#1INVESTOR PRESENTATION January 2021 1 SOMFY#2J 3 #22 2 JO "J SOMFY OVERVIEW Investor Presentation 2021 2 SOMFY#3| BACKGROUND ■ Growing aspiration of people throughout the world to enjoy safe, healthy and environmentally friendly living spaces ■ Confirmation of the importance of comfortable and responsible housing underlined by the pandemic and climate change ■ Addressing the need for comfort, security and efficiency (energy, etc.) by developing ◉ innovative and connected solutions for residential and commercial buildings Commitment to making the solutions as widely accessible as possible thanks to the wide-ranging portfolio of brands and products, and to the breadth and depth of the distribution network #Inspiring a better way of living accessible to all 3 SOMFY#4I | PROFILE Global leader in opening and closing automation for both residential and commercial buildings (motors, remote controls, sensors, control panels) Addressing the residential and commercial construction and renovation markets Compatible with all major existing installations, i.e. blinds, shutters, interior solutions (screens, curtains, solar protection, etc.) and access (automatic barriers, gates, doors, etc.) • Extension to security systems (alarms, cameras, videophones, etc.) • Can be integrated and used in home automation protocols Pioneer in the digitalisation of living spaces and key player in the connected home 4 SOMFY#5| 50 YEARS OF INNOVATION AND PARTNERSHIPS MOTORISATION AUTOMATION DIGITALISATION 1969 1987 1st TV campaign 1st subsidiary 2016 2019 2020 1981 1998 2006 2010 2015 2016 1st automation Push-Pull model RTS io somecontrol ILMO, 1st Smart & Smooth Somfy Connexoon Protect Smart ILÔ by Somfy Window 1st "all in one" security plug&play motor, 1st TaHoma service Innovations Industrial performance Partnerships 1980 1985 2000 EXPERT Somfy. 2006 Opening of SITEM facility 2007 box 2014 Opening of SOPEM facility somfy. (3240 APPEL LOCAL D'UN FIXE ASSISTANCE somfy. 2010 1990 2000 5 2015 2018 Rumilly "factory of the future " 2018 So Open with Somfy. 2020 SOMFY#6| LONG-TERM GROWTH 1 600,0 1 400,0 1 200,0 1 000,0 800,0 600,0 400,0 200,0 +4.8% (1) Sales growth H +6.2% (2) +7.1% (2) 0,0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 ■Group sales ■Dooya 6 (1) Average growth over the period (2) Average proforma growth over the period including Dooya sales in 2018 & 2019 SOMFY#7| LONG-TERM PROFITABILITY 250 200 Change in current operating profit and current operating margin +€88.5m (+76.1%) between 2005 and 2019 25,0 20,0 150 100 yuu|| 50 Change in consolidation scope 0 Economic crisis Increase in capex and overheads 15,0 10,0 5,0 0,0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Current operating result (€ m) Current operating margin (COR/Sales) in % Dooya not included in 2018 & 2019 7 SOMFY#8| INDUSTRIAL FOOTPRINT France Somfy - Cluses (production site and research centre) Simu - Gray (production site and test centre) Poland Sopem - Kraków (production site) Italy Bft - Schio (production site) Way - Galliera (production site) Tunisia Sitem - Zaghouan (production site) 8 China Dooya - Ningbo (production site) LianDa - Zhejiang (production site) SOMFY#9| MARKETS Multitude of growth drivers • Demand for comfort and security Awareness of climate and energy issues • Widespread adoption of motors and automation • Increased usage due to the boom in connected objects • Growth of new industrialised countries Synergies between the various distribution channels. Diversity of competitor profiles 9 SOMFY#10| MARKETS (continued) Americas 11% of the global motorisation market 37% 63% EMEA 68% of the global motorisation market 63% 37% Individual housing Asia-Pacific 21% of the global motorisation market Collective housing 26% New build Renovation 10 74% ☐☐ Commercial buildings ☐☐ Parking SOMFY#11| MARKETS (continued) Fields of activity Core Verticals Stretching