Sogeclair

Consolidated 2020 1st quarter turnover

Blagnac, France, May 06^th 2020-5.35 pm,

Montreal, Canada

Consolidated 2020 1^st quarter turnover: - 3.8% 
At constant exchange rate*: - 4.6%

SOGECLAIR, designer and manufacturer of innovative high added-value solutions for the mobility, announces today its turnover for the 2020 1^st quarter, ending on March 31^st 2020. The reduction of activity is linked to the COVID-19* and the turnover decreases by 3.8% and 4.6% at constant exchange rate.
* The change variations over the period represent €0.3M against €1.1M at 2019.

By division	Turnover (€M) Q1-2020	Turnover (€M) Q1-2019	Variation as %
Aerospace      At constant exchange rate	33.9 33.6	37.3 37.3	-9.0% -9.9%
Simulation     At constant exchange rate	9.2 9,2	7.1 5.6	+29.5% +29.6%
Vehicle	0.1	0.6	-76.2%
Total	43.3	45.0	-3.8%
International	24.6	25.8	-4.7%

Aerospace division (78.3% of the turnover against 82.8% at Q1 2019): restated from the base effects linked to the exchange rate and Brexit, the decrease of activity is limited to 7.4%, it is related to the COVID-19 impact which has caused a strong slowdown from mid-March 2020.

Simulation division (21.3% of the turnover against 15.8% at Q1 2019): pursues its sustained growth at +29.5%. All sectors, automobile, rail and defense, are progressing.

Vehicle division (0.3% of consolidated turnover against 1.4% at Q1 2019): restated from the intragroup activities, the turnover diminishes by 29%. The division faces a low period in military countermine programs.

By geographical area	2020 (€M)	Impact on Turnover (as %)	Evolution (as %)
France	18.7	43.2%	-2.7%
Europe	13.2	30.6%	-3.3%
America	9.5	21.8%	-4.2%
Asia-Pacific