Nexus Infrastructure : Full year results presentation FY25

About this update from Nexus Infrastructure Plc

‌Essential Infrastructure Solutions FY25 Results Presentation March 2026 ‌Presentation Team Agenda Introduction to Nexus Infrastructure plc FY25 Strategy and Progress Key Financials Review of Markets Summary and Close Charles Sweeney Chief Executive Officer Dawn Hillman Chief Financial Officer 2 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Delivering Essential Infrastructure Solutions Civil engineering in infrastructure sectors critical to the UK Housebuilding sector Water, rail, highways, rivers & marine sectors 3 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Tamdown Group Limited Focussed on housebuilding sector Strong brand which has been developed over 49 years with a loyal customer base Civil engineering of site enabling, earthworks, roads, drainage systems, trenching and foundations Recognised for its experience and capabilities in complex, long-term multi-phase developments Well positioned for the recovery of the housebuilding sector 4 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Coleman Construction & Utilities Limited Strategic acquisition providing diversification and sector expansion Delivering infrastructure projects for over 25 years in water, rail, highways and rivers & marine sectors Current operating areas - Kent / East Sussex through to Hampshire Water Sector - transitioning into new AMP8 five-year programme of activity Rail Sector - now involved in the CP7 delivery plan to 2029 and beyond 5 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌FY25 Strategy and Progress Building and growing customer relationships, supported by high-quality service, competitive pricing and a longstanding focus on health and safety Secured several new awards on large multi-phase projects for the UK's major housing developers FY25 £88.8m FY24 £55.5m FY23 £32.3m Introducing diversification to reduce the impact of market cycles and to access higher margin sectors Completed the acquisition of Coleman - positioned well in sectors including water and rail FY25 31% Growing with our customers Housebuilding - New Contract Awards 6 Expanding our market Improving financial performance by driving operational improvements whilst maintaining a tight control of costs FY25 14.0% FY24 13.5% FY23 5.8% FY25 £1.5m 1 FY24 £1.9m FY23 £2.4m 1 Excludes costs associated with Coleman acquisition, net of other income Focus on financial delivery Reduction in Nexus overhead costs Improvement in Tamdown Gross Margin Coleman Gross Margin Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Key Financials 7 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Group Performance £m FY 2025 FY 2024 Revenue 65.9 56.7 Gross Profit 10.3 7.7 Operating loss before exceptionals (1.1) (1.9) Exceptional items (0.8) (0.3) Operating loss after exceptionals (1.9) (2.2) Net finance expense (0.5) (0.5) Tax - - (Loss) attributable to equity holders (2.4) (2.7) Audited Revenue increased by 16% Gross margin 15.6% (FY24 13.5%) Central overheads reduced by 21% Operating loss before exceptionals reduced to -£1.1m Exceptionals relate to cost of acquiring Coleman including £0.3m of deferred contingent consideration 8 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Balance Sheet Audited £m FY 2025 FY 2024 Property, plant & equipment 4.6 5.1 Right of use assets 11.2 10.3 Goodwill 3.6 2.4 Receivables & contract assets 21.3 24.4 Corporation tax asset - - Cash and cash equivalents 10.9 12.8 Total Assets 51.6 55.0 Trade & contract liabilities 12.1 13.8 Lease liabilities 11.5 11.2 Corporation tax 0.2 - Other payables 0.5 - Total Liabilities 24.3 25.0 Net Assets 27.3 30.0 9 Reduction in overdue debt and retention payments due Cash remains strong - after the acquisition of Coleman - to support working capital during growth Net assets robust at £27.3m Dividends at 3.0p per share for the full year Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Review of Markets 10 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Housebuilding Sector Government Target 370,000 Gap is significant Fundamentals remain strong Long-term undersupply of housing Government target 370,000pa Sustainable increase in housebuilding needed Positives Changes to planning regulations Reduction in mortgage interest rates Political 'pressure' may force further Government actions in 2026 2001 2025 Source: MHCLG 11 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Housebuilding Sector Government Target 370,000 Gap is significant Number of units Number of projects Planning approvals Lowest Q'ly units total since Q2 2012 Number of projects approved in Q3 45% down year-on-year Positives Approaching an inflection point? Changes to Planning regulations should have an impact Q1 2006 Q3 2025 Source: HBF 12 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Housebuilding Sector Government Target 370,000 Gap is significant Planning approvals Lowest Q'ly units total since Q2 2012 Number of projects approved in Q3 45% down year-on-year Positives Approaching an inflection point? Changes to Planning regulations should have an impact Number of units Number of projects Q1 2006 Q3 2025 Source: HBF 13 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Housebuilding Sector NHBC - New Homes Registered 2025 up 11% on 2024 Private sector 12% up Positives An early indicator of increased activity on sites (plots are normally registered with NHBC before construction starts) Source: HBF Source: NHBC 14 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Housebuilding Sector 300,000 200,000 Planning Portal - Proposed Units 2024 number of units 209,876 2025 number of units 335,387 Positives Important change of direction Number of units in planning applications is a leading indicator of potential future activity Source: HBF 2020 2021 2022 2023 2024 2025 Source: Planning Portal / TerraQuest 15 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Housebuilding Sector Planning Portal - Proposed Units 2024 number of units 209,876 2025 number of units 335,387 Source: HBF Positives Important change of direction Number of units in planning applications is a leading indicator of potential future activity The change on Q'ly basis is even more pronounced Source: Planning Portal / TerraQuest 16 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Strategy in action Vistry Group | Tovil, Kent Type: Residential infrastructure and groundworks Value: c£17m Duration: 4 years Project commenced in April 2025 272 residential units 6,500 metres of roads The Tovil site in Maidstone presents a technically challenging build, demanding smart engineering and careful