ENTERTAINMENT OUTDOOR Garden Swimming pool HOME CONTROL APPLIANCES PARTNERS INDOOR Light Thermostat Air quality TERRACE WINDOW Exterior applications WINDOW Interior applications ACCESS SURVEILLANCE ACCESS MNGT Visiophone Awning Rolling Shutter EVB Blinds Curtains Gate opener Camera Alarm FRONT DOOR Pergola Screen Smart Window Garage door Fire Alarm Doorlock 11 SOMFY#12| MARKETS (continued) Potential of the interior motorisation market AMERICAS 34 m 2 m EMEA 58 m 1.3 m End products Motors A GROWING MARKET 13% average growth rate between 2010 & 2018 12 ASIA 65 m 2.7 m SOMFY#13| MARKETS (continued) Potential of the home automation (smart home) market 49.5 m North America Europe Average growth rate ($): +24.8% p.a. 22.3 m 2018 2023 الله 13 Average growth rate (€): +23.4% p.a. 12.9 m 36.8 m 2018 2023 SOMFY#14| MARKETS (continued) Ta Homa® ALARMS 8% of homes fitted with 1 alarm HEATING 10% of homes fitted with 3 products LIGHTING 34% of homes fitted with 5 light sources SENSORS 29% of homes fitted with 4 sensors GARAGE 13% of homes fitted with 1 motor CURLED ^ 511,977 SOMFY CONNECTED HOUSEHOLDS GATE 9% of homes fitted with 1 motor ROLLER SHUTTERS 77% of homes fitted with 8 motors EXT. VERTICAL BLINDS 10% of homes fitted with INTERIOR BLINDS 6% of homes fitted with 4 motors TERRACE & PATIO 19% of homes fitted with 2 motors EXT. VENETIAN BLINDS 13% of homes fitted with 4 motors 6 motors 14 SOMFY#15| CUSTOMERS AND PARTNERS ZURFLÜH- FELLER YESTERDAY ECHO investment Somfy nexity YKK atlantic amazon alexa GROUPE ар HomeKit bouyer leroux legrand Gaviota Simbac HunterDouglas Schneider Electric IFTTT Danfoss Google Assistant WIŚNIOWSKI STELLA.Group roma VELUX Window & Door Partners Handle Shutter & Awning Partners & KA Removing effort Motors Comfort and security Home automation & IT Partners Energy Efficiency & Air Quality Exterior & Interior automation thanks to radio control system Exterior & Interior remote management thanks to connectivity 15 TODAY SOMFY#16J 3 #22 2 JO "J SUSTAINABLE DEVELOPMENT 16 Investor Presentation 2021 SOMFY#17| CORE OF THE GROUP'S STRATEGY 4 cornerstones of sustainable development ENGAGEMENT OF OUR EMPLOYEES CONSUMER CARE BETTER WAYS OF LIVING FOR SOCIETY ENVIRONMENTAL IMPACT REDUCTION ENVIRONMENTAL IMPACT REDUCTION ENGAGEMENT OF OUR EMPLOYEES BETTER WAYS OF LIVING FOR SOCIETY CONSUMER CARE ETHICS AND REGULATIONS PERMEATE THESE FOUR CORNERSTONES. 17 17 SOMFY#18| ENVIRONMENTAL IMPACT REDUCTION GREEN PRODUCTS Taking action with the eco-design of our products and prioritising materials and components with low greenhouse gas emissions Adopting the principles of the circular economy GREEN OPERATIONS Producing and distributing solutions with a lower environmental impact Green End-of-life WE ACT FOR GREEN Green Design ACT FOR GREEN Green Products Green Suppliers Green Manufacturing Green Operations Green Offices CARBON FOOTPRINT x Green Distribution GREEN TEAMS Introducing environmentally friendly practices in the workplace Green Teams Green practices and behaviours 18 GREEN BENEFITS Helping to reduce our collective carbon footprint thanks to solutions and products that help optimise and reduce the energy consumption of residential and commercial buildings SOMFY#19| ENVIRONMENTAL IMPACT REDUCTION: 2019 KEY FIGURES 50% of Somfy products on sale worldwide at 1 January 2020 were eco-designed 61 Somfy product ranges are certified "Act for Green®" compared with 17 in 2018 , 7.2% in 2 years reduction in CO2 emissions related to the electricity consumption of Somfy brand motors on standby 88% of IT equipment was reused in 2019, with 12% recycled 19 SOMFY#20| BETTER WAYS OF LIVING FOR SOCIETY FONDATIONĴ SOMFY MIEUX HABITER ENSEMBLE Supports charities to help combat poor housing, thanks to two levers for action in France and internationally. PEOPLE Involving people and adding meaning through an employee engagement programme - during working