2021 Shareholders’ Meeting APRIL 28, 2021 3
OPENING OF THE SHAREHOLDERS’ MEETING
Michel David-Weill Chairman of the Supervisory Board
2021 SHAREHOLDERS’ MEETING 4
LEGAL FORMALITIES
Nicolas Huet General Counsel
2021 SHAREHOLDERS’ MEETING PRESENTATION BY THE 1 CHAIRMAN OF THE 2 A NEW IDENTITY SUPERVISORY BOARD FOR A NEW AMBITION Michel David-Weill Virginie Morgon, Chief Executive Officer
3 SOLID PERFORMANCE 4 AN AMBITIOUS STRATEGY: IN 2020 POWER BETTER GROWTH Philippe Audoin, Virginie Morgon, Chief Financial Officer Chief Executive Officer
Agenda PRESENTATION OF THE PRESENTATION 6 WORK OF THE CAG FOR THE 5 OF THE SUPERVISORY COMMITTEE BOARD’S WORK Georges Pauget, Chairman of the SHAREHOLDERS’ Nicolas Huet, Compensation, Appointment MEETING General Secretary and Governance Committee PRESENTATION 8 SHAREHOLDERS’ 7 OF THE STATUTORY QUESTIONS AUDITORS’ REPORTS Isabelle Massa Mazars, for the joint auditors
PRESENTATION 9 OF THE RESOLUTIONS Nicolas Huet, General Secretary 2021 SHAREHOLDERS’ MEETING 2021 Shareholders’ Meeting APRIL 28, 2021 PRESENTATION BY THE 1 CHAIRMAN OF THE SUPERVISORY BOARD
Michel David-Weill
2021 SHAREHOLDERS’ MEETING 9
2 A NEW IDENTITY FOR A NEW AMBITION
Virginie Morgon Chief Executive Officer
2021 SHAREHOLDERS’ MEETING A NEW BRAND IDENTITY 10 TO BUILD EURAZEO’S POSITIONING FOR 2030 ?
2001PASSIVE HOLDING 2011FRENCH INVESTMENT 2021EUROPEAN ASSET COMPANY FIRM MANAGER with a minority exposure focused on listed with a diversified mix to listed and unlisted French and unlisted large-cap of investments, backed assets companies by a worldwide network, and an ESG leader
2021 SHAREHOLDERS’ MEETING DIVERSIFICATION IS THE KEY TO OUR TRANSFORMATION11 2011
Assets under BUYOUTS management 100% OF ASSETS International in Private Equity groups €4 Lower mid-cap billion companies
2021 SHAREHOLDERS’ MEETING DIVERSIFICATION IS THE KEY TO OUR TRANSFORMATION12
OF ASSETS UNDER MANAGEMENT 20211235791 73% in Private Equity
VENTURE CAPITAL GROWTH CAPITAL BUYOUTS PRIVATE FUNDS GROUP
Digital Growth Mid-large Primaries Assets under Smart cities Brands Small-mid Secondaries management Biotech Health care Co-investments
€21.8 21% PRIVATE DEBT 6% REAL ASSETS billion Direct Lending Real Estate Asset Finance Infrastructure
2021 SHAREHOLDERS’ MEETING MUCH LARGER EXPOSURE TO THE REAL ECONOMY 13 WITH A FOCUS ON PROMISING SECTORS 2011
A portfolio of 22COMPANIES 100% large caps
2021 SHAREHOLDERS’ MEETING MUCH LARGER EXPOSURE TO THE REAL ECONOMY 14 WITH A FOCUS ON PROMISING SECTORS 2021 FINANCIAL SERVICES CONSUMER GOODS HEALTH CARE DIGITAL
A portfolio of 450COMPANIES of all sizes and in all promising sectors SMART CITIES REAL ESTATE BUSINESS SERVICES MANUFACTURING/ INFRASTRUCTURE
2021 SHAREHOLDERS’ MEETING A EUROPEAN LEADER BACKED BY A WORLDWIDE NETWORK15
2011
Paris
OFFICES IN PARIS 2 AND LUXEMBOURG
% 82OF PORTFOLIO COMPANIES based in France
EMPLOYEES 32 All French nationals
2021 SHAREHOLDERS’ MEETING A EUROPEAN LEADER BACKED BY A WORLDWIDE 16 NETWORK Luxembourg
Berlin 2021 Frankfurt London
OFFICES Paris 11 around the world New York Madrid Seoul Shanghai
300EMPLOYEES Singapore
NATIONALITIES 25 in the Group São Paulo
OF ECONOMIC REVENUE 53%FOR PORTFOLIO COMPANIES Business development EU Asia generated outside France offices 71% of revenue 6% of revenue Investment offices North and South America Europe outside the EU * Consolidated entities 18% of revenue 4% of revenue 2021 SHAREHOLDERS’ MEETING AN IDENTITY IN STEP WITH A WORLD OF OPPORTUNITIES17
Paving the way Taking part in finding solutions Anticipating areas in a fast-growing industry for today’s major challenges of future value creation
Private equity fundraising worldwide (€ billions) Tech champions in Europe Energy transition 4,400 Agro/Agri 3.5x Sustainable infrastructure Smart cities Premium consumer goods 1,700 Digitization and onshoring of health care R&D and supply chains Software Financial services 2011 2020
2021 SHAREHOLDERS’ MEETING BUILDING ON OUR STRENGTHS 18 TO RAMP UP OUR GROWTH
DOUBLING A NAME A history going back more than 130 years OF ASSETS UNDER with a proven track A solid and stable family shareholder base MANAGEMENT record A French and international business network in 5-7 years
A worldwide ambition A PASSION Close ties with entrepreneurs for entrepreneurship Ability to anticipate sectors with strong potential Diversified, engaged and loyal teams
Transparency 2021 A COMMITMENT 2020 to the highest ethical Responsibility standards Exemplary governance 2011
2021 SHAREHOLDERS’ MEETING 2021
Shareholders’ Meeting APRI L 2021 APRIL 28, 2021 Power Better Growth
2021 SHAREHOLDERS’ MEETING 23
3 SOLID PERFORMANCE IN 2020
Philippe AUDOUIN Chief Financial Officer
2021 SHAREHOLDERS’ MEETING Growth OF ASSET MANAGEMENT
2020 Good momentum ON INVESTMENTS
Resilience OF THE PORTFOLIO
Continued strength OF OUR FINANCIAL STRUCTURE
2021 SHAREHOLDERS’ MEETING STRONG GROWTH IN ASSETS UNDER MANAGEMENT 25
(€ billions) 21.8 +16%
18.8 +16% 16.3 ON TRACK TO DOUBLE IN 5-7 YEARS
2018 2019 2020
2021 SHAREHOLDERS’ MEETING ANOTHER RECORD YEAR FOR FUNDRAISING IN 2020 26
AMOUNTS RAISED FROM INVESTMENT PARTNERS (€ billions)
2.9 2.4 +19% _ IDINVEST PRIVATE DEBT V
