Rexel (RXL) investor relations material

Opening remarks and agenda

• The meeting was opened by the chair, with the bureau established, auditors present, and quorum confirmed at 84.48% of voting rights.

• The agenda covered management and financial reports, governance, sustainability, executive compensation, strategy, auditor reports, Q&A, and voting on resolutions.

• No written questions or draft resolutions were submitted by shareholders prior to the meeting.

Financial performance review

• 2025 revenue reached EUR 19.4 billion, with 0.7% published growth and 2.5% organic growth at constant rates, driven by acquisitions and organic growth.

• Adjusted EBITDA margin was 6.0%, in line with objectives, and free cash flow conversion was 76%, exceeding the 65% target.

• Net recurring income rose 2.4% to EUR 679 million; productivity gains offset inflation impacts, with restructuring costs mainly in Europe and financial expenses at EUR 214 million.

• Dividend of EUR 1.20 per share proposed, to be paid on May 13, 2026, with payout ratio reported as 32% and 52%.

• Q1 2026 sales grew 3.4% at constant days, with strong performance in North America and Asia-Pacific.

Board and executive committee updates

• Executive committee renewed, now with nine members, including new heads of strategy and procurement, and key roles in digital, finance, and regional clusters.

• Board consists of 11 members, 44% women, four nationalities, two employee representatives, and 78% independence; 96% attendance rate in 2025.

• Board and committees focused on succession planning, CSR, remuneration, audit, risk, and cybersecurity.

• Mandates of directors Robert Schuchna, Barbara Dalibard, and François Auque renewed for four years.