Universal Registration Document 2019

1.1  / Appropriation of earnings We propose that last year’s profits of €47,199,320 be allocated as follows: In € profits for the financial year of 47,199,320.74 plus retained earnings in the amount of 100,492,103.43 i.e. a distributable profit 147,691,424.17 which we propose be allocated as follows: • to shareholders, as dividends, the sum of €0.46 per share, which will be paid on May 5, 2020 (*) 24,892,585.82 • remainder to be carried forward, i.e. 122,798,838.35 (*) The dividend for the shares held by the Company as treasury shares will be deducted from this amount. The dividend for each share amounts to €0.46. The value of the dividend eligible for 40% deduction, as referred to in Article 158‑3‑2° of the French General Tax Code, is €0.46. We also note that the dividend payouts per share, in euros, were as follows: Nominal value of the share Dividends per share Financial year ended 12/31/16 2.00€ 0.45€ Financial year ended 12/31/17 2.00€ 0.48€ Financial year ended 12/31/18 2.00€ 0.44€ Please note that dividends are paid out ninemonths after year end, and the time limit after which dividend entitlement lapses is five years, effective from the date when dividends were agreed. 1.2  /  Outlook for 2020 Upstream dividend payments from our various subsidiaries and the maintenance of Group royalties should allow LISI S.A. to continue its policy of supporting its divisions and ensuring that dividends are paid out to its shareholders. 1.3  /  Financial risks related to the effects of climate change The risks are detailed in chapter 4 “CSR”. 1.4  /  Internal audit repository Information about internal control is discussed in Chapter 5 - Risk factors. 1.5  /  Supplier and customer terms of payment In the tables below, you will find details of the terms of payment for suppliers and customers concerning LISI S.A. operating invoices: Invoices received and issued at year-end that are past due (amounts in thousands of euros): Article D. 4411.-1: Invoices received and not paid at year-end which are overdue Article D. 4411.- 2: Invoices received and not paid which at year-end which are overdue 1 to 30 days 31 to 60 days 60 to 90 days 91 days or more Total (1 day or more) 1 to 30 days 31 to 60 days 60 to 90 days 91 days or more Total (1 day or more) (A) LATE PAYMENT PERIODS Number of invoices in question Total amount of invoices affected excl. VAT 79.15 29.66 4.80 113.61 109.00 38.69 147.6 Percentage of the total amount of purchases excl. VAT for the year 1.97% 0.74% 0.12% 2.84% Percentage of sales revenue excl. VAT for the period 1.09% 0.39% 1.47% (B) INVOICES EXCLUDED FROM (A) RELATING TO DISPUTED AND UNRECORDED DEBTS AND RECEIVABLES Number of invoices excluded Total amount of excluded invoices (C) REFERENCE TERMS OF PAYMENT USED (CONTRACTUAL OR STATUTORY PERIOD - ARTICLE L.441‑6 OR ARTICLE L.443‑1 OF THE FRENCH COMMERCIAL CODE) Terms of payment used to calculate late payments • Statutory terms: 30 days end of month +15 • Statutory terms: 30 days end of month +15 79 LISI 2019 UNIVERSAL REGISTRATION DOCUMENT Company financial statements 3