Nexans Sa · EURONEXT:NEX
Nexans Sa — Shareholder Meeting (May 2024)
95 slides from Nexans Sa's shareholder meeting presentation, May 16, 2024
Slide 1: 2024 Annual Shareholders' Meeting
2024 ANNUAL SHAREHOLDERS’ MEETING MAY 16TH, 2024
Slide 2: Jean Castex, RATP Group Chairman and CEO
Jean CASTEX RATP Group Chairman and Chief Executive Officer Assemblée Générale des Actionnaires – 16 mai 2024 2
Slide 3: 2024 Annual Shareholders' Meeting
2024 ANNUAL SHAREHOLDERS’ MEETING MAY 16TH, 2024
Slide 4: Agenda
AGENDA 01. 2 0 2 3 HIG HLIG HT S AND M AIN 06. C LIM AT E S T R AT EG Y UP DAT E AND AC HIEV EM ENT S INIT IAT IV ES T O DAT E Christopher Guérin, CEO Marc Grynberg, Climate Director 02. 2 0 2 3 FINANC IALS 07. C OR P OR AT E G OV ER NANC E AND Jean-Christophe Juillard, Deputy CEO and CFO C OM P ENS
Slide 5: Highlights & Main Achievements
01 HIGHLIGHTS & MAIN ACHIEVEMENTS Christopher GUÉRIN CEO 2024 Annual Shareholders’ Meeting – May 16th, 2024 5
Slide 6: Megatrends in Electrification
c ha nge Unprec edented needs Megatrends in f or Electrification of ra w ma teria ls 2024 Annual Shareholders’ Meeting – May 16th, 2024 6
Slide 7: The switch from fossil fuels to renewables
The switch from Renewable Energy Global capacities fossil fuels to renewables is the 104 296 gateway to the 1765 all-electric world 2742 170 1411 6101 1007 1552 2023 NZE 2030 Solar PV Wind Hydropower Bioenergy Other renewables 7
Slide 8: Power transmission as a sustainable solution
Power transmission is a sustainable solution for managing surpluses and shortages of high voltage cables interconnection projects to be installed between implemented in Europe, 2020 and 2030 21 under development 2024 Annual Shareholders’ Meeting – May 16th, 2024 8
Slide 9: The grid is not positioned for increased demand
The grid is not currently positioned to handle increased power demand and the arrival of wind and solar No storage capabilities Renewables not well supported of grid infrastructure will need to be added or Old infrastructure refurbished worldwide by 2040 Grid resilience 9
Slide 10: Electrification is the fastest way to decarbonize
Electrification is the fastest way to decarbonize the world Electric Vehicles Heating and Cooling electricity demand by Digitalization 2030 Urbanization 10
Slide 11: Refocusing on Electrification
Refocusing on Electrification A strategic leap forward unveiled in 2021 11
Slide 12: Our strategy touches every aspect of electrification
Generation Our strategy touches every Distribution aspect of Electrification 2024 Annual Shareholders’ Meeting – May 16th, 2024 12
Slide 13: Investments supporting our Electrification amplification strategy
Investments supporting our Electrification amplification strategy HALDEN PLANT EXPANSION, NEXANS ELECTRA: THIRD MoU FOR A MEDIUM VOLTAGE €40M FIRE SAFETY AND NORWAY CABLE-LAYING VESSEL GREENFIELD IN MOROCCO INDUSTRY 4.0 INVESTMENT IN AUTUN PLANT, FRANCE Completed on-time Benefits in 2026 and Driving
Slide 14: Enhancing Electrification profile
Enhancing Electrification profile +€1.2Bn sales acquired in Electrification EXIT TELECOM & DATA AMPLIFY USAGE & DISTRIBUTION DISPOSAL OF TELECOM REKA CABLES ACQUISITION IN CENTELSA ACQUISITION LA TRIVENETA C A V I ACQUISITION SYSTEMS BUSINESS, 2023 FINLAND, 2023 IN COLOMBIA, 2022 ITALY, 2024 ONGOING
Slide 15: A unique and disruptive model
A unique and disruptive model 1. Environmental Management 1. Financial data 2. Circular economy 2. Customers 3. Climate 3. Innovation 4. Decarbonized offers 4. Competitivity E3 1. Inclusion and diversity | 2. Training | 3. Suppliers Engagement | 4. Safety 15
