Legrand Sa · EURONEXT:LR
Legrand Sa — Investor Day (September 2026)
105 slides from Legrand Sa's investor day presentation, Sep 29, 2026
Slide 1: Capital Markets Day
Capital Markets Day September 29, 2026
Slide 2: Today’s agenda
Today’s agenda 01. Legrand’s strategic roadmap 12:00 02. Data center strategy 12:25 Lunch break 01:10 03. Technology keynote 02:00 04. Malaysia business case 02:40 05. Upgraded 2030 ambitions 03:00 06. Conclusion 03:15 07. Q&A 03:20 Closing networking 04:15 CAPITAL MARKETS DAY 2026 2
Slide 3: Legrand’s strategic roadmap
Legrand’s strategic roadmap Benoît COQUART - CEO CAPITAL MARKETS DAY 2026
Slide 4: Legrand in a nutshell (1/3)
Legrand in a nutshell (1/3) Leader in a large market supported by favorable megatrends Market Competition Leadership positions €150bn >6,000 2/3 of sales companies as leader Boosted by supportive Highly fragmented industry #1 or #2 position megatrends: d igitalization, with mid -size companies in a
Slide 5: Legrand in a nutshell (2/3)
Legrand in a nutshell (2/3) Comprehensive portfolio of ~500,000 SKUs Sales 1 by region Sales 1 by end -market Sales 1 by solution 5% 18% 39% 32% 22% 47% 41% 35% 32% 29% North and Central America Data center Essential infrastructures Europe Residential buildings Data center Rest of the World Non-resi
Slide 6: Legrand in a nutshell (3/3)
Legrand in a nutshell (3/3) A proven track record of compounding growth and shareholder value x10 EPS > x6 Share price > x3 Total sales 2006 IPO 2026 CAPITAL MARKETS DAY 2026 6
Slide 7: Achievements vs. 2024 CMD (1/3)
Achievements vs. 2024 CMD (1/3) We exceeded our commitments 2025 2026 CMD ambitions actuals targets Organic +3% to +5% +7.7% +8% to +10% M&A +3% to +5% +5.1% ~+8% Sales growth YoY +6% to +10% +13.2% +16% to +19% (excluding FX) Adjusted 1 ~20% of sales 20.7% of sales 20.5% to 21.0% of sales operating
Slide 8: Achievements vs. 2024 CMD (2/3)
Achievements vs. 2024 CMD (2/3) We are accelerating growth and outgrowing our peers LFL+M&A growth 1 LFL growth 1 M&A growth 1 +33% +25% +21% +17% +14% +3% 24 25 26 24 25 26 24 25 26 24 25 26 24 25 26 24 25 26 Legrand Peers 2 Legrand Peers 2 Legrand Peers 2 CAPITAL MARKETS DAY 2026 2026 vs. 2024 gro
Slide 9: Achievements vs. 2024 CMD (3/3)
Achievements vs. 2024 CMD (3/3) Our profitability and cash generation remain best -in-class EBITDA margin FCF/Sales Cash conversion 2025 -2026 1 2025 -2026 1 2025 -2026 1 23.2% 105% 13.7% 92% 21.4% 12.5% Legrand Peers Legrand Peers Legrand Peers CAPITAL MARKETS DAY 2026 1.Average of 2025 and 2026. D
Slide 10: Our strategy is designed around three focus areas
Our strategy is designed around three focus areas Data centers Energy transition Essential infrastructures 2 Sales 1 by region Sales 1 by region Sales 1 by region 12% 27% 27% 18% 12% 37% 76% 46% 45% North and Central America North and Central America North and Central America Europe Europe Europe Re
Slide 11: We substantially grew our data center position
We substantially grew our data center position €bn Sales >3.0 32 acquisitions to build one of the most comprehensive data center portfolios +21% organic CAGR from 2021 to 2026 140,000 SKUs from power generation to testing and services <1.0 Thousands of customers (hyperscaler , colocation, enterprise
Slide 12: We built one of the industry’s most comprehensive offerings
We built one of the industry’s most comprehensive offerings 1 Testing and lifecycle Critical power 35% s ervices 10% 1 Compute infrastructure 50% 1 Advanced cooling 5% 1 CAPITAL MARKETS DAY 2026 1.FY 2025 Legrand data center sales split 12
Slide 13: We will capitalize on new capacity and new architectures
We will capitalize on new capacity and new architectures > 100 GW IT load should be built over 5 years Content per MW should continue to increase IT Load (in GW) 1 Current Hybrid LVDC architecture Critical Power +++ ++(+) +++(+) Compute ++ ++++ +++ infrastructure 420 Advanced cooling + +++ +++ 250 T
Slide 14: Energy transition is now our second growth pillar
Energy transition is now our second growth pillar Europe North and Central America Rest of the World Acceleration of electrification Major “behind the meter” opportunity Growth in population, industrialization 1 Deterioration of the U.S. electric grid reliability 2 Example: Southeast Asia, Power Cap
