Compagnie Chargeurs Invest : 2025 Annual results and new strategic signature presentation

About this update from Compagnie Chargeurs Invest

New capabilities, new ambitions FY 2025 Results 19 March 2026 Conceptual rendering for the Mahatma Gandhi Sabarmati Ashram Memorial project in India, by Museum Studio CONTENTS 1 Strategic review 2 Portfolio review 3 Asset and financial review 4 Conclusion Bespok e offering , Swaine's flagship store at New Bond Street, London, UK 1 Strategic review Michaël Fribourg Chairman & CEO Project of Museum Studio, Milken Center for Advancing the American Dream , USA The sale of Novacel brings renewed strategic and portfolio coherence to Compagnie Chargeurs Invest A strategic coherence A portfolio coherence Value crystallization Cash proceeds from sale of €230m (1) and an estimated capital For the business An opportunity to strengthen Novacel's role as a global consolidator in its markets, supported by KPS Capital Partners, a well-established partner with very strong industrial and financial capabilities For the Group Enhanced clarity, with businesses positioned to benefit from the future of emotional economy For the shareholders Greater visibility on the recurrence and predictability of revenues and profits gain on sale of approx. €50m (2) illustrating the Group's ability to incubate and create value in global leaders A more resilient business profile Evolution toward a less cyclical operating model with lower capital needs (CAPEX et working capital) Enhanced financial flexibility Generation of significant financial resources and increased flexibility to support future development Contribution to future value creation Reinvestment of 25% in the new Novacel to support and benefit from future value creation Active portfolio rotation A disciplined asset arbitrage strategy aimed at optimizing valuation and capital allocation Payment of an exceptional dividend of €1.5 / share (3) 5 Before reinvestment of 25% in the new Novacel Estimated capital gain in the consolidated financial statements, based on assumptions and information currently available, at comparable scope and conditions. This figure is provided for information purposes only and does not constitute a commitment or a guarantee of future performance. Final amount may differ materially once the Novacel sale is effectively completed Subject to the approval of the relevant Group governance bodies A strengthened financial profile following the Novacel sale The sale of Novacel will be completed in H1 2026 NOVACEL Disposal of the controlling stake 2026 financial profile post-Novacel sale (1) benefiting from strong financial flexibility Net debt very significantly reduced to less than €80m Sharp reduction in financial fees Strengthening of available liquidity by around €200m Gearing ratio (net debt/equity) expected below 0,3x Leverage ratio (net debt/EBITDA) expected below 2,0x (1) These data and ratios are prepared based on assumptions and information currently available, at comparable scope and conditions. They are provided for indicative purposes only and do not 6 constitute a commitment or a guarantee of future performance. Final results may differ materially once the Novacel sale is effectively completed. A portfolio rotation that materializes the transformation of Compagnie Chargeurs Invest's growth profile An active portfolio value-enhancement strategy Value creation through the strategic and operational transformation of assets A disciplined long-term portfolio arbitrage , aimed at maximizing and crystallizing value creation A profile of less cyclical leaders Strategically non-replicable assets , positioned at the heart of the emotional economy and emotional intelligence , driven by durable structural trends and offering a predictable revenue and growth profile A significantly strengthened financial capacity for development A significantly strengthened balance sheet following the Novacel sale A strong redeployment capacity Supporting its transformation, Chargeurs has chosen to prioritize its asset value enhancement strategy, unlocking significant financial flexibility for the future Prioritizing the asset value enhancement strategy A strategy aimed at strengthening the balance sheet and enhancing liquidity Tactical management of operational investments to accelerate returns on new businesses following the Novacel disposal Completion of the Novacel disposal and finalization of investments in new businesses, delivering a dual benefit : Stronger balance sheet and increased equity Improved future profitability profile A net asset value confirmed by the Novacel sale proceeds and effectively protected in a volatile macroeconomic environment €585M , €24.2 / share NET ASSET VALUE (1) CULTURE & EDUCATION Serving cultural transmission and innovation FASHION & KNOW-HOW At the heart of creative excellence and exceptional craftsmanship INVESTMENTS & REDEPLOYMENT 25 % ownership stake + Strong redeployment capacity Today, a portfolio of heritage-rich assets and brands , offering high strategic potential and significant barriers to entry A UNIQUE PORTFOLIO OF PRESTIGIOUS ASSETS 1949 1907 Cilander 1677 Swaine Herbert Johnson 1856 1875 1750 1885 Altesse Studio Rayne 1903 1928 Lainière de Picardie Bertero Skira D&P 1955 Beau Cèdre Institute Building on its refocusing, Chargeurs unveils its new strategic signature : « Architect of Rarity » A NEW STRATEGIC SIGNATURE « ARCHITECT OF RARITY » Our vision and ambition in the era of the new AI revolution Our differentiation Concentrating the allocation of our resources on « safe-haven » activities A portfolio of assets built around strong rarity and desirability Activities that are non-substitutable by technology and distinguished by heritage, material, technological, cultural, or emotional rarity Cultural rarity Know-how rarity Creative rarity Technological rarity Our mission Under the signature "Architect of Rarity", Compagnie Chargeurs Invest is a hybrid operator and financial group, dedicated to the maximization of shareholder value through the ownership and operational development of critical, non-substitutable assets - cultural, technological and experiential - positioned in the exclusive market of emotional intelligence and self-reappropriation. Trade-tariff tensions NOVACEL Adaptation through productivity improvements and price increases, supported by strong pricing power CHARGEURS PCC Fashion activities Adaptation to the new tariff geography through a reorganization of global logistics flows, opening up new opportunities