Edenred (EDEN) AGM 2025 summary

Opening remarks and agenda

• AGM held on May 7, 2025, in Paris, chaired by Bertrand Dumazy, with introductions of key executives, board members, and statutory auditors, confirming quorum and legal compliance.

• Meeting broadcast live in French and English, with all documents available online.

• Voting tablets distributed for electronic voting; agenda included strategy, financials, governance, Beyond 22-25 plan review, ESG policy, Q&A, and voting.

Financial performance review

• 2024 revenue reached EUR 2.9 billion, with organic growth of 12% and EBITDA at EUR 1.265 billion, up 19%.

• Free cash flow conversion rate was 70%; net debt at year-end was EUR 1.806 billion, with leverage ratio of 1.4x, due to acquisitions and shareholder returns.

• Double-digit organic growth in Benefits & Engagement (+13.1%) and Mobility (+11.3%), with all geographies contributing.

• Earnings per share increased 21% to EUR 2.07.

• Dividend of EUR 1.21 per share proposed, a 10% increase, with continued share buyback program.

Board and executive committee updates

• Board consists of 12 members, 90% independent, 50% women, with three specialized committees overseeing audit, compensation, and commitments.

• Four directors were up for renewal, and two new directors, Thierry Delaporte and Kristell Rivaille, were appointed.

• Succession planning and board effectiveness are regularly reviewed, with focus on internationalization and post-acquisition feedback.