_ IPD V 1.6 _ EURAZEO GROWTH FUND III _ ISIA _ EURAZEO CHINA ACCELERATION FUND _ NOV SANTÉ _ SMART CITY II _ EURAZEO CAPITAL IV _ PRIVATE FUNDS _ RHÔNE _ MCH V
2018 2019 2020
Private Equity Private Debt
2021 SHAREHOLDERS’ MEETING CONTINUING RAPID GROWTH 27 IN ASSET MANAGEMENT INCOME
STRONG GROWTH IMPROVED FRE MARGIN IN MANAGEMENT FEES1 THANKS TO OPERATING LEVERAGE (€ millions) (€ millions)
+13% +18% 80 70 34,0% 243 70 216 60 59 186 32,0% 50 47 144 30,0% 40 36 29% 30 28% 28,0%
20 26% 25% 26,0% 10
0 24,0% FY 2017 PF FY 2018 PF FY 2019 PF FY 2020 2017 PF 2018 PF 2019 PF 2020 FRE (€ millions) FRE margin
1. Management fees paid by third parties and calculated as a percentage of total assets on the balance sheet. 2021 SHAREHOLDERS’ MEETING STRONG VALUE CREATION DUE TO PORTFOLIO EXITS 28
PRIVATE EQUITY REAL ASSETS
4.1x
3.2x
Gross 2.1x Gross CoC CoC 2.2x
Gross Gross IRR 25% 38% IRR 18% 48%
(to be completed in H1 2021) BUYOUT ACCELERATION
2021 SHAREHOLDERS’ MEETING PLANNED ACCELERATION OF THE ASSET DIVESTMENT 29 PROGRAM SET TO POSITIVELY IMPACT VALUE CREATION
VALUE GENERATED BY DIVESTMENTS
PACE OF +31% DIVESTMENTS +25% EXPECTED TO €2.5 per share +33% >+60% SPEED UP IN 2021- +22% €3.4 per share €2.8 per share €4.6 per share 2022 … €2.7 per share … DRIVING NAV GROWTH: Prudent valuation methodology Strategic premium on average multiples at exit Timing of divestments
2016 2017 2018 2019 2020
Last valuation before divestment1 Added value generated by divestment
1. Sales of private and listed assets, excluding syndication. 2021 SHAREHOLDERS’ MEETING SUBSTANTIAL VALUE CREATION 30 FOR NEARLY 90% OF NAV
VALUE CREATION IN 2020 (%) ~90% OF NAV1 Category 1 Category 4 Resilient activities due –53% Travel and leisure to a high level of sector recurring income Category 2 NAV Companies indirectly +30% affected by the lockdowns €6.7 billion Category 3 Companies directly affected by the lockdowns, but expected to recover quickly
1. Percentage calculated on the basis of Group NAV at end-2020, excluding net cash and other items. 2021 SHAREHOLDERS’ MEETING A RESILIENT PORTFOLIO: 31 GOOD PERFORMANCE APART FROM THE TRAVEL AND LEISURE SECTOR
ECONOMIC EBITDA
CATEGORIES 1-31 CATEGORY 4 (Travel and leisure) GROWTH (NON- CONSOLIDATED CONSOLIDATED ENTITIES) ENTITIES 342 +5% AVERAGE REVENUE 575 605 GROWTH
~45% –20 IN 2020
2019 PF 2020 2019 PF 2020
H1 economic EBITDA (€ millions) H2 economic EBITDA (€ millions)
1. Categories defined in relation to the Covid-19 impact (see definitions on previous slide). 2021 SHAREHOLDERS’ MEETING GROWTH IN NET ASSET VALUE 32 COMBINED WITH A REDUCTION IN THE DISCOUNT
CAGR +12% dividends incl. +6.3% of which +21% in H2
80.3 85.4 70.9 73.8 59.5 62.5 52.7 54.3 40.4 34.7
Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2018 Dec. 31, 2019 Dec. 31, 2020
–31% –15% –12% c.-20%1 Three-year average discount Spot discount
1. Spot discount based on share prices as of April 23, 2021. 2021 SHAREHOLDERS’ MEETING STRONG VALUE CREATION BY GROUP ACTIVITIES 33 IN 2020
EURAZEO GROSS VALUE CREATION IN 2020 GROUP (%)
+12% +37%
+26% at constant +23% excl. exchange +19% rates +18% WorldStrides +17%
+8% +5%
Total value creation MidCapital-large IIIBuyouts & IV Small-midPMEBuyouts GrowthGrowth BrandsBrands PatrimoineReal Assets AssetAsset Managementmanagement from Group's activities (Eurazeo Capital III & IV) (Eurazeo PME II & III) (Eurazeo Growth) (Eurazeo Brands) (Eurazeo Patrimoine) activity
2021 SHAREHOLDERS’ MEETING INCOME STATEMENT UNDER IFRS 34
€ millions 2019 PF 2020
Fee-related earnings (FRE) 59 70
Performance-related earnings (PRE) 65 50
A. Contribution of the asset management activity 125 120
B. Contribution of the investment activity 100 191
C. Contribution of companies, net of finance costs 229 (139)
Amortization of assets relating to goodwill allocation (207) (204)
Income tax expense (8) (21)
Non-recurring items (135) (236)
Consolidated net income (loss) 103 (289) Consolidated net income (loss) of which Europcar1: (€237M) 99 (160) of which WorldStrides1 : (€140M) attributable to owners of the Company
Non-controlling interests 4 (129)
1. Total impact attributable to owners of the Company, including impairment, share of income (loss) and other items. 2021 SHAREHOLDERS’ MEETING A SOLID FINANCIAL POSITION 35
Net CASH1 €307 million
REVOLVING credit facility2 €1.5 billionUNDRAWN
DRY powder3 €3.9 billion
1. Pro forma net cash as of March 31, 2021. 2. Syndicated credit facility renewed. 3. Capital subscribed by investment partners but not yet invested. 2021 SHAREHOLDERS’ MEETING EURAZEO
ITS SHAREHOLDERS
A close and long- standing relationship
2021 SHAREHOLDERS’ MEETING LONG-TERM OUTPERFORMANCE 37 BY THE EURAZEO SHARE
EURAZEO SHARE PRICE1 TOTAL SHAREHOLDER (4/23/2011 – 4/23/2021) RETURN €68.9 (4/23/2011 – 4/23/2021) (4/23/2021)
+139%
+118%
€35.8 Since 2020 Shareholders’ Meeting +58% +40%
Eurazeo CAC 40 23/04/2011 23/04/2012 23/04/2013 23/04/2014 23/04/2015 23/04/2016 23/04/2017 23/04/2018 23/04/2019 23/04/2020 23/04/2021 Eurazeo CAC 40
1. Share price adjusted to reflect free shares. Source: Bloomberg 2021 SHAREHOLDERS’ MEETING DIVIDEND OF €1.50 PER SHARE PROPOSED 38 IN VIEW OF RECURRING INCOME GROWTH FOR ASSET MANAGEMENT
(€) +6.7% CAGR +20%
1.50 1.25
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Proposed
