 Up to 3 kilometers Up to 3,000 Up to 13 shaves of writing for a flames for a with a BIC® BIC® Cristal®1 BIC® Maxi lighter Flex 5 shaver BIC® ECOlutionsTM, a complete line of products 17 flagship products in the made from recycled
Slide 48: BIC’s ESG Key Achievements in 2025
BIC’s ESG Key Achievements in 2025 -4% -50%1 lost time incidents in BIC facilities Virgin plastic in our packaging vs. 2024 compared to 2019 100% 85% of strategic suppliers involved in at of electricity used in our own least one responsible procurement operations is renewable action to ensure effici
Slide 49: Unlocking value through circularity
Unlocking value through circularity BIC products are durable and designed to be fit-for-circularity Full in-house product design and manufacturing, allowing to disassemble at scale complex products and extract pure raw materials 10+ years of R&D track record in partnership with renowned We will depl
Slide 50: Scaling circularity through 2030: Key milestones
Scaling circularity through 2030: Key milestones 2027 2028-2029 2030 Deployment of BIC’s Conduct circularity pilots in Scale lighter collection to other lighter collection other countries and for other countries and leverage BIC’s streams at full scale BIC categories creating less capabilities to pr
Slide 51: Governance
Governance 51
Slide 52: BIC’s Shareholding Structure and Corporate Governance
BIC’s Shareholding Structure and Corporate Governance Shareholding Structure Board of Executive Directors Committee Treasury Shares 1% Société M.B.D. Free Float 32% 12 40% 7 29% Directors Independents1 Members Women Bich family 54% (voting rights 60%) 14% Direct holding 60% 5 6 Women1 Nationalities
Slide 53: Board of Directors (as of September 2026)
Board of Directors (as of September 2026) Non- Chief Committees Directors Executive Executive Nominations, Chair Officer Remuneration Independent director Governance and CSR Chair of Director representing Audit (C) the employees committee Édouard Bich Rob Versloot (C) Lead Independent Director Alber
Slide 54: Executive Committee (as of September 2026)
Executive Committee (as of September 2026) Rob Versloot Chief Executive Officer François Clément-Grandcourt Alina Asiminei David Cabero Chief Business Development, Chief Commercial Officer, Chief Growth Officer Sustainability & Public Affairs International Officer Alexandra Malak Haven Cockerham Gré
Slide 55: Appendix
Appendix 55
Slide 56: Group Figures
Group Figures in million euros Q1 25 Q2 25 H1 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 H1 26 Net Sales 478 598 1,077 519 495 2,090 453 586 1,040 Reported growth (8.3) % (3.1) % (5.5) % (3.9) % (4.4) % (4.8) % (5.3) % (2.0) % (3.5) % Organic growth1 (10.9) % (2.7) % (6.4) % (3.3) % (2.3) % (4.7) % +1.6% +1.8
Slide 57: Group Quarterly Figures by Geography
Group Quarterly Figures by Geography in million euros Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 Europe Net Sales 168 226 183 158 736 168 221 Reported growth +4.7% +6.6% +4.6% +5.7% +5.5% +0.0% (2.2) % Organic growth1 (3.5) % (0.2) % (0.9) % (2.4) % (1.6) % +1.5% +0.0% Growth at constant currency1 +4
Slide 58: Human Expression (Stationery)
Human Expression (Stationery) in million euros Q1 25 Q2 25 H1 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 H1 26 Net Sales 153 253 406 192 138 736 141 235 377 Reported growth (11.9) % (9.3) % (10.3) % (4.0) % (14.7) % (9.6) % (7.7) % (6.9) % (7.2) % Organic growth1 (10.5) % (6.1) % (7.8) % (0.5) % (5.8) % (5.6)
Slide 59: Flame For Life (Lighters)
Flame For Life (Lighters) in million euros Q1 25 Q2 25 H1 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 H1 26 Net Sales 172 183 354 175 194 723 165 186 351 Reported growth (17.1) % (6.4) % (11.9) % (8.8) % (10.4) % (10.8) % (3.9) % +1.7% (1.0) % Organic growth1 (15.9) % (0.9) % (8.6) % (4.3) % (5.2) % (6.7) % +1
Slide 60: Blade Excellence (Shavers and Brushes)
Blade Excellence (Shavers and Brushes) in million euros Q1 25 Q2 25 H1 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 H1 26 Net Sales 145 157 302 146 154 602 139 158 296 Reported growth +9.4% +13.7% +11.6% +2.6% +18.1% +10.8% (4.3) % +0.1% (2.0) % Organic growth1 (4.5) % +1.6% (1.4) % (6.1) % +6.4% (0.8) % +0.6%
Slide 61: Other Products
Other Products in million euros Q1 25 Q2 25 H1 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 H1 26 Net Sales 9 5 14 7 9 30 8 8 16 Reported growth +4.6% (0.9) % +2.4% +2.0% (0.7) % +1.3% (5.0) % +38.9% +12.1% Organic growth1 +4.6% (1.2) % +2.3% +2.0% (0.7) % +1.3% (5.3) % +38.5% +11.8% Growth at constant currency
Slide 62: Unallocated Costs
Unallocated Costs in million euros H1 25 FY 25 H1 26 EBIT (42) (79) (47) Adjusted EBIT (42) (79) (41) 62
Slide 63: Glossary
Glossary • Adjusted: Adjusted means excluding non-recurring items. • Constant currency: Growth at constant currency figures are calculated by translating the current year figures at prior year average exchange rates. • EBIT: Earnings Before Interest and Taxes. • Adjusted EBIT margin: Adjusted EBIT a
Slide 64: Disclaimer
Disclaimer Statements contained herein that are not historical facts, but rather express expectations or objectives for the future, including, but not limited to, statements regarding BIC’s financial objectives, constitute forward-looking statements. Such forward-looking statements are based on BIC