WIXLIB

THIRD QUARTERANDNINE MONTHS 2019RESULTSOctober 23, 2019

9M HIGHLIGHTS &CATEGORY SPOTLIGHTSGonzalve BICH2

9 MONTHS 2019 KEY MESSAGESContinuedchallengingtradingenvironmentQ3 2019impacted bythe deteriorationof the U.SLighters marketand softStationeryNet SalesMaintaining orgrowingmarket sharein mostgeographiesExecution of« BIC 2022Invent theFuture »plan on track3

Q3 & 9M 2019 FINANCIAL PERFORMANCENet SalesChange on acomparative basisNormalized IFOMarginNormalized EPSQ3 2019Q3 2019Q3 2019488.0 M -0.5%88.0 M 18.0%1.48 9M 20199M 20199M 20191,448.2 M -1.2%241.1 M 16.6%3.93 Net CashPosition9M 2019118.7 M 4

Category SpotlightsStationeryLightersShaversNet salesNet salesNet salesQ3204.3 M - 1.7 %*Q3161.9 M - 4.2 %*Q3114.9 M 7.0 %*9M605.1 M - 3.0 %*9M481.6 M - 3.2 %*9M339.4 M 5.1 %*NIFO marginNIFO marginNIFO marginQ314.5 M 7.1 %Q354.3 M 33.5 %Q320.8 M 18.1 %9M48.7 M 8.0 %9M159.6 M 33.1 %9M37.0 M 10.9 % Soft Back-to-School seasons in both U.S.and Mexico. Successful performance in e-commerce,and in Gel and Permanent Markersegments High level of superstockists’ inventories inIndia*On a comparative basis Further deterioriation in the U.S.Lighters’ market during Q3 Distribution gains and success ofvalue-added and new products inEurope Positive impact of price adjustmentsin Europe Strong performance in US one-piecemarket, driven by the female segment Market share gains in Brazil Successful product premiumizationtowards the three-blade in both Braziland Mexico5

CONSOLIDATED RESULTSJim DIPIETRO6

Q3 & 9M 2019NET SALES EVOLUTIONIn million eurosQ32019Net SalesQ3 2018Q3 2019Changeas reported479.5488.0 1.8%FX impact*(in points) 2.7Argentinaimpact***(in points)(in points)Change ona comparativebasis***(0.2)(0.2)(0.5)%Change inPerimeter**Argentinaimpact***(in points)(in points)Change ona comparativebasis***(0.7)(0.1)(1.2)% 13.0 M :USDBRLAUDMXNRUB UAHINRCADJPYOthers9M2019Change inPerimeter**In million eurosNet Sales9M 20189M 2019Changeas reported1,438.81,448.2 0.7%In M 8.3 1.7-0.2 0.7 0.9 0.6 0.5 0.2 0.3FX impact*(in points) 2.7 36.7 M :(*) Forex impact excluding Argentinian Peso (ARS)(**) Haco Industries Ltd and BIC Sport(***) See glossary page 28USDBRLAUDMXNINRZARCADRUB UAHOthersIn M 31.7-1.2-0.5 4.5 0.9-0.8 1.3 0.9-0.17

Q3 and 9M 2019KEY COMPONENTS* OF NORMALIZED INCOME FROM OPERATIONS MARGIN16.1% 0.1Q3 2018 Normalized* IFOmarginChange in cost ofproduction 0.8 1.018.0%Q3201918.4%-2.09M 2018 Normalized* IFOmarginChange in cost ofproductionTotal brand support-0.6OPEX and other expenses Q3 2019 Normalized* IFOmargin 0.816.6%9M2019*Key Normalized Components - See glossary page 28Total brand supportOPEX and other expenses 9M 2019 Normalized* IFOmargin8

9M 2019FROM NIFO TO GROUP NET INCOME9M 20189M 2019265.3241.1-31.9Cello goodwill impairment in 201868.7-Argentina hyperinflationary accounting (IAS29)0.3In million eurosNormalized* IFORestructuring costs (transformation plan)IFO196.3209.25.12.8Income before Tax201.4212.0Income tax expense(77.9)(59.4)Effective tax rate28.1%28.0%Normalized* Net Income Group share196.4177.3Net Income Group share123.5152.6Normalized* EPS Group Share4.303.93EPS Group Share2.703.39Finance revenue/costs(*) See glossary page 289