Slide 15: We have expanded our energy transition exposure with our latest data center acquisitions
We have expanded our energy transition exposure with our latest data center acquisitions Sales in data center Sales in energy transition Davenham (2024) UPSistemas (2024) Power Bus Way (2024) CRS (2025) Linkk (2025) Avtron (2025) Green4T (2026) Kratos (2026) TES (2026) ~ €700 m ~ €400m Keydak (2026)
Slide 16: Essentials to become a growth provider (1/3) - Europe
Essentials to become a growth provider (1/3) - Europe Many initiatives to benefit from the market’s progressive recovery The markets have bottomed out, Multiple initiatives to boost growth … as well as deploying to the recovery is expected to be gradual and market share… other verticals Residential
Slide 17: Essentials to become a growth provider (2/3) – N&C. America
Essentials to become a growth provider (2/3) – N&C. America Successful repositioning to new verticals to boost growth Office & residential markets have not Legrand will continue to expand into … and to activate all levers yet shown clear signs of a rebound new verticals… to fuel growth Legrand has r
Slide 18: Essentials to become a growth provider (3/3) – RoW
Essentials to become a growth provider (3/3) – RoW Market coverage, product innovation and M&A to make the most of high -potential markets Huge potential in most zones Action plans well in place Complementary acquisitions will also prompted by demography & GDP to tackle opportunities be considered P
Slide 19: Our growth engines are fully operational (1/2)
Our growth engines are fully operational (1/2) Long -term performance backbone Innovation Customer experience Pricing Latest +15% 80% +2.2% achievements R&D spending CSAT 2 average over three years 1 in 2025 last 3 years 4 2026 -2030 3 50 Positive pricing each year R&D ~5% of sales CSAT 80% / NPS am
Slide 20: Our growth engines are fully operational (2/2)
Our growth engines are fully operational (2/2) An unparalleled expertise in M&A A very selective process A highly industrialized approach Example of 2025 An active pipeline of ~400 companies Clear strategic and financial criteria priority to leaders (#1 or #2) + 1,000 screened targets EPS accretive
Slide 21: An experienced leadership team geared towards 2030 ambitions
An experienced leadership team geared towards 2030 ambitions Benoît COQUART Blandine ANTOINE Bénédicte BAHIER Delphine BAZAUD Jean -Luc CARTET Chief Executive Officer Executive VP Executive VP Executive VP Executive VP Products and Technology Human Resources Operations Asia -Pacific, M. East, Africa
Slide 22: Today, we are upgrading our 2030 ambitions
Today, we are upgrading our 2030 ambitions 1 2024 CMD 2027 -2030 Organic +3% to +5% +6% to +8% (CAGR) M&A +3% to +5% ~+5% (yearly average) Divestments - €0.5bn to €1bn of sales Sales growth +6% to +10% +11% to +13% (excluding FX & divestment) Adjusted 2 ~20% of sales 21% to 22% of sales operating ma
Slide 23: Data center strategy
Data center strategy Brian DIBELLA President & CEO Legrand North & Central America CAPITAL MARKETS DAY 2026
Slide 24: Key data center messages since CMD 2024
Key data center messages since CMD 2024 With our proven business model, we have transformed our market position > 2.5x 15 > 3x > 20 2026 data center data center data center new platforms revenue vs. 2023 acquisitions addressable global launched since 2024 market expansion AI is not just increasing d
Slide 25: Breakdown of our business
Breakdown of our business We see significant growth opportunities in the next 5 years Data centers Data centers Sales 1 by region Sales 2 by solution 12% 10% 5% 35% 12% 25% 76% 25% North and Central America Critical power Europe Physical compute infrastructure Rest of the World Monitoring, managemen
Slide 26: Best-in-class mission-critical solutions
Best -in-class mission -critical solutions Compute infrastructure Legrand global data center product portfolio Critical power IEC 60309 OVERHEAD CABLE RACK BUSWAY CONNECTORS MANAGEMENT CABINETS MV MICRO GRID TRANSFORMERS SWITCHBOARD RACK FIBER & COPPER KVM & SERIAL TRANSCEIVERS PDU CABLING SYSTEMS C
Slide 27: We have built a scalable footprint
