Lacroix Group Sa · EURONEXT:LACR
Lacroix Group Sa — H1 2026 Earnings Presentation
19 slides from Lacroix Group Sa's earnings presentation, Oct 1, 2026
Slide 1: Investors Presentation: 2026 Half-Year Results
OCTOBER 1ST, 2026 INVESTORS PRESENTATION 2026 Half-Year Results
Slide 2: Agenda
Agenda 01 PRESENTATION Vincent BEDOUIN 02 H1 2026 RESULTS Chief Executive Officer 03 UPCOMING EVENTS Nicolas BEDOUIN 04 QUESTIONS & ANSWERS Chief Operating Officer & Executive Vice-President Finance This document is proprietary and confidential to LACROIX and may not be reproduced without prior auth
Slide 3: Presentation: At the Heart of LACROIX
01 PRESENTATION AT THE HEART OF LACROIX This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 4: A French technological and industrial midcap with an international footprint
A French technological and industrial midcap with an international footprint €445M Revenue in 2025 2,850 Employees Located in Electronics activity 10 countries Environment activity LOCATIONS Groupe A familial côté family-owned group on sur Euronext the depuis stock market 1992 since 1992 EMEA APAC 6
Slide 5: Our mission
Our mission Provide our customers with reliable and secure electronic equipment and industrial IoT solutions for their critical applications Electronics activity Environment activity Support our customers in the design and Support public and private customers manufacturing of the electronic embedded
Slide 6: H1 2026 Results
02 H1 2026 RESULTS +3.2% Revenue Growth 10.1% EBITDA Margin €11.1M Positive Free Cash Flow - 2026 Guidance Upgraded - 2027 Financial Targets Confirmed This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 7: Revenue around €235M, record EBITDA margin at 10.1%
REVENUE AROUND €235M, RECORD EBITDA MARGIN AT 10.1% ELEC NA +3,2% vs Y-1 Revenue by quarter, €M ROAD SIGNS Revenue (€M) 350,3 181 169 285,2 144 141 227,9 235,2 123 217,5 116 112 110 112 107 258,7 132 217,8 127 109 109 H1 24 H2 24 H1 25 H2 25 H1 26 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 2
Slide 8: Electronics EMEA activity
ELECTRONICS EMEA ACTIVITY -1.1% vs Y-1 Revenue by quarter, €M Revenue (€M) 194,3 98 96 158,7 157,9 156,1 79 79 81 80 146,4 77 74 76 72 H1 24 H2 24 H1 25 H2 25 H1 26 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 +€0,8M vs Y-1 Recurring EBITDA (€M, %) 9,5 (4,5%) • ELECTRONICS sales reach
Slide 9: Environment activity
ENVIRONMENT ACTIVITY +12.8% vs Y-1 Revenue by quarter, €M Revenue (M€) 79,1 42,4 70,1 71,2 36,7 64,4 34,7 35,4 35,0 36,2 59,1 34,0 30,3 29,2 29,8 H1 24 H2 24 H1 25 H2 25 H1 26 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 +€6,3M vs Y-1 • ENVIRONMENT sales reached €79.1m in H1 2026, up
Slide 10: Simplified income statement
SIMPLIFIED INCOME STATEMENT In M€ H1 2026 H1 2025 2025 • Current Operating Income at 17,3M€ (7,4%) Revenue 235,2 227,9 445,5 • Operating income of 17,1 M€ with lower Current EBITDA 23,7 17,0 34,1 non-current expenses compared to last year In % Revenue 10,1% 7,5% 7,6% and reaching FY2025 level Curren
Slide 11: Simplified balance sheet
SIMPLIFIED BALANCE SHEET June 30 December 31 In €M 2026 2025 Non-current assets 154,3 156,8 • Treatment of Electronics North America as assets and liabilities Current assets (excluding cash) 177,6 176,7 held for sale with decreasing assets and liabilities Cash and cash equivalents 43,0 37,5 • Positi
Slide 12: Cash flow statement
CASH FLOW STATEMENT Continu Disconti Continu Disconin H1 H1 In M€ ed nued ed ued 2026 2025 2026 2026 2025 2025 Consolidated net income 9,0 (7,9) 1,0 8,4 (31,6) (23,2) • Positive cash flow from continued operations of 18,8 M€ Cash flow from operations 18,8 (7,3) 11,6 14,2 (9,9) 4,3 • WCR mastered on
Slide 13: We accelerate our deleveraging path
We accelerate our deleveraging path LACROIX NET DEBT & GEARING RATIO, €M Net Debt 139 Gearing • Net debt at 72 M€ 113 113 decreasing by 9 M€ vs 12/2025 and by 29 M€ vs 103 101 06/25 • Equity almost stable 81 72 • Gearing at 0,77 56 • Net debt / EBITDA Forecasted < 2 0,88 0,86 0,81 0,77 0,72 31 0,57
Slide 14: Debt successfully refinanced in April 2026
With a debt successfully refinanced in April 2026 YEARLY DEBT (MID-TERM) REIMBURSEMENT, M€ 20 19 21 44M€ Existing debt refinancing 12 Before Refinancing 30M€ 5 4 2026 2027 2028 2029 2030 2031 Additional credit line confirmed for CAPEX 18 7 Banks re-engaged 11 13 11 A very solid pool of banks partner
Slide 15: 2026 Guidance updated given exceptional performance of Environment
2026 Guidance updated given the exceptional performance of ENVIRONMENT and ELECTRONICS’s encouraging stabilization >455 445 ENVI • Environment expected to remain stable in H2 vs PY >445 • Water segment to continue growing, albeit at a slower pace than in H1 • Public Lighting still facing a decline a
Slide 16: 2027 objectives reconfirmed
2027 OBJECTIVES RECONFIRMED 2027 Revenue €475-500M 2027 EBITDA > 8% margin 2025 2026 2027 Net Debt / EBITDA < 3.0 < 2.5 < 2.0 Revised to <2.0 This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization. 18 .
Slide 17: Upcoming Events
03 UPCOMING EVENTS This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 18: Next appointments
NEXT APPOINTMENTS • November 2, 2026: Revenue Q3 2026 • February 9, 2027 : Revenue Q4 2026 • March 31, 2027 : FY2026 Results Ce document est confidentiel, et est la propriété de LACROIX, il ne peut être reproduit sans autorisation préalable. 20
Slide 19: Thank you for your attention Q&A
Thank you for your attention Q&A