Lagardere Sa · EURONEXT:MMB
Lagardere Sa — Shareholder Meeting (May 2026)
101 slides from Lagardere Sa's shareholder meeting presentation, May 5, 2026
Slide 1: Ordinary General Meeting
ORDINARY GENERAL MEETING Tuesday, 5 May 2026 at 9:30 a.m.
Slide 2: Agenda: Summary Presentation
AGENDA SUMMARY PRESENTATION Ordinary General Meeting / 5 May 2026
Slide 3: Resolutions
Ordinary General Meeting / 5 May 2026 RESOLUTIONS 1st to 3rd Approval of the Company's financial statements and the consolidated financial statements for the year resolutions ended 31 December 2025 Allocation of the Company's profit and dividend payment 4th resolution Appointment of Grant Thornt
Slide 4: 2026 General Meeting
2026 GENERAL MEETING Arnaud Lagardère Chairman and Chief Executive Officer of Lagardère SA 5 May 2026
Slide 5: Contents
Ordinary General Meeting / 5 May 2026 CONTENTS 1 2025 key figures 2 Market position, achievements and strategy
Slide 6: 2025 Key Figures: More Than 33,000 Employees Worldwide (1/2)
Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: MORE THAN 33,000 EMPLOYEES WORLDWIDE (1/2) Permanent workforce by gender Lagardère Live 3% 926 employees Women Men Lagardère Publishing 62% 38% 21% 20,671 12,436 7,643 employees Group 64% 36% Lagardère 4,891 2,748 Travel Retail Lagardère Publis
Slide 7: 2025 Key Figures: More Than 33,000 Employees Worldwide (2/2)
Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: MORE THAN 33,000 EMPLOYEES WORLDWIDE (2/2) Permanent workforce by geographic area • Europe (excl. France) 39% 12,977 employees • France 17% 5,651 employees • Asia-Pacific 8% 2,520 employees • Americas 35% 11,612 employees • Africa 1% 352 employ
Slide 8: 2025 Key Figures: Revenue (1/2)
Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: REVENUE (1/2) €9,353m Revenue Lagardère Live 2% €641m Group recurring EBIT Lagardère Publishing €367m 32% CFAIT(1) More than Lagardère Revenue 33,000 Travel Retail by business employees 66% More than 50 countries of operation 542 consolidated s
Slide 9: 2025 Key Figures: Revenue (2/2)
Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: REVENUE (2/2) Breakdown of revenue by geographic area (%)(1) • Europe (excl. France) 43% • United States • France and Canada 21% 26% • Asia-Pacific 5% • Latin America, Middle East and Africa 5% (1) By destination
Slide 10: 2025 Key Figures: Recurring EBIT (1/2)
Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: RECURRING EBIT (1/2) Record performance confirming the relevance of the Group’s long-term strategy (€m) 641 10 000 593 6.9% 700 520 6.6% 9 000 462 600 402 6.4% 5.8% 339 327 342 378 395 417 378 438 8 000 5.2% 399 4.6% 4.5% 4.8% 5.2% 5.3% 5.7% 5.
