Slide 1: 2023 Full-Year Results
2023 Full-Year Results Paris | February 22, 2024 Listen to the live webcast here or find us at http://www.groupeseb.com
Slide 2: Disclaimer
2023 FULL-YEAR RESULTS DISCLAIMER This document may contain certain forward-looking The factors which could considerably influence Groupe statements regarding Groupe SEB’s activity, results and SEB’s economic and financial results are presented in financial situation. These forecasts are based on th
Slide 3: Agenda
2023 FULL-YEAR RESULTS 01 Introduction 02 Financial highlights 03 Major operational achievements .1 Consumer .2 Professional .3 CSR 04 Outlook 05 Appendices 22/02/2024 3
Slide 4: Introduction
2023 FULL-YEAR RESULTS Introduction 22/02/2024 4
Slide 5: The Group returned to a profitable growth dynamic in 2023
2023 FULL-YEAR RESULTS The Group returned to a profitable growth dynamic in 2023 Sales ORFA Operating margin €8,006m €726m 9.1% vs. €7,960m in 2022 vs. €620m in 2022 vs. 7.8% in 2022 +5.3% LFL vs. 2022 +17.0% vs. 2022 Net profit Net financial debt Dividend €386m €1,769m €2.62 vs. €316m in 2022 -€204
Slide 6: Financial highlights
2023 FULL-YEAR RESULTS Financial highlights 22/02/2024 6
Slide 7: Strong organic growth at 5.3%, negative FX impact
2023 FULL-YEAR RESULTS Strong organic growth at 5.3% Negative FX impact, as anticipated Sales in €m +420 -420 +46 7,960 8,006 Organic growth Currency effect Scope effect +5.3% -5.3% +0.6% +0.6% Reported growth 2022 2023 22/02/2024 7
Slide 8: Marked FX impact in 2023, especially in H2
Marked FX impact in 2023, especially in H2 40 20 0 - 20 - 40 - 60 - 80 - 100 - 120 -€420m H1: -€121m - 140 H2: -€299m - 160 - 180 MXN CHF PLN AUD GBP CAD KRW COP UAH ARS JPY USD EGP TRY RUB CNY Others Others 22/02/2024 8
Slide 9: Clear return to organic growth since Q2 2023
2023 FULL-YEAR RESULTS Clear return to organic growth since Q2 2023 Group quarterly organic sales growth +8.9% +8.5% +6.8% +0.4% -3.7% -5.1% -5.6% -8.1% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 22/02/2024 9
Slide 10: Excellent performance in Professional, return to growth in Consumer
2023 FULL-YEAR RESULTS Excellent performance in Professional Return to organic growth in Consumer SALES €8,006m +0,6% +5.3% LFL Professional Consumer €962m €7,045m +32.6% -2.6% +26.5% LFL +3.2% LFL 22/02/2024 10
Slide 11: Professional: excellent performance
2023 FULL-YEAR RESULTS Professional Excellent performance 2023 €962m Record year for Professional Coffee > Strong growth in strategic markets: China, US and DACH +26.5% LFL > Successful roll-out of large contracts and continued development of core business with independent customers Q4 2023 > Q4 per
Slide 12: Consumer - EMEA
2023 FULL-YEAR RESULTS Consumer - EMEA Western Europe progressively back to growth Brisk momentum in Eastern Europe 2023 Gradual return to organic growth in Western Europe: €3,475m > Growth c. 5% in France +6.6% LFL > Improved performance in Q4 in Germany > Good growth dynamic in Spain, Belgium and
Slide 13: Consumer - Americas
2023 FULL-YEAR RESULTS Consumer - Americas US trending upward Mexico and South America growing sharply 2023 Return to organic growth (+5%) in the US in H2 €1,113m > Consolidated leader position in cookware +1.4% LFL Double-digit organic growth in Mexico +11.0% > Market share gains across all categor
Slide 14: Consumer - Asia
2023 FULL-YEAR RESULTS Consumer - Asia Outperformance in China Improving trends in other Asian countries 2023 Growth in China despite an adverse environment €2,457m > Positive sales increase, including +3% in Q4 -0.6% LFL > Continued market share gains in cookware and kitchen electrics > Resilient p
