Slide 1: Q1 2022 Trading Update
Q1 2022 Trading Update April 28, 2022 2022 2021 1 Q1 2022 Trading Update | 04.28.2022
Slide 2: Q1 2022 trading update key highlights
Q1 2022 trading update key highlights Good start of the year across portfolio: Q1 2022 consolidated sales of €2,007m, up 14.9% overall and 9.9% organically NAV : €165.8 per share, down 11.9% year-to-date (as of March 31, 2022) • Negatively impacted by Q12022 market fall • Last twelve months NAV is s
Slide 3: Q1 2022 performance of Group's consolidated companies
Q1 2022 performance of Group’s consolidated companies Consolidated sales of €2,007m, up +14.9% overall and up +9.9% organically Organic External Sales Δ FX impact growth growth Bureau Veritas €1,290.1 +11.7% +8.0% +0.5% +3.2% Constantia Flexibles €464.2m +26.6% +17.8% +6.8% +2.0% Stahl €224.9m +7.0%
Slide 4: NAV of €165.8 as of March 31, 2022
NAV of €165.8 as of March 31, 2022 (in millions of euros) March 31, 2022 Listed equity investments Number of shares Share price(1) 4,864 • Bureau Veritas 160.8 million €25.9 4,162 • IHS 63.0 million $10.4 592 • Tarkett €13.2 110 Investments in unlisted assets(2) 2,901 Other assets and liabilities of
Slide 5: Net Asset Value bridge year-to-date
Net Asset Value bridge year-to-date 188.1 Listed € per share Assets Market multiples decreased following market turmoils Unlisted Assets Other -15.5 165.8 -5.2 -1.6 20-day average share prices of listed assets decreases: BVI: from €28.7 to €25.9 IHS: from $13.5 to $10.4 Tarkett: from €18.6 to €13.2
Slide 6: Strong liquidity as of March 31, 2022
Strong liquidity as of March 31, 2022 c.€1 bn cash(1) + €750m undrawn credit facility Oct. 2024 Weighted average Cash available cost of bond debt: 1.7% Bond maturities Average maturity: 7.1 years Successful exercise on April 19, 2022 of the make-whole c.€1.7 bn total redemption 500 liquidity (1) 500
Slide 7: Key takeaways
Q1 2022 key takeways Good start of the year across portfolio Roll out of the 2021-2024 capital redeployment roadmap notably with ACAMS acquisition, Wendel Lab ramp up and portfolio rotation Still some uncertainties on raw materials prices or shortages, inflationary pressures, Covid related lockdowns
Slide 8: Financial agenda
Financial agenda 8 Q1 2022 Trading Update | 04.28.2022
Slide 9: Financial agenda
Financial agenda 06.16.2022 Annual General Meeting 07.29.2022 H1 2022 results - Publication of NAV as of June 30, 2022 (pre-market release) 08.03.2022 H1 2022 consolidated financial statements – Publication of consolidated first-half financials (pre-market release) 10.28.2022 Q3 2022 Trading update
Slide 10: Disclaimer
Disclaimer • This document has been prepared by Wendel S.E. (“Wendel”) solely for use at the Q1 2022 annual results presentation, to be held on April 28, 2022. This document must be treated confidentially by attendees at such presentation and may not be reproduced or redistributed to any other perso
Slide 11: Q1 2022 Trading Update | 04.28.2022
11 Q1 2022 Trading Update | 04.28.2022