Slide 1: Investor presentation Results H1 2022
2022-10 Investor presentation Results H1 2022
Slide 2: Agenda
01 PRESENTATION 02 RESULTS H1 2022 03 LEADERSHIP 2025 ADVANCES AGENDA 04 OBJECTIVES 2022 05 NEXT MEETINGS 06 QUESTIONS / ANSWERS This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization. 2
Slide 3: Presentation
01 PRESENTATION AT THE EARTH OF LACROIX This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization.
Slide 4: An international, tech & industrial midcap
LACROIX CONNECTED TECHNOLOGIES For road systems FOR For utilities An international, infrastructure operators SMARTER SMARTER infrastructure operators tech & industrial Smart lighting MOBILITY WATER & ENERGY Smart Water midcap Traffic management & V2X Propose equipment to optimize & secure the mobili
Slide 5: Results H1 2022
02 RESULTS H1 2022 STRONG GROWTH IN REVENUE & RESISTANCE IN OPERATING PROFITABILITY This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization.
Slide 6: A dynamic activity in a contrasting environment
A DYNAMIC ACTIVITY IN A CONTRASTING ENVIRONMENT +32.8% View by quarter (€m) +3.7% lfl Revenue (€m) > 650 +29.4% +36.2% -0.6% pc +8.1% pc 501.5 165.1 173.2 338.4 127.6 127.2 254.8 Remind 1H21 1H22 Obj. FY21 FY22e Q1 Q2 Current EBITDA (€m, % Revenue) -14 bp -49 bp lfl • Growing activity in the first h
Slide 7: Electronics activity
ELECTRONICS ACTIVITY +47.9% View by quarter (€m) +3.8% lfl Revenue (€m) +41.0% +55.3% -3.2% lfl +11.3% lfl 321.5 122.1 126.0 248.2 86.6 81.1 167.8 Remind 1H21 1H22 Obj. FY21 FY22e Q1 Q2 Current EBITDA (€m, % Revenue) +71 bp • Growth of 47.9% in H1, driven by the integration of Firstronic and organic
Slide 8: City activity
CITY ACTIVITY -2.3% View by quarter (€m) Revenue (€m) -1.4% -3.1% 109.9 28.9 28.0 23.8 23.4 52.6 51.4 Remind 1H21 1H22 Obj. FY21 FY22e Q1 Q2 Current EBITDA (€m, % Revenue) -2.9 pts 3.3 • Activity in the first half of the year was mixed: -2.3% (3.0%) • Weakness of the Signaling and Traffic segment 0.
Slide 9: Environment activity
ENVIRONMENT ACTIVITY +12.9% View by quarter (€m) Revenue (€m) +14.0% +11.7% 70.1 19.6 19.2 17.2 17.2 34.4 38.8 Remind 1H21 1H22 Obj. FY21 FY22e Q1 Q2 Current EBITDA (€m, % Revenue) -2.1 pts 16.4 (23.4%) • Continued strong growth in revenues over the first half: +12.9%, driven by the Water, Heat Netw
Slide 10: Simplified income statement
SIMPLIFIED INCOME STATEMENT EARNINGS IMPACTED BY AMORTIZATION OF INTANGIBLE ASSETS, AND NON-CURRENT AND FINANCIAL EXPENSES In €m H1 2022 H1 2021 Reminder FY21 • Limited decline in operating profit (-93 bp) due to amortization of Revenue 338.4 254.8 501.5 intangible assets related to Firstronic ($2.9
Slide 11: Simplified balance sheet
SIMPLIFIED BALANCE SHEET June 30 December 31 In €m 2022 2021 Non-curent assets 256.9 250.6 Current assets (excluding cash) 323.0 259.3 • Growth in shareholders' equity vs. end 2021 (+€4.2m), driven by Cash and cash equivalents 19.4 33.4 earnings, exchange rate and actuarial gains, and dividends TOTA
Slide 12: Cash flow statement
CASH FLOW STATEMENT In €m H1 2022 H1 2021 Reminder FY21 Consolidated net income 3.5 6.2 22.4 • Cash flow from operations up €4.2m due to significant non-cash amortization Cash flow from operations 15.5 11.3 20.5 Change in WCR (30.1) (8.7) (15.7) • Strong negative variation of the WCR linked to the c
Slide 13: A strong financial structure
A STRONG FINANCIAL STRUCTURE Capitaux propres Gearing Equity, €m Gearing ratio 200 185 1,0 180 0,9 Target level (<0,80) 0,8 150 0,81 0,7 99 108 0,6 94 100 103 100 86 0,57 0,5 0,54 0,4 0,40 0,3 0,33 0,34 50 0,32 0,29 0,2 0,1 0 0,0 1 2015 2 2016 3 2017 4 2018 5 2019 6 2020 7 2021 8 S1 2022 • At the in