INTRODUCTION OF A 10% LOYALTY DIVIDEND IN 2020, TO TAKE EFFECT IN 2023, REWARDING SHAREHOLDERS WHO HAVE HELD THEIR SHARES IN REGISTERED FORM CONTINUOUSLY FOR AT LEAST TWO YEARS, UP TO THE LEGAL LIMIT
1. Spot discount based on share prices as of April 23, 2021. 2021 SHAREHOLDERS’ MEETING FASTER, BETTER CONNECTED AND MORE TRANSPARENT 39 FINANCIAL COMMUNICATION
BRONZE PRIZE for digital communication NEW DIGITAL WAYS FULL PROGRAM among SBF 120 companies to connect in 2020 of events in 2021
VIDEOCONFERENCES INDIVIDUAL INVESTORS: to present EURAZEO’S results _ April 28: Virtual Shareholders’ Meeting _ April 30: e-meeting with shareholders _ H1/H2: regional meetings
INSTITUTIONAL INVESTORS: _ Numerous roadshows and conferences in cities near where most of our shareholders are located _ Series of “virtual roadshows” EURAZEO to adapt to travel restrictions for Shareholders since March 2020 APP
2021 SHAREHOLDERS’ MEETING 41
4 AN AMBITIOUS STRATEGY: POWER BETTER GROWTH
Virginie Morgon Chief Executive Officer
2021 SHAREHOLDERS’ MEETING Power
More resources in service of the real economy Higher returns for our shareholders and our stakeholders
2021 SHAREHOLDERS’ MEETING GROWTH DRIVEN BY PERFORMANCE: 43 THREE NEW RECORDS SET IN 2020
ANOTHER RISE IN NET ASSET VALUE NEW HIGH FOR FUNDRAISING RECORD-BREAKING ASSETS (€ per share) (€ billions) UNDER MANAGEMENT (€ billions) 85.4 80.3 21.8
18.8 2.9
+6.3% 2.4 +16%
+19%
Dec. 2019 Dec. 2020 2019 2020 2019 2020
2021 SHAREHOLDERS’ MEETING VALUE CREATION ACROSS THE GROUP 44 IN ALL INVESTMENT DIVISIONS
VALUE CREATION IN 2020 (%)
+37%
at constant exchange rates excl. +26% WorldStrides +19% +18% +17%
+8% +5%
MidCapital-large III Buyout & IV Small-midPME Buyout Growth Brands RealPatrimoine Assets (Eurazeo Capital III & IV) (Eurazeo PME II & III) (Eurazeo Growth) (Eurazeo Brands) (Eurazeo Patrimoine)
2021 SHAREHOLDERS’ MEETING MOVING FORWARD WITH A HIGH VOLUME OF EXITS 45 IN 2021 Unlocking the hidden value of our investments Exit valuation compared with the most A seller’s market A mature portfolio recent published NAV (€ millions)
Rebound in PE transactions Eurazeo Capital IV (2019) expected in 2021 Exit date: Exit date: H2 2020 H1 2021 following a global decline invested of 24% in 2020 74% +35% >70% High asset valuations Eurazeo PME III (2017) 384 A sale premium for high-quality 282 assets that have emerged stronger invested from the coronavirus crisis 91%
2021 SHAREHOLDERS’ MEETING MAKING EACH DIVISION A LEADER IN ITS MARKET 46
STRENGTHS DEVELOPED EVEN FURTHER IN 2020 ASSETS UNDER MANAGEMENT
_ Investment in €3.5 billion Mid-large Buyout _ Sale of on excellent financial terms (Eurazeo Capital) and ambitious asset divestment program for 2021 _ Expansion of team at London office in 2021 Vintage 2019 2021-22e
€1 billion Small-mid _ Robust investment activity in promising sectors Buyout (Eurazeo PME)
Vintage 2017 2021e
_ No. 1 provider of funding for France’s tech industry, with support c. €1 billion extended to 24 Next40 companies Growth … Vintage 2013 2020-21e
Investor partners Balance sheet
Gross IRR for most recent relevant vintage as of June 2020 Gross IRR on realized assets, no exits in EC IV 2021 SHAREHOLDERS’ MEETING MAKING EACH DIVISION A LEADER IN ITS MARKET 47
STRENGTHS DEVELOPED EVEN FURTHER IN 2020 ASSETS UNDER MANAGEMENT
c. €0.8 billion _ 25 new investments and 73 reinvestments Venture _ Several exits with very high ROI (Phavaris, Peakon, etc.) _ Initial closing of Smart City II fund at €80 million Vintage 2016-18 2021-23e
€600 million1 Private Funds _ 18% increase in assets managed Group _ €680 million raised from third-party investors
Vintage 2016 2020-21e
_ 11% increase in assets managed €1 billion1 Private _ Launch of the Eurazeo Sustainable Maritime Infrastructure Debt (ESMI) fund, the first European fund to meet the criteria for sustainable investment laid down in Article 9 of the EU’s Sustainable Finance Disclosure Regulation (SFDR) from its inception Vintage 2016 2020-21e
Investor partners Balance sheet
1 Fonds ISD IV et fonds IPDV 2021 SHAREHOLDERS’ MEETING MAKING EACH DIVISION A LEADER IN ITS MARKET 48
ATOUTS CONFIRMÉS EN 2020 PERSPECTIVES DE CROISSANCE
c. €1 billion
_ Sale of Real Estate & Infrastructure _ Creation of a dedicated team for sustainable infrastructure investment
Vintage 2015-18 2021-22e
c. $1 billion
_ New team based in Paris and first two investments in Europe Brands
Vintage 2018 2021-22e
Investor partners Balance sheet
2021 SHAREHOLDERS’ MEETING ATTRACTIVE PRODUCTS 49 FOR THIRD-PARTY INVESTORS
IMPACT AND EMBLEMATIC CUSTOMIZED CIRCULAR FUNDS FUNDS ECONOMY FUNDS
_ Minimum target size _ Funds from €50 million of €1 billion to €1 billion _ Scalable products _ Leading products in specialized markets _ Numerous international _ Can be designed to meet investors, with the the specific needs opportunity for a higher of third-party investors ticket size per investment
2021 SHAREHOLDERS’ MEETING RAMPING UP GROWTH IN ASSETS UNDER MANAGEMENT 50
TOTAL GROUP FUNDRAISING1
INCREASE PURSUE THE TARGET SIZES FURTHER DIVERSIFICATION 2.9 OF OUR FUNDS in our investor base to attract major investors (sovereign wealth funds, pension 2.4 funds, endowment funds, insurers, family offices) 1.6
