Lagardere S A : 2026 Annual General meeting presentation slides (260505 ag2026 lagardere sa presentation en)

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ORDINARY GENERAL MEETING Tuesday, 5 May 2026 at 9:30 a.m. AGENDA SUMMARY PRESENTATION Ordinary General Meeting / 5 May 2026 Ordinary General Meeting / 5 May 2026 RESOLUTIONS 1 st to 3 rd resolutions Approval of the Company's financial statements and the consolidated financial statements for the year ended 31 December 2025 Allocation of the Company's profit and dividend payment 4 th resolution Appointment of Grant Thornton as Statutory Auditor for a six-year term 5 th resolution Decision not to reappoint or replace Forvis Mazars as Statutory Auditor responsible for auditing sustainability information 6 th to 9 th resolutions Overall approval of the 2025 remuneration of corporate officers ("overall ex-post vote") Approval of the 2025 remuneration of the Chairman and Chief Executive Officer ("individual ex-post vote") Approval of the 2026 remuneration policies for the members of the Board of Directors and the Chairman and Chief Executive Officer (" ex-ante votes") 10 th resolution Eighteen-month renewal of the share buyback programme 11 th resolution Powers for formalities The full agenda is set out on page 26 of the General Meeting Brochure 3 2026 GENERAL MEETING Arnaud Lagardère Chairman and Chief Executive Officer of Lagardère SA 5 May 2026 Ordinary General Meeting / 5 May 2026 CONTENTS 1 2025 key figures 2 Market position, achievements and strategy Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: MORE THAN 33,000 EMPLOYEES WORLDWIDE (1/2) Lagardère Live 3% 926 employees Lagardère Publishing 21% 7,643 employees Permanent workforce by gender Women Men 62% 38% 20,671 12,436 Group Lagardère Travel Retail 76% 24,543 employees Permanent workforce by business 64% 36% 4,891 2,748 Lagardère Publishing 63% 37% 15,393 9,149 Lagardère Travel Retail 42% 58% 387 539 Lagardère Live Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: MORE THAN 33,000 EMPLOYEES WORLDWIDE (2/2) Permanent workforce by geographic area Americas 35% 11,612 employees Europe (excl. France) 39% 12,977 employees France 17% 5,651 employees Africa 1% 352 employees Asia-Pacific 8% 2,520 employees Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: REVENUE (1/2) €9,353m Revenue €641m Group recurring EBIT €367m CFAIT (1) More than 33,000 employees More than 50 countries of operation 542 consolidated subsidiaries (1) CFAIT: cash flow after interest and income taxes Lagardère Travel Retail 66% Lagardère Live 2% Revenue by business Lagardère Publishing 32% Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: REVENUE (2/2) Breakdown of revenue by geographic area (%) (1) United States and Canada 26% Europe (excl. France) 43% France 21% Asia-Pacific 5% Latin America, Middle East and Africa 5% (1) By destination Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: RECURRING EBIT (1/2) Record performance confirming the relevance of the Group's long-term strategy (€m) 10 000 9 000 8 000 7 000 6 000 5 000 4 000 593 641 462 402 5.8% 5.2% 339 4.6% 395 5.3% 399 5.6% 417 378 5.7% 5.2% 438 6.3% 520 6.4% 6.6% -155 -3.5% 249 4.8% 327 342 378 4.5% 4.8% 5.2% 6.9% 3 000 2 000 1 000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue Recurring EBIT XX% Operating margin Group recurring EBIT (€641m, up 8% vs 2024) and operating margin (6.9%) at record levels not seen for more than 15 years Ordinary General Meeting / 5 May 