Lectra Sa · EURONEXT:LSS
Lectra Sa — Shareholder Meeting (April 2025)
78 slides from Lectra Sa's shareholder meeting presentation, Apr 25, 2025
Slide 1: 2025 Combined Shareholders' Meeting
2025 Combined Shareholders’ Meeting April 25, 2025, 9:30 am Lectra Headquarters, 16/18 rue Chalgrin, 75016 Paris
Slide 2: Agenda and introduction of speakers
Agenda and introduction of speakers
Slide 3: Agenda
Agenda Opening formalities Key Highlights and Results 2024 Presentation of the climate strategy Q&A Reading of the Statutory Auditors’ Reports Presentation and Voting of Resolutions Closing of the Meeting 3 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 4: Introduction of Speakers
Introduction of Speakers Daniel Harari, Chairman and Chief Executive Officer Olivier du Chesnay, Chief Financial Officer Anne Borfiga, General Secretary Céline Abecassis-Moedas, Independent Director, Chairwoman of the Compensation Committee Hélène Viot-Poirier, Independent Director, Chairw
Slide 5: Opening Formalities
Opening Formalities Anne Borfiga, General Secretary
Slide 6: Bureau of the Shareholders' Meeting
Bureau of the Shareholders’ Meeting Chairman Scrutineers Secretary 6 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 7: Reminder of the schedule of the Shareholders' Meeting
Reminder of the schedule of the Shareholders’ Meeting March 19 Publication of the convening notice in the BALO and the notice of meeting in Affiches Parisiennes; electronic announcement of the Shareholders’ Meeting by Euroclear France March 28 Filing with the AMF and publication of the 2024 Annu
Slide 8: Quorum and documents of the Shareholders' Meeting
Quorum and documents of the Shareholders’ Meeting Shareholders’ Meeting validity - Provisional quorum Documents available at the Shareholders’ Meeting No requests to add resolutions to the agenda or written questions received 8 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 9: Key highlights and 2024 Financial results
Key highlights and 2024 Financial results Daniel Harari, Chairman and CEO Olivier du Chesnay, Chief Financial Officer
Slide 10: Financial results FY 2024
Financial results FY 2024 2024 Key highlights and evolution of Lectra’s markets FY 2024 results 2025 Outlook 2023-2025 strategic roadmap: second progress report 10 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 11: 2024 Key highlights and evolution of Lectra's markets
2024 Key highlights and evolution of Lectra’s markets 2024 results in line with Successful integration of Continuous improvement of the latest estimates Launchmetrics the Group's fundamentals 11 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 12: An environment that remains uncertain
2024 Key highlights and evolution of Lectra’s markets An environment that remains uncertain Degradation Stability Slight Strong improvement improvement Situation at the end of Situation today September 2024 Geopolitical tensions Decline in Uncertainties over growth global demand in major world econo
Slide 13: Timeline of the Trump administration's tariffs
Timeline of the Trump administration's tariffs 2024 During his campaign, Donald Trump promised numerous tariffs: 60-100% against China, 20-25% against Mexico and a universal tariff of 10% February 4, 2025 +10% China, all goods March 4, +10% for China for all goods (total of 20%) 2025 +25% on non-com
Slide 14: Financial results FY 2024
Financial results FY 2024 2024 Key highlights and evolution of Lectra’s markets FY 2024 results 2025 Outlook 2023-2025 strategic roadmap: second progress report 14 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 15: Fashion: a challenging year
2024 Key highlights and evolution of Lectra’s markets Fashion: a challenging year, witnessing the first signs of a luxury market slowdown 2024 2025 outlook Growth below expectations, Complex environment, due to weak demand and a luxury market slowdown with challenges to overcome Worldwide fashion sa
Slide 16: Automotive: a somber 2024
2024 Key highlights and evolution of Lectra’s markets Automotive: a somber 2024 and the outlook for 2025 remains uncertain 2024 2025 outlook Decline in production after 3 years of growth, to Persistent challenges in an uncertain environment: levels close to those of 2019 production forecasts darken
Slide 17: Furniture: signs of improvement
2024 Key highlights and evolution of Lectra’s markets Furniture: signs of improvement but a situation that remains deteriorated 2024 2025 outlook A slight rebound due to monetary easing in the USA and Difficulties remain, even though some countries Asian exports exhibit promising prospects Worldwide
Slide 18: Increase in results, mainly due to financial fundamentals and Launchmetrics
2024 Key highlights and evolution of Lectra’s markets Increase in results, mainly due to the improvement of financial fundamentals and the integration of Launchmetrics In millions of euros Revenues Gross margin EBITDA before non-recurring items +10%* +13%* +15%* 91,1 526,7 477,6 376,9 79,0 333,2 69.
