Alstom Sa · EURONEXT:ALO
Alstom Sa — Shareholder Meeting (July 2025)
90 slides from Alstom Sa's shareholder meeting presentation, Jul 10, 2025
Slide 1: Combined Shareholders' Meeting 2025
Combined Shareholders’ Meeting 2025 July 10th, 2025
Slide 2: Please switch off your mobile phone
PLEASE SWITCH OFF YOUR MOBILE PHONE © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technica
Slide 3: Combined Shareholders' Meeting 2025
Combined Shareholders’ Meeting 2025 July 10th, 2025
Slide 4: Introduction
Introduction Philippe PETITCOLIN Chairman of the Board of Directors Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or co
Slide 5: Opening
Opening Emmanuelle PETROVIC General Counsel Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to a
Slide 6: Overview 2024/25 and Strategy
Overview 2024/25 and Strategy Henri POUPART-LAFARGE Chief Executive Officer Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is comple
Slide 7: Alstom: from pure player to Global Rail Leader
Alstom: from the genesis of a pure player to becoming the Global Rail Leader • Henri POUPART-LAFARGE Chief Executive Officer Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty
Slide 8: A strategic 10-year journey to build a world leader
A strategic 10-year journey to build a world leader… Today in accessible N°1 market with a unique positioning 2015 • #1 in services activity A pure stand-alone • #1 in turnkey Rail company is born 2015 - 2020 2020 - 2025 • Largest green traction offering Grew our portfolio Creating a global • Broade
Slide 9: 2015-2020: Building industrial capabilities in major markets
2015 - 2020: Building industrial capabilities in major markets across the globe Astana Partnerships 2012 Partnering with local champions, Alstom has set a foot in South Africa, North India, and Kazakhstan through the award Sri City of multi-billion orders Fez 2012 2020 Madhepura Footprint enhancemen
Slide 10: 2021: Alstom became global leader with Bombardier Transportation
2021: Alstom became the global leader with the acquisition of Bombardier Transportation A CLEAR LEADERSHIP WITH… WORLDWIDE PRESENCE BALANCED & RESILIENT PROFILE Revenues for calendar year 2020 in € Bn Employee base – as of 2021 FY20/21 baseline Main railway actors4 Turnkey 18.9 71,700 EMPLOYEES IN 7
Slide 11: 2025: Completed the integration of Bombardier Transportation
2025: Completed the integration of Bombardier Transportation ALSTOM UNDISPUTED CUSTOMER SATISFACTION GLOBAL MARKET LEADER AT RECORD HIGH #1 with 3 product lines from 4 And consistently > 8 # 3 Signalling GEOGRAPHICAL AND PORTFOLIO PORTFOLIO TURN AROUND COMPLEMENTARITY ON TRACK Continuous win
Slide 12: A complete renewed portfolio
A complete renewed portfolio Automated Commuter Light rail people movers & Metros trains monorails ROLLING STOCK & COMPONENTS Regional High-speed Locomotives Components trains trains Signalling & Mainline Freight Digital Infrastructure signalling signalling Services DIGITAL & services INFRASTRUCTURE
Slide 13: Another Backlog & Sales level reached with Bombardier
Another Backlog & Sales level reached with Bombardier…grown well beyond - Alstom tripled size in 10 years - 91.9 95.0 Backlog (€bn) 87.4 81.0 74.5 40.5 40.9 34.8 34.2 28.4 30.4 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 2024/25 Al
Slide 14: A steady growth trajectory since merger
A steady growth trajectory since merger Sales (€bn) and organic growth (%) Adjusted EBIT1 (€m) and margin (%) 18.5 1,177 17.6 997 7% 852 767 16.5 6.4% 9% 5.7% 15.5 5.2% 5% 5.0% FY 2021/22 FY 2022/23 FY 2023/24 FY 2024/25 FY 2021/22 FY 2022/23 FY 2023/24 FY 2024/25 22% + organic growth across 3 yea
Slide 15: TGV M: A new Alstom & SNCF Partnership story
TGV M: A new Alstom & SNCF Partnership story • Henri POUPART-LAFARGE Chief Executive Officer • with Jean-Pierre FARANDOU Chairman and Chief Executive Officer @ SNCF Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicat
Slide 16: Alstom's position
Alstom’s position Alstom Avelia: success and ambitions #2 2022-24 Market growth Market size Market shares (22-24) (forecast) 30% 27% €2.7bn +7% 16% 14% 10% Yearly average 2022-2024 Compound Annual Growth Rate 2025-2028 Player A Player B Player C Others Note : Market growth forecast according to UNIF
Slide 17: Alstom range of high-speed trains
Alstom range of high-speed trains Focus on Avelia Horizon et Avelia Stream Avelia Stream Avelia Horizon • 1 deck • 2 decks • Distributed traction • Concentrated traction • Main advantage: lowest Total Cost of Ownership per • Main advantage: lowest Total Cost of Ownership per seat for a single-deck h
Slide 18: High-speed rail market
High-speed rail market • Strong growth of high-speed rail networks in Europe over the last 30 years • In 2023, lines designed for speeds over 250 km/h reached 8,556 km • In 2013, this figure was 5,812 km → 47.2% increase • Four countries dominate the network: Spain, France, Germany, and Italy → Acco
Slide 19: History of high-speed rolling stock in France
History of high-speed rolling stock in France TGV PSE TGV Atlantique TGV Duplex Euroduplex Avelia Horizon Launch 1981 1992 1996 2014 2026 Speed 270 / 300 km/h 300 km/h 320 km/h 320 km/h 320 km/h Architecture 1 deck 1 deck 2 decks 2 decks 2 decks 454 seats Capacity 368 seats 510 seats 510 / 556 seats
Slide 20: Avelia Horizon for SNCF: TGV INOUI
Avelia Horizon for SNCF: TGV INOUI +20% -20% -30% Capacity Energy Maintenance consumption costs © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply
Slide 21: Alstom FY24/25: Achievements
Alstom FY24/25: Achievements • Henri POUPART-LAFARGE Chief Executive Officer Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is compl
Slide 22: €19.8bn orders booked in 2024/25
€19.8bn orders booked in 2024/25 SERVICES ROLLING STOCK SIGNALLING €0.8bn €0.7bn €3.6bn €0.8bn €0.7bn Regional Fleet Maintenance Hamburg + S-Bahn Rheinland ONCF Perth (SIGNALLING - Australia) (SERVICES - Europe) (TRAINS & MAINTENANCE- Germany) (Very High Speed - Morocco) €0.8bn* 2 frame agreements i
Slide 23: A solid performance
A solid performance All objectives achieved, in line with expectations Good progress on our ESG roadmap ORDERS SALES €19.8bn €18.5bn 128 3.9 KtonCO2e gCO2e/pass.km Scope 1+2 Scope 3 Book-to-bill +4.9% (+6.6% organic) Emissions1 sold products 1.1 vs FY 2023/24 (2)% vs 2023/24 (8)% vs FY 2023/24 aEBIT
Slide 24: Tangible progress on our priorities
Tangible progress on our priorities… Strong production volumes in Q4 Germany: transformation plan launched • Adaptation of the industrial footprint: sale of Görlitz, conversion of 2 Rolling • 1,282 cars produced on Q4 Stock sites into Services sites • Annual production +9% CAG since • Strong positio
Slide 25: Where we focus next
Where we focus next Our objectives Our focus areas 1 SHAPE profitable opportunities I Drive competitiveness 2 IMPROVE execution Differentiate for a 3 CHANGE GEAR in Services II resilient future 4 ENHANCE our portfolio with digital solutions Leveraging Innovation and CSR, powered by our People © ALST
Slide 26: www.alstom.com
www.alstom.com www.alstom.com www.alstom.com www.alstom.com
Slide 27: Financial Results
Financial Results Bernard DELPIT EVP and Chief Financial Officer Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or corre
Slide 28: FY 2023/24 Consolidated Profit & Loss (resolution n°2)
FY 2023/24 Consolidated Profit & Loss (resolution n°2) (in € million) FY 2023/24 FY 2024/25 Sales 17,619 18,489 Adjusted EBIT margin up 70bps Adjusted EBIT 997 1,177 from cost control measures and volume growth Adjusted EBIT margin 5.7% 6.4% Non-operating expenses (510) (198) Non-operating expen
Slide 29: Appropriation of net income of Alstom SA (resolution n°3)
