Legrand Sa · EURONEXT:LR
Legrand Sa — H1 2026 Earnings Presentation
45 slides from Legrand Sa's earnings presentation, Jul 29, 2026
Slide 1: First-half results 2026
July 29, 2026 First -half results 2026 FIRST -HALF RESULTS 2026
Slide 2: Agenda
Agenda 1. Highlights 2. Strong H1 2026 with another period of record sales growth and continued excellent profitability 3. Performance and positioning in datacenters 4. Sustained acquisition momentum 5. Numerous product innovations 6. 2026 full -year targets revised upward 7. Financial agenda & Corp
Slide 3: Highlights
Highlights FIRST -HALF RESULTS 2026 3
Slide 4: Highlights
Highlights Strong H1 2026 with another period of record sales growth and continued excellent profitability – Sales growth (excl. currency effect) : +17.4% (+9.8% organic and +6.9% acquisitions) – Adjusted operating margin (after acquisitions) : 20.8% of sales – Net profit attributable to the Group :
Slide 5: Strong H1 2026 Record sales growth
Strong H1 2026 Record sales growth Excellent profitability FIRST -HALF RESULTS 2026 5
Slide 6: H1 2026 – Change in net sales
H1 2026 – Change in net sales € million s + 17.4% Excl. currency effects 5,400 4,774 +9.8% Organic +13.1% +6.9% External 1 2 -3.7% FX H1 2025 H1 2026 1. Based on acquisitions announced as of today and their likely dates of consolidation, the 2026 full -year impact of scope changes would be around +8
Slide 7: H1 2026 – Organic sales trends by destination
H1 2026 – Organic sales trends by destination E UROPE N ORTH & C ENTRAL A MERICA R EST OF THE W ORLD 34.9 % OF G ROUP 47.0% OF G ROUP 18.1% OF G ROUP -2.4% +24.2% +2.3% Still contrasted building market United States +26.7% Asia -Pacific +3.3% Solid g rowth in Italy and Turkey (44.4% of Group) (12.2%
Slide 8: H1 2026 – Adjusted operating margin
H1 2026 – Adjusted operating margin H1 2025 Adjusted operating margin 21.0% Organic evolution of margin -0.1 pts H1 2026 Adjusted operating margin before acquisitions 1 20.9% Impact of acquisitions -0.1 pts H1 2026 Adjusted operating margin 20 .8% High level of profitability, supported by strong exe
Slide 9: H1 2026 – Value creation
H1 2026 – Value creation N ET PROFIT F REE C ASH F LOW ATTRIBUTABLE TO THE G ROUP €698 M €488 M +11.2% vs. H1 2025 9.0% of sales FIRST -HALF RESULTS 2026 9
Slide 10: Performance and positioning in datacenters
Performance and positioning in datacenters FIRST -HALF RESULTS 2026 10
Slide 11: Performance & positioning in datacenters
Performance & positioning in datacenters S uccess reflecting the strength of our market position E XCELLENT PERFORMANCE IN H1 2026 … …U NDERPINNED BY ONE OF THE BROADEST OFFERINGS OF THE INDUSTRY >+30% >140K LFL sales SKUs covering the entire vs. H1 2025 value chain Datacenters account for Well posi
Slide 12: Sustained acquisitions momentum
Sustained acquisitions momentum FIRST -HALF RESULTS 2026 12
Slide 13: Sustained acquisitions momentum
Sustained acquisitions momentum 7 acquisitions 1 in energy and digital transition in 2026 so far, for ~ €450M annual sales A CQUISITIONS S ALES Brazilian specialist in the installation, maintenance and operation of technical infrastructure ~€45M U.S. specialist in low- and medium -voltage power dist
Slide 14: Numerous product innovations
Numerous product innovations FIRST -HALF RESULTS 2026 14
Slide 15: Numerous product launches in H1 2026
Numerous product launches in H1 2026 Products launched in essential infrastructures E SSENTIAL INFRASTRUCTURES Living Now Premium Neptune Super Value Emergency Lighting Linkeo C+ HP2 Curves InclineTM NA Retail Linear Great White New Mylinc Additional Finishes FIRST -HALF RESULTS 2026 15
Slide 16: Numerous product launches in H1 2026
Numerous product launches in H1 2026 Products launched in energy and digital transition D ATACENTER E NERGY TRANSITION D IGITAL LIFESTYLES Meter Configuration Power Adapter CX4 Outlet KNX user interfaces Multi- circuit meters Classe 300X Magellan Sensors Nodegrid Serial HD Cast Resin Next Gen Level
Slide 17: 2026 full-year targets revised upward
2026 full -year targets revised upward FIRST -HALF RESULTS 2026 17
Slide 18: 2026 full-year targets revised upward