Slide 11: 2019-2025 Key Figures: Lagardère Publishing
Ordinary General Meeting / 5 May 2026 2019-2025 KEY FIGURES: LAGARDÈRE PUBLISHING Change in revenue (€m) Change in recurring EBIT (€m) 32% +2.7%(1) 2025 revenue 3,001 351 2,748 2,809 2,873 312 2,598 302 301 310 2,384 2,375 246 220 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025
Slide 12: 2019-2025 Key Figures: Lagardère Travel Retail
Ordinary General Meeting / 5 May 2026 2019-2025 KEY FIGURES: LAGARDÈRE TRAVEL RETAIL Change in revenue (€m) Change in recurring EBIT (€m) 66% +4.4%(1) 2025 revenue 6,133 334 5,812 305 5,018 245 4,264 152 136 3,927 (353) (81) 2,290 2019 2022 2023 2024 2025 1,720 2021 2019 2020 2021 2022 2023 2024 202
Slide 13: 2025 Key Figures: Recurring EBIT (2/2)
Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: RECURRING EBIT (2/2) Change in recurring EBIT of Lagardère Publishing and Lagardère Travel Retail 351 334 302 301 310 246 312 220 305 245 152 136 2019 2020 2021 2022 2023 2024 2025 (81) Lagardère Publishing recurring EBIT Lagardère Travel Retai
Slide 14: 2019-2025 Key Figures: Lagardère Live
Ordinary General Meeting / 5 May 2026 2019-2025 KEY FIGURES: LAGARDÈRE LIVE Change in revenue (€m) Change in recurring EBIT (€m) 2% 2025 +1.4%(1) revenue 288 (11) (47) (21) 0 (26) (22) (5) 254 254 257 229 242 219 2019 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 2020 ▪ Lagardère Live
Slide 15: Contents
Ordinary General Meeting / 5 May 2026 CONTENTS 1 2025 key figures 2 Market position, achievements and strategy
Slide 16: Lagardère Publishing
LAGARDÈRE PUBLISHING Market position, achievements and strategy
Slide 17: Lagardère Publishing in Brief
Ordinary General Meeting / 5 May 2026 LAGARDÈRE PUBLISHING IN BRIEF Education Partworks 10% 10% €3,001m No. 3 consumer publishing group worldwide Revenue Other(1) No.1 publishing group in France, 19% General No. 2 in the United Kingdom, Revenue by €312m business Literature No. 3 in the United States
Slide 18: Lagardère Publishing: 2025 Achievements
Ordinary General Meeting / 5 May 2026 LAGARDÈRE PUBLISHING: 2025 ACHIEVEMENTS ▪ Major publishing successes in France (Asterix in Lusitania, The Secret of Secrets by Dan Brown, Un avenir radieux by Pierre Lemaitre, Nicolas Sarkozy’s Le journal d'un prisonnier, Adélaïde de Clermont-Tonnerre’s Je voula
Slide 19: Lagardère Publishing: Strategy
Ordinary General Meeting / 5 May 2026 LAGARDÈRE PUBLISHING: STRATEGY ▪ Strengthening our leadership position in creativity and innovation to build the publishing group of tomorrow for our readers, our authors and our broader stakeholders ▪ Proactively addressing the challenges and opportunities asso
Slide 20: The Audiovisual Market Exceeds €450Bn and Is Growing Rapidly
Ordinary General Meeting / 5 May 2026 THE AUDIOVISUAL MARKET EXCEEDS €450Bn AND IS GROWING RAPIDLY Global trade publishing and audiovisual markets, €Bn Investments in content in 2025 €20Bn +15% €15Bn 460 400 Audiovisual €12Bn €4Bn 120 140 Trade publishing €4Bn 2021 2026e
Slide 21: Book Adaptations Outperform at the Box-Office
Ordinary General Meeting / 5 May 2026 BOOK ADAPTATIONS OUTPERFORM AT THE BOX-OFFICE FILMS from books represent… <10% of the movies produced <10% Share of book adaptations of movies produced, %
Slide 22: Book Adaptations Outperform at the Box-Office
Ordinary General Meeting / 5 May 2026 BOOK ADAPTATIONS OUTPERFORM AT THE BOX-OFFICE FILMS from books represent… <10% ~30-40% of the movies produced of the global box-office top 100 movies <10% 30-40% Share of book adaptations Share of book adaptations of the of movies produced, % global box-office t
