LISI GROUP - Integrated report 2020

LISI — 2020 INTEGRATED REPORT 31 Appropriate governance A specific Governance Committee has been set up to oversee the entire plan. Clustered around an Executive Committee which brings together the directors of each of the divisions and of the finance and purchasing functions, this committee supervises the entire plan, defines the objectives and guiding principles and serves as arbitrator. A team of project leaders conducts the plan operationally and coordinates actions in the field. 2020-2024: a three-phase roadmap Restarting • Cash flow management • Adequacy of resources with the level of activities (shared work and fixed costs slashing) • Use of available aid mechanisms (grants, various subsidies, etc.) Resizing • Adjust to new market conditions • Adapt the industrial tool by aligning investments with activity forecasts • Optimize working capital requirements and preserve the cash flow Repositioning • Strengthen the strategic positioning • Improve resilience • Review the product portfolio • Assess external growth opportunities 2020 Very short term 2021 Short –medium term 2024 Medium– long term