hours in France and internationally. - Up to 3 days per year and with the option of getting involved in 6 different ways: projects, during holidays, workshops, talents, challenges and volunteering during retirement FINANCE International financial endowment Crowdfunding platform in France les petites pierres Joue 20 20 650 employees involved in France and internationally in 2019, as part of 87 projects SOMFY'#21| BETTER WAYS OF LIVING FOR SOCIETY (continued) les petites pierres Doubling of donations to support access to decent housing through community crowdfunding €3,413,603 311 donated to charities projects supported 14,900 91% donations success rate Condation Schneider Electric Through our partners FONDATION BTP + Sous l'égide de la Fondation de France VALFIDUS 21 21 SOMFY#22J 3 #22 2 JO "J FOCUS ON 2020 HY RESULTS Investor Presentation 2021 222 22 SOMFY#23BUSINESS CONTINUITY PLANNING (COVID-19) Rapid rollout of a set of measures to deal with the crisis and balance the safety of employees with business continuity Operations Implementation of a remote working system Temporary suspension of production at certain sites Development of a safety protocol (individual and collective measures) Workforce Signing of an agreement between management and the trade union delegations on the taking of paid leave Safeguarding of all jobs until the end of June Finance Reduction of the dividend proposed in relation to the 2019 financial year 23 SOMFY#24HIGHLIGHTS New structure and new Executive Committee introduced in early January Abrupt change in environment and reversal of trend midway through the half-year due to the health crisis Suspension of operations at several manufacturing sites in late March and gradual restart early April Massive rollout of remote working from mid-March to late June for suitable roles Launch in late June of an integrated remote surveillance and alarm solution (llô by Somfy) Pursue of the recovery seen at the end of the first half-year during the third quarter with unexpected intensity and strength in spite of the second lockdown 24 24 SOMFY#25KEY FIGURES Sales: €568.9m (-7.5%) Current operating margin 18.0% (-70 bps) Net profit: €80.9m (-11.3%) Cash flow: €117.7m (+0.2%) Net financial surplus: €325.6m (+€15.1m compared with 31/12/2019) 25 SOMFY#26| SALES Data in € millions 30/06/18 30/06/19 30/06/20 Sales 586.1 615.1 568.9 Change 2020/19 -7.5% +2.7% 615.1 +4.9% -7.5% 586.1 568.9 20 Q2 332.0 315.4 +2.1% +5.3% 277.6 -16.4% -7.2% like-for-like June +19.9% -20.3% May Q2 2020 Change on a like-for-like basis Strong growth in January and February in most markets Almost universal downturn in mid- March due to the severity of the health crisis Spectacular fall in April, followed by a change of course in May and a significant upturn in June in many countries Peak of the crisis at one of the key points of the year (awnings season) 10 Q1 270.7 +3.5% 283.1 +4.6% 291.3 +2.9% -45.4% April H1 2018 H1 2019 H1 2020 26 SOMFY#27| SALES (continued) -9.3% North America -3.3% Northe Europe Central Europe (of which German +6.7% (+8.1%) -17.2% France -22.1% -16.3% Latin America Squthering Europe Eastern Europe +19.7% -13.6% Africa & the Middle East Changes on a like-for-like basis (constant scope and exchange rates) Total -7.2% 27 27 -10.3% Asia-Pacific 1-3.8% Dooya Central and Eastern Europe held up very well Fairly marked decline in the other regions, but all returned to growth by the end of the half-year, except Latin America Sharp decline of Dooya at the start of the year and subsequent recovery due to the significance of China and Asia SOMFY#28| CURRENT OPERATING RESULT Data in € millions 30/06/19 30/06/20 Change 2020/19 Sales 615.1 568.9 -7.5% Current operating result 114.9 102.6 -10.7% Current operating margin (COR/Sales) 18.7% 18.0% -70 bps COR/Sales 18.7% 114.9 COR/Sales 18.0% COR/Sales 18.0% 1.7 4.3 25.7 0.1 17.4 2019 H1 COR Sales