Slide 1: H1 2026: Nexans delivering on its strategy of profitable growth
H1 2026 Nexans delivering on its strategy of profitable growth
Slide 2: Safe Harbour
SAFE HARBOUR 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
Slide 3: H1 2026 Highlights
S E C T I O N O 1 H1 2026 Highlights H1 2026 RESULTS | Page 3 Nexans 2026 © All right Reserved
Slide 4: Key Highlights H1 2026 and beyond
Key Highlights Nexans delivering on its strategy of profitable growth & increased its exposure to the U.S. H1 2026 And beyond… GROUP PERFORMANCE CASH GENERATION TRANSACTIONS OPERATIONS €3,249m €388m 42.7% NORTH AMERICAN FOOTPRINT PWR-TRANSMISSION CASH CONVERSION MI LINE (MASS-IMPREGNATED) RATIO EXPA
Slide 5: H1 2026 Business Overview
S E C T I O N O 2 H1 2026 Business Overview H1 2026 RESULTS | Page 5 Nexans 2026 © All right Reserved
Slide 6: Nexans as a preferred partner worldwide
Electrification Pure Player Model, a transversal business Deploying our innovative solutions portfolio across all the value chain of Electrification NEXANS AS A PREFERRED PARTNER WORLDWIDE THANKS TO ITS AGILITY & STRATEGY NEW MARKET PARADIGM Our customers are rapidly changing their way of working IN
Slide 7: Strong momentum in Electrification, with solid underlying trends
H1 2026 Strong momentum in Electrification, with solid underlying trends STANDARD SALES (€m) ADJ. EBITDA (€m) AND MARGIN (%) GROUP ELECTRIFICATION +1.5% +4.5% Deployment of its innovative solutions ORGANIC ORGANIC GROWTH GROWTH providing pricing power 2,854 3,249 2,615 3,093 Gradual and progressive
Slide 8: PWR-Transmission
PWR-TRANSMISSION Strong improvement of Adj. EBITDA margin & good visibility on our MI line Organic growth pattern started to normalize in H1 as expected Mechanical high comparison basis throughout 2026 after 2 yrs. of strong PWR-TRANSMISSION PERFORMANCE momentum (even higher in Q4) +4.0% Strong impr
Slide 9: 3rd cable laying vessel Electra entered into operation
PWR-TRANSMISSION 3rd cable laying vessel Electra successfully entered into operation in June 2026 3 turntables 13,500 tons of capacity (+35% vs Aurora) Capability to lay 4 cables simultaneously Hybrid power system (incl. biodiesel) Advanced subsea tooling (incl. jetting and burial systems) H1 2026 R
Slide 10: PWR-Grid
PWR-GRID Strong positioning of Nexans in a buoyant worldwide market PWR-GRID PERFORMANCE H1 2026: +4.9% organic growth in line with mid-term targets +3.7% 677 702 Structural business mix in PWR-Grid: ~2/3 framework agreements 107 15.9% 108 ~1/3 project-driven activity 15.4% High level of margin: 15.
