Signify Nv · EURONEXT:LIGHT
Signify Nv — Shareholder Meeting (April 2025)
42 slides from Signify Nv's shareholder meeting presentation, Apr 25, 2025
Slide 1: Annual General Meeting of Shareholders 2025
©ignify Annual General Meeting of Shareholders 2025
Slide 2: Presentation by CEO Eric Rondolat
|. Presentation by CEO Eric Rondolat ©ign ify
Slide 3: Full year 2024: Transitioning to a stronger growth profile
Full year 2024 Transitioning to a stronger growth profile ° Full year sales of EUR 6.1 billion ° Adjusted EBITA margin of 9.9% * Free cash flow of 7.1% sales » LED-based sales increased to 93% of total sales * Connected light points rose to 144 million ° Invested 4.3% of sales in R&D * Cost reductio
Slide 4: Brighter Lives, Better World 2024
Classified Brighter Lives, Better World 2024 Doubling our positive impact on the environment and society Better World Climate action Circular economy 2019 Q4 2024 2025 Baseline Result Target Carbon reduction over value chain against Paris Agreement 324 MT Circular revenues m oi Brighter lives revenu
Slide 5: Signify's Frontiers strategy
Signify’s 5 Frontiers strategy
Slide 6: Build a customer-centric organization
Signify’s 5 Frontiers strategy Build a customer-centric organization Customer Net Promoter Score of 59
Slide 7: Deliver differentiated lighting offers
Signify’s 5 Frontiers strategy Deliver differentiated lighting offers 4.3% of sales invested in R&D 20,250 patents Achieved double-digit growth on ultra- efficient, private label and b-brand offerings
Slide 8: Drive growth for sustainability
Signify’s 5 Frontiers strategy Drive growth for sustainability LED represented 93% of sales Connected lighting reached 27% of sales
Slide 9: Digitalize and transform for the future
Signify’s 5 Frontiers strategy Digitalize and transform for the future Direct consumer e-commerce represented 12.4% sales Generative Al deployed in customer care, software development, and engineering functions
Slide 10: Be a great place to work
Signify’s 5 Frontiers strategy Be a great place to work Employee Net Promoter Score of 29 47% of mid-senior positions filled internally
Slide 11: Signify is the world leader in lighting
Classified Signify is the world leader in lighting We provide high-quality energy efficient lighting products, systems and services Light sources Luminaires Systems and Services Connected, LED people in and Conventional >70 countries
Slide 12: Transition to LED and Connected lighting
Classified Transition to LED and Connected lighting Transition from conventional to LED-based sales (% of total sales) 7% Connected LED & specialty lighting LED 2% 3% 2012 2024 Blink Philips LED and Interact — Hala Urania, Olsztyn, Poland
Slide 13: Partnership with Mercedes-AMG PETRONAS F1 Team
Classified Partnership with Mercedes-AMG PETRONAS Fl Team Driven by responsible innovation Enhancing performance and well-being Advancing sustainability Elevating experiences We support the team’s ambition of Our lighting boosts the team’s We deliver unforgettable fan reaching net-zero performance a
Slide 14: First quarter 2025
Signify myCreation - Copenhagen Airport, Denmark First quarter 2025 * Sales of EUR 1.4 billion * Comparable sales of -2.8% * Operational profitability of 8.0% * Connected light points rose to 153 million * Free cash flow of EUR 40 million * Completed share repurchases to cover share- based remunerat
Slide 15: Outlook 2025
Classified Outlook 2025 In 2025 Signify expects sales momentum to build through the year leading to: Low single digit comparable sales growth, excluding Conventional 4 a . . . = 4 g x Stable adjusted EBITA margin vs 2024 a _ Ke Free cash flow between 7-8% of sales Xiaomi Smart Chassis Ambient Light
Slide 16: Connected LED and specialty lighting
Connected LED and specialty lighting
Slide 17: Intelligent lighting for a smarter Dusseldorf
ies | Intelligent lighting for a smarter Dusseldorf enhances safety on streets _ _,, es: ike 4 ane SIdeWalks 4) ——pce See Ie. , y? al == op r of ae 1a , ed xx \ oy > epee of aaa) OF | . (thes ; Nl a i
Slide 18: Climate action
Climate action
Slide 19: Food availability and advances energy
Food availability and advances ener:
Slide 20: Classified
