Societe Bic Sa · EURONEXT:BB
Societe Bic Sa — Shareholder Meeting (May 2021)
88 slides from Societe Bic Sa's shareholder meeting presentation, May 19, 2021
Slide 1: Annual General Shareholders' Meeting
ANNUAL GENERAL SHAREHOLDERS’ MEETING 19 May 2021 1
Slide 2: 2020: A Pivotal Year
2020: A PIVOTAL YEAR 2
Slide 3: Resilience – Transformation – Responsibility
RESILIENCE – TRANSFORMATION – RESPONSIBILITY Pierre Vareille Chairman of the Board of Directors 3
Slide 4: Resilience – Transformation – Responsibility
2020 RESILIENCE – TRANSFORMATION – RESPONSIBILITY Resilient Solid Shareholder Operating model Return in an Sustainable unprecedented transformation environment and accelerated New Sustainable growth Development trajectory commitments 4
Slide 5: 2020 Key Figures
2020 KEY FIGURES RESILIENCE IN AN UNPRECEDENT ENVIRONMENT € € NET SALES ADJUSTED EBIT ADJUSTED EPS FREE CASH NET CASH Change on a Margin % FLOW* POSITION comparative basis % 1,627.9 M€ 229.1 M€ 3.54€ 274.5 M€ 183.9M€ -12.6 % 14.1 % -35.3 % *Before acquisitions and disposals 5
Slide 6: Horizon Strategic Plan
HORIZON STRATEGIC PLAN TOWARDS A SUSTAINED ACCELERATION OF OUR GROWTH TRAJECTORY Invest Create Develop COMMERCIAL Perform INNOVATION EXCELLENCE Human Flame for Expression “We create high quality, Life safe, affordable, essential products, trusted by everyone” VALUE-DRIVEN FINANCIAL MODEL DISCIPLINE
Slide 7: Capital Allocation Policy
CAPITAL ALLOCATION POLICY SUSTAINABLE GROWTH AND SOLID SHAREHOLDER RETURNS Growth Returns Pay-out ratio in the Investments into Approximately 100 Ordinary Dividend range of 40% - 50% of Operations (CAPEX) million euros per year Adjusted EPS On average Targeted Approximately 100 Share Buyback Regular
Slide 8: Shareholder Remuneration
SHAREHOLDER REMUNERATION 121 MILLIONS EUROS IN 2021 Proposal of €1.80 ordinary dividend per share for 2020 40 million euros in Share Buyback In euros 6.77 6.24 6.26 117.6 M€ 121.0 M€ 5.87 5.47 3.54 7.4 Share Buyback 3.40 3.45 3.45 3.45 40.0 2.45 2.50 1.8 110.2 58% 45% 51% Ordinary Dividend 50% 55% 5
Slide 9: Social and Environmental Responsibility
SOCIAL AND ENVIRONMENTAL RESPONSIBILITY RENEWABLE ELECTRICITY TARGET ACHIEVED UN Sustainable Development goals #1 Fostering sustainable Improve the environmental footprint of 68% of innovation in BIC® our products. products: #2 Acting against BIC will use 80% renewable electricity– target climate ch
Slide 10: Distribution to Stakeholders in 2020
DISTRIBUTION TO STAKEHOLDERS IN 2020 A BALANCE BETWEEN PROFIT DISTRIBUTION AND INVESTMENT IN FUTURE GROWTH Governments 62.2 M€ Communities CAPEX 1.4 M€ 83.1 M€ SHARE THE INVESTING TO BENEFITS OF 2020 Net ENSURE Shareholders GROWTH Sales SUSTAINABLE 117.6 M€ 1,627.9 M€ GROWTH Employees 465.5 M€ Banks
Slide 11: BIC's Long-Term Value Creation Business Model
BIC’S LONG-TERM VALUE CREATION BUSINESS MODEL CREATING HIGH QUALITY, SAFE, AFFORDABLE, ESSENTIAL PRODUCTS TRUSTED BY EVERYONE Consumer-Centric Brands Open and Responsible Sustained Innovation and balanced long-term value Efficient, Reliable, and creation for all Sustainable stakeholders Global Suppl
Slide 12: Consolidated Results
CONSOLIDATED RESULTS Chad Spooner Chief Financial Officer
Slide 13: 2020 Key Financial Figures
2020 KEY FINANCIAL FIGURES € € NET SALES ADJUSTED EBIT ADJUSTED EPS FREE CASH NET CASH Change on a Margin % FLOW* POSITION comparative basis % 274.5 M€ NET CASH FROM 1,627.9 M€ 229.1 M€ 3.54€ OPERATING 183.9M€ -12.6 % 14.1 % -35.3 % ACTIVITES 357.6 M€ (+12.7% year-on-year) *Before acquisitions and d
Slide 14: Full Year 2020 Results
FULL YEAR 2020 RESULTS FROM NET SALES TO EPS In million euros FY 2019 FY 2020 Change as reported Net Sales 1,949.4 1,627.9 (16.5)% (19.9)% Gross Profit 977.3 782.4 Adjusted EBIT* 331.8 229.1 (30.9)% EBIT 252.7 156.8 (38.0)% Income Before Tax 251.4 155.3 (38.2)% Net Income Group Share 176.1 93.7 (46.