WORKING CAPITALDecember 2018September 2019Total Working Capital621.2684.8Of which inventories449.2492.5Of which Tradeand other receivables534.7553.6(137.7)(227.1)In million eurosOf which Tradeand other payablesINVENTORIES IN DAYS184178187September 2018 December 2018 September 2019RECEIVABLES IN DAYS74September201867December201879September201910

NET CASH POSITIONIn million eurosOperations 250.3(20.6)(67.9)(155.2)161.5(39.2)Net CashFrom Operating activities 229.7 M (2.4)(7.8)118.7December 2018 Operating cashChange inNet Cashflowworking capitalPositionand othersCAPEXDividendpaymentShare buyback Haco industriesacquisitionOthersSeptember 2019Net CashPosition11

LOOKING AHEADGonzalve BICH12

2019 OUTLOOK*NET SALESNORMALIZED IFO MARGINWe expect Group Net Salesto be between flat and -2.0%on a comparative basisWe expect Normalized IFO marginto be in the lower end of the 16.5%to 18% range(*) See 11-OCT-2019 Press Release on FY19 Outlook Adjustment13

THIRD QUARTERAND NINE MONTHS2019 RESULTS

APPENDIX

9M 2019NET SALES BY GEOGRAPHY9M Net Sales- 1.2% on a comparative 2.7%16

9M 2019 NET SALES BREAKDOWNBY CATEGORYBY GEOGRAPHY2%Other ing markets33%Lighters40%North America17

STATIONERYMARKET PERFORMANCES AND BIC’S MARKET SHAREEurope market (in value)U.S. market (in value)0.6% 0.1%BIC marketshare 0.4 ptsBIC marketshare-0.2 pts0.2%-1.2%Dec 2018Aug 2019 YTDDec 2018September2019 YTDSource: In value - EU7 GFK AUG-2019 - 60% coverage (France, UK, Germany, Italy, Spain, Belgium, Greece) / U.S. NPD YTD SEPT-2019 - 95% coverage18

SHAVERSUS Market Performances and BIC’s Market ShareBIC’s Market Share Change - One Piece Segment (in value)Off-line Market Sales (in value)2.83.0-1.6%-2.2%-3.1% -2.9%-3.8% 2.01.91.40.71.00.91.9 2.10.90.0-6.9%-1.0-8.2%-0.5-0.5-0.2-0.5-0.8Q1 2018Q2 TotalQ1 2019Q2 2019RefillableQ3 20192017Q3 2018BIC Market Share change - YTDQ4 2018Q1 2019Q2 2019Q3 2019BIC Market Share change - 13 weeksOne-pieceSource: IRI total market YTD ending 29 September 2019 – coverage 87%19

Q3 and 9M 2019 NET SALESMAIN EXCHANGE RATE EVOLUTION VS. EUROAverage rates% of salesQ3 2018US Dollar39%1.16Brazilian Real8%4.60Mexican Peso6%Argentina Peso1%Canadian dollar% of salesQ3 2019 % of changeAverage rates9M 2018 9M 2019 % of change 4.6%US Dollar39%1.191.12 6.3%4.40 4.5%Brazilian Real7%4.304.36-1.5%22.0821.58 2.3%Mexican Peso6%22.7621.63 5.2%37.4455.75-32.9%Argentina Peso1%29.9949.88-39.9%3%1.521.49 1.9%Canadian dollar3%1.541.46 5.5%Australian dollarSouth African -1.9% 0.7%Australian dollarSouth African ZarIndian Rupee3%81.6478.24 4.3%80.2378.81 1.8%Non-Euro European countries9%Indian RupeeNon-Euro European countries3%10.24-3.1% 0.4% 0.1%1%Sweden1.11Russia76.2310.6671.76PolandBritish Pound4.300.894.320.9010.40-2.4% landBritish Pound4.250.884.300.88-1.2%20

