LISI GROUP - Integrated report 2020

3 _ STRATEGIC VISION A plan to prepare for the future The COVID-19pandemic has had anunprecedented impact for LISI. After ensuring the safety and healthof employees, reorganizing working and communication methods andpreserving cashflow in order to remain agile, theGroup is looking to the future. The strategic brainstorming initiated in June 2020 by LISI within the Management Committee made it possible to draw up an adaptation plan to new market conditions. Called NEW DEAL, it reflects the need for LISI to rethink its organization and its mode of governance. It should also enable the Group to anticipate events in order to emerge stronger from the crisis. The strategic plan, which covers the period 2021-2024, brings together and coordinates all the structuring initiatives conducted within the framework of the action plans already deployed in the Group, monitors their implementation and measures the results. Adapting to new market conditions Its development will be articulated in three main phases. The first one, focused on restarting activity, was completed in 2020. The second one, which concerns the resizing of the Group for it to adjust to new market conditions, is scheduled for 2021. The third one, which covers the period 2021-2024, will be devoted to the strategic repositioning of LISI, with a detailed analysis of the product portfolio and the conditions for its resilience. NEW DEAL