Slide 16: Employee engagement at the heartbeat of the company
Employee engagement at the heartbeat of the company EMPLOYEE ENGAGEMENT RATE 80% 2021 2022 2024 2025 TARGET 2024 Annual Shareholders’ Meeting – May 16th, 2024 16
Slide 17: Capital Markets Day 2024
CAPITAL MARKETS DAY 2024 2024 Annual Shareholders’ Meeting – May 16th, 2024 17
Slide 18: 2023 Financial Results
02 2023 FINANCIAL RESULTS Jean-Christophe JUILLARD Deputy CEO & CFO 2024 Annual Shareholders’ Meeting – May 16th, 2024 18
Slide 19: Structurally improved our business
Structurally improved our business On-track to fulfill our 2024 commitments REPORTED EBITDA (€M) AND NORMALIZED FREE CASH ROCE (%) EBITDA MARGIN (%) FLOW (€M) & NCCR ELECTRIFICATION 665 14% 22% 29% 26% 599 GROUP 463 454 20.5% 20.7% 10% 376 393 16.4% 347 9% 108% 227 68% 10.2% 66% 8% 6% 49% 2020 2021
Slide 20: Robust profitability
Robust profitability NON-ELECTRIFICATION OTHER ACTIVITIES GROUP ELECTRIFICATION BUSINESSES (INDUSTRY & SOLUTIONS) (MAINLY METALLURGY) ORGANIC GROWTH1 +13.7% -17.9% 2023 vs 2022 -0.9% -1.5% +3.0% EXCL. OTHER ACTIVITIES +2.4% EXCL. UMBILICALS 6,745 6,512 3,884 3,736 1,559 1,750 1,302 1,026 9.1% 10.2%
Slide 21: Gradual performance improvement in H2
Gradual performance improvement in H2 +1% RECORD GENERATION & TRANSMISSION org. ADJUSTED BACKLOG (€Bn) Group Standard sales +74% 958 870 €6.1Bn -48% 159 NEW AWARDS €3.5Bn TenneT 2GW Offshore Wind 52 frame-agreement €2.3Bn 17% 83 30 10.8% 9.5% Great Sea Interconnector 7.8% DEC 21 DEC 22 DEC 23 2022 2
Slide 22: Secular trends driving record margins
Secular trends driving record margins +5% org. +78% Group Standard sales 1,186 1,088 156 Launch of the Connected 1st LOW-CARBON objects 13% OFFER in France 88 8% GHG reduction versus 2022 vs standard cables 2022 2023 2022 2023 STANDARD SALES (€M) ADJ. EBITDA (€M) 22
Slide 23: Structural profitability improvement offsetting volume normalization
Structural profitability improvement offsetting volume normalization -6% org. Group Standard sales 1,837 +4% 1,679 221 229 Active and Smart packaging 14% engaged users Launch of the new 12% range in Latam versus 2022 2022 2023 2022 2023 STANDARD SALES (€M) ADJ. EBITDA (€M) 23
Slide 24: Robust performance and downsizing of Metallurgy
Robust performance Continuous downsizing of Metallurgy +14% -18% Group Standard sales Group Standard sales org. org. 1,302 1,750 +4% 1,559 1,026 185 135 11% 9% 13 13 2022 2023 2022 2023 2022 2023 2022 2023 STANDARD SALES (€M) ADJ. EBITDA (€M) STANDARD SALES (€M) ADJ. EBITDA (€M) 24
Slide 25: Robust balance sheet maintained
maintained STRONG CASH-FLOW FROM OPERATIONS 400 0.4x 0.4x ALLOCATION IN 2023 €511m 350 300 250 0.2x €199m 200 214 150 182 100 €79m 50 74 0 DEC 2021 DEC 2022 DEC 2023 €93m Net Debt Leverage(1) (1) Average of last two published net debt / LTM EBITDA. EBITDA calculated as per Revolving Credit Facility
Slide 26: Attractive shareholder returns
Attractive shareholder returns: +270% over 5 years DIVIDEND/SHARE (€) +92% TOTAL SHAREHOLDER RETURN AT DECEMBER 31, 2023(3) 2.3 2.1 Dividend payout in 2023(2) 3-year TSR 1.2 2021-2024 target: 0.7 0.3 5-year TSR – 2018 2019 2020 2021 2022 2023 PROPOSED DIVIDEND(1) (1) Subject to Nexans Annual Shareho
Slide 27: Delivering on our 2024 commitments
Delivering on our 2024 commitments 2021 CMD COMMITMENTS 2024 OBJECTIVES 2023 ACHIEVEMENTS GROUP EBITDA MARGIN % (1) ELECTRIFICATION ACTIVITIES NORMALIZED CASH CONVERSION % (1) GROUP ROCE ELECTRIFICATION ACTIVITIES OWC GROUP LEVERAGE RATIO(2) GROUP (1) EBITDA incl. IFRS 2 Share-based payment expenses
