Legrand Sa · EURONEXT:LR
Legrand Sa — Q1 2025 Earnings Presentation
38 slides from Legrand Sa's earnings presentation, May 7, 2025
Slide 1: First-quarter results 2025
May 7, 2025 First-quarter #LegrandImprov al ii
Slide 2: Content
Content = . Highlights Q1 2025 strong growth in sales and very solid results 2025 full-year targets confirmed Continued execution of strategic plan to 2030 Combined General Meeting of Shareholders on May 27, 2025 Financial agenda & Corporate access Noga PF w BW Appendices FIRST-QUARTER RESULTS 2025
Slide 3: First-quarter results 2025
w 6 FIRST-QUARTER RESULTS 2025 oi
Slide 4: Highlights
Highlights Q1 2025 strong growth in sales and very solid results ~ Sales growth : +11.2% (organic and acquisitions) ~ Adjusted operating margin : 20.7% of sales (after acquisitions) - Net profit attributable to the Group : 12.9% of sales The Group is pursuing the implementation of its strategic plan
Slide 5: First-quarter results 2025
FIRST-QUARTER RESULTS 2025
Slide 6: Q1 2025 - Change in net sales
Q1 2025 - Change in net sales € millions 411.2% Organic + acquisitions ie} +3.3% External’ Acquisitions sto FX’ Q1 2024 Q1 2025 1, Based on acquisitions announced the overall impact should be, in 2025, more than +4% full year 2, Based on the average exchange rates in April 2025 alone, the fultyear e
Slide 7: Q1 2025 - Organic sales trends by destination
Q1 2025 - Organic sales trends by destination EUROPE NORTH & CENTRAL AMERICA REST OF THE WORLD 40.9% oF GROUP 40.8% oF GRouP 18.2% OF GROUP -0.3% Sluggish building market in most countries Mature countries +0.9% (36.0% of Group) Strong growth in Spain, the UK or Germany Negative trends in France or
Slide 8: Q1 2025 - Adjusted operating margin
Q1 2025 - Adjusted operating margin Adjusted operating margin 20.5% Organic accretion on margin +0.2 pts Adjusted operating margin before acquisitions! 20.7% Acquisitions dilution on margin +0.0 pt Adjusted operating margin 20.7% High profitability demonstrating the strength of Legrand’s strategic m
Slide 9: Focus on US tariffs
Focus on US tariffs FY 2025 TARIFFS KEY EXPOSURE MITIGATING ACTIONS / \ - Targeted sales price increases close to50% —_—_- swinepiars | - Supply chains adjustments , of US Cost of Goods Sold / upPly . - . . . \ is imported / - Well-considered industrial footprint adaptation NX YL - and more FIRST-QU
Slide 10: Q1 2025 - Value creation
Q1 2025 - Value creation NET PROFIT ATTRIBUTABLE TO THE GROUP FREE CASH FLOW / €293mm 12.9% of sales Operating profit increase, partially offset by \ the negative impact of financial result and \ a corporate income tax rate up +2pts NN (at 28% in Q1 2025) FIRST-QUARTER RESULTS 2025 €188MM 8.3% of sa
Slide 11: Q1 2025 - Solid balance sheet
Q1 2025 - Solid balance sheet NET DEBT TO EBITDA' RATIO DEBT STRUCTURE a oN Va — Netdebt | 1.5x | €3.0bn \ end of QI 2025 J \ Gross Debt ~90% fixed rate / IN SL NX 5.3 years maturity LZ 1, Based on EBITDA in the last twelve months FIRST-QUARTER RESULTS 2025 O legrand’ n
Slide 12: 2025 full-year targets confirmed
ee. 2025 full-year _ targets confirmed FIRST-QUARTER RESULTS 2025 Oo legrand’ 12
Slide 13: 2025 full-year targets confirmed
2025 full-year targets confirmed In 2025, the Group is pursuing the profitable and responsible development laid out in its strategic roadmap. Taking into account the world's current macroeconomic outlook and progressively normalizing customs policies, and with confidence in its model for creating in
