Slide 1: Investors Presentation - Results 2022
MARCH 29TH, 2023 INVESTORS PRESENTATION Results 2022
Slide 2: 01 PRESENTATION 02 RESULTS 03 LEADERSHIP 2025 - OUR PROGRESS
01 PRESENTATION 02 RESULTS 03 LEADERSHIP 2025 - OUR PROGRESS 04 OBJECTIVES 2023 05 CONCLUSION This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization. 2
Slide 3: Presentation
01 PRESENTATION AT THE HEART OF LACROIX This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 4: A family-owned group on the stock market
LACROIX A family-owned group on the stock market SHAREHOLDERS 62% A long-term vision BEDOUIN Family An entrepreneurial culture 34% Public A strong financial structure 3% 1% Treasury shares Employee ownership 1/3 of employee shareholder Vincent BEDOUIN Nicolas BEDOUIN 2/3 in France Chief Executive Of
Slide 5: An international, tech & industrial midcap
CONNECTED LACROIX TECHNOLOGIES FOR An international, SMARTER SMARTER MOBILITY WATER & ENERGY tech & industrial For road systems Deliver equipment & solutions Deliver equipment & solutions For utilities infrastructure to optimize & secure to optimize & secure infrastructure midcap operators smart roa
Slide 6: Electronics Activity
ELECTRONICS ACTIVITY Our customized IIoT & electronic equipment services EMS from design to manufacturing Automotive Industrial Home & building Avionics & Defense Healthcare automation Powertrain & e-mobility Machine/robot controls Automation & Connectivity Cabin & passenger comfort Medical imaging
Slide 7: City Activity
CITY ACTIVITY Our turnkey offer of equipment & solutions to optimize & secure smart road infrastructures Street lighting Equipment & systems Urban & interurban traffic Road signs & management equipment for connected or management equipment urban planning & ecosystems autonomous mobility This documen
Slide 8: Environment Activity
ENVIRONMENT ACTIVITY Our turnkey offer of equipment & solutions to optimize & secure water and energy (smart grids, HVAC) infrastructures Remote Data Sensors Data centralization & cloud Configuration & on-site Terminal Units loggers & accessories data management visualization tools solutions This do
Slide 9: Results 2022
02 RESULTS 2022 GROWTH TARGET EXCEEDED, PROFITABILITY ONLINE This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 10: Revenue over €700M
REVENUE OVER €700M +41,1% vs Y-1 +8,6% at constant perimeter 707,8 View by quarter (in €M) Revenue (€M) +29,4% vs Y-1 +36,2% vs Y-1 +61,3% vs Y-1 +40,4% vs Y-1 501,5 441,0 191,3 173,2 178,1 165,1 127,6 127,2 119,4 110,4 128,1 136,3 113,4 80,1 jan20 - dec20* jan21 - dec21 jan22 - dec22 Recurring EBIT
Slide 11: Electronics Activity
ELECTRONICS ACTIVITY A VERY DYNAMIC YEAR DESPITE SUPPLY DIFFICULTIES +62,5% vs N-1 +11,7% at constant perimeter View per quarter (in €M) Revenue (€M) 522,2 +41,0% vs Y-1 +55,2% vs Y-1 +92,1% vs Y-1 +66,7% vs Y-1 163,1 (FST) 321,5 135,4 138,7 122,1 126,0 275,3 86,6 81,1 79,2 83,2 75,9 75,1 70,5 359,1
Slide 12: City Activity
CITY ACTIVITY OVERALL STABILITY AND HIGH MOMENTUM IN STREET LIGHTING -0,7% vs Y-1 View per quarter (in €M) Revenue (€M) 109,9 109,1 98,1 -1,4% vs Y-1 -3,1% vs Y-1 +2,1% vs Y-1 -0,2% vs Y-1 33,3 33,3 28,9 28,0 29,2 26,7 24,4 21,8 23,8 23,4 23,9 20,5 jan20 - dec20* jan21 - dec21 jan22 - dec22 Jan-Mar
Slide 13: Environment Activity
ENVIRONMENT ACTIVITY SOLID GROWTH DRIVEN BY ALL SEGMENTS +9,1% vs Y-1 View per quarter (in €M) Revenue (€M) 76,4 67,5 70,1 +14,0% vs Y-1 +11,7% vs Y-1 +14,5% vs Y-1 -1,8% vs Y-1 19,6 19,2 18,3 19,7 19,7 19,4 17,2 17,2 17,6 15,7 14,5 16,0 jan-mar avr-juin juil-sep jan20 - dec20* jan21 - dec21 jan22 -