Slide 28: Q1 2024 Sales and 2024 Outlook
03 Q1 2024 SALES AND 2024 OUTLOOK Jean-Christophe JUILLARD Deputy CEO & CFO 2024 Annual Shareholders’ Meeting – May 16th, 2024 28
Slide 29: Main highlights
Main highlights Q1 GROUP SALES ACCELERATION IN ROBUST BALANCE SHEET GROUP Standard Sales (€m) ORGANIC GROWTH ELECTRIFICATION BUSINESSES MAINTAINED €1,692m Q1 2024 vs Q1 2023 Q1 2024 vs Q1 2023 Bond issuance €1,674m Standard sales organic growth Standard sales growth €1,623m DOUBLING MANUFACTURING IN
Slide 30: Good start to the year
Good start to the year: +4.7% org. in Q1 2024 excl. Other NON-ELECTRIFICATION OTHER ACTIVITIES GROUP ELECTRIFICATION BUSINESSES (INDUSTRY & SOLUTIONS) (MAINLY METALLURGY) ORGANIC GROWTH1 Q1 2024 vs Q1 2023 +4.7% EXCL. OTHER ACTIVITIES €1,692m €1,674m €942m €1,025m €449m €447m €282m €220m €1,591m STA
Slide 31: 2024 outlook confirmed
confirmed OVERALL GROUP (Excluding non-closed acquisitions and divestments) ADJ. EBITDA NORMALIZED FREE Page CASH FLOW 31 €670M–€730M €200M–€300M 2024 Annual Shareholders’ Meeting – May 16th, 2024 31
Slide 32: Successful Integration Highlight
04 SUCCESSFUL INTEGRATION HIGHLIGHT Julien HUEBER Executive VP Distribution & Usage EUROPE / APAC 2024 Annual Shareholders’ Meeting – May 16th, 2024 32
Slide 33: Refocus on electrification
Refocus on electrification • Centelsa (Colombia) in 2022 Helsinki, Finland • Reka Cables (Finland) in 2023 Italy • La Triveneta Cavi (Italy) in 2024 (ongoing*) Cali, Colombia • Respectful integration of people capital • Maximizing synergies and value creation • Exceeding expectations: a remarkable s
Slide 34: Electrify Latin America
Electrify Latin America – €M Base Case Revised Case 16 PEOPLE 10 +55% PRODUCTION UNITS Run-rate synergies significantly ahead of schedule CURRENT SALES 2022 2023 2024 2025 CENTELSA 34
Slide 35: Electrify the Nordics
Electrify the Nordics – €M Base Case Revised Case 15 12 PEOPLE 10 +60% 8 Run-rate synergies 5 6-12 PRODUCTION UNITS months Ahead of schedule 0 2023 2024 2025 CURRENT SALES REKA CABLES 35
Slide 36: Nexans to acquire La Triveneta Cavi in Italy
Nexans to acquire iconic La Triveneta Cavi in Italy* A decisive step to accelerate electrification pure-player strategy MONTECCHIO MAGGIORE ‒ In-house copper drawing facility BRENDOLA PEOPLE ‒ HQ ‒ 2 Production Units ‒ Logistic Unit TOLENTINO PRODUCTION UNITS Low-voltage cables manufacturer (mainly
Slide 37: Vertical Integration and Circular Economy
05 VERTICAL INTEGRATION AND CIRCULAR ECONOMY Vincent DESSALE Chief Operating Officer, Senior Executive VP 2024 Annual Shareholders’ Meeting – May 16th, 2024 37
Slide 38: Nexans turns scarcity of raw materials into an opportunity
Nexans turns scarcity of raw materials in an opportunity ANTICIPATED GLOBAL SCARCITY OF COPPER A VERTICALLY INTEGRATED GLOBAL LEADER NEXANS’ METALLURGICAL PLANT LOCATIONS 660,000 tonnes/year of rod production capacities 38
Slide 39: Largest autonomous player for copper sourcing
Nexans, the largest autonomous player for copper sourcing ANTICIPATING RISK WITH KEY FRAMEWORK AGREEMENTS FOR COPPER CATHODES SUPPLY A DIVERSIFIED SOURCING WITH LONG-TERM CONTRACTS Poland: KGHM Chile: Codelco, BHP Australia: BHP 39
Slide 40: Strategic partnerships for Aluminum
Strategic partnerships for Aluminum LONG-TERM CONTRACTS TECHNNICAL COLLABORATIONS • Trimet: aluminum recycling • Trimet, Hydro, RTA • Alcoa: low-carbon aluminum (Elysis • 72% of our low-carbon sourcing technology) 40
Slide 41: Accelerate circular economy
