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INVESTOR PRESENTATION MARCH 2019 Disclaimer The information - - PowerPoint PPT Presentation

INVESTOR PRESENTATION MARCH 2019 Disclaimer The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the


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INVESTOR PRESENTATION

MARCH 2019

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Nexity / Investor presentation March 2019

Disclaimer

The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither the Company, nor its shareholders, nor their advisors or representatives, nor any other person shall have any liability whatsoever for any loss arising from any use of this document or its contents or otherwise arising in connection with this document. This document does not constitute an offer to sell or an invitation or solicitation of an offer to subscribe for or purchase any securities, and this shall not form the basis for or be used for any such offer or invitation or other contract or engagement in any jurisdiction. The information, assumptions and estimates that the Company could reasonably use to determine its targets are subject to change or modification due notably to economic, financial and competitive uncertainties. Furthermore, it is possible that some of the risks presented in Section 2 of the Registration Document filed with the AMF under number D.18-0272 on 5 April 2018, could have an impact on the Company’s ability to achieve these objectives. Accordingly, the Company cannot give any assurance as to whether it will achieve the objectives described, and makes no commitment or undertaking to update or otherwise revise this information. No assurance is given as to the fairness, accuracy, completeness or correctness of the information or opinions contained in this document. Unless stated otherwise, the financial data and indicators presented are based on Nexity’s operational reporting (under IFRS with joint ventures proportionately consolidated), and reflect the impact of two new reporting standards, IFRS 15, application of which is mandatory in periods beginning on or after 1 January 2018, and IFRS 16, mandatory in periods beginning on or after 1 January 2019, which the Group is applying early from 1 January

  • 2018. 2017 figures has been restated with new standards (IFRS 15 and IFRS 16), and by reclassifyng the CVAE

(French tax on value added by the business) as Corporate income tax, to improve its comparability.

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Nexity / Investor presentation March 2019

#Our Real Estate Services Platform #2018 Financial results #Business activity — Individual Clients — Commercial and Local Authority Clients #Outlook #Appendix

Agenda

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Our Real Estate Services Platform

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Nexity / Investor presentation March 2019

Our ambition

So we need to: # Provide solutions to demographic, sociological and environmental challenges # Devise solutions to our Clients’ requirements by harnessing new uses and create shared value # Think about all aspects of urban life # Build sustainably # Act locally, respecting regions and their specific priorities

Being useful to the world in which we

  • perate and being

useful to others by being a services plateform that is value creating to our society

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Nexity / Investor presentation March 2019

Our impact on society

Environmental impact management

  • -35% in carbon footprint per employee by 2030
  • -30% in carbon footprint per new home delivered by 2030
  • Leading player in wood-frame offices with 84,000 sq.m delivered since 2011
  • Among the top 126 global companies across all sectors (Carbon Disclosure

Project A list)

Leader in digital rela estate

  • 12 million visits to the Group’s web platform and the

nexity.fr website in 2018

  • Range of products
  • 16 projects incubated in the Start’up studio
  • Targeted external growth policy

Socio-economic impact

  • 1st partner of social housing, 1st player in intermediate housing, 1st
  • perator in QPV*
  • Territorial network: > 400 geographical locations
  • >100,000 jobs supported in France (11 jobs for 1 job at Nexity)
  • €340m of taxes and duties paid in France* of which €80m of corporate

income tax

Human development

  • > 10,000 employees
  • Women make up 31% of the Club 100
  • 9% of voluntary turnover rate
  • 92% of permanent contracts
  • 300 interns from grade nine class coming from QPV*
  • 70% of employees are shareholders (excl. Ægide)
  • >120,000 training hours

First integrated real estate player

  • Market share gains throughout all the Group’s businesses
  • 1 million clients
  • 27 stakeholders taking part in the Group’s CSR effort

Societal commitment

  • Commitment to housing to the disadvantaged people

(Nexity Non Profit)

  • More than 50 associations supported by Nexity Foundation

* QPV: priority urban planning districts ** 2017 data

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Nexity / Investor presentation March 2019

2018 financial targets excedeed

REVENUE €4.1bn

+16%

COMMERCIAL REAL ESTATE ORDER INTAKE

€349m

NEW HOME RESERVATIONS IN FRANCE

+7%

In volume

+10%

In value

EBITDA In % of revenue €523m

12.6%

+14%

** Guidance announced on 20 February 2018, and revised upward

  • n 25 July 2018

Continued growth in Nexity’s market share in a French market expected to see slight contraction

€400m >12%

2018 Guidance ** DEVELOPMENT BACKLOG

€4.5bn

+12%

NET DEBT BEFORE IFRS 16

€757m

Total net debt including IFRS 16 : €1,567m

NET PROFIT BEFORE NON-RECURRING ITEMS

€198m

+12%

RESIDENTIAL MARKET SHARE*

12.4%

+1.6 pt

* Market share calculated on 157,600 new home reservations (128,000 retail sales from ECLN and 29,600 bulk sales from FPI)

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Expansion of the services platform strategy

French leader in serviced senior residences Stake increased to 63% of the share capital Corporate concierge services Acquisition of 100% of the share capital Digital plateform (sensors placed in buildings) Acquisition of 79% of the share capital Leading player in the Paris ready- to-use office space market Acquisition of a 54% stake Property Manager, Broker and specialised retail spaces consulting Majority stake of 71%

  • Jul. 18
  • Nov. 18
  • Dec. 18
  • Dec. 18
  • Jan. 19
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A resilient business model generating cashflows

235 191 337 162 118 42 9 221 168 152 232 222 2013 2008 2009 2010 2014 2011 2015 2012 2016 2017 reported 2017 restated 2018 265 217 224 215 232 228 221 260 305 368 461 523 151 122 133 132 128 133 117 149 182 239 311 350 EBITDA

(in €m)

Average 2008-2018 : 176 Average 2008-2018 : 173 Average 2008-2018 : 286 Cash flow from operating activities after financial and tax expenses

(in €m)

Free cash flow

(in €m)

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2018 Financial results

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2018 income statement

+16% +14% +10% +12% +52% +34%

* Based on average number of shares outstanding over the period In million of euros 2018 2017 restated Revenue 4.135,0 3.571,3 EBITDA 523,0 460,6 % of revenue 12,6% 12,9% Current operating profit 372,7 337,9 Remeasurement of Ægide-Domitys following acquisition of control 79,2