co-ordination. Despite the complexity, the Team, in partnership with Tamdown, are driving a fast-paced delivery programme to achieve high-quality results for Vistry. Brendan Evans Regional Managing Director Vistry Group Complex Sustainable Urban Drainage System (SUDS) strategy to install 13 large underground tanks, which will help manage rainwater and prevent flooding 112 plots completed to date 17 ‌Strategy in action Bloor Homes | Basildon, Essex Type: Residential infrastructure and groundworks Value: c£16m Duration: 5 years Project commenced in November 2024 269 residential units 10,000 metres of adoptable roads At our development near Basildon, we have faced challenging ground conditions and foundation solutions. Working collaboratively with Tamdown we have maintained high standards of health & safety and build quality, as well as achieving key targets as part of a fast-paced programme, together with successfully controlling costs. Tamdown remain a key part of the success of this project. Steve Boreham Construction Director Bloor Homes Sustainable Urban Drainage System (SUDS) includes a large drainage basin and underground tank Seven areas of Section 278 works, enhancing local infrastructure and connectivity 18 ‌Water Sector Investment profile 5-year AMP8 £104bn vs AMP7 £61bn Strategy horizon 25 years Drivers: climate change, population growth, aging infrastructure and environmental standards Positives Non-discretionary spend Framework contracts Higher margins Source: DEFRA 19 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Strategy in action Coleman integration Coleman acquired early FY25 Integration carefully planned Benefits of systems for People (HR), Operations, Payroll and Finance After nearly 25 years as Founder and Managing Director of Coleman Construction & Utilities, I felt it was the right time to take the next step and set the company up for future growth. Joining forces with Nexus was a big decision, but one that felt right for both our people and our long-term vision. Now, more than a year since the acquisition, I can honestly say it was the right move. Working with Nexus has been a fantastic experience - they're a driven, supportive and highly successful company that shares the same values we built Coleman on. Coleman's future in the water industry is expanding rapidly and successfully, and I couldn't be prouder of how far we've come - and I'm even more excited for what's ahead within Nexus Infrastructure. Barry Coleman Managing Director Coleman Construction & Utilities Limited Collaborative 'Building Sustainable Growth' programme to prepare for AMP8 growth opportunities Sharing of expertise across the wider Group 20 ‌Water Sector Southern Water AMP8 £8.6bn expenditure (double AMP7) Slower start than SW planned Significant ramp-up Positives Collaborative approach Experience and know-how valued 25-year horizon Source: Southern Water 21 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Strategy in action CMDP+ | Tunbridge Wells, Kent Type: Wastewater upgrade Value: c£2m Duration: >1 year Phase 2 awarded following performance on Phase 1 Major excavation work, access roads and drainage New pumps and pipework in congested areas Coleman delivered exceptional performance at Tunbridge Wells South UIMP5 project, which was complex and demanding. Despite numerous technical challenges and shifting requirements, they consistently demonstrated strong problem-solving skills and clear communication with a proactive approach. Their expertise, attention to detail and commitment to meeting deadlines were instrumental to keeping the project on track. Jeff Tighe Construction and Delivery Lead CMDP+ 600mm pipe installed at 5m depth Final Settlement Tank - 24.5 metre diameter Noted for maintaining delivery during challenging weather conditions 22 ‌Summary 23 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Summary Outlook Strategy FY25 Housebuilding ꟷ potential uptick '26; long-term strong Water ꟷ AMP8 significant capital expenditure ahead Order book - foundations for FY26, seasonally H2 weighted 1 Before exceptionals 24 Nexus Infrastructure plc | FY25 results presentation March 2026 • • • • • Set at end of FY23 Stabilise operations New path for Nexus Re-introduce growth Return Group to profitability • • • • • Revenue up 16% GM increased to 15.6% 21% reduction central costs Order book up 62% Operating loss reduced by 42% to £(1.1m) 1 ‌Appendix 25 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Board Richard Kilner Independent Non-Executive Chairman Charles Sweeney Chief Executive Officer Dawn Hillman Chief Financial Officer Appointed to Board: 2016 Core strengths and experience Significant M&A experience following 20 years with private equity companies Qualified Civil Engineer with over 20 years' experience within the civil engineering and construction sectors Strategic development, risk management, corporate governance, mergers and acquisitions, commercial Appointed to Board : 2023 Core strengths and experience Extensive Board-level experience in listed companies involved in the energy, civil infrastructure and residential construction sectors Strategy development and implementation Business transformation, performance improvement, commercial and operational risk management Appointed to Board : 2023 Core strengths and experience Extensive experience in the construction industry Experience in privately owned, equity-backed and plc businesses Accounting and finance, corporate governance, process improvement, risk, IT, strategic development, commercial Ffion Griffith Independent Non-Executive Director Claire Lacey Independent Non-Executive Director Dr Christian Wurst Non-Independent Non-Executive Director Appointed to Board: 2018 Core strengths and experience Over 30 years' experience in senior human resources roles Significant experience in professional services, technology and private equity sectors Organisational and culture, corporate governance, strategic development, compliance and regulation Appointed to Board: 2022 Core strengths and experience Significant experience in infrastructure and renewable energy sectors Qualified Chartered Accountant Appointed to Board: 2026 Core strengths and experience Significant experience in supply chain and industrial services including management of operational improvement, finance and commercial functions Currently Operational Performance Improvement Programs Director at Eurofins 26 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Nexus Infrastructure plc Nexus Park, Avenue East Skyline 120, Great Notley Braintree, Essex CM77 7AL https://www.nexus-infrastructure.com

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