Nexans Sa · EURONEXT:NEX
Nexans Sa — Q3 2025 Earnings Presentation
27 slides from Nexans Sa's earnings presentation, Oct 23, 2025
Slide 1: Powering the future with growth and strategic leadership transition
9M 2025 Powering the future with growth and strategic leadership transition Julien Hueber, CEO October 23, 2025 - 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 Julien Hueber Chief Executive Officer 9M 2025 FINANCIAL INFORMATION | Page 3 Nexans 2025 © All right Reserved
Slide 4: Q3 and 9M 2025 Key highlights
Q3 and 9M 2025 Key highlights Q3 2025 9M 2025 PWR-TRANSMISSION ACQUISITION IN ORGANIC GROWTH ORGANIC GROWTH BACKLOG CANADA +7.7% +5.8% €7.9bn GROUP GROUP ADJUSTED BACKLOG €1,566m STANDARD SALES €5,331m STANDARD SALES (as of 30 September 2025) STRENGTHENING PWR-CONNECT POSITIONING c. €125m +12.6% +9.
Slide 5: Nexans Innovation Summit in Toronto in October 2025
Nexans Innovation Summit in Toronto in October 2025 Nexans Climate Day has evolved as Nexans Innovation Summit Nexans showcasing its innovative approach to Electrification through its E3 model From student led projects, startups to large AI-driven sustainable solutions To further support a new era o
Slide 6: Acquisition of Electro Cables in Canada
Acquisition of Electro Cables in Canada Reinforcing Nexans’ positioning in PWR-Connect in a highly dynamic market (1) c. € 125m LTM CURRENT SALES AS OF JULY 2025 Electro Cables is a Canadian ATTRACTIVE player in low-voltage cables, GROWTH AND ROBUST delivering high performance, PROFITABILITY PROFILE
Slide 7: 9M 2025: High Group organic growth
9M 2025: High Group organic growth Powered by electrification businesses: +9.4% organic growth GROUP ELECTRIFICATION BUSINESSES OTHER ACTIVITIES (MAINLY METALLURGY) +4.1% -6.3% +5.8% +7.7% +9.4% +12.6% 9M ORGANIC GROWTH Q3 ORGANIC GROWTH 9M ORGANIC Q3 ORGANIC 9M ORGANIC Q3 ORGANIC GROWTH GROWTH GROW
Slide 8: PWR-Transmission
PWR-Transmission Smooth execution on our projects and favorable production mix 9M & Q3 2025 STANDARD SALES (€m) ADJUSTED BACKLOG (€bn) Standard sales stood at €1,115 million in the first nine months of 2025, compared to €899 million over +27% the same period last year, up +25.3% organically. +25.3%
Slide 9: PWR-Grid
PWR-Grid Strong underlying trends driving the business 9M & Q3 2025 STANDARD REVENUE (€M) Standard sales reached €989 million in the first nine months of 2025 compared to €945 million over the same period last year, up + 6.7% organically. +6.7% +9.0% 9M ORGANIC Q3 ORGANIC In Q3 2025, PWR-Grid confir
Slide 10: PWR-Connect
PWR-Connect Very strong dynamics in some regions & signs of recovery in others 9M & Q3 2025 STANDARD REVENUE (€M) Standard sales amounted to €1,737 million in the first nine months of 2025 compared to €1,507 million in the first nine months 2024, up + 1.4% organically. In Q3 2025, PWR-Connect organi
Slide 11: 2025 Guidance Reiterated
2025 Guidance Reiterated ADJUSTED EBITDA FREE CASH FLOW €810m – €860m €275m – €375m Excluding 6 months of Lynxeo for c.€45 million, including 7 months of Cables RCT for c.€4 million & excluding future changes of scope 9M 2025 FINANCIAL INFORMATION | Page 11 Nexans 2025 © All right Reserved
Slide 12: Appendices
Appendices
Slide 13: 2028 guidance
2028 guidance GROUP ELECTRIFICATION ORGANIC SALES ADJ. EBITDA €1,150m 2024-2028 CAGR 3-5% (+/- €75M) FCF CONVERSION(1) >45% INCREMENTAL ADJ. EBITDA +€350m (+/- €50m) 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) S
Slide 14: 2025 Quarterly Organic Growth
2025 Quarterly Organic Growth Q1 2025 Q2 2025 H1 2025 YoY Organic growth % (1) Q3 2025 9M 2025 Pro Forma (2) Pro Forma (2) Pro Forma (2) ELECTRIFICATION +6,8% +8.6% +7.8% +12.6% +9.4% → PWR - Transmission +21.7% +21.6% +21.7% +33.3% +25.3% → PWR - Grid +1.7% +9.3% +5.6% +9.0% +6.7% → PWR - Connect +
Slide 15: 2025 Quarterly Standard Sales
2025 Quarterly Standard Sales Q1 2025 Q2 2025 H1 2025 Standard Sales (€m) (1) Q3 2025 9M 2025 Pro Forma (2) Pro Forma (2) Pro Forma (2) ELECTRIFICATION 1,221 1,386 2,607 1,233 3,841 → PWR - Transmission 308 439 747 368 1,115 → PWR - Grid 312 362 674 314 989 → PWR - Connect 601 585 1,186 551 1,737 NO
