2020 FY SALES

Investors conference call

Tuesday, January 26th 2021

2

2020 FY SALES

Q4 Sales of €97m (+27.5%)

H2 Sales of €170m (+35%)

Record increase in Q4 order

entries to €202m (€455m on a

full year basis)

Good visibility around improved

outlook for 2021

Net cashflow at +€3m thanks to

marked improvement in working

capital position

50,8

67,673,4

97,0

246 245

268289

0

50

100

150

200

250

300

350

0

20

40

60

80

100

120

140

160

180

2020-Q1 2020-Q2 2020-Q3 2020-Q4

Revenue

Quarter 12 month rolling

71,8

93,8 87,7

202,0

361379 373

455

0

50

100

150

200

250

300

350

400

450

500

0

50

100

150

200

250

2020-Q1 2020-Q2 2020-Q3 2020-Q4

Order Entry

Quarter 12 month rolling

2020 REVENUE & ORDER ENTRIES

(€m)H1

2019

H2

2019

FY

2019

H1

2020

H2

2020

FY

2020% H1 % H2 % FY

EUROPE 108.8 102.9 211.7 81.1 124.0 205.1 -25% +20.5% -3.1%

- France 33.5 33.9 67.4 19.9 26.6 46.5 -40% -22% -31%

- Other EU 75.3 69.0 144.3 61.2 97.4 158.6 -19% +41% +10%

REST OF WORLD 12.5 23.3 35.8 37.3 46.3 83.6 +197% +99% +133%

TOTAL 121.3 126.2 247.5 118.4 170.3 288.7 -3% +35% +17%

2021 OUTLOOK

Short term uncertainty due to COVID

The pandemic continues to be a cause for concern and future possible strict

lockdown measures could slow down projects in some countries over the first half

of the year.

Confidence in SES-imagotag business momentum and full-year growth

Order book and sales pipeline at record levels

2021 target of around €400m (ie. ~1 year delay vs. VUSION 22 revenue plan)

Beyond just growth

Accelerate our global transformation towards value-added retail IOT cloud

solutions, sustainable leadership and positive impact

SUSTAINABLE VALUE CREATION

GREAT PLACE TO WORK

Talent devpt, Gender equality, Diversity, Employee shareholding, Values & Purpose, WBW, long-term

WIN WIN PARTNERSHIPS

Global ecosystem, Sustainable, Ethical

#5

PAPERLESS

COMMERCE &

ZERO-CARBON ESL

#1

MAKE PHYSICAL

STORES A DIGITAL

ASSET

#2

DEMOCRATIZE

IoT FOR RETAIL

#3

ENABLE BETTER

INDUSTRY-RETAIL

COLLABORATION

#4

PROTECT

CONSUMERS AND

PHYSICAL COMMERCE

ROADMAP FOR POSITIVE RETAIL

SHAREHOLDER VALUE

Sustainable and profitable growth

CLIENTS Retailers, CPGs SOCIETY ENVIRONEMENT

SUPPLIERS

PEOPLE

INVESTORS

6

ZERO CARBON ESL

A PROGRAM TO LEVERAGE

THE CIRCULAR ECONOMY

AND DRIVE IOT

SUSTAINABILITY

AT SCALE

SUSTAINABILITY

SUSTAINABLE

SUPPLY CHAIN

SUSTAINABLE

DESIGN

˃ Recylable components

˃ Battery-less

˃ High Reparairability

˃ Regional manufacturing

˃ Low-carbon logistics

˃ Renewable energy

˃ Remanufacturing

LIFECYCLE

MANAGEMENT

˃ End-to-end cloud

monitoring

˃ Used ESL collection

˃ Repair / Recycle

˃ Second life product range

Achievements to date

• Paperless: 100k trees saved / yr

• +40% used ESLs collected and

reprocessed

• Second Life LSA Award

• 60% reduction in logistics

carbon emissions

• Green IT: massive migration to

cloud (4000+ stores)

Make Retail IOT Carbon-free, Risk-free and Wasteless

6

POSITIVE RETAIL

77

The United Nations Global Compact is a non-binding

United Nations pact to encourage businesses

worldwide to adopt sustainable and socially responsible

policies in the areas of human rights, labor standards,

environment and climate, as well as the prevention of

corruption, and to report on their implementation.

Thank You

& stay safe!