Wendel : 2021 General Meeting Presentation

Annual Shareholders'Meeting

J u n e 2 9 , 2 0 2 1

2021

Agenda

2020 highlights & portfolio performance

by André François-Poncet,Group CEO

2020 consolidated results

by Jérôme Michiels, Executive Vice-President, Chief Financial Officer

2021 and recent events

by David Darmon, Group Deputy CEO

2024 roadmap

by André François-Poncet,Group CEO

ESG performance

by Christine Anglade Pirzadeh, Director of Sustainable Development and Communications, Secretary of the Executive Board

Corporate governance

by Jacqueline Tammenoms Bakker, Chair of the Governance and Sustainability Committee

Statutory auditors reports

Questions from shareholders

Vote on resolutions

2021 AGM | June, 2021		2

2020 highlights & portfolio performance

André François-Poncet, Group CEO

2020 in brief

Demonstrated portfolio resilience during an unprecedented crisis

Preserved potential value creation opportunities

Emphasized Engagement & ESG

Able to capitalize on solid financial structure, €1.8bn liquidity and modest overall leverage at Wendel and portfolio levels

Wendel and its portfolio companies are well positioned to seize opportunities

2021 AGM | June, 2021		4

2020: a tale of two halves

First semester: Covid 19 outbreak /

Global lockdown of major economies

Focused on preserving value against precipitous declines in revenues and profits at many companies

Second semester: Gradual end of lockdowns /

Managed reopenings

Moved towards the rebound phase from Q3

No equity injections in our companies required		Paid a stable dividend and actively seeking
	new assets

166.3	-16.7 %	138.6	+14.8 %	159.1	161.9

Restated from dividend paid

NAV per share	NAV per share	NAV per share	Pro forma
as of	as of	as of	NAV per share
Dec. 31, 2019	June 30, 2020	Dec 31, 2020	as of
2021 AGM | June, 2021			Dec 31, 2020	5