Schneider Electric (SU) AGM 2025 summary

Opening remarks and agenda

• The meeting was chaired by the Chairman of the Board, with all legal and procedural requirements fulfilled, and the agenda was displayed to shareholders.

• The agenda included approval of FY2024 financial statements, profit appropriation, dividend setting, compensation policies, director renewals, share buyback authorization, and capital increase delegations.

• Extraordinary items included capital increases, long-term incentive plans, amendments to Articles of Association, and formalities.

• The constitutional bureau and scrutiny duties were assigned, and the presence of board, stakeholder, and advisory committee members was acknowledged.

Financial performance review

• Record annual revenues of €38.2bn in 2024, up 8% organically, with Adjusted EBITDA margin at 18.6% and net income (Group share) at €4.3bn.

• Free cash flow was €4.2bn with 99% conversion, and ROCE improved to 14.8%.

• Energy Management grew 12% organically, while Industrial Automation declined 4% due to market slowdown.

• Digital revenues accounted for 57% of group total, with a target of 60-65% by 2027.

• Guidance for 2025 reaffirmed: organic revenue growth of 7-10% and Adjusted EBITDA growth of 10-15%.

Board and executive committee updates

• New CEO Olivier Blum introduced, succeeding Peter Herweck; board diversity and renewal highlighted, with new and renewed appointments.

• Board composition post-AGM: 46% female, 92% independent, 12 nationalities; key renewals and appointments included Jean-Pascal Tricoire, Anna Ohlsson-Leijon, Clotilde Delbos, and Laura Ding.

• Executive committee now includes 41% women, reflecting a strong commitment to diversity.

• Board committees and their recent changes were outlined, emphasizing expertise in digitalization, finance, and sustainable development.

• Executive committee reflects multi-hub strategy and diversity, with leadership across business lines and geographies.