  • Operating profit

451,9 337,9 Net financial income / (expense) (51,7) (38,5) Income tax (113,1) (105,9) Share of profit/(loss) from equity-accounted investments (4,7) (4,9) Net profit 282,4 188,6 Non-controlling interests (5,5) (6,0) Net profit attributable to equity holders of the parent company 276,9 182,7 Net profit attributable to equity holders of the parent company before non-recurring items 197,7 175,8 In euros Net earnings per share* 4,95 3,30 Net earnings per share* before non-recurring items 3,53 3,17

+11%

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Nexity / Investor presentation March 2019

2018 revenue

407 581 4 3,160

+215

2018 Other activities

+175

2017 restated Individual Clients (like-for-like basis) Individual Clients Ægide-Domitys

+174

Commercial Clients

4 3,550

4,135 3,571 +15.8% +12% +43%

>

Revenue up 16% compared to 2017 (+11% on a like-for-like basis)

>

Individual Clients: Ægide-Domitys S2 2018 revenue was €175m (€83m for development activities and €91m for the residences’ management activities)

>

Commercial Clients: delivery of Smart Side building and increased volume under construction compared to 2017

(in €m) Individual Clients Commercial Clients Other activities

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Nexity / Investor presentation March 2019

2018 EBITDA

EBITDA

(in €m) 416 477 67 72

  • 26

2017 restated

  • 23

2018

461 523 13.6%

EBITDA : is defined by Nexity as equal to current operating profit before depreciation, amortisation and impairment of non-current assets, net changes in provisions, share-based payment expenses and the transfer from inventory of borrowing costs directly attributable to property developments, plus dividends received from equity-accounted investees whose operations are an extension of the Group’s business. Depreciation and amortisation includes rights of use calculated in accordance with IFRS 16, together with the impact of neutralising internal margins on disposal of an asset by development companies, followed by take-up of a lease by a Group company

12.6%

12.9% 13.2% 13.4% 16.5% 12.3% Individual Clients

2018 Individual Clients Commercial Clients Other activities 2017 restated

Commercial Clients

2018 2017 restated

Group

2018 2017 restated

+5 M€ +61M€

>

€488m on a like-for-like basis ; margin rate at 12.3%

EBITDA MARGIN

(in %)

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Simplified balance sheet at 31 December 2018

896 967 757 112 1,579 1,764 810

Goodwills

Total net debt: €1,567m

(in €m)

ASSETS EQUITY AND LIABILITIES

WCR Other assets Provisions Equity

(incl. Non-controlling interests)

Net financial debt before IFRS 16 IFRS 16 Leases

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Nexity / Investor presentation March 2019

2018 Change in working capital requirement

806 762

32 87

  • 21
  • 57

+12 2017 restated

Individual Clients Residential real estate Individual Clients Real Estate Services to individuals

+108

Commercial Clients

+16

Other activities

48

2018

817 896 +€80m

> Individual Clients: virtually stable working capital in Residential Real Estate (+1.6%) in spite of strong momentum in this segment (backlog: +18%),

and an improvement in working capital in Real Estate Services to Individuals , mainly due to consolidation of the Domitys business. Pre-sales rate still at a high level: 69%

> Commercial Clients: higher levels for certain developments with less favourable client payment schedules > Other activities: includes new land positions secured by the Group’s urban regeneration business (Villes & Projets)

(in €m)

Commercial Clients Other activities (incl. income tax) Individual Clients

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2018 Change in net financial debt (before IFRS 16)

  • 343
  • 48

2017

+508

Interest and tax payments

  • 158
  • 102

Cash flow from

  • perating activities

before WCR, interest and tax Change in

  • perating WCR

CAPEX

  • 351
  • 20

Share buyback programme

  • 757

2018

Future lease payments due

  • 140
  • 104

Dividend External growth*

  • €414m

(in €m)

* External growth for €306m (Ægide-Domitys for €226m, Morning Coworking for €64m and PMI agencies for €16m) and remeasurement of commitments to buy out minority interests of previous acquisitions for €45m

1.8x

2018 EBITDA

  • excl. IFRS 16

(€419m)

vs 2.5x

EBITDA excl. IFRS 16 (targeted threshold given in June 2018)

> 2018 increase in net financial debt is mainly the result of external growth transactions and remeasurement of commitments to buy out minority interests

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2018 cash-flow statement

> Net cash from financial investments: €78m mainly corresponds to external growth transactions (acquisition of 18% of Ægide, a majority stake in Morning Coworking and several firms in property management for individuals) > Net cash from financing activities: €51m corresponds to new borrowings net of redemptions (€39m), to the ORNANE bond issue (€200m) less the redemption of a bond (-€135m), payments relating to commitments to buy out minority interests over the period (-€34m) and the cost of the share buyback programme (-€20m)

In €m FY 2018 FY 2017 restated Cash flow from operating activities before interest and tax expenses 508 448 Cash flow from operating activities after interest and tax expenses 350 311 Change in operating Working capital (excluding tax) (102) (64) Change in tax-related working capital, dividends from equity-accounted investments and other 22 17 Net cash from / (used in) operating investments (48) (33) Free cash flow 222 232 Net cash from / (used in) financial investments (78) (10) IFRS lease payments made (104) (80) Dividends paid by Nexity SA (140) (133) Net cash from / (used in) financing activities (excluding dividend) 51 132 Change in cash and cash equivalents (50) 141

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Business activity

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Business activity

Individual Clients

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Nexity / Investor presentation March 2019

The most complete offering on the market

SELL

Brokerage for individuals (BtoC and BtoBtoC)

MANAGE

Private areas / Common areas Management of residences

RENT

Rentals for working age people / seniors / students / key accounts

BUY / INVEST

Individual homebuyers / Individual investors Professional investors New homes / Existing homes / Serviced residences

12 million visits to the Group’s web platform and the nexity.fr website in 2018, some 11% looked at more than one business line More than 1 million of individual clients, > 30 million of data thanks to franchises networks

Developer – operator concept involving all the functions of the Individual Clients Solutions matching the specific housing situations: access to housing, energy works, unhealthy housing, social housing, intergenerational, senior, students, family shelters, …

Buy Invest Sell Manage Rent CUSTOMER EXPERIENCE

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The Individual Clients services platform

