Slide 1: Full-year results 2024
Feb. 13, 2025 Full-year res #LegrandImprov ae }
Slide 2: Content
Content Highlights 2024 full-year results Proposed dividend 2024 CSR performance Medium-term outlook 2025 full-year targets Financial agenda & Corporate access @NOARYN = Appendices Fe FULL-YEAR RESULTS 2024 LI fégrand
Slide 3: Full-year results 2024
w ° FULL-YEAR RESULTS 2024 |
Slide 4: Highlights
Highlights Legrand fully achieved its 2024 annual targets ~ Sales growth : +3,9% (organic and acquisitions) ~ Adjusted operating margin : 20.5% of sales (after acquisitions) ~ Net profit attributable to the Group : 13.5% of sales - Free Cash Flow : €1.3 billion, 14.9% of sales ~ CSR roadmap achievem
Slide 5: 2024 full-year results
wh ) \ = “2 \' 2024 fulleyear — results % 2 eo x a & FULL-YEAR RESULTS 2024
Slide 6: Legrand fully achieved its 2024 annual targets
2024 - Legrand fully achieved its 2024 annual targets 2024 TARGETS! 2024 ACHIEVEMENT Sales growth Low Single Digit +3.9% CQ Adverse building market conditions . A Dynamic M&A Organic + M&A Organic + M&A g High growth in datacenters Initial in Feb, 2024 20.0% to 20.8% of sales 20.6% of sales before a
Slide 7: Change in net sales
2024 - Change in net sales i . ee € millions +3,.9% Organic + acquisitions 8 4169 8 648,9 Organic +2.8% -0.6% +2,8% \ ° Acquisitions Russia External: +2.2% FX’ 2023 2024 1, Based on acquisitions announced the overall impact should be, in 2026, close to +4% full year 2, Based on the average exchange
Slide 8: Organic sales trends by destination
2024 - Organic sales trends by destination EUROPE NORTH & CENTRAL AMERICA REST OF THE WORLD 40.0% OF GROUP 40.1% OF GROUP 19.9% OF GROUP -2.3% +4.5% +1.3% Building market in retreat in most countries United States +5.7% Asia-Pacific -2.7% Y 12.1% of Mature countries -3.1% (370% of Group) : (12.1% 0
Slide 9: Adjusted operating margin
2024 - Adjusted operating margin Adjusted operating margin 21.0% Organic evolution of margin -0.4 pts Adjusted operating margin before acquisitions! 20.6% Impact of acquisitions -0.1 pts Adjusted operating margin 20.5% High profitability demonstrates i) the quality of Legrand's commercial positions
Slide 10: Value creation
2024 - Value creation NET PROFIT ATTRIBUTABLE TO THE GROUP FREE CASH FLOW -€1,166 ' MM 13.5% of sales Increase in operating profit \ Negative impact of financial result & FX IN 25.9% stable corporate income tax rate 1. Free cash flow / Net profit attributable to the Group FULL-YEAR RESULTS 2024 €1,2
Slide 11: Solid balance sheet
2024 - Solid balance sheet NET DEBT TO EBITDA' RATIO DEBT STRUCTURE oo ~ a Net debt | 1.5x 7 €3.0bn in 2024 / \ Gross Debt ~90% fixed rate & 4.8 years maturity \ Y \ €24bnavailablecash =~ / 1, Based on EBITDA in the last twelve months FULL-YEAR RESULTS 2024 O legrand’ n
Slide 12: Proposed dividend
| al oe! ll jij, Proposed dividen FULL-YEAR RESULTS 2024
Slide 13: Dividend in line with capital allocation policy
2024 - Dividend’ in line with capital allocation policy €2.20 €2.09 2023 2024 Proposal close to 50% payout 1, Subject to the approval of shareholders at General Meeting on May 27, 2025 and payable on June 2, 2025 This distribution will be made in full out of the distributable income FULL-YEAR RESULT
Slide 14: Full-year results
FULL-YEAR RESULTS | legrand’ 4
Slide 15: CSR performance - Roadmap's achievement rates
2024 CSR performance - Roadmap's achievement rates DEVELOPA DIVER Cacu 122% SITY & LAR 85% INCLU FCO SION NOMY 113% 2024 achievement 2022-2024 54 CSR roadmap REDUCE — UR 136% CARSON ESPON 0 FOOTPRINT 108% SISLE BUSINESS CMD to present 2025-2027 6th CSR roadmap: March 25, 2025 FULL-YEAR RESULTS 2024
Slide 16: CSR performance - Examples of achievements
2024 CSR performance - Examples of achievements DIVERSITY & INCLUSION CARBON FOOTPRINT 30.5% feminized -53% direct carbon ~10% recycled plastics and management! emissions (current Scopes ~44% recycled metals in 1&2, over 3 years), far better products 94% employees in GEEIS- than targeted Diversity?