Slide 15: Strong ORFA growth in 2023
2023 FULL-YEAR RESULTS Strong ORFA growth in 2023 2023 Q4 Operating Result €726m €337m From Activity (ORFA) +17.0% vs. 2022 +11.6% vs. 2022 Operating margin 9.1% 13.6% +130 bps vs. 2022 +100 bps vs. 2022 22/02/2024 15
Slide 16: Operating margin towards standard Group levels since Q2
2023 FULL-YEAR RESULTS Operating margin towards standard Group levels since Q2 13.6% 12.6% 12.6% 10.6% 10.9% 8.3% 7.3% 6.4% 6.3% 5.8 3.6% 3.4% Q1 Q2 Q3 Q4 Median 2015-2021 2022 2023 22/02/2024 16
Slide 17: ORFA bridge in 2023
2023 FULL-YEAR RESULTS ORFA bridge in 2023 In €m 102 -28 -102 Growth 160 drivers Cost of -166 sales Administrative & commercial 134 expenses 4 726 Price Mix Currencies Scope 620 effect Volumes 2022 2023 22/02/2024 17
Slide 18: ORFA bridge in 2023
2023 FULL-YEAR RESULTS ORFA bridge in 2023 In €m 102 -28 -102 Growth 160 drivers Cost of -166 sales Administrative & commercial 134 expenses 4 726 Price Mix Currencies Scope 620 effect Volumes > Back to a positive volume effect in the Consumer business, with strong growth in Professional > Enriched
Slide 19: ORFA bridge in 2023
2023 FULL-YEAR RESULTS ORFA bridge in 2023 In €m 102 -28 -102 Growth 160 drivers Cost of -166 sales Administrative & commercial 134 expenses 4 726 Price Mix Currencies Scope 620 effect Volumes > Decline in purchasing costs for raw materials, components, finished products and freight > Slight increas
Slide 20: Breakdown of growth drivers
2023 FULL-YEAR RESULTS Breakdown of growth drivers 2023 2023 LFL (€m) 2022 2023 LFL vs. 2022 Innovation 283 298 303 +6.8% Advertising and marketing 584 556 593 +1.7% GROWTH DRIVERS TOTAL 867 854 896 +3.4% 22/02/2024 20
Slide 21: ORFA bridge in 2023
2023 FULL-YEAR RESULTS ORFA bridge in 2023 In €m 102 -28 -102 Growth 160 drivers Cost of -166 sales Administrative & commercial 134 expenses 4 726 Price Mix Currencies Scope 620 effect Volumes > Negative FX impact, as anticipated, reflecting: > the depreciation of some currencies in emerging countri
Slide 22: Enhanced profitability
2023 FULL-YEAR RESULTS Enhanced profitability (€m) 2022 2023 Change Sales 7,960 8,006 +0,6% ORFA 620 726 +17.1% Operating margin % 7.8% 9.1% +130bps Profit attributable to owners of 316 386 +22.1% the parent As a % of sales 4.0% 4.8% +80bps 22/02/2024 22
Slide 23: WCR: continued decline in inventories (1/2)
2023 FULL-YEAR RESULTS WCR: continued decline in inventories and effects production seasonality at year-end (1/2) 2022 2023 €m % sales €m % sales Inventories 1,682 21.1% 1,475 18.4% Receivables 645 8.1% 794 9.9% Payables -933 -11.7% -1,100 -13.7% Operating WCR 1,393 17.5% 1,169 14.6% 22/02/2024 23
Slide 24: WCR: continued decline in inventories (2/2)
2023 FULL-YEAR RESULTS WCR: continued decline in inventories and effects production seasonality at year-end (2/2) Change in net operating WCR (% sales) 17.5% Inventories back 16.4% 16.5% in line with standard 14.6% Group levels, after 3 volatile years 13.8% 12.2% Conjunctural positive impact of prod
Slide 25: Substantial free cash-flow generation
2023 FULL-YEAR RESULTS Substantial free cash-flow generation... In €m 218 -247 260 985 -147 Chg. Operating Capex WCR -77 73 805 Tax 726 Amortization/ Cost of net Chg. non Employee profit- financial debt operating WCR and others sharing* 2023 2023 2023 ORFA adjusted EBITDA FCF 22/02/2024 *Statutory a
Slide 26: Leading notably to net debt reduction
2023 FULL-YEAR RESULTS ... leading notably to net debt reduction In €m 1,973 -805 53 1,769 81 238 Restructuring and other Share 34 buybacks** 195 Acquisitions* Currencies Free cash Dividends flow -€204m 31/12/2022 31/12/2023 22/02/2024 * Incl. SEB Alliance ** SEB SA and Supor 26
