Pluxee (PLX) AGM 2024 summary

Opening remarks and agenda

• The AGM was the first since the company's spin-off and listing, with Executive Chair Didier Michaud-Daniel opening and Chief Legal Officer Béatrice Bihr presenting the agenda.

• The agenda covered financial performance, board updates, audit report, remuneration, dividend policy, share repurchase authorization, auditor reappointment, Q&A, and voting.

Financial performance review

• Fiscal 2024 revenue reached €1.210 billion (+18.6% organic growth), recurring EBITDA €430 million (+24.8%), and net profit €133 million (+64%).

• Adjusted net profit was €203 million (+64.2% vs. 2023), and recurring free cash flow was €379 million (88% cash conversion).

• Business volume issued grew to €24 billion, driven by strong employee benefits demand.

• Float revenue grew 69% organically, supported by higher investment yields and efficient cash management.

• Net financial cash position was €1.054 million, total liquidity €3.208 billion, and BBB+ rating maintained.

Board and executive committee updates

• The board comprises four Bellon family members and five independent directors (50% independence, 40% women), chaired by Didier Michaud-Daniel.

• Board committees had nearly 100% attendance, and members bring expertise in management, sustainability, finance, technology, and HR.

• Executive Committee was strengthened and geographic governance enhanced.