Nexans Sa · EURONEXT:NEX
Nexans Sa — Shareholder Meeting (May 2025)
111 slides from Nexans Sa's shareholder meeting presentation, May 15, 2025
Slide 1: Nexans - Electrify the Future
Slide 2: Annual Shareholders' Meeting May 15, 2025
Annual Shareholders' Meeting May 15, 2025
Slide 3: Contents
Contents 01 2024 CAPITAL MARKETS DAY OVERVIEW Christopher Guérin, CEO 06 MOBIWAY POP: A REVOLUTION IN THE ELECTRICIAN'S TRADE Christophe Demule, Innovation Solution Director PWR-Connect CLIMATE ROADMAP UPDATE AND 02 2024 HIGHLIGHTS Christopher Guérin, CEO 07 INITIATIVES TO DATE Marc Grynberg, Climat
Slide 4: 2024 Capital Markets Day Overview
Christopher GUERIN CEO 2024 CAPITAL MARKETS DAY 01 OVERVIEW 2025 Annual Shareholders' Meeting 4
Slide 5: Sparking electrification with tech solutions
Sparking electrification with tech solutions 2025 Annual Shareholders' Meeting 5
Slide 6: aujourd'hui.
aujourd'hui.
Slide 7: Accelerating the sustainable revolution
Accelerating the sustainable revolution 2025 Annual Shareholders' Meeting 7
Slide 8: We are at a unique moment in the history of electricity
We are at a unique moment in the history of electricity MATURE (1890-1910) (1950-1970) (2020-2040) ECONOMIES FIRST ELECTRIC REVOLUTION SECOND ELECTRIC REVOLUTION THIRD ELECTRIC REVOLUTION ‒ TRANSITION TO RENEWABLE ENERGIES ‒ RENEWAL OF ELECTRICITY GRIDS ‒ ELECTRIFICATION OF OUR DAILY LIVES 1880 1890
Slide 9: Electrification is expected to accelerate across all end-segments
Electrification is expected to accelerate across all end-segments PWR-TRANSMISSION PWR-GRID PWR-CONNECT Cables and systems market (€bn) and 2023-2028 CAGR (%) +5% p.a. +7% p.a. €94 billion +10% p.a. €37 billion €74 billion €26 billion €26 billion €16 billion 2023 2028E 2023 2028E 2023 2028E NEW DEMA
Slide 10: Megatrends driving long-term demand across our markets
5 megatrends driving long-term demand across our markets ~ 50% OF THE WORLD’S 500 BIGGEST COMPANIES ARE PUTTING A PRICE ON CARBON WITHIN THE NEXT TWO YEARS AINABILITY SUST N A IO IR ~ 86% +85% AT EV FIC OL OF CARS WILL BE ELECTRIC BY 2050 IN GLOBAL INSTALLED DATA CENTER TRI UTI CAPACITY (2023-28 IN
Slide 11: Mega risks amplifying the impact of megatrends
4 mega risks amplifying the impact of megatrends REN GRID EW ING CO AB ×6 G M >55% LE EXI A LONGER POWER INTERRUPTION IN OF RENEWABLE ENERGY IN EU MIX PL S- TY TAINABILITY SUS LLY EMERGING MARKETS VS. MATURE BY 2030 DR AI ON R IVEN GLOBA TI EV ICA OL RIF UTIO ELECT N T IO T H IZ A R O W EN E N LAB S
Slide 12: Strategic shifts to address
5 strategic shifts to address +60% INCREASE IN AVERAGE YEARLY CAPEX BY UTILITIES IN EUROPE (2020–2030) PPLY SHORTAG SU E M AR ON K TI A ET D REN ~ 10% GRI IZ EW 90% AL CO NG CO A GI TIC NS OF GLOBAL ELECTRICITY TO BE M REDUCTION IN THE SUPPLIER BASES OF BL LEX ER A ES ITY CONSUMED BY DATA CENTERS BY
Slide 13: Prosperity reborn
Prosperity reborn 2025 Annual Shareholders' Meeting 13
Slide 14: Three chapters to build the Global Electrification Pure Player
Three chapters to build the Global Electrification Pure Player 2024-2028 2021-2024 2019-2021 VALUE CREATION AMPLIFY RESTRUCTURE SIMPLIFY the profitable growth the Nexans performance model towards Electrification momentum of Electrification 2025 Annual Shareholders' Meeting 14
Slide 15: Scaling new heights, profitable growth
Scaling new heights Profitable growth 2025 Annual Shareholders' Meeting 15
Slide 16: Accelerating our path to Electrification