Slide 27: Strong & healthy financial structure at 31/12/2023
2023 FULL-YEAR RESULTS Strong & healthy financial structure at 31/12/2023 In €m 2,933 1,521 €2.5bn Schuldschein issue Available liquidity €650m (o/w €990m syndicated credit line) Increased financial flexibility 358 1,769 Cash & equiv., IFRS 16 other investments debt and financial instruments 3.7 yea
Slide 28: Leverage down to 1.8x EBITDA
2023 FULL-YEAR RESULTS Leverage down to 1.8x EBITDA Ratios at 31/12 2.8 2.4 2.3 2.1 1.9 1.8 1.8 1.5 2.1 1.9 1.9 1.6 1.6 1.0 1.4 0.9 1.3 Excl. M&A 0.6 and IFRS 16 13 14 15 16 17 18 19 20 21 22 23 Net financial debt/Adjusted EBITDA Net financial debt/Adjusted EBITDA (excl. IFRS 16) 22/02/2024 28
Slide 29: 15-year dividend growth
2023 FULL-YEAR RESULTS 15-year dividend growth € per share 2.62* 2.45 2.45 +7.8% 2.14 CAGR 1.95 1.82 1.56 1.40 1.26 1.31 1.20 1.14 1.06 1.30 0.95 0.85 * Proposed at AGM of May 23, 2024 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 22/02/2024 Restated historic data 1
Slide 30: Major operational achievements
2023 FULL-YEAR RESULTS Major operational achievements 22/02/2024 30
Slide 31: Consumer
2023 FULL-YEAR RESULTS .1 Consumer 22/02/2024 31
Slide 32: Value creation: our key success factors
2023 FULL-YEAR RESULTS Value creation: our key success factors LEADERSHIP IN CONSUMER EXTENSIVE COMPETITIVE STRONG GLOBAL CONTINUOUS GO-TO-MARKET PRODUCT INDUSTRIAL BRANDS PRESENCE INNOVATION EXCELLENCE OFFERING FOOTPRINT + PROVEN EXPERTISE IN M&A PIONEERING ROLE IN CORPORATE SOCIAL RESPONSIBILITY 2
Slide 33: Successful commercial activation for a renewed range: Versatiles
2023 FULL-YEAR RESULTS 2023: successful commercial activation for a renewed range Versatiles CONSUMER PRICES Strong competitor in Western Europe RSP* <€149 €159 - €319 €319 - €499 >€500 No. 2 in the region GOOD BETTER BEST PREMIUM Highly successful product offering in Eastern Europe No. 1 or No. 2 i
Slide 34: Groupe SEB market leader drives category momentum: Linen care
2023 FULL-YEAR RESULTS 2023: Groupe SEB, market leader, drives category momentum Linen care Double-digit organic sales growth in 2023 Innovative solutions and range expansion in 2023 Consolidated global leadership to meet changing consumer demand > Delegation, last-minute touch-ups: Pure Pop & Care
Slide 35: Enhanced, efficient product dynamic: Cookware
2023 FULL-YEAR RESULTS 2023: enhanced, efficient product dynamic Cookware Ingenio: Group bestseller Considerable room for growth > 2 key, mature markets: Double-digit sales France and Japan growth in > Large-scale rollout 2023 in some twenty promising countries Renew: successful launch All-new ceram
Slide 36: Flagship category, sustained pace of launches: Kettles
2023 FULL-YEAR RESULTS 2023: flagship category, sustained pace of launches Kettles Go-to player in China Undisputed market leader Europe: leadership positions for 20 years in Japan No. 1 in France NEW IN 2023 NEW IN 2023 NEW IN 2023 Launch of the S-mark New high-end New design range & technologies r
Slide 37: Buoyant market, successful product offering: Oil-less fryers
2023 FULL-YEAR RESULTS 2023: buoyant market, successful product offering Oil-less fryers Product range quickly Multifunction RSP €229–289 Driver category in small electrical appliances completed and expanded Increased market penetration, Appeal of dual drawers offering NEW IN 2023 Dual drawers RSP €
Slide 38: Cemented market leader position: Rice cookers in China