Slide 15: Full Year 2020 Adjusted EBIT Margin
FULL YEAR 2020 ADJUSTED EBIT MARGIN 18.1% 17.0% 14.1% ▪ Higher Gross Profit margin driven by favorable impact of currencies and lower Raw Material costs ▪ Decrease in Brand Support Investments (versus prior year) ▪ Higher Operating Expenses and other expenses 2018 2019 2020 15
Slide 16: 31 December 2020 Net Cash Position
31 DECEMBER 2020 NET CASH POSITION Operations In million euros +123.7 -83.1 -110.1 +233.9 -7.5 -72.5 -47.3 183.9 146.9 Net Cash From Operating activities +357.6M€ December 2019 Operating cash flow Change in working CAPEX Dividend Payment Net cash from Acquisitions* Others (mainly FX) December 2020 N
Slide 17: Strong Cash Flow Generation
STRONG CASH FLOW GENERATION In million euros 113% 89% 77% 381 79% 64% 358 318 299 304 275 213 197 176 184 180 123 124 105 83 2016 2017 2018 2019 2020 Net Cash From Operating Activities CAPEX Free Cash Flow before Acquisitions Net Cash Conversion* *: (EBITDA – CAPEX –Working Capital) / EBITDA 2016 an
Slide 18: Full Year 2020 Key Non-Financial Figures
FULL YEAR 2020 KEY NON-FINANCIAL FIGURES ANNUAL ENERGY CONSUMPTION WATER CONSUMPTION 5.32 4.87 5.22 12.14 12.59 12.96 2018 2019 2020 2018 2019 2020 Normalized to Production –M3/tons Normalized to Production –M3/tons GREENHOUSE GAS EMISSIONS RECOVERED WASTE 82.0% 78.0% 81.0% 1.07 1.031 1.014 2018 201
Slide 19: Q1 2021 Key Financial Figures
Q1 2021 KEY FINANCIAL FIGURES € € NET SALES ADJUSTED EBIT ADJUSTED EPS FREE CASH NET CASH Change on a Margin % FLOW* POSITION comparative basis % End of March 2021 411.0 M€ 60.5 M€ 0.96€ 36.0 M€ +20.9 % 14.7 % +60.0 % 393.6 M€ Change at constant currency +25.6% *Before acquisitions and disposals 19
Slide 20: 2021 Outlook
2021 OUTLOOK1 Despite a better-than-expected start of the year and an exceptional performance in Lighters, our Full-Year Net Sales outlook remains unchanged, although we now expect to be at the high end of our +5% to +7% growth objective at constant currencies. . The trading environment remains vola
Slide 21: Resilience – Transformation – Responsibility
2020 RESILIENCE – TRANSFORMATION –RESPONSIBILITY E-commerce Managing the Covid-19 pandemic Horizon Purpose or « Raison Strategic Plan d’Être » 21
Slide 22: Horizon Plan
HORIZON PLAN Gonzalve Bich Chief Executive Officer
Slide 23: Horizon: Three Pillars
HORIZON THREE PILLARS Develop Specific Reframe our three Accelerate on Capabilities categories Sustainable Development 23
Slide 24: Develop Capabilities
DEVELOP CAPABILITIES OPEN COMMERCIAL VALUE DRIVEN FINANCIAL INNOVATION EXCELLENCE GLOBAL DISCIPLINE SUPPLY CHAIN 24
Slide 25: Reframe Our Three Categories
REFRAME OUR THREE CATEGORIES Invest Create Develop Increase the size of our Perform addressable markets Human Flame Expression for Life Adopt a value-driven model Blade Excellence Capitalize on our historical strengths 25
Slide 26: Reframe Our Three Categories: Human Expression
REFRAME OUR THREE CATEGORIES Inv Cre Dev Human Expression Perf Adopt a Consumer-lens to Stationery category expansion, adapt to shifting consumer habits and expand in faster- growing Creative Expression and Digital Writing Markets 26
