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BiC Ⓡ BIC THIRD QUARTER & NINE MONTHS 2021 RESULTS Clichy , France , October 26th , 2021 Q3 results exceeding our expectations , 9 months Net Sales on a comparative basis above 2019 levels in almost all regions- Full Year 2021 Net Sales guidance further upgraded • • • Mid - single digit growth in the U.S pocket lighter market and solid performance in Latin America drove the Flame for Life growth Human Expression Net Sales led by double - digit increases in Europe , Latin America , Middle - East & Africa and India , and outstanding performance from our recent acquisitions ( Rocketbook in the U.S and Lucky Stationery in Nigeria ) Blade Excellence performance driven by Latin America . Double - digit Net Sales growth of our added- value products . Strong performance in e - commerce , with all channels and regions contributing . Accelerated growth in developing countries . Adverse Raw Material price increases offset by savings from the Invent the Future transformation plan combined with ongoing manufacturing efficiencies Sustained Free Cash Flow generation driven by solid Cash from Operations KEY FIGURES Q3 2020 Q3 2021 9M 2020 9M 2021 in million euros¹ Group Net Sales 441.9 478.4 1 217.8 1 395.1 Change as reported ( 9.4 ) % + 8.2 % ( 15.9 ) % + 14.6 % Change on a comparative basis ( 3.5 ) % + 5.0 % ( 13.2 ) % + 16.1 % Change on a constant currency basis ( 2.6 ) % + 8.5 % ( 12.6 ) % + 19.8 % EBIT Margin 24.5 % 17.2 % 10.9 % 29.8 % Adjusted EBIT Margin 18.9 % 17.2 % 14.5 % 17.8 % EPS ( in euros ) 1.51 1.28 2.00 6.40 Adjusted EPS ( in euros ) 1.05 1.28 2.92 3.80 Free Cash Flow before acquisitions and disposals 131.4 128.6 173.7 232.3 Net Cash Position 128.1 475.4 128.1 475.4 " We delivered impressive results in the third quarter and exceeded our own expectations in a challenging trading environment , despite an unfavorable comparable basis . These strong results are the continued tangible outcomes of the organizational and strategic choices we made 18 months ago with our Invent the Future and Horizon Plans . Our performance reflects a focus on operational excellence and cost efficiency , and the relentless determination and energy of our teams around the world . As we move towards 2022 with strong momentum , we will continue to focus on what we can control and build on our strengths to deliver our Horizon trajectory of mid - single digit Net Sales growth . " 2021 Outlook ( based on current market assumptions² ) Gonzalve Bich , Chief Executive Officer Given the solid nine months performance and current market assumptions , we upgrade our FY 2021 forecast and now expect to deliver above 14 % Net Sales growth at constant currencies . The fourth quarter will be affected by raw materials and freight & distribution cost increases . For the Full - Year , overall input costs inflation will be more than offset by improved manufacturing efficiencies , the savings from our Invent the Future plan , and tight management of expenses . Despite the building of strategic inventories to protect supply and delivery for 2022 , our goal for Full - Year 2021 Free Cash Flow remains above 200 million euros . 1 Unaudited figures 2 See page 9 for main market assumptions . BIC- Press Release - Page 1 of 15