Alstom Sa · EURONEXT:ALO
Alstom Sa — Shareholder Meeting (June 2024)
99 slides from Alstom Sa's shareholder meeting presentation, Jun 20, 2024
Slide 1: Combined Shareholders' Meeting 2024
Combined Shareholders’ Meeting 2024 June 20th, 2024 1
Slide 2: Please switch off your mobile phone
RESTRICTED PLEASE SWITCH OFF YOUR MOBILE PHONE © ALSTOM SA 2024. 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 t
Slide 3: Introduction
Introduction Henri Poupart-Lafarge Chairman and Chief Executive Officer Combined Shareholders’ Meeting June 20th, 2024 © ALSTOM SA 2024. 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 4: Opening
Opening Emmanuelle Petrovic General Counsel Combined Shareholders’ Meeting June 20th, 2024 © ALSTOM SA 2024. 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 5: Overview 2023/24 and Strategy
Overview 2023/24 and Strategy Henri Poupart-Lafarge Chairman and Chief Executive Officer Combined Shareholders’ Meeting June 20th, 2024 © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that
Slide 6: Alstom: a transformation in progress
RESTRICTED Alstom: a transformation in progress Henri Poupart-Lafarge • Chairman and Chief Executive Officer Combined Shareholders’ Meeting, • June 20th, 2024 © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or s
Slide 7: FY 2023/24 results in line with guidance, with strong H2 cash generation
FY 2023/24 results in line with guidance, with strong H2 cash generation ORDERS SALES €18.9bn €17.6bn 139 4.0 KtonCO2e gCO2e/pass.km Scope 1+2 Scope 3 Book-to-bill +7% (o/w 9% org) Emissions2 Sold products 1.1 vs FY 2022/23 (39)% vs FY 2021/22 (13)% vs FY 2021/22 FREE aEBIT CASH FLOW €997m €(557)m 6
Slide 8: Strong pipeline
RESTRICTED Strong pipeline ~€190bn of three-year project pipeline reflecting selectivity strategy €102bn ALSTOM SITES SIGNALLING EUROPE €43bn SYSTEMS ROLLING STOCK AMERICAS AND COMPONENTS €19bn APAC €24bn AMECA © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicati
Slide 9: A strong leader in a supportive market
RESTRICTED A strong leader in a supportive market Rolling Stock Services Signalling Systems % OF SALES 52% 24% 15% 9% FY23/24 #1 #1 #2 #1 worldwide service franchise in a consolidating best-in-class system (excl. China) strong predictability market around 3 global provider players ⚫ 29% market share
Slide 10: Orders backlog at record €92bn level
RESTRICTED Orders backlog at record €92bn level €18.9 BILLION OF ALSTOM ORDERS BOOKED DURING FISCAL YEAR 2023/24 Signalling and Rolling Stock Services Systems SEPTA Streetcar Trolley (LIGHT RAIL - United States) Cross Country (MAINTENANCE- United Kingdom) Tel Aviv Green Line (TURNKEY- Tel Aviv) MF19
Slide 11: Our latest orders
RESTRICTED Our latest orders Rolling Stock Services Elizabeth Line (ROLLING STOCK - United Kingdom) TRAXX (ROLLING STOCK - Italy) Santo Domingo Metro (MAINTENANCE-Dominican Re) © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warr
Slide 12: Turning operational improvements into accelerated profit and cash generation
RESTRICTED Turning operational improvements into accelerated profit and cash generation CUSTOMER EXECUTION QUALITY SATISFACTION Client Net Promoter Score On-Time Delivery1 of Rolling Stock External demerit1 stable high level at 8.4 +27pp Divided by 4 1. Reference year FY20/21 © ALSTOM SA 2024. All r
Slide 13: Strong mobilisation for Paris 2024 Olympic Games
Strong mobilisation for Paris 2024 Olympic Games MP14 - New generation tyre metro • Line 14: inaugurated on 24 June • Line 11: entered into service on 13 June • Line 4: automation of line 4 since 19 January RER NG – New-generation double-decker RER • Since 6 May, extension of line E MP14 on line 11
Slide 14: A challenging 2023/24 for Alstom
RESTRICTED A challenging 2023/24 for Alstom External and Internal factors Action plan announced and executed during the year Sharp increase in interest rates Deleveraging plan delivered Financial markets risk aversion Weaker commercial momentum during Reinforced financial controls first half Acceler
Slide 15: Deleveraging plan delivered
RESTRICTED Deleveraging plan delivered 1. 2. 3. Divestments Equity-like Capital raise US Signalling and TMH Hybrid bond Rights issue ca. ca. ca. €700m €750m €1bn €2.4bn proceeds with €2bn deleveraging effect © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative
Slide 16: Acceleration of the transformation
RESTRICTED Acceleration of the transformation First two phases mostly achieved… Cost base reduction and processes efficiency measures … now engaging on Transformation Cost reduction plan: - Industrial optimization Projects stabilization ✓ - Indirect procurement and SG&A Enhanced discipline on cash l
Slide 17: In a nutshell ...