More than 100 land opportunities provided to

developement teams

More than €200m of exepcted revenue from

reservations made by the distribution activities segment

21 residences built (~1.500 housing units) for Studéa

and Domitys

35% of condominium management mandates and 20% of rental

management mandates come from Residential Real Estate

70% of the buildings delivered by Nexity are kept for condominium

management 2 years after delivery (+10 pts improvement since 2 years)

47% win rate of rental management mandates on new homes

eligible to GSL (rent guarantee)

33 days on average for renting a Nexity new home eligible to GSL

(compared to 53 days on average in 2016)

More than 1,500 agencies and selling

points

More than 3 million of qualified

contacts in the Group’s database

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Individual Clients

▪ Residential Real Estate – 19,609 new home reservations, +7% in volume, +10% in value – 12.4% market share* (compared to 10.9% in 2017) – Buisness potential: 53,602 units (+13% compared to 2017) ▪ Real Estate Services to Individuals – 897,000 units under management in property management for individuals (+0.8% vs 2017) – 25,000 housing units in serviced residences (Studéa + Domitys) ▪ Strong new home reservations thanks to multi products, multiservices and multi brand strategy ▪ Acquisition of Ægide-Domitys ▪ 11 new Domitys’ residences opened ▪ Reservations for new homes in France: continued market share gains for Nexity (up 3 percentage points) in a stable market (160,000 reservations expected in 2021)* ▪ Growth in the portfolio of units served by Nexity’s individual property management business ▪ Strong development in serviced residences ▪ Growth in market share in a new housing market (retail and bulk sales)* set to decline to around 145,000 units in 2019 ▪ Serviced residences (students and seniors): the Group expects to open over 20 new residences in 2019 while rejuvenating 1,000 student housing units

Margin rate

(as a % of revenue)

13.4%

Vs 13.2% in 2017

21.5%

Vs 21.9% in 2017

10.7%

Vs 10.2% in 2017

902 (25%) 810 (26%) 2,648 (75%) 2,350 (74%) 2017 2018

3,160 3,550 +12%

Residential Real Estate Real Estate Services to Individuals 239 (57%) 177 (43%) 194 (41%) 2017 284 (59%) 2018

477 417 +15%

REVENUE EBITDA

(In €m) (in €m)

# 2018 KEY FIGURES # 2018 HIGHLIGHTS # 2021 OBJECTIVES # 2019 OUTLOOK

Sources: Commissariat Général au Développement Durable (Sit@del2 basis for retail sales and Fédération des Promoteurs Immobiliers for bulk sales - Nexity’s estimate for 2019

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New home reservation market in France

(in units)

2017 2016 2011 2012 2013 2018

107,500

2014 2015 2019e

168,600 157,600 153,900 121,100 105,900 108,600 125,600 ~145,000

+10%

  • 7%

~ -8%

Bulk slaes Retail sales

Low interests rates Demography Stability of fiscal incentives Increase in construction costs and land prices Municipal elections approaching Phasing out of fiscal schemes in non-supply constrained areas

An undersupplied market (building permits down 7% over one year at end 2018)

Sources: Commissariat Général au Développement Durable (Sit@del2 basis for retail sales and Fédération des Promoteurs Immobiliers for bulk sales - Nexity’s estimate for 2019

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New homes: successful multi products, multi services and multi brand strategy

NEXITY MARKET SHARE*

* Nexity market share calculated based on Nexity’s net reservations relative to ECLN market data for retail sales and Fédération des Promoteurs Immobiliers for bulk sales 9.6% 9.3% 9.6% 9.4% 2012 2011 2013 2014 9.3% 2015 10.3%

10.9%

2016 2017

12.4%

2018 +1.6 pt

˃ New home reservations in France: +7% in volume and +10% in value (on a like-for-like basis, +4% in volume and +7% in value ) ˃ Individual investors: 67% are using Pinel

>

Increase in social housing reservations: 65% of reservations are social housing (+4% compared to 2017)

  • Strong increase in non social housing reservations: +53% compared to

2017 (+45% on a like-for-like basis)

33%

32%

19,609

44%

2016

6% 19%

44% 5% 4% 17% 2017 36% 42% 18% 2018 15,051

18,351 +7%

+17% +1% +10%

  • 15%

˃ Unique product offering ˃ External growth: Edouard Denis, Primosud ˃ Creation of new subsidiaries and new products: Synonim, Domaines du Sud, Patrimoine et Valorisation, Complicity ˃ Partnerships: Nexity Partners

First-time buyers Individual investors Other home buyers Professional landlords

VOLUME

(in units, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018)

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Live in the sky… in a vertical village: Emblématik (Aubervilliers – Seine-Saint-Denis)

Useful, desirable, affordable, minimal and vegetal

Project manager: Castro Denissof Associés

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Eugénie connects…

▪ 9 residences delivered ▪ 221 housing units connected

# 2018 KEY FIGURES

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ENERGY EFFICIENCY WORKS

# NEXITY IS A COMMITTED OPERATOR THAT WORKS CLOSELY WITH PUBLIC BODIES

2018 : signing of a Green Deal with Plan Bâtiment Durable & signing of the Habiter Mieux Charter of commitment of Anah (National Agency for the Improvement of Habitat)

  • 2018: more than 350 employees trained // more than 100 employees (Nexity and Oralia) have participated in

workshops (awareness, identification of targeted condominium, etc.) and have contributed to the emergence of new projects // more than 100 building representatives met during clients events, roundtables or dedicated meetings (around 500 co-owners)

  • 2019 - 2020 : minimum of 20 employees specialising in “COACH RÉNOVATION”

# NEXITY OFFERS ITS CUSTOMERS A COMPREHENSIVE RANGE OF SERVICES

  • Effective technical, social and financial support and “turnkey” services for condominium properties
  • In 2018: 10 condominium properties have been renovated
  • 2018: 100 have expressed interest of which:
  • 9 buildings (≈ 1,200 units) at work stage in 2019
  • 36 buildings (≈ 5,400 units) in project management phase
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Serviced residences

15 25 36 41 52 59 72 83 2012 2011 2015 2013 2014 2016 2018 2017

+24% CAGR

(in number of residences)

Studéa residences

(in number of residences)

# Average occupancy rate of 97% for the 48 « cruising speed » residences* # Average age of residents: 78-85 years old # Average stay: 6 years # Average revenue generated per resident: €1,800 per month,of which 60% (~€1,000) in services and 40% (~€800) in rent # Pipeline of between 15 to 20 new residences to open every per year # A strong services component (~15 jobs per residence) # 122 residences managed at end 2018 # 2018 average occupancy rate of 93%

