Rexel Sa · EURONEXT:RXL
Rexel Sa — Rexel Sa Ord — Q1 2025 Earnings Presentation
16 slides from Rexel Sa's earnings presentation, Apr 29, 2025
Slide 1: First-quarter 2025 sales
First-quarter 2025 sales Paris, April 29, 2025
Slide 2: Key highlights
Key highlights a world of enersy _
Slide 3: Back in positive territory after five quarters of decline
Back in positive territory after five quarters of decline • Same-day sales up 1.4% in Q1 25: • North America boosted growth • Europe significantly improved vs end 2024, close to flat year-on-year • Limited tariff impact in Q1 25 • Digital sales at 33%, up +241bps • Pricing contributed 80bps to sales
Slide 4: Active capital allocation
Option 2 Active capital allocation Executing portfolio management strategy: Prioritizing acquisitions in combination with targeted divestments, to focus resources on the highest value-creation opportunities • Acquisition of Schwing Electrical Supply • $70m FY 2024 sales, ~100 FTE • Reinforcing our f
Slide 5: Q1 2025 sales review
— a world of energy Q1 2025 sales review
Slide 6: Q1 sales supported by significant same-day sales growth and M&A
Q1 sales supported by significant same-day sales growth and M&A +1.4% +1.9% €4.843m +1.0% €4.825m €4.707m -1.8% • -1.8% calendar effect, including 2024 leap year • +1.9% net scope contribution: Talley, Electrical Supplies Inc and Actual-day evolution Itesa acquisitions; New Zealand -0.4% sale Q1 202
Slide 7: Sequential sales growth acceleration in all geographies
Sequential sales growth acceleration in all geographies NB: 2024 and 2025 same-day sales growth by quarter Group Europe (50% Group sales) 2024 2025 North America Asia Pacific 2024 2025 (5% Group sales) (45% Group sales) Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2024 2025 2024 2025 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1
Slide 8: Europe: improving trends compared to Q4 2024
Europe: improving trends compared to Q4 2024 By country By product category • France back into positive territory • Significant market-share gains; growth driven by • Core ED and Business Accelerators segments non-residential & HVAC; Industry still down driving sequential improvement in Europe • Nor
Slide 9: North America: the main growth engine in Q1
North America: the main growth engine in Q1 By country By product & channel category • Projects among the main drivers of the quarter’s strong growth • United States: • Positive growth in all three end-markets • Proximity business also gaining momentum, back to • Good momentum in Southeast, includin
Slide 10: Strong project activity reflected in an increased backlog
Strong project activity reflected in an increased backlog US Canada 2.5 months of sales 4.1 months of sales • High backlog level; • Strong backlog execution 222 230 230 and robust order intake 210 288 253 264 250 165 100 • Backlog end of March vs end 144 95 100 96 December 2024: • Up c.6% in the US
Slide 11: No short-term refinancing needs, in uncertain credit environment
No short-term refinancing needs, in uncertain credit environment Breakdown of our main debt maturities and liquidity (Dec 2024) 11,000 000 Bonds maturing in 800 2028 & 2030 400 700 600 917 400 636 600 Asset backed 200 securitization 400 80 120 2025 2026 2027 2028 2029 2030 Monthly loading receivable
Slide 12: Outlook
• 05 Outlook
Slide 13: Monitoring potential US tariff impacts, positive and negative
Monitoring potential US tariff impacts, positive and negative Impact Tailwinds Potential headwinds • Additional pricing contributing to sales • Macro economic negative impact in US trade growth partner countries Sales • Economic impact in the US / lack of • US re-shoring confidence and visibility im
Slide 14: Maintaining course for mid-term goals
Maintaining course for mid-term goals STRIVE FOR OPERATIONAL AMPLIFY OUR CLIENTS’ IMPACT WITH EXCELLENCE VALUE-ADD SERVICES Best-in-class Double-down Build a Engage with on AI and data customer centric partners to pioneer tech-driven supply chain service experience sustainable solutions Omnichannel
Slide 15: FY 2025 guidance confirmed in an uncertain environment
FY 2025 guidance confirmed in an uncertain environment Closely monitoring direct and indirect effects of tariffs on sales and profitability, particularly in North America Stable to slightly c. 6% c. 65% positive Same-day Current adjusted Free cash flow sales growth EBITA margin1 conversion2 Continue
Slide 16: Disclaimer
Disclaimer The Group is exposed to fluctuations in copper prices in connection with its distribution of cable products. Cables accounted for approximately 15% of the Group's sales and copper accounts for approximately 60% of the composition of cables. This exposure is indirect since cable prices als