Accelerate circular economy 2023 2030 RECYCLED COPPER RECYCLED COPPER 2024 Annual Shareholders’ Meeting – May 16th, 2024 41
Slide 42: Today's waste is tomorrow's growth
Today’s waste is tomorrow’s growth EMBRACE AN ECOSYSTEMIC APPROACH 9,410 • Recycling our cables with RECYCÂBLES tonnes of production waste • Recovering cable waste from our customers from our cable plants, recycled in • Collecting scrap from end users 2023 with RECYCÂBLES 42
Slide 43: Climate Roadmap Update and Initiatives to Date
06 CLIMATE ROADMAP UPDATE AND INITIATIVES TO DATE Marc GRYNBERG Climate Director 2024 Annual Shareholders’ Meeting – May 16th, 2024 43
Slide 44: 2023 progress
Engagements & Workstreams 4 2023 progress • TCFD(2) & Biodiversity preliminary studies initiated • New regulation implementation (CSRD(1)) • Communication plan • EU Taxonomy evolution follow up validated 3 • Climate Strategy & Roadmap validated and deployed 2 1 • Board Climate training session organ
Slide 45: GHG emissions reduction targets validated by SBTi
Targets validated by the SBTI SCIENCE BASED INITIATIVE (SBTi) TARGETS VS 2019 BASE YEAR SCOPE 3 EMISSIONS Good performance and progress to date occurs in stages and UPSTREAM PURCHASE OF cannot be extrapolated linearly to the year 2030 FREIGHT RAW MATERIALS GHG emissions reduction (in %) SCOPE 1 -22%
Slide 46: 2024 Engagements & Workstreams
2024 Engagements & Workstreams ENGAGEMENTS & WORKSTREAMS Climate 2023 2023 CSRD Climate Roadmap Climate BoD URD Shareholders Interim work Day CMD session meeting 2024 Nexans Roadmap TCFD & Circular ESG Climate BoD CSRD Biodiversity Economy Rating session EoY Work agencies • Monitor decarbonization r
Slide 47: Improvements acknowledged by Non-Financial Performance Agencies
Improvements acknowledged by Non-Financial Performance Agencies OUR COMMITMENTS MAIN ACTUAL EXTRA-FINANCIAL RATINGS 2024 Annual Shareholders’ Meeting – May 16th, 2024 47
Slide 48: Corporate Governance and Compensation
07 CORPORATE GOVERNANCE AND COMPENSATION Anne LEBEL Lead Independent Director, Chairperson of the Appointments and Corporate Governance Committee and of the Compensation Committee 2024 Annual Shareholders’ Meeting – May 16th, 2024 48
Slide 49: Robust corporate governance and board practices
Robust corporate governance and board practices 14 MEMBERS (57%WOMEN, 43%MEN) 4 DIRECTORS 10 MAIN AREAS 3 DIRECTORS JEAN MOUTON JANE BASSON1 LAURA MARC GRYNBERG TAMARA DE GRUYTER2 HUBERT PORTE PROPOSED BY MAJOR OF EXPERTISE REPRESENTING ANNE LEBEL BERNARDELLI Independent Director Independent Directo
Slide 50: Committees of the Board
of the Board ACCOUNTS, AUDIT APPOINTMENTS & CORPORATE & RISK COMMITTEE GOVERNANCE COMMITTEE Chair : Laura Bernardelli Chair : Anne Lebel Members : 4 Members : 5 Independent : 75% Independent : 60% Women : 50% Women : 80% Meetings : 4 Meetings : 5 Participation : 100% Attendance : 92% 1 joint session
Slide 51: Independent Directors
Independent Directors RESOLUTIONS 4 AND 5 RENEWAL APPOINTMENT Jane BASSON Tamara DE GRUYTER • Head of Transformation, Corporate Secretary • President Portfolio Business and member of and member of the Executive Committee the Management Board of the Finnish of Airbus Defence and Space Company Wärtsil
Slide 52: Tamara De Gruyter
Tamara DE GRUYTER President Portfolio Business and member of the executive board at Wärtsilä 2024 Annual Shareholders’ Meeting – May 16th, 2024 52
Slide 53: Representing employees
Representing employees DESIGNATED BY THE EUROPEAN WORK COUNCIL Elisabetta IACONANTONIO • Expert General accountant on Pioltello industrial site in Italy • Designated by Nexans European Work Council • Date of effect: May 16, 2024 • Italian nationality, 42 years old • Expertise: 2024 Annual Shareholde
