Slide 1: Investors Presentation Results 2025
APRIL 1ST, 2026 INVESTORS PRESENTATION Results 2025 1 1
Slide 2: Agenda
Agenda 01 PRESENTATION Vincent BEDOUIN 02 RESULTS 2025 Chief Executive Officer 03 GUIDANCE 2026 Nicolas BEDOUIN 04 UPCOMING EVENTS Chief Operating Officer & Executive Vice-President Finance 05 QUESTIONS & ANSWERS This document is proprietary and confidential to LACROIX and may not be reproduced with
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: Our vision
OUR VISION AT LACROIX, WE BELIEVE TECHNOLOGY SHOULD CONTRIBUTE TO SIMPLE, SUSTAINABLE & SAFER ENVIRONMENTS This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization. 4 .
Slide 5: 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 6: 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 7: Electronics activity
Electronics activity Our customized services, from design to manufacturing and operational maintenance HBAS Avionics Automotive Industry Home & Building & defense Healthcare Automation • Powertrain & e-mobility • Machine/robot controls • Automation & connectivity • Cabin & passenger comfort • Medica
Slide 8: Environment activity
Environment activity Our complete range of connected and secure solutions, from equipment to centralization and supervision systems IIoT & RTUs Sensors & actuators Connection boxes & accessories IoT platforms Supervision Professional services Water HVAC Smart Smart Heating, Ventilation & networks Ai
Slide 9: Our commitments to useful & sustainable electronics
Our 4 commitments to useful & sustainable electronics IMPACT INDICATORS 2024 2025 OBJECTIVES GROW POSITIVE Share of impact business 67% 74% 80% IMPACT BUSINESS in revenue in 2030 DESIGN ECO-EFFICIENT Share of new LACROIX 71% 100% 100% products eco-designed in 2026 SOLUTIONS GHG emissions scopes 1&2
Slide 10: A virtuous strategic refocus to unlock resilient and profitable growth
A virtuous strategic refocus to unlock resilient and profitable growth CITY (Road Signs + Mobility) ELEC NA ELEC EMEA ENVI 761 708 Guidance 636 501 475-500 441 445 REVENUE 397 353 304 M€ 275 321 359 86 92 104 114 124 141 Adaptation to a new 2020 2021 2022 2023 2024 2025 2027 global political and eco
Slide 11: Results 2025 in line with guidance
02 RESULTS 2025 IN LINE WITH GUIDANCE STRATEGIC REFOCUS DELIVERED AS PLANNED EXIT of NA performed and financed with NET DEBT / EBITDA in line with target 7,6% EBITDA This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 12: 2025 was a turning point year for LACROIX
_ 2025 was a turning point year for LACROIX, marked by structural changes, organizational refocusing and a stabilization trajectory for the Group Exit from North America was the most structuring decision of the year: • Successful M&A transaction for the Grand Rapids (US) site, securing industrial co
Slide 13: Revenue at €445m, EBITDA margin at 7.6%
Revenue at €445m, EBITDA margin at 7.6% -30% vs Y-1 (-6.5% l-f-l) CITY MOBILITY1 Revenue by quarter, €M ELEC NA2 Revenue (€M) 761 27 ROAD SIGNS 181 165 636 169 141 144 142 58 18 445 116 112 107 110 511 477 445 132 127 109 110 116 112 107 110 FY2023 FY2024 FY2025 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q
Slide 14: Electronics activity results
ELECTRONICS Activity -38% vs Y-1 -14% l-f-l ELEC NA1 Revenue by quarter, €M Revenue (€M) 562 139 129 494 166 115 111 40 33 141 35 32 81 304 77 72 74 397 353 98 96 79 79 FY2023 FY2024 FY2025 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 As reported As reported As reported +1,8€M vs Y-1 • ELECTRONIC
Slide 15: Environment activity results
ENVIRONMENT Activity +14.4% vs Y-1 Revenue by quarter, €M Revenue (M€) 141,2 123,4 113,5 34,0 34,7 35,4 35,0 36,1 30,3 29,2 29,8 FY2023 FY2024 FY2025 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 +8,7€M vs Y-1 • ENVIRONMENT sales reached €141,2m in 2025, up 14,4% year on year Recurring EBITDA (M€,