RESTRICTED In a nutshell ... Dynamic rail market driven by positive long-term structural trends Alstom is a clear leader, and the only player with global reach - present on every continent A #1 or #2 position in each region and for each product line Financial structure strengthened - debt reduction
Slide 18: Our Sustainability Strategy
RESTRICTED Our Sustainability Strategy Martin Vaujour • Vice-President Investor Relations Combined Shareholders’ Meeting • June 20th, 2024 © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on t
Slide 19: 5 sustainability & CSR priorities
5 sustainability & CSR priorities Our 5 SUSTAINABILITY & CSR PRIORITIES © ALSTOM SA 2024. 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 proje
Slide 20: 2030 Ambition: Resource preservation
Resource preservation Accelerate Ecodesign and Circular Economy Leverage ecodesign for 40% share of recycled Integrate circular Expand recycling in sites 2030 Ambition better performance content (RSC & Infra) economy business to 85% models for services © ALSTOM SA 2024. All rights reserved. Informat
Slide 21: 2030 Ambition: People care and growth
People care and growth Engage, support and grow employees Lead in Diversity, Equity Create a supportive Develop & Grow people Engage Employees 2030 Ambition & Inclusion workplace & culture 32% Female Managers, TRIR 1.4, 100% social protection 25 learning hours per employee 72% Engagement Index Engin
Slide 22: 2030 Ambition: Community empowerment
Community empowerment Partnering to deliver social impact 2030 Ambition Increase Promote employee More accessible & inclusive beneficiaries to 400,000 volunteering mobility (Alstom Foundation + community actions) © ALSTOM SA 2024. All rights reserved. Information contained in this document is indica
Slide 23: 2030 Ambition: Responsible value chain
Responsible value chain Enhancing environmental and social performance 1,200 suppliers trained in 2030 Ambition 95% of suppliers with Engage stakeholders low/medium net CSR risk1 Sustainability & CSR on Sustainability & CSR * cumulative from FY2023/24 1: Proportion of suppliers with low or medium ne
Slide 24: 2030 Ambition: Net zero mobility
Net zero mobility Equip customers with solutions to achieve Net Zero SCOPE 3 SCOPE 1&2 SCOPE 3 Purchased goods Operations Sold Products 2030 Ambition and services Reduce absolute emissions Reduce carbon intensity Reduce carbon intensity by 40% vs FY2021/22 by 42% for Passenger Rolling-stock by 30% v
Slide 25: Leading expertise in zero-emission solutions
Leading expertise in zero-emission solutions Hydrogen for longer non-electrified lines Battery-electric traction for shorter non-electrified lines Adessia Stream (B™) for World’s first hydrogen- Dublin, Ireland. Extension powered Coradia iLint™ of commuter services in service since 2022 with without
Slide 26: Financial Results
Financial Results Bernard DELPIT EVP and Chief Financial Officer Combined Shareholders’ Meeting June 20th, 2024 © ALSTOM SA 2024. 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 27: Financial performance trajectory
Financial performance trajectory Sales (€bn) and organic growth (%) Adjusted EBIT1 (€m) and margin (%) 17.6 997 16.5 15.5 852 767 630 645 9.4% 8.2 7.7% 7.3% 5.7% 8.8 5% 5% 5.2% 2% (4%) n.a FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 2019/20 FY 2020/21 PF FY 2021/22 FY 2022/23 FY 2023/2
Slide 28: FY 2023/24 Consolidated Profit & Loss (resolution n°2)
RESTRICTED FY 2023/24 Consolidated Profit & Loss (resolution n°2) (in € million) FY 2023/24 Sales 17,619 Adjusted EBIT 997 Adjusted EBIT margin 5.7% Restructuring and rationalisation costs (147) Integration, impairments and other costs (363) Reversal of net interest in equity investees pickup¹ (131)
Slide 29: Strong cash generation in H2
Strong cash generation in H2 31 March 2023 30 September 2023 31 March 2024 Net cash/(debt) Net cash/(debt) Net cash/(debt) H1 2023/24 FCF H2 2023/24 Leases and FCF others Dividends, leases and others © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No