* Occupancy rate over than 90% at 1 January

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Franchises

436 413 424 462 494 806 793 793 830 867

2014 2015 2016 2017

1,242

2018

1,206 1,217 1,292 1,361

+5%

2015

49,002

2017 2014 2016 2018

53,479 58,627 62,735 66,037

+5%

Century 21 Guy Hoquet l’Immobilier

CHANGE IN PROVISIONNAL SALES AGREEMENTS CHANGE IN NUMBER OF AGENCIES Century 21 ranked n°1 for the 4th year in a row WINNERS OF THE 2019 CLIENT RELATIONS PRIZE

(Les Echos Entreprise - HCG France)

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Business activity

Commercial and Local Authority Clients

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Nexity / Investor presentation March 2019

Adapting our solutions to meet client needs

NEXITY ENTRERPRISE SOLUTIONS

CLIENT DEVELOPMENT BROKERAGE PROPERTY MANAGEMENT OPERATIONS PLANNING BUSINESS FACTORY ADVISORY

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MEET INSPIRE BREAK FREE

Breakfasts, aperitif drink, conferences, events,… Creating opportunities to meet is part of Morning Coworking ! From redesigned school to design open space, each place in Morning is unique and figured out to boost creativity. Morning Coworking offers spaces without long- term commitment, to remain free and agile at any time.

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Commercial Clients

▪ Commercial Real Estate – €349m order intake – Business potential: €2.8bn (+80% compared to 2017) ▪ Real Estate Services to Companies – 18.6 million sq.m of floor areas under management of which 8 million sq.m in technical management only ▪ Creation of Nexity Enterprise Solutions ▪ Offices : 126,000 sq.m delivered on 15 operations ▪ Property management : services agreement with Enedis and EDF (2 million sq.m) ▪ Major operation in La Garenne-Colombes (Hauts- de-Seine) (Engie eco-campus) ▪ Order intake volume at least equal to 2018 ▪ Continued growth of new service offerings (Intent, Accessite, etc.) ▪ Commercial Real Estate order intake: about €650 million on average per year

  • ver the period of the plan

REVENUE EBITDA

Margin rate

(as a % of revenue)

12.3%

Vs 16.5% in 2017

10.0%

Vs 7.8% in 2017

12.7%

Vs 18.1% in 2017

343 (84%) 69 (12%) 2017 63 (16%) 512 (88%) 2018

407 581 +43%

2017 62 (93%) 2018 5 (7%) 65 (90%) 7 (10%)

67 72 +7%

Commercial Real Estate Real Estate Services to Companies

(In €m) (in €m)

# 2018 KEY FIGURES # 2018 HIGHLIGHTS # 2021 OBJECTIVES # 2019 OUTLOOK

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Nexity / Investor presentation March 2019

Business potential* for Commercial Real Estate

> Major operation in La Garenne-Colombes (92) future eco-campus of Engie on a 9-hectares plot – Largest private project in Greater Paris

739 (48%) 811 (52%) 3.9 YEARS OF ACTIVITY

Paris region Rest of France

€1,551m

+80% 2,021 (72%) 775 (28%)

€2,796m

5.5 YEARS OF ACTIVITY

AT 31 DECEMBER 2018

(in €m)

AT 31 DECEMBER 2017

(in €m)

* Corresponds to the total volume of potential business at any given moment, expressed as estimated revenue excluding VAT, within future projects validated by the Nexity’s Investment Committee, under options or purchased land, in all structuring phases, including urban regeneration business (Villes & Projets). This business potential includes Nexity’s current supply for sale as well as its future supply

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Smart Side

#

OFFICES TAILORED TO CLIENT REQUIREMENTS CLICHY (HAUTS-DE-SEINE) ~40,000 SQ.M DELIVERED IN SEPTEMBER 2018 FOR EDF USER CLIENT

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Local Authority Clients

▪ Portfolio*: ~635,000 sq.m, +8% ▪ Land bank: €130 million**

▪ Major operation in La Garenne-Colombes (Hauts-de-Seine) (Engie eco-campus) ▪ Réinventer Paris 2: Aérog’Art in the center of Paris (Invalides), joint-venture with Emerige ▪ Initiation of the largest private sector project in Greater Paris in La Garenne-Colombes (Hauts-de-Seine) ▪ Reinforcement of our market position as the 1st private town planner in France and increase in land bank investments

# 2018 KEY FIGURES # 2018 HIGHLIGHTS # 2021 OBJECTIVES # 2019 OUTLOOK AÉROG’ART

Restoration project of the largest Air France sales agency Architect: Dominique Perrault – DP Architecture Réinventer Paris 2 joint-venture with Emerige ~7,500 sq.m including an arts and craft gallery, a children museum, a food court and a restaurant

* Floor areas are provided for information purposes only and may be subject to adjustment once administrative authorisations have been obtained ** Represents the amount of projects in France for which the Group has acquired development rights, before obtaining a building permit and in some cases planning permissions, expressed as an amount recognised within the working capital requirement

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La Garenne-Colombes (Hauts-de-Seine) – Projected schedule

13 July 2018 Land acquisition 2019 Building permits preparation Permissions obtention sales launch of the campus 2020 Start of construction works 2021 2022 2023 Scheduled delivery of the Engie campus 2024

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Outlook

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Long term trends for housing

Estimated number of homes required per year by 2040

(in thousands of units – excl. Bulk sales)

Obsolescence

2040 according to Nexity

Regional population shifts Plugging the construction shortfall Growth in number

  • f households

DEMAND FOR AT LEAST 400,000 NEW HOMES PER YEAR BY 2040, VS AN AVERAGE OF 337,000 HOMES BUILT BETWEEN 2012 AND 2018

137 128 104 103 113 135 120 101 117 107 109 124 113 109 84 85 83 100 127 130 128 2014 357 2013 2012 2016 2015 2017 2018 322 330 294 312 364 378

Developers (1) Sales Social housing (2) Financing authorisations Single-family houses (3) Sales

400-450k units

(Nexity estimate)

(1) Gross sales by developers, i.e. individual and collective housing taken together - source: Commissariat Général au Développement Durable (2) Number of homes financed, outside ANRU urban regeneration areas - source: Ministère de l’égalité des territoires et du logement – Bilan des

logements aidés 2012-2017 – Ministère de l’égalité des territoires et du logement for 2018

