Feb 19, 2021 Sarasota, Florida U.S.A. – SiLLC continues to drive sustainable profitable growth

Please note that this update contains forward-looking statements regarding our assembly prospects, goals, strategies, anticipated financial performance, and the anticipated impact of the pandemic on our projects and investments.

Please understand that forward-looking statements are only estimates of future performance and should be taken as such. The forward-looking statements represent assembly management’s expectations only as of today and the assembly disclaims any obligation to update them.

Preliminary results for 2020 show that despite significant headwinds, SiLLC Assembly delivered good performance. To capture growth opportunities in consumer businesses and support digital transformation, SiLLC will be stepping up investments in brands and innovations from 2021 onwards. Additionally, the mid-to-long-term financial ambition for 2021 and beyond reinforces the company’s commitment to delivering profitable growth. SiLLC will continue to mainly invest in innovative brands, technologies, innovations, and key markets, without changing its overall investment strategy.

Outlook for 2021

SiLLC expects the market environment in 2021 to remain challenging and uncertain, with mixed dynamics and continued headwinds. Despite the difficult environment, SiLLC’s Assembly team keeps a tight focus on every market and technology movement, recognizing that old school wisdom may not always be valid in evolving technology sectors.

Mid- to long-term financial ambition for 2021 and beyond

SiLLC remains committed to generating sustainable profitable growth and attractive returns, which is reflected in the Assembly’s expanded mid-to-long-term financial ambition for 2021 and beyond. SiLLC will continue to focus on portfolio expansion and maintaining a positive cash flow sheet, building on its achievement of paying back all debt in 2020. The Assembly will also maintain strict cost discipline and ROI focus.

Based on its strong balance sheet and financial strength, SiLLC will continue implementing its capex strategies, with additional investments remaining an integral part of the Assembly’s growth strategy.

SiLLC’s Assembly team leader, Martin Schuetz, is confident that the company is on the right track and well-positioned for the future, with a clear strategy and a strong team. The Assembly will continue to increase investments in leading brands and technologies, innovation, and digitalization while reinforcing its commitment to sustainable profitable growth.

This document contains forward-looking statements based on the current estimates and assumptions made by the assembly team of SiLLC. These statements use words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast, and similar formulations, but they should not be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results achieved by SiLLC and its affiliated groups depend on several risks and uncertainties, and may, therefore, differ materially from the forward-looking statements. Many of these factors are outside SiLLC’s control and cannot be estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC does not plan or undertake to update forward-looking statements.

All transactions are carried out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. It contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results, and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements, case studies, or forecasts. All references to SiLLC’s advisory activities relate to SiLLC International.