We have built a scalable footprint Adaptable to customer demand Montbard, France Clondalkin, Ireland Cournon -d'Auvergne , France Anaheim, CA Toronto, Canada Cherry Orchard, Ireland Saint -Marcellin, France Reno, NV Juárez , Mexico Cookstown, UK Veghel, Netherlands New Nashik, India Denver, CO Monte
Slide 28: AI workloads driving massive increases in rack densities and power demand…
AI workloads driving massive increases in rack densities and power demand… Rack densities will continue growing AI expected to reach ~70% of new workloads Rack power density – peak and expected range, kW per rack Annual data center IT -load capacity additions by workload , GW (%) 1000 ~+30 GW 900 70
Slide 29: …requiring new direct current power architectures and liquid cooling solutions
…requiring new direct current power architectures and liquid cooling solutions 2030 demand by power architecture and rack densities 2030 vs. 2025 AI demand by cooling solutions ~30 GW 2030 demand split ~5% ~1% ~2% Demand by Rack of which >15% <15% power densities for AI architecture (kW) ~25% <5% Fu
Slide 30: Reducing time to operation is driving construction innovation
Reducing time to operation is driving construction innovation 2024, 18 months 2026, 9 months Sources: Meta is using tents to build its giant AI data center New Albany, Ohio data center, Prometheus. GPU-centric facility, Hurricane weather proofed Sources: Meta is using tents to build its giant AI dat
Slide 31: Framing the AI infrastructure era
Framing the AI infrastructure era The key trends impacting the data center industry Customer ecosystem Power evolution Deployment Hybrid AC/DC & LVDC Evolution Labor, safety SPEED POWER Cooling evolution Productivity Air to liquid TO BUILD DEMAND Modularity Power generation Behind -the-meter CAPITAL
Slide 32: Helping our customers achieve their key objectives in a rapidly changing market
Helping our customers achieve their key objectives in a rapidly changing market Leveraging our expertise in critical applications Win liquid Lead pragmatic Own the critical Leverage our “Glocal ” model cooling in DC transition infrastructure proven service delivers speed racks and with customers lay
Slide 33: We are working on every stage of the DC Transition today
Lead pragmatic DC We are working on every stage of the DC Transition today transition with Because power technology changes are never clean or simple customers > 100 GW IT load should be built over 5 years Content per MW should continue to increase IT Load (in GW) 1 Current Hybrid LVDC architecture
Slide 34: OCP Rack with integrated DC power infrastructure
OCP Rack with integrated DC power infrastructure Custom OCP development yields enhanced security and high efficiency Challenge Solution Leading hyperscale Cloud provider needed a Engaged directly with end customer to custom OCP -based network cabinet with a design custom 44OU OCP cabinet including 5
Slide 35: Our portfolio provides the most critical infrastructure systems with custom solutions
2 Own the critical Our portfolio provides the most critical infrastructure infrastructure layer systems with custom solutions for fast -changing designs Outside Plant Compute Land + Building Power train IT Equipment Infrastructure Modular HAC Intelligent Utility Renewable Main Electrical Cable Bus U
Slide 36: Custom engineering keeps critical infrastructure safer and more resilient
Custom engineering keeps critical infrastructure safer and more resilient On -site planning uncovers customer opportunities Challenge Solution Low -lying cable bus installations create Developed a step -over solution that allows safety issues for site maintenance teams personnel to safely cross cabl
Slide 37: Custom LV power distribution supports hyperscale growth
Custom LV power distribution supports hyperscale growth Engineered LV solutions supporting faster expansion and long -term operational reliability Challenge Solution A leading hyperscaler required tailored low- Legrand engineered and manufactured voltage distribution for repeatable, high - customize
Slide 38: Proven track record to deliver project-critical service and support
Leverage our Proven track record to deliver project -critical service and proven service advantage support Our service model Ready -to-serve factories and supply chain to deliver on time Expert project management to reduce schedule risk 4.5x 400+ capacity capex in-market support 2024 - 2026 professi