Slide 19: Stability of orders in a degraded environment
FY 2024 results – Lectra 2023 scope Stability of orders in a degraded economic and geopolitical environment Growth in new SaaS subscriptions New systems orders New SaaS subscriptions orders In millions of euros In millions of euros, annual value of new contracts stable +8% 145,4 144,9 Variation soft
Slide 20: Decrease in orders in Americas and Europe; strong growth in Asia-Pacific
FY 2024 results – Lectra 2023 scope Decrease in orders for new systems in the Americas and Europe Strong growth in Asia-Pacific In millions of euros EUROPE ASIA-PACIFIC -16% AMERICAS +32% -12% 39,8 62,8 33,6 40,0 47,7 34,9 2023 2024 2023 2024 REST OF THE WORLD 2023 2024 -24% 17,9 13,7 9% 23% Europe
Slide 21: Increase in recurring revenues
FY 2024 results – Lectra 2023 scope Increase in recurring revenues Recurring revenues New systems revenues In millions of euros In millions of euros Recurring contracts Consumables and parts +7% +4% -6% 181,3 193,9 38.2 Variation Variation 53.1 154,3 SaaS subscriptions +26% 141,9 147,0 144,6 softwar
Slide 22: Control of costs and increase in EBITDA
FY 2024 results – Lectra 2023 scope Control of costs and increase in EBITDA before non-recurring items Total revenues Gross margin Overhead costs* (fixed and variable) +2% +2% stable 333,2 337,6 284,1 283,9 477,6 485,5 69.8% 69.5% 2023 2024 2023 2024 2023 2024 EBITDA Income from operations Net incom
Slide 23: Evolution of EBITDA before non-recurring items 2023-2024
Financial results FY 2024 The growth in recurring contracts and the control of expenses allow for an increase in EBITDA before non-recurring items Evolution of EBITDA before non-recurring items 2023-2024 In millions of euros 7,0 91,1 2,8 0,8 84,7 12,4 84,2 - 2,0 - 1,0 - 0,5 79,0 - 7,4 EBITDA Effet E
Slide 24: Contribution of Launchmetrics
Contribution of Launchmetrics Increase in revenues more modest than expected EBITDA above target 2024 Objectives Q4 and FY 2024 results Launchmetrics Launchmetrics From January 23 to December 31 Q4 2024 From January 23 to December 31 Revenues €42m to €46m Revenues €11.0m €41.2m Non-recurring €0.4m €
Slide 25: Free cash flow significantly increased
Balance sheet and free cash flow – Lectra 2024 scope Free cash flow significantly increased compared to 2023 The working capital requirement as of December 31, 2024, is negative €25.2m In millions of euros due in particular to a decrease in inventory and control of accounts Free cash flow The free c
Slide 26: Balance sheet including Launchmetrics, net debt limited
Balance sheet and free cash flow – Lectra 2024 scope A balance sheet that includes Launchmetrics – with net debt limited to €20.6m. Debt In millions of euros In the year 2024: 17.0 115,0 98,1 102.5 20.6 Payment of $83.2m (€77.0m) for the first tranche of Launchmetrics' capital; 81,9 Generation o
Slide 27: Financial results FY 2024
Financial results FY 2024 2024 Key highlights and evolution of Lectra’s markets FY 2024 results 2025 Outlook 2023-2025 strategic roadmap: second progress report 27 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 28: 2025 Outlook: Financial objectives
2025 Outlook Financial objectives Macroeconomic and geopolitical Low visibility environment still uncertain of new systems orders Objectives Recurring revenues EBITDA margin €400m before non-recurring items of which SaaS €90m of around 20% Total revenues is expected to be between €550m and €600m 28
Slide 29: Financial results FY 2024
Financial results FY 2024 2024 Key highlights and evolution of Lectra’s markets FY 2024 results 2025 Outlook 2023-2025 strategic roadmap: second progress report 29 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 30: 2023-2025 strategic roadmap: second progress report
2023-2025 strategic roadmap: second progress report 3-year strategic roadmaps to implement a long-term strategy 2025 ...2030 2023 2020 Position Lectra as a key Industry 4.0 player in its three strategic market 2023-2025 sectors. 2020-2022 2017 2017-2019 Capture the full potential of its new strategi
Slide 31: Strengthen Lectra's position as an Industry 4.0 leader
2023-2025 strategic roadmap: second progress report Strengthen Lectra’s position as an Industry 4.0 leader TAKE FULL ADVANTAGE OF SIGNIFICANTLY INCREASE THE SEIZE ACQUISITION THE GROUP’S CHANGE IN DIMENSION VOLUME OF SAAS IN THE GROUP'S OPPORTUNITIES TO ACCELERATE GROWTH TOTAL REVENUES +/- INDUSTRY
Slide 32: Reminder of the six strategic priorities
