Slide 1: First-quarter 2023 sales
First-quarter 2023 sales April 20, 2023
Slide 2: Key highlights
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Slide 3: Q1 2023 highlights
Q1 2023 highlights • Strong start to the year with same-day sales up +10.1% • Solid trends in all geographies • Positive volumes in both North America and Europe • Favorable pricing environment • Electrification and energy transition remain important growth drivers • Electrification products (22% of
Slide 4: Q1 2023 sales review
Q1 2023 sales review
Slide 5: Reported sales up +12.6% in Q1 23
Reported sales up +12.6% in Q1 23 +1.0% €4,928m +10.1.% +0.5% €4,434m +0.7% €4,377m Actual-day evolution: +11.1% Q1 2022 Forex Scope* Q1 2022 comparable Organic Calendar Q1 2023 same-day * Positive contribution from acquired companies more than offset impact of disposals Acquisitions included Horizo
Slide 6: Q1 2023 sales boosted by Europe & North America
Q1 2023 sales boosted by Europe & North America Same-day sales growth by geography Group +10.1% Europe (51% Group sales) 4,928 North America Asia Pacific (42% Group sales) (7% Group sales) +12.7% 4,377 +8.7% 2,526 +1.3% 2,072 2,285 Q1 22 Q1 23 329 1,765 328 Q1 22 Q1 23 Q1 22 Q1 23 Q1 22 Q1 23 NB: Sa
Slide 7: Volume growth driven by electrification in Europe and backlog execution in North America
Volume growth driven by electrification in Europe and backlog execution in North America Rexel Group Europe North America +31.2% +11.5% +10.1% +22.2% +6.4% +7.1% +7.2% +7.5% +4.5% +5.1% +4.6% +5.7% +3.1% +6.0% +4.3% +4.1% +2.8% +3.4% +2.3% +1.3% +2.8% +0.5% +0.6% -2.4% -0.1% -0.5% Q1 Q2 Q3 Q4 Q1 Q2
Slide 8: Pricing environment remains favorable
Pricing environment remains favorable Price increases on non-cable (yoy var.) Historical copper price evolution 10,000 9,000 Q1 23 avg. = 8,351 H1 22 avg. = 8,913 +9.1% +9.2% +9.0% 8,000 €/ton +7.2% +6.6% +6.6% +5.2% +3.6% H2 22 avg. = 7,761 7,000 +2.3% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 6,000 Mar-22 Apr-22
Slide 9: Europe: Capturing sustainable electrification trends
Europe Capturing sustainable electrification trends +12.7% Q1 2023 SD sales growth Our performance • Customer service returned to normal in most countries, in a context of improving product availability at suppliers • By country: • Strong growth recorded in Germany, Benelux and Sweden • Market share
Slide 10: Europe: Solid electrification momentum driving sustainable growth
Europe Solid electrification momentum driving sustainable growth Photovoltaic solutions Electrical Vehicle charging stations CAGR CAGR +26% +32% • Evolution of new solar • Evolution of number of capacity installed charging points 2022 2025 2022 2025 Source: Solar EU, Government data, Eurostat Source
Slide 11: North America: Driven by project execution & industry
North America Driven by project execution & industry +8.7% Q1 2023 SD sales growth Our performance • United States: • Growth in Commercial & Industrial markets, offsetting pockets of weakness in Residential & base effect in the Southeast • U.S. Postal Service contract for the supply of up to 41,500
Slide 12: North America: Resilient and diversified end-markets
North America Resilient and diversified end-markets • Broadly diversified backlog with no market segment greater than 20% • Exposure to several resilient markets including utility, hospitals, education, infrastructure, environmental services, entertainment … • Many of those markets directly or indir
Slide 13: Outlook
a world of energy Outlook
Slide 14: 2023 guidance confirmed
2023 guidance confirmed Leveraging our transformation and enhanced efficiency, we target for 2023: Same-day sales growth An adjusted EBITA1 Free cash flow of between 2% and 6% margin of between conversion2 above 60% c. 6.3% and 6.7% at comparable scope of consolidation and exchange rates 1. Excludin