LISI GROUP - Integrated report 2022

INTERVIEW Emmanuel Neildez CEO, LISI AEROSPACE s AIMING FOR EXCELLENCE In your opinion, what were 2022’s highlight moments? Last year confirmed the recovery of the European aerospace market, where demand for single-aisle aircraft is growing very sharply, and this has a direct positive impact on us given our positions in this segment. As far as engines are concerned, the increase in production rates already observed in 2021 on the Leap program accelerated in 2022. Growth also returned to the helicopter and military markets. The economic recovery also affects non-engine activities. Indeed, this was first very clear in Europe, particularly for the structural components manufactured for the A320Neo, then in the US. On the other side of the Atlantic, recovery is affecting the market in a more transversal manner, it is not tied to any specific program. Boeing’s activity is still relatively weak due in particular to problems related to the 737 Max, the 787 and the delay in the first deliveries of the 777x. But the activity of the major subcontractors remains sustained, which seems to indicate that all the players are anticipating an increase in production rates at Boeing, even if this is not yet effective. Sales to China, which were virtually halted in 2021 and for much of 2022, also seem to be picking up. It is still too early at this stage to say whether the local certification of Comac devices, in particular the C919, will have an impact on sales. In any case, LISI AEROSPACE remains very well positioned on these civil programs for fasteners. LISI AEROSPACE 59 LISI – 2022 INTEGRATED REPORT