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FULL-YEAR 2020 RESULTS & STRATEGIC UPDATE

FULL-YEAR 2020 RESULTS & STRATEGIC UPDATEQ4 gross sales exhibit agility to seize first indicators of restoration in all geographiesStrong self-discipline in opex administration Robustness & resilience of our FCF conversion price in FY 2020 2023 ambition: Additional gross sales progress outperformance & adjusted Ebita margin above 6% at fixed scope → Gross sales of €3,389.0m in This fall 2020, exceeding expectations, demonstrating our agility to seize first indicators of restoration because of an intact department community and our best-in-class digital provide On a continuing and same-day foundation, gross sales down -0.7% in This fall 20, with progressive enchancment in all geographies and North America recovering from a decrease baseSame-day gross sales up low-single digit in January 2021 → Gross margin quickly impacted by volume-related rebates in FY 2020 → Finest-in-class opex administration, c. 6% structural staffing adjustment, whereas sustaining our department community intact → Stable free money circulate of €613.0m in FY 2020, translating into monetary internet debt of €1.3bn, the bottom stage since 2007 IPO → Recurring internet revenue at €277.7m down 18.6% in FY 2020 and internet revenue (loss) at €(261.3)m following a €486m goodwill impairment booked in H1 2020 → Resuming dividend distribution with a proposal to distribute €0.46 per share → 2023 ambition: 50 to 100bps market outperformance and adjusted EBITA margin above 6% at fixed scope and circa 6.5% together with potential portfolio administration Key figures1Q4 2020YoY changeFY 2020YoY changeSales€3,389.0m €12,592.5m On a reported foundation -3.7% -8.4percentOn a continuing and actual-day foundation +0.9% -6.0percentOn a continuing and same-day foundation -0.7% -6.5percentAdjusted EBITA2 €526.4m-20.8percentAs a proportion of gross sales 4.2% Change in bps as a % of sales2 -78bps Reported EBITA €537.0m-20.7percentOperating revenue (loss) €(3.4)m Internet revenue (loss) €(261.3)m Recurring internet revenue €277.7m-18.6percentFCF earlier than curiosity and tax €613.0m+€151.4mNet debt at finish of interval €1,334.9m31.4% lower 1 See definition within the Glossary part of this doc 2 At comparable scope of consolidation and change charges and excluding (i) amortization of PPA and (ii) the non-recurring impact associated to modifications in copper-based cable costs Patrick BERARD, Chief Government Officer, stated: “Rexel emerges from a really difficult yr 2020 as a greater firm – extra strong, agile and assured because of strategic measures applied over the past Four years. I wish to thank our workers for his or her assist and exhausting work as collectively we restructured the corporate, deleveraged it, and invested closely in digital transformation. Rexel is now harvesting the fruits of those efforts. The Group faces a persistently unsure surroundings with cautious optimism, strengthened by its steady transformation and confirmed capability to adapt to different market circumstances. The 2021 and mid-term ambitions we’re unveiling right this moment affirm our confidence in our capability to structurally outperform the rising and more and more enticing Electrical Distribution market, fueled by structural developments comparable to Lively Power Effectivity, CO2 discount and ’inexperienced power’. Leveraging the regular ramp-up in digital transformation, we goal reaching an adjusted Ebita margin above 6% in 2023, at fixed scope.” FINANCIAL REVIEW FOR THE PERIOD ENDED DECEMBER 31, 2020 Annual monetary report 2020 was licensed for concern by the Board of Administrators on February 10th, 2021. It has been audited by statutory auditors.The next phrases: Reported EBITA, Adjusted EBITA, EBITDA, EBITDAaL, Recurring internet revenue, Free Money Movement and Internet Debt are outlined within the Glossary part of this doc.Until in any other case said, all feedback are on a continuing and adjusted foundation and, for gross sales, at identical variety of working days. SALES In This fall, gross sales had been down 3.7% year-on-year on a reported foundation and down 0.7% on a continuing and same-day foundation. This better-than-expected efficiency demonstrates our capability to seize first indicators of restoration because of an intact