INTERNATIONALIZE STEP UP OUR PARTNERSHIPS GROWTH AND Europe, United States, Asia INTERNATIONALIZATION for our fundraising team 2018 2019 2020 2021
1. Including the Group’s share of Rhône and MCH. 2021 SHAREHOLDERS’ MEETING INVESTING THE SAVINGS OF FRENCH CITIZENS 51 IN THE REAL ECONOMY
A fast-changing market Eurazeo is France’s leading specialist with major growth potential giving individual investors access to private equity
_ Record savings in France in 2020 INDIVIDUAL CLIENTS _ Structurally low interest rates 120,000 €2BMANAGED (i.e. 10% of Group assets) _ Uplift needed for euro- on behalf of retail denominated fund returns investors _ Favorable regulatory environment (Pacte law) INDIVIDUAL RAISED SHAREHOLDERS €250M 10,000 in 2020 through 6 funds and 3 unit-linked products
A PROACTIVE BUSINESS DEVELOPMENT PLAN for the coming years
2021 SHAREHOLDERS’ MEETING Power Better Growth
2021 SHAREHOLDERS’ MEETING ENGAGED PROFESSIONALS 54 WITH SHARED GOALS AND VALUES OUR KEY RESOURCE
A UNIFIED AN ALIGNED STRENGTHENED ENGAGED brand organization governance teams
Interests attuned Appointment of to those of investors Christophe Bavière and Marc Frappier 300 employees, including Team members are also as Executive Board 120 investors and shareholders invested in the members 180 experts in value Company for the long haul creation
Idinvest Partners wholly 91% of staff acquired owned by the Group Appointment of Benoit since October 2020 Eurazeo shares through the Grossmann as Chief capital increase reserved for Executive Officer Joining of fundraising and employees in April 2021 of the portfolio operational teams management company Eurazeo IM
Appointment of five new Managing Partners, who have thus joined the Group’s Partners Committee (Matthieu Baret, Sophie Flak, Jill Granoff, François Lacoste and Christophe Simon) 2021 SHAREHOLDERS’ MEETING Better
A pioneering 15-year commitment to ESG Status as an ESG leader further cemented in 2020 ESG as a driver of performance
2021 SHAREHOLDERS’ MEETING EURAZEO, BEST-IN-CLASS INVESTMENT FIRM 56 FOR ESG INTEGRATION
RECOGNIZED AND ENGAGED The only listed global AUTHORITATIVE teams investment company expertise featured in all five of the leading sustainability indexes Variable compensation for the Group’s senior executives is A+ linked to non-financial performance criteria
The only listed global 50% 27% investment company OF ASSETS UNDER REDUCTION with a plan to achieve MANAGEMENT IN CO₂ EMISSIONS net zero emissions by the Group meet the criteria laid from the operations down in Articles 8 and 9 of the EU’s of the Group and its portfolio approved by the SBTi new Sustainable Finance Disclosure companies in 2020 compared Regulation (SFDR) with 2019
2021 SHAREHOLDERS’ MEETING BEYOND IMPACT FUNDS, AN IMPACTFUL COMPANY 57
Eurazeo’s ESG strategy Concrete results THE MOST AMBITIOUS ALREADY ACHIEVED IN THE MARKET IN 2020
_ First and only company in our sector to apply Decarbonization the methodology developed by the leading organization in the area of decarbonization, the Science Based Targets _ Target of net zero emissions initiative by 2040 for Eurazeo and its portfolio companies _ Launch of a new investment strategy for sustainable infrastructure
_ Eurazeo Sustainable Maritime Infrastructure (ESMI): the first European fund to meet the criteria for sustainable investment laid down in Article 9 of the EU’s Inclusion Sustainable Finance Disclosure Regulation (SFDR) _ Sharing of value _ Health, life and disability coverage _ Endowment fund to promote equal opportunity, initially for all employees of our portfolio companies capitalized at €3 million _ Gender balance at senior management levels within all our portfolio companies _ €10 million solidarity fund during the health crisis
2021 SHAREHOLDERS’ MEETING AN ENDOWMENT FUND TO PROMOTE EQUAL OPPORTUNITY58 WITH A LONG-TERM PERSPECTIVE
TWENTY YEARS OF AN ENDOWMENT FUND ACTIONS TO SET UP IN 2020 TO MULTIPLY EXPAND ACCESS OUR RESOURCES IN SUPPORT TO EDUCATION OF EQUAL OPPORTUNITY
_ Initial capitalization of €3 million PAID €9M _ Structured to generate capital to organizations active in promoting equal opportunity for all since 2004 gains in order to finance new solidarity projects _ Eurazeo teams play an active role in the selection of projects 260,000 supported CHILDREN AND YOUNG ADULTS _ Supervised by a board of aided by our programs directors, the fund is also audited each year by an independent third party to ensure good governance
2021 SHAREHOLDERS’ MEETING Power Better Growth
2021 SHAREHOLDERS’ MEETING Growth
Choosing the right sectors to build tomorrow’s successes Continuing to expand our international footprint
2021 SHAREHOLDERS’ MEETING PREVIOUS STRATEGIC CHOICES 62 CREATING VALUE TODAY
ONE OF THE LEADING LEADING PROVIDER OF FUNDING growth equity fund managers in Europe for France’s tech industry
Strong momentum for the Eurazeo Growth III fund Shareholder of 24 Next40 companies
€1 billion 3 RECENT INVESTMENTS … TARGET SIZE 24
A track record without equal in Europe 16 11 x 9 €1 billion 3.2AVERAGE ROI INVESTED IN at exit
46COMPANIES 27%IRR Alven Kima Ventures BPI France Eurazeo
2021 SHAREHOLDERS’ MEETING EQUIPPED TO QUICKLY REORIENT STRATEGY 63 DEPENDING ON MARKET CONDITIONS
