Luxempart S.A. · LUXSE:LXMPR
Luxempart — Shareholder Meeting (April 2023)
31 slides from Luxempart's shareholder meeting presentation, Apr 24, 2023
Slide 1: Annual General Meeting of Luxempart
ANNUAL GENERAL MEETING OF LUXEMPART 24 APRIL 2023
Slide 2: Opening of the General Meeting
OPENING OF THE GENERAL MEETING • Opening of the meeting • Appointment of the secretary of the meeting by the President 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 President of
Slide 3: Agenda of the Meeting
AGENDA OF THE MEETING 1. Presentation of the main events during the financial year 2022 and of the outlook 2. Presentation of the financial results for the year 2022 3. Presentation of the management report, the statement of governance and the sustainability report for the financial year 2022 4. Pre
Slide 4: Agenda of the Meeting
AGENDA OF THE MEETING 9. Approval of the annual executive remuneration report for the financial year 2022 10.Discharge of the directors for the performance of their duties during the financial year 2022 11.Renewal of the mandate of Ms. Kay Ashton as a director for a 3-year period 12.Renewal of the m
Slide 5: Agenda of the Meeting
AGENDA OF THE MEETING 16.Appointment of Mr. Xavier Coirbay as a director of the Company for a 3-year period 17.Approval of the revised executive remuneration policy 18.Approval of the remuneration of the directors 19.Renewal of the mandate of the independent auditor for the year 2023 20.Authorizatio
Slide 6: Word of the Executive Chairman
WORD OF THE EXECUTIVE CHAIRMAN ▪ Luxempart = 30 year-long story of entrepreneurship and strong human encounters ▪ Values are key to develop sustainable businesses ▪ Loyalty, transparency ▪ Passion for the business ▪ Quest for excellence ▪ Shared vision and clearly defined objectives ▪ Transfer of th
Slide 7: Word of the Executive Chairman
WORD OF THE EXECUTIVE CHAIRMAN ▪ New Non-Executive Chairman : Mr François Gillet ▪ Non-Executive Director of Luxempart since 1992 ▪ Acted as the Chair of the Audit, Compliance and Risks Committee ▪ Joined Sofina in 1988, where he became a Member of the Executive Committee until 2023 and held various
Slide 8: 1. Main events of 2022 and outlook
1. Main events of 2022 and outlook Luxempart SA - Annual General Meeting Page 8 24/04/2023
Slide 9: Performance 2022
1. Main events of 2022 and outlook Performance 2022 2,169.1 2,182.9 ▪ Overall Net Asset Value increase : +0.6% ▪ Strong market outperformance (MSCI Europe Mid Cap Net return index) : -19.3% ▪ Strong cash generation in a difficult environment : +EUR 101 million Luxempart SA - Annual General Meeting P
Slide 10: Performance 2022 – shareholder return
1. Main events of 2022 and outlook Performance 2022 – shareholder return Evolution of Net Asset Value per share Dividend Evolution 120,00 € 2,50 € 100,00 € +0.5% 2,00 € +27.2% 80,00 € +10.0% 107,78 € (+2.3%)* 1,50 € +8.1% +12.5% 60,00 € (+29.3%)* 108,28 € 84,72 € 1,00 € 1,98 € 40,00 € 1,80 € 1,48 €
Slide 11: Direct Investments activity
1. Main events of 2022 and outlook Direct Investments activity Net Asset Value per geography Net Asset Value per sector Luxempart SA - Annual General Meeting Page 11 24/04/2023
Slide 12: Investment Funds activity
1. Main events of 2022 and outlook Investment Funds activity Net Asset Value per geography Net Asset Value per strategy ▪ Total exposure (NAV + undrawn) : EUR 620m ▪ Total Undrawn commitments : EUR 236m Luxempart SA - Annual General Meeting Page 12 24/04/2023
Slide 13: Recent events and outlook
1. Main events of 2022 and outlook Recent events and outlook ▪ February 2023 : Signing of an investment agreement in Kestrel Vision. Investment amount EUR 110m resulting in a 26% stake ▪ February 2023 : Sale of our participation in listed company TCM, generating EUR 5,3m of cash ▪ March 2023 : Judge
Slide 14: IFRS Consolidated financial accounts
2. Presentation of the financial results for the year 2022 IFRS Consolidated financial accounts CONSOLIDATED ACCOUNTS (in € million) 31/12/2022 31/12/2021 Consolidated net result 46,4 498,7 NA Total equity 2 182,9 2 169,1 0,6% Total balance sheet 2 195,1 2 178,2 0,8% Equity - Group share (€) 108,3
Slide 15: Management report, governance and sustainability report
3. Presentation of the management report, the statement of governance and the sustainability report for the financial ye a r 2 0 2 2 A presentation is given during the meeting. Luxempart SA - Annual General Meeting Page 15 24/04/2023
Slide 16: 4. 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 2022 is given during the meeting. The statutory auditor KPMG issued an unqualified audit opinion on the con