GROUP QUARTERLY FIGURESQRestated forIAS 29Restated for IFRS 15In million eurosQ1 17Q2 17Q3 17Q4 17FY 17Q1 17Q2 17Q3 17Q4 17FY 17Q1 18Q2 18Q3 18Q4 18FY 18Q1 19Q2 19Q3 19Net 0YoY actual changes0.0% 5.6%‐5.0%‐2.4%‐0.3%‐12.2%‐9.2% 1.6% 2.7%‐4.5%0.0% 0.2% 1.8%YoY changes on a constantcurrencies basis*‐4.1% 3.6%‐2.2% 3.9% 0.5%‐3.0%‐3.1% 5.1% 5.4% 0.9%‐1.1%‐1.5%‐0.5% 3.9%‐0.9% 5.9% 1.4%‐1.5%‐2.3% 5.2% 5.4% 1.5%‐2.0%‐1.3%‐0.5%YoY changes on a malized .6118.777.087.1352.454.698.588.0IFO lized IFO 7%19.6%16.7%21.8%16.1%17.0%18.1%13.1%18.1%18.0%Net Income Group 8.622.252.749.8173.439.350.363.0EPS Group .491.151.093.800.871.111.40(*) See glossary page 2821

GROUP QUARTERLY FIGURES BY GEOGRAPHYRestated forIAS 29Restated for IFRS 15In million eurosQ1 17Q2 17Q3 17Q4 17FY 17Q1 17Q2 17Q3 17Q4 17FY 17Q1 18Q2 18Q3 18Q4 18FY 18Q1 19Q2 19Q3 19EuropeNet 570.0124.3176.1138.0121.4559.7122.8167.9143.5YoY actual changes 2.3% 4.4% 2.9% 0.1% 2.7%‐5.5%‐2.8% 0.2% 1.5%‐1.8%‐1.2%‐4.6% 4.0%YoY changes on a comparativebasis* 2.3% 4.8% 6.4% 6.5% 4.9%‐0.4% 1.7% 2.9% 2.9% 1.8% 2.4%‐1.3% 6.2%North AmericaNet 765.6161.8227.5196.9YoY actual changes‐5.6% 2.4%‐8.9%‐3.1%‐3.5%‐13.2%‐7.0% 6.2% 4.5%‐2.7% 4.4% 1.1% 0.3%YoY changes on a comparativebasis*‐9.2% 0.7%‐4.5% 5.8%‐1.7%‐0.1%‐0.7% 5.5% 1.4% 1.4%‐2.2%‐2.4%‐3.4%Developing marketsNet 624.5130.8149.4147.6YoY actual changes 4.7% 11.7%‐6.7%‐3.2% 1.3%‐16.5%‐18.7%‐2.6% 1.9%‐8.8%‐4.0% 4.6% 1.7%YoY changes on a comparativebasis*‐3.2% 7.9%‐2.2% 5.6% 2.2%‐3.8%‐8.5% 7.1% 10.7% 1.5%‐5.8% 0.3%‐2.9%(*) See glossary page .722

STATIONERYRestated forIAS 29Restated for IFRS 15In million eurosQ1 17Q2 17Q3 17Q4 17FY 17Q1 17Q2 17Q3 17Q4 17FY 17Q1 18Q2 18Q3 18Q4 18FY 18Q1 19Q2 19Q3 19Net 804.2151.8249.5200.2170.4771.9148.3252.5204.3YoY actual changes‐2.2% 9.8%‐1.3%‐3.3% 1.5%‐8.3%‐6.8% 2.9%‐3.3%‐4.0%‐2.3% 1.2% 2.0%YoY changes on a constantcurrencies basis*‐5.1% 8.3% 1.2% 2.4% 2.3%0.0%‐1.7% 6.7% 0.6% 1.2%‐1.8%‐0.6% 0.1% 9.1% 2.6% 4.6% 3.4% 2.0%‐1.4% 6.8% 0.6% 1.7%‐5.8%‐2.3%‐1.7%YoY changes on a ized 45.462.81.832.314.5IFO 3%‐12.6%5.1%‐1.5%‐1.8%1.2%8.7%6.2%Normalized IFO .3%15.0%5.2%3.2%8.1%1.2%12.8%7.1%(*) See glossary page 2823

