LEGRAND / 2018 Registration document

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GROUP OVERVIEW LEGRAND AND ITS BUSINESS

The Group’s organizational structure is based on two distinct roles: W on the one hand, sales activities and operational marketing (Front Office), organized by country in order to respond to the specific requirements of each market in terms of relations with distributors, electrical installers, product specifiers and end- users; and W on the other hand, activities linked to strategy, industrial operations (innovation, R&D, manufacturing, purchasing and supply chain), and general administration (Back Office), organized globally. The Group benefits from solid, long term growth drivers. Geographically, close to 85% of its sales were generated abroad in 2018. Around 33%were recorded in the United States, the Group’s first country in terms of sales. As well as deploying its geographical positions and rapidly growing sales of connected products through its Eliot program, macrotrends are offering long-term growth opportunities for the Group and more specifically reflect: W social changes related to growing and ageing populations, urbanization, the increasing desire to reduce energy consumption and the development of new economies; W changes related to end-customer habits, with increasingly mobile lifestyles, rapid growth in e-commerce and rising needs for products that are easy-to-use, connected and ensure the confidentiality of personal data; and W technological changes, particularly related to digital technology with the Internet of Things, driven by growth in wireless data traffic, fiber-optic networks, big data, mobile and tablet apps and artificial intelligence. These evolutions are underpinning the deployment of increasingly rich electrical and digital infrastructure in buildings, and putting Legrand – as a specialist in this area – at the heart of these macrotrends, particularly those relating to the development of the Internet of Things. More generally, Legrand is convinced that new technologies, particularly digital ones, significantly increase the value-in-use of its products and systems. The Group has therefore decided to step up its investments in this field: innovation, especially with the ongoing development and launch of numerous product offerings, including connected products; acquisitions, in particular with the acquisition of Netatmo – marking the acceleration of the Eliot program launched in July 2015 – as well as Shenzhen Clever Electronic and Modulan in 2018; and the signing of a number of technology partnerships with major groups such as Amazon TM , Apple, Google and Microsoft, research centers such as CEA Tech, and startups (in artificial intelligence with Assist Digital and lighting controls with Lumenetix,

specializing in color management in lighting), as well as commercial partnerships (for example, with BNP Paribas Real Estate and Vinci Immobilier, whose pilot residences, launched in France in 2017, are equipped with “Céliane with Netatmo” connected user interfaces). Against this backdrop, Legrand has set itself ambitious targets, such as achieving double-digit average total annual growth in sales of connected products between 2014 and 2020, and doubling the number of its connected product families, from 20 to 40 over the same period. With €635 million of sales from connected products in 2018 – representing average annual total growth of 28% between 2014 and 2018 – and more than 40 families of connected products (1) , Legrand has achieved the 2020 targets of the Eliot program as early as in 2018. R 2.1.1.2 NUMEROUS GROWTH OPPORTUNITIES Driven by social megatrends (growing and ageing populations, urbanization and the desire to reduce energy consumption), megatrends related to end-customer habits (increasingly mobile lifestyles, e-commerce, demand for products that are simple, connected and guarantee the security of personal data) and technological ones (emergence of the Internet of Things, Big Data, wireless and fiber-optic technology), the market for electrical and digital building infrastructure is changing, offering enhanced features and the scope for long-term growth. The Group’s growth, both geographic and in terms of products and distribution channels, is at the heart of the global challenges raised by these megatrends. Strengthening the Group’s presence in the United States Due to its ongoing innovation efforts along with 15 acquisitions in the last 10 years, the United States – which accounted for around 33% of Legrand’s 2018 sales – has been the Group’s number one country in terms of sales since 2015. In particular, Legrand has built solid leading positions in the last few years in audio-video (AV) infrastructure and power with the acquisitions of Milestone in 2017 and Middle Atlantic Products in 2011, in intelligent PDUs with the acquisitions of Server Technology in 2017 and Raritan in 2015, in busways (electric power distribution systems based on metal busbars) for datacenters with the acquisition of Universal Electric in 2019 and in specification-grade lighting for commercial buildings with the acquisitions of Kenall in 2018, Finelite and OCL in 2017 and Pinnacle in 2016. These positions supplement the Group’s historical leading positions in the United States in user interfaces, cable management and high-energy-efficiency lighting control. 2.1.1.2.1 International development (2)

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(1) Includes Netatmo, not consolidated in 2018 sales. (2) For more information relating to data on Legrand’s market and competitive positioning, readers can refer to the note on page 4 of this Registration document.

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LEGRAND

REGISTRATION DOCUMENT 2018