Rexel (RXL) investor relations material

Opening remarks and agenda

• The session opened with the appointment of the bureau, scrutateurs, and secretary, with auditors KPMG and PwC present.

• Quorum was established at 84.48% of voting rights, and all required documents were made available to shareholders.

• Covered recent developments, financial results, governance, executive compensation, strategy, auditor reports, Q&A, and voting on resolutions.

• The agenda included management and financial reports, corporate governance, sustainability, and resolutions, with no additional shareholder proposals received.

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/EBITA margin was 6.0%, up from 5.9% in 2024, with North America as the main growth engine (+7% at constant days).

• Free cash flow conversion was 76%, exceeding the 65% target.

• Net recurring income/revenue rose to EUR 689 million, up from EUR 662 million in 2024.

• Dividend of EUR 1.20 per share proposed, maintaining the payout for the fourth consecutive year.

Board and executive committee updates

• Executive committee expanded and renewed, with new appointments in strategy, procurement, digital, finance, and regional clusters.

• Board comprised 11 members, 44% women, four nationalities, two employee representatives, and 78% independence, with a 96% attendance rate.

• Board and committees met 11 times in 2025, covering strategy, M&A, risk, AI, digital, cybersecurity, and sustainability.

• Succession plans for key executives and directors were reviewed, and mandates for several directors were renewed.