Slide 1: Q1 2023 Trading Update
Q1 2023 Trading Update April 28, 2023 2023 2021 1
Slide 2: Q1 2023 trading update key highlights
Q1 2023 trading update key highlights Solid growth of consolidated sales Q1 2023 consolidated sales of €2,181m, up 10.4% overall and 8.4% organically NAV : €172.5 per share, up +2.8% year-to-date (as of March 31, 2023) • Increase fully attributable to listed assets • LTM: up +4.0% vs. March 31, 2022
Slide 3: Q1 consolidated sales up +10.4% overall and +8.4% organically
Q1 consolidated sales up +10.4% overall and +8.4% organically Organic External Sales Δ FX impact growth growth Bureau Veritas €1,404.5m +8.9% +8.5% +1.5% -1.1% Constantia Flexibles €526.7m +21.8% +19.0% +1.4% +1.4% Stahl €205.5m -8.6% -12.5% +2.4% +1.5% Crisis Prevention Institute €24.6m +18.0% +14.
Slide 4: NAV of €172.5 as of March 31, 2023
NAV of €172.5 as of March 31, 2023 (in millions of euros) March 31, 2023 Listed equity investments Number of shares Share price(1) 4,767 • Bureau Veritas 160.8 million €26.4 4,241 • IHS 63.0 million $7.5 437 • Tarkett €12.0 89 Investments in unlisted assets(2) 3,402 Other assets and liabilities of W
Slide 5: Net Asset Value up +2.8% year-to-date
Net Asset Value up +2.8% year-to-date Mainly impacted by the decrease in market multiples € per share +6.9 -1.6 172.5 -0.7 167.9 Unlisted Other Assets Listed Assets Increase in 20-day average share prices of listed assets : BV: +6.5% IHS: +15.4% Tarkett: +0.8% NAV per share NAV per share as of as of
Slide 6: Wendel is financed at 2.0% average cost over 2028 with no maturity until 2026
Wendel is financed at 2.0% average cost over 2028 with no maturity until 2026 c.€1.6bn cash + €750m undrawn credit facility extended to July 2027 Weighted average Cash available cost of bond debt: 2.0% Exchangeable bonds into Bond maturities 750 NEW Bureau Veritas’ shares (25% premium) Average matur
Slide 7: Key figures
Key figures Wendel entered into exclusive negotiations with the intent to acquire Scalian, a leading European consulting firm in digital technologies, project management and business €965m Enterprise Value transformation Wendel would invest €550m in equity for a significant majority position Ranked
Slide 8: Q1 2023 key takeways
Q1 2023 key takeways A very dynamic start of the year for Wendel and at portfolio companies… … but still an uncertain and challenging environment 2 large transactions announced – fully in line with the strategic orientations : • Issue of exchangeable bonds in Bureau Veritas shares, providing an addi
Slide 9: Financial agenda
Financial agenda Ny WENDEL
Slide 10: Financial agenda
Financial agenda June 15th, 2023 Annual General Meeting July 27th, 2023 H1 2023 results - Publication of NAV as of June 30, 2023, and condensed Half-Year consolidated financial statements (post-market release) October 26th, 2023 Q3 2023 Trading update - Publication of NAV as of September 30, 2023 (p
Slide 11: Disclaimer
Disclaimer • This document has been prepared by Wendel S.E. (“Wendel”) solely for use at the Q1 2023 Trading update presentation, to be held on April 28, 2023. This document must be treated confidentially by attendees at such presentation and may not be reproduced or redistributed to any other perso
Slide 12: For more information, please visit www.wendelgroup.com
For more information, please visit www.wendelgroup.com 12 Wendel Q3 2022 Trading Update | October 28, 2022