Slide 17: Full-year results
° FULL-YEAR RESULTS | legrand
Slide 18: Reminder of 2030 ambitions
Reminder of 2030 ambitions Sales €12bn to €15bn in 2030 +6% to +10% CAGR (combining organic and M&A) Adjusted Ebit margin’ ~20% of sales organic improvement offsetting M&A dilution Free Cash Flow ~€10bn from 2025 to 2030 13% to 15% of sales in average Capital allocation M&A ~€5bn invested from 2025
Slide 19: Datacenters: ~20% (proforma) of our 2024 sales
Datacenters: ~20% (proforma’) of our 2024 sales % OF GROUP SALES BY REGION BY SPACE <80% ~20% White 66% 12% space North & a Rest of €1.8 bn Central the World America 2024 sales 22% >20% Europe Grey space 1, 2024 proforma after taking into consideration 12 months of turnover for the companies acquire
Slide 20: Datacenter sales 2024 pro forma
1,8 1,6 1,4 1,2 1,0 0,8 0,6 0,4 0,2 0,0 2019 2020 2021 2022 2023 2024 2024 pro forma
Slide 21: Datacenters: Our strategy
Datacenters: Our strategy Building a best of breed suite of technological solutions for mission critical applications to improve datacenter efficiency and sustainability Al-READY OFFER Eg.: USystems rear door heat exchanger can cool up to 200 KW in a single rack through a closed loop water circuit,
Slide 22: Datacenter product offering
BUSWAY RACKS EZ-PATH® KVM & SERIAL CONSOLES OVERHEAD CABLE MANAGEMENT TRANSCEIVERS SMART PDU Revolutionary From standard to Optimal protection against fire High performance, reliable, Customized solutions using strong, cleverly- Interoperability, Provides reliable power busway optimized airflow to s
Slide 23: Datacenters: 2024 flagship projects examples
Datacenters: 2024 flagship projects examples Customized solutions meeting the most demanding infrastructures Germany Colocation Malaysia 100MW Hyperscale US Tech giant USA - Worldwide US based global software and technology leader Leading datacenter operator White Space ~€5M Busways, Racks, PDUs, co
Slide 24: Acceleration of Legrand's acquisition policy
Acceleration of Legrand's acquisition policy 9 acquisitions announced over 12 months, 2024 totaling ~€430mm annual sales ACQUISITIONS SALES if Digital Lifestyles » : Dutch software leader in connected healthcare >€60mm (connected care) ; ; performatin Dutch software player in connected healthcare |
Slide 25: Acceleration of Legrand's acquisition policy
Acceleration of Legrand's acquisition policy 9 acquisitions announced over 12 months, 2024 totaling ~€430mm annual sales DATACENTERS DIGITAL LIFESTYLES GEOGRAPHY Enter the highly promising €240MM Connected health ~X2 acquired sales market sales in Oceania Including leading Grey Complementing Legrand
Slide 26: M&A balancing sales exposure towards Energy & Digital Transition
M&A balancing sales exposure towards Energy & Digital Transition 25 acquisitions since 2020' ~€3.0 bn invested for ~€1.2 bn annual sales ESSENTIAL ELECTRICAL ENERGY & DIGITAL TRANSITION ~60% ~40% i i of acquired sales ' of acquired sales T i i Geo Berl ecotap fEMOS | EUROPE vouTaors 8 ENSTO courte _
Slide 27: Numerous product launches throughout the year
Numerous product launches throughout the year 2024 - Products launched in energy and digital transition DIGITAL LIFESTYLE CENTER lo { = i LINEA 5000 with Netatmo KNXWMalliaSenses — Ljnkeo PDU Cable Bus Home + Control LCS3 Fiber Optic System Cablobend R&D cash was 4.5% of total 2024 sales R&D spent (