7% 43% Growth in assets under 8% management IN JUST 3 YEARS
2017 x3 2020 x3GROUP TOTAL
x15TECH 15% Tech Health care x5HEALTH CARE
2021 SHAREHOLDERS’ MEETING TALENT FOR MAKING RELEVANT INVESTMENT 64 CHOICES SHOWN ONCE AGAIN IN 2020
2,800 investment … leading to investments opportunities WITH GREAT POTENTIAL in the best sectors in 20201 …
4% 3% Financial Manufacturing 2% services Other 7% IT and software Premium fashion Enterprise service Digital picture library Household cleaning brand management products software 7% Health care
Intellectual property Open banking Homologation and Household cleaning solutions and platform testing services products software 16% Premium 64% consumer Tech goods
Core banking Connected devices Beverages software and apps for health Food products and fitness
1. Small-mid Buyout, Mid-large Buyout, Growth and Venture teams. 2021 SHAREHOLDERS’ MEETING GEARED TO ANTICIPATE AND BUILD FUTURE SUCCESSES 65
Promising Portfolio standouts Next sectors for Eurazeo steps
Fundraising and first investment by sustainable infrastructure team Green economy The Group aims to achieve net zero emissions by 2040 through a plan approved by the Science Based Targets initiative
Deployment of the €420 million Nov Santé fund with the support Digitization of health care of a dedicated team Closer cooperation between our tech and health care teams
Financial and payment Continuation of our strategy to increase exposure to private services equity strategies for savings plans
Premium consumer goods First divestments carried out in 2021 by our Brands team
Reinforcement of deal sourcing in this sector for our Venture, Software Growth, Small-mid Buyout and Mid-large Buyout strategies
2021 SHAREHOLDERS’ MEETING FURTHER EXPANSION OF OUR INTERNATIONAL 66 FOOTPRINT
Continue to expand in Step up growth in Take advantage of very Europe the United States strong momentum in Asia
_ Expansion of team at London _ First divestments in the US _ Extension of the partnership office in summer 2021 for the Mid-large Buyout with China Investment and Brands teams Corporation (€200M _ Creation of a team in Italy in already raised, with three winter 2021 _ Partnership with Rhône investments made) _ Business development plan _ Continuing diversification _ Continuation of for Germany and the Nordic of activities over the next partnerships with leading countries 2-3 years: Growth, Private players in South Korea and Debt, Secondaries Singapore
ASSEMBLÉE GÉNÉRALE 2021 Power Better Growth
2021 SHAREHOLDERS’ MEETING 2021, A NEW YEAR OF 69 GROWTH
SCALE UP CONTINUE MAINTAIN all investment TO DRIVE our asset divisions value creation rotation policy
Proactive fundraising plan More recurring revenue Ambitious asset Continuing Higher returns divestment program internationalization for shareholders Strategic investment of teams choices in promising sectors
2021 SHAREHOLDERS’ MEETING 71
PRESENTATION 5 OF THE SUPERVISORY BOARD’S WORK
M. Nicolas HUET General Counsel
2021 SHAREHOLDERS’ MEETING COMPOSITION OF THE SUPERVISORY BOARD
2021 SHAREHOLDERS’ MEETING COMPOSITION OF THE SUPERVISORY BOARD 73
7 6 MEN WOMEN
13MEMBERS
AND 7 INDEPENDENT MEMBERS
2NON-VOTING MEMBERS 2 EMPLOYEE representatives
2021 SHAREHOLDERS’ MEETING PROPOSAL TO RENEW THE TERM OF OFFICE 74 OF A BOARD MEMBER DUE TO EXPIRE
Pursuant to RESOLUTION no. 5 submitted to the 2021 Mrs. Shareholders' Meeting. Stéphane Pallez
2021 SHAREHOLDERS’ MEETING ACTIVITIES OF THE SUPERVISORY BOARD
2021 SHAREHOLDERS’ MEETING IN 2020, THE SUPERVISORY BOARD MET 80
Attendance rate 10TIMES (vs. 7 times in 2019) 97.8%
INCLUDING 1 WRITTEN CONSULTATION
(vs. 93.33% in 2019)
2021 SHAREHOLDERS’ MEETING FIVE SPECIALIZED PERMANENT COMMITTEES 81 WHICH HELD A TOTAL OF 18 MEETINGS DURING THE YEAR
WITH AN AVERAGE ATTENDANCE RATE OF: 90%AUDIT 91.7DIGITAL% COMMITTEE COMMITTEE
95.8%CAG 98%FINANCE 100%CSR COMMITTEE COMMITTEE COMMITTEE
2021 SHAREHOLDERS’ MEETING THE SUPERVISORY BOARD PERMANENTLY OVERSEES 82 THE MANAGEMENT OF THE COMPANY BY THE EXECUTIVE BOARD
_ Determining the Company's strategic priorities
_ Reviewing the financial statements and ITS information DUTIES: _ Governance _ Reviewing major investment and divestment projects
2021 SHAREHOLDERS’ MEETING MAIN THEMES COVERED IN 2020: 83
_ Monitoring the consequences of Covid-19 on Company and its portfolio
_ The Group's strategic development
_ Early purchase of remaining shares in Idinvest
_ Validation of new multi-year investment programs
_ Review of the O+ ESG strategy for 2040
_ Review of the Board's operating procedures
_ Review of the diversity and gender equality policy and adoption of gender equality targets for the governing bodies
2021 SHAREHOLDERS’ MEETING 84
PRESENTATION OF THE WORK 6 OF THE COMPENSATION, APPOINTMENT AND GOVERNANCE COMMITTEE
M. Georges PAUGET Chairman of the CAG Committee
2021 SHAREHOLDERS’ MEETING 6 MEMBERS, INCLUDING 3 INDEPENDENT MEMBERS 85
Chaired by Georges Pauget
Anne Olivier Françoise Roland JCDecaux Holding Christophe Dias Merveilleux Mercadal- du Luart represented by Aubut du Vignaux Delasalles Emmanuel Permanent guest Russel
2021 SHAREHOLDERS’ MEETING WORK IN 2020 86
GOVERNANCE: COMPENSATION OF EXECUTIVE BOARD MEMBERS:
_ Continuation of work to improve _ Following a review of Covid-19 impacts, the operating procedures of the Board no changes were made to the principles and its committees and criteria used to determine variable compensation _ Redefinition of the remit of the Financial Committee _ First year of implementation in 2020 for the new performance grid established _ Establishment of criteria for the selection in late 2019 applying to performance shares of new Board members and launch of search
_ Composition of the Executive Board
2021 SHAREHOLDERS’ MEETING FIXED COMPENSATION 87 OF EXECUTIVE BOARD MEMBERS Δ 2021 FIXED 2020 FIXED 2020/2021
Virginie Morgon 1,070,000 1,070,000 0%
Philippe Audouin 500,000 500,000 0%
Nicolas Huet 450,000 450,000 0%
Olivier Millet 450,000 450,000 0%
Christophe Bavière 500,000 - -
2021 SHAREHOLDERS’ MEETING VARIABLE COMPENSATION AWARDED 88 TO EXECUTIVE BOARD MEMBERS IN RESPECT OF 2020
2019 Δ A T T A I N E D ATTAINED 2020 2019 V S . T A R G E T 2 0 1 9 / 2 0 2 0
Virginie 1,088,135 1,098,183 101.69% –0.94% Morgon
Philippe 509,074 514,269 101.81% –1.04% Audouin
Nicolas 457,447 461,717 101.65% –0.95% Huet
Olivier 453,667 458,342 100.81% –1.04% Millet
2021 SHAREHOLDERS’ MEETING VARIABLE COMPENSATION AWARDED 89 TO EXECUTIVE BOARD MEMBERS IN RESPECT OF 2020
_ No change was made to the compensation policy in light of the Covid-19 pandemic
_ Variable compensation awarded to Executive Board members in respect of 2020 represented on average 101.49% of their basic target variable compensation, compared with 102.49% in respect of 2019, due to the recovery in the second half of 2020
2021 SHAREHOLDERS’ MEETING STOCK OPTIONS / PERFORMANCE SHARES 90 GRANTS OF STOCK OPTIONS AND PERFORMANCE SHARE AWARDS ONLY VEST IF THEIR BENEFICIARIES:
Have remained with the Group …
PERFORMANCE _ … and are also subject to STOCK OPTIONS SHARES performance conditions applying to the entirety of the options or between 0 and 2 shares, which are measured over 0% 0% between 0 and 3 years years the vesting period
_ Since 2020, these performance 50% in Y+2 100% in Y+3 conditions have been based on Eurazeo’s share price performance relative to that 75% in Y+3 of the SBF 120 and LPX-TR indexes, also necessarily taking 100% in Y+4 Eurazeo’s NAV performance into account
2021 SHAREHOLDERS’ MEETING 2021 Shareholders’ Meeting APRIL 28, 2021 93
STATUTORY AUDITORS’ 7 REPORTS COMBINED SHAREHOLDERS’ MEETING
Mrs. Isabelle Massa Mazars for the joint auditors
2021 SHAREHOLDERS’ MEETING STATUTORY AUDITORS' REPORTS 94 COMBINED SHAREHOLDERS' MEETING, APRIL 28, 2021
FOR THE ORDINARY SHAREHOLDERS’ FOR THE EXTRAORDINARY SHAREHOLDERS’ MEETING MEETING
_ On the company financial statements _ Statutory Auditors’ report on the capital decrease (resolution no. 1) through the cancellation of purchased shares (resolution no. 15) _ On the consolidated financial statements _ Statutory Auditors' report on the issue of ordinary (resolution no. 3) shares and/or securities granting access to the company's share capital reserved for members _ On related-party agreements of a company savings plan (Plan d'Epargne Entreprise) governed by Article L.225-86 (resolution no. 16) of the French Commercial Code (resolution no. 4) _ Statutory Auditors’ report on the authorization to grant free existing or newly issued shares (resolution no. 17)
2021 SHAREHOLDERS’ MEETING REPORTS ON THE COMPANY 95 AND CONSOLIDATED FINANCIAL STATEMENTS SEE PAGES 374-377 AND 338-343 OF THE 2020 UNIVERSAL REGISTRATION DOCUMENT RESOLUTIONS NO. 1 AND NO. 3
IN OUR OPINION, _ The company financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company at December 31, 2020 and of the results of its operations for the year then ended in accordance with French accounting principles. _ The consolidated financial statements give a true and fair view OPINION of the assets and liabilities and of the financial position of the Group at December 31, 2020 and of the results of its operations for the year then ended in accordance with International Financial Reporting Standards as adopted by the European Union.
2021 SHAREHOLDERS’ MEETING REPORTS ON THE COMPANY 96 AND CONSOLIDATED FINANCIAL STATEMENTS SEE PAGES 374-377 AND 338-343 OF THE 2020 UNIVERSAL REGISTRATION DOCUMENT RESOLUTIONS NO. 1 AND NO. 3
COMPANY FINANCIAL CONSOLIDATED STATEMENTS FINANCIAL STATEMENTS
_ Accounting _ Accounting for major acquisitions for major acquisitions during the year and purchase price during the year allocation
KEY AUDIT _ Measurement _ Measurement of main components MATTERS of equity investments of goodwill and intangible assets with indefinite lives
_ Measurement of investments in associates
_ Classification and measurement of financial assets
2021 SHAREHOLDERS’ MEETING REPORT ON RELATED-PARTY AGREEMENTS 97 SEE PAGES 422-431 OF THE 2020 UNIVERSAL REGISTRATION DOCUMENT RESOLUTION NO. 4
_ It is our responsibility to report to shareholders, based on the information provided to us, on the main terms and conditions of agreements that have been disclosed to us or that we may have identified PURPOSE as part of our engagement, as well as the reasons given as to why they are beneficial for the Company, without commenting on their relevance or substance or identifying any undisclosed agreements.