Slide 11: PWR-Grid: Capacity expansion in Europe to capture strong market trends
PWR-Grid Capacity expansion in Europe to capture strong market trends ATTRACTIVE MARKET PERSPECTIVES WORLDWIDE 80M km ~50% Nexans PWR-Grid of cables to be built or replaced by of the world’s power grid by Europe adding 2040, the equivalent of today’s 2030 not fit for purpose to grid over the next 15
Slide 12: PWR-Connect
PWR-CONNECT Good momentum & resilient margins despite an adverse mix effect PWR-CONNECT PERFORMANCE H1 2026 +15.4% total std. sales growth +15.4% 1,375 +10.0% scope: linked to value creative acquisitions 1,192 1,149 (Cables RCT, Electro Cables & Republic Wire) 163 162 13.6% 11.8% 126 +7.3% organic g
Slide 13: H1 2026 Key Financials
S E C T I O N O 3 H1 2026 Key Financials H1 2026 RESULTS | Page 13 Nexans 2026 © All right Reserved
Slide 14: Standard sales bridge
H1 2026 Standard sales bridge in €m + 5.0% +3.8% 3,249 3,093 +1.5% (0.3%) Incl. Incl. Electrification +4.5% Electro Cables Other Activities(2) -15.6% Cables RCT Republic Wire H1 2025(1) Organic Scope FX H1 2026 (1) H1 2025 pro forma and restated, in compliance with IFRS 5, see appendices (2) Mainly
Slide 15: Adjusted EBITDA bridge
H1 2026 Adjusted EBITDA bridge in €m +4.3% 3 16 2 388 (3) (2) 372 Electrification Businesses +€21m H1 2025(1) PWR-Transmission PWR-Grid PWR-Connect Incl. €20m scope(2) FX Other Activities H1 2026 (1) H1 2025 pro forma and restated, in compliance with IFRS 5, see appendices (2) €20m of scope composed
Slide 16: H1 2026 financial performance
H1 2026 financial performance Profitable growth with resilient Adj. EBITDA conversion Solid operating performance, Adj. EBITDA growth broadly in line with revenue growth In €m H1 2025* H1 2026 Var % Robust level of Adj. EBITDA margin, low performers businesses still improving & catching up with the
Slide 17: Net debt bridge
H1 2026 Net debt bridge NET DEBT EVOLUTION (€m) FREE CASH FLOW € 165m CASH CONVERSION RATIO (2) 43% Leverage(1) 121 Leverage(1) 0.36x 388 (26) 1.40x (75) (49) (191) (3) (266) (131) CASH FLOW FROM OPERATIONS €409m (1,038) (789) (1) (16) NET DEBT Change in Income Dividend & Change in NET DEBT Adj. Reo
Slide 18: Well-diversified debt profile, no upcoming maturity before April 2027
H1 2026 – Well-diversified debt profile, no upcoming maturity before April 2027 Well-positioned to invest in our future growth with attention to discipline DEBT PROFILE AND MATURITIES AS OF JUNE 30, 2026 (€m) Leverage ratio Cash & Cash Equivalents €1,456m 1.4x FINANCIAL LEVERAGE (3) as of June 30, 2
Slide 19: Outlook
S E C T I O N O 4 2026 Outlook H1 2026 RESULTS | Page 19 Nexans 2026 © All right Reserved
Slide 20: Guidance 2026
GUIDANCE 2026 UPGRADED ADJUSTED EBITDA FREE CASH FLOW €770M – €840M €235M – €325M (previously : €730M – €810M) (previously: €210M – €310M) This guidance does not assume execution of the Great Sea Interconnector project in 2026 but includes the load of MI line at the end of 2026 This guidance takes i
Slide 21: Appendices
Appendices H1 2026 RESULTS | Page 21 Nexans 2026 © All right Reserved
Slide 22: 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(3) ≤ 1.0x (1) FCF pre-M&A and equity operations / Adj. EBITDA assuming flat change in WC (2) Share of recurring net income (3) Rati
Slide 23: Financial trajectory toward 2028
Financial trajectory toward 2028 Agility and discipline across the board 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 2
Slide 24: Nexans' value creation model, Global Electrification Pure Player
Nexans’ value creation model, Global Electrification Pure Player 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 C