department community and our best-in-class digital provide.Within the fourth quarter, Rexel posted gross sales of €3,389.Zero million, down 3.7% on a reported foundation, together with: A detrimental foreign money impact of €106.5 million (i.e. -3.0% of This fall 2019 gross sales), primarily because of the depreciation of the US & Canadian {dollars} towards the euro.A detrimental internet scope impact of €55.Eight million (i.e. -1.6% of This fall 2019 gross sales), primarily ensuing from the disposal of Gexpro Companies within the US.A constructive calendar impact of 1.6 proportion factors. On a continuing and same-day foundation, gross sales had been down 0.7%, together with a constructive impact from the change in copper-based cable costs (+1.3% in This fall 20 vs -0.3% in This fall 19). In FY 2020, Rexel posted gross sales of €12,592.5 million, down 8.4% on a reported foundation. On a continuing and same-day foundation, gross sales had been down 6.5%, together with a constructive impression of +0.2% from the change in copper-based cable costs (vs. a detrimental -0.3% in FY 19). On-line efficiency was sturdy, with digital gross sales of €2.6bn, up 11% within the yr, permitting us to include the drop in actual-day gross sales to six% in FY 2020. Digital gross sales reached c.21% of gross sales at Group stage within the yr (+317bps vs 2019) and represented 31% of gross sales in Europe. The 8.4% lower in gross sales on a reported foundation included: A detrimental foreign money impact of €150.7 million (i.e. -1.1% of FY 2019 gross sales), primarily because of the depreciation of the US & Canadian {dollars} towards the euro;A detrimental internet scope impact of €200.Zero million (i.e. -1.5% of FY 2019 gross sales), primarily ensuing from the disposal of Gexpro Companies within the US;A constructive calendar impact of 0.5 proportion factors. Europe (58% of Group gross sales): +2.1% in This fall and -3.9% in FY on a continuing and same-day foundation Within the fourth quarter, gross sales in Europe elevated by 2.7% on a reported foundation, with restricted detrimental impact from foreign money (€6.5m, down -0.3% primarily because of the depreciation of the British pound towards the euro) and scope (€4.8m, i.e. -0.2%). On a continuing and same-day foundation, gross sales had been up 2.1% because of an enchancment in gross sales in most of our international locations. France (39% of the area’s gross sales) was up 1.4% regardless of a excessive base impact. Gross sales had been pushed by the proximity enterprise and extra particularly residential, up mid-single digit.Gross sales in Scandinavia (14% of the area’s gross sales) had been up 2.8%, benefiting from a constructive efficiency in Norway (+14.0%) with important worth will increase (+7%), offsetting the impression on imported merchandise of the Norwegian Krone’s depreciation. Sweden (+0.6%) benefited from higher momentum in November and December, primarily because of growing demand from small and medium contractors.Benelux (11% of the area’s gross sales) elevated by 6.9%. Belux (+14.3%), largely benefiting from the PV market as subsidies resulted in 2020 (c. +10% contribution in This fall 20 and c. +3% in FY 20) and from residential.Gross sales in Germany (9% of the area’s gross sales) posted stable 8.3% progress, because of constructive developments in our proximity enterprise and from higher demand in automotive.Within the UK (8% of the area’s gross sales), gross sales had been down by 8.2%, recovering from -17.0% in Q3 20, primarily because of the primary advantages of the reorganization (enchancment of service and NPS). The Denmans banner was up 11.1% within the quarter.Gross sales in Switzerland (7% of the area’s gross sales) had been up 3.1% in comparison with -2.8% in Q3 20 because of improved demand in constructing set up actions (primarily renovation enterprise offsetting decline in new construct exercise). North America (33% of Group gross sales): -7.8% in This fall and -12.3% in FY on a continuing and same-day foundation Within the fourth quarter, gross sales in North America had been down 15.9% on a reported foundation, together with a detrimental foreign money impact of seven.2% (or -€94.9m, primarily because of the depreciation of the US and Canadian greenback towards the euro) and a detrimental scope impact