Slide 14: Simplified Income Statement
SIMPLIFIED INCOME STATEMENT 2022 RESULTS: RETURN OF NET INCOME TO A MORE NORMAL LEVEL December 31 December 31 In €M 2022 2021 Variation 12 months 12 months • EBITDA growth of 43.1% • Increase in depreciation and Revenue 707,8 501,5 +41,1% amortization related to Firstronic; Operating profit up 22% E
Slide 15: Simplified Balance Sheet
SIMPLIFIED BALANCE SHEET December 31 December 31 In €M 2022 2021 Non-current assets 252,1 250,6 • Growth in shareholders' equity and Current assets (excluding cash) 316,7 259,3 increase in long and medium-term financial debt (€29.4 million in new Cash and cash equivalents 22,6 33,4 loans) TOTAL ASSE
Slide 16: Cash Flow Statement
CASH FLOW STATEMENT December 31 December 31 In €M 2022 2021 12 months 12 months Consolidated net income 11,7 22,4 • Increase in cash flow, to €36.8 million Cash flows from operations 36,8 20,5 • High consumption of working capital due to: Changes in working capital relating to • growth in activity (
Slide 17: A Strong Financial Structure
A STRONG FINANCIAL STRUCTURE Shareholders’ equity, €M Gearing ratio 200 194 0,8 180 • Increase in shareholders' 0,7 equity 150 0,6 0,72 • Increase in net debt since 0,5 2020 to support growth 99 103 108 0,57 (external growth and 86 94 100 100 0,4 strategic stocks) 0,54 0,40 0,34 0,3 • Gearing ratio
Slide 18: Leadership 2025
03 LEADERSHIP 2025 PROGRESS & FUTURE CHALLENGES This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 19: Leadership 2025 – Ambition & Strategic Pillars
LEADERSHIP 2025 – AMBITION & STRATEGIC PILLARS 2020 2025 €441M Revenue €800M Revenue 5,9% EBITDA ~9% EBITDA International manufacturer of innovative Global leader in Industrial IoT solutions and electronic technological and industrial equipment equipment for critical applications Strategic Technolog
Slide 20: #1 – Technological Leadership
#1 – TECHNOLOGICAL LEADERSHIP 2021 2022 2023 2024 2025 OUR PROGRESS THE STAKES OF 2023-2025 ✓ €49 M in cumulative R&D investments ✓ Launch new generations of products based on our IoT platforms ✓ Deployment of the IoT platform strategy (Low power / Edge / Cloud) generating synergies : ✓ Capitalize o
Slide 21: #2 – Strategic Geographical Positions
#2 – STRATEGIC GEOGRAPHICAL POSITIONS 2021 2022 2023 2024 2025 OUR PROGRESS THE STAKES OF 2023-2025 708 Rest of the world 71 North America 501 163 Others UE 58 72% ✓ Continue our international development by 63% 227 Germany strengthening our presence in our domestic areas 213 France 44 47 37% 187 19
Slide 22: #3 – M&A
#3 - M&A 2021 2022 2023 2024 2025 OUR PROGRESS THE STAKES OF 2023-2025 ✓ Acquisition of Firstronic followed by a successful integration ✓ Completion of at least one other significant M&A for LACROIX: objective of acquiring an Industrial IoT player in our market segments (Smart Water, Smart Grids, Sm
Slide 23: #4 – Accelerate Our Industry 4.0 Leadership
#4 - ACCELERATE OUR INDUSTRY 4.0 LEADERSHIP 2021 2022 2023 2024 2025 OUR PROGRESS THE STAKES OF 2023-2025 ✓ Accompany significant growth and the introduction of new products with a primary focus on customer satisfaction ✓ €52M of CAPEX over 2021 & 2022 (4.3% of sales) ✓ Double the industrial surface
Slide 24: #5 – Transition to End to End Solutions
