Syensqo (SYENS) AGM 2025 summary

Opening remarks and agenda

• Welcomed shareholders and celebrated the first 500 days since the company's formation, emphasizing the mission to lead, inspire, and thrive amid global uncertainty.

• CEO Dr. Ilham Kadri opened the meeting, highlighting the company's mission to advance humanity and thrive in a volatile world.

Financial performance review

• 2024 net sales reached €6.6bn, with underlying EBITDA at €1.42bn and a 21.5% EBITDA margin, delivering on prior commitments.

• Free cash flow totaled €390mn, and leverage stood at 1.3x net debt/EBITDA.

• Achieved double-digit growth in composite materials despite challenging demand.

• Completed a $1.2 billion bond offering.

Dividend announcements

• Proposed a gross dividend of €1.62 per share for 2024, stable year-on-year, with a payout ratio increase to 31% from 23%.

• Total shareholder rewards increased by 38% over the previous year, with €170mn in dividends and €75mn in share buybacks announced.