of three.9% (-€51.0m) from the disposal of Gexpro Companies. On a continuing and same-day foundation, gross sales had been down 7.8%. Within the US (78% of the area’s gross sales), gross sales had been down 7.7% with sturdy resilience in Three areas (Northwest, Mountain Plains and Florida) because of market share features, our proximity enterprise and previous investments in our footprint, providers and salesforce. This constructive pattern is offset by a tougher state of affairs in different areas such because the Midwest and Gulf Central which remained detrimental however confirmed higher momentum than in Q3 20, thanks notably to greater Oil & Fuel demand. In Canada (22% of the area’s gross sales), gross sales dropped by 8.2%, a slight enchancment from Q3 20 (-12.3%), because of improved automation enterprise in OEM & Auto, Petrochemicals & massive industrial contractors. Asia-Pacific (9% of Group gross sales): +10.8% in This fall and +1.6% in FY on a continuing and same-day foundation Within the fourth quarter, gross sales in Asia-Pacific had been up 8.2% on a reported foundation, together with a detrimental foreign money impact of 1.7% (-€5.2m), primarily because of the depreciation of the Chinese language renminbi towards the euro. On a continuing and same-day foundation, gross sales posted a robust 10.8% progress (or +5.4% excluding the big aerospace contract in China). Within the Pacific (46% of the area’s gross sales), gross sales had been up 0.5% on a continuing and same-day foundation: In Australia (83% of Pacific’s gross sales), gross sales elevated by 1.2%, returning to natural progress with constructive momentum within the proximity enterprise offsetting the lack of 2 industrial contracts (impression of -3.5%). In New Zealand (17% of Pacific’s gross sales), gross sales had been down 3.1%, with a tender restoration post-election (Q3 20: -10.7%). In Asia (54% of the area’s gross sales), gross sales had been up 21.6% on a continuing and same-day foundation: In China (85% of Asia’s gross sales), gross sales posted stable 22.7% progress, primarily pushed by our rising automation phase and authorities spending in infrastructure and automation. An aerospace contract contributed positively to the quarter (contribution: +12.8%).In India and the Center East (15% of Asia’s gross sales), India was up 0.9% and the Center East was up 53.1%. PROFITABILITY Adjusted EBITA margin at 4.2% in FY 2020, down 78bps in comparison with FY 2019 In FY 2020, gross margin stood at 24.6% of gross sales, down 46 bps year-on-year, quickly impacted by a lower in quantity resulting in decrease provider rebates. Opex (together with depreciation) amounted to 20.4% of gross sales, representing a deterioration of 32 bps year-on-year (on a 6% precise day gross sales decline), displaying agility on opex administration, leveraging each short-term measures provided by governments, primarily through the first half of the yr, and structural measures activated within the second a part of the yr. In Europe, gross margin stood at 26.8% of gross sales, down 58bps year-on-year from detrimental nation combine, and decrease quantity resulting in decrease rebates. Opex (together with depreciation) represented 21.5% of gross sales (-26bps), underscoring reactive and agile opex administration through the yr, primarily on Wage & Advantages (together with short-term measures and extra structural initiatives) and Journey {and professional} charges, offsetting a rise in dangerous debt provisioning.In North America, gross margin stood at 22.9% of gross sales. This represented a restricted 25bps deterioration in comparison with a yr in the past, displaying our capability to protect gross margin. Opex (together with depreciation) deteriorated by 30 bps at 19.2% of gross sales with lively Wage & Advantages administration (diminished by 12.3% greater than the drop in gross sales, together with short-term measures and extra structural initiatives), whereas sustaining our department community intact.In Asia-Pacific, gross margin stood at 17.2% of gross sales, a deterioration of 96bps year-on-year primarily attributable to nation combine (sturdy progress in China) and buyer combine (massive aerospace contract). Opex (together with depreciation) improved by 52bps to 15.3% because of reactive and agile administration, notably