SHAREHOLDERS’ NEWSLETTER VIVESCIA INDUSTRIES 2022-2023 Vision(s) for 2030 Christoph Büren President of Sicom* IVESCIA Industries performed this year to keep pace with our Our fundamentals are Vslightly ahead of budget growth – at ARD, at Délifrance in strong, and after four last year. Our fundamentals Romans-sur-Isère, at NEALIA, and of years of intense effort, are strong, and after four years of course at Malteurop, with our new intense effort, we have turned the malting plant in Mexico. We’ve also we have turned the business around, despite all manner successfully launched various new business around, despite of economic crises. I’m acutely aware initiatives, such as the 昀椀rst dedicated all manner of economic of just how far we’ve progressed, marketplace for artisan bakers, crises. […] It’s time to especially given the particularly created by Grands Moulins de Paris. turbulent and unstable conditions. start writing the next So, on behalf of the governance Our teams’ energy and drive will be chapter in the VIVESCIA teams of VIVESCIA Cooperative and key to taking this positive dynamic Industries story. VIVESCIA Industries, I would like to forward into the future. Our road thank Olivier Miaux, our operational map is based on strong performance, managers and all our colleagues, organic growth and our vision(s). for their constant engagement, Our number-one priority is to enthusiasm and drive. ensure our performance and pro昀椀t levels match those of our but with an increasingly challenging I’ve seen them demonstrate this competitors and the best in class economic environment in 2023/2024. enthusiasm and energy throughout in our competitive ecosystem. This is already visible, with beer the year with the completion of We can still further improve our consumption slowing worldwide and numerous projects, through our operational excellence, and there consumer spending lacklustre across meetings, inaugurations and on trips, is even more value still to capture the board in Europe. And then of such as when we travelled to Munich within our portfolios of products and course there are interest rates, which in April 2023 with our cooperative services. To me, that’s good news, have soared up, quadrupling in less and institutional shareholders. We even though we, like all the companies than a year and impacting the way we have expanded our industrial and in our sector, are going to have to manage our debt. logistics facilities cope not only with very high in昀氀ation, 02 03