2023-2025 strategic roadmap: second progress report Reminder of the six strategic priorities Prepare Lectra for the Reinforce implementation of ethical, social, societal, 2026-2030 period and environmental best practices both internally and for customers Continue to pursue Leverage all synergies ari
Slide 33: Progress on CSR commitments
2023-2025 strategic roadmap: second progress report Lectra made progress on almost all of the objectives associated with the 12 commitments divided into five major CSR action areas 01 Its overall score of 70/100 places Lectra is awarded gold level the Group in the top 10% of best- recognition by Eth
Slide 34: Leverage synergies from the Gerber acquisition
2023-2025 strategic roadmap: second progress report The Group has now more than ever consolidated its activities and constitutes a global leader with unmatched geographical coverage, technological advance and customer base 02 Leverage all 80% Gerber brand covered equipment, sold over the past +6% Gr
Slide 35: Acceleration of SaaS software sales confirmed
2023-2025 strategic roadmap: second progress report The acceleration of SaaS software sales has once again been confirmed 03 2024 Acceleration of the adoption of SaaS 2020-2023 solutions by Lectra’s customers 77,4 Accelerate the 2018-2019 Launch of the first new SaaS offers transition of software sa
Slide 36: A strong contribution from Launchmetrics
2023-2025 strategic roadmap: second progress report A strong contribution from Launchmetrics Significant increase in Kubix Link and TextileGenesis sales compared to 2023 M&A 77.4 +155 % • Best year ever in terms of new software subscriptions 30,4 • Leadership in Europe, supported by mega +26 % 37.4
Slide 37: Customer relationship and engagement model evolution
2023-2025 strategic roadmap: second progress report Lectra's customer relationship and engagement model has continued to evolve 04 Lectra is at the forefront of three major transformations Industry 4.0 SaaS AI And therefore is adapting its customer engagement model… Accelerate the transformation of
Slide 38: Successful integration of Launchmetrics
2023-2025 strategic roadmap: second progress report Successful integration of Launchmetrics into the Lectra group Signing of two strategic partnerships 05 Continue to pursue Launchmetrics is part of Lectra’s value proposition for Fashion First product synergy: Kubix Link x Launchmetrics Samples
Slide 39: Sustained R&D investments
2023-2025 strategic roadmap: second progress report The Group maintained its sustained R&D investments 12.8% 06 67.6 million euros in R&D investments in 2024, with particular focus on the development of future offers, while of revenues invested in continuing to enrich current offers R&D in 2024 Prep
Slide 40: The Executive Committee has been strengthened
2023-2025 strategic roadmap: second progress report The Executive Committee has been strengthened 06 Prepare Lectra for Antonella Capelli and Michaël Jais join the Executive Committee post-2025 Antonella Capelli Michael Jaïs President EMEA* CEO Launchmetrics 40 *Europe, Middle East, Africa Lectra –
Slide 41: Value proposition for fashion enriched through Industry 4.0
2023-2025 strategic roadmap: second progress report A value proposition for fashion that is coherent and constantly enriched through Industry 4.0 technologies 06 Prepare Lectra for MANUFACTURE A value proposition that is Unique post-2025 COLLABORATION Visionary Enriched with the most advanced techno
Slide 42: Climate strategy
Climate strategy Hélène Viot Poirier, Independent Director, Chairwoman of Sustainability Committee Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 43: Introduction
Introduction The climate transition plan sets out the targets for reducing scope 1, 2 and 3 greenhouse emissions for the period from 2022 - the base year- to 2030, the short-term target year. This plan presents the main levers of action identified to achieve these objectives by 2030. BREAKDOWN OF EM
Slide 44: Climate Transition Plan 2022 - 2030
Climate Transition Plan 2022 - 2030 Year 2022 2030 reduction targets Main levers of reduction & & 1,709 T • Energy consumption Direct emissions - 25 % • • Renewable electricity Self-generated electricity • Electric vehicles 1,835 T Indirect emissions linked to energy consumption • Power consumption
Slide 45: Scopes 1 & 2
Climate Transition Plan 2022 - 2030 SCOPES 1 & 2 Direct and indirect emissions from energy consumption (fuel, gas, electricity) - 25 % tCO2e Levers for reducing emissions: 1 Buy 50% renewable electricity, 2 Reduce electricity consumption by 20%, Evolve the vehicle fleet: 30% of electric 3 vehic
Slide 46: Scope 3
