Slide 1: FY 2025: Excellent financial performance
FY 2025 Excellent financial performance Julien Hueber, CEO Vincent Piquet, CFO February 19, 2026 - Paris
Slide 2: Safe Harbour
Safe Harbour This presentation contains forward-looking INVESTOR RELATIONS: statements which are subject to various expected Contact: Audrey Bourgeois or unexpected risks and uncertainties that could Telephone: +33 1 78 15 00 43 have a material impact on the Company’s future performance. Email: audr
Slide 3: Preliminary remarks
Preliminary remarks Vincent Piquet Chief Financial Officer FY 2025 RESULTS | Page 3 Nexans 2026 © All right Reserved
Slide 4: FY 2025 Highlights
S E C T I O N O 1 FY 2025 Highlights FY 2025 RESULTS | Page 4 Nexans 2026 © All right Reserved
Slide 5: Preliminary statement
Preliminary statement In compliance with IFRS 5, the Industry and Solutions Businesses (consisting of Amercable, Lynxeo and Autoelectric) are now classified as discontinued operations in the 2025 consolidated financial statements. Such classification is reflected on both the year 2025 and the compar
Slide 6: FY 2025, strong set of results
FY 2025, strong set of results Excellent financial performance reflecting the strengths of Nexans’ business model GROUP GROUP ROBUST CASH VALUE-CREATING ORGANIC GROWTH ADJUSTED EBITDA GENERATION ACQUISITIONS +8.3% €728m 47.3% FY 2025 vs FY 2024 ADJUSTED EBITDA IN CANADA CASH CONVERSION CLOSED DECEMB
Slide 7: Nexans' model continues to deliver year after year
FY 2025 Nexans’ model continues to deliver year after year ADJUSTED EBITDA (€m) AND FREE CASH FLOW (€m) & ADJUSTED EBITDA MARGIN(1) (%) CASH CONVERSION RATIO (4) (%) ROCE (%) GROUP EXCL. OTHER ACTIVITIES IFRS 5 804 restatement 344 14% 29% 26% 26.0% 27.2% 728 IFRS 5 313 GROUP restatement 599 271 571
Slide 8: Exclusive negotiations for the sale of Autoelectric
Exclusive negotiations for the sale of Autoelectric, last portion of Nexans’ portfolio rotation Nexans becoming a Global Electrification Pure Player TRANSFORMATION c. € 749m INTO A PURE PLAYER CURRENT SALES IN FY 2024 OF ELECTRIFICATION c. 14,000 EMPLOYEES REPRESENTING c. 50% OF NEXANS GROUP Autoele
Slide 9: Value-Creating Acquisitions
Value-Creating Acquisitions Nexans reinforced its presence in key geographies & replicates its model of value creation 2 Acquisitions in 2025 c. € 260 Cumulative full-year sales m acquired Canadian specialist in low-voltage cables c. €125m sales(1) with strong expertise in high added value solutions
Slide 10: 2025 sustainability achievements
2025 sustainability achievements Nexans commitment to Science Based Targets Initiatives SCOPE 3 EMISSIONS UPSTREAM SCIENCE BASED INITIATIVE (SBTi) TARGETS VS 2019 BASE YEAR 2025 -49% PURCHASE OF FREIGHT Scopes 1&2 RAW MATERIALS SCOPE 1 EMISSIONS DIRECT -40% Scope 3 Carbon emissions reduction (in %)
Slide 11: Business Overview
S E C T I O N O 2 Business Overview FY 2025 RESULTS | Page 11 Nexans 2026 © All right Reserved
Slide 12: FY 2025, strong dynamics nurtured by underlying trends on Electrification
FY 2025, strong dynamics nurtured by underlying trends on Electrification Structural improvements of EBITDA thanks to selective approach and quality of execution GROUP GROUP (EXCLUDING OTHER ACTIVITIES) ORGANIC GROWTH ORGANIC GROWTH Q4 2025 FY 2025 Q4 2025 FY 2025 +11.8% +8.3% +18.3% +11.6% Strong o
Slide 13: PWR-Transmission: Exceptionally high level of organic growth in 2025
PWR-Transmission Exceptional level of organic growth in 2025 and quality of execution on projects ORGANIC GROWTH ADJUSTED BACKLOG (€bn) Q4 2025 FY 2025 +4.2% Exceptionally high level of organic +40.0% +29.8% growth in 2025 thanks to full utilization of new capacity installed, and a high 7.7 7.4 inst
Slide 14: PWR-Grid: Strong value creation with high demand for advanced offers
PWR-Grid Strong value creation with high demand for advanced offers ORGANIC GROWTH Organic growth seasonally softer in Q1 and Q4, project Q4 2025 FY 2025 phasing, Accessories business remained very well- oriented +3.5% +5.5% Strong visibility thanks to multiple long-term frame agreement wins STD. SA