Slide 28: Numerous product launches throughout the year
Numerous product launches throughout the year 2024 - Products launched in essential infrastructures ‘B Ger Céliane™ Light Now Chief Tempo™ fiat pane! wall mount system SANUS Advanced Ful-Motion 4D i @ EE Ultra Thin Linkeo Wall-Mount cabinets REV Architectural Lighting Seano™ R&D cash was 4.5% of tot
Slide 29: Improving customer satisfaction
2024 - Improving customer satisfaction BEST-IN-CLASS CUSTOMER SATISFACTION INITIATIVES ~400 k surveyed customers in 77 countries CSAT!' 78% 78% 80>, Closed-Loop Feedback process NPS2 40 44 51 Successful initiatives on © Technical support o Trainings o Order to delivery process 2022 2023 2024 Legrand
Slide 30: 2025 full-year targets
ee. 2025 full-year _ targets FULL-YEAR RESULTS 2024 | legrand’ 30
Slide 31: 2025 full-year targets
2025 full-year targets In 2025, the Group will pursue the profitable and responsible development laid out in its strategic roadmap. Taking into account the world's current macroeconomic outlook and the customs policies effectively applied as of the date of this publication, and with confidence in it
Slide 32: Financial agenda & Corporate access
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Slide 33: Financial agenda
Financial agenda ' ' 1 ' 1 1 ' 1 1 ' 1 1 Q1 2025 ' CSR ' 2025 ' H1 2025 Release 1 CMD 1 General 1 Release ' ' Assembly ' ' 1 1 @ ' @ ' @ ' @ ' 1 1 ' 1 1 May7,2025! March 25,2025! May 27, 2025 ' July 31, 2025 ' 1 1 ' 1 1 * FULL-YEAR RESULTS 2024 LI fégrand
Slide 34: 2025 Corporate access calendar - Roadshows
2025 Corporate access calendar Date Feb. 14, 2025 Feb. 17 & 18, 2025 Feb. 19, 2025 Feb. 19 & 20, 2025 Feb. 25 & 26, 2025 Feb. 25 & 26, 2025 Feb. 27, 2025 Feb. 27, 2025 March 4, 2025 March 6, 2025 1, Planned dates and participants may change FULL-YEAR RESULTS 2024 FY 2024 - Roadshows Broker Kepler Ch
Slide 35: 2025 Corporate access calendar - Conferences
2025 Corporate access calendar Date Feb. 20, 2025 Feb. 20, 2025 March 12, 2025 March 26, 2025 May 13, 2025 May 15, 2025 May 22, 2025 1. Planned dates and participants may change FULL-YEAR RESULTS 2024 Conferences Conference Barclays - Industrial Select Citi - Global Industrials Tech & Mobility CIC M
Slide 36: 2025 Corporate access calendar - Conferences
2025 Corporate access calendar Conferences Date Conference Location Legrand participants June 3, 2025 Norges - Buy Side global industrials London Management (C-suite) June 4, 2025 BNPP Exane - CEO conference Paris Management (C-suite) June 12, 2025 JPMorgan - European Capital Goods Conference London
Slide 37: Appendices
° FULL-YEAR RESULTS 2024 | 37
Slide 38: Glossary
Glossary Adjusted operating profit is defined as operating profit adjusted for: i/ amortization and depreciation of revaluation of assets at the time of acquisitions and for other P&L impacts relating to acquisitions, ii/ impacts related to disengagement from Russia (impairment of assets and effecti
Slide 39: 149,6 22,3 -42,0 184,8 232,0 -82,7
149,6 22,3 -42,0 184,8 232,0 -82,7
Slide 40: Net sales by destination
2024- net sales by destination” In € millions 2023 2024 change ee “he forrike Currency Effect Europe 3,489.5 3,458.4 -0.9% 1.2% -2.3% 0.3% North and Central America 3,246.3 3,465.8 6.8% 2.3% 4.5% -01% Rest of the World 1,681.1 1,724.7 2.6% 4.0% 1.3% -2.6% Total 8,416.9 8,648.9 2.8% 2.2% 1.0% -0.5% 1