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Slide 21: Human well-being
Land well-being rere 13 oe ae -* oO we” “ f ‘\|z Comprehensive solution featuring NatureConnect, 3D printing and Interact supports einpiove? well-being and sustainability at Soren Jensen’s office
Slide 22: Corporate Social Responsibility through the Signify Foundation
Corporate Social Responsibility through the Signify Foundation 10 million lives lit, one year ahead of target. Since 2023, Signify Foundation has delivered 72 projects Brighter living: villages, or refugee settlements Brighter learning: schools, playgrounds, children’s homes Brighter health: primary
Slide 23: Classified
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Slide 24: 2. Remuneration report 2024
2. Remuneration report 2024 ©ign ify
Slide 25: Remuneration Board of Management - Structure
Classified Remuneration Board of Management - Structure Base Salary January 1, 2024 (+3%) * E.H.E Rondolat - € 1,014,780 * H.M.Chitale -€ 663,320 January 1, 2025 (+3%) * E.H.E Rondolat - € 1,045,223 * H.M.Chitale -€ 683,220 ' Expressed as a percentage of salary 25 Annual Cash Incentive (stl)! + CEO
Slide 26: Annual Incentive (STI) Realization 2024
Annual Incentive (STI) Realization 2024 Financial Component (80% weighting) Threshold Weighted (50%) Actual Pay-out pay-out Comparable sales growth (8.0%) (6.6%) 8% 12% STI 2024 . (€K) Adjusted EBITA 10.0% 9.9% WoCa 6.9% 6.9% 53.5% E.H.E. Rondolat 365.3 H.M. Chitale 179.1 Team/Individual Component (
Slide 27: Long-term Incentive (LTI)
Classified Long-term Incentive (LTI) 2022 Achievement and Vesting Levels Relative TSR Performance -% 5 Frontier Strategy Brighter Lives, Better World 2025 Program ga Better World ‘Customer centilcity 25% 25% Resulting final vesting 2022 LTI grant: 37.5%
Slide 28: 3. Policy on additions to reserves and dividends
3. Explanation of the policy on additions to reserves and dividends ©ign ify
Slide 29: Proposed 2024 dividend of EUR 1.56 per share
Classified Signify, as part of its overall capital allocation policy, proposes a 2024 dividend of EUR 1.56 to be paid in cash in 2025 Capital allocation policy Key developments * Continue to maintain a robust capital 2024 structure to support our commitment to an * Signify strengthened its balance s
Slide 30: Net debt reduced to EUR 920m driven by strong cash flow
Classified Signify’s net debt reduced to EUR 429m driven by strong cash flow generation, allowing for successful deleveraging Characteristics at the end of 2024 Net debt development in 2024 (in EUR million) Total net debt position of EUR 920 million _ 1,071 438 Total gross debt of EUR 1,553 million:
Slide 31: 4. Financial statements 2024, 5. Dividend, 6. Discharge
4. Financial statements 2024 5. Dividend 6. Discharge members of the Board of Management and Supervisory Board ©ign ify
Slide 32: Audit financial statements 2024
Annual General Meeting Signify N.V. Audit financial statements 2024 EY Accountants B.V. April 25, 2025
Slide 33: Financial audit approach & focus
Classified | Financial audit approach & focus Scope Strategy/Execution Conclusion Statutory and consolidated financial statements Responsibilities Audit procedures Annual/Directors’ report, including: ► Key Audit Matters Teaming ► Unqualified opinion ► Corporate Governance ► Core team and component
Slide 34: Classified
Classified
Slide 35: 7. Composition of the Board of Management
7. Gomposition of the Board of Management ©ign ify
Slide 36: 8. Composition of the Supervisory Board
8. Composition of the Supervisory Board ©ign ify
Slide 37: 9. Appointment of assurance provider of the company
q. Appointment of assurance provider of the company ©ign ify
Slide 38: 10. Authorizations of the Board of Management
IO. Authorizations of the Board of Management to (a) issue shares or grant rights to acquire shares (b) restrict or exclude pre-emptive right @©ignify
Slide 39: 11. Authorization to acquire shares in the company
Il. Authorization of the Board of Management to acquire shares in the company ©ign ify
Slide 40: 12. Cancellation of shares
l2. Cancellation of shares @©ignify
Slide 41: 13. Any other business
13. Any other business @©ignify
Slide 42: Signify - the meaning of light
(S)ignify the meaning of light