#5 – TRANSITION TO END TO END SOLUTIONS 2021 2022 2023 2024 2025 OUR PROGRESS THE STAKES OF 2023-2025 ✓ Development of hardware and software platforms ✓ Focus on our Smart Water and Smart Lighting segments (edge/cloud) as the technological foundation for deploying our service offerings ✓ Launch of a
Slide 25: Our Mission, a Strong Guideline
OUR MISSION, A STRONG GUIDELINE Contribute to build & manage more sustainable life ecosystems thanks to useful, robust & secured connected technologies 25 This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization. . 25
Slide 26: Our Societal Commitments
OUR 4 SOCIETAL COMMITMENTS Grow positive impact Design eco-efficient Run sustainable Develop our people business solutions operations & territories Certifications Reduce our greenhouse Care and share gas emissions - 53/100 Focus on positive Eco-design greater than or equal to 62% impact solutions ou
Slide 27: Objectives 2023
04 OBJECTIVES 2023 This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 28: 2023, Revenue Growth Above 6% & EBITDA to Exceed 50M€
2023, REVENUE GROWTH ABOVE 6% & A FURTHER INCREASE IN EBITDA TO EXCEED 50M€ AT CONSTANT PERIMETER +6% BU SIGNA >750 ✓ The main drivers of revenue growth : 708 57 • ELEC: dynamic activity in all sectors 501 • CITY: booming street lighting segment in France REVENUE, 693 and internationally, and resump
Slide 29: Project to Sell the Road Signs BU
PROJECT TO SELL THE ROAD SIGNS BU ROAD SIGNS BU A STRATEGIC REFOCUSING ✓ A leader in road signage solutions ✓ Priority to industrial IoT & electronic equipment ✓ Weak commercial and technological synergies with other ✓ 25% market share in France: strong reputation segments of the City business (Publ
Slide 30: Conclusion
05 CONCLUSION This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 31: LACROIX in 2025 - Objectives Confirmed
LACROIX IN 2025 - OBJECTIVES CONFIRMED Key figures €800m ~9% <0.8 Revenue EBITDA Margin Gearing ratio >75% >70% >5% Internal satisfaction Share of revenue Revenue out of France invested in R&D ~ 30% Profits distributed This document is proprietary and confidential to LACROIX and may not be reproduce
Slide 32: 2025 Trajectory with Strong EBITDA Growth
2025 TRAJECTORY WITH STRONG EBITDA GROWTH SUPPORTED BY CLEARLY IDENTIFIED LEVERS EBITDA, €M AND % REVENUE, INDICATIVE IMPACTS VALUE CREATION LEVERS 2023 Price Evolution New International New Securities M&A 2021 2022 (Guideline) increase mix offers expansion services & others 2025 business ~70 >50 Re
Slide 33: Dividends
DIVIDENDS This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 34: Dividends: €0,80 per Share
DIVIDENDS: €0,80 PER SHARE Proposal to the Shareholders' Meeting of May 11, 2023 of a dividend of 0.80 euros per share, i.e. a distribution rate of 33%. 1 50% 0,9 0,9 45% 0,8 0,85 0,8 40% 0,72 0,7 35% 0,6 0,68 33% 0,6 33% 32% 30% 32%* 0,5 28% 25% 0,4 23% 0,4 20% 0,3 17% 15% 0,2 10% 0,1 5% 0 0% 2016
Slide 35: Upcoming Events
UPCOMING EVENTS This document is proprietary and confidential to LACROIX and may not be reproduced without prior authorization.
Slide 36: Next Appointments
NEXT APPOINTEMENTS • May 09, 2023: Q1 2023 revenues • May 11, 2023: Annual General Meeting • August 28, 2023: Q2 & H1 2023 revenues • September 28, 2023: half-yearly results 2023 • November 7, 2023: Q3 2023 revenues Ce document est confidentiel, et est la propriété de LACROIX, il ne peut être reprod
Slide 37: Questions / Answers
QUESTIONS / ANSWERS This document is proprietary and confidential to LACROIX, it may not be reproduced without prior authorization. 37