Climate Transition Plan 2022 - 2030 SCOPE 3 Other indirect emissions that occur upstream or downstream of the organization's value chain - 20 % (Purchase of raw materials, transport of goods, use of products sold, etc.) tCO2e Levers for reducing emissions: Reduce the electricity consumption of equ
Slide 47: Thank you
Thank you
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Slide 49: Reading of the Statutory Auditors' Reports
Reading of the Statutory Auditors’ Reports Flora Camp, Statutory Auditor, representing PwC Aurélie Lalanne, Statutory Auditor, representing KPMG
Slide 50: Report on the parent company's financial statements
Report on the parent company’s financial statements 1st resolution of the Shareholders’ Meeting Objective Obtain reasonable assurance on the absence of material misstatement in the annual financial statements of the parent company Opinion on the parent company’s financial statements Certificatio
Slide 51: Report on the consolidated financial statements
Report on the consolidated financial statements Pages 219 to 222 of the 2024 Annual Financial Report – 2nd resolution of the Shareholders’ Meeting Objective Obtain reasonable assurance on the absence of material misstatements in the consolidated financial statements Opinion on the consolidated f
Slide 52: Special Report on Related Party Agreements
Special Report on Related Party Agreements Agreements and commitments authorized during the past financial year and submitted for approval of the Shareholders’ Meeting : None Agreements and commitments already approved by the Shareholders’ Meeting in previous financial years, the implementation
Slide 53: Report on the certification of the sustainability information
Report on the certification of the sustainability information Pages 125 to 128 of the 2024 Annual Financial Report Information verified by PricewaterhouseCoopers Audit in our capacity as Statutory Auditor to express limited assurance on the certification of sustainability information and verificatio
Slide 54: Presentation of resolutions and voting
Presentation of resolutions and voting Daniel Harari, Chairman and Chief Executive Officer Céline Abecassis-Moedas, Independent Director, Chairwoman of the Compensation Committee Anne Borfiga, General Secretary
Slide 55: Agenda
Agenda For the OrdinaryShareholders’ Meeting: Resolution No.1: Approval of the parent company financial statements for the fiscal year ended December 31, 2024 Resolution No.2: Approval of the consolidated financial statements for the fiscal year ended December 31, 2024 Resolution No.3: Discharge gra
Slide 56: Agenda (continued)
Agenda (continued) For the Extraordinary Shareholders’ Meeting: Resolution No.12: Deletion of double voting rights and corresponding amendment to Articles 6 and 21 of the Bylaws (subject to the approval by the Special Meeting of Shareholders owning shares with double voting rights); Resolution No.13
Slide 57: Resolution No.1
Resolution No.1 Approval of the parent company financial statements for the fiscal year ended December 31, 2024 Profit of the fiscal year €24,399,430 Costs excluded from charges deductible from corporate income tax €127,043 57 The parent company financial statements appear on pages 230 to 256 of the
Slide 58: Resolution No.2
Resolution No.2 Approval of the consolidated financial statements for the fiscal year ended December 31, 2024 Net income, Group share €31 163 506 58 The consolidated financial statements appear on pages 172 to 222 of the 2024 Annual Financial Report. Lectra – Combined Shareholders’ Meeting – April 2
Slide 59: Resolution No.3
Resolution No.3 Discharge granted to the Directors for the performance of their duties Discharge to the Directors for the performance of their duties in the fiscal year ended December 31, 2024 59 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 60: Resolution No.4
Resolution No.4 Appropriation of earnings for the fiscal year ended on December 31, 2024 and determining of dividend Net income for the fiscal year €24,399,430 Retained earnings brought forward from prior years €131,589,231 Appropriation to the legal reserve €13,331 Distributable profit €155,975,330
Slide 61: Resolution No.5
Resolution No.5 Approval of information regarding the compensation of the Company Officers for the fiscal year ending December 31, 2024 (Say on Pay ex post) Approval of the information presented in sections 2.2 and 2.3 of the Report on Corporate Governance regarding the remuneration of the Chairma
Slide 62: Resolution No.6