2026 full -year targets revised upward 1 In 2026, the Group continues to accelerate its profitable and responsible growth, in line with its strategic roadmap 2. Based on its first -half performance and the current global macroeconomic environment, Legrand is now targeting the following in 2026: - sa
Slide 19: Financial agenda & Corporate access
Financial agenda & Corporate access FIRST -HALF RESULTS 2026 19
Slide 20: Key Financial Dates
Key Financial Dates CMD Q3 2026 FY 2026 in Singapore Release Release September 29, 2026 November 5, 2026 February 10, 2027 FIRST -HALF RESULTS 2026 20
Slide 21: 2026 Corporate access calendar
2026 Corporate access calendar 1 Date Event Location Legrand participants Nov. 24, 2026 BNP Paribas - Middle East Conference Abu Dhabi IR Team Dec . 2, 2026 Goldman Sachs - Global Industrials London Management (C -suite) Dec . 8, 2026 CIC Market Solutions - CIC Forum Paris IR Team 1. Planned dates a
Slide 22: Appendices
Appendices FIRST -HALF RESULTS 2026 22
Slide 23: Glossary
Glossary Adjusted operating profit is defined as operating profit adjusted for amortization and depreciation of revaluation of assets at the time of acquisitions and for other P&L impacts relating to acquisitions, and where applicable, impairment of goodwill . Cash flow from operations is defined as
Slide 24: Change in net sales
Change in net sales Breakdown of change in H1 202 6 net sales by destination ( €mm) North Rest of Europe & Central the America World 1 +6.9 % +9.8 % -3.7% +13.1% Scope of Organic growth FX Total consolidation H1 202 5 H1 202 6 1. Due to the consolidation of Performation , CRS, Linkk , Quitérios , Am
Slide 25: 2026 First half – net sales by destination
2026 First half – net sales by destination 1 Total Scope of Like -for-Like Currency In € millions H1 2025 H1 2026 Change Consolidation Growth Effect Europe 1,851.4 1,880.2 1.6% 4.2% -2.4% -0.1% North and Central America 2,024.7 2,540.8 25.5% 7.5% 24.2% -6.0% Rest of the World 898.2 979.3 9.0% 11.3%
Slide 26: 2026 First quarter – net sales by destination
2026 First quarter – net sales by destination 1 Total Scope of Like -for-Like Currency In € millions Q1 2025 Q1 2026 Change Consolidation Growth Effect Europe 932.4 921.5 -1.2% 2.1% -2.8% -0.4% North and Central America 929.9 1,169.0 25.7% 10.3% 25.8% -9.4% Rest of the World 415.5 447.1 7.6% 17.5% -
Slide 27: 2026 Second quarter – net sales by destination
2026 Second quarter – net sales by destination 1 Total Scope of Like -for-Like Currency In € millions Q2 2025 Q2 2026 Change Consolidation Growth Effect Europe 919.0 958.7 4.3% 6.3% -2.0% 0.2% North and Central America 1,094.8 1,371.8 25.3% 5.1% 22.7% -2.8% Rest of the World 482.7 532.2 10.3% 5.9% 6
Slide 28: 2026 First half – net sales by origin
2026 First half – net sales by origin 1 Total Scope of Like -for-Like Currency In € millions H1 2025 H1 2026 Change Consolidation Growth Effect Europe 1,939.6 2,029.6 4.6% 4.5% 0.3% -0.2% North and Central America 2,043.8 2,537.0 24.1% 7.4% 23.0% -6.1% Rest of the World 790.9 833.7 5.4% 11.5% -1.0%
Slide 29: 2026 First quarter – net sales by origin
2026 First quarter – net sales by origin 1 Total Scope of Like -for-Like Currency In € millions Q1 2025 Q1 2026 Change Consolidation Growth Effect Europe 974.0 996.1 2.3% 2.7% 0.0% -0.5% North and Central America 940.5 1,152.1 22.5% 10.2% 23.0% -9.6% Rest of the World 363.3 389.4 7.2% 18.0% -2.0% -7
Slide 30: 2026 Second quarter – net sales by origin
2026 Second quarter – net sales by origin 1 Total Scope of Like -for-Like Currency In € millions Q2 2025 Q2 2026 Change Consolidation Growth Effect Europe 965.6 1,033.5 7.0% 6.3% 0.6% 0.1% North and Central America 1,103.3 1,384.9 25.5% 5.1% 23.1% -2.9% Rest of the World 427.6 444.3 3.9% 6.0% -0.1%
Slide 31: 2026 First half – P&L
2026 First half – P&L In € millions H1 2025 H1 2026 % change Net sales 4,774.3 5,400.3 +13.1% Gross profit 2,472.4 2,726.3 +10.3% as % of sales 51.8% 50.5% Adjusted operating profit 1,003.4 1,123.6 +12.0% as % of sales 21.0% 20.8% (1) Amortization & depreciation of revaluation of assets at the time
Slide 32: 2026 First quarter – P&L
2026 First quarter – P&L In € millions Q1 2025 Q1 2026 % change Net sales 2,277.8 2,537.6 +11.4% Gross profit 1,194.0 1,282.0 +7.4% as % of sales 52.4% 50.5% Adjusted operating profit 470.4 524.7 +11.5% as % of sales 20.7% 20.7% (1) Amortization & depreciation of revaluation of assets at the time of