Slide 16: 2025 Quarterly Current Sales
2025 Quarterly Current Sales Q1 2025 Q2 2025 H1 2025 Current Sales (€m) Q3 2025 9M 2025 Pro Forma(1) Pro Forma(1) Pro Forma(1) ELECTRIFICATION 1,513 1,678 3,190 1,512 4,702 → PWR - Transmission 316 442 758 377 1,135 → PWR - Grid 373 432 805 373 1,178 → PWR - Connect 824 804 1,628 762 2,390 NON-ELECT
Slide 17: 9M 2025 Bridge Standard Sales
9M 2025 Bridge Standard Sales Impact of foreign exchange and consolidation scope Standard Sales (€m) (1) 9M 2024 Organic 9M 2025 (2) Scope Currency (3) Pro Forma Growth Reported ELECTRIFICATION 3,351 256 (73) 307 3,841 → PWR - Transmission 899 - (9) 225 1,115 → PWR - Grid 945 0 (18) 62 989 → PWR - C
Slide 18: 2025 Bridge Pro Forma
2025 Bridge Pro Forma Standard Sales (€m) (1) Q1 2025 Q1 2025 Q2 2025 Q2 2025 H1 2025 H1 2025 bridge bridge bridge Reported Pro forma (2) Reported Pro forma (2) Reported Pro forma (2) ELECTRIFICATION 1,221 - 1,221 1,386 - 1,386 2,607 - 2,607 → PWR - Transmission 308 - 308 439 - 439 747 - 747 → PWR -
Slide 19: 2024 Bridge Pro Forma
2024 Bridge Pro Forma Standard Sales (€m) (1) Q3 2024 Q3 2024 9M 2024 9M 2024 bridge bridge Reported Pro forma (2) Reported Pro Forma (2) ELECTRIFICATION 1,099 4 1,103 3,344 6 3,351 → PWR - Transmission 277 - 277 899 - 899 → PWR - Grid 288 7 295 923 21 945 → PWR - Connect 533 (3) 530 1,522 (15) 1,50
Slide 20: Sustainability
Sustainability In our compass SCOPE 3 SCIENCE BASED INITIATIVE (SBTi) TARGETS VS 2019 BASE YEAR EMISSIONS UPSTREAM PURCHASE OF FREIGHT RAW MATERIALS -40% -30% Carbon emissions reduction (in %) SCOPE 1 EMISSIONS DIRECT -30% APPROVED INDUSTRIAL OPERATIONS -38% -42% SCOPE 2 -46% EMISSIONS INDIRECT PURC
Slide 21: Sustainability
Sustainability Supported by a trendsetter operating model SCIENCE BASED INITIATIVE (SBTi) TARGETS VS 2019 BASE YEAR -40% -30% Carbon emissions reduction (in %) -30% APPROVED -38% -42% -46% 2019 2024 2028 2030 2050 Good performance and progress to date occurs in stages and cannot be extrapolated line
Slide 22: Nexans at a glance
Nexans at a glance A global player of the energy transition ELECTRIFICATION BUSINESSES 2024 OUR €7.1bn PURPOSE STANDARD SALES WE ELECTRIFY THE FUTURE 28,500 PWR-TRANSMISSION PWR-GRID PWR-CONNECT OUR PEOPLE VALUES DEDICATED PIONNEERS UNITED 41 OUR COUNTRIES PURPOSE SCALE-UP TO STEP-UP OTHER (MAINLY M
Slide 23: Diversified end-markets and balanced geographic footprint
Diversified end-markets and balanced geographic footprint 19% 47% 0.3% NORTH AMERICA EUROPE 11% 18% OTHERS 18% OTHERS PWR-TRANSMISSION PWR-TRANSMISSION €7.1Bn 18% €804m 21% PWR-GRID PWR-GRID 2024 SALES 2024 AT STANDARD ADJUSTED EBITDA METAL PRICE 24% 29% 35% NON-ELECTRIFICATION PWR-CONNECT PWR-CONNE
Slide 24: The urgency of Electrification
The urgency of Electrification The beginning of a demand CABLE MARKETS FORECAST super cycle comparable to the 1950-1970’s NET-ZERO TRANSITION GRID RENEWAL & STRENGTHENING SMART & SAFE BUILDINGS ‒ Shift from fossil fuel to renewables ‒ Replace and monitor ageing grids ‒ Supply renovation wave and sma
Slide 25: Our strategy
Our strategy Electrifying the future Distributed Distributed generation generation (Utility scale) (Private) x6 ELECTRICITY DEMAND GROWTH BETWEEN 2023 Offshore Onshore wind AND 2035 wind Residential Datacenters ~86% Infra- OF CARS WILL BE Solar structures ELECTRIC BY 2035 Hydro Centralized Transmiss
Slide 26: Glossary
Glossary Adjusted PWR-Transmission backlog: Backlog adjusted for Organic growth: Standard sales growth as a percentage of prior- secured but not yet implemented Subsea, Land and Special year standard sales. Organic growth is a measure of growth Telecom contracts. excluding the impact of changes in t
Slide 27: Financial Calendar and Contact
Financial Calendar and Contact ROADSHOWS & CONFERENCES FINANCIAL CALENDAR October 2025: Site visit with ODDO BHF (Sweden) February 19, 2026: 2025 full-year earnings October 2025: Roadshow with ODDO BHF (Nordics, In person) November 2025: Roadshow with UBS (Paris, In person) November 2025: Roadshow w