Appropriation of net income of Alstom SA (resolution n°3) ALSTOM SA statutory accounts Dividend FY 2024/25 As of 31 March 2025 Statutory financial statements ● No Dividend1 proposed for FY 2024/25 Opening Period - General Reserve €6,517,259,180.46 FY24/25 Net income allocated to General Reserve €84,
Slide 30: Net debt reduced to €434m following deleveraging plan
Net debt reduced to €434m following deleveraging plan and FCF generation 31 March 2024 31 March 2025 Net cash/(debt) Net cash/(debt) (434) (75) (183) 502 Hybrid Leases coupon, FCF FX and others (2,994) 2,315 Deleveraging plan1 1. Sale of TMH for €75m executed during FY 2023/24. Rights issue, hybrid
Slide 31: Low-cost bond lines maturing in the coming five years
Low-Cost bonding lines are maturing in the coming five years STABLE OUTSTANDING BONDS (IN € MILLION) AVERAGE Oct-26 Jan-29 0.25% 0.00% Jul-30 MATURITY 0.50% 3.4 years Jul-27 0.125% AVERAGE COUPON 700 750 700 0.22% 500 2026 2027 2028 2029 2030 2031 ● No financial covenants and fixed coupons on all bo
Slide 32: FY 2025/26 outlook, medium-term ambitions confirmed
FY 2025/26 outlook Medium-term ambitions confirmed FY 2025/26 Medium-term Assumptions Outlook Ambitions • Supportive market demand • Group and Rolling stock book • Book-to-bill above 1 to bill above 1 • # cars production stable • Average sales growth of ~5% per vs. FY2024/25 • Sales organic growth:
Slide 33: ALSTOM: Share Price Evolution
ALSTOM: Share Price Evolution Volume (thousands) Alstom SBF120 rebased 28 9 000 26 8 000 24 7 000 22 6 000 20.18 20 5 000 16.45 18 4 000 16 3 000 16.95 14 2 000 12 1 000 10 0 20th June 2024 31th December 2024 9 July 2025 th Alstom outperformed the market from June 20th, 2024, to July 9th, 2025: +22.
Slide 34: www.alstom.com
www.alstom.com www.alstom.com www.alstom.com www.alstom.com
Slide 35: Alstom CSR priorities and results
Alstom CSR priorities and results Kevin COGO Chief Strategy Officer Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or co
Slide 36: Five sustainability & CSR priorities
Five sustainability & CSR priorities Supporting local socio-economic Innovating to develop efficient and development by growing lasting fossil-free solutions for a net zero world partnerships Reducing the impact of our operations Making mobility more inclusive and adapting to a changing clim
Slide 37: Our transition Plan
Our transition Plan A COMPREHENSIVE CLIMATE STRATEGY TO SERVE A CONCRETE 2050 NET ZERO AMBITION SCOPE 3 UPSTREAM SCOPES 1 & 2 SCOPE 3 DOWNSTREAM AVOIDED EMISSIONS 14% CO2 emissions <1% CO2 emissions 85% CO2 emissions Moving towards a low carbon Energy and GHG emissions Low Carbon Solutions Avoided e
Slide 38: Achievements in CO2 reduction Scope 1 & 2
Achievements in CO2 reduction Scope 1& 2 Alstom’s VPPA for renewable Globally 53 sites have been electricity supply came into converted to LED lighting effect on 1 January 2025 (2 solar facilities in Spain), to 31 sites are in progress cover max 80% of electricity Energy Off-site intensity demand fo
Slide 39: www.alstom.com
www.alstom.com www.alstom.com www.alstom.com www.alstom.com
Slide 40: Governance and remunerations
Governance and remunerations Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular p
Slide 41: Governance
Governance Philippe PETITCOLIN Chairman of the Board of Directors Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or corr
Slide 42: Board of Directors: composition and engagement
Board of Directors: composition and engagement during past fiscal year Philippe Petitcolin Clotilde Delbos Baudouin Prot Independent Director Independent Director Edouard Ringuet Chairman of the Observer Board of Directors José Gonzalo Permanent representative Henri Poupart-Lafarge Sylvie Rucar Audi
Slide 43: Committees: composition and engagement