Accelerating our path to Electrification Nexans' new strategic roadmap OUTSIZED PROFITABLE NEW TECH NEW MARKET GROWTH RUNWAY SOLUTIONS SEGMENTS AMPLIFIED BY ARTIFICIAL INTELLIGENCE 2025 Annual Shareholders' Meeting 16
Slide 17: Growth strategy by segment
Accelerating our path to Electrification Growth strategy by segment PWR-TRANSMISSION PWR-GRID PWR-CONNECT Execute record and high-quality Capitalize on extended capacities and Enhance commercial recognition backlog capabilities Strengthen our position in four end-markets Leverage early investment in
Slide 18: Key pillars for a winning strategy
Key pillars for a winning strategy WE HAVE THE BEST WE HAVE THE RIGHT WE HAVE THE RIGHT POSITIONING ASSETS SOLUTIONS 3 GROWING MARKETS EARLY BIRD INVESTMENTS END-TO-END SOLUTIONS 2x above global GDP growth in manufacturing capacity in the right Sales of accessories and services related geographies t
Slide 19: 2024 Highlights
Christopher GUERIN CEO 2024 HIGHLIGHTS 02 2025 Annual Shareholders’ Meeting 19
Slide 20: 2024 Highlights: New locations and extensions
2024 Highlights New locations and extensions Extension of the Halden plant (Norway) Acquisition of La Triveneta Cavi (Italy) 2025 Annual Shareholders’ Meeting 20
Slide 21: 2024 Highlights: Main contracts
2024 Highlights Main contracts Connection of Gotland island East Anglia TWO wind farm in Sweden (southern North Sea) 2025 Annual Shareholders’ Meeting 21
Slide 22: 2024 Highlights: Innovative product launches
2024 Highlights Innovative product launches CABLELOOP MOBIWAY POP ULTRACKER 2025 Annual Shareholders’ Meeting 22
Slide 23: Increasing visibility and recognition
Increasing visibility and recognition +116.34% in 2024 (vs. 2023) E3: a model that is Impressive increase Greater influence proving its worth in press coverage 2025 Annual Shareholders’ Meeting 23
Slide 24: Slide 24
Slide 25: 2024 Financial Results
Jean-Christophe JUILLARD Deputy CEO & CFO 2024 FINANCIAL 03 RESULTS 2025 Annual Shareholders' Meeting 25
Slide 26: 2024 achievements: Outperforming Capital Markets Day and 2024 targets
2024 achievements Outperforming Capital Markets Day and 2024 targets OBJECTIVES 2024 TARGETS 2024 PERFORMANCE ADJUSTED EBITDA TARGET EXCEEDED €750M to €800M €804M (€670M to €730M previously) TARGET ACHIEVED ADJ. EBITDA MARGIN 10-12% 11.4% NORMALIZED FREE €454M TARGET EXCEEDED €275M to €375M CASH FLO
Slide 27: Strong financial performance
Strong financial performance Consistently exceeding our commitments REPORTED EBITDA (€M) AND NORMALIZED FREE CASH FLOW (€M), EBITDA MARGIN (%) FREE CASH FLOW (€M) AND NCCR (%) ROCE (%) NCCR 108% 49% 64% 68% 56% ELECTRIFICATION 14% 22% 29% 26% 26% +74% +100% 454 454 804 393 GROUP 376 665 Normalized 5
Slide 28: Strong organic growth in Q4 2024: +8.3%
Strong organic growth in Q4 2024: +8.3% High contribution from Electrification businesses GROUP ELECTRIFICATION NON-ELECTRIFICATION OTHER ACTIVITIES (INDUSTRY & SOLUTIONS) (MAINLY METALLURGY) ORGANIC GROWTH(1) (%) +5.1% +13.0% -2.5% -14.4% STANDARD SALES 3,736 4,604 1,750 1,701 1,026 774 (€M) 7,078
Slide 29: Electrification further increased its contribution
Electrification further increased its contribution 2024 proves the strength of Nexans’ Pure Player strategy 2020-2024 ELECTRIFICATION EVOLUTION 2024 PERFORMANCE REPORTED EBITDA (€M) AND EBITDA MARGIN (%) EBITDA MARGIN (%) NCCR (%) +76% 595 13% 73% 468 467 11% 56% 338 13% 240 13% 12% 10% 8% 2020 2021
Slide 30: PWR-Transmission
