Luxempart S.a. · LUXSE:LXMPR
Luxempart — Shareholder Meeting (April 2025)
30 slides from Luxempart's shareholder meeting presentation, Apr 28, 2025
Slide 1: Annual General Meeting of Luxempart
ANNUAL GENERAL MEETING OF LUXEMPART 28th April 2025
Slide 2: Table of contents
Table of contents ▪ Appointment of the secretary of the meeting by the Chairman of the General Meeting ▪ Appointment of one or several scrutineers by the General Meeting ▪ Acknowledgement by the General Meeting of the following declarations by the Chairman of the General Meeting: • Meeting convening
Slide 3: Agenda of the meeting
Agenda of the meeting 1. Presentation of the main events during the financial year 2024 and of the outlook 2. Presentation of the financial results for the year 2024 3. Presentation of the management report for the financial year 2024 4. Presentation of the audit reports 5. Report on any conflict of
Slide 4: Agenda of the meeting
Agenda of the meeting 10. Discharge of the directors for the performance of their duties during the financial year 2024 11. Renewal of the mandate of Mrs. Madeleine Jahr as a director for a 3-year period 12. Renewal of the mandate of LIDA SAS (with Mr. Gregoire Chertok as permanent representative) a
Slide 5: Luxempart at a glance
1. Activity report Luxempart at a glance € 2.3BN* € 384M** c. 11% ~3.3% yield EQUITY AVAILABLE LIQUIDITY IRR OVER 10 YEARS STEADY DIVIDEND POLICY 32% 25+ 50+ ~30 STAKE IN DIRECT PORTFOLIO ACTIVE FUND DEDICATED LEADING INSURANCE LINES INVESTMENTS PROFESSIONALS COMPANY 5 Annual general meeting of luxe
Slide 6: Key highlights 2024
1. Activity report Key highlights 2024 8.3% 25.4% 66.3% 6 Annual general meeting of luxempart - 28th April 2025
Slide 7: Key highlights 2024 – Direct Investments
1. Activity report Key highlights 2024 – Direct Investments ESG exit in April 2024 Medios acquisition in June 2024 7 Annual general meeting of luxempart - 28th April 2025
Slide 8: Key highlights 2024 – Direct Investments – Portfolio breakdown
1. Activity report Key highlights 2024 – Direct Investments – Portfolio breakdown Private Equity portfolio: +11% Listed Equity portfolio: +8.6% Good performance of most portfolio companies in 2024 Well diversified portfolio across sectors Companies mostly active in Europe 4 impacting lines: -58.1% S
Slide 9: Key highlights 2024 – Investment Funds
1. Activity report Key highlights 2024 – Investment Funds NAV (Fair value of invested amounts): EUR 588m Undrawn commitments: EUR 261m 9 Annual general meeting of luxempart - 28th April 2025
Slide 10: NAV and Stock Price evolution
1. Activity report NAV and Stock Price evolution NAV evolution vs. MSCI Mid Cap Europe Net return (IRR*) Stock Price evolution vs. MSCI Mid Cap Europe Net return (IRR*) (periods ending 31/12/2024) 1.10pp 7.90pp 4.80pp 13.1% (7.90)pp 10.3% 10.0% 9.2% 9.2% 5.2% 5.2% 1.3% LXP MSCI LXP MSCI LXP MSCI LXP
Slide 11: Refined Strategy (2024+)
1. Activity report Refined Strategy (2024+) Luxempart is a focused investor in late-growth, small and mid-sized buyouts, with a disciplined approach anchored in sector expertise, active ownership, and long-term value creation Focus Geographical Diversification Late- growth and mid-sized buyouts Belu
Slide 12: Sustainability at Luxempart – A strategic lever to create and protect long-term value
1. Activity report Sustainability at Luxempart – A strategic lever to create and protect long-term value Responsible investing has been for long and remains at the heart of Luxempart’s investment philosophy We firmly believe that sustainable growth supports financial performance. By signing the Unit
Slide 13: Recent events and outlook – the current trade war raises uncertainties
1. Activity report Recent events and outlook – the current trade war raises uncertainties on the markets Recent events 03/2025 Atenor : pro rata participation (EUR 7.5m) in a EUR 45m capital increase led by the company’s stable shareholders. 04/2025 Nexus : closing of the take-over bid by TA Associa
Slide 14: IFRS Consolidated financial accounts
2. Presentation of the financial results for the year 2024 IFRS Consolidated financial accounts CONSOLIDATED ACCOUNTS (in € million) 12/31/2024 12/31/2023 Consolidated net result 30 184 NA Total equity 2,311 2,324 -0.6% Total balance sheet 2,323 2,336 NA Equity - Group share (€) 114.72 115.43 -0.6
Slide 15: Presentation of the management report for the financial year 2024
3. Presentation of the management report for the financial year 2024 The main events of the financial year 2024 were presented in the Activity report. 15 Annual general meeting of luxempart - 28th April 2025
Slide 16: Presentation of the audit reports
4. Presentation of the audit reports A presentation of the audit reports relating to the consolidated financial statements and the statutory annual accounts of LUXEMPART for the financial year 2024 is given during the General Meeting. The statutory auditor KPMG issued an unqualified audit opinion on
Slide 17: Report on any conflict of interest of a financial nature
5. Report on any conflict of interest of a financial nature The secretary general reports on any transactions decided by the Board of Directors or the Group Executive Committee in 2024 in which a director or a member of the executive committee had a financial interest opposite to that of LUXEMPART.