2026 2019-2025 KEY FIGURES: LAGARDÈRE PUBLISHING Change in revenue (€m) Change in recurring EBIT (€m) 32% +2.7% (1) 2025 2,748 2,809 2,873 3,001 2,384 2,375 2,598 351 302 301 310 312 220 246 revenue 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 ▪ ▪ Lagardère Publishing delivered robust growth in 2025, with revenue up 2.7% vs 2024, driven by a large number of publishing successes and by the momentum of the Partworks and Board Games businesses Recurring EBIT climbed to €312m and operating margin came out well above pre-Covid levels (10.4% in 2025 vs 9.2% in 2019) (1) Like for like Ordinary General Meeting / 5 May 2026 2019-2025 KEY FIGURES: LAGARDÈRE TRAVEL RETAIL Change in revenue (€m) Change in recurring EBIT (€m) 66% +4.4% (1) 2025 revenue 5,018 4,264 3,927 1,720 2,290 5,812 6,133 245 152 136 (353) (81) 2019 2022 2023 2024 2025 2021 305 334 2019 2020 2021 2022 2023 2024 2025 2020 ▪ ▪ Lagardère Travel Retail maintained its growth momentum and posted record revenue, up 4.4% vs 2024, driven by the openings of numerous points of sale worldwide Recurring EBIT came to a record €334 million (up 9.5% vs 2024) with a further year-on-year increase in operating margin (1) Like for like Ordinary General Meeting / 5 May 2026 2025 KEY FIGURES: RECURRING EBIT (2/2) Change in recurring EBIT of Lagardère Publishing and Lagardère Travel Retail 152 2022 136 2019 351 (353) Lagardère Travel Retail recurring EBIT Lagardère Publishing recurring EBIT 2025 2024 2023 302 2021 (81) 2020 245 312 305 246 220 334 310 301 Ordinary General Meeting / 5 May 2026 2019-2025 KEY FIGURES: LAGARDÈRE LIVE Change in revenue (€m) Change in recurring EBIT (€m) 2% 2025 revenue 288 +1.4% (1) 2019 2021 2022 2023 2024 2025 (11) (47) (21) 0 (26) (22) (5) 229 242 254 254 257 219 2019 2020 2021 2022 2023 2024 2025 2020 ▪ ▪ Lagardère Live posted revenue up by 1.4% like for like (excluding the sale of Paris Match ), amid contrasting business trends: growth at Lagardère Live Entertainment, ELLE International, Europe 1 and the Press segment was offset by a lacklustre advertising market and music radio stations Rigorous cost discipline drove a sharp €17m improvement in recurring EBIT vs 2024, to near breakeven at €(5)m (1) Like for like Ordinary General Meeting / 5 May 2026 CONTENTS 1 2025 key figures 2 Market position, achievements and strategy LAGARDÈRE PUBLISHING Market position, achievements and strategy Ordinary General Meeting / 5 May 2026 LAGARDÈRE PUBLISHING IN BRIEF €3,001m Revenue €312m Recurring EBIT 7,643 employees Over 200 publishing imprints 154,000 titles in digital format Over 15,000 new releases No. 3 consumer publishing group worldwide No.1 publishing group in France, Education 10% Other (1) 19% Partworks 10% No. 2 in the United Kingdom, No. 3 in the United States and Spain Joint No. 1 publisher of partworks worldwide No. 2 in premium stationery worldwide and in board games in France Illustrated Books 19% Revenue by business General Literature 42% Spain and Latin America 7% United Kingdom (3) 26% Other 7% Revenue by geographic area (2) France 32% Including Board Games By destination Including Ireland, India, Australia and New Zealand United States and Canada 28% Ordinary General Meeting / 5 May 2026 LAGARDÈRE PUBLISHING: 2025 ACHIEVEMENTS Major publishing successes in France ( Asterix in Lusitania , The Secret of Secrets by Dan Brown, Un avenir radieux by Pierre Lemaitre, Nicolas Sarkozy's Le journal d'un prisonnier , Adélaïde de Clermont-Tonnerre's Je voulais