2017 Full Year Results
February 15, 2018
Safe Harbor
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 log onto the Group's website where they can view and download the presentation of the 2017 annual results to analysts as well as the 2017 financial statements and Registration Document, which includes a description of the Group's risk factors particularly those related to the investigations into anti-competitive behavior launched in 2009 as well as an overview of the Group's outlook for 2018-2022 and the related uncertainties.
The Group's outlook for 2018 is subject to several major uncertainties:
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The impact on Oil & Gas customers' exploration-production of oil and gas price fluctuations.
The impact of the political and economic situation in South America, which is affecting the building market and major infrastructure projects in the region as well as creating exchange rate volatility and an increased risk of customer default.
The political crisis between Qatar and its fellow members of the Gulf Cooperation Council, political instability in Libya and Ivory Coast, and persistent geopolitical tensions in
Lebanon, the Persian/Arabian Gulf and the Korean Peninsula.
The sustainability of the high rates of growth in the data center, renewable energy and energy transmission segments.
The impact of changes in exchange rates on the translation of the financial statements of the Group's subsidiaries located outside the euro zone
The economic and political environment in the United States and Europe, with potential major changes in US trade policy on one side of the Atlantic and the possible consequences of Brexit and the Catalan crisis on the other.
Inherent risks related to carrying out major turnkey projects for submarine high-voltage cables, which will be exacerbated in the coming years as this business becomes increasingly concentrated and centered on a small number of large-scale projects (Beatrice, Nordlink, NSL, East Anglia One and DolWin6, which will be our first contract to supply and install
HVDC extruded insulation cables), and the high capacity utilization rates of the plants involved.
The risk that certain programs designed to improve the Group's competitiveness, certain R&D and innovation programs, or certain business development plans targeting new markets experience delays or do not fully meet their objectives.
Inherent risks associated with major capex projects, particularly the risk of completion delays. These risks notably concern the construction of a new submarine cable laying ship and the extension of the Goose Creek plant in North America to add production of submarine high-voltage cables, two projects that will be instrumental in ensuring that the Group fulfills its 2021-2022 objectives.
INVESTOR RELATIONS:
Michel GÉDÉON +33 1 78 15 05 41
Marième DIOP
+33 1 78 15 05 40
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2017 Full Year Results
michel.gedeon@nexans.com marieme.diop@nexans.com