Slide 27: From Stationery to Human Expression
FROM STATIONERY TO HUMAN EXPRESSION 27
Slide 28: Arts & Crafts, Body Art
ARTS & CRAFTS BODY ART BIC INTENSITY BODYMARK 28
Slide 29: Digital Writing
DIGITAL WRITING /\ TT ROCKET BOOK 29
Slide 30: Reframe Our Three Categories: Flame for Life
REFRAME OUR THREE CATEGORIES Invest Create Develop Flame For Life Sustain Profitability and grow the Lighter Perform Business by leveraging all flame occasions and evolve to a value-driven model 30
Slide 31: Multiple Occasions to Light a Flame
MULTIPLE OCCASIONS TO LIGHT A FLAME Cooking Lighting Lighting Birthdays & candles a fire celebrations Special occasions & Barbecue Atmosphere romantic dinners & relaxation 31
Slide 32: Towards a Value-Driven Model
TOWARDS A VALUE-DRIVEN MODEL Supporting growth by expanding the BIC product portfolio Added-value products for the consumers Create operational & commercial synergies 32
Slide 33: Create Competitive Advantage Through Sustainable Development
CREATE COMPETITIVE ADVANTAGE THROUGH SUSTAINABLE DEVELOPMENT In-depth life cycle analysis to improve each manufacturing step/component 1st BIC lighter made with bio- based plastic (mass-balance certification) Cardboard packaging (FSC) 30%* lower carbon impact compared to the standard BIC Maxi *Throu
Slide 34: Reframe Our Three Categories: Blade Excellence
REFRAME OUR THREE CATEGORIES Blade Excellence Capitalize on our assets, advanced innovation and manufacturing capabilities to sustain growth momentum 34
Slide 35: From Shavers to Blade Excellence
FROM SHAVERS TO BLADE EXCELLENCE 35
Slide 36: Blade Excellence
BLADE EXCELLENCE ENHANCE CORE ONE-PIECE CAPITALIZE ON OUR STRENGTHS, BUSINESS WITH INNOVATION ADVANCED R&D, AND SUSTAINABILITY AND EXCELLENCE IN MANUFACTURING TO BUILD A SELECTIVE NEW BUSINESS BY ENABLING OTHER BRANDS TO ACCESS WORLD-CLASS PERFORMANCE CAPABILITIES 36 36
Slide 37: Accelerate on Sustainable Development
ACCELERATE ON SUSTAINABLE DEVELOPMENT Taking our circular economy journey to the next level by transforming the way we use plastics 37
Slide 38: Transform the Way We Use Plastics
TRANSFORM THE WAY WE USE PLASTICS TWO AMBITIOUS TARGETS Packaging Products By 2025 By 2030 By 2025 100% Reusable, recyclable or compostable 50% 20% non virgin as intermediate 100% 100% 75% petroleum plastics step Recycled or certified PVC Free Recycled content in cardboard plastics plastic packaging
Slide 39: Horizon: Financial Targets
HORIZON FINANCIAL TARGETS Accelerated and Strong cash generation sustainable growth Around 5% Net free cash flow Growth trajectory > 200 M€ per year 39
Slide 40: A Long-Term Value Creating Model
A LONG-TERM VALUE CREATING MODEL CREATING HIGH QUALITY, SAFE, AFFORDABLE AND TRUSTED ESSENTIAL PRODUCTS Consumer centric Brands Innovation Balanced and Open & responsible sustainable value creation Industrial Model for all Efficient, Reliable and stakeholders Growth Strong Cash Strong Shareholder Su
Slide 41: E-Commerce
E-COMMERCE Gonzalve Bich- Chief Executive Officer Jennifer Elmashni – Vice President, Global eCommerce and Digital Marketing 41