Slide 30: Liquidity and debt
RESTRICTED Liquidity and debt LIQUIDITY AS OF MARCH 2024 (IN € MILLION) OUTSTANDING BONDS (IN € MILLION) 6,268 Jan-29 Oct-26 0.00% Jul-30 New 0.25% 0.5% 2,250 RCF1 Jul-27 0.125% RCF 2,500 backstop2 700 750 700 RCF 1,575 500 liquidity3 Cash 976 Neu CP -1,033 2026 2027 2028 2029 2030 2031 ● No covenan
Slide 31: Successful deleveraging plan executed
Successful deleveraging plan executed Deleveraging Use of Breakdown Proceeds actions proceeds ✓ US SIG signed €630m –realization of the Asset operation ~Summer 2024 ~€700m Disposals ✓ TMH delivered €75m • Repayment of Neu CP: €1,033m by September 2024 • €750m hybrid bond bear a 5.868% fixed rate cou
Slide 32: Guidance for FY 2024/25 and mid-term ambitions
Guidance for FY 2024/25 and mid-term ambitions Assumptions Outlook for FY 2024/25 Mid- to long-term ambitions • Book to bill above 1 • Book-to-bill above 1 • Supportive market demand • Sales organic growth: around 5% • Sales average growth ~5% / year • FY 2024/25 • aEBIT margin around 6.5 % downpaym
Slide 33: Appropriation of net income of Alstom SA (resolution n°3)
RESTRICTED Appropriation of net income of Alstom SA (resolution n°3) ALSTOM SA statutory accounts DIVIDEND FY 2023/24 As of 31 March 2024 Statutory financial statements Net income € 89,851.19 ● No dividend proposed for FY 2023/24 Dividends1 - General reserve € 89,851.19 General reserve after net inc
Slide 34: Share price performance
RESTRICTED Share price performance From the AGM 2023 From Jan 1, 2024 to June 9 Since June 9 to the end of the calendar year Closing share price: 2023/12/29 Closing share price: 2024/06/07 Closing share price: 2024/06/18 © ALSTOM SA 2024. All rights reserved. Information contained in this document i
Slide 35: Nominations and remuneration
Nominations and remuneration Yann DELABRIÈRE Lead Independent Director, Chairman of the Nominations and Remuneration Committee Combined Shareholders’ Meeting June 20th 2024 © ALSTOM SA 2023. All rights reserved. Information contained in this document is indicative only. No representation or warranty
Slide 36: Missions
RESTRICTED Missions The Committee issues recommendations, proposals and advice in the field of : Governance: Remuneration: • Composition of the Board of Directors and of its • Remuneration of the executive and non-executive Committees, search for new Board members corporate officers • Corporate gove
Slide 37: Main activity in 2023/24
RESTRICTED Main activity in 2023/24 Governance Remuneration • Review of the structure of governance of the • Adjustments to the 2023/24 remuneration policies for the Company Chairman & CEO and members of the Board • Selection of the new Chairman of the Board (resolutions 11 and 12) • Review of the s
Slide 38: Structure of Governance
RESTRICTED Structure of Governance* • Further to the 4 October 2023 announcement, the structure of governance has been reviewed in executive sessions and led to the decision by the 14 November 2023 Board of Directors to split the functions of Chairman and CEO as part of organization changes to impro
Slide 39: Mandate renewal - resolution 5
RESTRICTED Mandate renewal - resolution 5 Caisse de Dépôt et Placement du Québec • Institutional Investor • Non-Independent Board member • Member of the Audit and Risks Committee, the Nominations and remuneration Committee, the Integration Committee Represented by Ms Kim Thomassin Main Function: Exe
Slide 40: Ratification of co-option and appointments - resolutions 6, 7 and 8
RESTRICTED Ratification of co-option and appointments - resolutions 6, 7 and 8 Mr. Philippe Petitcolin Independent Board member Main function: Chairman of KNDS (Netherlands) M. Jay Walder Observer Main function: Chairman and Chief Executive Officer at SAB International LLC (USA) © ALSTOM SA 2024. Al
Slide 41: Composition of the Board of Directors - post AGM
RESTRICTED Composition of the Board of Directors - post AGM (subject to approval of the resolutions) Henri Poupart-Lafarge Philippe Petitcolin* Bi Yong Chungunco* ● Clotilde Delbos* ● Daniel Garcia Molina ● Bpifrance Investissement* ●● CEO Chairman of the Board Board member representing Represented
