Slide 1: Q3 2023 Trading Update
Q3 2023 Trading Update October 27, 2023 2023 2021 1
Slide 2: 9-month 2023 key highlights
9-month 2023 key highlights Solid growth of consolidated sales 9M 2023 consolidated sales of €5,164m, up 3.9% overall and 5.7% organically NAV : €162.0 per share, slightly down 1.6%(1) YTD and overall stable (+1.2%) vs June 30, 2023 • Appreciation of the value of unlisted assets in Q3: Constantia Fl
Slide 3: Organic growth boosted by Bureau Veritas and CPI
Organic growth boosted by Bureau Veritas and CPI YTD consolidated sales: €5.2bn, up +3.9% Q3 consolidated sales: €1.7bn, down -1,0% o/w +5.7% organic growth, o/w +5.0% organic growth, +2.3% Scope and -4.2% FX +1.6% Scope and -7.6% FX (vs. same periods of previous year) Organic change YTD Sept. +26.1
Slide 4: NAV of €7,192m as of September 30, 2023
NAV of €7,192m as of September 30, 2023 (in m€ unless stated otherwise) September 30, 2023 Listed equity investments Number of shares Share price(1) 4,242 • Bureau Veritas 160.8 million €23.9 3,846 • IHS Towers 63.0 million $5.6 334 • Tarkett €10.3 61 Investments in unlisted assets(2) 4,113 Other as
Slide 5: Net Asset Value per share bridge year-to-date
Net Asset Value per share bridge year-to-date H1 -2.8% +1.9 -2.3 Q3 167.9 -1.1 Listed -3.2 +1.2% 165.2 assets Unlisted +3.2 assets Others 163.2 -4.0 +3.7 -1.0 Dividend 162.0 paid Others Dividend (restated) Listed Unlisted assets assets o/w -€3.9 due to IHS (in €) NAV per share NAV per share NAV per
Slide 6: Wendel is financed at 2.4% average cost with no maturity until 2026
Wendel is financed at 2.4% average cost with no maturity until 2026 c.€1.5bn cash(1) + €875m undrawn credit facility extended to July 2028 Weighted average Cash available cost of bond debt: NEW 2.4% Exchangeable bonds into Bond maturity Bureau Veritas’ shares 750 (25% premium) Average maturity: 4.9
Slide 7: 2023 is a very dynamic year for Wendel and its portfolio companies…
2023 is a very dynamic year for Wendel and its portfolio companies… Significant progress already made on the new strategic directions announced in March: • Strong portfolio rotation with the acquisition of the Scalian Group, and the announcement of the upcoming disposal of Constantia Flexibles, abov
Slide 8: Financial agenda
Financial agenda Ny WENDEL
Slide 9: Financial agenda
Financial agenda Thursday December 12, 2023 2023 Investor Day Wednesday February 28 , 2024 FY 2023 results – Publication of NAV as of December 31, 2023, and Full-Year consolidated financial statements (post-market release). Thursday April 25, 2024 Q1 2024 Trading update – Publication of NAV as of Ma
Slide 10: Disclaimer
Disclaimer • This document has been prepared by Wendel S.E. (“Wendel”) solely for use at the Q3 2023 Trading update presentation, to be held on October 27, 2023. This document must be treated confidentially by attendees at such presentation and may not be reproduced or redistributed to any other per
Slide 11: For more information, please visit www.wendelgroup.com
For more information, please visit www.wendelgroup.com 11 Wendel Q3 2022 Trading Update | October 28, 2022