Slide 33: 2026 Second quarter – P&L
2026 Second quarter – P&L In € millions Q2 2025 Q2 2026 % change Net sales 2,496.5 2,862.7 +14.7% Gross profit 1,278.4 1,444.3 +13.0% as % of sales 51.2% 50.5% Adjusted operating profit 533.0 598.9 +12.4% as % of sales 21.3% 20.9% (1) Amortization & depreciation of revaluation of assets at the time
Slide 34: 2026 First half – adjusted operating profit by geographical region
2026 First half – adjusted operating profit before and after other operating income (expense) by geographical region North and H1 2026 Rest of Europe Central Total (in € millions) the World America Net sales 2,029.6 2,537.0 833.7 5,400.3 Cost of sales (912.2) (1,271.3) (490.5) (2,674.0) Administrati
Slide 35: 2025 First half – adjusted operating profit by geographical region
2025 First half – adjusted operating profit before and after other operating income (expense) by geographical region North and H1 2025 Rest of Europe Central Total (in € millions) the World America Net sales 1,939.6 2,043.8 790.9 4,774.3 Cost of sales (865.3) (999.4) (437.2) (2,301.9) Administrative
Slide 36: 2026 First quarter – adjusted operating profit by geographical region
202 6 First quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q1 2026 Rest of Europe Central Total (in € millions) the World America Net sales 996.1 1,152.1 389.4 2,537.6 Cost of sales (447.2) (577.4) (231.0) (1,255.6) Administrati
Slide 37: 2025 First quarter – adjusted operating profit by geographical region
2025 First quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q1 2025 Rest of Europe Central Total (in € millions) the World America Net sales 974.0 940.5 363.3 2,277.8 Cost of sales (433.2) (446.9) (203.7) (1,083.8) Administrative
Slide 38: 2026 Second quarter – adjusted operating profit by geographical region
2026 Second quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q2 2026 Rest of Europe Central Total (in € millions) the World America Net sales 1,033.5 1,384.9 444.3 2,862.7 Cost of sales (465.0) (693.9) (259.5) (1,418.4) Administra
Slide 39: 2025 Second quarter – adjusted operating profit by geographical region
2025 Second quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q2 2025 Rest of Europe Central Total (in € millions) the World America Net sales 965.6 1,103.3 427.6 2,496.5 Cost of sales (432.1) (552.5) (233.5) (1,218.1) Administrati
Slide 40: First half – reconciliation of cash flow from operations with profit
202 6 First half – reconciliation of cash flow from operations with profit In € millions H1 2025 H1 2026 Profit 629.8 701.4 Depreciation, amortization and impairment 201.4 234.7 Changes in other non -current assets and liabilities and long -term deferred taxes 30.3 34.9 Unrealized exchange (gains)/l
Slide 41: 2026 First half – reconciliation of free cash flow with cash flow from operations
2026 First half – reconciliation of free cash flow with cash flow from operations In € millions H1 2025 H1 2026 % change Cash flow from operations 862.8 980.6 +13.7% as % of sales 18.1% 18.2% Decrease/(Increase) in working capital requirement (284.8) (412.0) Net cash provided from operating activiti
Slide 42: Scope of consolidation (1/2)
Scope of consolidation (1/2) 2025 Q1 H1 9M FY Full consolidation method APP Balance sheet only 6 months 9 months 12 months P OWER B US WAY Balance sheet only 6 months 9 months 12 months P ERFORMATION Balance sheet only Balance sheet only Balance sheet only 11 months CRS Balance sheet only Balance sh
Slide 43: Scope of consolidation (2/2)
Scope of consolidation (2/2) 2026 Q1 H1 9M FY Full consolidation method APP 3 months 6 months 9 months 12 months P OWER B US WAY 3 months 6 months 9 months 12 months P ERFORMATION 3 months 6 months 9 months 12 months CRS 3 months 6 months 9 months 12 months L INKK B USWAY S YSTEMS 3 months 6 months
Slide 44: Investor Relations / Press Relations
INVESTOR RELATIONS LEGRAND Ronan MARC Tel: +33 (0)1 49 72 53 53 ronan.marc@legrand.com PRESS RELATIONS LEGRAND Delphine CAMILLERI Tel: +33 (0)5 55 06 70 15 delphine.camilleri@legrand.com FIRST -HALF RESULTS 2026 44
Slide 45: 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