Slide 42: Composition of the Board of Directors - post-AGM
RESTRICTED Composition of the Board of Directors - post-AGM (subject to approval of the resolutions) At the outcome of the Shareholders' Meeting and subject to the favorable vote on all the resolutions related to the composition of the Board of Directors (resolutions 5 to 8): • The Board of Director
Slide 43: Remuneration policies: resolutions 11 to 17
RESTRICTED Remuneration policies Chief Executive Officer, Chairman and members of the Board: resolutions 11 to 17 • Approval of the adjustments to the 2023/24 remuneration policies for the Chairman and Chief Executive Officer and the members of the Board of Directors (resolutions 11 and 12) • Approv
Slide 44: Adjustment to the Chairman and CEO 2023/24 remuneration policy (resolution 11)
RESTRICTED Adjustment to the Chairman and CEO 2023/24 remuneration policy (resolution 11) The Board of Directors of 14 November 2023 decided to tighten the short-term incentive scheme applicable to the Chairman & CEO for FY2023/24, as it was set by the 9 May 2023 Board of Directors, by introducing a
Slide 45: Adjustment to the Board members 2023/24 remuneration policy (resolution 12)
RESTRICTED Adjustment to the Board members 2023/24 remuneration policy (resolution 12) The Board of Directors of 14 November 2023 decided that payout of the H2 2023/24 remuneration of the Board members will be subject to the achievement of these same Free Cash-Flow adjusted targets for FY2023/24. ©
Slide 46: 2024/25 Remuneration Policy for the Chief Executive Officer (resolution 13)
RESTRICTED 2024/25 Remuneration Policy for the Chief Executive Officer* (resolution 13) It will include the two following changes compared with the 2023/24 remuneration policy: • Modification, in the annual variable remuneration, of the proportion allocated to the collective targets and the targets
Slide 47: 2024/25 Remuneration Policy for the Chief Executive Officer (resolution 13)
RESTRICTED 2024/25 Remuneration Policy for the Chief Executive Officer (resolution 13) Fixed Remuneration €950,000 Target: 100% of fixed remuneration Maximum: 185% of fixed remuneration Group Performance – 80% • Financial metrics (65%): Free Cash Flow, adjusted EBIT, gross margin on orders receive
Slide 48: 2024/25 Remuneration Policy for the Chief Executive Officer (resolution 13)
RESTRICTED 2024/25 Remuneration Policy for the Chief Executive Officer (resolution 13) Supplemental pension plans Defined contribution pension Severance pay Not applicable 1.5 times the average annual fixed and variable remuneration received over the last three years, in return for a two-year Non-co
Slide 49: 2024/25 Remuneration Policy for the Chairman of the Board (resolution 14)
RESTRICTED 2024/25 Remuneration Policy for the Chairman of the Board (resolution 14) Item Contents Fixed annual compensation € 450,000 Short-term variable compensation None Long-term variable compensation None Benefits in kind Company car, health, death & disability coverage Compensation at the term
Slide 50: 2024/25 Remuneration Policy for the Board Members (resolution 15)
RESTRICTED 2024/25 Remuneration Policy for the Board Members * (resolution 15) There will be no change in the current allocation rules as described below except for the adjustment decided by the 14 November 2023 Board of Directors, which will not be reconducted in the 2024/25 remuneration policy: o
Slide 51: 2023/24 Remuneration Report (resolution 16)
2023/24 Remuneration Report (resolution 16) Remuneration 2023/24 of the Board members* • After application of the adjusted Free Cash Flow objective, the total gross remuneration that is payable to the Board Members for the second half of fiscal year 2023/24 was reduced by 50% • The total gross remun
Slide 52: 2023/24 Remuneration of the Chairman and Chief Executive Officer (resolution 17)
