LISI GROUP - Integrated report 2022

Cash flow (in €’000) 12/31/2022 12/31/2021 OPERATING ACTIVITIES NET PROFIT (LOSS) 56,729 44,362 Elimination of net expenses not affecting cash flows : – Depreciation and non-recurrent financial provisions 97,029 95,667 – Changes in deferred taxes 8,552 4,035 – Income on disposals, provisions for liabilities and others (7,489) (12,623) GROSS CASH FLOW 154,821 131,441 Net changes in provisions provided by or used for current operations 3,065 (2,472) OPERATING CASH FLOW 157,886 128,969 Income tax expense (revenue) 11,998 12,237 Elimination of net borrowing costs 5,029 4,635 Effect of changes in inventory on cash (68,177) (28,270) Effect of changes in accounts receivable and accounts payable 39,921 11,611 NET CASH PROVIDED BY OR USED FOR OPERATIONS BEFORE TAX 146,657 129,181 Taxes paid (12,916) (9,104) CASH PROVIDED BY OR USED FOR OPERATIONS (A) 133,742 120,077 INVESTMENT ACTIVITIES Acquisition of consolidated companies (67,602) Cash acquired 405 Acquisition of tangible and intangible fixed assets (110,553) (66,637) Change in granted loans and advances (1,096) (272) TOTAL INVESTMENT FLOWS (111,649) (134,106) Divested cash (24) Disposal of consolidated companies 5,802 Disposal of tangible and intangible fixed assets 884 705 Disposal of financial assets (877) TOTAL CASH FROM DISPOSALS 884 5,605 CASH PROVIDED BY OR USED FOR INVESTMENT ACTIVITIES (B) (110,764) (128,500) FINANCING ACTIVITIES Capital increase 1 Dividends paid to shareholders of the Group (15,418) (7,437) TOTAL CASH FROM EQUITY OPERATIONS (15,418) (7,436) Issuance of long-term loans 89,728 76,673 Issuance of short-term loans 2,105 85,375 Repayment of long-term loans (3,552) (25,584) Repayment of short-term loans (166,234) (142,777) Net interest expense paid (5,029) (4,635) TOTAL CASH FROM OPERATIONS ON LOANS AND OTHER FINANCIAL LIABILITIES (82,982) (10,949) CASH PROVIDED BY OR USED FOR FINANCING ACTIVITIES (C) (98,400) (18,385) Effect of change in foreign exchange rates (D) (1,363) 5,178 Effect of adjustments in treasury shares (D) (654) 203 CHANGES IN NET CASH (A+B+C+D) (77,440) (21,428) Cash as at January 1 st (E) 21,4736 236,163 Cash at year end (A+B+C+D+E) 137,298 214,736 Cash and cash equivalents 144,149 215,870 Short-term banking facilities (6,851) (1,133) CLOSING CASH POSITION 137,298 214,736 CREATING VALUE 86 LISI – 2022 INTEGRATED REPORT