Nexus Infrastructure : Half year results presentation

About this update from Nexus Infrastructure Plc

‌Essential Infrastructure Solutions‌ Half Year 2026 Results Presentation May 2026 ‌Presentation Team Agenda Introduction to Nexus Infrastructure plc HY26 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 | HY26 results presentation May 2026 ‌Delivering Essential Infrastructure Solutions Housebuilding sector Water, rail, highways, rivers & marine sectors 3 Nexus Infrastructure plc | HY26 results presentation May 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 | HY26 results presentation May 2026 ‌Coleman Construction & Utilities Limited 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 | HY26 results presentation May 2026 ‌HY26 Strategy and Progress Building and growing customer relationships, supported by high-quality service, competitive pricing and a longstanding focus on health and safety Further increase in the order book - large multi-phase projects for the UK's major housing developers £87.9m £80.8m £83.4m £51.6m Introducing diversification to reduce the impact of market cycles and to access higher margin sectors Coleman - early-stage activities on AMP8 - expected to ramp up later in the year £2.8m £3.1m Growing with our customers FY24 HY25 FY25 Housebuilding - order book growth 6 Expanding our market HY25 Improving financial performance by continually seeking improvements in productivity and managing costs Financial performance improving - gross margins increasing 14.9% 15.1% Focus on financial delivery HY25 HY26 Improvement in Gross Margin HY26 Water & Rail - Coleman revenues HY26 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Key Financials 7 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Financial Highlights - HY26 -£0.8m + 27.3 % H1 26 H1 25 H1 24 Operating (loss)/Profit before exceptional items (£m) (1.3) (1.1) (0.8) Revenue (£m) £32.3m H1 26 + 5.6 % H1 25 H1 24 32.3 30.6 25.8 Gross Profit (£m) £4.Gm H1 26 + 6.1 % H1 25 H1 24 4.G 4.6 3.5 Group revenue increased by 5.6% Housing sector revenue increased by 4.5% Revenue from Coleman increased by 15.6% Order Book (£m) £87.Gm H1 26 + 8.7 % H1 25 H1 24 87.G 80.8 72.0 Increased order book in Tamdown since FY25 year end (FY25 £83.4m) Group gross margin 15.1% Housing sector gross margin 13.7% Water sector gross margin 27.8% Cash (£m) £8.5m H1 26 -11.5% H1 25 H1 24 8.5 G.6 G.2 Cash to support working capital requirements of order book Loss reduced by £300k Tamdown operating loss halved Coleman continues to add profit to the Group 8 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Group Performance £m H1 2026 H1 2025 Revenue 32.3 30.6 Gross Profit 4.9 4.6 Operating loss before exceptionals (0.8) (1.1) Exceptional items - (0.5) Operating loss after exceptionals (0.8) (1.6) Net finance expense (0.2) (0.3) Tax - - (Loss) attributable to equity holders (1.1) (1.9) Unaudited Group revenue increased by 5.6% to £32.3m (HY25: £30.6m), in line with market expectations, with an improvement in gross margin to 15.1% (HY25: 14.9%). Group operating loss before exceptional items reduced to £0.8m (HY25: £1.1m). Gross margin 15.1% (HY25 14.9%) 9 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Balance Sheet £m H1 2026 H1 2025 Property, plant & equipment 4.5 6.5 Right of use assets 11.6 10.1 Goodwill 3.6 4.6 Receivables & contract assets 22.4 22.6 Corporation tax asset 0.1 - Cash and cash equivalents 8.5 9.6 Total Assets 50.7 53.4 Trade & contract liabilities 12.5 13.2 Lease liabilities 12.0 11.7 Corporation tax - 0.3 Other payables - 0.1 Total Liabilities 24.5 25.3 Net Assets 26.2 28.1 Unaudited Strong balance sheet maintained, with cash and cash equivalents of £8.5m (HY25: £9.6m). Net assets remain robust at £26.2m (HY25: £28.1m). Cash seeing the impact of revenue increases in the latter part of H1 Receivables tightly controlled An interim dividend of 1.0 pence per share will be paid to shareholders on the register on 22 May 2026. The shares will go ex-dividend on 21 May 2026 with payment being made to shareholders on 19 June 2026. 10 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Review of Markets 11 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Housebuilding sector Tamdown's Position Pre Middle East Conflict Middle East Conflict Early indications of an improving market -planning applications significantly up, mortgage rates easing, sales rates increasing Tamdown submitted tenders - highest level since pre-Covid Market news from developers on near-term outlook varies Some have expressed concerns on future sales and cost inflation Key question - how long before there is a resolution to the conflict? Site activity high Order book very healthy Tender activity remains strong Proactive actions on costs Flexible operating model 12 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Strategy in action Persimmon | Haverhill Phase 4A Type: Residential infrastructure and groundworks Value: c£4m Duration: 18 months Project Awarded - January 2026 300 meters of Infrastructure: roads, sewers, and utilities 90 residential units (30% affordable housing) Consideration of impact on existing phases to mitigate disruption to residents Phase 3B is in its final stages, running concurrently with the commencement of this new phase 13 ‌Strategy in action Bellway Homes | Rivenhall, Essex Type: Residential infrastructure and groundworks Value: c£17m Duration: 5 years Project Awarded - January 2025 225 residential units (30% affordable housing) Tamdown have constructed 78 plots to oversite with 16 plots ready for handover. Over 1,575m of the 2,000 metres of infrastructure: roads, sewers, and utilities has been installed Surface and foul water outfalls have been connected Earthworks plateaus underway for the various build parcels The permanent golf course access road diversion works have been completed PROJECT UPDATE 18 months of progress 14 ‌Water sector Coleman's Position AMP8 Planned Activity AMP8 After Year 1 £104bn total expenditure (vs £61.5bn AMP7) Southern Water expenditure £8.5bn (vs £4.3bn AMP7) Estimated project expenditure Year 1 ~ 7.5% of project budgets Commitments unchanged but much slower start than planned Delays in design phase Concerns being expressed in press about potential steep ramp-up to come Working on other (smaller) projects Active on early phases of AMP8 projects Pro-active Building Sustainable Growth programme In discussion with supply-chain Flexible operating model 15 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Strategy in action Bridges | Fordcombe Type: Smaller project Value: <£0.5m Duration: 5 months Pre-cast concrete retaining wall Concrete slabs and hardstandings Pipeworks and chambers Ducting and drawpits 16 ‌Summary 17 Nexus Infrastructure plc | FY25 results presentation March 2026 ‌Summary Outlook Strategy HY26 On-track with more to do Continued growth trajectory Revenue up 5.6% Gross Margin increased to 15.1% Strong order book of £87.9m up 9% Operating loss reduced by 27% to £(0.8m) 1 Increased site activity at end of H1 is continuing into H2 Strong order book provides visibility for H2 Duration of Middle East conflict is key AMP8 will drive increased workload for Coleman later this year and beyond 1 Before exceptionals 18 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Appendix 20 Nexus Infrastructure plc | HY26 results presentation May 2026 ‌Board Claire Lacey Interim Chair Charles Sweeney Chief Executive Officer Dawn Hillman Chief Financial Officer Appointed to Board: 2022 Core strengths and experience Significant experience in infrastructure and renewable energy sectors Qualified Chartered Accountant 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 Dr Christian Wurst Non-Independent Non-Executive Director 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 21 Nexus Infrastructure plc | HY26 results presentation May 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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