(3) Contracts for the construction of detached and semi-detached houses - source: Union des Maisons Françaises 2012 – LCA/FFB for 2017 et 2018

4 million

people in substandard housing and 12.1 million people in fragile situations(1)

32 million

households by 2030, +4 million compared to 2015 (2)

42%

  • f single people households by 2030,

13 million (2)

(1) Annual reportl #24 de la Fondation Abbé Pierre – Feb. 2019 (2) Observatoire et statistiques n°135 – August 2012 (3) Insee – DGFIP-Cnaf-Cnav-CCMSA, fichier localisé social et fiscal (4) In 2017 – source : L’économie française, 2018 edition - Insee Références

25%

share of housing spendings in households consumption expenditure in France (4)

€22,680

Average annual income (median) needed to buy a 2 room apartment of 43 sq.m in France(3)

€18,972

Average annual income (median) of a single adult in France, ie €1,581 / month(3)

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40

Nexity / Investor presentation March 2019

A resilient business in upbeat market conditions

// Economic uncertainties

  • 2020 municipal elections
  • Pressure on supply
  • Uncertainties on tax policy

// Clear regulatory outlook

  • 2018 finance Law: Pinel and PTZ interest-

free loan frameworks extended in supply- constrained areas until year-end 2021

  • ELAN Law (2018) favourable to supply but

will not push prices lower

// GDP growth trend of ~1.5% in 2019

Monthly Consumer confidence - synthetic index

// Clear operational outlook

  • Development backlog of €4.5bn
  • Development “pipeline” of around €15bn
  • Undelying strong market medium to long term:

demographics, urbanisation, new uses, CSR

Sources: Observatoire Crédit Logement and Finance Active 5.07% 2010 2008 2012 2009

1.44%

2016 2011 2014 2013 2.20% 2015 2017 1.51% 0.80% Q1 2018 Q2 2018 Q3 2018 0.75% Q4 2018 Mortgage rates (average during the last month of the period) TEC 10 index (average 10-yield over the period) Source: INSEE – data corrected for seasonal variations

108 80 108 87

2008 2016 2007 2014 2010 2013 2009 2017 2011 2012 2015 2018

Average: 91

// A favourable interest-rate environment

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41

Nexity / Investor presentation March 2019

2019 guidance

INDIVIDUAL CLIENTS

>>>>>>>>>>>>>>>>>>>>>>>

# New homes in France: Continued growth in Nexity’s market share, in a market that should see slight contraction at 145.000 units (2) # Serviced residences (students and seniors): more than 20 openings of new residences and rejuvenating 1,000 students housing units # Revenue and EBITDA expected to grow by at least 5% # Dividend per share: €2.50 payable in 2019(1)

COMMERCIAL CLIENTS

>>>>>>>>>>>>>>>>>>>>>>

# Commercial Real Estate order intake: at least equal to 2018 # Continued growth of new services offerings (Intent, Accessite, etc.)

(1) Pending approval of the Shareholders’ Meeting (2) Retail sales published by ECLN + bulk sales published by Fédération des Promoteurs Immobiliers (FPI)

LOCAL AUTHORITY CLIENTS

>>>>>>>>>>>>>>>>>>>>>>>

# Initiation of the largest private project in Greater Paris in La Garenne-Colombes (92)

FINANCIAL PERFORMANCE >>>>>>>>>>>>>>>>>

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42

Nexity / Investor presentation March 2019

Real estate development Backlog* at 31 December 2018

In €m, excl. VAT, International, Edouard Denis, Primosud and Ægide IFRS 15 standard applied from January 2018 (2017 has been restated accordingly)

383 486 449 487 544 562 465

  • Dec. 2015
  • Dec. 2014

2,834 2,702 2,806 2,869

  • Dec. 2012
  • Dec. 2013

3,464

3,283

  • Dec. 2016

308

  • Dec. 2017

reported

3,526

  • Dec. 2017

restated

4,161

  • Dec. 2018

3,293 3,085 3,355 4,008 3,991 4,469 4,754

4,191

+12%

17 MONTHS REVENUE FROM DEVELOPMENT ACTIVITIES

Residential Real Estate Commercial Real Estate

>

On a like-for-like basis, backlog stands at 4,223 M€ (+6%)

>

Ægide’s backlog (operations without Nexity) represents €246m at 31 December 2018

* Corresponds to the Group’s order backlog in terms of forecast revenue and number of months of development activities

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43

Nexity / Investor presentation March 2019

Our goals for 2018–2021

# Compound annual growth in revenue and EBITDA of 10% # Dividend per share of at least €2.50 (1) over the period of the plan

(1) Pending the decision of Nexity’s Board of Directors and approval of the Shareholders’ Meeting (2) Retail sales published by ECLN + bulk sales published by Fédération des Promoteurs Immobiliers (FPI)

5.3

2020e 2017 2018e 2019e 2021e

4.1 3.6

+10% CAGR

461 523 680

2017 2018 2020e 2019e 2021e

+10% CAGR

EBITDA REVENUE

In €bn

in €m

FINANCIAL PERFORMANCE >>>>>>>>>>>>>>>>> INDIVIDUAL CLIENTS >>>>>>>>>>>>>>>>>

# Reservations for new homes in France: continued market share gains for Nexity (up 3 percentage points) in a stable market (160,000 reservations expected in 2021) (2) # Growth in the portfolio of units served by Nexity’s individual property management business # Strong development in serviced residences

COMMERCIAL CLIENTS >>>>>>>>>>>>>>>>>

# Commercial Real Estate order intake: about €650 million on average per year over the period of the plan

LOCAL AUTHORITY CLIENTS >>>>>>>>>>>>>>>>>

# Reinforcement of our market position as the 1st private town planner in France and increase in land bank investments

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44

Nexity / Investor presentation March 2019

Strong and sustainable dividend policy

2020* 2019* 2017 2013 2016 2014 2015 2018 2021* ≥2.5 2022* ≥2.5 ≥2.5 2.5 2.0 2.0 2.0 2.2 2.4 2.5 Paid in:

* Pending the decision of Nexity’s Board of Directors and approval of the Shareholders’ Meeting

In € per share

Payout ratio (in % of EPS) :

79% ~100% 71%

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45

Nexity / Investor presentation March 2019

Corporate Social Responsibility

▪ Women make up 31% of Nexity’s Club 100 members ▪ 79% of employees have an annual interview with their manager ▪