RÉSULTATS ANNUELS 2023 2023: cemented market leader position Rice cookers in China Wide range covering ever-evolving needs NEW IN 2023 Next-generation spherical pot Air injection Next during generation Infrared cooking Small capacity (2L) cooking spherical pot INNOVATION Striving for Disruptive Sing
Slide 39: Fueling growth in all our product categories
2023 FULL-YEAR RESULTS Fueling growth in all our product categories 50% Consumer product ranges: 30% LFL change in FY 2023/Q4 2023 sales vs. 2022 20% 10% 0% Food LKA* Personal Cookware Electrical Beverages Home Linen Home -10% preparation care cooking care care comfort FY sales Q4 sales *Large Kitch
Slide 40: Outstanding commercial execution
2023 FULL-YEAR RESULTS Outstanding commercial execution Historic multichannel distribution Focus on China, 2023 7% 7% Online* >3,000 >25,000 E-commerce* Traditional Traditionnels Influencers Livestreams 41% 16% Specialists Spécialistes Mass retail Grande distribution 13% Group retail Magasins en pro
Slide 41: Continued investments in our supply chain
2023 FULL-YEAR RESULTS Continued investments in our supply chain... 2023 2023 Strategic insourcing Optimization of our logistics > Versatiles in Shaoxing (China) and > Opening of a logistics platform in Vernon (France) Bully-les-Mines, northern France (SDA) 130,000 stackable palettes > Oil-less frye
Slide 42: Developing new categories in Consumer
2023 FULL-YEAR RESULTS Developing new categories in Consumer 22/02/2024 42
Slide 43: Promising outdoor sector (1/2)
2023 FULL-YEAR RESULTS Promising outdoor sector (1/2) Nomadic living Isothermal bottles On-the-go devices Food storage containers 22/02/2024 43
Slide 44: Promising outdoor sector (2/2)
2023 FULL-YEAR RESULTS Promising outdoor sector (2/2) Outdoor living FORGE ADOUR acquired in July 2023 > Design, manufacture and marketing of Groupe SEB, planchas, accessories and outdoor kitchens now European leader > Manufacturing expertise (gas/electricity) in premium planchas > Opportunity to ex
Slide 45: Professional
2023 FULL-YEAR RESULTS .2 Professional 22/02/2024 45
Slide 46: Value creation: our key success factors
2023 FULL-YEAR RESULTS Value creation: our key success factors EXTENSIVE COMPETITIVE STRONG GLOBAL CONTINUOUS GO-TO-MARKET PRODUCT INDUSTRIAL BRANDS PRESENCE INNOVATION EXCELLENCE OFFERING FOOTPRINT + PROVEN EXPERTISE IN M&A PIONERING ROLE IN CORPORATE SOCIAL RESPONSIBILITY REFERENCE PLAYER IN PROFE
Slide 47: Reinforced leadership in Professional Coffee: new products
2023 FULL-YEAR RESULTS Reinforced leadership in Professional Coffee New products WMF 1100 S Office WMF 1500 F WMF ESPRESSO NEXT SCHAERER SOUL C CURTIS SKYLINE Offices Hotels, restaurants, coffee shops... Public places Further expansion of our full-auto professional coffee machines range Covering an
Slide 48: Additional category with La San Marco acquisition
2023 FULL-YEAR RESULTS Reinforced leadership in Professional Coffee Additional category with La San Marco acquisition Acquisition in Acquisition in Acquisition in FULL-AUTO FILTER COFFEE TRADITIONAL 2016 2019 2023 22/02/2024 48
Slide 49: Extensive geographical footprint, No. 1 in Full-Auto
2023 FULL-YEAR RESULTS Reinforced leadership in Professional Coffee Extensive geographical footprint Multi-local leader in 12 major countries No. 1 in Full-Auto Resounding success 30% market share in 2023 including China, USA and Germany with key accounts in the US, UK and China Sales outside Europe
Slide 50: Increased appeal of product offering and improved services
2023 FULL-YEAR RESULTS With the increased appeal of our product offering and continuously improved services Installed base New digital solutions 450,000 Loyalty program >140,000 Machines payment and management Connected machines in 2023 Personalized recipes Expanding base Services Secured network ac
