Wendel

Wendel (OTCPK:WNDLF) Q1 2025 Earnings Conference Call April 25, 2025 9:00 AM ET Company Participants Jerome Michiels - Executive Vice-President and Director of Wendel Growth Benoit Drillaud - CFO Olivier Allot - Investor Relations Lucile Roch - Deputy Head of Financial Communication Conference Call Participants Joren Van Aken - Degroof Petercam David Cerdan - Kepler Cheuvreux Jerome Michiels Welcome, everybody. Thank you for joining this call.» Mehr auf seekingalpha.com

Q1 2025 NAV per share at €176.7 Continued strategic deployment : €34bn of private Assets under Management for third parties Solid financial structure: Strong liquidity and LTV ratio at 17.2% Fully diluted Net Asset Value 1 as of March 31, 2025: €176.7 per share Fully diluted NAV per share down -4.8% since the start of the year reflecting market volatility and evolution of valuation multiples: Listed assets (29% of Gross Asset Value): flat total value year-to-date Unlisted assets (33% of GAV): total value down 7.3%, mainly due to lower market multiples Following the acquisition of Monroe Capital, Asset Management now represents 17% of GAV Good performance of Group companies in Q1 20205 Principal investments: all Group companies generated positive total sales growth in Q1, except Scalian Asset management: good momentum in fundraising and revenue growth IK Partners' revenues up +33% in Q1. Successful closing of the IK X flagship fund at €3.3 billion, the largest fund raised in its history and continued momentum in fundraising of IK Small & Dev Cap Altogether IK Partners and Monroe have successfully raised more than €3 billion of new funds on various strategies over Q1 2025 Successful implementation of new strategic directions Principal Investments: successful Forward Sale of 6.7% of Bureau Veritas' share capital, at a price of €27.25 per share on March 12, 2025 Wendel entered into a call spread transaction to benefit from up to c.15% of the stock price appreciation over the next three years on the equivalent number of shares underlying the Forward Sale Transaction Total net proceeds for Wendel of €750 million Wendel has retained 26.5% of the share capital and 41.2% of the voting rights of Bureau Veritas Asset Management: With Monroe Capital acquisition, Wendel's third party asset management platform reached €34 billion in AUM2 On March 31, 2025, Wendel has invested $1.133 billion to acquire 72% of Monroe Capital's shares together with rights to c.20% of the carried interest generated on past and future funds Dividend: €4.70 per share, up 17.5%, proposed to May 15, 2025, AGM c.2.5% of NAV as of December 31, 2024, as stated in the strategic roadmap Representing a yield of c.» Mehr auf globenewswire.com

Shareholders' Meeting set for May 15, 2025 Wendel informs its shareholders that the Shareholders' Meeting will be held on Thursday May 15, 2025, at 3 p.m. (Paris time) at the Auditorium Cézanne Saint-Honoré, located at 2-4, rue Paul-Cézanne, 75008 Paris.» Mehr auf globenewswire.com