  • 7% decrease in carbon footprint per employee relative to 2014

▪ 90% of (residential) development projects with a low-carbon assessment study at design phase

▪ Commitment to housing for the disadvantaged ▪ Target of 1,000 housing units a year at cruising speed (building permits for at least 500 housing units in 2019) ▪ Action on rental intermediation: first social tenancy agreement signed ▪ 14 external stakeholders ▪ Set-up in 2018 ▪ Advisory proposal-making body met for the first time in November 2018

# 2018 KEY CSR INDICATORS # NEXITY NON PROFIT # STAKEHOLDER COMMITTEE

Non-financial ratings

▪ Reduce Greenhouse gas emissions by 2030 by: ▪

  • 30% per new home delivered,

  • 21% per sq.m of floor area for office space,

  • 35% per employee

▪ Breakdown of targets to each Client : energy renovation, circular economy, responsible procurement

# CSR TARGETS FOR 2020-2030

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46

Nexity / Investor presentation March 2019

6.4% 3.2% 5.4% 13.7% 70.3%

(1) o/w treasury shares: 555,025 shares (1.0%) (2) New Port: 7.5% (3) o/w FCPE (Nexity Actions and Nexity Levier 2017): 2.7%

56,129724 shares(1)

Nexity’s ownership structure

31 DECEMBER 2018

FCPE and other employees(3)

  • A. Dinin, New Port (2) and other Nexity managers

belonging to the concert group Crédit Mutuel Arkéa Crédit Agricole Assurances 5.4% 13.7% 3.2% Free float 6.4% 70.3% Concert group 19.1%

> 1st share buyback programme made between 4 October and 20 November 2018: 450K shares bought back at an average price of €44, representing €20m, in the proportion necessary to offset the dilution potentially caused by the vesting of free shares with the Group’s employees (May 2019) > 2nd share buyback programme between 14 January and 15 February 2019: 206,129 shares bought back at an average price of €41, representing €8.5m, opportunistic approach in order to take advantage of market conditions and for use in connection with future vesting of free share plans > New Port stake grew from 6.1% to 7.5% between October and December 2018

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Appendix

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48

Nexity / Investor presentation March 2019

Ægide-Domitys - key figures

> Financials (IFRS standards) > Business activity

H2 2018 FY 2018 Revenue €175m €331m

  • /w Ægide (development)

€83m €156m

  • /w Domitys (management)

€91m €175m

EBITDA €35m €57m

  • /w Ægide (development)

€9m €15m

  • /w Domitys (management)

€30m €49m

  • /w Holding
  • €4m
  • €7m

Goodwill €289m IFRS 16 lease payments €474m Debt before IFRS 16 €73m

Total Ægide

  • incl. Nexity

FY FY 2018 2018 New home reservations in volume 856 units 549 units 1,405 units 2,456 units New home reservations in value €162.0m €116.4m €278.4m €488.0m Supply for sale

  • 198 units

232 units Business potential

  • 2,562 units 4,515 units

Backlog

  • €246m
  • Total Ægide
  • excl. joint venture with Nexity

DEVELOPMENT

H1 2018 H2 2018

SERVICED RESIDENCES

FY 2017 FY 2018 Number of residences 72 83

  • /w "cruising-speed" residences

34 48 Average occupancy rate of "cruising-speed" residences 99% 97%

Units under management 8,438 9,805

+16% vs 2017

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49

Nexity / Investor presentation March 2019

New reporting standard: IFRS 15 Revenue from contracts with customers

# Percentage-of-completion principle maintained for real estate development activities in France, but percentage of completion must be calculated based on all inventoriable costs (including land)

#

FASTER RECOGNITION OF REVENUE AND MARGINS WITH CORRESPONDING DECREASE IN THE BACKLOG OPERATING PROFIT MORE CLOSELY CORRELATED TO FLUCTUATIONS IN BUSINESS ACTIVITY

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50

Nexity / Investor presentation March 2019

Building permits and housing starts

Source : Commissariat Général au Développement Durable (CGDD)

Jan.19

459,418 490,821

  • Jan. 18
  • Jan. 17
  • Jan. 16
  • 6.4%
  • Jan. 19

417,131

  • Jan. 16
  • Jan. 17
  • Jan. 18

437,250

  • 4.6%

>

Building permits down 2.2% over the last three months

>

Housing starts down 2.3% over the last three months

INDIVIDUAL CLIENTS

Residential Real Estate

BUILDING PERMITS

(in units, 12 months rolling)

HOUSING STARTS

(in units, 12 months rolling)

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Nexity / Investor presentation March 2019

Historical evolution of building permits

100,000 80,000 120,000 40,000 20,000 140,000 60,000 160,000 2001 Q1 2008 Q1 2014 Q1

Source : Commissariat Général au Développement Durable (CGDD)

(in units, quarterly basis)

Municipal elections

INDIVIDUAL CLIENTS

Residential Real Estate

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52

Nexity / Investor presentation March 2019

Nexity new home reservations

Subdivision New homes, o/w

1,924

International 292 479 420 365 2,202 2,601 19,609 11,741 2016 2015 2,518 15,893 18,351 2,063 2017 549 2018

18,890 14,235 21,372 22,037

+6.9%

+3.1%

42 79 51 32

3,218

166 2016 2,285

3,817

2015 2017 197 2,942 202 3,564 169 3,915 116 2018

2,493 4,116

+9.9%

+7.8%

VOLUME

(in units, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018)

VALUE

(in €m incl. VAT TTC, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018)

>

New home reservations in France are up 7% in volume and 10% in value (on a like-for-like basis, +4% in volume and +7% in value)

>

Expected revenue from reservations (incl. VAT): growth in retail sales was more buoyant in the Paris region (with a higher ASP)

>

Subdivisions reservations are down 21% in volume and 16% in value, due to the PTZ scheme phasing out in non-supply constrained areas

Ægide

INDIVIDUAL CLIENTS

Residential Real Estate

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53

Nexity / Investor presentation March 2019

Nexity reservations: quarterly change

Q4

4,634

Q1 Q1 Q4 Q2 Q1 Q2 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q2 Q4 Q3 Q1 Q2 Q3 Q4 Q3

4,288

Q4

3,506

Q3 Q1 Q4

6,600

Q2 Q3

3,052 3,581 3,653 4,237 5,201 3,618 4,821 5,736 4,757 +3% +8%

  • 1%

+15%

2016 2012 2013 2014 2015 2017

NEW HOME RESERVATIONS IN FRANCE

(in units, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018) 2018

> Q4 2018: +15% in volume and +17% in value (on a like-for-like basis: +12% in volume and +13% in value)