LIGHTERSRestated forIAS 29Restated for IFRS 15In million eurosQ1 17Q2 17Q3 17Q4 17FY 17Q1 17Q2 17Q3 17Q4 17FY 17Q1 18Q2 18Q3 18Q4 18FY 18Q1 19Q2 19Net 707.4152.7165.0163.8204.3685.8149.7169.9161.9YoY actual changes 4.7% 4.7%‐5.8% 0.6% 1.1%‐11.3%‐11.5% 2.8% 7.7%‐3.1%‐2.0% 3.0%‐1.1%YoY changes on a constant currencybasis*‐0.5% 2.0%‐2.3% 7.9% 2.0%‐0.7%‐4.5% 5.8% 9.0% 2.4%‐4.7% 0.7%‐3.9%‐1.7% 8.2% 2.2%‐0.5%‐4.5% 5.8% 9.0% 2.4%‐5.5%‐0.1%‐4.2%YoY changes on a comparativebasis*Q3 563.358.366.5242.546.649.352.6Normalized 63.358.370.9247.046.658.754.3IFO alized IFO 9%39.2%35.7%38.4%35.6%34.7%36.0%31.1%34.5%33.5%(*) See glossary page 2824

SHAVERSRestated forIAS 29Restated for IFRS 15In million eurosQ1 17Q2 17Q3 17Q4 17FY 17Q1 17Q2 17Q3 17Q4 17FY 17Q1 18Q2 18Q3 18Q4 18FY 18Q1 19Q2 19Q3 19Net 459.497.0113.5104.4123.1438.0109.0115.5114.9YoY actual changes‐2.9% 1.6%‐7.9%‐1.9%‐2.7%‐15.9%‐8.0% 0.2% 5.7%‐4.7% 12.4% 1.8% 10.1%YoY change on a constant currencybasis*‐7.7%‐0.9%‐5.1% 4.8%‐2.2%‐6.0%‐0.3% 4.1% 9.2% 1.7% 11.3% 0.8% 7.4%YoY change on a comparable basis*‐7.7%‐0.9%‐5.1% 4.8%‐2.2%‐6.0%‐0.3% 4.1% 9.2% 1.7% 10.0%‐0.7% 16.910.48.843.77.71.619.6Normalized 910.510.345.47.78.420.8IFO d IFO 6%13.1%7.9%14.9%10.1%8.4%10.4%7.1%7.3%18.1%(*) See glossary page 2825

OTHER PRODUCTSRestated for IFRS 15In million eurosNet SalesYoY actual changesYoY changes on a constant currencybasis*YoY changes on a comparativebasis*Q1 17Q2 17Q3 17Q4 17FY 17Q1 17Q2 17Q3 17Q4 17FY 17Q1 18Q2 18Q3 18Q4 18FY 18Q1 19Q2 19Q3 4%‐4.3% .4‐1.6‐1.3‐1.7Normalized (*) See glossary page 2826

CAPITAL AND VOTING RIGHTSAs of September 30, 2019, the total number of issued shares of SOCIÉTÉ BICis 46,010,907 shares, representing: 67,594,876 voting rights 66,584,956 voting rights excluding shares without voting rightsTotal number of treasury shares held at the end of September 2019: 1,009,920.27

GLOSSARYConstant currency basis Constant currency figures are calculated by translating the current year figuresat prior year monthly average exchange rates.Organic change At constant currencies and constant perimeter. Figures at constant perimeter excludeor Comparative basis the impacts of acquisitions and/or disposals that occurred during the current yearand/or during the previous year, until their anniversary date.All Net Sales category comments are made on a comparative basis. Organic changealso excludes Argentina Net Sales for both 2018 and 2019Gross profit Is the margin that the Group realizes after deducting its manufacturing costs.Normalized IFO Normalized means excluding non-recurring items.Normalized IFO margin Normalized IFO as a percentage of Net Sales.Net cash from operating activities Principal revenue-generating activities of the entity and other activitiesthat are not investing or financing activities.Net cash position Cash and cash equivalents Other current financial assets- Current borrowings- Non-current borrowings (except financial liabilities following IFRS16 implementation.28

DISCLAIMERThis document contains forward-looking statements. Although BIC believes its estimatesare based on reasonable assumptions, these statements are subject to numerous risksand uncertainties.A description of the risks borne by BIC appears in section “Risks and Opportunities”of BIC “Registration Document” filed with the French financial markets authority (AMF)on March 20, 2019.29

THIRD QUARTERANDNINE MONTHS 2019RESULTSOctober 23, 2019

9M 2019 FROM NIFO TO GROUP NET INCOME In million euros 9M 2018 9M 2019 Normalized* IFO 265.3 241.1 Restructuringcosts(transformat