Nexity Sa · EURONEXT:NXI
Nexity Sa — H1 2025 Earnings Presentation
31 slides from Nexity Sa's earnings presentation, Jul 24, 2025
Slide 1: First-Half 2025 Results
First-Half 2025 Results Webcast – 24 July 2025 is) n Saint-De (Seine- Ouen- Saint wa – Re i
Slide 2: Disclaimer
Disclaimer 02 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 contain
Slide 3: Contents
Contents 03 1 2 3 4 RESULTS FOR H1 2025 Introduction Business Financial and Outlook activity in non-financial results – H1 2025 H1 2025
Slide 4: Introduction
01. Introduction Re i wa – Sa int-O ue n ( Seine - Saint- De nis) 04 RESULTS FOR H1 2025
Slide 5: H1 2025 – Key points
01. Introduction H1 2025 – Key points 05 Margins restored for the Urban Planning and Residential Real Estate Development businesses starting 30 June Return to positive current Ongoing profitability of Services operating profit (COP) Launch of the plan to save €100m by 2026: starting in H1, thanks to
Slide 6: New organisation that meets the needs of the regions
01. Introduction New organisation that meets the needs of the regions 06 Acceleration of major urban regeneration projects (repurposing city outskirts and transforming brownfield sites) 1,200,000 sq.m under development including the Carrefour(1) partnership Sud region (Banyuls-sur-Mer – Pyrénées- Gr
Slide 7: Market: Positive medium-term catalysts
01. Introduction Market: Positive medium-term catalysts 07 3.07%(1) at end-June • Increase in purchasing power Stabilisation in mortgage rates (-112 bps since December 2023) • End of wait-and-see attitude +45% by number of Reflecting banks’ appetite and Recovery in mortgage production mortgages appr
Slide 8: Business activity in H1 2025
02. H1 2025 Business activity in Re i wa – Sa int-O ue n ( Seine - Saint- De nis) 08 RESULTS FOR H1 2025
Slide 9: Business activity – Main indicators
02. Business activity in H1 2025 Business activity – Main indicators 09 Supply for sale (5,279 units): -20% vs H1 2024, +2% vs Q1 2025 • Supply/total market ratio identical to 2019 level Residential Reservations: 4,278 units, -15% in H1 (-7% in Q2) Real Estate • Retail sales: -13% by volume; -6% by
Slide 10: Building permit issuance at a record low
02. Business activity in H1 2025 Building permit issuance 10 at a record low Building permits issued (1) 650 000 Local elections Local elections Local elections March 2008 March 2014 March 2020 600 000 346,300 building permits issued on a rolling 12-month 550 000 basis in May 2025 500 000 • -20% vs
Slide 11: Supply for sale aligned with our market
02. Business activity in H1 2025 Supply for sale aligned with our market Absorption rate: down to 11 5 months, securing supply rotation and resulting in virtually 8 Breakdown of supply for sale no unsold completed homes Absorption by project stage rate (1) 5 (~100 units) (# of months) Supply for sal
Slide 12: New home reservations
02. Business activity in H1 2025 New home reservations Clearsales: Retail Continued Decline Change: Bulk Volumes improvement sales: in-6% not individual strong by linear value momentum over investors, invs reservations the -13% year for as byhomebuyers expected, volume, in Q2 (-7% reflecting due (+3
Slide 13: Client mix
02. Business activity in H1 2025 Client mix – H1 2025 13 H1 2025 mix reflecting 18% continued strong momentum for homebuyers: Retail 23% 17% 35% of total reservations, a sales: 58% Bulk record high: +2 pts vs H1 2024 sales: 42% +13 points vs H1 2024 mix -2 pts vs H1 2024 4,278 39% Non-linear distrib
Slide 14: Solid sales momentum and attractive supply for homebuyers
02. Business activity in H1 2025 Solid sales momentum and attractive supply for homebuyers 14 Very strong momentum in launches Supply tailored to of attractive, selective developments customers’ purchasing power >40 sales launches in H1 Recent commercial success: >1,200 Balcons des Gables (Dunkirk)
Slide 15: Nexity well placed in alternatives to the Pinel scheme
02. Business activity in H1 2025 Nexity well placed in alternatives to the Pinel scheme to rekindle investor 15 interest Advantageous tax status Non-serviced LMNP* Serviced LMNP* Denormandie Act / “déficit foncier” Harmony development in St-Étienne(1) My Jolimont campus, Toulouse Le Ratti developmen
Slide 16: Services: Strong momentum in Serviced Properties and Distribution
02. Business activity in H1 2025 Services: Strong momentum in both Serviced Properties and Distribution 16 Serviced Properties Distribution Student residences Coworking Specialised in rental property Pioneer and leader 136 residences at end-June 92 at end-June (+1 in H1 2025) investment in bare owne
