Lagardere (MMB) investor relations material

Opening remarks and agenda

• The meeting was held at Casino de Paris on 5 May 2026, with over 1,700 shareholders present and a quorum of 92.7%.

• The agenda included 11 resolutions covering financial statements, dividend distribution, auditor appointments, remuneration, share buyback, and governance.

• Presentations and updates were scheduled on group performance, strategy, CSR commitments, governance, and auditor reports.

Financial performance review

• 2025 revenues reached EUR 9.4 billion, up 5% reported and 4% like-for-like, with all business segments contributing to growth.

• Operating results (recurring EBIT) were EUR 641 million (+8%), and net consolidated results were EUR 256 million (+27%).

• Net debt improved to EUR 1.6 billion, reduced by EUR 255 million, with a leverage ratio of 1.96x.

• Operating cash flow rose to EUR 573 million, reflecting strong cash generation.

• Q1 2026 revenue exceeded EUR 2 billion, up 3–4%, with robust growth across all segments.

Board and executive committee updates

• The board comprised 11 members (including 2 employee directors), with 55.5% women and 55.5% independence, exceeding legal requirements.

• Two new independent directors, Valérie Hortefeux and Michèle Reiser, were appointed, and six directors had their terms renewed.

• Committees were restructured and maintained high independence and female representation rates, with regular reviews of CSR, audit, and governance.

• The board met six times with a 98.7% attendance rate, addressing financing, auditor selection, and governance evaluations.