Slide 39: Custom modular data centers enable network access to hyperscale cloud services
Custom modular data centers enable network access to hyperscale cloud services for LATAM colocation provider Connecting remote LATAM data centers to U.S. cloud services Challenge Solution Colocation provider needed reliable fiber Legrand engineering teams designed in consolidation points in remote l
Slide 40: Scaling manufacturing to meet hyperscale AI demand
Scaling manufacturing to meet hyperscale AI demand Reduced lead times by 24 weeks Challenge Solution Hyperscale AI customer increased YoY Cross -functional teams improved processes demand by over 150% in busway system to increase output from existing facilities Sudden demand surge was not forecasted
Slide 41: Winning in rack level liquid cooling and commissioning
Win liquid cooling in Winning in rack level liquid cooling and commissioning racks and Leverage our leading specialist positions commissioning Double down on RDHx 1 Drive our direct -to-chip solutions Innovate in liquid -cooled load banks CAPITAL MARKETS DAY 2026 1. Rear door heat exchanger 41
Slide 42: Custom cooling solution optimizes Nvidia MGX1.1 deployment
Custom cooling solution optimizes Nvidia MGX1.1 deployment Rapid development delivers increased savings and efficiency Challenge Solution Leading U.S . AI data center needed a racking Engaged directly with end customer to solution in accordance with MGX 1.1 for high - design custom 52U GPU cabinet d
Slide 43: Global colocation leader relies on Legrand load banks for commissioning
Global colocation leader relies on Legrand load banks for commissioning first liquid cooled data center Proper testing enables efficient calibration and ensures reliability Challenge Solution First large -scale liquid cooling deployment Onsite workshops with owner, contractors, had increased risk fr
Slide 44: Global sales and service teams work with in-market teams
“Glocal ” model Global sales and service teams work with in -market teams delivers speed and scale to deliver local support for critical projects Europe 100 Sales 65 Support/Services Asia 315 Sales 150 Support/Services N&C America 200 Sales 160 Support/Services Middle East 21 Sales 4 Support/Service
Slide 45: Local team enables 96MW data center deployment in 9 months
Local team develops an integrated solution approach enabling 96MW data center deployment in 9 months Local partnership was the key to faster deployment Challenge Solution Large -scale Johor hyperscale campus Simplified project by combining several required coordinated infrastructure across mission -
Slide 46: Powering deployment of next-generation AI platform
Powering deployment of next -generation AI platform Legrand’s ability to scale delivers a global standard design Challenge Solution Support customer’s accelerated global Engaged engineering and quality teams to deployment of new AI platform with a optimize operations common solution Dedicated produc
Slide 47: The AI infrastructure era is transforming the data center market
The AI infrastructure era is transforming the data center market Legrand is positioned to win AI demand is accelerating and reshaping data center infrastructure toward unprecedented scale and complexity Our expanding portfolio and continuous innovation make us the preferred choice for next generatio
Slide 48: Technology keynote
Technology keynote Blandine ANTOINE EVP Products and Technologies Rebecca GILSTRAP Senior Director Data Center Strategy and Products CAPITAL MARKETS DAY 2026
Slide 49: We solve our customers’ toughest problems
We solve our customers’ toughest problems Working hand in hand with customers as technology and their needs evolve Ensure Support speed performance, Simplify Deliver interoperability complexity Reduce sustainability and execution risk adaptability CAPITAL MARKETS DAY 2026 49
Slide 50: Our open philosophy enables ultra-customization at scale
Our open philosophy enables ultra -customization at scale The Legrand difference: expert co -design and integration capabilities paired with global delivery scale Our open architecture philosophy Application Open and breadth of support services Best of breed engineering empower customers to create,