PWR-Transmission Sales and adj. EBITDA growth driven by capacity expansion and strong order intake momentum HALDEN SITE PWR-TRANSMISSION Capacity expansion ADJUSTED BACKLOG (€BN) completed early 2024 +50% +21% (1) DEVELOPMENTS Revolution Wind: successful 7.4 +72% installation campaign 1,287 IMR work
Slide 31: PWR-Transmission: Record adjusted backlog
PWR-Transmission Record adjusted backlog providing multi-year visibility €7.4Bn 8% 15% 4% Adjusted backlog Others (land & Others USA special telecom) ~90% of top line secured for 2024-2028 sequence by Market by Customer by Region >90% 92% 85% 96% Charleston and Halden Subsea (interconnection TSOs Re
Slide 32: PWR-Grid
PWR-Grid Strong performance driven by strategic mix and profitable growth INNOVATION POSITIVE DEMAND FROM PRODUCTS TO SOLUTIONS Robust market conditions Strong Q4 (+8% organic growth) Launch of INFRACHECK +3% (1) A digital app to check +9% RECORD PROFITABILITY the conformity of installations and tra
Slide 33: PWR-Connect
PWR-Connect Record adj. EBITDA highlighting strategic focus and innovation BY GEOGRAPHY INNOVATION FROM PRODUCTS TO SOLUTIONS Europe: lower demand in some residential markets, sustained momentum in commercial Launch of and infrastructure segments MOBIWAY POP smart Near East & Africa and South Americ
Slide 34: Solid balance sheet maintained
Solid balance sheet maintained Continued discipline on the leverage ratio STRONG CASH-FLOW FROM OPERATIONS €670m ALLOCATION IN 2024 0,90 0.85x 0,80 €1.3bn Strategic capex 0,70 CASH ON BALANCE SHEET €121m 0,60 0,50 0,40 0.32x 0.30x 681 Acquisitions €532m 0,30 (La Triveneta Cavi) 0,20 0.16x 0,10 182 2
Slide 35: Attractive shareholder return
Attractive shareholder return 97% TSR over the past 4 years DIVIDEND/SHARE (€) +117% TOTAL SHAREHOLDER RETURN 2.6 AT DECEMBER 31, 2024(3) Dividend payout 2.3 ratio(2) 2.1 35% in 2024 +97% 4-year TSR 1.2 0.7 >20% 2021-2024 target +390% 6-year TSR – 2019 2020 2021 202 2023 2024 2 PROPOSED DIVIDEND(1)
Slide 36: 2025 Guidance
2025 Guidance €770M – €850M €225M – €325M ADJUSTED EBITDA FREE CASH FLOW Excluding future changes of scope
Slide 37: First Quarter 2025 Sales
Jean-Christophe JUILLARD Deputy CEO & CFO FIRST QUARTER 2025 SALES 04 37
Slide 38: Q1 2025 Main highlights
Q1 2025 Main highlights GROUP ORGANIC ELECTRIFICATION ORGANIC TRANSMISSION SUCCESSFUL GROWTH GROWTH BACKLOG INTEGRATION LA TRIVENETA +4.1% +6.8% €8.1bn CAVI (Q1 2025 vs Q1 2024) (Q1 2025 vs Q1 2024) RECORD ADJUSTED BACKLOG DELIVERING EXPECTED SYNERGIES MAJOR STEP IN THE €1,815M €1,221M PORTFOLIO ROT
Slide 39: Q1 2025 Group organic growth at +4.1%
Q1 2025 Group organic growth at +4.1% Strong performance of Electrification businesses at +6.8% GROUP ELECTRIFICATION BUSINESSES OTHER ACTIVITIES NON-ELECTRIFICATION (MAINLY METALLURGY) (INDUSTRY & SOLUTIONS) ORGANIC GROWTH +4.1% +6.8% +5.7% -4.1% REVENUE (€M) REVENUE (€M) REVENUE (€M) REVENUE (€M)
Slide 40: Focus on our PWR-Grid Market Division
Elyette ROUX Executive VP PWR-Grid & Accessories FOCUS ON OUR PWR-GRID MARKET DIVISION 05 2025 Annual Shareholders’ Meeting 40
Slide 41: Client Perspective
CLIENT PERSPECTIVE With Guillaume Lefevre Procurement coordinator 2025 Annual Shareholders’ Meeting 41
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Slide 43: Acceleration of grid obsolescence
Acceleration of grid obsolescence Modernization is urgently needed to face tomorrow’s challenges Obsolescence and blackouts Climate change Over 40 12x LONGER OUTAGE DURATION YEARS OLD AVERAGE INDUCED BY WEATHER US AND EU GRIDS EVENTS 80M km of power lines to be added or +80% replaced by 2040 INCREAS