Slide 42: Our Ecommerce Ambition… Ahead of Plan
OUR ECOMMERCE AMBITION…AHEAD OF PLAN 20 20 20 20 20 18 19 20 21 22 VISIBILITY MARKET SHARE GAIN GROWTH ACCELERATION LEVERAGING >10% OF NET SALES IN E- DIGITAL AMBITIONS COMMERCE #1 2X >80% >7% +42% 42% Leading Market Rate of Year Over Media investment Net Sales in eCommerce Q1 2021 Total Positions O
Slide 43: Top Ecommerce Enablers
TOP ECOMMERCE ENABLERS Talent & Culture Scaled Capabilities Prioritization ▪ Expert hires ▪ Processes ▪ Fundamentals ▪ Digital acumen ▪ Tech platforms ▪ Top channels ▪ Digital brands ▪ Agencies ▪ Investments 43
Slide 44: What's Ahead to Continue Acceleration
WHAT’S AHEAD TO CONTINUE ACCELERATION More of What’s Digital Test New Digital First Working Well Acquisitions eCommerce Innovation Models ▪ Talent ▪ Successful ▪ First market ▪ Get closer to ▪ Scaled integration of movers the consumer capabilities digital brand ▪ Category ▪ Build loyalty acquisition
Slide 45: Innovation – Diversity & Inclusion
2020 INNOVATION – DIVERSITY & INCLUSION 45
Slide 46: Consumer-Centric and Open Innovation
CONSUMER-CENTRIC AND OPEN INNOVATION Thomas Brette Group Insights & Innovation Officer
Slide 47: Innovation at BIC
INNOVATION AT BIC CONSUMER-CENTRIC OPEN AND EFFICIENT 47
Slide 48: Consumer Centricity
CONSUMER CENTRICITY BGYARD ANTIBACTERIAL PROTECTION 2Q
Slide 49: The BIC Connected Shaver
CONSUMER CENTRICITY The BIC Connected Shaver is a connected device offering us a window to the “moments of truth” - while a consumer is shaving! We can collect implicit and “objective” data that we have never had before! 49
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Slide 51: Plug and Play
PLUGANOPL AY Brand & Retail Q ax Enterprise Tech 0,9 & 2 vey W 36 ® © Sustainability Agtech COVID-19 Animal Health & Energy € Media & Ad a Health Real Estate a New Materials Gig Fintech hh Supply Chain Insurtech a Smart Cities Mobility 51
Slide 52: Diversity and Inclusion
DIVERSITY AND INCLUSION Mallory Martino Chief Human Resources Officer
Slide 53: Diversity and Inclusion: Our Vision
DIVERSITY AND INCLUSION OUR VISION An open and inclusive Teams which reflect corporate culture that the diversity of our respects and integrates customers and each of our team consumers members 53
Slide 54: Engage as an Organization
ENGAGE AS AN ORGANIZATION FREE & EQUAL UNITED NATIONS FOR LGBT EQUALITY CEO FOR DIVERSITY & INCLUSION 4Q
Slide 55: Engage Our Team Members
ENGAGE OUR TEAM MEMBERS 55
Slide 56: Gender Equality
GENDER EQUALITY OBJECTIVE: 40% WOMEN IN EXECUTIVE POSITIONS IN 2027 % of women in % of women in the % of women in management positions “Extended Leadership” executive positions 56
Slide 57: Diversity @BIC
‘ eye a? ® @ Diversity @BIC Be you!
Slide 58: Corporate Social Responsibility 2021 Initiatives
CORPORATE SOCIAL RESPONSIBILITY 2021 INITIATIVES Gonzalve Bich Chief Executive Officer
Slide 59: Sharing Value: Employee Shareholding
SHARING VALUE EMPLOYEE SHAREHOLDING DEVELOPMENT Free* share plan for all employees around the world (*) Or cash equivalent in countries where the distribution of shares is complex or costly.