Slide 14: First-quarter results
° FIRST-QUARTER RESULTS | legrand 4
Slide 15: Q1 2025 - Datacenters: Positive trends on the quarter
Q1 2025 - Datacenters: Positive trends on the quarter POSITIVE SALES TREND BOOK-TO-BILL VITALITY Qi Q2 Q3 Q4 Qi 2024 2024 2024 2024 2025 Book-to-Bill >lin Q1 2025 Sales trend LFLyy EER ba bt FIRST-QUARTER RESULTS 2025 O legrand’ 15
Slide 16: Connected healthcare, Zeist, the Netherlands
- Connected healthcare - Zeist, the Netherlands - Sales > €20mm
Slide 17: Launch of 2025-2027 6th CSR Roadmap - pillars
Q1 2025 - Launch of 2025-2027 6" CSR Roadmap - 5 pillars FIRST-QUARTER RESULTS 2025 DQ ; Developing a Mitigating more circular Climate Change economy Serving our ba c ’) customers LO% fi \e/ Promoting Being a Diversity and Responsible Inclusion Business Cilegrand’ »
Slide 18: Launch of 2025-2027 6th CSR Roadmap - pillars
Q1 2025 - Launch of 2025-2027 6" CSR Roadmap - 5 pillars PROMOTING MITIGATING DEVELOPING A MORE SERVING BEINGA DIversITY & INCLUSION CLIMATE CHANGE CIRCULAR ECONOMY OUR CUSTOMERS RESPONSIBLE BUSINESS 35% of management positions (Grade Hay 14+) held by women 100% of headcount working in a diversity-
Slide 19: Combined General Meeting of Shareholders
_—_____ Combined General |=... Meeting of a. ‘Shareholders on May 27, 2025 FIRST-QUARTER RESULTS 2025
Slide 20: Proposed change in Board of Directors composition
Proposed change in Board of Directors composition! APPOINTMENT! INDEPENDENT & DIVERSE STEPHANE PALLEZ - INDEPENDENT DIRECTOR BOARD COMPOSITION! i Independence 82% Representation of women 55% Different nationalities 7 ©o90O Chair and CEO of FDJ United Continuously reflecting industry's best practices
Slide 21: 2024 Dividend in line with capital allocation policy
2024 Dividend in line with capital allocation policy €2.20 €2.09 2023 2024 Proposal ~50% payout 1. Subject to the approval of shareholders at General Meeting on May 27, 2025 and payable on June 2, 2025 This distribution will be made in full out of the distributable income FIRST-QUARTER RESULTS 2025
Slide 22: Financial agenda & Corporate access
lagenda & Corporate access inancia B.F hase 1 a s a 2 5 5 a ia cS rs Wi Ez & =< 5 g ps a £ iz
Slide 23: Financial agenda
Financial agenda ' ' 1 ' ' ' 1 ' 2025 ' H1 2025 ' Q3 2025 General 1 Release 1 Release Assembly ' ' 1 ' @ @ @ J 1 1 ' May 27,2025 | July 31, 2025 ' November 6, 2025 ' ' ' 1 FIRST-QUARTER RESULTS 2025
Slide 24: 2025 Corporate access calendar
2025 Corporate access calendar’ Date May 13, 2025 May 15, 2025 May 22, 2025 June 3, 2025 June 4, 2025 June 12, 2025 Sept. 2, 2025 Sept. 12, 2025 Sept. 23, 2025 Sept. 24, 2025 Dec. 2, 2025 Dec. 4, 2025 Dec. 9, 2025 Conferences Conference Oddo BHF - Sustainability forum UBS - Best of Europe virtual JP
Slide 25: Appendices
FIRST-QUARTER RESULTS 2025 | os
Slide 26: Glossary
Glossary Adjusted operating profit is defined as operating profit adjusted for: i/ amortization and depreciation of revaluation of assets at the time of acquisitions and for other P&L impacts relating to acquisitions, ii/ impacts related to disengagement from Russia (impairment of assets and effecti
Slide 27: Change in net sales
Change in net sales Breakdown of change in Q1 2025 net sales by destination (€mm) 67.0 249.6 2,277.8 North Rest of Europe & Central _— the America World XY ~- SY 1 +7.6% +1.0% Soaps ; 412.3% Organic growth consolidation Total Q1 2024 Q1 2025 1. Due to the consolidation of MSS, ZPE, Netrack Enovation