Slide 44: Urgent need to modernize the power grid will drive significant demand
Urgent need to modernize the power grid will drive significant demand 3 growth segments Total spending on grids cables globally (€bn) CAPEX from the 3 major 23-28 2× European DSOs €37bn CAGR +7% 18 +6% Investments in EV, data center and 2× gigafactory projects 13 +7% 6 +13% Investments in renewables
Slide 45: We tailor solutions for each critical market
We tailor solutions for each critical market to tackle power grid complexity From a commodity plan (Distribution) To specialty plays: PWR-GRID DSO IN MATURE DSO IN EMERGING RENEWABLES DISTRIBUTION MARKETS MARKETS STANDARD PRODUCTS TECH SOLUTIONS VOLUME AND COST-DRIVEN APPROACH TAILORED APPROACH DIFF
Slide 46: We address market challenges with distinctive technologies
We address market challenges with distinctive technologies Market challenges PROCUREMENT AND TALENT FROM PRODUCTS TO SOLUTIONS CRITICAL INFRASTRUCTURE ACCELERATED NETWORK DEPLOYMENT TECHNOLOGICAL ADVANCES AND OPTIMISATION END-TO-END SOLUTIONS AND PROJECT OF OVERALL COSTS RISK MANAGEMENT SHORTAGE OF
Slide 47: Proven connected solutions, designed with user centricity
Proven connected solutions, designed with user centricity and built for reliability Cold-shrink Joint Easy (CSJ Easy ) Infracheck (iOS, Android) 3-IN-1 SOLUTION COMPACT, SECURE, AND SIMPLIFIED DESIGN AND CONNECTION ENGINEERED FOR EFFICIENCY ERGONOMICS SERVING CUSTOMER NEEDS WITH INTUITIVE & SMART AP
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Slide 49: We revolutionize the grid with Customer Experience, Lifecycle solutions and Technology stack
We revolutionize the grid with Customer Experience, Lifecycle solutions and Technology stack TECHNOLOGY AND DIGITAL Smart accessories: 40% LIFE CYCLE SOLUTIONS OF REVENUE WILL smart connectors, smart adapters, smart cable guard SHIFT TO ADVANCED OFFERS Low carbon cable and ADVANCED CUSTOMER EXPERIEN
Slide 50: Digital & AI services to anticipate and minimize grids risks
Digital & AI services to anticipate and minimize grids risks NEXANS GRID RESILIENCY SOLUTIONS BOTTLENECKS MANAGEMENT DECREASED OUTAGES & RISKS OPTIMIZED MAINTENANCE STRATEGIES FOR ASSETS AT RISK 2025 Annual Shareholders’ Meeting 50
Slide 51: Mobiway Pop: Revolutionizing the electrician's trade
Christophe DEMULE Innovation Solution Director PWR-Connect MOBIWAY POP Revolutionizing the 05 electrician's trade 2025 Annual Shareholders’ Meeting 51
Slide 52: The story of Mobiway Pop
The story of Mobiway Pop Starting point A pain point for electricians Question How can we make cable-pulling easier? Solution Shifting from a product focus to a client focus
Slide 53: Electricians: our best ambassadors
Electricians: our best ambassadors 52,000 SOCIAL MEDIA IMPRESSIONS 2025 Annual Shareholders’ Meeting 53
Slide 54: Pouvoir rembobiner
POUVOIR REMBOBINER
Slide 55: Climate roadmap update and initiatives to date
Marc GRYNBERG Climate Director Climate roadmap update and initiatives to date 07 2025 Annual Shareholders’ Meeting 55
Slide 56: Climate Roadmap
Climate Roadmap Commitments and workstreams - 2024 progress 2023 2023 Shareholders' CSRD - interim Climate Climate BoD URD Meeting work Day session 2024 ROADMAP TCFD & Circular ESG rating Climate BoD CSRD - EoY Biodiversity economy agencies session work • 10 meetings with Management • Monitor the de