Slide 15: PWR-Connect: High performance of our advanced offers
PWR-Connect High performance of our advanced offers within mixed regional dynamics ORGANIC GROWTH 2025 organic growth in line with our mid-term guidelines Q4 2025 FY 2025 Q4 2025 exceptional level of organic growth linked to +10.9% +3.6% customer driven anticipation of delivery of large projects lin
Slide 16: Key Financials
S E C T I O N O 3 Key Financials FY 2025 RESULTS | Page 16 Nexans 2026 © All right Reserved
Slide 17: FY 2025 standard sales bridge
FY 2025 standard sales bridge High organic growth and contributing sales from acquisitions in €m +10.1% +5.1% 6,098 +8.3% (3.3%) 5,537 Organic Scope FX (1) Restated in accordance with IFRS 5, see appendices FY 2024(1) FY 2025 FY 2025 RESULTS | Page 17 Nexans 2026 © All right Reserved
Slide 18: FY 2025 adjusted EBITDA bridge
FY 2025 adjusted EBITDA bridge Increase by +27% year on year, driven by PWR-Transmission and PWR-Grid GROUP – ADJUSTED EBITDA EVOLUTION (€m) +27.3% 47 728 29 41 62 (23) 571 11.9% MARGIN 10.3% MARGIN (1) Restated in accordance with IFRS 5, see appendices PWR-Transmission PWR-Grid PWR-Connect FY 2024
Slide 19: 2025 Excellent financial performance
2025 Excellent financial performance Strong margin expansion, net income from continuing operations increased by +31.1% In €m FY 2024(1) FY 2025 Var % 1 Key variations: SALES AT CURRENT METAL PRICES 6,917 7,810 +12.9% Strong adjusted EBITDA, up 27.3% yoy SALES AT STANDARD METAL PRICES 5,537 6,098 +1
Slide 20: FY 2025 net debt bridge
FY 2025 net debt bridge Solid cash discipline across all business units & high downpayments in PWR-Transmission NET DEBT EVOLUTION (€m) FREE CASH FLOW € 344m CASH CONVERSION RATIO (2) 47% 252 Leverage(1) Leverage(1) (43) 1.19x 0.36x 728 (129) (82) 727 (266) 1 (383) (147) (681) CASH FLOW FROM OPERATI
Slide 21: Sound balance sheet
Sound balance sheet A well-diversified debt structure and no upcoming maturity before 2027 DEBT PROFILE AND MATURITIES AS OF DECEMBER 31, 2025 (€m) Low leverage ratio Cash & Cash Equivalents €1,634m 0.36x FINANCIAL LEVERAGE (2) as of December 31, 2025 800 Undrawn Revolving vs. €1,254m Credit Facilit
Slide 22: Attractive shareholder return
Attractive shareholder return 59% TSR over the past 3 years DIVIDEND/SHARE (€) EVOLUTION +11.5% 2.9 TOTAL SHAREHOLDER RETURN 2.6 Dividend payout AT DECEMBER 31, 2025(3) ratio(2) 2.3 2.1 41.9% in 2025 +59%3-year TSR 1.2 0.7 ≥30% 2028 target +215%6-year TSR – 2019 2020 2021 2022 2023 2024 2025 PROPOSE
Slide 23: 2026 Outlook
S E C T I O N O 4 2026 Outlook FY 2025 RESULTS | Page 23 Nexans 2026 © All right Reserved
Slide 24: 2026 Guidance
2026 Guidance ADJUSTED EBITDA FREE CASH FLOW €730m – €810m €210m – €310m With H1 2026 expected to be softer compared to H2 2026 This guidance does not assume execution of the Great Sea Interconnector project in 2026 and excludes the contribution of not completed acquisitions FY 2025 RESULTS | Page 2
Slide 25: Appendices
Appendices
Slide 26: 2028 guidance
2028 guidance GROUP ORGANIC SALES 2024-2028 CAGR (ELECTRIFICATION) 3-5% ADJ. EBITDA €1,150m (+/- €75M) FCF CONVERSION(1) >45% ROCE >20% DIVIDEND PAYOUT(2) 30% LEVERAGE ≤ 1.0x (1) FCF pre-M&A and equity operations / Adj. EBITDA assuming flat change in WC (2) Share of recurring net income FY 2025 RES
Slide 27: Nexans at a glance
Nexans at a glance A global player of the energy transition ELECTRIFICATION BUSINESSES 2025 OUR €6.1bn PURPOSE STANDARD SALES WE ELECTRIFY THE FUTURE (1) 25,700 PWR-TRANSMISSION PWR-GRID PWR-CONNECT OUR PEOPLE VALUES DEDICATED PIONNEERS UNITED (1) 41 OUR COUNTRIES PROMISE SCALE-UP TO STEP-UP OTHER (
Slide 28: Diversified end-markets and balanced geographic footprint
Diversified end-markets and balanced geographic footprint 16% 53% NORTH AMERICA EUROPE €682m €2,367m 13% 2% OTHERS OTHERS 38% 40% PWR-CONNECT PWR-CONNECT €6.1Bn €728m 2025 2025 STANDARD ADJUSTED SALES EBITDA 22% 27% 28% 30% 10% MIDDLE EAST & 7% PWR-TRANSMISSION PWR-GRID PWR-GRID PWR-TRANSMISSION 14%
Slide 29: Our strategy: Electrifying the future
