Legrand Sa · EURONEXT:LR
Legrand Sa — Q1 2026 Earnings Presentation
35 slides from Legrand Sa's earnings presentation, May 7, 2026
Slide 1: First-quarter results 2026
May 7, 2026 First - quarter results 2026 FIRST -QUARTER RESULTS 2026
Slide 2: Content
Content 1. Highlights 2. Strong sales growth and excellent profitability 3. 2026 full -year targets confirmed 4. Sustained acquisition momentum 5. Success of the second international share ownership plan for employees 6. Combined General Meeting of Shareholders 7. Financial agenda & Corporate access
Slide 3: Highlights
Highlights FIRST -QUARTER RESULTS 2026 3
Slide 4: Highlights
Highlights Strong growth in sales of +18% (excl. currency effects) & excellent profitability – Organic sales growth : + 9.3% – Sales growth through acquisitions : +8.2% – Adjusted operating margin after acquisitions : 20.7% – Net profit attributable to the Group : +14.2% 4 acquisitions in datacenter
Slide 5: Strong sales growth and excellent profitability
Strong sales growth and excellent profitability FIRST -QUARTER RESULTS 2026 5
Slide 6: Q1 2026 – Change in net sales
Q1 2026 – Change in net sales € million s + 18.3% Excl. currency effects 2,538 2,278 +9.3% Organic +11.4% External 1 +8.2% 2 -5.8% FX Q1 2025 Q1 2026 1. Based on acquisitions announced as of today and their likely dates of consolidation, the 2026 full -year impact of scope changes would be close to
Slide 7: Q1 2026 – Organic sales trends by destination
Q1 2026 – Organic sales trends by destination E UROPE N ORTH & C ENTRAL A MERICA R EST OF THE W ORLD 36.3 % OF G ROUP 46 .1% OF G ROUP 17.6% OF G ROUP -2.8% +25.8% -1.8% Still contrasted building market United States +29.1% Asia -Pacific -3.0% Growth notably in Germany and Italy (43.4% of Group) (11
Slide 8: Q1 2026 – Adjusted operating margin
Q1 2026 – Adjusted operating margin Q1 2025 Adjusted operating margin 20.7% Organic evolution of margin -0.2 pts Q1 2026 Adjusted operating margin before acquisitions 1 20.5% Impact of acquisitions +0.2 pts Q1 2026 Adjusted operating margin 20 .7% Despite inflation already affecting the cost base, L
Slide 9: Q1 2026 – Solid value creation & balance sheet
Q1 2026 – Solid value creation & balance sheet N ET PROFIT F REE C ASH F LOW N ET DEBT TO EBITDA 1 RATIO ATTRIBUTABLE TO THE G ROUP €335 M €221 M 2.1x +14.2% vs. Q1 2025 8.7% of sales end of Q1 2026 1. Based on EBITDA in the last twelve months FIRST -QUARTER RESULTS 2026 9
Slide 10: 2026 full-year targets confirmed
2026 full -year targets confirmed FIRST -QUARTER RESULTS 2026 10
Slide 11: 2026 full-year targets confirmed
2026 full -year targets confirmed In 2026, the Group will continue to accelerate its profitable and responsible growth, in line with its strategic roadmap 1. Taking into account the current global macroeconomic environment, Legrand is targeting the following in 2026: - sales growth (excluding curren
Slide 12: Sustained acquisition momentum
Sustained acquisition momentum FIRST -QUARTER RESULTS 2026 12
Slide 13: Sustained acquisition momentum
Sustained acquisition momentum 4 acquisitions in datacenters and energy transition in 2026 so far, totaling ~ €275M annual sales A CQUISITIONS S ALES Brazilian specialist in the installation, maintenance and operation of technical infrastructure ~€45M U.S. specialist in low- and medium -voltage powe
Slide 14: Success of the 2nd international share ownership plan for employees
Success of the 2 nd international share ownership plan for employees FIRST -QUARTER RESULTS 2026 14
Slide 15: Success of the 2nd international share ownership plan for employees
Success of the 2 nd international share ownership plan for employees WE MOVE IN SYNC • Non -dilutive • Launched in March 2026 • >70% of the Group’s workforce • Subscription ~ 40% Success reflecting the confidence of Legrand teams in the Group's strategy FIRST -QUARTER RESULTS 2026 15
Slide 16: Combined General Meeting of Shareholders
Combined General Meeting of Shareholders on May 27, 2026 FIRST -QUARTER RESULTS 2026 16
Slide 17: Proposed change in Board of Directors composition
Proposed change in Board of Directors composition 1 I NDEPENDENT & DIVERSE BOARD COMPOSITION 1 Independence 80% Representation of women 60% Different nationalities 7 Continuously aligning with best governance practices 1. Subject to the approval of shareholders at General Meeting on May 27, 2026 FIR
Slide 18: Dividend in line with capital allocation policy
Dividend 1 in line with capital allocation policy €2.38 €2.20 +8.2% 2024 2025 50% payout 1. Subject to the approval of shareholders at General Meeting on May 27, 2026 and payable on June 2, 2026 This distribution will be made in full out of the distributable income FIRST -QUARTER RESULTS 2026 18
Slide 19: Financial agenda & Corporate access
Financial agenda & Corporate access FIRST -QUARTER RESULTS 2026 19
