LucyGroup-ARA2024_spreads web ready_FINAL

OUR BUSINESS MODEL

BUSINESS OVERVIEW STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION

We create value by leveraging our key relationships, global positioning and innovative approach to deliver products that are both sustainable and fit for purpose.

1 We use our key resources Our people We take measures to attract, retain and develop the best talent at all levels and across all disciplines.

Our expertise We focus on continuous improvement, through product development, value engineering and acquisitions.

Our relationships We take pride in our great

Our infrastructure We prioritise capital investment, which ensures that our worldwide manufacturing operations can meet market demand.

Our financial rigour We take a prudent approach to growth, with a solid balance sheet underpinned by our control framework and gearing.

Our responsible approach Sustainability is embedded in our business, in both what we offer our customers and how we manage our operations.

relationships with customers and other stakeholders, which are built on trust and proven track record.

2 and apply our Group strategic priorities and core values… Our Group strategic priorities

3 to enable our business units…

4 to focus on our areas of expertise...

5 and create innovative products and services...

6 that fulfil our purpose... To improve people’s lives with intelligent power,

7 and unlock value for our stakeholders. Consumers Reliable solutions that ‘keep the lights on’ and enhance sustainable living. Customers Advanced, well-supported products that can be relied upon for longevity and a reduced carbon footprint. Employees Fulfilling, meaningful careers where people are actively engaged and rewarded for delivering value. Shareholders An ethical investment, providing a growing dividend return over the long term, while also furthering the sustainability agenda. Communities Social consciousness and investment in, and active support for, the local communities we operate in around the world. Environment Products and operations that promote the health of the planet, mitigating climate change and promoting biodiversity. Government Products and services that support government schemes and regulations to proliferate renewable energy and raise appropriate taxes. Suppliers Long-term, strategic partnerships and contracts that allow investment for the future and shared value creation.

smart lighting and sustainable homes.

High performing businesses in diverse industries

Customers at the centre of everything we do

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Engagement and development of our people

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Sustainable solutions and communities

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• Electrical switchgear • Intelligent street lighting • EV charging products • IoT connectivity and control • Electrical safety fuses • Property for rental and purchase

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Excellence through innovation to differentiate and lead

Our values

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Caring

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For more information see:

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Our products and services: pages 06 to 09. Our infrastructure: page 10 Our purpose and values: page 11 Our strategy: pages 28 to 29. Our expertise: pages 08 to 09. Our financial rigour: pages 46 to 48. Our responsible approach: pages 56 to 65. Our people: pages 63 to 65. Our relationships: pages 78 to 79.

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Working together

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Daring to differentiate

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Lucy Group Ltd Annual Report & Accounts 2024

LUCYGROUP.COM

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