Slide 54: Elisabetta Iaconantonio
Elisabetta IACONANTONIO * General Accounting Specialist My namejis Elisabetta laconantonio
Slide 55: Corporate governance and compensation
Corporate governance and compensation RESOLUTION 9 ITEM PAID IN FISCAL YEAR 2023 OR GRANTED IN RESPECT OF FISCAL YEAR 2023 TO BOARD 2023 COMPENSATION OF DIR EC T OR S MEMBERS AND CORPORATE OFFICERS AND C OR P OR AT E OFFIC ER S Chairman of the Board of Directors Resolution 10 Comprehensive presentat
Slide 56: Compensation of the Chairman of the Board
Corporate governance and compensation RESOLUTION 10 2023 COMPENSATION OF J E A N M OUT ON, C HAIR M AN OF T HE B OAR D OF DIR EC T OR S ITEMS PAID IN FISCAL YEAR 2023 OR GRANTED IN RESPECT OF FISCAL YEAR 2023 TO JEAN MOUTON, CHAIRMAN OF THE BOARD OF DIRECTORS Reminder Fixed compensation €320,000 The
Slide 57: Compensation of the Chief Executive Officer
Corporate governance and compensation RESOLUTION 11 2023 COMPENSATION OF C HR IS T OP HER G UÉR IN, C HIEF EX EC UT IV E OFFIC ER ITEMS PAID IN FISCAL YEAR 2023 OR GRANTED IN RESPECT OF FISCAL YEAR 2023 TO CHRISTOPHER GUÉRIN, CHIEF EXECUTIVE OFFICER Other commitments given Fixed compensation for 202
Slide 58: Compensation for Directors and Chairman
Corporate governance and compensation RESOLUTIONS 12 AND 13 2023 COMPENSATION FOR DIR EC T OR S AND T HE C HAIR M AN OF T HE B OAR D OF DIR EC T OR S Comprehensive presentation of compensation policy in the Universal Registration Document (p. 229 to 237) ANNUAL COMPENSATION FOR DIRECTORS • Unchanged
Slide 59: 2024 compensation policy for the CEO
Corporate governance and compensation RESOLUTION 14 2024 COMPENSATION POLICY FOR T HE C HIEF EX EC UT IV E OFFIC ER FOR 2024, 2025, 2026, THE BOARD OF DIRECTORS PROPOSES A COMPENSATION POLICY WHICH IS Competitive Balanced Consistent In line with market practice Balance between short-term and With re
Slide 60: Compensation policy for 2024, 2025, 2026
Corporate governance and compensation RESOLUTION 14 COMPENSATION POLICY FOR 2024, 2025, 2026 2024 COMPENSATION POLICY FIXED COMPENSATION €950,000 No performance condition FOR THE CHIEF EXECUTIVE OFFICER Target 100% of the fixed compensation ANNUAL VARIABLE €950,000 150% maximum of the fixed compensa
Slide 61: Employee shareholding plan for 2025
Corporate governance and compensation RESOLUTIONS 17 AND 18 EMPLOYEE SHAREHOLDING PLAN FOR 2 0 2 5 EMPLOYEE SHAREHOLDING PLAN (ACT 2025) 3.6% 17% • Associating Nexans' employees with the Group's success and SHARE CAPITAL HELD BY EMPLOYEES EMPLOYEE SHAREHOLDERS future value creation • Uniting all emp
Slide 62: Long-term compensation policy
Corporate governance and compensation RESOLUTIONS 19 TO 21 LONG - T ER M COMPENSATION POLICY RESOLUTION 19: 2025 PERFORMANCE SHARES • Number of shares to be granted to Group’s senior managers including the Chief Executive Officer: 330,000 shares • Vesting period: 4 years • Performance conditions to
Slide 63: Reports of Statutory Auditors
08 REPORTS OF STATUTORY AUDITORS Edouard DEMARCQ PricewaterhouseCoopers Audit 2024 Annual Shareholders’ Meeting – May 16th, 2024 63
Slide 64: Reports of statutory auditors
Reports of statutory auditors 3 REPORTS FOR THE 6 REPORTS FOR THE ORDINARY SHAREHOLDERS’ MEETING EXTRAORDINARY SHAREHOLDERS’ MEETING • Report on the consolidated financial statements (pages • On the capital reduction 317 to 320 of the Universal Registration Document) (resolution 16) • Report on the