Slide 57: Nexans' carbon reduction commitments by 2050
Nexans’ carbon reduction commitments by 2050 Targets approved by the SBTi SCIENCE BASED INITIATIVE (SBTi) TARGETS VS 2019 BASE YEAR SCOPE 3 U P S T RE A M E MI S SI O N S PURCHASE OF RAW FREIGHT MATERIALS -22% -30% SCOPE 1 Reduction in GHG emissions (%) DIRECT APPROVED E MI S SI O N S INDUSTRIAL OPE
Slide 58: GHG emissions reduction ahead of SBTi targets
GHG emissions reduction ahead of SBTi targets GHG EMISSIONS REDUCTION DRIVERS OUTPERFORMING TARGETS Good performance and progress to date occurs in stage and cannot be extrapolated linearly to the year 2030 SCOPE 1 & 2: ➢ Energy efficiency upgrades in Canada -4% -13% -8% ➢ Sustainable Transport in E
Slide 59: Climate Director: 2025 commitments and workstreams
Climate Director 2025 commitments and workstreams 2024 Governance Shareholders' BoD joint BoD joint URD work roadshow meeting session session 2025 ROADMAP Climate BoD Board training - Decarbonization CSRD - interim CSRD – EoY session Circular Economy Roadmap Update work work CSRD – 1st report SBTi Y
Slide 60: ESG Ratings
ESG Ratings Turning our Commitments into Action Robust performance acknowledged by Non-Financial Performance Agencies OUR COMMITMENTS MAIN ACTUAL NON-FINANCIAL RATINGS A- 77 A 23 78 2025 Annual Shareholders’ Meeting 60
Slide 61: Corporate governance and compensation
Anne LEBEL Lead Independent Director, Chair of the Appointments and Corporate Governance Committee and of the Compensation Committee Corporate governance and 08 compensation 2025 Annual Shareholders’ Meeting 61
Slide 62: Proposed composition of the Board of Directors
Proposed composition of the Board of Directors RESOLUTION 4 JEAN MOUTON ANNE LEBEL JANE BASSON LAURA BERNARDELLI MARC GRYNBERG 13 MEMBERS (54% women, 46% men) Independent Chair Lead Independent Director Independent Director Independent Director Independent Director Climate Director 3 10 3 DIRECTORS
Slide 63: 4 active Board Committees
4 active Board Committees STRATEGY & ACCOUNTS, AUDIT APPOINTMENTS & SUSTAINABLE COMPENSATION AND RISK CORPORATE GOVERNANCE DEVELOPMENT COMMITTEE COMMITTEE COMMITTEE COMMITTEE Chair Laura Bernardelli Oscar Hasbún Anne Lebel Anne Lebel Members 4 6 5 6 (including 1 employee) Independent 75% 34% 60% 60%
Slide 64: Candidates to join the Board of Directors
Candidates to join the Board of Directors Directors Resolutions 4 and 5 Renewal Renewal Director proposed by Invexans Independent Director Limited Marc Grynberg Francisco Perez Mackenna • Director responsible for monitoring climate • 100% attendance at Board meetings • Chief Executive Officer of Qui
Slide 65: Candidates to join the Board of Directors
Candidates to join the Board of Directors Directors Resolutions 6 and A Recommended by the Board Gwénaël Gilbert Bruno Daguet • Candidate recommended by the Board of Directors • Vice-President Industrial Operations and Engineering • Vice-President PWR-Grid & Connect Brazil, CEO of Nexans Brazil • 34
Slide 66: Gwénaël Gilbert
Gwéenaél GILBERT Vice President of PWR-Grid & Connect Brazil and General Manager of Nexans Brazil Hello, my namevis'Gwenael Gilbert. | graduated as an enginoeyfiom 4 the Ecole Centrale de Lille, E a rae) * 5}
Slide 67: Bruno Daguet, Vice-President Industrial Operations & Engineering
Vice-Président Industrial Operations & Engineering at Nexans Hello, my name is aguet. I'm 57 years old! and | have spentimy) ’ career at Nexans.