Slide 14: Leadership 2025 major advances
03 LEADERSHIP 2025 MAJOR ADVANCES This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization.
Slide 15: Strategic pillars to support our ambition
5 STRATEGIC PILLARS TO SUPPORT OUR AMBITION Technological Strategic M&A Industry 4.0 Transition to leadership geographical end-to-end solutions positions Strenghten our innovation Strengthen the and R&D capabilities international presence Improve industrial efficiency Develop a complete of existing
Slide 16: Strategic geographical positions
STRATEGIC GEOGRAPHICAL POSITIONS GOAL 2025 US + DE : > 30% 28% France 38% 43% Germany 2020 H1 2022 North America 54% €440m €338m Other countries 7% 9% 22% Contribution US + DE : ~ 9% Contribution US + DE : ~ 29% Stéphane KLAJZYNGER has been appointed President of LACROIX North America, starting from
Slide 17: Firstronic acquisition – synergies
FIRSTRONIC ACQUISITION – SYNERGIES Communication LACROIX brand positioning Procurement synergies Cross-selling ONGOING ONGOING Advanced discussions underway for all of the Group's As of today, 5 awarded programs for 2 customers purchasing channels NORTH AMERICA EMEA Distributors Brokers Manufacturer
Slide 18: Industry 4.0 - Symbiose opening on September 8, 2022
INDUSTRY 4.0 - SYMBIOSE OPENING ON SEPTEMBER 8, 2022 « Symbiose reflects our determination to become more competitive while reducing France's carbon footprint and reliance on foreign countries » Technological and digital Environmental Social innovation disruption responsibility • Automation & roboti
Slide 19: Confirmed objectives
04 CONFIRMED OBJECTIVES This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization.
Slide 20: Confirmation of 2022 annual objectives
Confirmation of 2022 annual objectives Opportunities > €650m ▪ Strong demand for LACROIX solutions ▪ Continued policy of price readjustment revenue (i.e. a growth of more than 30% ▪ High level of stocks, including strategic stocks vs 2021) ▪ Progressive ramp-up of the Symbiose plant + €11m - €15m es
Slide 21: Leadership 2025: an ambition
LEADERSHIP 2025 An ambition 2020 2025 €441m in revenue €800m in revenue 5,9% EBITDA ~9% EBITDA An international, industrial and A global leader innovative technological in industrial IoT solutions and equipment manufacturer electronic equipment for critical applications This document is proprietary
Slide 22: Next meetings
05 NEXT MEETINGS This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization. 25
Slide 23: Next meetings 2022
NEXT MEETINGS 2022 • November 7th, 2022 : Revenue Q3 2022 • November 24th, 2022 : Tech Day 2022 (digital) This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization. 26
Slide 24: Questions / Answers
06 QUESTIONS / ANSWERS This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization. 27
Slide 25: LACROIX in 2025 key figures
LACROIX IN 2025 Key figures €800m ~9% <0.8 Revenue EBITDA Margin Gearing ratio >75% >70% >5% Internal satisfaction Share of revenue Revenue out of France invested in R&D ~ 30% Profits distributed This document is proprietary and confidential to LACROIX and may not be reproduced without prior authori