Slide 23: Book Adaptations Turn into Prestige Film-Making
Ordinary General Meeting / 5 May 2026 BOOK ADAPTATIONS TURN INTO PRESTIGE FILM-MAKING 98 th Academy Awards - Best Picture Nominations ~5 of the 10 ~40% Best Picture Nominees at the 2026 Oscars are inspired by books of the 2026 César Nominations & Awards are based on books
Slide 24: Series Adapted from Books Consistently Top the Charts
Ordinary General Meeting / 5 May 2026 SERIES ADAPTED FROM BOOKS CONSISTENTLY TOP THE CHARTS ~6 out of the 10 ALL TIME MOST-WATCHED SEASONS of English shows on Netflix
Slide 25: Revenues from Sale of Audiovisual Rights Remain Very Limited - France
Ordinary General Meeting / 5 May 2026 REVENUES FROM THE SALE OF AUDIOVISUAL RIGHTS REMAIN VERY LIMITED - EXAMPLE OF FRANCE Size of the French book publishing market € 3 Bn
Slide 26: Revenues from Sale of Audiovisual Rights Remain Very Limited - France
Ordinary General Meeting / 5 May 2026 REVENUES FROM THE SALE OF AUDIOVISUAL RIGHTS REMAIN VERY LIMITED - EXAMPLE OF FRANCE Size of the French book publishing market Revenues from the sale of audiovisual rights € 3 Bn ~ € 10 M
Slide 27: And Hachette Is No Exception
Ordinary General Meeting / 5 May 2026 AND HACHETTE IS NO EXCEPTION Share of Hachette's global net revenues from audiovisual rights sales, % <1% 2019 2020 2021 2022 2023 2024
Slide 28: Book Publishers Capture Very Little of the Value Created on Screen
Ordinary General Meeting / 5 May 2026 BOOK PUBLISHERS CAPTURE VERY LITTLE OF THE VALUE CREATED ON SCREEN NEGOTIATION OF DEVELOPMENT BOOK AUDIOVISUAL (SCRIPT, CASTING, PRODUCTION DISTRIBUTION PUBLISHING ADAPTATION RIGHTS ETC.) Low share of Low conversion rate Low value of Rights tied up generated rev
Slide 29: Successful Book Adaptations Drive Significant Spikes in Book Sales
Ordinary General Meeting / 5 May 2026 SUCCESSFUL BOOK ADAPTATIONS DRIVE SIGNIFICANT SPIKES IN BOOK SALES Increase in book sales During the 3 months following the release of audiovisual adaptations, compared to the 3 months before release, in units sold + 50 % x 85 x 530
Slide 30: Uniting Two World Leaders in Publishing and Audiovisual Production
Ordinary General Meeting / 5 May 2026 UNITING TWO WORLD LEADERS IN PUBLISHING AND AUDIOVISUAL PRODUCTION
Slide 31: Hachette: A Reservoir of High-Potential Titles
Ordinary General Meeting / 5 May 2026 HACHETTE: A RESERVOIR OF HIGH-POTENTIAL TITLES 100,000+ TITLES with adaptation rights
Slide 32: Hachette: A Reservoir of High-Potential Titles
Ordinary General Meeting / 5 May 2026 HACHETTE: A RESERVOIR OF HIGH-POTENTIAL TITLES ~$500M Cumulative global box-office from live-action movies since 1999
Slide 33: Hachette: A Reservoir of High-Potential Titles
Ordinary General Meeting / 5 May 2026 HACHETTE: A RESERVOIR OF HIGH-POTENTIAL TITLES >$400M Global box-office Sydney Sweeney Amanda Seyfried Brandon Sklenar
Slide 34: Hachette: A Reservoir of High-Potential Titles
Ordinary General Meeting / 5 May 2026 HACHETTE: A RESERVOIR OF HIGH-POTENTIAL TITLES >$25M UK box-office after 1 month of release Andrew Garfield Nicola Coughlan Claire Foy
Slide 35: Canal+: A Global Leader in Audiovisual Production & Distribution
Ordinary General Meeting / 5 May 2026 CANAL+ : A GLOBAL LEADER IN AUDIOVISUAL PRODUCTION & DISTRIBUTION 42M+ 70+ 400M SUBSCRIBERS COUNTRIES ACTIVE USERS EACH MONTH BROADCASTER AND OF ALL THE OF THE BEST BEST SPORT MOVIES & SERIES COMPETITIONS PRODUCER OF 200 MOVIES & 80 SERIES EACH YEAR WITH 23 PROD