Slide 28: 2025 First quarter - net sales by destination
2025 First quarter - net sales by destination’ In € millions Q12024 = Q1.2025 Change one ot He oe Currency Effect Europe 886.0 932.4 5.2% 5.0% -0.3% 0.5% North and CentralAmerica 757.9 929.9 22.7% 0.9% 18.7% 2.4% Rest of the World 384.3 415.5 8.1% 41% 4.8% -0.9% Total 2,028.2 2,277.8 12.3% 3.3% 7.6%
Slide 29: 2025 First quarter - net sales by origin
2025 First quarter - net sales by origin’ In € millions Q12024 = Q1.2025 Change one ot He oe Currency Effect Europe 918.9 974.0 6.0% 5.0% 0.4% 0.5% North and Central America 767.5 940.5 22.5% 0.7% 18.8% 2.4% Rest of the World 341.8 363.3 6.3% 4.6% 2.8% -11% Total 2,028.2 2,277.8 12.3% 3.3% 7.6% 1.0%
Slide 30: 2025 First quarter - P&L
2025 First quarter - P&L In € millions Qi 2024 Q1 2025 % change Net sales 2,028.2 2,277.8 +12.3% Gross profit 1,076.2 1194.0 +10.9% as % of sales 53.1% 52.4% Adjusted operating profit 415.9 470.4 +13.1% as % of sales 20.5% 20.7% Amortization & depreciation of revaluation of assets at the time of acq
Slide 31: 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 Q1 2025 North and Rest of (in € millions) Europe Central the World Total 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 32: 2024 First quarter - adjusted operating profit by geographical region
2024 First quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and Q1 2024 Europe Central Rest of Total (in € millions) P . the World America Net sales 918.9 767.5 341.8 2,028.2 Cost of sales (411.2) (357.3) (183.5) (952.0) Administrativ
Slide 33: 2025 First quarter - reconciliation of cash flow from operations with profit
2025 First quarter - reconciliation of cash flow from operations with profit In € millions Q1 2024 Q1 2025 Profit 276.1 294.3 Depreciation, amortization and impairment 84.7 95.2 Changes in other non-current assets and liabilities and long-term deferred taxes n3 9.7 Unrealized exchange (gains)/losses
Slide 34: 2025 First quarter - reconciliation of free cash flow with cash flow from operations
2025 First quarter - reconciliation of free cash flow with cash flow from operations In € millions Q1 2024 Q1 2025 % change Cash flow from operations 383.8 406.3 +5.9% as % of sales 18.9% 17.8% Decrease (Increase) in working capital requirement (205.0) (185.3) Net cash provided from operating activi
Slide 35: Scope of consolidation (1/2)
Scope of consolidation (1/2) 2024 Full consolidated method MSS ZPE Systems ENOVATION NETRACK DAVENHAM Vass UPSIsTEMAS APP Power Bus Way Circul'R FIRST-QUARTER RESULTS 2025 Qi Balance sheet only Balance sheet only H1 6 months Balance sheet only Balance sheet only Balance sheet only Balance sheet only
Slide 36: Scope of consolidation (2/2)
Scope of consolidation (2/2) 2025 Full consolidated method MSS ZPE Systems ENOVATION NETRACK DAVENHAM Vass UPSIsTEMAS APP Power Bus Way Circul'R PERFORMATION CRS FIRST-QUARTER RESULTS 2025 Qi 3 months 3 months 3 months 3 months 3 months 3 months 3 months Balance sheet only Balance sheet only Balance
Slide 37: Investor Relations
s 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 7111 lucie.daudigny@tbwa-corporate.com FIRST-QUARTER RESULTS 2025 tl fégrand 37
Slide 38: 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