on Wage & Advantages.At company stage, opex amounted to €33.Eight million. In consequence, adjusted EBITA stood at €526.4m, down 20.8%, in full-year 2020. Adjusted EBITA margin was down 78bps at 4.2% of gross sales, reflecting: a drop in adjusted EBITA margin in Europe at 5.3% of gross sales, down 84bps,a decrease adjusted EBITA margin in North America at 3.7% of gross sales, down 54bps anda decrease adjusted EBITA margin in Asia-Pacific down 45bps, at 1.9% of gross sales. In FY 20, reported EBITA stood at €537.Zero million (together with a constructive one-off copper impact of €10.6m), down 20.7% year-on-year. NET INCOME Internet revenue (loss) of €(261.3)m in FY 2020 Recurring internet revenue down 18.6% to €277.7 million in FY 2020 Working revenue (loss) within the full-year stood at €(3.4) million vs. €486.Four million in FY 2019. Amortization of intangible belongings ensuing from buy worth allocation amounted to €10.5 million (vs. €14.Three million in FY 2019).Different revenue and bills amounted to a internet cost of €529.9 million (vs. a internet cost of €176.Eight millionin FY 2019). They included: a cost of €486.Zero million from goodwill impairment booked in H1 2020, primarily reflecting decrease quantity associated to the Covid-19 disaster and better Weighted Common Price of Capital (elevated danger premium within the Covid-19 surroundings).€32.5 million of truthful worth adjustment on belongings held on the market in France & Center East.€26.1 million of restructuring prices (vs. €32.6 million in FY 2019).a €13.7 million acquire on tangible asset disposals (together with a distribution heart within the UK). Internet monetary bills within the full yr amounted to €117.2 million (vs. €165.Three million in FY 2019) and will be cut up as follows: €(42.7)million from curiosity on lease liabilities in 2020 vs €(45.5)m in 2019.€(79.2)million from monetary bills earlier than one-off bills in 2020 vs. €(96.6)m in 2019, with a big enchancment from decrease common gross debt and diminished financing prices (from 2.62% in 2019 to 2.45% in 2020).Others & one offs for €4.2m in 2020 primarily from the early compensation of the €300 million senior notes due in 2024 (coupon: 2.625%) accomplished mid-December 2020. A €20.8m cost was acknowledged in 2019 associated to the price of the early compensation of the €650 million senior notes due in 2023. Revenue tax within the full-year represented a cost of €140.7 million in FY 2020 (vs. €117.Three million in FY 2019), impacted by a €(28.4)m deferred tax asset write-down reflecting uncertainty round its future recoverability within the context of the covid-19 disaster. FY 2019 included a one-off launch of a €29.5 million reserve on disputed curiosity expense tax deductibility following a good Appeals Court docket resolution. Restated for non-recurring impacts, the efficient tax price stood at 30.7%, down 300bps vs 2019 because of decrease tax charges in France (from 34.43% to 32.02%) and in Belgium (from 29.6% to 25%). We anticipate our tax price to additional profit from the tax discount in France in coming years. Internet revenue (loss) within the full-year was detrimental at €(261.3) million (vs. a constructive €203.Eight million in FY 2019). Recurring internet revenue within the full yr amounted to €277.7 million, down 18.6% in comparison with FY 2019 (see appendix 3). FINANCIAL STRUCTURE Optimistic free cash-flow earlier than curiosity and tax of €613.Zero million in full-year 2020 Indebtedness ratio of two.14x at December 31, 2020 Within the full-year, free money circulate earlier than curiosity and tax amounted to an influx of €613.Zero million (vs. an influx of €461.6 million in FY 2019), representing a Free Money circulate conversion price (EBITDAaL into FCF earlier than curiosity and taxes) of 101.2% or 95.7% restated for asset disposals. This internet influx included: An influx of €122.5 million from change in working capital (in comparison with an outflow of €70.Zero million in FY 2019), primarily from lively administration of working capital. As a proportion of gross sales over the past 12 months, working capital necessities improved by 51 foundation factors to 10.7% at December 31, 2020 from 11.3% of gross sales at December 31, 2019. This enchancment was primarily related to stock discount in addition to a decrease stage