Slide 36: Franchise Model: Paddington Has Generated Over €1.5Bn
Ordinary General Meeting / 5 May 2026 FRANCHISE MODEL: PADDINGTON HAS GENERATED OVER €1.5Bn IN GROSS CONSUMER SALES 2014 2017 2019 2021 2022 2023 2024 2025 2027 2029 FILMS €600+M BOX-OFFICE TV SERIES TV - SERIES 9 AWARDS LIVE & FOR THE STAGE MUSICAL CULTURAL EVENTS LICENSING MERCH & RETAIL
Slide 37: A Transformative Partnership to Unleash Audiovisual Potential
Ordinary General Meeting / 5 May 2026 A TRANSFORMATIVE PARTNERSHIP TO UNLEASH THE AUDIOVISUAL POTENTIAL OF HACHETTE’S CATALOGUE A DEDICATED TEAM to develop films and series from Hachette’s most high-potential titles IMPROVED PROFIT-SHARING for Hachette and its authors on screen adaptation revenues
Slide 38: Hachette Studiocanal on Screen
Ordinary General Meeting / 5 May 2026 HACHETTE STUDIOCANAL ON SCREEN
Slide 39: What the Partnership Concretely Delivers for Hachette
Ordinary General Meeting / 5 May 2026 WHAT THE PARTNERSHIP CONCRETELY DELIVERS FOR HACHETTE NEGOTIATION OF DEVELOPMENT BOOK AUDIOVISUAL (SCRIPT, CASTING, PRODUCTION DISTRIBUTION PUBLISHING ADAPTATION RIGHTS ETC.) More favorable Higher conversion Strengthening ties Improved value- contractual framewo
Slide 40: Expected Positive Outcomes for Hachette
Ordinary General Meeting / 5 May 2026 EXPECTED POSITIVE OUTCOMES FOR HACHETTE 1. 2. 3. STRONGER CAPTURE OF ACCELERATION OF BOOK ENHANCED THE VALUE GENERATED AND MERCHANDISING ATTRACTIVENESS TO BY AUDIOVISUAL SALES AUTHORS ADAPTATIONS
Slide 41: The Surgeon, First Project of the Partnership
Ordinary General Meeting / 5 May 2026 THE SURGEON, FIRST PROJECT OF THE PARTNERSHIP #1 Worldwide on Amazon Kindle + 66 million pages read Translated into 16 languages
Slide 42: Lagardère Travel Retail
LAGARDÈRE TRAVEL RETAIL Market position, achievements and strategy
Slide 43: Lagardère Travel Retail in Brief
Ordinary General Meeting / 5 May 2026 LAGARDÈRE TRAVEL RETAIL IN BRIEF Dining 28% €6,133m Revenue No. 3 operator in Travel Retail worldwide No. 2 operator in airport Travel Retail worldwide Revenue by Duty Free €334m No. 1 operator in Travel Essentials worldwide business & Fashion 39% Recurring EBIT
Slide 44: Lagardère Travel Retail: 2025 Achievements
Ordinary General Meeting / 5 May 2026 LAGARDÈRE TRAVEL RETAIL: 2025 ACHIEVEMENTS ▪ Continued growth momentum with record recurring EBIT ▪ Consolidation of the division's position as a major player in Travel Retail • Strategic tenders won in Frankfurt (Germany), London Heathrow (United Kingdom), Sydn
Slide 45: Lagardère Travel Retail: Strategy
Ordinary General Meeting / 5 May 2026 LAGARDÈRE TRAVEL RETAIL: STRATEGY ▪ Actively pursuing a network expansion policy: consolidating in mature markets and accelerating in emerging markets ▪ Stepping up innovation and research focused on AI to optimise operating efficiency and enhance the customer e
Slide 46: Lagardère Live
LAGARDÈRE LIVE Market position, achievements and strategy
Slide 47: Lagardère Live in Brief
Ordinary General Meeting / 5 May 2026 LAGARDÈRE LIVE IN BRIEF 3 activities 3 press titles 5 million 158 (managing venues, 3 performance 89 1 global press monthly employees producing venues employees brand readers(1) concerts, hosting Over 1 million and promotional spectators services) 3 radio statio
Slide 48: Lagardère Live: 2025 Achievements