  • Retail sales: +6% in volume (+1% on a like-for-like basis)
  • Buoyant new sales launches (38% more than Q4 2017) – catch-up effect vs 9M 2018
  • Bulk sales: +31% in volume (+31% on a like-for-like basis)

INDIVIDUAL CLIENTS

Residential Real Estate

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54

Nexity / Investor presentation March 2019

Nexity key client segments performance

˃ Individual investors: 67% are using Pinel

VOLUME

(in units, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018)

44%

18,351

33%

19%

19,609

32% 6%

44% 2016 5% 17% 2017 36% 42% 18% 4% 2018 15,051

+7%

First-time buyers Individual investors Other home buyers Professional landlords +17% +1% +10%

  • 15%

165 485 609 743 2,815 2014 2,949 651 895 2015 663 716 3,632 2016 4,433 2018 2017

6,071

4,606 1,471 1,029

4,780 3,765 4,140 7,106 +17%

Intermediate housing (CDC habitat, FLI...) Social housing Unregulated housing

non social

BREAKDOWN OF RESERVATIONS TO PROFESSIONAL LANDLORDS

(in units, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018)

>

Increase in social housing reservations: +4% compared to 2017

>

Strong increase in non social housing reservations: +53% compared to 2017 (+45% on a like-for-like basis)

>

Framework agreements renewed / signed with CDC Habitat and in’li in 2018

INDIVIDUAL CLIENTS

Residential Real Estate

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Nexity / Investor presentation March 2019

Nexity reservations in France by area

Paris region Rest of France

>

Retail sales: +5% in Paris region, stable for the rest of France, non supply-constrained areas, especially B2 zone, have suffered from the Pinel scheme phasing out

>

Bulk sakes: -1% in Paris region, +33% for the rest of France 37% 39% 37% 63%

2016

61%

2017

63%

2018

15,051 18,351 19,609 +7% 54% 46% 44% 2,805

2017

55% 45%

2016

56%

2018

3,915 3,564 +10% +2% +10% +5% +14%

INDIVIDUAL CLIENTS

Residential Real Estate

VOLUME

(in units, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018)

VALUE

(in €m incl. VAT TTC, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018)

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Nexity / Investor presentation March 2019

Launches

7,524 5,390 13,976

2015 2016

2,925 5,768 21,607

2017

7,977 3,535 4,331 3,742

2018

12,938 19,585

  • 9%

Q3 Q2 Q1 Q4

NUMBER OF UNITS LAUNCHED

(in units, incl. E.Denis and Primosud from 2017, Ægide from 1 July 2018)

>

Q4 2018: 38% more units launched vs Q4 2017 – catch-up effect after a slower first nine months

>

19,342 launches on a like-for-like basis (-10%)

>

  • 3% in number of projects launched (277 vs 287 in 2017) ; -4% on a like-for-like basis

INDIVIDUAL CLIENTS

Residential Real Estate

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Nexity / Investor presentation March 2019

Nexity new homes: price trends

184 192 197 257 261 267 250 257 265

214 224

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

218

AVERAGE PRICE

(in thousand of euros, incl. E.Denis and Primosud from2017, excl. PERL, iSelection, Ægide, International and bulk sales) Rest of France: +2.4% Paris region: +2.2% Paris region excl. Paris: +3.1%

France: +2.7%

RETAIL SALES 2017 2018 Variation Average home price incl. VAT (sq.m.)

3,934 4,045 +2.8%

Average surface area per home (sq.m.)

55.4 55.3

  • 0.1%

Average price incl. VAT per home (€k)

218.0 223.8 +2.7%

INDIVIDUAL CLIENTS

Residential Real Estate

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Nexity / Investor presentation March 2019

# New construction processes # BIM # Mass purchasing # Industrialisation # Innovative marketing methods # Digitisation # Operating efficiency

Control of production cost of new homes*

22% 50% 8% 8% 7% 4% 1% 2018 100%

* Average cost of programmes

Borrowing costs Marketing & Advertising Professional fees & insurance Internal fixed costs Construction costs Roads, utilities Development rights

# Positioning in large projects # Local authority partnerships – calls for projects # Land bank investment vehicle

Medium-term development Nexity’s responses Costs structure

INDIVIDUAL CLIENTS

Residential Real Estate

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Nexity / Investor presentation March 2019

Nexity new homes: supply for sale

6,438

67% 46%

3,663

2008 2010 2018 2012 2013 2017 2014 2015 2011 2016

2%

28%

2%

31%

2%

2009 52%

6,988 8,651 3,542 4,202 4,293 5,058 5,313 6,773 9,005

70%

+4%

CURENT SUPPLY FOR SALE

(in units, excl. International, and incl. iSelection and PERL from2015, E.Denis from 2016, Primosud from 2017 and Ægide from 1 July 2018) New homes in project phase Completed new homes New homes under construction Ægide (operations without Nexity)

>

On a like-for-like basis, supply for sale stands at 8,807 units (+2%)

>

Ægide’s supply for sale (operations without Nexity) represents 198 units in 2018 (98% in the rest of France)

>

Marketing period*: 5.5 months in 2018 (vs. 5.7 in 2017)

* Délai d’écoulement : offre commerciale / réservations des 12 derniers mois, exprimé en mois

INDIVIDUAL CLIENTS

Residential Real Estate

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Nexity / Investor presentation March 2019

2.7 YEARS OF ACTIVITY

Business potential for new homes

2009 72% 2008 2010

19,057

2011 2013 2014 2016 2015 46% 54% 2012 44% 56% 2018 28%

34,453 23,941 22,824 21,285 23,143 23,100 24,832 41,813 47,560 53,602

2017

+13%

Rest of France Paris region Ægide (operations without Nexity) (in units, excl. International and incl.iSelection, PERL and Villes & Projets from 2015, E.Denis from 2016, Primosud from 2017 and Ægide from 1 July 2018)

>

On a like-for-like basis, business potential stands at 51,040 units (+7%)

>

Ægide’s business potentiel (operations without Nexity) represents 2,562 units in 2018 (75% in the rest of France)

INDIVIDUAL CLIENTS

Residential Real Estate

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Nexity / Investor presentation March 2019