Our strategy Electrifying the future Distributed Distributed generation generation (Utility scale) (Private) Offshore Onshore wind wind Residential Datacenters Solar Infra- structures Hydro Industrial Centralized Transmission Distribution Usage generation subsea and land Commercial Nuclear Mobility
Slide 30: Shareholder structure
Shareholder structure as of 31 December 2025 Others 7.3%(1) Employees 3.9% Retail Investors & Nominatif Holders 7.5% BPI 5.2% DISTRIBUTION OF Institutional SHARE CAPITAL (%) Investors as of 81.3% 31 DECEMBER 2025 Invexans 9.2% Other Institutional Investors 66.9% (1) Including 0.14% of Treasury share
Slide 31: An ESG scorecard up to 2028 aligned with our strategic priorities
An ESG scorecard up to 2028 aligned with our strategic priorities Significant progress achieved in 2025 Actual Target 2025 2028 Engagement Total Recordable Incident Rate (LTI/MTI)* 9.01 <6.00 Gender diversity in graded positions 29.2% 30.0% NLV Engagement 79.0% ≥78.0% Environment Reduction of GHG em
Slide 32: Nexans ESG Ratings
Nexans ESG Ratings CLIMATE A Ratings go from D- (lowest) to A (highest) WATER A- Nexans’ continuous ESG 78 progress is positioning Ratings go from 0 (lower) to 100 (higher) the Group among the top A performers in Ratings go from CCC (lowest) to AAA (highest) its industry 22.6 Ratings go from 0 (negl
Slide 33: Impact of Scope Changes & Exchange Rates on Standard Sales
Impact of Scope Changes & Exchange Rates on Standard(1) Sales FY 2024 Organic (in millions of euros) Pro Forma Scope Currency FY 2025 & Restated Growth(2) PWR-Transmission 1,287 - (10) 380 1,657 PWR-Grid 1,281 - (31) 69 1,319 PWR-Connect 2,062 283 (77) 72 2,341 Subtotal excl. Other activities 4,630
Slide 34: 2025 Information by segment
2025 Information by segment 2025 QUARTERLY ORGANIC GROWTH(1) BY SEGMENT 2025 STANDARD(2) SALES (in millions of euros) Q1 2025 Q2 2025 H1 2025 Q3 2025 9M 2025 Q4 2025 FY 2025 Q1 2025 Q2 2025 H1 2025 Q3 2025 9M 2025 Q4 2025 FY 2025 PWR-Transmission +21.7% +21.6% +21.7% +33.3% +25.3% +40.0% +29.8% PWR-
Slide 35: 2024 Pro Forma & Restated Reconciliation
2024 Pro Forma & Restated Reconciliation BRIDGE 2024 STANDARD(1) SALES 2024 QUARTERLY STANDARD(1) SALES FY 2024 (in millions of euros) FY 2024 Scope IFRS 5 Pro Forma (in millions of euros) Reported reclass. restatements(2) & Restated Q1 2024 Q2 2024 H1 2024 Q3 2024 9M 2024 Q4 2024 FY 2024 PWR-Transm
Slide 36: EBITDA to adjusted EBITDA
EBITDA to adjusted EBITDA (in millions of euros) FY 2025 FY 2024(1) FY 2023 FY 2022 FY 2021 EBITDA 693 549 612 599 463 EBITDA margin (% of standard sales) 11.4% 9.9% 9.4% 8.9% 7.6% IFRS 2 Share-based payment expenses 38 19 13 16 8 Other specific operating items -3 3 40 - - ADJUSTED EBITDA 728 571 66
Slide 37: Operating margin to recurring net income
Operating margin to recurring net income (in millions of euros) FY 2025 FY 2024* OPERATING MARGIN 439 374 Cost of debt (net) (53) (55) Recurring other financial income and expense restated 19 (51) Income taxes (incl. impact from normalization adjustments) (97) (79) Minority interests (6) (3) RECURRI
Slide 38: Debt Covenants
Balance Sheet As of December 31, 2025 In €m DEC 2025 DEC 2024 GEARING RATIO Fixed assets and other non-currentassets 3,266 3,228 Covenant @120% Net debt Gearing(1) of which: goodwill 680 470 37% Deferred tax assets 81 117 12% 13% NON-CURRENT ASSETS 3,347 3,345 Working capital (539) (303) DEBT COVENA
Slide 39: Glossary
Glossary Adjusted PWR-Transmission backlog: Backlog adjusted for Organic growth: Standard sales growth as a percentage of prior- Sales at current non-ferrous metal prices: Net sales (at secured but not yet implemented Subsea, Land and Special year standard sales. Organic growth is a measure of growt
Slide 40: Financial Calendar and Contact
Financial Calendar and Contact FINANCIAL CALENDAR April 28, 2026: Q1 2026 financial information May 21, 2026: Annual General Meeting May 25, 2026: Dividend – Ex-dividend date May 26, 2026: Dividend – Record date May 27, 2026: Dividend – Payment date July 29, 2026: H1 2026 results October 22, 2026: Q