Committees: composition and engagement during past fiscal year Nominations Audit & Risks & Remuneration Chairwoman : Clotilde Delbos Chairman: Baudouin Prot 3 members 4 members 6 meetings 6 meetings 96% attendance Ethics & 100% attendance 66% independence Sustainability 75% independence Chairwoman:
Slide 44: Composition of the Board and Committees post Shareholders' Meeting
Composition of the Board of Directors and Committees - post Shareholders’ Meeting ● At the outcome of the Shareholders' Meeting and in the absence of any resolution in relation to the composition of the Board of Directors, the composition of the latter and its Committee will be unchanged: - The Boar
Slide 45: Remunerations
Remunerations Baudouin PROT Chairman of the Nominations and Remuneration Committee Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is
Slide 46: 2025/26 Remuneration policy for the CEO (resolution 5)
2025/26 Remuneration policy for the Chief Executive Officer* (resolution 5) The 2025/26 remuneration policy for the Chief Executive Officer is unchanged vs the 2024/25 remuneration policy Fixed annual €950,000 remuneration Group Performance - 80% Target: 100% of fixed remuneration • Financial metr
Slide 47: 2025/26 Remuneration policy for the CEO (resolution 5)
2025/26 Remuneration policy for the Chief Executive Officer (resolution 5) Company car Benefits in kind Health and death/disability cover Unemployment insurance contract Supplemental pension schemes Defined contribution pension schemes Severance pay Not applicable 1.5 times the average annual fixed
Slide 48: 2025/26 Remuneration policy for the Chairman (resolution 6)
2025/26 Remuneration policy for the Chairman of the Board* (resolution 6) The 2025/26 remuneration policy for the Chairman of the Board is unchanged vs the 2024/25 remuneration policy Item Contents Fixed annual compensation €450,000 Short-term variable compensation None Long-term variable compensati
Slide 49: 2025/26 Remuneration policy for Board Members (resolution 7)
2025/26 Remuneration policy for the Board Members* (resolution 7) The 2025/26 remuneration policy for the members of the Board of Directors is unchanged vs the 2024/25 remuneration policy ● Annual envelope of €1,300,000, authorized by the 1st July 2014 Shareholders’ Meeting ● Allocation rules set by
Slide 50: Global Remuneration Report (resolution 8)
Global Remuneration Report* (resolution 8) ● Remuneration 2024/25 of the Chairman of the Board and of the CEO (resolutions 9 and 10) ● Remuneration 2024/25 of the Board members - The total remuneration amounts to €948,124 and represents approximately 73% of the total envelope authorized by the Share
Slide 51: 2024/25 Remuneration of the CEO (resolution 9)
2024/25 Remuneration of the Chief Executive Officer* (resolution 9) Fixed annual remuneration €950,004 paid during fiscal year Objective achievement level of 117.6% Short-term variable €1,117,200 paid after the positive vote Objectives tied to the Company’s overall performance: 101.8% (the target
Slide 52: 2024/25 Remuneration of the Chairman (resolution 10)
2024/25 Remuneration of the Chairman of the Board of Directors* (resolution 10) Annual fixed remuneration €352,500 (prorated amount, paid from 20 June 2024) Not applicable since 20 June 2024, the date when Remuneration tied to directorship €28,625 (until 20 June 2024) Mr. Philippe Petitcolin was app
Slide 53: www.alstom.com
www.alstom.com www.alstom.com www.alstom.com www.alstom.com
Slide 54: Statutory Auditors' reports
Statutory Auditors’ reports Dominique MULLER Forvis Mazars Combined Shareholders’ Meeting July 10th, 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or
Slide 55: Statutory Auditors' reports
Combined Shareholders’ Meeting - Statutory Auditors’ reports Universal Registration Ordinary Part Resolution Document Report on the annual financial statements of Alstom SA 1 p. 160 to 163 Report on the consolidated financial statements 2 p. 140 to 143 Special report on related-party agreements 4 p.