growth Impact of margin on variable costs 102.8 102.6 Impact of cost savings Impact of investment maintained Impact of Depreciation and provisions 2020 H1 COR like- for-like 2019 Forex impact 2020 H1 COR 28 Decline in current operating result slightly higher than fall in sales Implementation of measures in response to the crisis, resulting in a control of salaries and a reduction in commercial costs and overheads Current operating margin maintained at a high level (COR/Sales: 18.0%) SOMFY#29| CONDENSED INCOME STATEMENT Data in € millions 30/06/19 30/06/20 Change 2020/19 Sales 615.1 568.9 -7.5% Current operating result 114.9 102.6 -10.7% Non-recurring operating items (0.7) (0.8) N/S Net financial expense (1.9) (4.0) -109.0% Income tax (22.5) (18.3) -18.6% Share of net profit from associates 1.3 1.4 N/S Consolidated net profit 91.2 80.9 -11.3% 29 Expected but contained decline in current operating result Limited impact of non-recurring and financial operating items Knock-on decrease in income tax Decline, albeit limited, in net profit SOMFY#30| UPDATE ON DOOYA Data in € millions 30/06/19 30/06/20 Change 2020/19 Sales* 89.2 84.9 -4.8% First quarter 43.0 35.1 -18.2% Second quarter 46.2 49.8 +7.7% Data in € millions Sales* 30/06/19 89.2 30/06/20 84.9 Change 2020/19 -4.8% EBITDA 7.4 7.9 +6.3% EBITDA/Sales Net profit 8.3% 9.3% +100 bps 1.9 2.0 +6.0% * Including €87.4 million with customers outside the Group as of 30 June 2019 and €83.2 million as of 30 June 2020 30 Slight fall in sales, thanks to a sharp upturn in the second quarter, after a severe decline in the first quarter due to the progression of the health crisis in China and Asia The main expense items were contained as a result of the actions taken in recent months, leading to a slight increase in EBITDA and net profit SOMFY#31| CONDENSED BALANCE SHEET Data in € millions 30/06/19 31/12/19 30/06/20 Equity 939.6 1,012.8 1,044.4 Long-term borrowings 54.8 45.0 49.2 Provisions and retirement commitments 38.2 39.1 40.8 Financial ratios preserved Other non-current liabilities 16.3 17.5 17.6 Permanent capital 1,048.8 1,114.5 1,152.0 Goodwill 95.4 95.6 94.5 Net non-current assets 337.0 340.7 337.7 Investments in associates and joint 134.2 136.5 137.0 ventures Other non-current receivables 26.8 26.0 23.6 Working capital 455.3 515.6 559.2 Decrease in working capital requirements compared to last year, due to the effects of the crisis (destocking and lower invoicing) Stability of net financial surplus (net of liability corresponding to dividends payable) Working capital requirements 225.6 159.8 184.1 Cash and cash equivalents* 229.7 355.8 375.2 Net financial debt (174.7) (310.5) (325.6) * Item includes the current portion of financial liabilities 31 SOMFY#32J 3 #22 2 JO "J FOCUS ON 2020 Q3 SALES 2 32 Investor Presentation 2021 SOMFY#33| SALES Data in € millions Q3/20 Δ like-for-like 30/9/20 like-for-like Central Europe 73.7 +14.0% 200.6 +9.3% Northern Europe 44.4 +32.0% 114.8 +7.8% North America 32.6 +27.2% 82.0 +2.8% Latin America 5.1 +11.9% 13.3 -7.0% Total North & West 155.7 +21.3% 410.6 +6.9% France 100.4 +26.7% 248.4 -3.8% Southern Europe 37.4 +34.5% 88.1 -5.1% Africa & the Middle East 18.7 +27.1% 45.4 +0.1% Eastern Europe 38.1 +34.5% 97.2 +25.1% Asia-Pacific 18.0 -0.2% 47.5 -6.7% Total South & East 212.6 +26.4% 526.6 +0.4% Total 368.3 +24.2% 937.2 +3.1% 33 Continuation, with unexpected intensity and strength, of the recovery seen at the end of the first half-year Continued improvement throughout July, August and September Particularly strong growth in Eastern and Northern Europe, as well as Southern Europe, North America and France, some of the regions hardest hit at the peak of the pandemic SOMFY#34J 3 #22 2 JO "J FOCUS ON 2020 M&A 34 Investor Presentation 2021 SOMFY#35ACQUISITION OF A MAJORITY STAKE IN REPAR'STORES (1/2) • • Repar'Stores, the French market leader for roller blind repairs