LISI GROUP - Integrated report 2021

LISI – 2021 INTEGRATED REPORT — 69 Interviewwith Emmanuel Neildez CEO, LISI AEROSPACE What was the market environment like in 2021? The brutal air pocket created by the COVID crisis was again very marked in the first part of 2021. The first signs of recovery in the global aerospace market were only visible in the second half. This rebound first came from the gradual resumption of single-aisle production rates. The number of deliveries is on the rise for all the major global manufacturers: 611 aircraft were delivered by Airbus in 2021 and 340 by Boeing, compared to 566 and 157, respectively, in 2020. International traffic also picked up, with a number of flights that reached 80% of the 2019 level at the end of the financial year. The division clearly felt the effects of this sequential restart, which materialized in the fourth quarter with an increase in activity of almost 6% compared to the same period the previous year. Forecasts have improved and order books have filled up. First in the engine segment, then in structural components for the A320 NEO. Since December 2021, we have seen the rebound taking shape in forecasts for the fasteners business, particularly in Europe, where the market is once again benefiting from the recovery in single-aisle production rates. Our positioning on this type of device, and in particular on the LEAP engine, allows us to take advantage of this momentum. Our priority is to secure recovery, by mobilizing and preparing our teams and by coordinating our efforts with the entire aerospace supply chain, both upstreamand downstream.”