Slide 51: From chip to grid: how digital is reshaping the physical world
From chip to grid: how digital is reshaping the physical world Technology keynote agenda Our expertise spans Today’s technology keynote agenda the end -to-end data center thermal & power chain Critical power Physical compute infrastructure Portfolio overview Testing and lifecycle Low Voltage Direct
Slide 52: Physical compute infrastructure (1/3)
P hysical compute infrastructure (1/3) Enabling safety, scalability and ease of maintenance Cable management, fiber Structured copper and fiber High amperage busways Racks, cabinets, enclosures runners cabling, transceivers with tap -off boxes Protect data center’s most valuable Provide pathway supp
Slide 53: Physical compute infrastructure (2/3)
Physical compute infrastructure (2/3) Focus: OCP ORv3 rack MGX/NVL cabinet Additional features Improves cooling efficiency, increases rack density, optimizes energy consumption NSR -DDC • Compatible with all Open Rack IT systems • Supports 1,400A Busbar for AI applications Power shelf 2U • Supports
Slide 54: Physical compute infrastructure (3/3)
Physical compute infrastructure (3/3) Focus: vertical hot aisle containment ( vHAC ) structures Vertical hot aisle containment structures Legrand offers multiple white space solutions delivery models tailored to customer needs • Standalone products • Rack & Stack solutions • Structural HAC: integrat
Slide 55: Monitoring, management and control (1/3)
Monitoring, management and control (1/3) Measure to Manage: supporting operational efficiency KVM switches & Intelligent rack PDUs Additional intelligent products serial console servers Serve as remote hands and eyes, provide remote Unified hardware and software technologies Intelligent Rack Power D
Slide 56: Monitoring, management and control (2/3)
Monitoring, management and control (2/3) Focus: rack PDUs High density Intelligent rack PDUs outlet technology (HDOT ®) Cx Outlets – Industry -leading intelligence Xerus platform C13 and C19 all-in-one outlets Largest PDU patent portfolio in the industry Largest engineering and customer support team
Slide 57: Monitoring, management and control (3/3)
Monitoring, management and control (3/3) Focus: smart prefabricated infrastructure, accelerating time -to-revenue Intelligent Edge, Koralium research program Power & E -House Modules (Chile) (France) Partners: Legrand, CEA 1, Kaori Customizable prefabricated platforms building mission -critical elec
Slide 58: Advanced cooling (1/3)
Advanced cooling (1/3) Our comprehensive portfolio caters to all stages of the thermal transition Rear door Single -phase Two -phase Hot aisle containment heat exchangers direct -to-chip direct -to-chip Conventional hot aisle containment Rear door heat exchangers Single -phase direct -to-chip extrac
Slide 59: Advanced cooling (2/3)
Advanced cooling (2/3) Focus: ColdLogik rear door heat exchanger ColdLogik rear door heat exchanger Portfolio • 0-140kW rack cooling capacity • Passive and active systems • RDHx and in -row cooling units Trusted offer • 20 years of experience in data center fluid management • Corrosion, fluid qualit
Slide 60: Advanced cooling (3/3)
Advanced cooling (3/3) Focus: coupling two -phase direct -to-chip (DTC) with RDHx All -in-one liquid cooling IT rack Use cases • Ideal for NVIDIA MGX / NVL72 (GB200 / GB300) / Vera Rubin class AI racks, AMD Helios, Dell PowerEdge • Enterprise, edge and colocation • High frequency trading, HPC, AI Sp
Slide 61: Critical power (1/3)
Critical power (1/3 ) Our portfolio spans the full power distribution chain, adapted to local market practices and standards Adaptation, Generation Distribution Protection continuity & quality Back -up power Cable bus MV/LV cast -resin transformers Low voltage switchboards Medium voltage switchgear
Slide 62: Critical power (2/3)
Critical power (2/3) Focus: Keor Flex AI simulator Physical AI load simulation platform AI workloads are characterized by large and extremely fast power fluctuations, that can reach up to 70% of the system TDP (e.g. transitioning from 30% to 100% load) within a few tens of milliseconds Our AI load s
Slide 63: Critical power (3/3)
