2024 07 25 Nexans H1 2024 Financial Report

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NEXANS | 2024 HALF-YEAR FINANCIAL REPORT

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CONTENTS
2024 HALF-YEAR FINANCIAL REPORT

1

FIRST-HALF 2024 HIGHLIGHTS........................................................................................................................... 3

2

H1 2024 BUSINESS PERFORMANCE .................................................................................................................. 4

3

2024 OUTLOOK ................................................................................................................................................. 9

4

RISK FACTORS ................................................................................................................................................. 10

5

RELATED-PARTY TRANSACTIONS .................................................................................................................... 10

6

FINANCIAL STATEMENTS ................................................................................................................................. 11

NEXANS | 2024 HALF-YEAR FINANCIAL REPORT

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The purpose of this report is to present an overview of the operations and results of the Nexans Group for the first half of fiscal year 2024. It is based on the consolidated financial statements for the six months ended June 30, 2024.
Nexans' shares are traded on the regulated market of Euronext Paris and are included in the SBF 120 index. The Company's estimated ownership structure  broken down by shareholder category at June 30, 2024, based on the shareholder distribution analysis as of December 31, 2023, was as follows:

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institutional investors: 88.6%, of which approximately 19.2% held by the companies of the Quiñenco group (Invexans
Limited, United Kingdom) and Tech Pack (Chili), 7.7% by Bpifrance Participations (France) and 7.1% by Baillie Gifford
& Company LTD (United Kingdom) and,

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19/08/2024 - www.nexans.com
" " " " " " " " - Organic growth +8.3% +6.3% EBITDA margin (%) (1) 7.6% 8.9% Operating margin (% ) (1) 4.9% 6.2% 1 2 3 " " " " " " o o o

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19/08/2024 - www.nexans.com
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19/08/2024 - www.nexans.com
The audit procedures were carried out and the Statutory Auditors' report was issued. Consolidated financial statements 1. Consolidated income statement (in millions of euros) NET SALES Notes 2018 1.E.a, 4 and 5 6,490 6,370 (2,081) (1,799) Metal price effect(1) SALES AT CONSTANT METAL PRICES(1) 2017 4,409 4,571 Cost of sales (5,728) (5,510) Cost of sales at constant metal prices(1) (3,646) (3,711) GROSS PROFIT 762 860 Administrative and selling expenses

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19/08/2024 - www.nexans.com
NEXANS 2023 FINANCIAL STATEMENTS Consolidated financial statements 5.1 Consolidated financial statements 5.1.1 Consolidated income statement in millions of euros Notes 2023 2022 NET SALES(a) 1.E.A, 3 AND 4 7 790 8,369 (6,795) (7,373) GROSS PROFIT 995 996 Administrative and selling expenses (474) (490) R&D costs (89) (87) 1.E.B AND 3

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19/08/2024 - www.nexans.com
PRESS RELEASE 2019 FIRST QUARTER FINANCIAL INFORMATION " Consolidated sales for first quarter 2019: 1,664 million euros, up +7.7%1 on an organic basis compared to first quarter 2018 " +10.1% organic sales growth for cable and wire activities2, reflecting a buoyant start to the year " A sharp -8.0% contraction in sales for the High Voltage & Projects segment, reflecting low industrial workloads for land high voltage projects (with sales down -21.1% for that sector), and a -2.4% sales decline...

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