Slide 16: Simplified income statement
SIMPLIFIED INCOME STATEMENT FY 2024 • Operating income of €17.0M with lower non- In M€ FY 2025 (retreated FY 2024 current expenses compared to last year from NA) • Organizational adjustments in 2025 and provision for tax audit risk Revenue 445,5 494,4 635,5 • Loss on the sale of the Road signs BU in
Slide 17: Simplified balance sheet
SIMPLIFIED BALANCE SHEET December 31 December 31 In €M 2025 2024 Non-current assets 156,8 211,5 Current assets (excluding cash) 176,7 258,0 • Treatment of Electronics North Cash and cash equivalents 37,5 41,6 America as assets and liabilities held for sale Assets held for sale 19,2 26,6 • Decrease i
Slide 18: Cash flow statement
CASH FLOW STATEMENT Continu Discont In M€ 2025 2024 ed inued Consolidated net income 8,9 (56,0) (47,1) Cash flow from operations 30,5 (28,1) 2,3 • Positive Free Cash Flow of €36,6M with contained cash consumption Change in working capital 28,0 + 8,9 36,9 from discontinued activities requirement Net
Slide 19: Net debt & gearing ratio, €M
NET DEBT & GEARING RATIO, €M 139 Net Debt • Net debt at €80,8 M Gearing 113 decreasing by €32 M vs 113 2024 103 • Deconsolidating factoring program for €16.5 M supporting improvement 81 • Equity impacted by net income from discontinued operation 56 0,86 • Gearing at 0,86 0,81 0,72 • Net debt (incl I
Slide 20: Guidance 2026 & Perspectives 2027
03 GUIDANCE 2026 & PERSPECTIVES 2027 This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 21: From rapid expansion to a resilient development approach
REMINDER: From a rapid expansion strategy to a resilient development approach REQUIRING A RESILIENT A DIFFERENT WORLD DEVELOPMENT APPROACH A clear positioning as a trusted partner 1 for critical applications with resilient solutions & supply chain INDUSTRY AS A More focus in terms of business & more
Slide 22: In 2026, LACROIX expects moderate topline progression and EBITDA margin maintained
In 2026, LACROIX expects moderate topline progression and EBITDA margin maintained An important year of consolidation & debt reduction 445 >445 We further solidify our basis to achieve 2027 and prepare for 2030 trajectory ENVI • After nearly 15% growth in 2025, we expect a stabilization of the Envir
Slide 23: Moderate growth trajectory for Electronics activity
Moderate growth trajectory for ELECTRONICS activity driven by the refocus on most strategic markets ELECTRONICS REVENUE* BY MARKET SEGMENT, €M Trusted partner in strategic segments 511* for regional resilience & agility 8% A virtuous pivot… moving from crisis 19% management in ELEC NA to building a
Slide 24: Sustained growth for Environment supported by favorable market trends
Sustained growth for ENVIRONMENT supported by favorable market trends ENVIRONMENT REVENUE BY MARKET SEGMENT, €M Ageing of infrastructure & 2G/3G stop + pushing renewal of equipment +7-8% Benefitting from local regulations and 141 SMART + fundings (e.g. NOTRe law in FR, PERTE in Spain, PNRR in Italy.
Slide 25: 2027 objectives confirmed
2027 OBJECTIVES CONFIRMED 2027 Revenue €475-500M 2027 EBITDA > 8% margin 2025 2026 2027 Net Debt / EBITDA < 3.0 < 2.5 < 2.0 This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization. 25 .
Slide 26: Upcoming events
04 UPCOMING EVENTS This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 27: Next appointments
NEXT APPOINTMENTS • May 11, 2026: Revenue Q1 2026 • July 23, 2026: Revenue Q2 and H1 2026 • September 30, 2026: Half-year results 2026 • November 2, 2026: Revenue Q3 2026 Ce document est confidentiel, et est la propriété de LACROIX, il ne peut être reproduit sans autorisation préalable. 27
Slide 28: Thank you for your attention
05 Thank you for your attention 28