Slide 60: Sharing Value: ESG Impact Share Buyback
SHARING VALUE FIRST EUROPEAN ESG IMPACT SHARE BUYBACK Funding research to understand the impact of tutoring programs on school-age students, particularly in the context of school closures during COVID-19
Slide 61: Fight Against Climate Change
FIGHT AGAINST CLIMATE CHANGE REDUCTION OF GREENHOUSE GAS EMISSIONS 100% renewable electricity by 2025 Define a roadmap for greenhouse gas emission by the 2022 Annual General Meeting 61
Slide 62: Governance
GOVERNANCE
Slide 63: Your Board of Directors in 2020
YOUR BOARD OF DIRECTORS IN 2020 Pierre Vareille Chairman of the Board of Directors
Slide 64: Your Board of Directors in 2020
YOUR BOARD OF DIRECTORS IN 2020 COMPOSITION 13 MEMBERS 45 % WOMEN 4 NATIONALITIES 45 % INDEPENDENT 12 MEETINGS 99.3 % RATE OF ATTENDANCE DIRECTORS • In accordance with the AFEP-MEDEF Code, Directors who represent the employees are not taken into account when assessing the ratio of Independent Direct
Slide 65: Your Board of Directors in 2020: Activities
YOUR BOARD OF DIRECTORS IN 2020 ACTIVITIES • Closing of the accounts, review • Design of the Long-Term Strategy • Evaluation of the Board of the quarterly results, approval composition and performance • Definition and review of for the Group safeguard measures against of the annual budget • Update o
Slide 66: Your Board of Directors in 2020: Specialized Committees
YOUR BOARD OF DIRECTORS IN 2020 SPECIALIZED COMMITTEES AUDIT REMUNERATION NOMINATION, GOVERNANCE COMMITTEE COMMITTEE AND CSR COMMITTEE Maëlys Castella Candace Matthews Elizabeth Bastoni Elizabeth Bastoni Edouard Bich Maëlys Castella Candace Matthews Jake Schwartz Vincent Bedhome Marie-Aimée Bich-Duf
Slide 67: Audit Committee's Report
AUDIT COMMITTEE’S REPORT Maëlys Castella Chair of the Committee 67
Slide 68: Main Activities of the Committee
Meetings in 2020 Attendance Rate MAIN ACTIVITIES OF THE COMMITTEE 6 100% • Group’s Internal Control and Audit findings • Review of treasury arrangements including liquidity, banking arrangements and FX Hedging Policy Candace Matthews Maëlys Castella, Independent Independent • In the context of the C
Slide 69: Remunerations Committee's Report
REMUNERATIONS COMMITTEE’S REPORT Elizabeth Bastoni Chair of the Committee 69
Slide 70: Main Activities of the Remuneration Committee
Meetings in 2020 Attendance Rate MAIN ACTIVITIES OF THE REMUNERATION COMMITTEE 4 100% • Level of remuneration for the Chair of the Board and Board members • Level and competitiveness of remuneration for Executive Officers • Criteria for the Chief Executive Officer's annual variable remuneration • Re
Slide 71: Nominations, Governance and CSR Committee's Report
NOMINATIONS, GOVERNANCE AND CSR COMMITTEE’S REPORT Elizabeth Bastoni Chair of the Committee 71
Slide 72: Main Activities of the Nominations, Governance and CSR Committee
Meetings in 2020 Attendance Rate MAIN ACTIVITIES OF THE NOMINATIONS, GOVERNANCE AND 7 100% CSR COMMITTEE • Evaluation of the performance of the Board • Identification of critical areas of development for the Board • Calibration and search of a new Director • Review of the Independence of Directors •
Slide 73: Remuneration Policy
REMUNERATION POLICY Elizabeth Bastoni Chair of the Remuneration Committee 73
Slide 74: Compensation Policy for Directors
COMPENSATION POLICY FOR DIRECTORS NON-EXECUTIVE BOARD MEMBERS • Fixed remuneration only • Set by the Board CHAIRMAN OF THE BOARD • Distinct from the envelope voted by the General Meeting for the remuneration of directors • A new envelope of 600,000 €/year is requested to allow the implementation of
Slide 75: Remuneration Policy for Executive Directors
REMUNERATION POLICY FOR EXECUTIVE DIRECTORS EXECUTIVE OFFICERS GENERAL PRINCIPLES– NO CHANGE Internal Comprehensive Understanding of PRINCIPLES Comparability Consistency and and balanced the rules proportionality Overall analysis Individual Consideration TERMS International (including positioning of