of exercise impacting taxes and provider rebates receivables. Decrease money outflow from restructuring (€15.4m vs. €51.9m in 2019)A decrease stage of capital expenditure of €76.6 million in comparison with €116.5 million in 2019 primarily attributable to an influx from asset disposals for €33m (together with a logistics heart within the UK) and decrease gross capital expenditure (€112.Zero million in FY 2020 in comparison with €125.5m in FY 2019). The gross capex to gross sales ratio stood at 0.9% in FY 2020, consistent with our ambition. At December 31, 2020, internet debt stood at €1,334.9 million, down 31.4% year-on-year (vs. €1,945.9 million at December 31, 2019). This represents the bottom stage of economic internet debt for the reason that IPO in 2007. It took under consideration: €66.5 million of internet curiosity paid in FY 2020, decrease than the €82.Three million paid in FY 2019, because of decrease monetary bills. €88.5 million of revenue tax paid within the full yr in comparison with €118.2 million paid in FY 2019, primarily from decrease taxable revenue mixed with decrease tax price.€129.5 million of proceeds from the disposal of Gexpro Companies and the Spanish export enterprise, primarily offset by growing stakes in two subsidiaries (€19.3m)€24.7 million of constructive foreign money results through the yr 2020 (vs a detrimental impact of €26.Four million in FY 2019). At December 31, 2020, the indebtedness ratio1 (Internet monetary debt/ EBITDAaL), as calculated below the Senior Credit score Settlement phrases, stood at 2.14x, decrease than the December 31, 2019 stage of two.47x. RESUMING DIVIDEND DISTRIBUTION WITH A PROPOSAL OF €0.46 PER SHARE, PAYABLE IN CASH Rexel will suggest to shareholders a dividend of €0.46 per share, after having cancelled it final yr because of the pandemic. This represents a payout of 50% of the Group’s recurring internet revenue, consistent with Rexel’s coverage of paying out at the very least 40% of recurring internet revenue. This dividend, payable in money in early Could 2021, might be topic to approval on the Annual Shareholders’ Assembly to be held in Paris on April 22nd, 2021. OUTLOOK FOR 2021 We proceed to function in a difficult surroundings, marked by new well being measures in a number of international locations, together with France. Rexel faces this unsure surroundings with cautious optimism, strengthened by its transformation and confirmed capability to adapt to troublesome market circumstances. Leveraging on our steady efforts, we goal for 2021, at comparable scope of consolidation and change charges*: Similar day gross sales progress of between 5% and sevenpercentAn adjusted Ebita2 margin of circa 5percentFree money circulate conversion3 above 60% * Assuming an enchancment within the sanitary state of affairs as vaccines develop into obtainable. MID-TERM AMBITION Rexel can be unveiling right this moment, at an investor occasion, its up to date strategic roadmap and mid-term ambition. Over the previous 4 years, Rexel has confirmed its capability to structurally outperform the rising and more and more enticing Electrical Distribution market, boosted by demand in Inexperienced power and Power Effectivity. The 2020 pandemic has validated the strategic selections made by Rexel to speculate early and closely in digital and salesforce to construct a really omnichannel mannequin, providing not simply the correct product on the proper time, but additionally tailor-made providers and options to accompany the more and more technological and environmentally-friendly wants of our prospects. Rexel additionally proved its agility and adaptableness to handle brief phrases headwinds, as illustrated by the sturdy discount in working bills carried out over the previous yr, and strong and resilient free money circulate technology throughout the cycle. After main Rexel’s transformation, the corporate’s strengthened and skilled administration crew is totally targeted on driving execution to ship the next targets within the 2021-2023 interval: Development in income: Outperform the market by 50 bps to 100 bps.Enchancment in profitability: Adjusted Ebita margin from round 5% in 2021 to above 6% in 2023 at fixed scope and circa 6.5% together with potential portfolio administration.Enhanced money technology: FCF earlier than Curiosity and Tax conversion price above 60%.Balanced capital allocation: A dividend coverage of at the very least 40% of recurring internet revenue.Normalized capex to gross sales stage of circa 0.9%. Stability sheet optimization: Internet Debt/EBITDAaL ratio1 of round 2.5x, to create worth by seizing market alternatives or growing return to shareholders. ESG targets for 2030 are additionally embedded in Rexel’s ambition: a 35% discount in CO2 emissions of our operations (scope 1&2) and a 45% discount in CO2 emissions from using merchandise offered (scope 3). 