RESTRICTED 2023/24 Remuneration of the Chairman and Chief Executive Officer* (resolution 17) Elements Amounts Description Annual fixed remuneration €950,004 paid in 2023/24 €950,000 since 1st April 2021 Variable remuneration €418,428 Amount after application of the additional Free Cash Flow conditio
Slide 53: Audit and Risks
Audit and Risks Sylvie RUCAR, Chairwoman of the Audit and Risks Committee Combined Shareholders’ Meeting June 20th, 2024 © ALSTOM SA 2024. 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 54: Activities related to 2023/24 fiscal year
RESTRICTED Activities related to 2023/24 fiscal year ● Created in 1998 Chairwoman : Sylvie RUCAR since 30/07/2018 ● Composition: 3 independent members out of 4 (75%), additional independent member appointed in September 23 ● Duties and attendance - The general purpose of the Audit Committee is to as
Slide 55: Activities related to 2023/24 Fiscal Year
RESTRICTED Activities related to 2023/24 Fiscal Year ● Accounting and Finance - Review of the half-year consolidated accounts as of 30 September 2023 and of the annual consolidated and statutory accounts as of 31 March 2024 - Review of the Budget 2024/25 and of the 3-Year Plan 2024/27 ● Sustainabili
Slide 56: Activities related to 2023/24 Fiscal Year
RESTRICTED Activities related to 2023/24 Fiscal Year Specific reviews on Cash-Flow generation • Review of the Cash Performance Project • Regular update on Cash-Flow forecast and progress of actions Internal Audit and Internal Control • Internal Audit: review of the main findings of the 2023/24 audit
Slide 57: Ethics and Compliance
Ethics and Compliance Sylvie KANDÉ DE BEAUPUY Chairwoman of the Ethics and Compliance Committee Combined Shareholders’ Meeting June 20th, 2024 © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied
Slide 58: Missions
Missions Chairwoman: Sylvie KANDÉ DE BEAUPUY since 2017 The Committee, created in 2010, examines and monitors the Group’s Ethics and Compliance policies as well as the systems and procedures in place to implement them As part of its missions, the Committee: • Reviews the definition of the Group’s co
Slide 59: Activity in 2023/24
Activity in 2023/24 The Committee reviewed: • The integration plan of Bombardier Transportation from an ethics and compliance point of view, and monitored the status of its implementation and finalization • The Group’s Ethics and Compliance goals and performance indicators • The status of the implem
Slide 60: Integration
Integration Frank MASTIAUX Chairman of the Integration Committee Combined Shareholders’ Meeting June 20th, 2024 © ALSTOM SA 2024. 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 61: Statutory auditors' reports
Statutory auditors’reports Cédric HAASER PwC Combined Shareholders’ Meeting June 20th, 2024 © ALSTOM SA 2024. 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
Slide 62: Combined Shareholders' Meeting - Statutory Auditors' reports
RESTRICTED 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-part
Slide 63: Combined Shareholders' Meeting - Statutory Auditors' reports
RESTRICTED Combined Shareholders’ Meeting - Statutory Auditors’ reports Extraordinary Part Resolution Convening Notice • Report on the reduction of the share capital 19 p. 27 • Report on the issue of shares and miscellaneous securities with 21 to 24 p. 28-29 preservation and/or cancellation of prefe
Slide 64: Questions
Questions © ALSTOM SA 2024. 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 65: Resolutions
RESTRICTED Resolutions © ALSTOM SA 2024. 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 commerc
Slide 66: Ordinary resolutions
Ordinary resolutions Resolution 1 Approval of the annual accounts for the financial year ending on 31 March 2024 © ALSTOM SA 2024. 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 67: Ordinary resolutions
Ordinary resolutions Resolution 2 Approval of the consolidated accounts for the financial year ending on 31 March 2024 © ALSTOM SA 2024. 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 68: Ordinary resolutions