Slide 68: Corporate governance and compensation
Corporate governance and compensation Directors Resolution 7 ITEMS PAID IN FISCAL YEAR 2024 OR GRANTED IN 2024 COMPENSATION RESPECT OF FISCAL YEAR 2024 TO BOARD MEMBERS OF BOARD MEMBERS AND AND CORPORATE OFFICERS CORPORATE OFFICERS Chair of the Board of Directors RESOLUTION 8 Comprehensive presentat
Slide 69: 2024 compensation of Jean Mouton, Chairman
Corporate governance and compensation Directors Resolution 8 2024 COMPENSATION OF JEAN MOUTON, CHAIRMAN OF THE BOARD OF DIRECTORS Reminder ITEMS PAID IN FISCAL YEAR 2024 The Chairman of the Board of Directors does not receive any short-term or long-term variable OR GRANTED IN RESPECT OF FISCAL YEAR
Slide 70: 2024 compensation of Christopher Guérin, CEO
Corporate governance and compensation Directors Resolution 9 2024 COMPENSATION OF CHRISTOPHER GUÉRIN, CHIEF EXECUTIVE OFFICER Reminder ITEMS PAID IN FISCAL YEAR 2024 OR GRANTED IN Defined-contribution supplementary pension plan: RESPECT OF FISCAL YEAR 2024 TO CHRISTOPHER €380,000 GUÉRIN, CHIEF EXECU
Slide 71: 2025 compensation policy for directors and the Chair
Corporate governance and compensation Directors Resolutions 10 & 11 2025 COMPENSATION POLICY FOR DIRECTORS AND THE CHAIR OF THE BOARD OF DIRECTORS Comprehensive presentation of compensation policy in the Universal Registration Document (p. 252 to 266) ANNUAL COMPENSATION COMPENSATION FOR THE CHAIR F
Slide 72: 2025 compensation for the Chief Executive Officer
Corporate governance and compensation Directors Resolution 12 COMPENSATION POLICY 2025 COMPENSATION FOR THE FOR 2025 AND 2026 CHIEF EXECUTIVE OFFICER FIXED COMPENSATION €950,000 No performance condition ANNUAL VARIABLE Target €950,000 100% of fixed compensation COMPENSATION Maximum €1,425,000 Up to
Slide 73: Employee shareholding
Corporate governance and compensation Directors Resolutions 22 and 23 EMPLOYEE SHAREHOLDING EMPLOYEE SHAREHOLDING PLAN Associating Nexans' employees with the Group's success and future value creation 3.2% SHARE CAPITAL HELD BY EMPLOYEES Uniting all employees around the company's long-term electrific
Slide 74: Long-term compensation policy
Corporate governance and compensation Directors Resolutions 24 and 25 LONG-TERM COMPENSATION POLICY RESOLUTION 24: 2026 PERFORMANCE RESOLUTION 25: SHARES 2026 FREE SHARES Number of shares to be granted to Group’s senior managers Number of shares to be granted to high-potential employees or those inc
Slide 75: Reports of the statutory auditors
Juliette DECOUX-GUILLEMOT Forvis Mazars Reports of the statutory 09 auditors 2025 Annual Shareholders’ Meeting 75
Slide 76: Reports of the statutory auditors
Reports of the statutory auditors 4 REPORTS FOR THE ORDINARY 6 REPORTS FOR THE EXTRAORDINARY SHAREHOLDERS' MEETING SHAREHOLDERS’ MEETING Report on the consolidated financial statements Report on the capital reduction (pages 335 to 338 of the Universal Registration Document) (resolution 15) Report on
Slide 77: Reports on the 2024 consolidated financial statements
Reports of the statutory auditors ON THE 2024 CONSOLIDATED FINANCIAL STATEMENTS We certify that the consolidated financial statements, with regard to the IFRS framework as adopted in the European Union, are accurate and truthful and give a fair view of the results of operations, the financial positi
Slide 78: Reports on the 2024 corporate financial statements
Reports of the statutory auditors ON THE 2024 CORPORATE FINANCIAL STATEMENTS We certify that the annual financial statements, prepared in accordance with French accounting principles and standards, are true and fair and present a faithful representation of the results of operations for the past fina
Slide 79: Reports on related-party agreements
Reports of the statutory auditors ON RELATED-PARTY AGREEMENTS Agreement submitted for ratification at the Shareholders' Meeting (resolution 13) Agreement authorized and executed during fiscal year 2024: Financing agreement signed between a Company's subsidiary and Bpifrance as part of the France 203
Slide 80: Report on certification of sustainability information
