LISI GROUP - Integrated report 2021

(in €’000) 12/31/2021 12/31/2020 OPERATING ACTIVITIES NET PROFIT (LOSS) 44,362 (37,544) Elimination of net expenses not affecting cash flows: - Depreciation, amortization and non-recurring financial provisions 95,667 116,917 - Changes in deferred taxes 4,035 (21,249) - Income on disposals, provisions for liabilities and others (12,623) 49,609 GROSS CASH FLOW MARGIN 131,441 107,732 Net change in provisions associated with ongoing operations (2,472) 4,036 OPERATING CASH FLOW 128,969 111,768 Income tax expense elimination 12,237 13,927 Elimination of net borrowing costs 4,635 4,734 Effect of changes in inventory on cash (28,270) 9,504 Effect of changes in accounts receivable and accounts payable 11,611 59,364 NET CASH PROVIDED BY OR USED FOR OPERATIONS BEFORE TAX 129,181 199,296 Tax paid (9,104) (12,580) CASH PROVIDED BY OR USED FOR OPERATING ACTIVITIES (A) 120,077 186,718 INVESTMENT ACTIVITIES Acquisition of consolidated companies (67,602) 0 Acquired cash 405 0 Acquisition of tangible and intangible fixed assets (66,637) (73,427) Change in granted loans and advances (272) 2,394 TOTAL CASH USED FOR INVESTMENT ACTIVITIES (134,106) (71,033) Divested cash (24) (2,913) Disposal of consolidated companies 5,802 3,705 Disposal of tangible and intangible fixed assets 705 802 Disposal of financial assets (877) 5 TOTAL CASH FLOWS FROM DISPOSALS 5,605 1,599 CASH PROVIDED BY OR USED FOR INVESTMENT ACTIVITIES (B) (128,500) (69,434) FINANCING ACTIVITIES Capital increase 1 0 Dividends paid to Group shareholders (7,437) 0 Dividends paid to non-controlling interests in consolidated companies 0 (452) TOTAL CASH FLOWS FROM EQUITY TRANSACTIONS (7,436) (452) New long-term borrowings 76,673 11,508 New short-term borrowings 85,375 66,856 Repayment of long-term loans (25,584) (29,420) Repayment of short-term loans (142,777) (144,105) Net interest expense paid (4,635) (4,734) TOTAL CASH FLOWS FROM LOANS AND OTHER FINANCIAL LIABILITIES (10,949) (99,895) CASH PROVIDED BY OR USED FOR FINANCING ACTIVITIES (C) (18,385) (100,347) Effect of change in foreign exchange rates (D) 5,178 (3,955) Effect of adjustments in treasury shares (D)* 2,3 (5,352) CHANGES IN CASH (A+B+C+D) (21,428) 7,629 Cash at January 1 (E) 236,163 228,533 Cash at year-end (A+B+C+D+E) 214,736 236,163 Cash and cash equivalents 215,870 242,144 Short-term banking facilities (1,133) (5,981) CLOSING CASH POSITION 214,736 236,163 Statement of consolidated cash flows 86 — LISI – 2021 INTEGRATED REPORT Value Breakdown