Ordinary General Meeting / 5 May 2026 LAGARDÈRE LIVE: 2025 ACHIEVEMENTS ▪ Lagardère News • Growth in circulation of Le Journal du Dimanche (up 10%) and enhancement of its editorial content with the successful launch of Le JDMag • Consolidation of the global leadership of the ELLE brand (diversificat
Slide 49: Lagardère Live: Strategy
Ordinary General Meeting / 5 May 2026 LAGARDÈRE LIVE: STRATEGY ▪ Pressing ahead with digital transformation and growing the audiences for Lagardère News and Lagardère Radio ▪ Expanding the ELLE brand worldwide, particularly to non-media segments ▪ Leveraging the operational excellence of Lagardère L
Slide 50: Conclusion
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Slide 51: Conclusion
Ordinary General Meeting / 5 May 2026 CONCLUSION ▪ Record financial results driven by all businesses ▪ Relevance of our strategy and operational excellence ▪ Strengthened leadership and continued strong, sustainable growth ▪ Caution with regard to events in the Middle East
Slide 52: Full-Year 2025 Results
FULL-YEAR 2025 RESULTS Grégoire Castaing Deputy Chief Executive Officer of the Lagardère group in charge of Finance Ordinary General Meeting / 5 May 2026
Slide 53: Contents
Ordinary General Meeting / 5 May 2026 CONTENTS 1 Full-year 2025 results 2 Dividend 3 First-quarter 2026 revenue 52
Slide 54: 1. Full-Year 2025 Results
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Slide 55: A Solid Performance and Record Financial Results
Ordinary General Meeting / 5 May 2026 A SOLID PERFORMANCE AND RECORD FINANCIAL RESULTS Revenue Rec. EBIT(1) Profit for the year €9.4bn €641m €256m +5% reported +8% +27% +4% LFL CFAIT(1) Net debt(1) Leverage ratio(2) €367m €1.6bn 1.96x +35% -€255m (1) Alternative performance measure (2) Alternative p
Slide 56: Revenue Growth Driven by All of the Businesses
Ordinary General Meeting / 5 May 2026 REVENUE GROWTH DRIVEN BY ALL OF THE BUSINESSES Revenue growth 2025 revenue by business (€m) (€m and % of like-for-like growth) +184 9,353 +340 Lagardère -113 Publishing €3,001m (+3%) 8,942 2025 revenue €9,353m (+4%) +€411m Lagardère Lagardère Live Travel Retail
Slide 57: Record Levels of Recurring EBIT with All Businesses Contributing
Ordinary General Meeting / 5 May 2026 RECORD LEVELS OF RECURRING EBIT WITH ALL BUSINESSES CONTRIBUTING TO GROWTH Growth in recurring EBIT(1) 2025 recurring EBIT(1) by business (€m) (€m) +€48m +17 641 +29 Lagardère Lagardère Publishing Travel Retail 593 +2 €312m €334m Lagardère Live 2024 Lagardère La
Slide 58: Consolidated Income Statement
Ordinary General Meeting / 5 May 2026 CONSOLIDATED INCOME STATEMENT Change (€m) 2024 2025 (%) Revenue 8,942 9,353 +5% Recurring EBIT(1) 593 641 +8% Income from equity-accounted companies - 16 Other items (including impact of IFRS 16) (15) (44) Profit before finance costs and tax 578 613 Finance cost
Slide 59: Cash Flow from Operations of €573m
Ordinary General Meeting / 5 May 2026 CASH FLOW FROM OPERATIONS OF €573M REFLECTING SHARPLY IMPROVED CASH GENERATION Growth in CFFO(1) 2025 CFFO(1) after tax (€m) by business (€m) +34 573 +31 +4 504 Lagardère Travel Retail €172m Lagardère Publishing €291m +€69m Lagardère Live €1m 2024 Lagardère Laga
Slide 60: Huge Reduction in Net Debt
Ordinary General Meeting / 5 May 2026 HUGE REDUCTION IN NET DEBT (€m) +€255m CFAIT(1): €367m +573 -109 +86 -96 +16 -67 -148 (1,600) (1,855) Net debt CFFO Tax paid Interest, net Investments Divestments Dividends paid Other Net debt at end-2024 at end-2025 (1) Alternative performance measure 59