Slide 18: Question time
Question time 18 Annual general meeting of luxempart - 28th April 2025
Slide 19: Approval of the consolidated financial statements for the financial year 2024
6. Approval of the consolidated financial statements for the financial year 2024 Proposed resolution: Approval of the consolidated financial statements of LUXEMPART for the financial year 2024. 19 Annual general meeting of luxempart - 28th April 2025
Slide 20: Approval of the statutory annual accounts for the financial year 2024
7. Approval of the statutory annual accounts for the financial year 2024 Proposed resolution: Approval of the statutory annual accounts of LUXEMPART for the financial year 2024. LUXGAAP ACCOUNTS (in € million) 12/31/2024 12/31/2023 Profit / loss 24 38 NA Total equity 1,210 1,230 -1.6% Total balanc
Slide 21: Allocation of the result of the financial year 2024 including the declaration of a dividend
8. Allocation of the result of the financial year 2024 including the declaration of a dividend Proposed resolution: • Approval of a 2.33 EUR/share gross dividend payment (+ 7,37 %) • No dividend declared on treasury shares • Approval of the allocation of the result for the financial year 2024 as bel
Slide 22: Remuneration of the directors and executive committee members in 2024
9. Presentation of the remuneration of the directors and executive committee members in 2024 and consultative vote on the 2024 remuneration report Proposed resolution: Approval by way of consultative vote of the annual report on the remuneration of the directors (including the managing directors) an
Slide 23: Discharge of the directors for the financial year 2024
10. Discharge of the directors for the performance of their duties during the financial year 2024 Proposed resolution: Grant of discharge to the directors of LUXEMPART for the exercise of their mandate during the financial year 2024. 23 Annual general meeting of luxempart - 28th April 2025
Slide 24: Renewal of the mandate of directors
11./12./13. Renewal of the mandate of directors Proposed Resolutions: Renewal of the mandate of the following Directors as follows: Term of office Office John Penning 3 years Non-Executive Director Madeleine Jahr 3 years Non-Executive and Independent Director LIDA SAS (with Gregoire Chertok as perma
Slide 25: Appointment of Mr. Valentin Cogels as a director for a period of 3 years
14. Appointment of Mr. Valentin Cogels as a director for a period of 3 years Proposed resolution: Appointment of Mr. Valentin Cogels as a director of LUXEMPART for a term of 3 years ending on the date of the annual general meeting to be held in 2028. The appointment of Mr. Valentin Cogels would brin
Slide 26: Approval of the remuneration of the directors
15. Approval of the remuneration of the directors Proposed resolution: UNCHANGED Approval of the remuneration of the members of the Board of Directors as follows: ➢ Each member of the Board of Directors will be entitled to a fixed fee of € 50,000 per year. This indemnity is € 90,000 per year for the
Slide 27: Renewal of the mandate of the independent auditor for the financial year 2025
16. Renewal of the mandate of the independent auditor for the financial year 2025 Proposed resolution: Renewal of the mandate of KPMG Audit S.à.r.l. as independent auditor of LUXEMPART (réviseur d’entreprises agréé) for the financial year 2025. 27 Annual general meeting of luxempart - 28th April 202
Slide 28: Authorization of Luxempart to acquire its own shares for a 5-year period
17. Authorization of LUXEMPART to acquire its own shares for a 5-year period Proposed resolution: Approval of the authorization of LUXEMPART to acquire its own shares (by the decision of the Board of Directors with option to delegate to the Executive Committee) as follows: 1. Maximum 30% of the subs
Slide 29: Miscellaneous & questions
18. Miscellaneous & questions 29 Annual general meeting of luxempart - 28th April 2025
Slide 30: Thanks for your attention
Thanks for your attention