Nexity Sa · EURONEXT:NXI
Nexity Sa — Q1 2024 Earnings Presentation
17 slides from Nexity Sa's earnings presentation, Jun 17, 2024
Slide 1: Q1 2024 Business activity and revenue
Q1 2024 Business activity and revenue Reiwa – Futur siege social Nexity – Saint-Ouen (93)
Slide 2: Disclaimer
Disclaimer The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained
Slide 3: Agenda
01 Highlights Q1 2024 02 Business activity and revenue 03 Group transformation underway and outlook Eco-campus – La Garenne-Colombes (92)
Slide 4: Highlights Q1 2024
01 Highlights Q1 2024 Belvédère Facette Siège local Nexity – Bordeaux (33)
Slide 5: Key figures and Highlights Q1 2024
01. Highlights Q1 2024 Key figures and Highlights Q1 2024 Confirmation of lower interest rates(3) Compensation for loss of purchasing power through Housing market still in -31% 4.21% -31 bps higher income(4) Evolution of retail sales(1) decline, encouraging signals -21% 3.90% ~50% en 2024 Loans gran
Slide 6: Business activity and revenue
02 Business activity and revenue Build-to-rent avec Urban Campus – Massy (91)
Slide 7: Business activity
02. Business activity and revenue Q1 2024 Business activty New homes reservations(1) (by volume) • Slight upturn in retail sales: +1% (1,438 reservations) • Bulk sales: 567 reservations -29% vs. 1,384 at Q1 2023 2,811 ➔ An unrepresentative decline of non-linear business activity over the course of a
Slide 8: A supply for sale under control, business opportunities in supply-constrained areas
02. Business activity and revenue Q1 2024 A supply for sale under control, business opportunities in supply-constrained areas Absorption 7 7 Inventory of completed homes timeline 6 Not significant (~100 units ; ~1%) (# of months) -31% -10% 10 153 85% 7 778 7 028 Q1 2024 supply for sale in Supply sup
Slide 9: A solid Group Development backlog offering 2 years of visibility
02. Business activity and revenue Q1 2024 A solid Group Development backlog offering 2 years of visibility Backlog = €5.1bn 2 years of activity CAMPUS CONFLUENCE Delivery in Q3 2024 (housing) Delivery to H1 2026 BORDEAUX BELVEDERE Lyon (69) and Q3 2025 (tertiary) Bordeaux (33) Mixed-use program incl
Slide 10: Service Activities
02. Business activity and revenue Q1 2024 Service Activities Serviced Properties Property Management Distribution Property Management for Student residences Individuals Completion of the sale of the business to Bridgepoint on April 2, 2024. Specialised in Pioneer and leader Number of residences: 133
Slide 11: Q1 2024 Revenue
02. Business activity and revenue Q1 2024 Q1 2024 Revenue (in €m) Residential Real Estate: -14% 893 Revenue reflecting the decline in prior-period business activity 770 Commercial Real Estate: 575 -15% Revenue reflecting the progress of major projects 489 underway (including LGC, Reiwa); also impact
Slide 12: Group transformation underway
03 Group transformation underway and outlook Deloitte University EMEA – Bailly Romainvillers (77)
Slide 13: Process underway of deleveraging and additional resources for transformation
3. Group transformation underway and outlook Process underway of deleveraging and additional resources for transformation Sale of Property Management for individuals • Sales proceeds of €400 m • Reinforcing liquidity; Additional resources for transformation Continued search for strategic and financi
Slide 14: Towards an urban operator model
3. Group transformation underway and outlook Towards an urban operator model More agile Urban Operator working for urban regeneration Regional and and meeting the emerging needs Multi-prduct of territories, individuals and businesses The Group benefits from the support of its stakeholders in impleme
Slide 15: Proactive plan to reduce operating expenses well underway
3. Group transformation underway and outlook Proactive plan to reduce operating expenses well underway 2023 24 avril 2024 T2 et T3 2024 T4 2024 2025, 2026 … Redundancy Implementation of the action plan: Plan (PSE) Negotiations Implementation Significant impact on cost base «Steering Tightly» Initiat
Slide 16: Unchanged outlook
3. Group transformation underway and outlook Unchanged outlook 2024 Guidance Operating profit to remain positive while reaching a low point, Operating taking into account gains on disposals, the costs of adjusting supply to profit new market conditions and costs relating to the Group’s reorganisatio
Slide 17: nexity.group
19, rue de Vienne 75 008 Paris Tél. : +33 (0)1 85 55 10 00 nexity.group