Lacroix Group Sa · EURONEXT:LACR
Lacroix Group Sa — H1 2024 Earnings Presentation
17 slides from Lacroix Group Sa's earnings presentation, July 2024
Slide 1: LACROIX Meeting
ay ELACROIX. CONNECTED TECHNOLOGIES For ASMARTER WORLD LACROIX Meeting
Slide 2: LACROIX Snapshot
LACROIX SNAPSHOT LACROIX MEETING This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 3: Reminder: two major decisions announced on May 22nd
REMINDER : after closing Road Signs divestment, LACROIX announced 2 major decisions on May 22nd 1 Transfer of the Street Lighting entity within the ENVIRONMENT activity Reorganization of ENVIRONMENT activity NEW Smart WATER Smart HVAC Smart GRIDS Smart LIGHTING CARVE-OUT Carve-out of CITY – mobility
Slide 4: City Activity
CITY ACTIVITY Our turnkey offer of equipment & solutions to optimise & safeguard smart road infrastructure assets Street Lighting Traffic management V2X Road signs Street lighting management Equipment & systems for Urban & intercity traffic Road equipment autonomous connected management equipment si
Slide 5: Environment Activity
ENVIRONMENT ACTIVITY Our turnkey offer of equipment & solutions to optimize & secure water & energy infrastructures Water networks Heating, Ventilation & Air Smart Grids Street Lighting Conditioning (HVAC) This document is proprietary and confidential to LACROIX and may not be reproduced without pri
Slide 6: Our Mission and Ambition
OUR MISSION Contribute to the development of more sustainable living ecosystems through useful, robust & secure connected technologies WE DESIGN & MANUFACTURE WE PROVIDE OUR AMBITION Electronic equipment Industrial IoT Become a to contribute to the solutions to serve global leader automotive, indust
Slide 7: Key Figures
KEY FIGURES An international, tech & industrial midcap €761M Revenue in 2023 EMEA ~ 75% REVENUE NORTH AMERICA ~ 25% REVENUE APAC ~5 100 TEAMS LOCATIONS Collaborators in 2023 FRANCE POLAND USA SINGAPORE GERMANY TUNISIA MEXICO CHINA SPAIN BELGIUM Located in 13 countries ITALY SAUDI ARABIA MOROCCO 1/3
Slide 8: Key Figures – excluding City Mobility & Road Signs segments
KEY FIGURES – excluding City Mobility & Road Signs segments An international, tech & industrial midcap €675M* Revenue in 2023 ~4 700 LOCATIONS Collaborators in 2023 EMEA ~ 75% revenue NORTH AMERICA ~ 25% revenue APAC FRANCE POLAND USA SINGAPORE Located in 12 countries GERMANY TUNISIA MEXICO CHINA SP
Slide 9: Revenue H1 2024
REVENUE H1 2024 LACROIX MEETING This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 10: First-semester 2024 revenue of €350 million (-7.0%) in line with expectations
First-semester 2024 revenue of €350 million (-7,0%) in line with expectations EXCLUDING CITY-MOBILITY SEGMENT (TREATED AS DISCONTINUED OPERATIONS IN ACCORDANCE WITH IFRS 5) Revenue, M€ Road Sign segment Key takeaways -7,0% • Evolution in line with the trends +15,7% 377 communicated by LACROIX at the
Slide 11: Environment: Excellent momentum with 18% growth YoY
ENVIRONMENT: Excellent momentum with 18% growth YoY, driven by all 4 segments Revenue, M€ Key takeaways +17,9% 64 • Now includes the Street Lighting segment +7,7% 55 (previously part of City): 51 • High degree of commercial and operational coherence • R&D synergies between platform programs and LACR
Slide 12: Electronics: Topline decrease explained by strong comparison basis
ELECTRONICS: Topline decrease explained by strong comparison basis overall coupled with persistent Automotive & HBAS headwinds Revenue, M€ Key takeaways • Revenue of €129.5 million in Q2 2024, down 9.1% +18,8% -9,1% YoY 295 268 248 • High comparison basis with 13% growth in Q2 2023 driven by a stron
Slide 13: Electronics: North America Turnaround ongoing
ELECTRONICS: North America Turnaround ongoing with first visible effects expected to materialize end of 2024 FULL Full integration by EMEA team + top management organization evolution + middle management reinforcement INTEGRATION OF • New North America Managing Director hired, starting end of August
Slide 14: Outlook
OUTLOOK ✓ LACROIX confirms that it expects a more favorable business trend (on a like-for-like basis) in the second half of 2024 ✓ ENVIRONMENT activity continues to enjoy positive momentum and visibility, with the Street Lighting segment fitting in perfectly ✓ ELECTRONICS will benefit from a more fa
Slide 15: Next Meetings
NEXT MEETINGS LACROIX MEETING This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 16: Next Meetings in 2024
NEXT MEETINGS IN 2024 • September 30, 2024: Half-year results 2024 • November 7, 2024 : Revenue Q3 2024 Ce document est confidentiel, et est la propriété de LACROIX, il ne peut être reproduit sans autorisation préalable. 17
Slide 17: Q&A
Q&A LACROIX MEETING This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.