Ordinary resolutions Resolution 3 Appropriation of the result for the fiscal year ended 31 March 2024 © ALSTOM SA 2024. 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 69: Ordinary resolutions
Ordinary resolutions Resolution 4 Special report by the Statutory Auditors on regulated agreements - acknowledgment of the absence of new agreement © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be re
Slide 70: Ordinary resolutions
Ordinary resolutions Resolution 5 Renewal of the term of office of Caisse de Dépôt et Placement du Québec (CDPQ) as Board Member © ALSTOM SA 2024. 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 71: Ordinary resolutions
Ordinary resolutions Resolution 6 Ratification of the co-option of Mr. Philippe Petitcolin as Board Member © ALSTOM SA 2024. 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 72: Ordinary resolutions
Ordinary resolutions Resolution 7 Appointment of Mr. Philippe Petitcolin as Board Member © ALSTOM SA 2024. 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
Slide 73: Ordinary resolutions
Ordinary resolutions Resolution 8 Appointment of Mr. Jay Walder as Board member © ALSTOM SA 2024. 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 particul
Slide 74: Ordinary resolutions
Ordinary resolutions Resolution 9 Appointment of PricewaterhouseCoopers Audit as Statutory Auditor responsible for certifying the sustainability information © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or sho
Slide 75: Ordinary resolutions
Ordinary resolutions Resolution 10 Appointment of Mazars as Statutory Auditor responsible for certifying the sustainability information © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that
Slide 76: Ordinary resolutions
Ordinary resolutions Resolution 11 Approval of the adjustment to the 2023/24 remuneration policy for the Chairman and Chief Executive Officer © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied o
Slide 77: Ordinary resolutions
Ordinary resolutions Resolution 12 Approval of the adjustment to the 2023/24 remuneration policy for the members of the Board of Directors © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on t
Slide 78: Ordinary resolutions
Ordinary resolutions Resolution 13 Approval of the 2024/25 remuneration policy for the Chief Executive Officer © ALSTOM SA 2024. 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 correc
Slide 79: Ordinary resolutions
Ordinary resolutions Resolution 14 Approval of the 2024/25 remuneration policy for the Chairman of the Board of Directors © ALSTOM SA 2024. 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 80: Ordinary resolutions
Ordinary resolutions Resolution 15 Approval of the 2024/25 remuneration policy for the members of the Board of Directors © ALSTOM SA 2024. 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 81: Ordinary resolutions
Ordinary resolutions Resolution 16 Approval of the information specified in Article L. 22-10-9 I of the French Commercial Code (report on remuneration) © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should b
Slide 82: Ordinary resolutions
Ordinary resolutions Resolution 17 Approval of the fixed, variable and exceptional components of the total remuneration and 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 ©
Slide 83: Ordinary resolutions
Ordinary resolutions Resolution 18 Authorisation to be granted to the Board of Directors to trade in the Company’s shares © ALSTOM SA 2024. 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 84: Extraordinary resolutions
Extraordinary resolutions Resolution 19 Authorisation to be granted to the Board of Directors to reduce the share capital by cancelling treasury shares © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should b
Slide 85: Extraordinary resolutions
Extraordinary resolutions Resolution 20 Delegation of authority to be given to the Board of Directors to decide to increase the share capital by capitalisation of premiums, reserves, profits or any other sums © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative
Slide 86: Extraordinary resolutions