Slide 25: 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% PWR-CONNECT 40% PWR-CONNECT €6.1Bn €728m 2025 2025 STANDARD ADJUSTED SALES EBITDA 22% 27% 28% 30% 10% PWR-TRANSMISSION PWR-TRANSMISSION PWR-GRID PWR-GRID MIDDLE EAST & 14% AF
Slide 26: Nexans at a glance
Nexans at a glance A global player of energy transition ELECTRIFICATION BUSINESSES 2025 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 (MAI
Slide 27: Our strategy: Electrifying the future
Our strategy Electrifying the future Distributed Distributed generation generation (Utility scale) (Private) Offshore Onshore wind Residential wind Datacenters Solar Infrastructure Hydro Industrial Centralized Transmission Distribution Usage generation subsea and land Commercial Nuclear Mobility PWR
Slide 28: Copper production capacity
Copper production capacity 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 Outpu
Slide 29: Nexans ESG Ratings
Nexans ESG Ratings CLIMATE & SUPPLIER ENGAGEMENT(1) A A- as of 2026 WATER Ratings go from D- (lowest) to A (highest) Nexans’ continuous ESG Ratings go from 0 (lower) to 100 (higher) as of Feb 2026 78 progress is positioning the Group among the top Ratings go from CCC (lowest) to AAA (highest) as of
Slide 30: Sustainability
Sustainability 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 %) -30% -30% -42% -40% INDUSTRIAL APPROVED OPERATIONS Mainly
Slide 31: H1 2026 standard sales
H1 2026 standard sales Impact of scope changes & exchange rates on standard(1) sales Organic H1 2025(2) Scope Currency H1 2026 (in millions of euros) growth PWR-Transmission 746.9 - 30.8 (1.0) 776.8 PWR-Grid 677.1 - (8.0) 32.8 701.9 PWR-Connect 1,191.5 118.8 (20.5) 85.1 1,374.9 Electrification 2,615
Slide 32: 2026 information by segment
2026 information by segment QUARTERLY ORGANIC GROWTH(1) BY SEGMENT STANDARD(2) SALES (3) (3) (3) (3) (3) (3) Q1 2026 Q1 2025 Q2 2026 Q2 2025 H1 2026 H1 2025 (in millions of euros) Q1 2026 Q1 2025 Q2 2026 Q2 2025 H1 2026 H1 2025 PWR-Transmission +8.8% +21.7% (6.2%) +21.6% (0.1%) +21.7% PWR-Transmissi
Slide 33: H1 2025 Pro Forma Bridge
H1 2025 Pro Forma Bridge BRIDGE H1 2025 STANDARD SALES H1 2025 H1 2025 Scope IFRS 5 Pro Forma (in millions of euros) Reported reclass.(1) Restatements(2) & Restated PWR-Transmission 746.9 - - 746.9 PWR-Grid 674.4 - 2.7 677.1 PWR-Connect 1,186.1 - 5.4 1,191.5 Non-Electrification (Industry & Solutions
Slide 34: EBITDA to adjusted EBITDA
EBITDA to adjusted EBITDA (in millions of euros) H1 2026 H1 2025(1) EBITDA 379 351 EBITDA margin (% of standard sales) 11.6% 11.3% IFRS 2 Share-based expense payments 9 25 Other specific operating items (0) (3) ADJUSTED EBITDA 388 372 Adjusted EBITDA margin (% of standard sales) 11.9% 12.0% Adjusted
Slide 35: H1 2025 Restated Net debt bridge
H1 2025 Restated Net debt bridge NET DEBT EVOLUTION (€m) FREE CASH FLOW € 309m CASH CONVERSION RATIO (1) 83.1% 688 (48) 203 (14) (71) (41) 372 4 (144) (191) CASH FLOW FROM OPERATIONS (681) €489m (84) (90) NET DEBT Change in Income Dividend & Change in NET DEBT Adj. Reorganization Financial Capital O
Slide 36: Balance Sheet and Debt covenants
Balance Sheet As of June 30, 2026 In €m JUN 2026 DEC 2025 GEARING RATIO Covenant @120% Net debt Gearing(1) Fixed assets and other non-current assets 4,002 3,266 48% of which: goodwill 1,175 680 37% Deferred tax assets 62 81 13% NON-CURRENT ASSETS 4,064 3,347 Working capital (376) (539) DEBT COVENANT
Slide 37: 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 38: Financial Calendar and Contact
Financial Calendar and Contact FINANCIAL CALENDAR October 22, 2026: Q3 2026 financial information February 24, 2027: 2026 full-year results Audrey Bourgeois VP Investor Relations +33 1 78 15 00 43 audrey.bourgeois@nexans.com