1 as calculated below the Senior Credit score Settlement phrases 2 excluding (i) amortization of PPA and (ii) the non-recurring impact associated to modifications in copper-based cable costs. Three FCF Earlier than curiosity and tax/EBITDAaL NB: The estimated impacts per quarter of (i) calendar results by geography, (ii) modifications within the consolidation scope and (iii) foreign money fluctuations (primarily based on assumptions of common charges over the remainder of the yr for the Group’s most important currencies) are detailed in appendix 6. CALENDAR April 22nd, 2021 First-quarter 2021 salesApril 22nd, 2021 Annual Shareholder’ Assembly FINANCIAL INFORMATION The annual monetary report 2020 is out there on the Group’s web site (www.rexel.com), within the “Regulated info” part, and has been filed with the French Autorité des Marchés Financiers. A slideshow of the fourth-quarter gross sales and full-year 2020 outcomes can be obtainable on the Group’s web site. ABOUT REXEL GROUP Rexel, worldwide professional within the multichannel skilled distribution of services and products for the power world, addresses three most important markets – residential, business and industrial. The Group helps its residential, business and industrial prospects by offering a tailor-made and scalable vary of services and products in power administration for building, renovation, manufacturing and upkeep. Rexel operates by way of a community of greater than 1,900 branches in 25 international locations, with greater than 24,000 workers. The Group’s gross sales had been €12.6 billion in 2020. Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It’s included within the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600. Rexel can be a part of the next SRI indices: FTSE4Good, Dow Jones Sustainability Index Europe, Euronext Vigeo Europe 120, STOXX® International ESG Environmental Leaders, 2021 International 100 Index, S&P International Sustainability Yearbook 2021, in recognition of its efficiency when it comes to company social duty (CSR). Rexel is rated A- within the 2020 CDP Local weather Change evaluation and ranked within the 2020 CDP Provider Engagement Leaderboard. For extra info, go to www.rexel.com/en. CONTACTS FINANCIAL ANALYSTS / INVESTORS Ludovic DEBAILLEUX+33 1 42 85 76 12ludovic.debailleux@rexel.com PRESS Brunswick: Thomas KAMM+33 1 53 96 83 92tkamm@brunswickgroup.com GLOSSARY REPORTED EBITA (Earnings Earlier than Curiosity, Taxes and Amortization) is outlined as working revenue earlier than amortization of intangible belongings acknowledged upon buy worth allocation and earlier than different revenue and different bills. ADJUSTED EBITA is outlined as EBITA excluding the estimated non-recurring internet impression from modifications in copper-based cable costs. EBITDA (Earnings Earlier than Curiosity, Taxes, Depreciation and Amortization) is outlined as working revenue earlier than depreciation and amortization and earlier than different revenue and different bills. EBITDAaL is outlined as EBITDA after deduction of lease fee following the adoption of IFRS16. RECURRING NET INCOME is outlined as internet revenue restated for non-recurring copper impact, different bills and revenue, non-recurring monetary bills, internet of tax impact related to the above objects. FREE CASH FLOW is outlined as money from working actions minus internet capital expenditure. NET DEBT is outlined as monetary debt much less money and money equivalents. Internet debt contains debt hedge derivatives For appendices, please open the pdf file by clicking on the hyperlink on the finish of the press launch DISCLAIMER The Group is uncovered to fluctuations in copper costs in reference to its distribution of cable merchandise. Cables accounted for about 15% of the Group’s