Slide 17: 5. 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 in 2022 in which a director had a financial interest opposite to that of LUXEMPART. ▪ July 5, 2022 : Mr Olaf Kordes abstains on voting on an investment oppo
Slide 18: 6. Approval of the consolidated financial statements
6 . Ap p r o v a l o f t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s f o r the financial year 2022 Proposed resolution: • Approval of the consolidated financial statements of LUXEMPART for the financial year 2022. Luxempart SA - Annual General Meeting Page 18 24/04/2023
Slide 19: 7. Approval of the statutory annual accounts
7 . Ap p r o v a l o f t h e s t a t u t o r y a n n u a l a c c o u n t s f o r t h e financial year 2022 Proposed resolution: • Approval of the statutory annual accounts of LUXEMPART for the financial year 2022. LUXGAAP ACCOUNTS (in € million) 31/12/2022 31/12/2021 Profit / loss 11,8 159,8 NA To
Slide 20: 8. Allocation of the result including dividend
8. Al l o c at i o n o f t h e re s u l t o f t h e f i n a n c i a l ye a r 2 0 2 2 including the declaration of a dividend Proposed resolution: • Approval of the allocation of the result for the financial year 2022 and of the declaration of a dividend as set out in the table below. Allocation of t
Slide 21: 9. Approval of the annual executive remuneration report
9. Ap p r o v al o f t h e an n u al execu t iv e remu n er at i o n rep o rt for the financial year 2022 Proposed resolution: • Approval by consultative vote the annual remuneration report for the financial year 2022 concerning the members of the management and the Board of Directors (including the
Slide 22: 10. Discharge of the directors
10. Discharge of the directors for the performance of their duties during the financial year 2022 Proposed resolution: • Grant of discharge to the directors of LUXEMPART for the exercise of their mandate during the financial year 2022. Luxempart SA - Annual General Meeting Page 22 24/04/2023
Slide 23: 11-14. Renewal of the mandate of directors
11 . / 1 2 . / 1 3 . / 1 4 . R e n e w a l o f t h e m a n d a t e o f d i r e c t o r s Proposed Resolutions: • Renewal of the mandate of the following directors as follows: Term of office Office Kay Ashton 3 years Non-Executive and Independent Director Frank Donck 3 years Non-Executive and Indepen
Slide 24: 15. Appointment of Mr. Owen Tesch as director
1 5 . A p p o i n t m e n t o f M r. O w e n Te s c h a s a d i r e c t o r f o r a period of 3 years Proposed resolution: • Appointment of Mr. Owen Tesch as director of LUXEMPART for a term of 3 years ending on the date of the annual general meeting to be held in 2026. • Owen Tesch currently is an
Slide 25: 16. Appointment of Mr. Xavier Coirbay as director
1 6 . A p p o i n t m e n t o f M r. X a v i e r C o i r b a y a s a d i r e c t o r f o r a term of 3 years Proposed resolution: • Appointment of Mr. Xavier Coirbay as director of LUXEMPART for a term of 3 years ending on the date of the annual general meeting to be held in 2026. • Xavier Coirbay i
Slide 26: 17. Approval of the revised executive remuneration policy
1 7 . Ap p r o v a l o f t h e re v i s e d e x e c u t i v e re m u n e ra t i o n policy Proposed resolution: • Approval by consultative vote the revised remuneration policy for the members of management and the members of the Board of Directors of LUXEMPART. The main changes to the Group’s remune
Slide 27: 18. Approval of the remuneration of the directors
1 8 . Ap p r o v a l o f t h e re m u n e r a t i o n o f t h e d i re c t o r s Proposed resolution: • 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.- (excl. VAT) per year, irresp
Slide 28: 19. Renewal of the mandate of the independent auditor
19. Renewal of the mandate of the independent auditor for the year 2023 Proposed resolution: • Renewal of the mandate of KPMG Luxembourg, Société Anonyme as independent auditor of LUXEMPART (réviseur d’entreprises agréé) for the financial year 2023. Luxempart SA - Annual General Meeting Page 28 24/0
Slide 29: 20. Authorization to acquire its own shares
2 0 . A u t h o r i z a t i o n o f L U X E M PA R T t o a c q u i r e i t s o w n shares Proposed resolution: • Approval of the authorization of LUXEMPART to acquire its owns shares (by the Decision of the Board of Directors with option to delegate to the Executive Committee) as follows: • Authoriz
Slide 30: 21. Miscellaneous & questions
21. Miscellaneous & questions Luxempart SA - Annual General Meeting Page 30 24/04/2023
Slide 31: Luxempart
LUX EMPART