Wendel (WNDLF) Analyst/Investor Day December 12, 2025 8:30 AM EST

Company Participants

Olivier Allot - Director of Financial Communication & Data Intelligence and Investor Relations Laurent Mignon - Group CEO & Chairman of the Executive Board David Darmon - Deputy CEO & Member of Executive Board Cyril Marie - Executive Vice-President Strategy and Corporate Development

Conference Call Participants

William Rozé David Cerdan - Kepler Cheuvreux, Research Division Arnaud Palliez - CIC Market Solutions (ESN), Research Division Nicolas Tabor Andee Harris - Crisis Prevention Institute, Inc. Andrew Lowe - Citigroup Inc., Research Division Daniel Benin - Committed Advisors SAS Zia Uddin - Monroe Capital LLC Geoffroy Michalet - ODDO BHF Corporate & Markets, Research Division Arnaud Palliez - CIC Market Solutions, Research Division Saima Hussain - AlphaValue SA Alexandre Gérard - CIC Market Solutions (ESN), Research Division Loco Atitaud Lionel Boni Douza - Joh. Berenberg, Gossler & Co. KG, Research Division

Conversation

Olivier Allot Director of Financial Communication & Data Intelligence and Investor Relations

Welcome to Wendel 24th Investor Day. As you can see, we have quite a nice agenda today, and we hope that these sessions will give you a better understanding of Wendel’s new value creation profile. There will be Q&A sessions at the end of each presentation for Wendel, the Q&A session will take place at the very end of this event. For those who are not in the room, you can ask questions from the web, and I will read them.

Given today’s very rich agenda, I think it’s time to start now with the first presentation by Laurent Mignon, Wendel’s CEO. Jingle please.

Laurent Mignon Group CEO & Chairman of the Executive Board

Good afternoon to everybody. Very happy to be here with you and to share with you the transformation of Wendel and where we want to take Wendel. You’ll see that we’re pretty passionate about it. I think the team has

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