Slide 56: Statutory Auditors' reports
Combined Shareholders’ Meeting - Statutory Auditors’ reports Extraordinary Part Resolution Convening Notice Report on the reduction of the share capital 12 p. 30 Report on the issuance of shares and miscellaneous 14 to 16 securities with preservation and/or cancellation of preferential p. 31-32 subs
Slide 57: www.alstom.com
www.alstom.com www.alstom.com www.alstom.com www.alstom.com
Slide 58: Questions
Questions © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circumsta
Slide 59: Resolutions
Resolutions © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circums
Slide 60: Ordinary resolutions: annual accounts
Ordinary resolutions Resolution 1 Approval of the annual accounts for the financial year ending on 31 March 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or corr
Slide 61: Ordinary resolutions: consolidated accounts
Ordinary resolutions Resolution 2 Approval of the consolidated accounts for the financial year ending on 31 March 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete o
Slide 62: Ordinary resolutions: appropriation of result
Ordinary resolutions Resolution 3 Appropriation of the result for the fiscal year ended 31 March 2025 © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will
Slide 63: Ordinary resolutions: regulated agreement
Ordinary resolutions Resolution 4 Special report by the Statutory Auditors on regulated agreements - Approval of a regulated agreement © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that
Slide 64: Ordinary resolutions: CEO remuneration policy
Ordinary resolutions Resolution 5 Approval of the 2025/26 remuneration policy for the Chief Executive Officer © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct
Slide 65: Ordinary resolutions: Chairman remuneration policy
Ordinary resolutions Resolution 6 Approval of the 2025/26 remuneration policy for the Chairman of the Board of Directors © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete
Slide 66: Ordinary resolutions: Board remuneration policy
Ordinary resolutions Resolution 7 Approval of the 2025/26 remuneration policy for the members of the Board of Directors © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete
Slide 67: Ordinary resolutions: report on remuneration
Ordinary resolutions Resolution 8 Approval of the information specified in Article L. 22-10-9 I of the French Commercial Code (report on remuneration) © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be
Slide 68: Ordinary resolutions: CEO 2024/25 remuneration
Ordinary resolutions Approval of the fixed, variable and exceptional Resolution components of the total remuneration and 9 benefits of all kinds paid during the last fiscal year or allocated for that fiscal year to Mr. Henri Poupart-Lafarge, in his capacity as Chairman and Chief Executive Officer an
Slide 69: Ordinary resolutions: Chairman 2024/25 remuneration
Ordinary resolutions Resolution Approval of the fixed, variable and exceptional components of the total remuneration and 10 benefits of all kinds paid during the last fiscal year or allocated for that fiscal year to Mr. Philippe Petitcolin as Chairman of the Board of Directors © ALSTOM SA 2025. All
Slide 70: Ordinary resolutions: trading in Company shares
Ordinary resolutions Resolution 11 Authorisation to be granted to the Board of Directors to trade in the Company’s shares © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complet
Slide 71: Extraordinary resolutions: cancelling treasury shares
Extraordinary resolutions Resolution 12 Authorisation to be granted to the Board of Directors to reduce the share capital by cancelling treasury shares © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should b
Slide 72: Extraordinary resolutions: capitalisation of reserves
Extraordinary resolutions Resolution Delegation of authority to be given to the Board 13 of Directors to decide to increase the share capital by capitalisation of premiums, reserves, profits or any other sums © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative
Slide 73: Extraordinary resolutions: issuance with preferential rights
Extraordinary resolutions Resolution Delegation of authority to be given to the Board of Directors to decide to increase the share 14 capital of the Company or of another company by issuing shares and/or securities giving immediate or future access to the share capital, with preferential subscriptio
Slide 74: Extraordinary resolutions: public offering without preferential rights
Extraordinary resolutions Delegation of authority to be given to the Board of Directors to decide to increase the share Resolution capital of the Company or of another company 15 by issuing shares and/or securities giving immediate or future access to the share capital, without preferential subscrip