Slide 17: Financial and non-financial results – H1 2025
03. H1 2025 Financial and non-financial results – Re i wa – Sa int-O ue n ( Seine - Saint- De nis) 17 RESULTS FOR H1 2025
Slide 18: Financial results: COP back in positive territory
03. Financial and non-financial results – H1 2025 Financial results: COP back in positive territory; (1) tight WCR management 18 Revenue Urban Planning and Residential Real Estate Development: €1,301m -5%, reflecting the slowdown in business activity from Serviced Properties: -12% on a like-for-like
Slide 19: Revenue
03. Financial and non-financial results – H1 2025 Revenue – H1 2025 19 Residential Real Estate (82% of revenue): -5% vs H1 2024 (under IFRS, in €m) Revenue reflecting a decline in business activity from projects underway due to the percentage-of- -12% completion method Revenue contribution On a from
Slide 20: Actions targeting a return to operating profitability
03. Financial and non-financial results – H1 2025 3 actions targeting a return to operating profitability well underway 20 Margins restored for the 65% deriving from the dilutive margins on projects recalibrated in 2024 with a declining contribution under the percentage-of-completion method Urban Pl
Slide 21: Very good execution of the plan to reduce operating expenses
03. Financial and non-financial results – H1 2025 Very good execution of the plan to reduce operating expenses 21 Full-year impact of cost- Total progress at Cost savings Cost savings Total progress at Measures taken savings, target for year- year-end 2024 H1 2025 H2 2025 year-end 2025 end 2026 (1)
Slide 22: Current operating profit – New Nexity
03. Financial and non-financial results – H1 2025 Current operating profit – “New Nexity” 22 (In millions of euros) H1 2024 H1 2025 Change COP contribution from Residential Real Planning and Development (48) 5 +53 Estate Development by year Residential Real Estate (56) 4 +60 of launch Commercial Rea
Slide 23: Working capital requirement well under control
03. Financial and non-financial results – H1 2025 Working capital requirement well under control 23 WCR for Residential Real Estate Development reduced by €19m (vs Dec. 2024) thanks to ongoing (In millions of euros) Dec. 2024 30 June 2025 Change efforts: • Increased selectivity in land Planning and
Slide 24: Net financial debt tightly controlled
03. Financial and non-financial results – H1 2025 Net financial debt tightly controlled 24 (In millions of euros) (23) +29 Moderate increase vs a larger rise in (74) H1 (excluding scope effects) by past (398) standards (330) Change expected in H2: • Increased shareholding in Angelotti (see Slide 29)
Slide 25: Financial structure at end-June 2025
03. Financial and non-financial results – H1 2025 Financial structure at end-June 2025 25 Net debt structure Maturity of long-term debt Chang (In millions of euros) Dec. 2024 June 2025 e Bond issues – Nominal amount Bond issues and Long-term debt Purchase commitments purchase commitments (fixed rate
Slide 26: CSR – Ambitions raised for our pillars
03. Financial and non-financial results – H1 2025 CSR – Ambitions raised for our 3 pillars and encouraging first-half results 26 More ambitious environmental strategy 2015 2022 2023 2025 2030 Group’s carbon trajectory Carbon strategy Validated 1.5°C-aligned Impact 2030 sustainability transition stra
Slide 27: Outlook
04. Outlook Re i wa – Sa int-O ue n ( Seine - Saint- De nis) 27 RESULTS FOR H1 2025
Slide 28: Actions focused on improving leverage
04. Outlook Actions focused on improving leverage 28 Restoration of margins Further debt reduction Acceleration in profitable growth by launching projects aligned with the latest market Continued WCR improvement: Selective approach, More rapid payment collection, conditions and target commitment mar
Slide 29: Increased shareholding in Angelotti
04. Outlook Increased shareholding in Angelotti: an opportunity for the Group 29 November 2022 15/07/2025 30/09/2025 Acquisition by Nexity of a 55% stake in Angelotti, a regional leader in residential development Liquidity window: and urban planning in Occitania opportunity for Nexity to lift its ow
Slide 30: Guidance for 2025 confirmed
04. Outlook Guidance for 2025 confirmed 30 Return to operational Current operating profit for “New Nexity” (1) positive (vs negative COP for 2024, heavily affected by the transformation plan) profitability Tight grip on the balance IFRS net debt below €380m (2) by year-end 2025 sheet RESULTS FOR H1
Slide 31: Nexity contact details
Nexity 67 rue Arago 93400 Saint-Ouen-sur-Seine (France) Phone: +33 (0)1 85 55 19 12