in Southeast Asia and Central America MUSEUM STUDIO Museum Studio's activity shielded from volatility thanks to a very strong order backlog PERSONAL GOODS Compelling dynamics across the three Personal Goods brands, underpinned by unique and differentiated positioning Geopolitical risk Currency wars In 2025, Chargeurs positioned itself to benefit from a new economic and geostrategic environment Driven by visibility on the Novacel sale, Chargeurs completed in 2025 its strategic transformation investments cycle FASHION & KNOW-HOW Chargeurs PCC Fashion & Technical Textiles activities Adaptation, transformation et reorganization Completion of the rationalization of the industrial footprint Transformation and reorganization of Senfa Cilander in order to drive growth, with significant investments in the high-potential markets of defense, mobility and outdoor Personal Goods Continued expansion of the three brands Completion of rebuilding the B2C brands Opening of new stores and development of new collections to accelerate growth INNOVATIVE MATERIALS Novacel Acceleration of future growth Substantial investments for the reorganization of U.S. industrial sites Corporate-level costs incurred as part of the disposal of Novacel to a leading industrial and financial partner CULTURE & EDUCATION Museum Studio Continued build-up strategy to accelerate growth Strengthening the portfolio of high-potential cultural assets through the acquisition of Lord Cultural Resources, Institut Beau Cèdre, the launch of Skira Education Systems, and the ongoing acquisition of Chaplin's World approx. €15m of significant operational investments carried out in 2025 The Group chose to expense a significant portion of investments through P&L to reduce future constraints 13 2025 performance preserved despite trade-tariff tensions, accelerated investments, and unfavorable currency movements €713.4m REVENUE EBITDA impacted by : Client caution at Chargeurs PCC for approx. €6m , and, Structuring operational investments for the transformation and reorganization of Technical Textiles , as well as costs related to assets portfolio refocusing , for a total of approx. €5m €52.3m EBITDA Cash flows sustained at a very solid level , thanks to strict working capital management, despite significant operational investments €43.7m OPERATING CASH-FLOW generated by the businesses Revenue stable at constant exchange rates, despite client caution at Chargeurs PCC amid tariff tensions and an unfavorable exchange rates movements Continued strong momentum at Museum Studio, Personal Goods, and Novacel Figures presented before classification of Novacel as a discontinued operation 14 2026 : a pivotal year of monetization and metamorphosis 2015-2025 2026 The sale of Novacel completes the Group's strategic transformation, executed with discipline and agility 10 years of strategic transformation, resulting in a portfolio of non-replicable assets with strong barriers to entry Thanks to visibility on the Novacel sale, investments required to achieve the deployment cycle were completed in 2025, supporting the Group's transformation Value crystallization through the disposal of Novacel at an appealing valuation, combined with a financial reinvestment Proven resilience across economic cycles Compagnie Chargeurs Invest is now positioned to capture the return on investment from its profound metamorphosis A unique portfolio of assets and brands positioned at the heart of emotional intelligence A higher and less cyclical EBITDA growth profile Higher return on equity, driven by completed investments and lower capital-intensive businesses More predictable cash generation Enhanced redeployment capacity , supported by a very significantly reduced level of debt Ambition 2030 : capitalizing on the strategic potential of the portfolio assets and brands, and on strong financial flexibility 2030 Outlook An active portfolio rotation model , enabling Compagnie Chargeurs Invest to balance its hybrid role as investor or co-investor and that of an operator-developer Net asset value > €1bn Clear ambition to significantly reduce the holding discount through an active value-enhancement policy 2 Asset portfolio review Jérôme Angin Group Chief Financial Officer Chaplin' s World Cult ure & Education Museum Studio project , Hong K ong History Museum Culture & Education : 2025 achievements and strategy Strategic and asset management analysis matrix Profitability Capability to Strong acceleration in demand The momentum of physical and experiential cultural assets continues to strengthen worldwide A differentiated global positioning at the heart of the emotional intelligence economy Globality Organic growth generate end-impact Low capex intensitivy Museum Studio captures the most significant projects while consolidating proprietary initiatives to secure recurring revenues and strengthen repeat business The business is fully aligned with the transformation of the experience and emotional intelligence industries Attractiveness for a minority partner Addressable critical size within the industry Employment attractiveness Low volatility (including cash) Low regulation context 2025 Geographical acceleration in 2025 Completion of major projects in the Middle East and structured expansion in Asia, notably in Vietnam and India Strategic expansion into Education Development of Skira Education Systems, a new strategic activity dedicated to education, training, and the valorization of educational, scientific, and cultural content Development of a center of excellence for training dedicated to Museum Studio 2024 cultural management professions, through the acquisition of the Beau Cèdre Institute in Switzerland New international headquarters of Museum Studio in Paris to support its expansion and development Museum Studio moves to 9 rue Kepler in Paris, into a unique location bringing together all of its areas of expertise A strategic hub for international growth : design and management of large-scale museum and cultural projects across Europe, Asia, the Middle East, and the United States The creation of a European creative hub , bringing together French and European teams An integrated ecosystem bringing together all French entities : Museum Studio, Skira France, and GPI A strategic asset at the heart of emotional intelligence strengthening creation, innovation, and commercial development capabilities Pour lire la suite de ce noodl, vous pouvez consulter la version originale ici .

View stock analysis, news, and events for Compagnie Chargeurs Invest