Slide 41: First quarter - net sales by destination
2024 First quarter - net sales by destination” Total Scope of Like-for-Like In € millions Q1 2023 Q1 2024 Change Consolidation Growth Currency Effect Europe 9411 886.0 -5.9% -1.0% -4,7% -0.2% North and Central America 811.6 757.9 -6.6% 01% -6.0% -0.8% Rest of the World 396.9 384.3 -3.2% 5.9% -5.8% -
Slide 42: Second quarter - net sales by destination
2024 Second quarter - net sales by destination” Total Scope of — Like-for-Like In € millions Q2 2023 Q2 2024 Change Consolidation Growth Currency Effect Europe 893.8 862.9 -3.5% -2.4% -1.5% 0.4% North and Central America 824.7 880.6 6.8% -01% 5.8% 1.0% Rest of the World 426.7 438.6 2.8% 5.7% -0.7% -
Slide 43: Third quarter - net sales by destination
2024 Third quarter - net sales by destination” Total Scope of — Like-for-Like In € millions Q3 2023 Q3 2024 Change Consolidation Growth Currency Effect Europe 804.6 748.8 -6.9% -2,.8% -4.1% -01% North and Central America 819.8 858.4 4.7% 0.0% 6.0% -1.3% Rest of the World 388.1 411.5 6.0% 5.6% 3.9% -
Slide 44: Fourth quarter - net sales by destination
2024 Fourth quarter - net sales by destination” Total Scope of — Like-for-Like In € millions Q4 2023 Q4 2024 Change Consolidation Growth Currency Effect Europe 850.0 960.7 13.0% 11.3% 0.6% 0.9% North and Central America 790.2 968.9 22.6% 9.4% 11.6% 0.4% Rest of the World 469.4 490.3 4.5% -0.4% 7.2%
Slide 45: Net sales by origin
2024 - net sales by origin” In € millions 2023 2024 change ee “he forrike Currency Effect Europe 3,652.2 3,634.0 -0.5% 1.4% -2.2% 0.3% North and Central America 3,294.9 3,504.7 6.4% 2.0% 4.5% -01% Rest of the World 1,469.8 1,510.2 2.7% 4.6% 1.3% -3.0% Total 8,416.9 8,648.9 2.8% 2.2% 1.0% -0.5% 1. Zo
Slide 46: First quarter - net sales by origin
2024 First quarter - net sales by origin” In€ millions Qi2023. =~ Qr.2024 chenge ome “he fortike Currency Effect Europe 978.2 918.9 -6.1% -1.0% -5.0% -0.2% North and Central America 829.2 767.5 -7,4% 01% -6.8% -0.9% Rest of the World 342.2 341.8 -0.1% 6.8% -3.4% -3.2% Total 2,149.6 2,028.2 -5.6% 0.7
Slide 47: Second quarter - net sales by origin
2024 Second quarter - net sales by origin” In€ millions Q22023 2.2024 chenge ome “he fortike Currency Effect Europe 936.0 898.4 -4,0% -2.6% -1.8% 0.3% North and Central America 837.4 891.8 6.5% 0.0% 5.4% 1.0% Rest of the World 371.8 391.9 5.4% 71% 0.7% -2.3% Total 2,145.2 2182.1 1.7% 0.1% 1.5% 0.1%
Slide 48: Third quarter - net sales by origin
2024 Third quarter - net sales by origin” In € millions Q3 2023 Q3 2024 change oe “he fornike Currency Effect Europe 843.3 787.0 -6.7% -2.8% -3.8% -0.2% North and Central America 831.0 868.9 4.6% 0.0% 5.9% 1.3% Rest of the World 338.2 362.8 7.3% 6.9% 4.3% -3.8% Total 2,012.5 2,018.7 0.3% 0.0% 1.7% -
Slide 49: Fourth quarter - net sales by origin
2024 Fourth quarter - net sales by origin” In € millions Q4 2023 Q4 2024 change oe “he fornike Currency Effect Europe 894.7 1,029.7 15.1% 12.3% 1.5% 1.0% North and Central America 797.3 976.5 22.5% 8.0% 12.9% 0.5% Rest of the World 417.6 413.7 -0.9% -1.3% 3.4% -3.0% Total 2,109.6 2,419.9 14.7% 8.0%
Slide 50: P&L
