LSI Segment Divestment slide image

LSI Segment Divestment

Bioscience Market Solid demand across all customer groups COVID-19 shutdowns caused reduced demand in Q2 from academic and research institutes, followed by recovery to pre-COVID- 19 levels in Q3 and Q4 Pandemic created some supply chain challenges (raw materials supply and increased global freight costs) Lonza Operations All sites remained operational through pandemic and new raw material sources and alternative freight channels have been identified to buffer COVID-19 impacts in 2021 Satisfactory organic growth rates in 2020 and a return to strong growth in testing, (after a flat 2019) Review of commercial operations to focus on best-fit markets and planned digital investments will deliver an enhanced customer experience and improved operational efficiency Financial Performance¹ High single-digit sales growth across 2020 (driven by Media and MODA) Strong margin improvement was driven by operation efficiency 2021 forecast of low double-digit sales growth, supported by digital investment, innovation and strong customer relationships 1 Comparison versus 2019 at a constant exchange rate (CER) 26 26
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