LISI GROUP - Integrated report 2021

LISI – 2021 INTEGRATED REPORT — 21 1962-1968 Towards the creation of an industrial group: GFD The Bohly, Dubail-Kohler and Viellard family businesses merged to form Générale de Forgeage Décolletage (GFD). The group became the leading French manufacturer of standard and automotive screws and bolts. 1977 The aerospace business kicked off In the 1970s, GFD acquired two aerospace subcontracting companies thanks to the support of Blanc Aero Industries (BAI), a company specializing in aerospace fasteners. In 1977, GFD and BAI decided to merge to form Générale Financière et Industrielle (GFI). The transaction was made possible thanks to the entry of the Peugeot family into the capital. Even today, the Kohler, the Peugeot and Viellard families remain the reference shareholders of LISI. 1990-2001 Development through strong external growth After being listed on the Second Market of the Paris Stock Exchange in 1989, the Group strengthened itself through the acquisition of more than fifteen companies in Europe and the United States. 2002 The group was renamed LISI In 2000, the Group acquired Rapid, a company that manufactured clips for cars. The manufacturing technologies differ between screws and clips, but the commercial approach and the profession are identical. The Group plays on the complementarity of products to differentiate itself from its competitors and position itself as one of the only multi-specialist players in fasteners. It eventually did the same in aerospace with the 2003 acquisition of the Californian Monadnock. To better mark this positioning, in 2002 the Group took the name LISI: “Link Solutions for Industry”. 2007-2010 A new division was created: LISI MEDICAL Between 2007 and 2010, LISI acquired four companies that manufactured dental implants or assembly systems (screws, pins) used in reconstructive surgery. In 2010, with the takeover of Stryker Corporation’s hip prosthesis production site located in Hérouville-Saint- Clair, near Caen, the Group set up a new division: LISI MEDICAL. 2011-2014 LISI AEROSPACE started expanding in structural components With the takeover of Creuzet Aéronautique in 2011, followed by that of Manoir Aerospace in 2014, LISI AEROSPACE started expanding in complex structural components, complementary to fasteners. Such diversification allowed LISI AEROSPACE to acquire a new dimension and to find a place for itself among the major aerospace equipment manufacturers. 2016 LISI MEDICAL acquired a new profession The acquisition of Remmele Medical Operations enabled the medical division to expand its industrial base in the United States and to position itself in a new, highly promising segment: the manufacture of instruments for minimally invasive surgery. 2017-2018 LISI AUTOMOTIVE expanded in the United States With the takeover of the American companies Termax and Hi-Vol Products, LISI AUTOMOTIVE strengthened its activities in clip fasteners and mechanical safety components with high added value and acquiring a global dimension: the division is now present in the 3 major vehicle production “regions”: China, Europe, and North America. 2019-2020 Refocusing of activities on high added value solutions • LISI AEROSPACE sold two non-strategic subsidiaries: Indraero-Siren in France and LISI AEROSPACE Creuzet Maroc. • LISI AUTOMOTIVE sold its chassis screws, chassis studs, and ball joints (St-Florent site) and its German subsidiary LISI AUTOMOTIVE Mohr und Friedrich GmbH specializing in hot forging and the production of nuts and spacers. • LISI became the owner of 100% of the capital of the American company Termax. 2020-2021 Strengthening of the Group’s strategic activities The LISI Group continued its adaptation plan initiated at the start of the health crisis and strengthened its strategic positioning on high value-added activities: • Disposal of the subsidiary LISI MEDICAL Jeropa (United States) to reposition itself in its core business. • Disposal of the LACE subsidiary (LISI AEROSPACE). • Acquisition of the American company B&E Manufacturing by LISI AEROSPACE to extend the product offer on the high- precision hydraulic fittings market.