vivre , etc.) and internationally ( Onyx Storm by Rebecca Yarros, Quicksilver and Brimstone by Callie Hart, The Hallmarked Man by Robert Galbraith, Gone Before Goodbye by Reese Witherspoon and Harlan Coben, The Housemaid series by Freida McFadden, etc.) More than 180 literary prizes for Lagardère Publishing worldwide , including some 80 in France Momentum in the Partworks and Board Games segments (including Flip 7 published by Catch Up Games) Targeted acquisitions: Le Routard brand , Ducasse Édition , 999 Games Ordinary General Meeting / 5 May 2026 LAGARDÈRE PUBLISHING: STRATEGY Strengthening our leadership position in creativity and innovation to build the publishing group of tomorrow for our readers, our authors and our broader stakeholders Proactively addressing the challenges and opportunities associated with artificial intelligence Defining a strategy for literary adaptations in the film and audiovisual industries Ordinary General Meeting / 5 May 2026 THE AUDIOVISUAL MARKET EXCEEDS €450Bn AND IS GROWING RAPIDLY Global trade publishing and audiovisual markets, €Bn Investments in content in 2025 120 2021 2026e Audiovisual +15% 400 140 460 Trade publishing €20Bn €15Bn €12Bn €4Bn €4Bn Ordinary General Meeting / 5 May 2026 BOOK ADAPTATIONS OUTPERFORM AT THE BOX-OFFICE FILMS from books represent… <10% of the movies produced <10% Share of book adaptations of movies produced, % Ordinary General Meeting / 5 May 2026 BOOK ADAPTATIONS OUTPERFORM AT THE BOX-OFFICE FILMS from books represent… <10% of the movies produced ~30-40% of the global box-office top 100 movies <10% 30-40% Share of book adaptations of movies produced, % Share of book adaptations of the global box-office top 100, % Ordinary General Meeting / 5 May 2026 BOOK ADAPTATIONS TURN INTO PRESTIGE FILM-MAKING ~5 of the 10 Best Picture Nominees at the 2026 Oscars are inspired by books ~40% of the 2026 César Nominations & Awards are based on books Ordinary General Meeting / 5 May 2026 SERIES ADAPTED FROM BOOKS CONSISTENTLY TOP THE CHARTS ~6 out of the 10 ALL TIME MOST-WATCHED SEASONS of English shows on Netflix Ordinary General Meeting / 5 May 2026 REVENUES FROM THE SALE OF AUDIOVISUAL RIGHTS REMAIN VERY LIMITED - EXAMPLE OF FRANCE Size of the French book publishing market € 3 Bn Ordinary General Meeting / 5 May 2026 REVENUES FROM THE SALE OF AUDIOVISUAL RIGHTS REMAIN VERY LIMITED - EXAMPLE OF FRANCE Size of the French book publishing market Revenues from the sale of audiovisual rights € 3 Bn ~ € 10 M Ordinary General Meeting / 5 May 2026 AND HACHETTE IS NO EXCEPTION Share of Hachette's global net revenues from audiovisual rights sales, % <1% 2019 2020 2021 2022 2023 2024 Ordinary General Meeting / 5 May 2026 BOOK PUBLISHERS CAPTURE VERY LITTLE OF THE VALUE CREATED ON SCREEN BOOK PUBLISHING NEGOTIATION OF AUDIOVISUAL ADAPTATION RIGHTS DEVELOPMENT (SCRIPT, CASTING, ETC.) PRODUCTION DISTRIBUTION Low value of rights sales Rights tied up for 18 to 36 months Low conversion rate into films and/or series Low share of generated revenues flowing back to Hachette Ordinary General Meeting / 5 May 2026 SUCCESSFUL BOOK ADAPTATIONS DRIVE SIGNIFICANT SPIKES IN BOOK SALES Increase in book sales During the 3 months following the release of audiovisual adaptations, compared to the 3 months before release, in units sold + 50 % x 85 x 530 Ordinary General Meeting / 5 May 2026 UNITING TWO WORLD LEADERS IN PUBLISHING AND AUDIOVISUAL PRODUCTION

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