Slide 51: China: a key investment to support Coffee ambitions
2023 FULL-YEAR RESULTS China: a key investment to support our strategic ambitions in Coffee Opening of a Professional Equipment Hub in Shaoxing, China R&D center, procurement and production hub: operational by 2025 Investment of €60m Significantly World no. 1 market for professional full-auto streng
Slide 52: Developing new categories in Professional
2023 FULL-YEAR RESULTS Developing new categories in Professional 22/02/2024 52
Slide 53: We aim to actively develop in professional culinary
2023 FULL-YEAR RESULTS We aim to actively develop in professional culinary BEVERAGES PROFESSIONAL CULINARY Full-Auto Filter Cold Cookware Hotel Food Cooking Coffee and beverages equipment preparation Traditional Coffee Global market (excl. Services) ~€15bn 22/02/2024 53
Slide 54: Entered professional food preparation segment with Pacojet
2023 FULL-YEAR RESULTS 2023: Entered professional food preparation segment with Pacojet Sales €25m Unique emulsifier, a chefs' favorite 22/02/2024 54
Slide 55: Acquisition project Groupe Sofilac
2023 FULL-YEAR RESULTS Acquisition project Groupe Sofilac 22/02/2024 55
Slide 56: Entry into the high-end cooking segment
2023 FULL-YEAR RESULTS Entry into the high-end cooking segment Acquisition project of Groupe Sofilac Sales Unique expertise Design, manufacture and marketing ~€60m of high-end cooking appliances for 3 production sites: Consumer and Professional markets full control of the value chain €5,000 - €25,00
Slide 57: Further completing our Professional Equipment portfolio
2023 FULL-YEAR RESULTS Further completing our Professional Equipment portfolio BEVERAGES PROFESSIONAL CULINARY Full-Auto Filter Cold Cookware Hotel Food Cooking Coffee and Traditional beverages equipment preparation Coffee Indirect historical presence 2024 sales: >€1bn 22/02/2024 57
Slide 58: Corporate Social Responsibility
2023 FULL-YEAR RESULTS .3 CORPORATE SOCIAL RESPONSIBILITY 22/02/2024 58
Slide 59: Positive outcomes for our 2018-2023 CSR ambition
2023 FULL-YEAR RESULTS Positive outcomes for our 2018-2023 CSR ambition… Significant carbon footprint reduction of the Group’s activities Increasingly circular solutions Strengthened exemplarity of Group social practices Products designed for healthier and more sustainable living 22/02/2024 59
Slide 60: Standout success to meet ambitious targets
2023 FULL-YEAR RESULTS …with standout success to meet ambitious targets -40% carbon intensity (Scope 1&2) Products/packaging with more recycled materials (kg CO2 per unit made, reference year 2016) Tgt. 50% 48% -12% 38% Tgt. –40% -40% 2018 2023 2018 2023 Sharp reduction in lost-time injury rate Incr
Slide 61: Recent investments to reduce carbon footprint
2023 FULL-YEAR RESULTS Recent investments to reduce carbon footprint More energy-efficient manufacturing base Colombia and France (Vernon, Pont-Evêque) Investments in solar panels Omegna, Italy (up to 35% of needs) Yuhuan, China (15% of needs) -40% carbon intensity (Scope 1&2) between 2016 and 2023
Slide 62: Best-in-class performance recognized by EcoVadis
2023 FULL-YEAR RESULTS Best-in-class performance in social, societal and environmental criteria, as recognized by ECOVADIS Groupe SEB Awarded Platinum in 2023 Platinum medal Top 1% companies assessed by EcoVadis Best scores in Environment and Labor & Human Rights categories 22/02/2024 62
Slide 63: Outlook
2023 FULL-YEAR RESULTS Outlook 22/02/2024 63
Slide 64: Reminder of our Mid-Term ambitions