Critical power (3/3) Focus: from panel building to global engineering and integration of containerized power solutions Global power engineering and integration capabilities LV Panels • Switchboards up to 6,300A • LV RPPs up to 800A for traditional data centers and up to 2,400A for AI data centers •
Slide 64: Testing and lifecycle services (1/2)
Testing and lifecycle services (1/2) Enabling “build” speed and “run” efficiency Commissioning Preventive and corrective Design and installation and acceptance testing maintenance Strengthening mutual trust and brand preference CAPITAL MARKETS DAY 2026 64
Slide 65: Testing and lifecycle services (2/2)
Testing and lifecycle services (2/2) Focus: power and thermal load testing for performance optimization and commissioning Liquid -cooled load banks and commissioning services Challenge: confirming the multi -MW system will work properly without risking to damage the computing servers Solution : stre
Slide 66: Modular prefabrication
Modular prefabrication Migrating critical infrastructure to prefabricated modules — a Legrand core competency Structural hot aisle containment Containerized electrical rooms Skid -mounted backup power unit (vHAC ) (e-Houses) Accelerate deployments from ~2 -4 years to ~12 -18 months “Build -as -you-g
Slide 67: Low Voltage Direct Current transition (1/8)
Low Voltage Direct Current transition (1/8) Architecture transition rationale: reduce losses and material intensity as rack power increases P loss ~ I² × R P distributed ~ U × I To reduce power loss , we can To increase power intensity, we can • Reduce current (I) • Increase voltage (U) • Reduce mat
Slide 68: Low Voltage Direct Current transition (2/8)
Low Voltage Direct Current transition (2/8) Our target architecture AC Architecture with OCP ORv3 Phase one evolution addition of • In-Rack DC power shelf • In-Rack DC power busbar Sidecar architecture Phase two evolution addition of • Power sidecar • 48V DC IT rack LVDC architecture Phase three evo
Slide 69: Low Voltage Direct Current transition (2/8)
Low Voltage Direct Current transition (2/8) Our target architecture AC architecture with OCP ORv3 Phase one evolution addition of • In-Rack DC power shelf • In-Rack DC power busbar Sidecar architecture Phase two evolution addition of • Power sidecar • 48V DC IT rack LVDC architecture Phase three evo
Slide 70: Low Voltage Direct Current transition (2/8)
Low Voltage Direct Current transition (2/8) Our target architecture AC Architecture with OCP ORv3 Phase one evolution addition of • In-Rack DC power shelf • In-Rack DC power busbar Sidecar architecture Phase two evolution addition of • Power sidecar • 48V DC IT rack LVDC architecture Phase three evo
Slide 71: Low Voltage Direct Current transition (3/8)
Low Voltage Direct Current transition (3/8) Future -friendly approach: introducing independent, modular building blocks Highlights Our perspective • Phased transition • Modular ecosystem build -out • Important technical challenges remain (breaking direct current, reliable electronic transformer oper
Slide 72: Low Voltage Direct Current transition (4/8)
Low Voltage Direct Current transition (4/8) Focus: Legrand power sidecar Power sidecar Legrand precision engineering: Features a wide input voltage range (415 -480V AC) to ensure compatibility with global three -phase power standards Intelligent power redundancy: Supports up to 6 parallel power shel
Slide 73: Low Voltage Direct Current transition (5/8)
Low Voltage Direct Current transition (5/8) Legrand will propose a complete modular offering LVDC busway Back -up AC Back -up DC power power generation generators & storage Medium voltage (MV) MV to LV 15kVA AC AC/DC LV DC protection LV DC LVDC AC utility grid step-down transformer rectifier AI -loa
Slide 74: Low Voltage Direct Current transition (5/8)
Low Voltage Direct Current transition (5/8) Focus : introducing the AI -load stabilizer (AIS) Medium voltage (HV) MV to LV AC/DC LVDC LV DC LV DC LV DC AC utility grid step -down transformer rectifier protection busway AI -load stabilizer IT r ack Back -up AC Back -up DC power power generators gener
Slide 75: Low Voltage Direct Current transition (6/8)
Low Voltage Direct Current transition (6/8) Focus : hydraulic metaphor for the AI -Load stabilizer (AIS) MV to LV Medium voltage (MV) AC/DC LVDC LVDC IT rack step -down LV DC protection AC utility grid rectifier AI -load stabilizer chips transformer High pressure water Expansion tank to Gate to prot