2021 SHAREHOLDERS’ MEETING REPORT ON RELATED-PARTY AGREEMENTS 98 SEE PAGES 422-431 OF THE 2020 UNIVERSAL REGISTRATION DOCUMENT RESOLUTION NO. 4
_ Implementation of the Eurazeo Croissance Secondary Fund co-investment (Supervisory Board meeting of December 2, 2020)
RELATED-PARTY _ Amendment to the CarryCo Croissance 3 co-investment program AGREEMENTS (Supervisory Board meeting of December 2, 2020) SUBMITTED _ Variable compensation in respect of 2020 of members TO THE APPROVAL of the Executive Board holding an employment contract OF THE 2021 with the Company (Supervisory Board meeting of March 10, 2021) SHAREHOLDERS’ _ Authorization of the implementation of the CarryCo Patrimoine 3 MEETING co-investment program (Supervisory Board meeting of March 10, 2021)
2021 SHAREHOLDERS’ MEETING REPORT ON RELATED-PARTY AGREEMENTS 99 SEE PAGES 422-431 OF THE 2020 UNIVERSAL REGISTRATION DOCUMENT RESOLUTION NO. 4
RELATED-PARTY _ Agreement between Eurazeo and JCDecaux Holding SAS and its amendment AGREEMENTS PREVIOUSLY _ Agreement between Eurazeo and certain members of the Concert APPROVED BY THE _ Membership in the 2015-2018 – Carryco Croissance 2 co-investment program put into place in 2015 SHAREHOLDERS’ MEETING _ Implementation of the 2012-2013 and 2014-2018 co-investment programs _ Implementation of the 2015-2018 co-investment programs
_ Amendment to the investment protocol between Carryco Capital 1 ... APPROVED IN PREVIOUS and Eurazeo dated November 14, 2014 YEARS BUT NOT IMPLEMENTED DURING THE YEAR: _ Implementation of the Carryco Capital 2 co-investment program _ Implementation of the Brands co-investment program
2021 SHAREHOLDERS’ MEETING REPORT ON RELATED-PARTY AGREEMENTS 100 SEE PAGES 422-431 OF THE 2020 UNIVERSAL REGISTRATION DOCUMENT RESOLUTION NO. 4
RELATED-PARTY _ Participation in the co-investment program implemented at Eurazeo PME AGREEMENTS _ Implementation of the Croissance 3 co-investment program PREVIOUSLY _ Implementation of the Carryco Patrimoine 2 co-investment program APPROVED BY THE for a maximum amount of €600 million SHAREHOLDERS’ _ Other compensation components and benefits granted to the members of the Executive Board holding an employment contract with the Company MEETING _ Fixed compensation of Virginie Morgon, Chairwoman of the Executive Board holding an employment contract with the Company _ Fixed compensation of Philippe Audouin, Chief Financial Officer ... APPROVED IN PREVIOUS YEARS BUT NOT IMPLEMENTED and member of the Executive Board holding an employment contract DURING THE YEAR: with the Company _ Fixed compensation of Nicolas Huet, member of the Executive Board holding an employment contract with the Company
2021 SHAREHOLDERS’ MEETING REPORT ON RELATED-PARTY AGREEMENTS 101 SEE PAGES 422-431 OF THE 2020 UNIVERSAL REGISTRATION DOCUMENT RESOLUTION NO. 4
RELATED-PARTY AGREEMENTS PREVIOUSLY APPROVED BY THE SHAREHOLDERS’ MEETING _ Variable compensation in respect of 2019 of members of the Executive Board holding an employment contract with the Company
… APPROVED DURING THE YEAR, BY THE SHAREHOLDERS’ MEETING OF APRIL 30, 2020:
2021 SHAREHOLDERS’ MEETING 102 Statutory Auditors’ report on the capital decrease through the cancellation of purchased shares (resolution no. 15) page 432
STATUTORY AUDITORS’ REPORT TO THE Statutory Auditors' report on the issue of ordinary shares EXTRAORDINARY and/or securities granting access to the company's share capital reserved for members of a company savings plan SHAREHOLDERS’ (Plan d'Epargne Entreprise) (resolution no. 16) page 433 MEETING
Statutory Auditors’ report on the authorization to grant free existing or newly issued shares (resolution no. 17) page 434
2021 SHAREHOLDERS’ MEETING 2021 Shareholders’ Meeting APRIL 28, 2021 105
8 SHAREHOLDERS’ QUESTIONS
2021 SHAREHOLDERS’ MEETING 107
9 PRESENTATION OF THE RESOLUTIONS
Nicolas Huet General Counsel
2021 SHAREHOLDERS’ MEETING 108 ORDINARY APPROVAL RESOLUTION of the Company financial statements no. 1
2021 SHAREHOLDERS’ MEETING 109 ORDINARY APPROVAL RESOLUTION of the Company financial statements no. 1
THIS RESOLUTION IS ADOPTED: 99.68%
2021 SHAREHOLDERS’ MEETING 110 ORDINARY ALLOCATION RESOLUTION of net income no. 2 _ Net income for the year of -€193,472,265.90 _ Allocation to retained earnings, giving a total of €163,451,921.26
_ Payment of a dividend of €1.50
_ To be paid in cash on May 4, 2021.
2021 SHAREHOLDERS’ MEETING 111 ORDINARY ALLOCATION RESOLUTION of net income no. 2 _ Net income for the year of -€193,472,265.90 _ Allocation to retained earnings, giving a total of €163,451,921.26
_ Payment of a dividend of €1.50
_ To be paid in cash on May 4, 2021.
