LISI GROUP - Integrated report 2020

A third unit at Parthenay This new 7,000 m 2 building, inaugurated on January 31, 2020, supports the growth of the Engines department for structural components. It hosts an industrial R&D center to support the production of future compressor blades for Germany’s MTU Aero Engines. It will also house a training center for technicians on high-tech numerically controlled machining centers. This project is part of the skills development plan, in connection with the deployment of the site digitization currently underway. Digital transition trophy LISI AEROSPACE won the Digital Transition Trophy in October 2020 as part of the Factory Trophies organized each year by the Usine Nouvelle weekly. This distinction rewards the work accomplished at the Saint-Ouen-l’Aumône site, with the setting up in 2019 of a portal for specific industrial applications. This portal makes it possible to digitize several phases of the production plan, from real-time problem solving, to the management of training, to the management of absences. The portal and its applications will be deployed across all of the division’s sites. striving to break down their business between the civil or military markets – the latter doing generally better, especially in the US – based on exposure to the two major manufacturers. The division’s fine balance between our client portfolio on the one hand and our business on the other puts us in a favorable position to benefit from the recovery. What are the key upcoming programs? The 777X, the only major new program, is maintained. The market share held by LISI AEROSPACE on this aircraft is significant, particularly on the Safran and General Electric engine. Some of our major clients, on the other hand, have sorted out the research and development programs in progress, prioritizing the key projects in which we are involved. For our part, we have also undertaken an internal selection: the OPTIBLIND TM automated fastening program, which is still in the development and qualification phase, is being maintained, as are the smart latches, or the program for optimizing the manufacturing processes for leading edges (see also p. 35). Some of our projects have also been selected as part of the French government recovery plan, in particular the one concerning the modernization and digital transformation of the production lines of the sites at Bologne in Haute-Marne, and Parthenay in Deux-Sèvres. This modernization plan, supported to the tune of €3 million, will help the company to maintain its key skills. LISI AEROSPACE’s fine balance of client portfolio puts us in a favorable position to benefit fromthe recovery. LISI — 2020 INTEGRATED REPORT 67