Slide 76: Low Voltage Direct Current transition (7/8)
Low Voltage Direct Current transition (7/8) Focus: AI -load stabilizer for dynamic load management and stabilization 800 V DC BUSWAY What sits inside the AI AI load stabilizer -load stabilizer Challenge: ultra -fast power load fluctuations • Peak load drives infrastructure capex • Ramp rates drive g
Slide 77: Low Voltage Direct Current transition (8/8)
Low Voltage Direct Current transition (8/8) Xerus operating system: unlocking system value through data and control Legrand’s Xerus Technology Platform Stack Legrand’s Xerus technology platform stack delivers security, insights, and seamless Xerus Technology Platform Stack interoperability Maximizes
Slide 78: Key takeaways
Key takeaways High performance, specialist solutions serving data center critical needs at scale Enabling customer choice with open architecture, worldwide customization capabilities and sustainability roadmap Accelerating speed -to-token with integration & service offering Future -ready CAPITAL MAR
Slide 79: Malaysia Business case
Malaysia Business case Achraf HEGAZY – CEO Malaysia Jason LIM – Co -MD Linkk Busway Systems CAPITAL MARKETS DAY 2026
Slide 80: Malaysia
Malaysia Leading Data center development in APAC A very favorable backdrop… …a stellar pace of development 1 The alternative Resources available Favorable framework Data center Live IT Load (GW) Hyperscalers ’ diversification Land Political & Regulatory environment 3 beyond the U.S. • Dedicated data
Slide 81: Legrand in Malaysia
Legrand in Malaysia Established more than 40 years ago, Legrand Malaysia began a decisive transformation in 2025 From essential infrastructures… …to data centers 1983 2011 2014 2025 2026 Exports from Singapore Leading cable management Racks & network components, Leading position in busbar Specialist
Slide 82: Legrand in Malaysia
Legrand in Malaysia The team CAPITAL MARKETS DAY 2026 82
Slide 83: Building a comprehensive portfolio
Building a comprehensive portfolio Leveraging both regional manufacturing & Group’s acquisitions across geographies Busways PDUs Regional manufacturing Racks examples Hot aisle containment Switchgear and skids Busbars UPS Cable management Cooling CAPITAL MARKETS DAY 2026 83
Slide 84: A leading data center platform
A leading data center platform Beyond products Tailored engineering Agile supply c hain Seamless execution 1/3rd 2/3 rd ~100 of sales of sales people Configure -to-order (CTO) and Regional engineering and Dedicated Engineer -to-order ( ETO) manufacturing project execution team Turn complex client re
Slide 85: Data center customers
Data center customers A multi -level approach Global LDCS teams Regional LDCS teams Local LDCS teams Hyperscaler Framework agreement & specs Project management teams Local execution Hyperscalers deploy either Global key account management APAC key account management relay Service & commissioning tea
Slide 86: Key Projects
Key Projects Examples of track record at scale Global Colo . Local Colo. Hyperscaler 100 € 50m to € 100m 80 € 50m to € 100m € 30m to € 50m MW over several years MW over several years over several years Cable management Busbars Hot aisle containment Busways Power distribution units Skids Cable manage
Slide 87: Building scale through strategic acquisitions
Building scale through strategic acquisitions €135m annual sales added in 2 years 2025 Asian reference specialist €45m in power busbars sales Specialist in 2026 low - and medium -voltage €90m power protection solutions sales Value created for Legrand Value creation enabled by Legrand Management Loca
Slide 88: Acquisition docking use case
Acquisition docking use case Example of Linkk successful docking From busbar leader… …to integrated solution START JOINS LEGRAND FACTORY 3 & 4 EPOXY EXPORT CREATION FACTORY 1 FACTORY 2 1992 2025 2026 2000 2002 2012 2019 2024 €45m sales Foundations: early industrial expertise Creation of a recognized
Slide 89: Key takeaways: Legrand in Malaysia
Key takeaways Legrand in Malaysia Booming data center market Strong exposure Ambitious targets 2.6 GW 65% Double IT load Legrand sales total Legrand sales in 2030 in data centers by 2030 Fast -growing Approximately €300m platform With a AI-driven combining full-stack offering supported by hyperscale