Slide 76: Remuneration Policy for Executive Directors
REMUNERATION POLICY FOR EXECUTIVE DIRECTORS SPECIFIC PRINCIPLES Set by the Board of Directors Reflects the responsibilities of the Executive Corporate Officer in the relevant competitive ANNUAL FIXED REMUNERATION marketplace No change since 2019 ANNUAL VARIABLE REMUNERATION Calculated based on 3 Gro
Slide 77: Remuneration Policy for Executive Directors
REMUNERATION POLICY FOR EXECUTIVE DIRECTORS SPECIFIC PRINCIPLES VARIABLE REMUNERATION STRUCTURE (IN 2020 AND IN 2021) 30 % 25 % INDIVIDUAL OBJECTIVES GROUP NET SALES AND GENERAL ASSESSMENTS No remuneration if objectives are achieved at less than <80 % 25 % ADJUSTED EBIT 20 % WORKING CAPITAL 77
Slide 78: Remuneration of Executive Directors for Fiscal Year 2020
REMUNERATION OF EXECUTIVE DIRECTORS FOR FISCAL YEAR 2020 ANNUAL REMUNERATION STRUCTURE PIERRE VAREILLE GONZALVE BICH JAMES DIPIETRO 100% 51% 38% 49% 62% Fixed remuneration Variable remuneration for fiscal year 2020 78
Slide 79: Remuneration of Executive Directors for Fiscal Year 2020
REMUNERATION OF EXECUTIVE DIRECTORS FOR FISCAL YEAR 2020 VALUATION OF ANNUAL REMUNERATION ELEMENTS FOR 2020 Remuneration Annual fixed Annual variable Achievement of Annual variable Grant of Performance Structure remuneration remuneration for objectives remuneration Shares in 2020 2020 (at target) pa
Slide 80: Remuneration of Executive Directors for Fiscal Year 2020
REMUNERATION OF EXECUTIVE DIRECTORS FOR FISCAL YEAR 2020 EQUITY RATIO* Average Remuneration Median Remuneration 2018 2019 2020 2018 2019 2020 Chair of the Board of 3 5 6 5 8 9 Directors CEO 38 49 57 55 71 81 Executive Vice- 27 29 32 39 42 45 President The change in ratios compared to 2019 is explain
Slide 81: Evolution of the Board in 2021
EVOLUTION OF THE BOARD IN 2021 Pierre Vareille Chairman of the Board of Directors John Glen Director 81
Slide 82: Evolution of the Board in 2021
EVOLUTION OF THE BOARD IN 2021 GOVERNANCE John Glen* Elizabeth Bastoni Non-Executive Chairman by interim** Lead Director by interim** Recruitment of a new independent non-executive Chairman underway *: mandate subject to renewal for one year **: The Non-Executive Chairman by interim and the Lead Ind
Slide 83: Evolution of the Board in 2021: Renewal of Mandates
EVOLUTION OF THE BOARD IN 2021 RENEWAL OF MANDATES Renewal of the appointment of Renewal of the appointment of Renewal of the appointment of the company M.B.D. represented by Marie-Aimée John Glen Edouard Bich Bich-Dufour as Director for one year as Director as Director 83
Slide 84: Renewal of the Mandate (One Year)
RENEWAL OF THE MANDATE (ONE YEAR) JOHN GLEN • Co-opted Independent Director on December 10, 2008; ratified by BIC’s AGM on May 14, 2009 • Group Finance Director at Air Liquide until 2008; Vice-Chair of the Supervisory Board of EFRAG for 4 years • Chief Executive Officer of Bucdeuch from November 200
Slide 85: Renewal of the Mandate
RENEWAL OF THE MANDATE MARIE-AIMEE BICH-DUFOUR • Director of SOCIÉTÉ BIC since May 22, 2019 • Group General Counsel until February 1, 2016, and responsible of BIC's Sustainable Development program until 2018. • Executive vice-president of SOCIÉTÉ BIC and Secretary of the Board of Directors until Mar
Slide 86: Renewal of the Mandate of Societe M.B.D.
RENEWABLE OF THE MANDATE OF SOCIETE M.B.D. • Represented by Mr. Edouard BICH • Director since May 24, 2006 • Nationality: French Member of the Audit Committee Expertise : Investment , Finance 86
Slide 87: Composition of the Board of Directors Following 19 May 2021 Board Meeting
COMPOSITION OF THE BOARD OF DIRECTORS FOLLOWING 19 MAI 2021 BOARD MEETING * John Glen Gonzalve Bich Président non Exécutif Directeur Général Elizabeth Bastoni Vincent Marie-Aimée Timothée Bich Maëlys Administratrice Référente Bedhome Bich-Dufour Castella Marie –Pauline Inna Kostuk Candace Matthews J
Slide 88: Annual General Shareholders' Meeting
ANNUAL GENERAL SHAREHOLDERS’ MEETING 19 May 2021 88