Resolution No.6 Approval of the fixed and variable components of the total compensation and benefits of any kind to be paid or granted to Daniel Harari, Chairman and Chief Executive Officer, for the year ending December 31, 2024. (Say on Pay ex post) 62 Daniel Harari's compensation for 2024 is detai
Slide 63: Resolution No.7
Resolution No.7 Reappointment of Céline Abecassis-Moedas as Director 63 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 64: Resolution No.8
Resolution No.8 Approval of the compensation policy for Daniel Harari, Chairman and Chief Executive Officer, for the fiscal year 2025 (Say on Pay ex ante) General principles unchanged since July 2017 Compensation structure unchanged since July 2017 Total compensation based on achievement €840,
Slide 65: Resolution No.8 (continued)
Resolution No.8 (continued) Approval of the compensation policy for Daniel Harari, Chairman and Chief Executive Officer, for the fiscal year 2025 (Say on Pay ex ante) Performance criteria Weighting 3 performance criteria of the Strategic Scorecard (weighting revised): EBITDA before non-recurring
Slide 66: Resolution No.9
Resolution No.9 Approval of the Directors’ compensation policy for the fiscal year 2025 (Say on Pay ex ante) Maximum annual amount €480,000 Cap on individual annual compensation €75,000 Part fixe Part variable (par séance) Board of Directors Chairperson €30,000 €2,000 Lead Director €24,000 €2,00
Slide 67: Resolution No.9 (continued)
Resolution No.9 (continued) Approval of the Directors’ compensation policy for the fiscal year 2025 (Say on Pay ex ante) Part fixe Part variable (par séance) Comités spécialisés Comité d’audit Président €12,000 €1,500 Membre N/A €1,500 Comité stratégique Président 0€ €2,000 Membre N/A €2,000
Slide 68: Resolution No.10
Resolution No.10 Appointment of Ernst & Young et Autres as Statutory Auditors in charge of certification of accounting and financial information In accordance with Article 16 of Regulation (EU) no. 537/2014 of April 16, 2014 and Article L.821-40, II of the French Commercial Code, the process of se
Slide 69: Resolution No.10 (continued)
Resolution No.10 (continued) Appointment of Ernst & Young et Autres as Statutory Auditors in charge of certification of accounting and financial information Statutory Auditors – Summary of current and proposed terms of office Certification of financial information Certification of sustainability inf
Slide 70: Resolution No.11
Resolution No.11 Authorization to the Board of Directors to carry out transactions in the Company's shares within the framework of a liquidity agreement Threshold 2% of the share capital Maximum purchase price per share €60 Gross maximum amount to be used in the stock €10,000,000 repurchase program
Slide 71: Resolution No.12
Resolution No.12 Deletion of double voting rights and corresponding amendment to Articles 6 and 21 of the Bylaws (subject to the approval by the Special Meeting of Shareholders owning shares with double voting rights) In accordance with Article 21 of the Company’s By-laws, shares acquired after Ma
Slide 72: Resolution No.12 (continued)
Resolution No.12 (continued) Deletion of double voting rights and corresponding amendment to Articles 6 and 21 of the Bylaws (subject to the approval by the Special Meeting of Shareholders owning shares with double voting rights) Current version New version Article 6 – Form of shares - Identificatio
Slide 73: Resolution No.12 (continued)
Resolution No.12 (continued) Deletion of double voting rights and corresponding amendment to Articles 6 and 21 of the Bylaws (subject to the approval by the Special Meeting of Shareholders owning shares with double voting rights) Current version New version Article 21 - Bureau - Attendance sheet – V
Slide 74: Resolution No.13
Resolution No.13 Amendment to Article 14, paragraph I of the Company's By-laws regarding the process for taking decisions by written consultation of the Board of Directors You are invited to amend the provisions of the By-laws relating to decision-making by written consultation of the Board of Direc
Slide 75: Resolution No.14
Resolution No.14 Powers to carry out legal formalities Granting of powers for the performance of formalities subsequent to this Combined Shareholders’ Meeting 75 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 76: Upcoming financial agenda
Upcoming financial agenda Quarterly Results Shareholders’ Meeting Analysts’ Meeting April 29, 2026 October 30, 2025 Q2 July 24, 2025 Q3 October 29, 2025 Q4 February 11, 2026 76 Lectra – Combined Shareholders’ Meeting – April 25, 2025
Slide 77: Closing of the Meeting
Closing of the Meeting
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