and upgrades services FY 20 Sales: €28.5 m (+ 21,7% over the past two financial years) 190 franchisees in France repar'stores Réparation et modernisation de volets roulants Acquisition of a 60% majority stake in the share of Repar'Stores An equity investment effective since the start of January 2021 An additional option regarding the remaining shares (ends in 2026) Somfy 35 SOMFY#36ACQUISITION OF A MAJORITY STAKE IN REPAR'STORES (2/2) A MAJORITY EQUITY INVESTMENT IN LINE WITH AMBITION 2030, THE 10- YEAR STRATEGIC PLAN AND WHICH AIMS AT repar'stores Réparation et modernisation de volets roulants strengthening Somfy's positioning in the services sector strengthening Somfy's commitment to sustainable development supporting Repar’stores in its European 7 expansion somfy. 36 SOMFY#37J 3 #22 2 JO "J 2030 AMBITION VISION Investor Presentation 2021 37 SOMFY#38| STRATEGIC FRAMEWORK 2030 AMBITION THE PREFERRED PARTNER FOR WINDOW AND DOOR AUTOMATION 1 Forward-looking in Smart Living Supporting the transformation of the building industry Safeguarding market share while anticipating changing demands Pursuing the policy of developing partnerships to build a strong ecosystem Creating homes that combine comfort, well-being and safety with a responsible approach 3 • . • Delivering performance Drafting a new roadmap to capture opportunities Strengthening the Somfy brand portfolio and image Placing operational excellence at the heart of the strategy Reducing the environmental footprint for greater corporate responsibility Rising value to customers Forward-looking In Smart Living 2 Delivering performance 4 Inspiring & Engoging 38 Rising value to customers Putting customers at the centre of the organisation Accelerating the digitalisation of core business products Developing high value added services Anticipating and satisfying customers' habits new • . • • Inspiring & Engaging Focusing on a single vision "One Somfy, One Team" and a collective commitment Supporting the development of in-house talents and offering stimulating careers and career development opportunities Fostering inclusion through diverse recruitment Making teams performance drivers SOMFY#39| BUSINESS LINE – A NEW SEGMENTATION TO MANAGE THE PRODUCT RANGES - - Core business Strengthen leadership in the core business. Innovate, develop brands, digitalise ranges and strengthen partnerships to deliver an increasingly diverse and high-performance offering customers. * Exterior Applications* Interior Applications* EMEA residential access Including patios, controls and sensors to Accelerators Optimise the value proposition and business performance. Capture opportunities and anticipate risks. Smart windows Doorlock Add-ons Develop alternative revenue streams. Gain market share and adopt a positioning that promotes the new vision. Security (Europe) Urban Road Systems & Parking Management Smart Home + Overkiz Building controls Air quality (Thermostat) Lighting management Swinging shutters Industrial and commercial closing systems Window opener (Mingardi) Projection screens Services 39 SOMFY#40J 3 #22 2 JO "J Investor Presentation 2021 OUTLOOK FOR THE 2020 FINANCIAL YEAR 40 40 SOMFY#41OUTLOOK FOR THE YEAR Improved confidence in the Group's fundamentals and the Ambition 2030 transformation project, notably as a result of the lessons learnt from the pandemic (further demonstration of the importance of the digitalisation of homes and commercial buildings, as they are vehicles for comfort and energy performance) Continuation over the third quarter of the recovery seen at the end of the first half-year, with unexpected intensity and strength Outlook for the full financial year of sales increase and a recovery in current operating margin, under the combined effect of activity growth and exceptional and one-off cost savings, related to the measures implemented at the start of the pandemic 41 11 SOMFY