2024 - P&L In € millions 2023 2024 % change Net sales 8,416.9 8,648.9 +2.8% Gross profit 4,398.9 4,466.1 +1.5% as % of sales 52.3% 51.6% Adjusted operating profit 1,770.2 1,776.0 +0.3% as % of sales 21.0% 20.5% (i) Amortization & depreciation of revaluation of assets at the time of acquisitions, oth
Slide 51: First quarter - P&L
2024 First quarter - P&L In € millions Q1 2023 Q1 2024 % change Net sales 2,149.6 2,028.2 -5.6% Gross profit 1139.5 1,076.2 -5.6% as % of sales 53.0% 53.1% Adjusted operating profit 477.2 415.9 -12.8% as % of sales 22.2% 20.5% (i) Amortization & depreciation of revaluation of assets at the time of a
Slide 52: Second quarter - P&L
2024 Second quarter - P&L In € millions Q2 2023 Q2 2024 % change Net sales 2,145.2 2182.1 +1.7% Gross profit 1127.9 1138.0 +0,9% as % of sales 52.6% 52.2% Adjusted operating profit 477.5 457.2 -4.3% as % of sales 22.3% 21.0%) (i) Amortization & depreciation of revaluation of assets at the time of ac
Slide 53: Third quarter - P&L
2024 Third quarter - P&L In € millions Q3 2023 Q3 2024 % change Net sales 2,012.5 2,018.7 +0.3% Gross profit 1,035.7 1,032.2 -0.3% as % of sales 51.5% 51.1% Adjusted operating profit 408.8 403.0 -1.4% as % of sales 20.3% 20.0%) (i) Amortization & depreciation of revaluation of assets at the time of
Slide 54: Fourth quarter - P&L
2024 Fourth quarter - P&L In € millions Q4 2023 Q4 2024 % change Net sales 2,109.6 2,419.9 +14.7% Gross profit 1,095.8 1,219.7 +11.3% as % of sales 51.9% 50.4% Adjusted operating profit 406.7 499.9 +22.9% as % of sales 19.3% 20.7% (i) Amortization & depreciation of revaluation of assets at the time
Slide 55: Adjusted operating profit by geographical region
2024- adjusted operating profit before and after other operating income (expense) by geographical region North and ine millions) Europe Central a wi d Total America e vor Net sales 3,634.0 3,504.7 1,510.2 8,648.9 Cost of sales (1,668.2) (1,686.7) (827.9) (4,182.8) Administrative and selling expenses
Slide 56: 2023 - Adjusted operating profit by geographical region
2023 - adjusted operating profit before and after other operating income (expense) by geographical region North and fine milions) Europe Central a wi d Total America e vor Net sales 3,652.2 3,294.9 1,469.8 8,416.9 Cost of sales (1,676.0) (1,549.4) (792.6) (4,018.0) Administrative and selling expense
Slide 57: First quarter - Adjusted operating profit by region
2024 First quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and Q1 2024 Eur Central Rest of Total (in € millions) urope entral the World otal America Net sales 918.9 767.5 341.8 2,028.2 Cost of sales (411.2) (357.3) (183.5) (952.0) Ad
Slide 58: 2023 First quarter - Adjusted operating profit by region
2023 First quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and QI 2023 E Central Rest of Total (in € millions) urope en ra the World ota America Net sales 978.2 829.2 342.2 2149.6 Cost of sales (436.6) (389.6) (183.9) (1,010.1) Admin
Slide 59: Second quarter - Adjusted operating profit by region
2024 Second quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and Q2 2024 E Central Rest of Total (in € millions) urope en ra the World ota America Net sales 898.4 891.8 391.9 21824 Cost of sales (399.5) (433.6) (211.0) (1,044.1) Admin
Slide 60: 2023 Second quarter - Adjusted operating profit by region
