Nexans : Universal Registration Document 2020

Nexans:

Electrify the

future

U N I V E R S A L

R E G I S T R A T I O N

D O C U M E N T

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Contents

PROFILE	1
MESSAGE FROM THE CHAIRMAN
OF THE BOARD OF DIRECTORS	2
INTERVIEW WITH CHRISTOPHER GUÉRIN,
CHIEF EXECUTIVE OFFICER	4

Presentation of the Group	6
and its activities
1.1. Mission, businesses and markets	8
1.2. Strategy - 2020-2024 sequence	11
1.3. Key figures	18
1.4. Operations during 2020	21
1.5. Progress made and difficulties encountered	30
1.6. Trends and outlook	31
1.7. Uncertainties	35
1.8. Innovation and Technology (R&D)	37
1.9. Significant events since the approval
of the 2020 Management report	40

Corporate	42
governance
2.1. Governance Structure	44
2.2. Management bodies	45
2.3. Administrative body	48
2.4. Transactions in the Company's securities
by corporate officers and senior managers	75
2.5. Compensation and benefits	76

Main risk factors and	96
risk management within the Group
3.1. Risk factors	98
3.2. Insurance	115
3.3. Risk Management and internal control	117

Non-financial performance	124
statement corporate
social responsibility
4.1. People	132
4.2. Environment	146
4.3. Ecosystem	161
4.4. Environmental and social indicators -
CSR concordance tables	180
4.5. Data compilation methodology for CSR indicators	184
4.6. Report by the appointed Independent Third Party
on the consolidated non-financial statement
included in the group management report	186

Financial statements	190
5.1. Consolidated financial statements	192
5.2. Corporate financial statements	267
Information about the share capital	290
and ownership structure
6.1. Nexans share information	294
6.2. Share capital	296
6.3. Employee shareholding	299
6.4. Shareholders' Meetings	300
6.5. Summary of authorizations to increase
the Company's share capital and their use during 2020	301
6.6. Share buybacks	302
6.7. Information with a potential impact
in the event of a public offer	304
6.8. Shareholder information	305
Additional	306
information
7.1. Information about the Group and the Company	308
7.2. List of related-party agreements	314
7.3. Statutory auditors	320
7.4. Statement by the person responsible
for the Universal Registration Document
containing an annual financial report	321
Concordance	322
Table
8.1. Concordance table of the Universal
Registration Document	324
8.2. Concordance table of the annual financial report	327
8.3. Concordance tableof the Management Report	328
8.4. Concordance table of the Report
on Corporate Governance	329
8.5. Concordance tables for the Non financial Performance
Statement and Corporate Social Responsibility	330

The Universal Registration Document was filed on March 26, 2021 with the AMF, in its capacity as competent authority under EU Regulation 2017/1129, without prior approval, in accordance with Article 9 of said Regulation.

The Universal Registration Document may be used for the purpose of a public offer of financial securities or the admission of financial securities to trading on a regulated market only if supplemented by a transaction note and, if applicable, a summary and all amendments to the Universal Registration Document. The group of documents then formed is approved by the AMF in accordance with Regulation (UE) 2017/1129.

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P R O F I L E

Nexans' cabling systems, solutions and services are shaping the future.

Nexans is a key driver for the world's transition

to a more connected and sustainable energy future.

Guided by our purpose - "Electrify the Future" - and our values : Pioneers, Dedicated and United; we are striving to become an electrification pure player.

For over a century, the Group has been playing a leading role in electrifying the planet, designing resilient products and innovative services throughout the entire value chain

to help its customers meet their ever-increasing energy needs.

We are working in partnership with our customers in the fields of energy infrastructure, energy resources and smart buildings to create a safer, smarter and more efficient future.

Nexans has been a signatory of the UN Global Compact in favor of a more responsible world economy since 2008, and has committed to achieving carbon neutrality by 2030.

Nexans is listed on Euronext Paris.

Manufacturing sites in

38

countries

worldwide

sales presence

5.7	25,000
billion euros	employees
in sales(1)

1. To neutralize the effect of fluctuations in non-ferrous metal prices and therefore measure the underlying sales trend, Nexans also calculates its sales using standard prices for copper (new standard price at 5,000 €/t) and aluminum.

As a member of the United Nations Global Compact, Nexans is committed to supporting and implementing ten universally-accepted principles in the areas of human rights, labor, the environment and anti-corruption.

A List

The Group is included on the prestigious A List of companies fighting climate change, drawn up by non-profit organization CDP (Carbon Disclosure Project).

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M E S S A G E F R O M T H E C H A I R M A N O F T H E B O A R D O F D I R E C T O R S

As 2021 gets underway, several words come to mind to describe how Nexans has weathered the past year and how it plans to continue its successful trajectory.

Pride. We enjoyed a strong market performance despite a complicated and unprecedented second quarter, and excellent results in all financial indicators. We have come through the ordeal even stronger, with a restored credibility and equipped to harness the leeway afforded by the extensive work of Christopher Guérin and his teams. Nexans is back in the driver's seat and ready to implement its ambitious program.

Solidarity. As personified by the teams that stood shoulder- to-shoulder for months on end. I give a particular shout-out to Nexans in China, which managed the local health crisis astoundingly and then went on to share its experience and instigate numerous initiatives. In early spring 2020, it sent masks

to Europe, which our employees initially took it upon themselves to distribute to hospitals close to our sites. If our employees came together to shore up the Group it was because, regardless of the health crisis, their belief in the value of Nexans' mission to "electrify the future" has fostered in them an enduring sense of belonging.

The alignment and commitment of the Board members. Members clearly still need the same level of knowledge to make rapid decisions, and this free-flowing, transparent exchange of information has further consolidated relationships and strengthened individual involvement in the decision-making process. Such an alignment, of both independent members and Invexans and BPI representatives, allows the Board to continue helping management to successfully steer the Group.

Last year you elected two independent Board members - Jane Basson and Sylvie Jéhanno - for an initial term. With

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considerable industry and management experience, these members are contributing massively to the success of our plans during this period of major change for the Group.

Pursuant to current law, a second employee representative joined Angeline Afaoukoé on the Board in October 2020. Bjorn Erik Nyborg has been with Nexans for over 15 years and is a senior member of the logistics team at our High Voltage site in Halden, Norway. As for our employee shareholders, they are currently represented by Marie-Cécile de Fougières, whose term of office is due to expire this year. We will therefore be asking you to approve the appointment of Selma Alami, who has been working for the Group for almost 20 years and is currently based in Casablanca as Chief Executive Officer of our Northwest Africa operations. These three directors represent our employees, who I wish to thank sincerely for their strong, unwavering commitment during this particularly intense year.

Professionalism. Surrounded as we are by an atmosphere of stress, doubt and heightened risk, Nexans has been drawing on its robust and well-accepted ethics and compliance mechanism to ensure compliance at all times. An array of intelligent and user-friendly online tools have been rolled out to raise employee awareness about best practices. These include the full training program, and videos of case studies and testimonials. The appeal of this campaign lies in its use of real-life situations as opposed to mere concepts, at a time when cyber attacks are

increasing exponentially. The campaign has been well received in the field, where employees are justifiably aware of their company's reputation and the importance of ethical conduct. We strongly encourage our employees to have pride in their Group.

The future, as reflected in our new motto: "We electrify the Future". The Group's strategic position and the awareness-raising work carried out internally over the last few months, have seen Nexans claim its rightful place as a major renewable power and energy transition player. Naturally, these "Climate" objectives apply to us as well, and we are on course with the roadmap we announced last year to become carbon neutral by 2030. Outstanding work by all of our employees under the impetus of Executive Management gives the Group the credibility to rise to this major challenge. Your support is invaluable to us.

Beyond market performance, the Board is looking to enhance shareholder involvement by implementing a more coherent dividend policy. At this year's Annual Shareholders' Meeting it will be recommending a dividend payment of €0.70 per share.

Jean Mouton,

Chairman of the Board of Directors

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