INVESTOR PRESENTATION MAY 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.19-0272 on 4 April 2019, 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 reclassifying the CVAE (French tax on value added by the business) as Corporate income tax, to improve its comparability. Nexity / Investor Presentation - May 2019 2
Agenda #Our Real Estate Services Platform #Financial results #Business activity — Individual Clients — Commercial and Local Authority Clients #Outlook #Appendix Nexity / Investor Presentation - May 2019 3
Our Real Estate Services Platform
Our ambition Being useful to the So we need to: world in which we # Provide solutions to demographic , sociological and environmental challenges operate and being # Devise solutions to our Clients’ requirements by harnessing new uses and create shared value useful to others by # Think about all aspects of urban life being a Real Estate # Build sustainably services plateform # Act locally , respecting regions and their specific priorities creating value to our society Nexity / Investor Presentation - May 2019 5
Our real estate services platform Development of new homes and subdivisions Property management for individuals (condominium management, rental management, lettings,…), brokerage, operation of serviced residences (student and senior housing) Franchise networks Commercial real estate Commercial property management, commercial real estate advisory services, coworking and space planning ORGANISATION FOCUSED ON EACH OF ITS CLIENTS “ Villes & Projets ”: urban ONGOING GROWTH IN EACH OF ITS BUSINESS LINES planning, urban projects, new urban uses Employees – our Internal Clients – are at the heart of Nexity’s transformation, committed to an approach centred around clients and user experience Nexity / Investor Presentation - May 2019 6
Our impact on society HUMAN DEVELOPMENT SOCIO-ECONOMIC IMPACT • 1 st partner of social housing, 1 st player in intermediate housing, 1 st operator in QPV* • > 10,000 employees • Women make up 31% of the Club 100 (35% target by 2020) • Territorial network: > 400 geographical locations • 9% of voluntary turnover rate • >100,000 jobs supported in France (11 jobs for 1 job at Nexity) • 92% of permanent contracts • €400m of taxes and duties paid in France** of which €100m of corporate income tax • 300 interns from grade nine class coming from QPV* • 70% of employees are shareholders (excl. Ægide) • >100,000 training hours LEADER IN DIGITAL REAL ESTATE SOCIETAL COMMITMENT • 12 million visits to the Group’s web platform and the nexity.fr website in 2018 • Commitment to housing to the disadvantaged people ( Nexity Non Profit ) • Range of products • More than 50 associations supported by Nexity Foundation • 16 projects incubated in the Startup studio • Targeted external growth policy ENVIRONMENTAL IMPACT MANAGEMENT FIRST INTEGRATED REAL ESTATE PLAYER • -35% in carbon footprint per employee by 2030 • Market share gains throughout all the Group’s businesses • -30% in carbon footprint per new home delivered by 2030 • 1 million clients • -21% in carbon footprint per sq.m of floor area for office space • 27 stakeholders taking part in the Group’s CSR effort • Leading player in wood-frame offices with 84,000 sq.m delivered since 2011 • Among the top 126 global companies across all sectors for its Climate trajectory (CDP A list ) * QPV: priority urban planning districts ** 2018 data Nexity / Investor Presentation - May 2019 7
A resilient business model generating cashflows EBITDA (in €m) Average 2008-2018 : 286 523 461 368 305 265 260 232 228 217 224 221 215 Cash flow from operating activities after financial and tax expenses (in €m) Average 2008-2018 : 173 350 311 239 182 151 149 133 132 128 133 122 117 Free cash flow (in € m) Average 2008-2018 : 176 337 235 232 221 222 191 168 162 152 118 42 9 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 2018 reported restated Nexity / Investor Presentation - May 2019 8
Nexity in 2018 2018 EBITDA ** 2018 REVENUE* (in € m) (in € m) ▪ Services represent: €971m revenue and €201m EBITDA 69 7 65 512 ▪ Or: 23% of total revenue and €4,135m €523m 38% of total EBITDA 902 284 194 2,648 2.267 74% ▪ Contribution of services * o/w Other activities for €4m ** o/w Other activities for - €26m to EBITDA by 2021: ~45% Residential Real Estate Real Estate Services to Individuals Commercial Real Estate Real Estate Services to Companies Individual Clients Commercial Clients Nexity / Investor Presentation - May 2019 9
Financial Results
Q1 2019 Key figures (1) INDIVIDUAL CLIENTS COMMERCIAL CLIENTS €762m +26% vs Q1 2018 ▪ Revenue: ▪ Revenue: €119m +40% vs Q1 2018 €671m (+11%) on a like-for-like basis €111m (+31%) on a like-for-like basis ▪ Order intake: €9m ▪ New home reservations in +7.3% +8.1% France : in value in volume 2019 guidance ( 2 ) : Commercial Real Estate order intake: at least equal to 2018 ( €349m excl. VAT) 2019 guidance ( 2 ) : continued market growth in Nexity’s market share ▪ Services to companies in a market that should see slight contraction at 145,000 units (3) +1.2% 18.9 million sq.m area under management: vs 2018 89 +6 new residences ▪ Senior residences (Domitys): ▪ Business potential: +2% €2.8bn residences compared to 2018 vs 2018 122 Stable compared ▪ Student residences (Studéa): residences to 2018 REVENUE AND BACKLOG 2019 guidance ( 2 ) : Serviced residences (students and seniors): more than 20 878 M€ +28% vs T1 2018 openings of new residences and rejuvenating 1,000 student housing units €881m ▪ Revenue: +28% vs Q1 2018 ▪ Services to individuals €782m (+14%) on a like-for-like basis +0.1% 898,000 units Units under management: 2019 guidance ( 2 ) : Revenue and EBITDA expected to grow by at least 5% vs 2018 54,299 units ▪ Business potential: +1% ▪ Development backlog : €4.5bn stable vs end-2018 vs 2018 (1) According to IFRS with joint ventures proportionately consolidated (2) Guidance announced on 20 February 2019 Nexity / Investor Presentation - May 2019 11 (3) French new homes market: retail sales (ECLN) + bulk sales (Fédération des Promoteurs Immobiliers – FPI)
Q1 2019 Revenue* (in €m) +27.9% +34 881 Other activities ▪ Revenue: +28% compared to +91 Commercial Clients +68 119 Q1 2018 (+14% on a like-for- 688 +40% €111m (+31% LFL) like basis) 1 85 ▪ Ægide-Domitys : €91m in Q1 2019 (€42m for development Individual Clients 762 activities and €49m for the +26% €671m (+11% LFL) 603 residences ’ management) Q1 2018 Individual Clients Individual Clients Commercial Clients Other activities Q1 2019 Ægide-Domitys * According to IFRS with joint ventures proportionately consolidated Nexity / Investor Presentation - May 2019 12
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