2023 Second quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and Q2 2023 E Central Rest of Total (in € millions) urope en ra the World ota America Net sales 936.0 837.4 371.8 2145.2 Cost of sales (427.9) (391.0) (198.4) (1,017.3) Admi
Slide 61: Third quarter - Adjusted operating profit by region
2024 Third quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and Q3 2024 Eur Central Rest of Total (in € millions) urope e ra the World ota America Net sales 787.0 868.9 362.8 2,018.7 Cost of sales (368.6) (417.9) (200.0) (986.5) Admin
Slide 62: 2023 Third quarter - Adjusted operating profit by region
2023 Third quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and Q3 2023 Eur Central Rest of Total (in € millions) urope entral the World otal America Net sales 843.3 831.0 338.2 2,012.5 Cost of sales (397.8) (394.7) (184.3) (976.8) Ad
Slide 63: Fourth quarter - Adjusted operating profit by region
2024 Fourth quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and 4 2024 Europe Central Rest of Total in € milli (in € millions) America the World Net sales 1,029.7 976.5 413.7 2,419.9 Cost of sales (488.9) (477.9) (233.4) (1,200.2) Ad
Slide 64: 2023 Fourth quarter - Adjusted operating profit by region
2023 Fourth quarter - adjusted operating profit before and after other operating income (expense) by geographical region North and 820 E Central Restof total (in € millions) urope en ra the World ota America Net sales 894.7 797.3 417.6 2,109.6 Cost of sales (413.7) (374.1) (226.0) (1,013.8) Administ
Slide 65: Reconciliation of cash flow from operations with profit
2024 - reconciliation of cash flow from operations with profit In € millions 2023 2024 Profit 1,148.5 1,168.9 Depreciation, amortization and impairment 373.9 384.9 Changes in other non-current assets and liabilities and long-term deferred taxes 15.2 35.5 Unrealized exchange (gains)/losses 48 01 (Gai
Slide 66: Reconciliation of free cash flow and normalized free cash flow
2024 - reconciliation of free cash flow and normalized free cash flow with cash flow from operations FULL-YEAR RESULTS 2024 In € millions 2023 2024 % change Cash flow from operations 1,600.5 1,598.6 -0.1% as % of sales 19.0% 18.5% Decrease (Increase) in working capital requirement 235.9 (75.3) Net c
Slide 67: Scope of consolidation (1/2)
Scope of consolidation (1/2) 2023 Full consolidated method GEIGER Emos UsysTEMS VOLTADIS A. & H. MEYER Power CoNTROL ENCELIUM CLAMPER TEKNICA MSS FULL-YEAR RESULTS 2024 Qi 3 months 3 months 3 months Balance sheet only Balance sheet only Balance sheet only Balance sheet only Balance sheet only H1 6 m
Slide 68: Scope of consolidation (2/2)
Scope of consolidation (2/2) 2024 Full consolidated method VOLTADIS A. & H. MEYER Power CONTROL ENCELIUM CLAMPER TEKNICA MSS ZPE Systems ENOVATION NETRACK DAVENHAM Vass UPSIsTEMAS APP Power Bus Way Circul'R FULL-YEAR RESULTS 2024 Qi 3 months 3 months 3 months 3 months 3 months 3 months Balance sheet
Slide 69: Investor Relations
s INVESTOR RELATIONS LEGRAND Ronan MARC Tel: +33 (0)1 49 72 53 53 ronan.marc@legrand.com PRESS RELATIONS TBWA Corporate Lucie DAUDIGNY Mob: +33 (0)6 77 207111 lucie.daudigny@tbwa-corporate.com Fe FULL-YEAR RESULTS 2024 tl fégrand 69
Slide 70: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein