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. Nexity / Investor presentation March 2019 2
Agenda #Our Real Estate Services Platform #2018 Financial results #Business activity — Individual Clients — Commercial and Local Authority Clients #Outlook #Appendix Nexity / Investor presentation March 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 services # Build sustainably plateform that is # Act locally , respecting regions and their specific priorities value creating to our society Nexity / Investor presentation March 2019 5
Our impact on society Human development Socio-economic impact • 1 st partner of social housing, 1 st player in intermediate housing, 1 st • > 10,000 employees • Women make up 31% of the Club 100 operator in QPV* • 9% of voluntary turnover rate • Territorial network: > 400 geographical locations • 92% of permanent contracts • >100,000 jobs supported in France (11 jobs for 1 job at Nexity) • 300 interns from grade nine class coming from QPV* • €340m of taxes and duties paid in France* of which €80m of corporate • 70% of employees are shareholders (excl. Ægide) income tax • >120,000 training hours Leader in digital rela estate Societal commitment • 12 million visits to the Group’s web platform and the • Commitment to housing to the disadvantaged people nexity.fr website in 2018 ( Nexity Non Profit ) • Range of products • More than 50 associations supported by Nexity Foundation • 16 projects incubated in the Start’up studio • Targeted external growth policy First integrated real estate player Environmental impact management • Market share gains throughout all the Group’s businesses • -35% in carbon footprint per employee by 2030 • 1 million clients • -30% in carbon footprint per new home delivered by 2030 • 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 (Carbon Disclosure Project A list ) * QPV: priority urban planning districts ** 2017 data Nexity / Investor presentation March 2019 6
2018 financial targets excedeed 2018 Guidance ** +7% +10% NEW HOME RESERVATIONS IN FRANCE Continued growth in Nexity’s market In volume In value share in a French market expected to 12.4% see slight contraction RESIDENTIAL MARKET SHARE * +1.6 pt COMMERCIAL REAL ESTATE €400m €349m ORDER INTAKE +16% €4.1bn REVENUE >12% EBITDA €523m +14% In % of revenue 12.6% ** Guidance announced on 20 February 2018, and revised upward on 25 July 2018 +12% NET PROFIT BEFORE NON-RECURRING ITEMS €198m +12% €4.5bn DEVELOPMENT BACKLOG €757m NET DEBT BEFORE IFRS 16 Total net debt including IFRS 16 : €1,567m * Market share calculated on 157,600 new home reservations (128,000 retail sales from ECLN and 29,600 bulk sales from FPI) Nexity / Investor presentation March 2019 7
Expansion of the services platform strategy Jul. 18 Nov. 18 Dec. 18 Dec. 18 Jan. 19 French leader in serviced Corporate concierge Digital plateform (sensors Leading player in the Paris ready- Property Manager, Broker senior residences services placed in buildings) to-use office space market and specialised retail spaces consulting Stake increased to 63% of Acquisition of 100% of the Acquisition of 79% of the Acquisition of a 54% stake the share capital share capital share capital Majority stake of 71% Nexity / Investor presentation March 2019 8
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 March 2019 9
2018 Financial results
2018 income statement 2017 2018 In million of euros restated +16% Revenue 4.135,0 3.571,3 +14% EBITDA 523,0 460,6 % of revenue 12,6% 12,9% +10% Current operating profit 372,7 337,9 Remeasurement of Ægide-Domitys following acquisition of control 79,2 - +34% 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) +52% Net profit attributable to equity holders of the parent company 276,9 182,7 +12% Net profit attributable to equity holders of the parent company before non-recurring items 197,7 175,8 In euros 4,95 3,30 Net earnings per share* +11% Net earnings per share* before non-recurring items 3,53 3,17 * Based on average number of shares outstanding over the period Nexity / Investor presentation March 2019 11
2018 revenue (in €m) +15.8% +174 Other activities 4,135 +175 4 Commercial Clients +215 3,571 +43% 581 4 407 Individual Clients 3,550 +12% 3,160 2017 Individual Clients Individual Clients Commercial Clients Other activities 2018 restated (like-for-like basis) Ægide-Domitys > 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 Nexity / Investor presentation March 2019 12
2018 EBITDA EBITDA EBITDA MARGIN (in €m) (in %) 16.5% 13.6% 13.4% 13.2% 12.9% 12.6% 523 12.3% 461 72 +5 M€ 67 477 +61M€ 416 -23 -26 2017 2018 2017 2018 2017 2018 restated restated restated 2017 2018 restated Individual Clients Commercial Clients Group Individual Clients Commercial Clients Other activities > €488m on a like -for-like basis ; margin rate at 12.3% 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 a re 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 Nexity / Investor presentation March 2019 13
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