Extraordinary resolutions Resolution 21 Delegation of authority to be given to the Board of Directors to decide to increase the share capital of the Company or of another company by issuing shares and/or securities giving immediate or future access to the share capital, with preemptive rights © ALST
Slide 87: Extraordinary resolutions
Extraordinary resolutions Resolution 22 Delegation of authority to be given to the Board of Directors to decide to increase the share capital of the Company or of another company by issuing shares and/or securities giving immediate or future access to the share capital, with withdrawal of preemptive
Slide 88: Extraordinary resolutions
Extraordinary resolutions Resolution 23 Delegation of authority to be given to the Board of Directors to decide to increase the share capital of the Company or of another company by issuing shares and/or securities giving immediate or future access to the share capital, with withdrawal of preemptive
Slide 89: Extraordinary resolutions
Extraordinary resolutions Resolution 24 Determination of the issue price, within the limit of 10% of the share capital per year, in connection with an increase in the share capital by the issue of equity securities with withdrawal of preemptive rights © ALSTOM SA 2024. All rights reserved. Informati
Slide 90: Extraordinary resolutions
Extraordinary resolutions Resolution 25 Delegation of authority to be given to the Board of Directors to decide to increase the Company’s share capital by issuing shares and/or securities giving immediate or future access to the share capital, with withdrawal of preemptive rights, reserved for membe
Slide 91: Extraordinary resolutions
Extraordinary resolutions Resolution 26 Delegation of authority to be given to the Board of Directors to decide to increase the Company’s share capital by issuing shares and/or securities giving immediate or future access to the share capital, with withdrawal of preemptive rights, reserved for a cat
Slide 92: Extraordinary resolutions
Extraordinary resolutions Resolution 27 Delegation of authority to be given to the Board of Directors to increase the number of securities to be issued in the event of a capital increase, with preemptive rights maintained or withdrawn © ALSTOM SA 2024. All rights reserved. Information contained in t
Slide 93: Extraordinary resolutions
Extraordinary resolutions Resolution 28 Right to issue shares and/or securities giving immediate or future access to shares to be issued by the Company as consideration for contributions in kind consisting of equity securities or securities giving access to the capital © ALSTOM SA 2024. All rights r
Slide 94: Extraordinary resolutions
Extraordinary resolutions Resolution 29 Delegation of authority to the Board of Directors to issue shares in the Company, following the issue by subsidiaries of the Company of securities giving access to the Company’s share capital, with withdrawal of preemptive rights of shareholders © ALSTOM SA 20
Slide 95: Extraordinary resolutions
Extraordinary resolutions Resolution 30 Authorisation to be given to the Board of Directors to grant free of charge existing shares or shares to be issued, to employees and corporate officers of the Group or to some of them © ALSTOM SA 2024. All rights reserved. Information contained in this documen
Slide 96: Extraordinary resolutions
Extraordinary resolutions Resolution 31 Amendments to the Articles of Association: raising the percentage of shares or votinrights triggering a declaration of crossing statutory threshold © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representat
Slide 97: Extraordinary resolutions
Extraordinary resolutions Resolution 32 Amendments to the Articles of Association: raising the age of the Chairman of the Board of Directors © ALSTOM SA 2024. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on
Slide 98: Ordinary resolutions
Ordinary resolutions Resolution 33 Powers to carry out legal formalities © ALSTOM SA 2024. 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 99: www.alstom.com
www.alstom.com www.alstom.com 10