Slide 61: Accelerated Deleveraging over Two Years
Ordinary General Meeting / 5 May 2026 ACCELERATED DELEVERAGING OVER TWO YEARS Change in leverage ratio(1) 3x 2.4x 1.96x 2023 2024 2025 (1) Net debt (including liabilities related to minority puts) / Adjusted EBITDA 60
Slide 62: Solid Balance Sheet
Ordinary General Meeting / 5 May 2026 SOLID BALANCE SHEET (€m) 31 Dec. 2024 31 Dec. 2025 (€m) 31 Dec. 2024 31 Dec. 2025 Total non-current assets 6,321 6,349 Total equity 1,091 1,022 Investments in equity- Provisions 371 340 166 151 accounted companies Non-current debt 1,824 1,737 Total current asset
Slide 63: 2. Dividend
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Slide 64: Proposed Ordinary Dividend for 2025
Ordinary General Meeting / 5 May 2026 PROPOSED ORDINARY DIVIDEND FOR 2025 3rd resolution submitted by the Board of Directors Ordinary dividend €0.67 per share €96m Return(1) 4% The dividend will be deducted in full from distributable profit Ex-dividend date: 6 May 2026, dividend paid from 8 May 2026
Slide 65: 3. First-Quarter 2026 Revenue
3. FIRST-QUARTER 2026 REVENUE
Slide 66: Solid Growth in Revenue Driven by All Businesses
Ordinary General Meeting / 5 May 2026 SOLID GROWTH IN REVENUE DRIVEN BY ALL BUSINESSES(1) LFL Change (€m) Q1 2025 Q1 2026 change(1) (%) (%) Lagardère Publishing 623 615 -1.1% +1.4% Lagardère Travel Retail 1,301 1,365 +5.0% +4.8% Lagardère Live 54 57 +2.4% +5.9% Total revenue 1,978 2,037 +3.0% +3.8%
Slide 67: Growth of 3% in First-Quarter 2026 Driven by Organic Momentum
Ordinary General Meeting / 5 May 2026 GROWTH OF 3% IN FIRST-QUARTER 2026 DRIVEN BY ORGANIC MOMENTUM ACROSS ALL BUSINESSES (€m) +3% +47 +74 2,037 • 999 Games -62 • Amsterdam Duty Free 1,978 • Mainly USD, GBP and AED • Lagardère Publishing: +1.4% • Lagardère Travel Retail: +4.8% • Lagardère Live: +5.9
Slide 68: First-Quarter 2026 Revenue by Geographic Area
Ordinary General Meeting / 5 May 2026 FIRST-QUARTER 2026 REVENUE BY GEOGRAPHIC AREA(1) Eastern Europe 15% vs 14% in Q1 2025 Western Europe(2) 27% United States and Canada vs 26% in Q1 2025 27% France vs 28% in Q1 2025 20% vs 21% in Q1 2025 Asia-Pacific 6% vs 6% in Q1 2025 €2,037m +€59m Latin America
Slide 69: CSR and Sustainable Development: Our Commitments
CSR AND SUSTAINABLE DEVELOPMENT: OUR COMMITMENTS Céline Soubranne Group CSR Director Ordinary General Meeting / 5 May 2026
Slide 70: Fostering a Culture of Talent
Ordinary General Meeting / 5 May 2026 FOSTERING A CULTURE OF TALENT Encouraging career development and commitment from all teams 78% • The proportion of female top executives reached 47% in 2025. Women now make up of employees 62% of the Group’s overall workforce and 59% of managers completed • Laga
Slide 71: Fostering a Culture of Openness
Ordinary General Meeting / 5 May 2026 FOSTERING A CULTURE OF OPENNESS The Group continues to assert its pioneering role in content accessibility • With 100% of new titles in digital format accessible to people with disabilities as of 29,000 2025, Lagardère Publishing already meets the requirements o
Slide 72: Fostering a Culture of Impact
Ordinary General Meeting / 5 May 2026 FOSTERING A CULTURE OF IMPACT A resolute commitment to decarbonising the Group's business lines 125,000 • A transition plan has been implemented with the aim of achieving a 30% reduction in meals were saved carbon emissions by 2030 (based on 2019 levels) from wa