gross sales and copper accounts for about 60% of the composition of cables. This publicity is oblique since cable costs additionally replicate copper suppliers’ business insurance policies and the aggressive surroundings within the Group’s markets. Adjustments in copper costs have an estimated so-called “recurring” impact and an estimated so known as “non-recurring” impact on the Group’s efficiency assessed as a part of the month-to-month inside reporting strategy of the Rexel Group: i) the recurring impact associated to the change in copper-based cable costs corresponds to the change in worth of the copper half included within the gross sales worth of cables from one interval to a different. This impact primarily pertains to the Group’s gross sales; ii) the non-recurring impact associated to the change in copper-based cable costs corresponds to the impact of copper worth variations on the gross sales worth of cables between the time they’re bought and the time they’re offered, till all such stock has been offered (direct impact on gross revenue). Virtually, the non-recurring impact on gross revenue is decided by evaluating the historic buy worth for copper-based cable and the provider worth efficient on the date of the sale of the cables by the Rexel Group. Moreover, the non-recurring impact on EBITA corresponds to the non-recurring impact on gross revenue, which can be offset, when applicable, by the non-recurring portion of modifications within the distribution and administrative bills. The impression of those two results is assessed for as a lot of the Group’s whole cable gross sales as attainable, over every interval. Group procedures require that entities that shouldn’t have the knowledge techniques able to such exhaustive calculations to estimate these results primarily based on a pattern representing at the very least 70% of the gross sales within the interval. The outcomes are then extrapolated to all cables offered through the interval for that entity. Contemplating the gross sales lined. the Rexel Group considers such estimates of the impression of the 2 results to be cheap. This doc might include statements of future expectations and different forward-looking statements. By their nature, they’re topic to quite a few dangers and uncertainties, together with these described within the Common Registration Doc registered with the French Autorité des Marchés Financiers (AMF) on March 9, 2020 below quantity D.20-0111, and its modification filed with the AMF, on Could 11, 2020 below quantity D. 20-0111-A01. These forward-looking statements will not be ensures of Rexel’s future efficiency, Rexel’s precise outcomes of operations, monetary situation and liquidity in addition to improvement of the business by which Rexel operates might differ materially from these made in or urged by the forward-looking statements contained on this launch. The forward-looking statements contained on this communication converse solely as of the date of this communication and Rexel doesn’t undertake, except required by regulation or regulation, to replace any of the forward-looking statements after this date to evolve such statements to precise outcomes to replicate the incidence of anticipated outcomes or in any other case. The market and business information and forecasts included on this doc had been obtained from inside surveys, estimates, specialists and research, the place applicable, in addition to exterior market analysis, publicly obtainable info and business publications. Rexel, its associates, administrators, officers, advisors and workers haven’t independently verified the accuracy of any such market and business information and forecasts and make no representations or warranties in relation thereto. Such information and forecasts are included herein for info functions solely. This doc contains solely abstract info and have to be learn along with Rexel’s Common Registration Doc registered with the AMF on March 9, 2020 below quantity D.20-0111, its modification filed with the AMF, on Could 11, 2020 below quantity D. 20-0111-A01, in addition to the annual monetary report and exercise report for the 2020 fiscal yr which can be obtained from Rexel’s web site (www.rexel.com). Attachment PR- Full Yr 2020 Outcomes Strategic replace

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