Slide 65: Auditors' reports: Ordinary shareholders' meeting
Reports of statutory auditors Ordinary shareholders’ meeting ON THE 2023 CONSOLIDATED FINANCIAL STATEMENTS In our opinion, the consolidated financial statements give a true and fair view of the assets and liabilities and of the financial position of the Group. We have no comments on the information
Slide 66: Auditors' reports: corporate statements and related-party agreements
Reports of statutory auditors Ordinary shareholders’ meeting ON THE 2023 CORPORATE FINANCIAL STATEMENTS AND RELATED-PARTY AGREEMENTS We certify that the annual financial statements give a true and fair view of the assets and liabilities and of the We have no comments to make on the management report
Slide 67: Auditors' reports: Extraordinary shareholders' meeting
Reports of statutory auditors Extraordinary shareholders’ meeting REPORTS FOR THE EXTRAORDINARY SHAREHOLDERS’ MEETING • On the capital reduction (resolution 16) We have no comments to make on the terms and • On authorizations for the international employee conditions of the proposed transactions. sh
Slide 68: Questions & Answers
QUESTIONS & ANSWERS 2024 Annual Shareholders’ Meeting – May 16th, 2024 68
Slide 69: Presentation of Resolutions and Vote
09 PRESENTATION OF RESOLUTIONS AND VOTE Nino CUSIMANO Secretary General and Group General Counsel 2024 Annual Shareholders’ Meeting – May 16th, 2024 69
Slide 70: Resolution #01
Resolution #01 Approval of the consolidated financial statements 2023 . 2024 Annual Shareholders’ Meeting – May 16th, 2024 70
Slide 71: Resolution #02
Resolution #02 Approval of the company’s financial statements 2023 – management report . 2024 Annual Shareholders’ Meeting – May 16th, 2024 71
Slide 72: Resolution #03
Resolution #03 Allocation of income for 2023 fiscal year and setting of the dividend . 2024 Annual Shareholders’ Meeting – May 16th, 2024 72
Slide 73: Resolution #04
Resolution #04 Renewal of the term of office of Jane Basson as Director . 2024 Annual Shareholders’ Meeting – May 16th, 2024 73
Slide 74: Resolution #05
Resolution #05 Appointment of Tamara de Gruyter as Director . 2024 Annual Shareholders’ Meeting – May 16th, 2024 74
Slide 75: Resolution #06
Resolution #06 Renewal of the term of office of the company PricewaterhouseCoopers Audit as Statutory Auditor . 2024 Annual Shareholders’ Meeting – May 16th, 2024 75
Slide 76: Resolution #07
Resolution #07 Appointment of the company PricewaterhouseCoopers Audit as Statutory Auditor in charge of certification of sustainability information . 2024 Annual Shareholders’ Meeting – May 16th, 2024 76
Slide 77: Resolution #08
Resolution #08 Appointment of the company Mazars as Statutory Auditor in charge of certification of sustainability information . 2024 Annual Shareholders’ Meeting – May 16th, 2024 77
Slide 78: Resolution #09
Resolution #09 Approval of the information relating to the compensation items paid during the fiscal year ended on December 31st, 2023, or granted for the same fiscal year to Nexans corporate officers . 2024 Annual Shareholders’ Meeting – May 16th, 2024 78
Slide 79: Resolution #10
Resolution #10 Approval of the items of compensation paid during the fiscal year ended on December 31st, 2023, or granted for the same fiscal year to Jean Mouton, Chairman of the Board of Directors . 2024 Annual Shareholders’ Meeting – May 16th, 2024 79
Slide 80: Resolution #11
Resolution #11 Approval of the items of compensation paid during the fiscal year ended on December 31st, 2023, or granted for the same fiscal year to Christopher Guérin, Chief Executive Officer . 2024 Annual Shareholders’ Meeting – May 16th, 2024 80