Slide 73: Fostering a Culture of Trust
Ordinary General Meeting / 5 May 2026 FOSTERING A CULTURE OF TRUST Mobilising our teams around anti-corruption behaviour 90% of employees • By 2025, 90% of employees had taken part in anti-corruption training over the preceding received two years. Specific training sessions have also been devised fo
Slide 74: Governance
GOVERNANCE Valérie Hortefeux Chair of the Appointments, Remuneration and CSR Committee Véronique Morali Chair of the Audit Committee Ordinary General Meeting / 5 May 2026
Slide 75: Membership of the Board of Directors and the Board Committees
MEMBERSHIP OF THE BOARD OF DIRECTORS AND THE BOARD COMMITTEES
Slide 76: Membership of the Board of Directors
Ordinary General Meeting / 5 May 2026 MEMBERSHIP OF THE BOARD OF DIRECTORS 2025 key figures 11 directors including 2 employee directors 61 55.5% 7 Average Percentage of Number of age women on the Board(1) meetings held(2) Valérie Bernis Arnaud Lagardère Nicolas Sarkozy Independent Chairman and Chief
Slide 77: Membership of the Appointments, Remuneration and CSR Committee
Ordinary General Meeting / 5 May 2026 MEMBERSHIP OF THE APPOINTMENTS, REMUNERATION AND CSR COMMITTEE 7 members including 5 independent directors and 1 employee director 2025 key figures 66.67% | Percentage of women on the Valérie Hortefeux Committee(1) Independent Valérie Bernis Nicolas Sarkozy 83.3
Slide 78: Membership of the Audit Committee
Ordinary General Meeting / 5 May 2026 MEMBERSHIP OF THE AUDIT COMMITTEE 6 members including 4 independent directors 2025 key figures 83.33% | Percentage of women on the Board Véronique Morali Independent Valérie Bernis Michèle Reiser 66.67% | Independence rate(1) Independent Independent 6 | Number o
Slide 79: Work of the Board and Its Committees in 2025
WORK OF THE BOARD AND ITS COMMITTEES IN 2025
Slide 80: Work of the Board of Directors in 2025
Ordinary General Meeting / 5 May 2026 WORK OF THE BOARD OF DIRECTORS IN 2025 MAIN WORK CARRIED OUT • Approving the 2024 annual financial statements and the 2025 interim financial statements Regular as well as the financial reports work of • Approving the 2026 budget the Board • Remuneration of Lagar
Slide 81: Work of the Appointments, Remuneration and CSR Committee in 2025
Ordinary General Meeting / 5 May 2026 WORK OF THE APPOINTMENTS, REMUNERATION AND CSR COMMITTEE IN 2025 MAIN WORK CARRIED OUT • Regarding sustainable development - Conducting an annual review of the Group's CSR strategy - Monitoring the 2024 assessment and review of the Sustainability Statement (plen
Slide 82: Work of the Audit Committee in 2025
Ordinary General Meeting / 5 May 2026 WORK OF THE AUDIT COMMITTEE IN 2025 MAIN WORK CARRIED OUT • Reviewing the 2024 parent company and consolidated financial statements, 2025 interim financial statements and 2026 budget • Reviewing the summary financial commitments analysis of the Lagardère Publish
Slide 83: Changes Submitted for Approval to the General Meeting
CHANGES SUBMITTED FOR APPROVAL TO THE GENERAL MEETING
Slide 84: Statutory Auditors of the Financial Statements and Sustainability Information
Ordinary General Meeting / 5 May 2026 STATUTORY AUDITORS OF THE FINANCIAL STATEMENTS AND THE SUSTAINABILITY INFORMATION Appointment of Grant Thornton as Statutory Auditor • The term of office of Forvis Mazars has reached the maximum duration permitted under European regulations Accordingly, Grant
Slide 85: Reports of the Statutory Auditors
