LucyGroup-ARA2024_spreads web ready_FINAL

OUR SOLUTIONS

BUSINESS OVERVIEW STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION

Energy distribution Overview

Our solutions include: • secondary power distribution equipment; • switchgear for connection and control of renewable power; • distribution substations for EV charging networks; • fuses for safe energy delivery; and • smart grid monitoring and control.

Our opportunity Our core low and medium-voltage switchgear market is set to grow at a CAGR of 4.7% to 2032.

Our switchgear and EV charging infrastructure enable the efficient distribution of electricity, with features such as remote switching and monitoring. Our BSI-certified, low-voltage fuses provide electrical safety and protection. Why is it important to us? By connecting renewables to the grid – including solar, wind, hydro and geothermal power – we can help reduce the planet’s carbon footprint and mitigate the impacts of climate change. A diversified energy mix also increases resilience to supply disruptions and price fluctuations. Our business units Lucy Electric, Lucy Zodion and Lawson Fuses. Our intelligent street lighting, EV charging infrastructure and IoT connectivity help deliver information to users, achieve operational efficiencies, and gain energy savings. Why is it important to us? Smart cities provide a framework for integrating sustainable practices into urban environments. Smart technologies and AI – including predictive modelling – enable more efficient monitoring and management of energy consumption, thereby minimising energy waste, cost and carbon emissions. Our business units Lucy Zodion and Flashnet. Smart cities Overview

Read more about Market Overview on pages 14 to 17 .

Our solutions include: • smart city management and control; • street lighting infrastructure; • feeder pillars for EV charging; • big data capture and digitalisation; and • electrical safety and protection.

Our opportunity The global smart street lighting market is projected to grow at a CAGR of 21% to 2028. The number of public EV charging points in the UK alone is expected to rise by over 300% in the next five years.

Read more about Market Overview on pages 14 to 17 .

Sustainable living Overview

Our solutions include: • property development: ecological and energy-efficient homes; • eco-friendly rental properties for sustainable living.

Our opportunity The UK’s Labour government aims to build 1.5 million homes in the next five years, while the UK green building market is forecast to grow at a CAGR of 11% to 2033.

Our residential property development, investment, and lettings and management business focuses on the Oxford area, which was named as England’s greenest city in the ENDS Report in 2023. Our properties incorporate multiple features that support sustainable living. Why is it important to us? Housing represents 17% of the UK’s total carbon emissions. To preserve the environment, every household needs to play its part. Our developments include the use of solar power, heat pumps, EV chargers, biodiversity features and ecological materials. Our business units Lucy Real Estate.

Read more about Market Overview on pages 14 to 17 .

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Lucy Group Ltd Annual Report & Accounts 2024

LUCYGROUP.COM

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