Slide 1: A Solid Start to 2026
Julien Hueber, CEO Vincent Piquet, CFO 28th April 2026 Paris Q1 2026 A SOLID START TO 2026
Slide 2: Forward-looking statements
This presentation contains forward-looking statements which are subject to various expected or unexpected risks and uncertainties that could have a material impact on the Company’s future performance. Readers are also invited to visit the Group’s website where they can view and download Nexans’ Univ
Slide 3: Q1 2026 Trading Update
Julien Hueber, CEO S E C T I O N O 1 Q1 2026 Trading Update Q1 2026 FINANCIAL INFORMATION | Page 3 Nexans 2026 © All right Reserved
Slide 4: Q1 2026 – Key Highlights
Q1 2026 – Key Highlights Nexans pursues its organic and external growth strategy Q1 2026 Q1 2026 ACQUISITION ORGANIC GROWTH STANDARD SALES IN THE U.S. ELECTRIFICATION ELECTRIFICATION BUSINESSES BUSINESSES U.S. MANUFACTURER OF LOW- VOLTAGE WIRING PRODUCTS (vs. €1,224m in Q1 2025*) (1) LTM AS OF FEB 2
Slide 5: Solid start driven by Electrification
Solid start driven by Electrification PWR-TRANSMISSION PWR-GRID PWR-CONNECT OTHER ACTIVITIES (MAINLY METALLURGY) -24.1% ORGANIC GROWTH STANDARD SALES (€m) STANDARD SALES (€m) STANDARD SALES (€m) STANDARD SALES (€m) 647 603 342 313 322 308 254 186 Q1 2025* Q1 2026 Q1 2025* Q1 2026 Q1 2025* Q1 2026 Q1
Slide 6: Started normalization of organic growth in Q1 2026
Started normalization of organic growth in Q1 2026 Q1 2026 STANDARD SALES (€m) Quality of execution +11.1% 342 Commercial expansion in smaller-sized projects 308 Operational agility ADJUSTED BACKLOG (€bn) Q1 2025* Q1 2026 +2.6% 7.4 7.7 7.9 6.1 3.5 FX +2.4% GSI €1.2bn DELIVERING ON DEC DEC DEC DEC MA
Slide 7: Strong momentum continued
Strong momentum continued Q1 2026 STANDARD SALES (€m) +2.9% Performance supported by : 322 313 Call-offs under framework agreements and data center activity Renewables activities well-oriented Q1 2025* Q1 2026 Double-digit organic growth in the Accessories sub-segment SCOPE n.a. FX -2.8% * Q1 2025 p
Slide 8: Signals of recovery in some countries
Signals of recovery in some countries Performance supported by : Q1 2026 STANDARD SALES (€m) Signals of recovery in France, Spain and Italy +7.2% 647 Nordic countries remained subdued 603 Asia Pacific started to stabilize, supported by management change Integration of La Triveneta Cavi in-line with
Slide 9: Q1 2026 Highlights, M&A
Vincent Piquet, CFO S E C T I O N O 2 Q1 2026 Highlights, M&A Q1 2026 FINANCIAL INFORMATION | Page 9 Nexans 2026 © All right Reserved
Slide 10: Standard sales bridge
Standard sales bridge in €m +1.3% o/w Electrification +3.3% 1,478 +0.1% 1,497 (2.0%) and -24.1% in Other Activities (mainly Metallurgy) Q1 2025* Organic Scope FX Q1 2026 * Q1 2025 pro forma and restated, in compliance with IFRS 5, see appendices Q1 2026 FINANCIAL INFORMATION | Page 10 Nexans 2026 ©
Slide 11: A strategic platform in low-voltage products
A strategic platform in low-voltage products, strengthening PWR-Connect HIGH QUALITY GROWTH PLATFORM IN FOUNDED IN THE U.S. FULLY-INVESTED INDUSTRIAL PLATFORM 1982 Republic Wire is a recognized EXPANSION PROGRAM FULLY manufacturer of low-voltage wiring ONLINE BY END OF 2026 c. € 520m (1) products se
Slide 12: A compelling transaction, highly synergistic profile
A compelling transaction, highly synergistic profile TERMS OF ACQUISITION FINANCING VALUE CREATION Combination of debt and cash Enterprise Value(3) run-rate synergies within 3 years for 100% of Republic Wire pro forma FY 2025 leverage ratio(5) (o/w c. 50% to be achieved in Year 1 ) FY 2028 leverage
Slide 13: Expanding Nexans’ presence in the attractive U.S. marketplace
Expanding Nexans’ presence in the attractive U.S. marketplace RUN-RATE with a high-quality asset SYNERGIES PLATFORM CHANNEL PRODUCT Selling Nexans' Establishes manufacturing and Establishes access to residential Focused product portfolio with comprehensive product distribution platform within the an
Slide 14: Increasing exposure to premium verticals
Increasing exposure to premium verticals Nexans Canada Strong mid-term growth Weyburn, Markham, Fergus perspectives, including data centers opportunities Electro Cables Republic Wire Trenton, Canada Cincinnati, USA Proven global distributor Metallurgy relationships Montréal, Canada High Voltage Plan
Slide 15: 2026 Outlook
Julien Hueber, CEO S E C T I O N O 3 2026 Outlook Q1 2026 FINANCIAL INFORMATION | Page 15 Nexans 2026 © All right Reserved
Slide 16: Gradual and progressive improvements of margins
