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PRESS RELEASE Friday , December 17 , 2021 Groupe EXEL Industries 2020-2021 Full - year results Significant improvement in margins combined with a sharp reduction in debt • • • • Sales up 16 % , double - digit growth in almost all activities Strong financial performance , with recurring EBITDA up 46 % to € 78 million for the year and a recurring EBITDA margin of 8.9 % Net income of over € 43 million Proposed dividend payment of € 1.60 per share A consolidated and robust cash position with significantly improved debt ratios including leverage of 0.5x recurring EBITDA 2020-21 FULL - YEAR RESULTS EXEL Industries ( € millions ) 2019-2020 2020-2021 Change reported SALES 754.4 876.8 16 % Recurring EBITDA * 53.3 77.8 46 % % of sales 7.1 % 8.9 % CURRENT OPERATING INCOME 35.3 54.7 55 % % of sales 4.7 % 6.2 % Non - recurring items -29.9 5.3 Net financial income / expense -11.1 -2.1 Tax and share of profit of associates -5.1 -14.4 NET INCOME / ( LOSS ) -10.7 43.5 % of sales -1.4 % 5.0 % NET FINANCIAL DEBT -87.0 -42.4 -51 % Leverage ( NFD / recurring EBITDA ) 1.6 0.5 GEARING ( NFD / shareholders ' equity ) 25 % 11 % * Recurring EBITDA = current operating income ( EBIT ) + depreciation and amortization of non- current assets + change in provisions ( excluding provisions on current assets ) + share of profit of associates