2023 FULL-YEAR RESULTS Reminder of our Mid-Term ambitions announced in December 2023 LFL sales CAGR at least 5% Continued substantial free cash-flow generation Operating margin toward 11% 22/02/2024 64
Slide 65: Outlook for 2024
2023 FULL-YEAR RESULTS Outlook for 2024 Expected Still uncertain macroeconomic and geopolitical context environment Slow economic recovery, especially in China Resilient Consumer market Continued brisk development in Professional markets Our Consumer: sales • more widespread return to growth in matu
Slide 66: Appendices
2023 FULL-YEAR RESULTS Appendices 22/02/2024 66
Slide 67: Detailed income statement
2023 FULL-YEAR RESULTS Detailed income statement (€m) 2022 2023 Change Sales 7,960 8,006 +0,6% Operating expenses (7,339) (7,280) -0.8% ORFA 620 726 +17.0% Statutory and discretionary employee profit-sharing (18) (24) +35.7% Other operating income and expenses (56) (34) -38.4% Operating profit 547 6
Slide 68: Simplified balance sheet
2023 FULL-YEAR RESULTS Simplified balance sheet (€m) 2022 2023 Tangible fixed assets 4,651 4,739 Operating working capital requirement 1,393 1,169 Total assets to be financed 6,044 5,908 Equity 3,449 3,461 Long-term provisions 272 293 Other current assets and liabilities 350 385 Net financial debt 1
Slide 69: Total sales per region and businesses
2023 FULL-YEAR RESULTS Total sales per region and businesses Total sales Consumer sales Professional Consumer 12% 88% Other Asia Western Europe 7% 34% China 28% €8,006m €7,045m +5.3% LFL +3.2% LFL South America 5% Other EMEA 15% North America 11% 22/02/2024 69
Slide 70: Annual sales by region
2023 FULL-YEAR RESULTS Annual sales by region In €m 2022 2023 As reported 2023 LFL Q4 2023 LFL EMEA 3,444 3,475 +0.9% +6.6% +10.9% Western Europe 2,416 2,401 -0.6% -0.4% +6.1% Other countries 1,028 1,074 +4.5% +23.2% +21.7% AMERICAS 1,130 1,113 -1.5% +1.4% +7.0% North America 797 767 -3.7% -2.8% +0.
Slide 71: 2023 quarterly sales
2023 FULL-YEAR RESULTS 2023 quarterly sales In €m Q4 2023 Q1 Q2 H1 Q3 9M Q4 2023 FY 2023 LFL LFL EMEA 760 729 1,489 794 2,282 1,192 +10.9% 3,475 +6.6% Western Europe 524 505 1,029 533 1,562 839 +6.1% 2,401 -0.4% Other countries 236 224 460 261 720 353 +21.7% 1,074 +23.2% AMERICAS 212 246 458 320 778
Slide 72: FY 2023 quarterly sales growth, LFL
2023 FULL-YEAR RESULTS FY 2023 quarterly sales growth, LFL In €m Q1 2023 Q2 2023 H1 2023 Q3 2023 9 months 2023 Q4 2023 FY 2023 LFL LFL LFL LFL LFL LFL LFL EMEA -5.0% +12.8% +3.1% +7.0% +4.5% +10.9% +6.6% Western Europe -9.6% +3.3% -3.7% -3.4% -3.6% +6.1% -0.4% Other countries +6.7% +37.3% +20.5% +29
Slide 73: Main non-financial ratings
2023 FULL-YEAR RESULTS Main non-financial ratings A- (Climate) 81/100 64/100 (Advanced) 21.4 (Medium risk) BBB (Average) 22/02/2024 73
Slide 74: Glossary
2023 FULL-YEAR RESULTS Glossary On a like-for-like basis (LFL) – Organic Free cash flow The amounts and growth rates at constant exchange rates and consolidation scope Free cash flow corresponds to adjusted EBITDA, after accounting for the change in the in a given year compared with the previous yea
Slide 75: Contacts
2023 FULL-YEAR RESULTS Contacts Investor / Analyst Relations Media Relations Groupe SEB Groupe SEB Image Sept Investor Relations Corporate Communication Caroline Simon and Financial Communication Dept Dept Claire Doligez Isabelle Dunoyer de Raphaël Hoffstetter Guillaume Baron Cathy Pianon Segonzac A
Slide 76: Next key dates – 2024
2023 FULL-YEAR RESULTS Agenda Next key dates – 2024 April 25 | after market closes Q1 2024 sales and financial data May 23 | 2:30 pm (Paris time) Annual General Meeting July 25 | before market opens H1 2024 sales and results October 24 |after market closes 9-month 2024 sales and financial data 22/02