Slide 81: Resolution #12
Resolution #12 Approval of the compensation policy of the members of the Board of Directors for the fiscal year 2024 . 2024 Annual Shareholders’ Meeting – May 16th, 2024 81
Slide 82: Resolution #13
Resolution #13 Approval of the compensation policy of the Chairman of the Board of Directors for the fiscal year 2024 . 2024 Annual Shareholders’ Meeting – May 16th, 2024 82
Slide 83: Resolution #14
Resolution #14 Approval of the compensation policy of the Chief Executive Officer for the fiscal year 2024 . 2024 Annual Shareholders’ Meeting – May 16th, 2024 83
Slide 84: Resolution #15
Resolution #15 Authorization to be granted to the Board of Directors to carry out transactions involving Company shares . 2024 Annual Shareholders’ Meeting – May 16th, 2024 84
Slide 85: Resolution #16
Resolution #16 Authorization to be granted to the Board of Directors for the purpose of reducing the Company's share capital by cancellation of its own shares . 2024 Annual Shareholders’ Meeting – May 16th, 2024 85
Slide 86: Resolution #17
Resolution #17 Delegation of authority to be granted to the Board of Directors for the purpose of deciding to increase the share capital via the issuance of shares and securities granting access to the share . capital, and reserved for members of savings plans, without shareholders’ preferential sub
Slide 87: Resolution #18
Resolution #18 Delegation of authority to be granted to the Board of Directors for the purpose of carrying out a share capital increase reserved for a category of beneficiaries, allowing for an employee . shareholding plan to be offered to employees of certain foreign Group subsidiaries, without sha
Slide 88: Resolution #19
Resolution #19 Authorization to be granted to the Board of Directors for the purpose of granting in 2025 existing or newly issued free performance shares to employees and corporate officers of the Group or to some of them . • Ceiling: nominal value of EUR 330 000 • Duration: 12 month-period beginnin
Slide 89: Resolution #20
Resolution #20 Authorization to be granted to the Board of Directors for the purpose of granting in 2025 existing or newly issued free non-performance shares to employees and corporate officers of the . Group or to some of them • Ceiling: nominal value of EUR 50 000 • Duration: 12 month-period begin
Slide 90: Resolution #21
Resolution #21 Authorization to be granted to the Board of Directors for the purpose of granting existing or newly issued performance shares to employees and corporate officers of the Group or to some of them, linked to the new strategic plan . • Ceiling: nominal value of EUR 130 000 • Duration: 12
Slide 91: Resolution #22
Resolution #22 Amendment of Article 16 of the Company’s bylaws: removal of the obligation to appoint an alternate Statutory Auditor . 2024 Annual Shareholders’ Meeting – May 16th, 2024 91
Slide 92: Resolution #23
Resolution #23 Non-renewal of an alternate Statutory Auditor . 2024 Annual Shareholders’ Meeting – May 16th, 2024 92
Slide 93: Resolution #24
Resolution #24 Powers for formalities . 2024 Annual Shareholders’ Meeting – May 16th, 2024 93
Slide 94: Thank you
Thank you nexans.com 94
Slide 95: Glossary
Glossary Adjusted Generation & Transmission backlog: Backlog adjusted for secured but not yet Organic growth: Standard sales growth as a percentage of prior-year standard sales. Organic implemented Subsea, Land and Special Telecom contracts. growth is a measure of growth excluding the impact of chan