Real Estate Services to Individuals

2016 726 172

898

2017 721 168

890

2018 721 175

897

+0.8%*

* 2018 churn rate on a like-for-like basis: : -1.4% (-1.1% in 2017)

436 413 424 462 494 806 793 793 830 867

2014

1,206

2016 2015

1,361

2017 2018

1,242 1,217 1,292

+5%

Century 21 Guy Hoquet l’Immobilier

>

Increase in condominium management contracts retention rate

>

Positive impact of Ægide-Domitys in rental management

INDIVIDUAL CLIENTS

Real Estate Services to Individuals

Condominium management Rental management

>

Provisional sales agreements signed by franchised agencies are up 5% compared to end 2017

PROPERTY MANAGEMENT TO INDIVIDUALS Units under management (in thousands of units) FRANCHISES

>

Change in number of agencies:

DISTRIBUTION ACTIVITIES - iSelection and PERL

(in units) 1,919 1,270 187

2015

87 186

2016

2,116

2017

115

1,457

2,186

2018

2,105 2,301 2,203 +4%

iSelection - distribution on behalf of third-party PERL - Division of ownership in existing homes

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Commercial real estate market

Sources : CBRE Marketview France Investissements et Bureaux Île-de-France – T4 2018 Q1 Q4 Q2 Q3 5 10 15 20 25 30 35 2008 2006 2013 2007 2009 2010 2011 2012 2014 2015 2016 2017 2018

30.5

2006-2018 average: €20.4bn

> Offices off-plan sales: €4bn in 2018, slightly down from last year, of which 35% « en blanc » (speculative deals) > Take-up in Paris region: -5% on 1 year at 2.5 million sq.m in 2018 (of which 642,000 sq.m in Q4 2018)

4,50% 3,00% 0,80% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 06 07 08 09 10 11 12 13 14 15 16 17 18

Class A logistics Paris CBD office space OAT TEC 10

COMMERCIAL CLIENTS

Commercial Real Estate

COMPARISON OF PRIME REAL ESTATE AND GOVERNMENT BOND YIELDS COMMERCIAL REAL ESTATE INVESTMENTS IN FRANCE

(in € billion)

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Nexity / Investor presentation March 2019

New order intake and backlog

544 190 403 356

151 183

400

250 166 2013 2018 Target 2016 2014 2017 2015 2018

402 349

Paris region Rest of France

465 308

31 Dec. 2017 restated

Additional work and other adjustments

+6

2018 order intake

+349

  • 512

31 Dec. 2018

2018 revenue

  • 34%

> Backlog is equivalent to 7 months’ revenue from development activities (Commercial Real Estate revenue basis, 12 months rolling period) > Backlog decreases as a result of relatively weak order intake during the financial year

COMMERCIAL CLIENTS

Commercial Real Estate

ORDER INTAKE

(in €m)

BACKLOG

(in €m)

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Villes & Projets

Urban regeneration

VILLENAVE-D’ORNON (33) Under construction ASNIÈRES (92)- 60,300 sq.m

Grand Paris

LE BLANC-MESNIL (93) – 20,500 sq.m

Grand Paris

BRY-SUR-MARNE / VILLIERS-SUR- MARNE (94) – 140,000 sq.m

Grand Paris

VERSAILLES-CHANTIERS (78) Under construction

Grand Paris

SAINT-OUEN (93) – 75,500 sq.m

Grand Paris

MONTREUIL ACACIAS (93) 48,200 sq.m (Nexity’s part)

Grand Paris

BORDEAUX BELVÉDÈRE (33) 70,500 sq.m (Nexity’s part)

~635,000 sq.m

Portfolio at 31 December 2018*

(+8% compared to 31 Dec. 2017)

€130m Land Bank**

at 31 December 2018

SOLLIÈS-PONT (83) – 36,700 sq.m

Entrée 2018

SAINT-PRIEST (69) – 85,500 sq.m

* Floor areas are provided for information purposes only and may be subject to adjustment once administrative authorisations have been obtained ** Represents the amount of projects in France for which the Group has acquired development rights, before obtaining a building permit and in some cases planning permissions, expressed as an amount recognised within the working capital requirement

LA GARENNE-COLOMBES (92) 98,000 m² (Nexity’s part)

Grand Paris

Entrée 2018

LOCAL AUTHORITY CLIENTS

Villes & Projets

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Nexity / Investor presentation March 2019

2018 Current operating profit

321 353 61 64

  • 43
  • 45

338

2017 retraité 2018

373 +10.3%

9.5% 10.1% 10.0% 14.9% 11.0%

9.0%

2018 Individual Clients Commercial Clients Other activities 2017 restated 2018 2017 restated 2018 2017 restated

+3 M€ +33 M€

>

€382m on a like-for-like basis; margin rate at 9.6%, similar to 2017 level

CURRENT OPERATING PROFIT

(in €m and margin rate in %)

CURRENT OPERATING MARGIN

(in %) Individual Clients Commercial Clients Group

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Reconciliation between 2018 EBITDA and current operating profit

(in €m)

523 373

2018 EBITDA

Provision charges (-) / reversals (+) de provisions

  • 32
  • 103
  • 6

IFRS 16 amortisation

  • 14

+5

Depreciation, amortisation and impairment

  • f fixed assets

Share-based payments Borrowing costs directly attributable to property developments, transferred from inventory (IAS 23)

2018 Current

  • perating profit
  • €150m

>

Ægide-Domitys IFRS 16 amortisation: 35 M€

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Nexity / Investor presentation March 2019

Financial debt schedule (before IFRS 16) at 31 December 2018

41

  • 319

164 (1)

  • 1,231

5

  • 1,549

97 436(3) 456(2) 351(4)

Drawn at 31/12/2018 2019 2020 2021 2022 2023 2024 Corporate borrowings Project related loans

(1) Including €25m of bonds issued in May 2014 (2) Including €146m of bonds issued in May 2014 (3) €270m of convertible bonds (incl. shareholders’ equity) issued in May 2016 (maturity date 1 January 2023) + €30m of bonds issued un June 2017 (4) €121m of bonds issued in June 2017 / €200m of convertible bonds issued in March 2018

>25% of debt with maturity > 5 years >Average maturity: 3.7 years >Cost of financing (debt drawn down): 2.6% at end 2018 (2.9% in 2017)

2025

(in €m)

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Tél. : +33 (0)1 85 55 12 12 19, rue de Vienne 75 008 Paris