REPORTS OF THE STATUTORY AUDITORS Ordinary General Meeting / 5 May 2026
Slide 86: Report on the Company's Financial Statements
Ordinary General Meeting / 5 May 2026 REPORT ON THE COMPANY’S FINANCIAL STATEMENTS Unqualified opinion on the financial statements In our opinion, the financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company as at 31 December 2025 an
Slide 87: Report on the Consolidated Financial Statements
Ordinary General Meeting / 5 May 2026 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS Unqualified opinion on the consolidated financial statements In our opinion, the consolidated financial statements give a true and fair view of the assets, liabilities and financial position of the Group as at 31
Slide 88: Special Report on Related-Party Agreements
Ordinary General Meeting / 5 May 2026 SPECIAL REPORT ON RELATED-PARTY AGREEMENTS Agreements authorised during the year ended 31 December 2025 • None Agreements approved in previous years that remained in force during the year • Service Agreement between Lagardère Management and Lagardère Ressour
Slide 89: Audit Report on the Sustainability Statement
Ordinary General Meeting / 5 May 2026 AUDIT REPORT ON THE SUSTAINABILITY STATEMENT Limited assurance engagement • As the purpose of our engagement is to provide limited assurance, the nature (choice of techniques), extent (scope) and timing of the procedures are less than those required to obtain
Slide 90: Presentation and Vote on Resolutions
PRESENTATION AND VOTE ON RESOLUTIONS Ordinary General Meeting / 5 May 2026
Slide 91: 1st Resolution
Ordinary General Meeting / 5 May 2026 1st RESOLUTION Approval of the Company’s financial statements for the year ended 31 December 2025 90
Slide 92: 2nd Resolution
Ordinary General Meeting / 5 May 2026 2nd RESOLUTION Approval of the consolidated financial statements for the year ended 31 December 2025 91
Slide 93: 3rd Resolution
Ordinary General Meeting / 5 May 2026 3rd RESOLUTION Allocation of the Company’s profit and dividend payment 92
Slide 94: 4th Resolution
Ordinary General Meeting / 5 May 2026 4th RESOLUTION Appointment of Grant Thornton as Statutory Auditor for a six-year term 93
Slide 95: 5th Resolution
Ordinary General Meeting / 5 May 2026 5th RESOLUTION Decision not to reappoint or replace Forvis Mazars as Statutory Auditor responsible for auditing sustainability information 94
Slide 96: 6th Resolution
Ordinary General Meeting / 5 May 2026 6th RESOLUTION Approval of the information disclosed pursuant to article L. 22-10-9 of the French Commercial Code concerning the remuneration of corporate officers 95
Slide 97: 7th Resolution
Ordinary General Meeting / 5 May 2026 7th RESOLUTION Approval of the components of remuneration and benefits paid during or allocated in respect of 2025 to Arnaud Lagardère, Chairman and Chief Executive Officer 96
Slide 98: 8th Resolution
Ordinary General Meeting / 5 May 2026 8th RESOLUTION Approval of the 2026 remuneration policy for the Chairman and Chief Executive Officer 97
Slide 99: 9th Resolution
Ordinary General Meeting / 5 May 2026 9th RESOLUTION Approval of the 2026 remuneration policy for the members of the Board of Directors 98
Slide 100: 10th Resolution
Ordinary General Meeting / 5 May 2026 10th RESOLUTION Eighteen-month authorisation for the Board of Directors to trade in the Company’s shares 99
Slide 101: 11th Resolution
Ordinary General Meeting / 5 May 2026 11th RESOLUTION Powers for formalities 100