PRESS RELASE _
NEXANS: RECORD-HIGH FINANCIAL PERFORMANCE
FULL-YEAR 2022 GUIDANCE UPGRADED
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Record-high EBITDA, net income and ROCE performances, underpinned by strong momentum and Nexans' transformation platform
The combination of transformation plan & strategic choices prove their efficiency &
relevance:
o The Amplify & SHIFT programs deliver an additional 25 million euro EBITDA impact o Outstanding high quality 2.2 billion euro adjusted Generation & Transmission backlog 1 up 51%
versus end-June 2021
o Closing of Centelsa acquisition, in line with Electrification Pure Player strategy o Preferred bidder for EuroAsia interconnector, awarded BorWin6 and Revolution offshore wind projects
Latest strategic investments Charleston plant and Nexans Aurora vessel fully operational
Full-year 2022 Guidance upgraded:
o EBITDA range of 560-590 million euros (from 500-540 million euros)
o Normalized Free Cash Flow between 200 and 250 million euros (from 150-200 million euros)
Carbon neutrality targets validated by the SBTi2
FIRST-HALF 2022 KEY FIGURES
(in millions of euros)
H1 2021
H1 2022
Sales at current metal prices
Sales at standard metal prices3
Organic growth
EBITDA
EBITDA as a % of standard sales
Operating margin
Reorganization costs
Other operating items
Operating income (loss)
Net financial expense
Income taxes
Net Income (loss)
Net debt
Normalized free cash-flow
