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A group underpinned by a stable shareholder base guided by a long-term strategy.

EXEL Industries is a French industrial group 84% owned by the Ballu family, which founded the Group in 1952. The family draws on its wide-ranging expertise to roll out a long-term investment policy.

A geographically diversified group whose business activities follow different cycles, thereby minimizing the associated risk

The Group has employees in 33 countries and operates in three markets:

• The agricultural market, supplying agricultural sprayers, sugar beet harvesting equipment and field-based logistics vehicles
• The industry market, supplying paint spraying equipment, bonding solutions and technical hoses
• The consumer market, supplying watering equipment, hand-held garden sprayers, thermal weeders and composters

A strong innovation capacity

• 335 registered patent families
• No. 3 patent filer with INPI in the SME category for 2021
• Skills center system for developing synergies between platforms/production sites and share R&D costs
• EXXACT Robotics acting as a gateway between start-up mindset and family SME approach

Barriers to entry

• Capital-intensive industry heavily dependent on R&D
• Global presence required in order to support customers

Sound balance sheet

• Leverage = 2.7x
• Gearing (debt-to-equity ratio) of 38%
• Limited and under control debt
• Self-financed growth