Gradual and progressive improvements of margins Protection of our margins Long-lasting High demand on our Margin over volume relationships with our markets approach customers Indexation clauses Innovative and high Strong pricing discipline added value solutions Innovative pricing tools updates SHIFT
Slide 17: Guidance confirmed
GUIDANCE 2026 CONFIRMED €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 Q1 2026 FINANCIAL INFORMATION | Page 17 Nexan
Slide 18: Appendices
Appendices Q1 2026 FINANCIAL INFORMATION | Page 18 Nexans 2026 © All right Reserved
Slide 19: Group organic sales 2024-2028 CAGR
GROUP ORGANIC SALES 2024-2028 CAGR (ELECTRIFICATION) ADJ. EBITDA FCF CONVERSION(1) ROCE DIVIDEND PAYOUT(2) LEVERAGE(3) (1) FCF pre-M&A and equity operations / Adj. EBITDA assuming flat change in WC (2) Share of recurring net income (3) Ratio of Net Debt to Adjusted EBITDA Q1 2026 FINANCIAL INFORMATI
Slide 20: Adjusted EBITDA
Adjusted EBITDA €1,150m (m€) (+/- €75m) Volume growth Mix premium Operational excellence Volume growth Competitiveness €728m Mix premium Industrial excellence Commercial Growth Quality of Execution + Additional M&A Backlog FY 2025 PWR-Transmission PWR-Grid PWR-Connect FY 2028E Q1 2026 FINANCIAL INFO
Slide 21: Q1 2025 pro forma and restated
Q1 2025 Q1 2025 Scope IFRS 5 Pro Forma (in millions of euros) Reported reclass.(1) restatements(2) & Restated PWR-Transmission 308 - - 308 PWR-Grid 312 - 1 313 PWR-Connect 601 - 2 603 Non-Electrification 362 (9) (353) 0 (Industry & Solutions) Subtotal excl. Other activities 1,583 (9) (349) 1,224 Oth
Slide 22: Impact of foreign exchange and consolidation scope
Impact of foreign exchange and consolidation scope Organic Q1 2025* Scope Currency Q1 2026 (in millions of euros) growth PWR-Transmission 308 - 7 28 342 PWR-Grid 313 - (8) 17 322 PWR-Connect 603 48 (19) 15 647 Electrification 1,224 48 (21) 60 1,311 Other activities 254 - (9) (59) 186 TOTAL GROUP 1,4
Slide 23: A model of profitable growth & solid cash generation
A model of profitable growth & solid cash generation OUR GROWTH OUR VALUE CREATION OUR CAPITAL ALLOCATION TARGETED M&A PWR-GRID & PWR-CONNECT TARGETED M&A L PWR-GRID & PWR-CONNECT O W SELECTIVE ORGANIC GROWTH L E ADJUSTED EBITDA FREE CASH FLOW SHAREHOLDER RETURN V EXPANSION GENERATION E R Supported
Slide 24: and balanced geographic footprint
and balanced geographic footprint NORTH AMERICA EUROPE 13% 2% OTHERS OTHERS 38% PWR-CONNECT 40% PWR-CONNECT €6.1Bn €728m 2025 2025 STANDARD ADJUSTED SALES EBITDA 22% 27% 28% 30% PWR-TRANSMISSION PWR-TRANSMISSION PWR-GRID PWR-GRID MIDDLE EAST & AFRICA LATIN AMERICA APAC % SALES AT STANDARD METAL PRIC
Slide 25: A global player of energy transition
A global player of energy transition ELECTRIFICATION BUSINESSES OUR PURPOSE €6 .1bn WE ELECTRIFY THE FUTURE STANDARD SALES OUR VALUES 25,700 (1) PWR-TRANSMISSION PWR-GRID PWR-CONNECT DEDICATED PIONNEERS PEOPLE UNITED 41 (1) OUR PROMISE SCALE-UP TO STEP-UP COUNTRIES OTHER (MAINLY METALLURGY) (1) Incl
Slide 26: A sound Balance Sheet
A sound Balance Sheet DEBT PROFILE AND MATURITIES AS OF DECEMBER 31, 2025 (€m) Low leverage ratio Cash & Cash Equivalents FINANCIAL LEVERAGE (2) as of December 31, 2025 800 Undrawn Revolving vs. €1,254m Credit Facility Maturity October Credit Rating as of December 31, 2024 2029 100% FIXED-RATE Total
Slide 27: Electrifying the future
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 PWR-TRANSMISS
Slide 28: Recycled copper an increasing part of the mix
Recycled copper an increasing part of the mix CATHODES & MILLBERRY up to 240kt ROD NCCCR(1) project will unlock recycling capacity for Nexans starting in 2027, 240kt with flexibility between COPPER SCRAP scrap refining volumes and up to 80kt primary copper use Inputs Outputs Source: Nexans data, Oli
Slide 29: ESG ratings
CLIMATE A A- as of 2025 WATER Nexans’ continuous ESG Ratings go from D- (lowest) to A (highest) progress is Ratings go from 0 (lower) to 100 (higher) as of Feb 2026 78 in Ratings go from CCC (lowest) to AAA (highest) as of Jan 2026 A its industry as of Jul 2025 22.6 Ratings go from 0 (negligible ris
Slide 30: Carbon emissions reduction
In our compass 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 %) -42% INDUSTRIAL APPROVED OPERATIONS Mainly driven by: SCOPE 2 EMISSIONS I
Slide 31: Definitions
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 growth current
Slide 32: Financial calendar and Investor Relations contact
FINANCIAL CALENDAR 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: Q3 2026 financial information Audrey Bourgeois VP Investor Relations +33 1 78