Slide 75: Extraordinary resolutions: private placement issuance
Extraordinary resolutions Delegation of authority to be given to the Board Resolution of Directors to decide to increase the share capital of the Company or of another company 16 by issuing shares and/or securities giving immediate or future access to the share capital, without preferential subscrip
Slide 76: Extraordinary resolutions: savings plan members
Extraordinary resolutions Delegation of authority to be given to the Board Resolution of Directors to decide to increase the 17 Company’s share capital by issuing shares and/or securities giving immediate or future access to the share capital, without preferential subscription rights, reserved for m
Slide 77: Extraordinary resolutions: category of beneficiaries
Extraordinary resolutions Delegation of authority to be given to the Board Resolution of Directors to decide to increase the 18 Company’s share capital by issuing shares and/or securities giving immediate or future access to the share capital, without preferential subscription rights, reserved for a
Slide 78: Extraordinary resolutions: increase in securities issued
Extraordinary resolutions Resolution Delegation of authority to be given to the Board 19 of Directors to increase the number of securities to be issued in the event of a capital increase, with or without preferential subscription rights © ALSTOM SA 2025. All rights reserved. Information contained in
Slide 79: Extraordinary resolutions: contributions in kind
Extraordinary resolutions Resolution Right to issue shares and/or securities giving immediate or future access to shares to be 20 issued by the Company as consideration for contributions in kind consisting of equity securities or securities giving access to the capital © ALSTOM SA 2025. All rights r
Slide 80: Extraordinary resolutions: subsidiaries' securities
Extraordinary resolutions Resolution Delegation of authority to the Board of Directors 21 to issue shares in the Company, following the issue by subsidiaries of the Company of securities giving access to the Company’s share capital, without preferential subscription rights © ALSTOM SA 2025. All righ
Slide 81: Extraordinary resolutions: free share grants
Extraordinary resolutions Resolution Authorisation to be given to the Board of 22 Directors to make free grants of existing shares or shares to be issued, to employees and corporate officers of the Group or to some of them © ALSTOM SA 2025. All rights reserved. Information contained in this document
Slide 82: Extraordinary resolutions: Directors via telecommunication
Extraordinary resolutions Resolution Ratification of an amendment to bring the 23 Articles of Association into compliance – Participation of Directors in Board meetings via means of telecommunication © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No
Slide 83: Extraordinary resolutions: proxy voting
Extraordinary resolutions Resolution 24 Amendment to bring the Articles of Association into compliance – Proxy voting by shareholders © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that i
Slide 84: Extraordinary resolutions: shareholders via telecommunication
Extraordinary resolutions Resolution Amendment to bring the Articles of Association 25 into compliance – Participation of shareholders in shareholders’ meetings via a means of telecommunication © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No repre
Slide 85: Extraordinary resolutions: bondholders' meetings
Extraordinary resolutions Resolution Amendment to bring the Articles of Association 26 into compliance – Participation of bondholders in bondholders’ meetings via a means of telecommunication © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No represe
Slide 86: Extraordinary resolutions: equity below half of share capital
Extraordinary resolutions Resolution Amendment to bring the Articles of Association 27 into compliance – Procedure applicable if the shareholders’ equity falls below half of the share capital © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No represe
Slide 87: Extraordinary resolutions: written consultation
Extraordinary resolutions Resolution 28 Amendment to the Articles of Association – Decision of the Board of Directors via a written consultation © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relie
Slide 88: Extraordinary resolutions: postal voting by Directors
Extraordinary resolutions Resolution 29 Amendment to the Articles of Association – Postal voting by Directors © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct
Slide 89: Ordinary resolutions: powers for legal formalities
Ordinary resolutions Resolution 30 Powers to carry out legal formalities © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular proj
Slide 90: www.alstom.com
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