CIR S p A Compagnie Industriali Riunite : FY | 20202020 Annual report

CIR S.p.A. Report on operations and financial statements at 31 December 2020

Contents

• Corporate Bodies

• Notice of annual general meeting

• Letter to shareholders

11 Report on operations

11 1. Key figures

1. 2. Performance of the group

1. 3. Performance of the parent

1. 4. Reconciliation of the parent's figures with the consolidated figures

1. 5. Performance of the business segments

1. 6. Financial investments

1. 7. Impact of Covid-19 on the business

1. 8. Events after the reporting period

1. 9. Outlook

1. 10.Other information

31 Consolidated financial statements

37 Notes to the consolidated financial statements

1. Certification of the consolidated financial statements pursuant to art. 154-bis,paragraphs 3 and 4, of Legislative Decree n. 58 of 24 February 1998
2. Separate financial statements

129 Notes to the separate financial statements

1. Certificationoftheseparatefinancialstatementspursuant to art. 154-bis, paragraphs 3 and 4, of Legislative Decree n. 58 of 24 February 1998
2. List of equity investments at 31 December 2020

187

199

Report of the statutory auditors

Report of indipendent auditors

CIRS.p.A.

Registered office: Via Ciovassino, 1 - 20121 Milano - T+ 39 02 722701

Share Capital € 638.603.657 - Chamber of commerce no. 1950090

Milan Company Register/ Tax Code / VAT no. 01792930016

The Company is subject to management and coordination by F.LLI DE BENEDETTI S.p.A. Registered office in Rome: Via del Tritone, 169 - 00187 Roma - T+39 06 692055.1

Corporate Bodies

at 31 December 2020

BOARD OF DIRECTORS

Honorary Chairman	CARLO DE BENEDETTI
Chairman	RODOLFO DE BENEDETTI (*)
Chief Executive Officer	MONICA MONDARDINI (*)
And General Manager
Directors	PHILIPPE BERTHERAT (1)
	MARISTELLA BOTTICINI (2)
	EDOARDO DE BENEDETTI
	FRANCO DEBENEDETTI
	MARCO DE BENEDETTI
	PAOLA DUBINI (2)
	SILVIA GIANNINI (1) (2)
	PIA HAHN MAROCCO (2)
	FRANCESCA PASINELLI (1) (2)
	MARIA SERENA PORCARI (1) (2) (3)
Secretary to the Board	MASSIMO SEGRE

BOARD OF STATUTORY AUDITORS

Chairman	FRANCESCO MANTEGAZZA
Standing Statutory Auditors	MARIA MADDALENA GNUDI
	GAETANO REBECCHINI
Alternate Statutory Auditors	ANTONELLA DELLATORRE
	LUIGI MACCHIORLATTI VIGNAT
	GIANLUCA MARINI

INDEPENDENT AUDITORS

KPMG S.p.A.

Report pursuant to the recommendation in Consob communication DAC/RM/97001574 of 20 February 1997

1. Powers as per Corporate Governance

1. Member of the Appointments and Compensation Committee
2. Member of the Control and Risk Committee
3. Lead Independent Director