Reports of the statutory auditors ON THE CERTIFICATION OF THE SUSTAINABILITY INFORMATION Compliance with the ESRS of the process Compliance of the sustainability 01 implemented by Nexans to determine the information reported 02 information included in the Sustainability Statement 03 Compliance with
Slide 81: Reports for the Extraordinary Shareholders' Meeting
Reports of the statutory auditors 6 REPORTS ISSUED FOR THE EXTRAORDINARY SHAREHOLDERS’ MEETING Report on the capital reduction Reports on authorizations for the international employee (resolution 15) shareholding plan (resolutions 22 and 23) Report on authorizations to increase the share capital Rep
Slide 82: Questions and Answers
QUESTIONS AND ANSWERS 2025 Annual Shareholders’ Meeting 82
Slide 83: Presentation of resolutions and vote
Nino CUSIMANO Secretary General and Group General Counsel Presentation of resolutions and 09 vote 2025 Annual Shareholders’ Meeting 83
Slide 84: Resolution 1: Approval of 2024 corporate financial statements
Resolution #01 Approval of the 2024 corporate financial statements - management report 2025 Annual Shareholders’ Meeting 84
Slide 85: Resolution 2: Approval of 2024 consolidated financial statements
Resolution #02 Approval of the 2024 consolidated financial statements 2025 Annual Shareholders’ Meeting 85
Slide 86: Resolution 3: Allocation of income and dividend
Resolution #03 Allocation of income for 2024 fiscal year and setting of the dividend 2025 Annual Shareholders’ Meeting 86
Slide 87: Resolution 4: Renewal of Marc Grynberg as Director
Resolution #04 Renewal of the term of office of Marc Grynberg as Director 2025 Annual Shareholders’ Meeting 87
Slide 88: Resolution 5: Renewal of Francisco Perez Mackenna as Director
Resolution #05 Renewal of the term of office of Francisco Perez Mackenna as Director 2025 Annual Shareholders’ Meeting 88
Slide 89: Resolution 6: Appointment of Gwénaël Gilbert as Director
Resolution #06 Appointment of Gwénaël Gilbert as Director representing employee shareholders 2025 Annual Shareholders’ Meeting 89
Slide 90: Resolution A: Appointment of Bruno Daguet as Director
Resolution #A Appointment of Bruno Daguet as Director representing employee shareholders 2025 Annual Shareholders’ Meeting 90
Slide 91: Resolution 7: Approval of compensation information
Resolution #07 Approval of the information relating to the compensation items paid during the fiscal year ended on December 31, 2024, or granted for the same fiscal year to Nexans corporate officers 2025 Annual Shareholders’ Meeting 91
Slide 92: Resolution 8: Compensation of Jean Mouton, Chairman
Resolution #08 Approval of the items of compensation paid during the fiscal year ended on December 31, 2024, or granted for the same fiscal year to Jean Mouton, Chairman of the Board of Directors 2025 Annual Shareholders’ Meeting 92
Slide 93: Resolution 9: Compensation of Christopher Guérin, CEO
Resolution #09 Approval of the items of compensation paid during the fiscal year ended on December 31, 2024, or granted for the same fiscal year to Christopher Guérin, Chief Executive Officer 2025 Annual Shareholders’ Meeting 93
Slide 94: Resolution 10: Compensation policy for Board members
Resolution #10 Approval of the compensation policy of the members of the Board of Directors for the fiscal year 2025 2025 Annual Shareholders’ Meeting 94
Slide 95: Resolution 11: Compensation policy for the Chairman
Resolution #11 Approval of the compensation policy of the Chairman of the Board of Directors for the fiscal year 2025 2025 Annual Shareholders’ Meeting 95
Slide 96: Resolution 12: Compensation policy for the CEO
Resolution #12 Approval of the compensation policy of the Chief Executive Officer for the fiscal year 2025 2025 Annual Shareholders’ Meeting 96
Slide 97: Resolution 13: Regulated agreement with Bpifrance Participations
Resolution #13 Approval of a regulated agreement between a Company's subsidiary and Bpifrance Participations 2025 Annual Shareholders’ Meeting 97
Slide 98: Resolution 14: Authorization for transactions in Company shares
Resolution #14 Authorization to be granted to the Board of Directors for the purpose of carrying out transactions involving Company's shares 2025 Annual Shareholders’ Meeting 98
Slide 99: Resolution 15: Capital reduction by cancellation of shares