THIS RESOLUTION IS ADOPTED: 99.01%
2021 SHAREHOLDERS’ MEETING 112 ORDINARY APPROVAL RESOLUTION of the consolidated financial statements no. 3
ORDINARY APPROVAL RESOLUTION of regulated agreements no. 4
2021 SHAREHOLDERS’ MEETING 113 ORDINARY APPROVAL RESOLUTION of the consolidated financial statements no. 3
THIS RESOLUTION IS ADOPTED: 99.68%
ORDINARY APPROVAL RESOLUTION of regulated agreements no. 4
THIS RESOLUTION IS ADOPTED: 84.88%
2021 SHAREHOLDERS’ MEETING 114 ORDINARY RENEWAL of the term of office of Stéphane PALLEZ RESOLUTION as a member of the Supervisory Board no. 5 for a four-year term _ Chairwoman and Chief Executive Officer of La Française des Jeux
_ Director of CNP Assurances
_ Independent member of the Supervisory Board
_ Member of the Audit Committee and of the CSR Committee
_ Experience in the finance, insurance and banking sector as well as in digital transformation and new technologies
2021 SHAREHOLDERS’ MEETING 115 ORDINARY RENEWAL of the term of office of Stéphane PALLEZ RESOLUTION as a member of the Supervisory Board no. 5 for a four-year term _ Chairwoman and Chief Executive Officer of La Française des Jeux
_ Director of CNP Assurances
_ Independent member of the Supervisory Board
_ Member of the Audit Committee and of the CSR Committee
_ Experience in the finance, insurance and banking sector as well as in digital transformation and new technologies
THIS RESOLUTION IS ADOPTED: 87.36%
2021 SHAREHOLDERS’ MEETING 116 ORDINARY EX-ANTE SAY ON PAY RESOLUTION _ Approval of the 2021 compensation policy no. 6 for Supervisory Board members
ORDINARY EX-ANTE SAY ON PAY RESOLUTION _ Approval of the 2021 compensation policy no. 7 for Executive Board members
2021 SHAREHOLDERS’ MEETING 117 ORDINARY EX-ANTE SAY ON PAY RESOLUTION _ Approval of the 2021 compensation policy no. 6 for Supervisory Board members
THIS RESOLUTION IS ADOPTED: 99.93%
ORDINARY EX-ANTE SAY ON PAY RESOLUTION _ Approval of the 2021 compensation policy no. 7 for Executive Board members
THIS RESOLUTION IS ADOPTED: 80.21%
2021 SHAREHOLDERS’ MEETING 118 ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of the report on the compensation policy no. 8 for all corporate officers
ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal year no. 9 2020 to Michel David-Weill, Chairman of the Supervisory Board
2021 SHAREHOLDERS’ MEETING 119 ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of the report on the compensation policy no. 8 for all corporate officers
THIS RESOLUTION IS ADOPTED: 99.01%
ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal year no. 9 2020 to Michel David-Weill, Chairman of the Supervisory Board
THIS RESOLUTION IS ADOPTED: 99.91%
2021 SHAREHOLDERS’ MEETING 120 ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal year no. 10 2020 to Virginie Morgon, Chairwoman of the Executive Board
ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal year no. 11 2020 to Philippe Audouin, member of the Executive Board
2021 SHAREHOLDERS’ MEETING 121 ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal year no. 10 2020 to Virginie Morgon, Chairwoman of the Executive Board
THIS RESOLUTION IS ADOPTED: 84.48%
ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal year no. 11 2020 to Philippe Audouin, member of the Executive Board
THIS RESOLUTION IS ADOPTED: 84.42%
2021 SHAREHOLDERS’ MEETING 122 ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal no. 12 year 2020 to Nicolas Huet, member of the Executive Board
ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal no. 13 year 2020 to Olivier Millet, member of the Executive Board
2021 SHAREHOLDERS’ MEETING 123 ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal no. 12 year 2020 to Nicolas Huet, member of the Executive Board
THIS RESOLUTION IS ADOPTED: 84.61%
ORDINARY EX-POST SAY ON PAY RESOLUTION _ Approval of compensation paid or awarded in respect of fiscal no. 13 year 2020 to Olivier Millet, member of the Executive Board
THIS RESOLUTION IS ADOPTED: 84.42%
2021 SHAREHOLDERS’ MEETING 124 ORDINARY AUTHORIZATION of a share buyback program by the Company RESOLUTION for its own shares no. 14 _ Subject to a limit of 10% of the share capital
_ Maximum purchase price: €100 per share
_ Valid for 18 months
_ Exclusion during takeover bid periods unless to satisfy prior commitments
2021 SHAREHOLDERS’ MEETING 125 ORDINARY AUTHORIZATION of a share buyback program by the Company RESOLUTION for its own shares no. 14 _ Subject to a limit of 10% of the share capital
_ Maximum purchase price: €100 per share
_ Valid for 18 months
_ Exclusion during takeover bid periods unless to satisfy prior commitments
THIS RESOLUTION IS ADOPTED: 84.91%
2021 SHAREHOLDERS’ MEETING 126 EXTRAORDINARY RENEWAL RESOLUTIONS of Executive Board authorizations nos. 15 & 16 Authorized amount Executive Board in nominal terms or Term Resolution authorizations as a % of the capital of the authorization
Resolution no. 15 Capital decrease 10% of the share capital per 24- 26 months through the cancellation month period of shares
Resolution no. 16 Capital increase through €2 million 26 months the issue of shares and/or other securities granting access to the capital reserved for members of a company savings plan
2021 SHAREHOLDERS’ MEETING 127 EXTRAORDINARY RENEWAL RESOLUTIONS of Executive Board authorizations nos. 15 & 16 Authorized amount Executive Board in nominal terms or Term Resolution authorizations as a % of the capital of the authorization
Resolution no. 15 Capital decrease 10% of the share capital per 24- 26 months through the cancellation month period of shares
THIS RESOLUTION IS ADOPTED: 98.71%
Resolution no. 16 Capital increase through €2 million 26 months the issue of shares and/or other securities granting access to the capital reserved for members THIS RESOLUTION IS ADOPTED: of a company savings plan 99.48%
2021 SHAREHOLDERS’ MEETING 128 EXTRAORDINARY RENEWAL RESOLUTION of Executive Board authorizations no. 17 Authorized amount Executive Board in nominal terms or Term Resolution authorizations as a % of the capital of the authorization
Resolution no. 17 Awards of free shares 1% of the share capital 12 months to employees (sub-ceiling of 0.5%) – and corporate officers counting towards the limit – early renewal of the authorization relating to options (2019 Shareholders' Meeting – resolution no. 17)
2021 SHAREHOLDERS’ MEETING 129 EXTRAORDINARY RENEWAL RESOLUTION of Executive Board authorizations no. 17 Authorized amount Executive Board in nominal terms or Term Resolution authorizations as a % of the capital of the authorization
Resolution no. 17 Awards of free shares 1% of the share capital 12 months to employees (sub-ceiling of 0.5%) – and corporate officers counting towards the limit – early renewal of the authorization relating to options (2019 Shareholders' Meeting – resolution no. 17)
THIS RESOLUTION IS ADOPTED: 96.63%
2021 SHAREHOLDERS’ MEETING 130 ORDINARY POWERS RESOLUTION to carry out formalities no. 18
2021 SHAREHOLDERS’ MEETING 131 ORDINARY POWERS RESOLUTION to carry out formalities no. 18
THIS RESOLUTION IS ADOPTED: 99.99%
2021 SHAREHOLDERS’ MEETING THANK YOU
2021 SHAREHOLDERS’ MEETING 2021 Shareholders’ Meeting APRIL 28, 2021 2021 Shareholders’ Meeting APRIL 28, 2021 2021 Shareholders’ Meeting APRIL 28, 2021