Slide 90: Upgraded 2030 ambitions
Upgraded 2030 ambitions Franck LEMERY - CFO CAPITAL MARKETS DAY 2026
Slide 91: What we achieved (1/3)
What we achieved (1/3) Sales growth -7% +21% +22% +4% €9.5bn LFL+M&A +54% €6.6bn +7.4% CAGR 2019 Volume Price 2025 Acquisitions FX & Russia Sales LFL LFL Sales CAPITAL MARKETS DAY 2026 91
Slide 92: What we achieved (2/3)
What we achieved (2/3) Adjusted operating margin 1 evolution -0.2pts -0.9pts +1.8pts 20.7% 20.0% 2019 Organic Incremental Acquisitions 2025 Adjusted operating Adjusted operating margin 1 leverage restructuring dilution margin 1 CAPITAL MARKETS DAY 2026 1.After acquisitions and including restructurin
Slide 93: What we achieved (3/3)
What we achieved (3/3) Free Cash Flow and Capital Allocation 2020 to 2025 2020 to 2025 Free Cash Flow Capital allocation M&A €4.3bn €7.2bn 15.1% of sales Dividend €2.8bn Share buybacks €0.8bn CAPITAL MARKETS DAY 2026 93
Slide 94: Upgraded 2030 Ambitions (1/4)
Upgraded 2030 Ambitions (1/4) End -market tailwinds toward 2030 Essential Data centers Energy transition 2 infrastructures End -market current exposure 1 ~32% ~22% ~46% Market CAGR mid -to-high -teens mid -single -digit low -single -digit Building recovery Artificial intelligence Electrification Age
Slide 95: Upgraded 2030 Ambitions (2/4)
Upgraded 2030 Ambitions (2/4) Sales / 2027 -2030 1 Organic +6% to +8% CAGR M&A ~+5% yearly average Divestments 2 €0.5bn to €1.0bn of sales CAPITAL MARKETS DAY 2026 1. Assuming no major macroeconomic disruption 2. Over the period, focused on selected essential infrastructures offerings with margins i
Slide 96: Upgraded 2030 Ambitions (3/4)
Upgraded 2030 Ambitions (3/4) Margin & Cash / 2027 -2030 1 Adjusted 21% to 22% operating margin 2 of sales, on average Free Cash Flow 13% to 15% of sales, on average Cash conversion 3 >100% on average CAPITAL MARKETS DAY 2026 1. Assuming no major macroeconomic disruption 2. After acquisitions, incl.
Slide 97: Upgraded 2030 Ambitions (4/4)
Upgraded 2030 Ambitions (4/4) Capital Allocation / 2027 -2030 1 M&A ~60% of Free Cash Flow, on average Dividend ~50% net income payout, on average Share buybacks Selective Leverage 1.5x to 2.5x net debt / EBITDA ratio CAPITAL MARKETS DAY 2026 1. Assuming no major macroeconomic disruption 97
Slide 98: Upgraded 2030 ambitions
Upgraded 2030 ambitions Accelerating further value creation 2027 -2030 ambitions 1 Accelerating Improved mix towards growth +6% to +8% LFL growth organic growth Growth above the market average CAGR Value -accretive M&A Targeted acquisitions ~+5% scope effect with stringent financial criteria from M&
Slide 99: Conclusion
Conclusion Benoît COQUART - CEO CAPITAL MARKETS DAY 2026
Slide 100: Legrand will be ideally positioned for the next decade
Legrand will be ideally positioned for the next decade % of Legrand total sales 2021 2025 2030 Energy and digital transition 1 40% 53% ~70% Essential infrastructures 60% 47% ~30% CAPITAL MARKETS DAY 2026 1. Datacenters, energy transition, digital lifestyles, FY 100
Slide 101: Key takeaways
Key takeaways A successful repositioning strengthening the Group’s growth profile Unique business model supported by best -in-class profitability, cash generation and M&A capabilities Upgraded value -creating ambitions for 2030 CAPITAL MARKETS DAY 2026 101
Slide 102: Q&A
gus - bet ZY CAPITAL MARKETS DAY 2026
Slide 103: Investor relations
Investor relations Ronan MARC Tel: +33 (0)1 49 72 53 53 ronan.marc@legrand.com CAPITAL MARKETS DAY 2026 103
Slide 104: Abbreviations and acronyms
Abbreviations and acronyms AC Alternating Current LVDC Low Voltage Direct Current API Application Programming Interface MTBF Mean Time Between Failures BAT Baidu, Alibaba, Tencent MV Medium Voltage BMS Building Management System OCP Open Compute Project CDU Coolant Distribution Unit ORv 3 Open Rack
Slide 105: Disclaimer
Disclaimer This presentation has been prepared by Legrand solely for use at its Capital Markets Day to be held on 29 September 2026 . The information contained in this presentation has not been independently verified and no representation or warranty expressed or implied is made as to, and no relian