Resolution #15 Authorization to be granted to the Board of Directors for the purpose of reducing the Company's share capital by cancellation of its own shares 2025 Annual Shareholders’ Meeting 99
Slide 100: Resolution 16: Capital increase with preferential subscription rights
Resolution #16 Delegation of authority to the Board of Directors for the purpose of deciding to increase the share capital with shareholders’ preferential subscription rights Maximum €14 million Duration 26 months amount 2025 Annual Shareholders’ Meeting 100
Slide 101: Resolution 17: Capital increase via capitalization of reserves
Resolution #17 Delegation of authority to the Board of Directors for the purpose of deciding to increase the share capital via the capitalization of premiums, reserves, profits or other amounts Maximum €14 million Duration 26 months amount 2025 Annual Shareholders’ Meeting 101
Slide 102: Resolution 18: Public offering without preferential rights
Resolution #18 Delegation of authority to the Board of Directors for the purpose of deciding to issue - without shareholders’ preferential subscription rights - ordinary Company shares and other securities via a public offering (excluding offers referred to in Article L. 411-2(1) of the French Monet
Slide 103: Resolution 19: Offering under Article L. 411-2(1)
Resolution #19 Delegation of authority to the Board of Directors for the purpose of deciding to issue - without shareholders’ preferential subscription rights - ordinary Company shares and other securities via a public offering pursuant to Article L. 411-2(1) of the French Monetary and Financial Cod
Slide 104: Resolution 20: Increase in securities issued, up to 15%
Resolution #20 Delegation of authority to the Board of Directors for the purpose of deciding to increase the number of securities to be issued in the event of a share capital increase with or without shareholders’ preferential subscription rights, within a limit not to exceed 15% of the initial amou
Slide 105: Resolution 21: Issuance for contributions in kind
Resolution #21 Delegation of authority to the Board of Directors for the purpose of issuing shares or other securities granting rights to the Company's equity securities to be issued in consideration of contributions in kind, without shareholders’ preferential subscription rights Maximum amount €4,3
Slide 106: Resolution 22: Capital increase for savings plan members
Resolution #22 Delegation of authority to be granted to the Board of Directors for the purpose of deciding to carry out a capital increase reserved for members of savings plans, without shareholders’ preferential subscription rights Maximum 600,000 shares Duration 24 months amount 2025 Annual Shareh
Slide 107: Resolution 23: Capital increase for foreign subsidiary employees
Resolution #23 Delegation of authority to be granted to the Board of Directors for the purpose of carrying out a share capital increase reserved for a category of employees of certain foreign Group subsidiaries, without shareholders’ preferential subscription rights Maximum 150,000 shares Duration 1
Slide 108: Resolution 24: 2026 performance shares
Resolution #24 Authorization to be granted to the Board of Directors for the purpose of granting in 2026 free performance shares to employees and corporate officers of the Group Maximum amount 330,000 shares Duration 12 months from January 1, 2026 Performance conditions to be fixed by the Board 2025
Slide 109: Resolution 25: 2026 free non-performance shares
Resolution #25 Authorization to be granted to the Board of Directors for the purpose of granting in 2026 free non- performance shares to employees or to some of them Maximum 50,000 shares Duration 12 months from January 1, 2026 amount 2025 Annual Shareholders’ Meeting 109
Slide 110: Resolution 26: Amendment of Article 13 of the bylaws
Resolution #26 Amendment of Article 13 of the Company’s bylaws to allow the Board of Directors to deliberate by written consultation 2025 Annual Shareholders’ Meeting 110
Slide 111: Resolution 27: Powers to carry out formalities
Resolution #27 Powers to carry out formalities 2025 Annual Shareholders’ Meeting 111