Accor (AC) investor relations material

Opening remarks and agenda

• AGM opened with a review of the past 12 months, a video on global expansion, and presentations from key executives including the Chairman & CEO, CFO, and General Counsel.

• Legal formalities included confirmation of quorum, introduction of the bureau, and announcement of webcast and replay availability.

• Notice of meeting and agenda were distributed in advance; no shareholder-proposed resolutions were received.

• Transition to electronic convocation for future AGMs announced, aiming for efficiency and sustainability.

Financial performance review

• FY 2025 revenue reached €5,639m, up 4.5% year-on-year at constant currency; recurring EBITDA rose 13% to €1,201m, exceeding guidance.

• Adjusted EPS increased 16% to €1.84; recurring free cash flow was €632m; net unit growth at 3.7%.

• Record 24,000 room openings in Q4; pipeline up over 10% with 28% more signatures.

• Shareholder return in 2025 totaled €743m, or 6.5% of market capitalization.

• Q1 2026 saw continued strong RevPAR growth (5.1%) despite Middle East conflict; Americas and Luxury & Lifestyle segments performed strongly.

Board and executive committee updates

• Board comprised 13 directors in 2025 (64% women, 55% independent); post-AGM, 12 directors with 60% independence.

• Board met eight times with 85% participation, focusing on share buyback and Essendi sale.

• Five specialized committees reviewed audit, compliance, strategy, ESG, and commitments, operating with high attendance and independence.

• Nominations and Compensation Committee focused on governance, director independence, succession planning, and CEO compensation.

• CEO Sébastien Bazin confirmed this is his last term; succession planning underway with Board oversight.