Slide 20: Key Financial Dates
Key Financial Dates General H1 2026 CMD Q3 2026 Assembly Release in Singapore Release May 27, 2026 July 29, 2026 September 29, 2026 November 5, 2026 FIRST -QUARTER RESULTS 2026 20
Slide 21: 2026 Corporate access calendar
2026 Corporate access calendar 1 Date Event Location Legrand participants May 12, 2026 UBS - Best of Europe Virtual One -on-One Virtual IR Team June 3, 2026 CIC Market Solutions - Roadshow Milan IR Team June 8, 2026 JP Morgan - ESG Series Call Virtual Management (C -suite) June 17, 2026 JP Morgan -
Slide 22: Appendices
Appendices FIRST -QUARTER RESULTS 2026 22
Slide 23: Glossary
Glossary Adjusted operating profit is defined as operating profit adjusted for amortization and depreciation of revaluation of assets at the time of acquisitions and for other P&L impacts relating to acquisitions, and where applicable, impairment of goodwill . Cash flow from operations is defined as
Slide 24: Change in net sales
Change in net sales Breakdown of change in Q1 202 6 net sales by destination ( €mm) 264.6 -9.0 -157.3 187.8 259.8 -26.3 2,537.6 2,277.8 North Rest of Europe & Central the America World +8 .2% 1 +9 .3% -5.8% +11.4% Scope of Organic growth FX Total consolidation Q1 202 5 Q1 202 6 1. Due to the consoli
Slide 25: 2026 First quarter – net sales by destination
2026 First quarter – net sales by destination 1 Total Scope of Like -for-Like Currency In € millions Q1 2025 Q1 2026 Change Consolidation Growth Effect Europe 932.4 921.5 -1.2% 2.1% -2.8% -0.4% North and Central America 929.9 1,169.0 25.7% 10.3% 25.8% -9.4% Rest of the World 415.5 447.1 7.6% 17.5% -
Slide 26: 2026 First quarter – net sales by origin
2026 First quarter – net sales by origin 1 Total Scope of Like -for-Like Currency In € millions Q1 2025 Q1 2026 Change Consolidation Growth Effect Europe 974.0 996.1 2.3% 2.7% 0.0% -0.5% North and Central America 940.5 1,152.1 22.5% 10.2% 23.0% -9.6% Rest of the World 363.3 389.4 7.2% 18.0% -2.0% -7
Slide 27: 2026 First quarter – P&L
2026 First quarter – P&L In € millions Q1 2025 Q1 2026 % change Net sales 2,277.8 2,537.6 +11.4% Gross profit 1,194.0 1,282.0 +7.4% as % of sales 52.4% 50.5% Adjusted operating profit 470.4 524.7 +11.5% as % of sales 20.7% 20.7% (1) Amortization & depreciation of revaluation of assets at the time of
Slide 28: 2026 First quarter – adjusted operating profit by geographical region
2026 First quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q1 2026 Rest of Europe Central Total (in € millions) the World America Net sales 996.1 1,152.1 389.4 2,537.6 Cost of sales (447.2) (577.4) (231.0) (1,255.6) Administrativ
Slide 29: 2025 First quarter – adjusted operating profit by geographical region
2025 First quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q1 2025 Rest of Europe Central Total (in € millions) the World America Net sales 974.0 940.5 363.3 2,277.8 Cost of sales (433.2) (446.9) (203.7) (1,083.8) Administrative
Slide 30: First quarter – reconciliation of cash flow from operations with profit
202 6 First quarter – reconciliation of cash flow from operations with profit In € millions Q1 2025 Q1 2026 Profit 294.3 336.1 Depreciation , amortization and impairment 95.2 104.0 Changes in other non -current assets and liabilities and long -term deferred taxes 9.7 0.2 Unrealized exchange (gains)/
Slide 31: First quarter – reconciliation of free cash flow with cash flow from operations
202 6 First quarter – reconciliation of free cash flow with cash flow from operations In € millions Q1 2025 Q1 2026 % change Cash flow from operations 406.3 450.9 +11.0% as % of sales 17.8% 17.8% Decrease /(Increase ) in working capital requirement (185.3) (194.1) Net cash provided from operating ac
Slide 32: Scope of consolidation (1/2)
Scope of consolidation (1/2) 2025 Q1 H1 9M FY Full consolidation method APP Balance sheet only 6 months 9 months 12 months P OWER B US WAY Balance sheet only 6 months 9 months 12 months P ERFORMATION Balance sheet only Balance sheet only Balance sheet only 11 months CRS Balance sheet only Balance sh
Slide 33: Scope of consolidation (2/2)
Scope of consolidation (2/2) 2026 Q1 H1 9M FY Full consolidation method APP 3 months 6 months 9 months 12 months P OWER B US WAY 3 months 6 months 9 months 12 months P ERFORMATION 3 months 6 months 9 months 12 months CRS 3 months 6 months 9 months 12 months L INKK B USWAY S YSTEMS 3 months 6 months
Slide 34: Investor Relations / Press Relations
INVESTOR RELATIONS LEGRAND Ronan MARC Tel: +33 (0)1 49 72 53 53 ronan.marc@legrand.com PRESS RELATIONS TBWA Corporate Lucie DAUDIGNY Mob: +33 (0)6 77 20 71 11 lucie.daudigny@tbwa -corporate.com FIRST -QUARTER RESULTS 2026 34
Slide 35: Disclaimer
Disclaimer 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 reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein