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Registration Document 2009 Registration Challenges for All and We Are Confident in Our Capacity to Take Our Business Forward

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Registration Document 2009 Registration Challenges for All and We Are Confident in Our Capacity to Take Our Business Forward Nexans, the world’s leading cable supplier, demonstrated the solidity of its business model and the resilience of its operations during 2009. We have enhanced our competitiveness and our financial structure. We have improved and enriched the services offered to our customers. We have successfully invested in innovation and strengthened our resources in emerging markets to benefit from regional growth over the long term. 2010 will be another year of 2009 Registration document 2009 Registration challenges for all and we are confident in our capacity to take our business forward. www.nexans.com 2009 Registration document Optimizing our strengths Financial and legal information Nexans at a glance 01 Management report 18 Contact For further information Interview Report of the Chairman 80 with the Chairman 03 Investor Relations Department If you wish to obtain the 2009 Registration document, Consolidated Nexans 8, rue du Général Foy – 75008 Paris, France please contact: Management 04 financial statements 104 • Tel.: +33 (0)1 73 23 84 56 Communications Department The Board of Directors 05 Corporate • Fax: +33 (0)1 73 23 86 39 Nexans 8, rue du Général Foy – 75008 Paris, France financial statements 204 • Tel.: +33 (0)1 73 23 84 00 Solid strengths 06 • Freephone (France only) • Fax: +33 (0)1 73 23 86 38 Additional information 230 A responsive strategy 08 • E-mail: [email protected] Statutory Auditors 250 • E-mail: [email protected] 2009 key figures 10 The Registration document is also available • Our financial information is also available on Nexans’ website at www.nexans.com Statement by the person The Nexans share 14 on Nexans’ website at: www.nexans.com responsible for the Registration Press contact document 252 • Tel.: +33 (0)1 73 23 84 12 • E-mail: [email protected] Concordance table 254 Shareholders’ calendar Credits • April 22, 2010: First-quarter 2010 financial information Published by Nexans – Communications Department – March 2010 • May 25, 2010: Annual Shareholders’ Meeting Produced by: Photographs and computer graphics: Christian Chamourat, • June 2, 2010: Payment of the dividend Nexans, DR, Getty Images. • July 28, 2010: 2010 half-year results Document printed on 100% certified PEFC paper (PEFC No: BV1864721) from sustainably managed forests by a printing company, holder of the Imprim’vert label. Individual shareholders’ information meetings • May 31, 2010: Biarritz • December 2, 2010: Rennes (1) These dates are subject to change. This Registration document contains Nexans’ annual financial report for fiscal year 2009 This Registration document was filed with the Autorité des Marchés Financiers (French stock market authorities) on April 8, 2010 in accordance with article 212-13 of the General Regulations of the AMF. It may be used in connection with a financial transaction only if supplemented by a transaction memorandum which has been reviewed by the AMF.* This document has been established by the issuer and is binding upon its signatories. * Free translation from the original French version of the AMF certificate This document is a free translation from French into English and has no other value than an informative one. Should there be any difference between the French and English versions, only the text in the French language shall be deemed authentic and considered as expressing the exact information published by Nexans. Global leader in cables As the worldwide leader in the cable industry, Nexans provides cabling solutions for the Infrastructure, Industry, Building and Local Area Network (LAN) markets. The Energy and Transportation markets are at the core of Nexans’ development. Employing a total of 22,700 people, the Group has production facilities in 39 countries and a sales presence that spans the globe. Its offering covers the entire value chain – including research, design, manufacturing, installation, training, and network supervision and control – and is unique in terms of its range and complementary mix as well as the array of available related services. With its technological leadership, global expertise and local presence, Nexans operates around the world to satisfy essential needs while maintaining the highest levels of performance, safety, and respect for the environment. Nexans is listed on NYSE Euronext Paris. Nexans joined the UN Global Compact in December 2008, highlighting the Group’s commitment to support and implement ten universally-accepted principles in the areas of human rights, labor, environment and anti-corruption. Nexans at a glance // Optimizing our strengths //Registration 2009 ANNU documentAL REP OR2009T // // 0 1 ” We held firm and continued to invest for the future.“ Frédéric Vincent // Chairman and CEO Interview are in the process of being closed. emerging countries. These strengths are What significant events Nexans has handled this restructuring unique in our industry. We are confident took place in 2009? very responsibly. We are using all the about the future, and that is why we are First off, the economic crisis ended up resources available so that no one proposing a resolution at the Annual being much worse than we had anticipated. is faced with finding a job alone. Shareholders’ Meeting to pay a dividend We expected sales to decrease 5% to 10%. Production levels have been adapted of one euro per share for 2009. They were down 17% like-for-like in 2009, to the economic context, reflecting lower yet we still achieved our objective of a 6% demand in the automotive industry, What is your strategic plan? operating margin. automated systems for industry and the There was also a change in Nexans’ building sector. We have done everything We are focusing on four areas. We are leadership for the first time since we can to manage our resources the best capitalizing on the sectors and segments the company was founded ten years ago. way possible. Thanks to a concerted effort where our expertise and solutions already The transition was planned some time ago by our teams across all departments and at stand out. Our capacity to offer innovative and was gradual. This change in corporate all levels, our decrease in working capital solutions in all areas accentuates governance was handled flawlessly, and more than offset the fall in business revenue. our leadership position. we have Gérard Hauser to thank for that. We also continued to pursue our cross- We are strengthening our competitive edge Nonetheless, it does represent a real change. functional streamlining plans. The Nexans and our expertise in highly competitive Nexans has become much more Excellence Way industrial performance markets such as the building market and international. In today’s changing program was launched in June. the industrial applications market. environment, we have to be more Our results in terms of workplace We are making customer satisfaction a key responsive. Thus, I have put in place a safety have improved significantly. priority. We strive to meet all their needs, more tightly-knit, collegial organization, Over 4,500 employees attended sessions no matter how big or small. We are with three people working in close at the Nexans University – our campus expanding our offering, and we are collaboration with me. We are a very that is dedicated to knowledge sharing strengthening our collaboration with complementary team. At the same time, and best practices. our customers to work together and create new members have joined the Executive We also increased our R&D investments, added value that we can share. Committee, which has been expanded generating a record number of patent filings. We are tapping into the Group’s wealth and has also become more international. of expertise and resources. Nexans is Finally, the Group has solidified and What’s in store for the future? much more than the sum of its plants, strengthened its financial position. its subsidiaries and its countries. We have We issued 212 million euros in convertible It is hard to predict for the short term. created a team dynamic to raise this bonds on reasonable terms, giving us But distributors will not be reducing their collective value, because a company is first even more flexibility. And, of course, inventories anymore; there are fewer and foremost a common project. Fonds Stratégique d’Investissement restrictions on financing projects; acquired an interest in Nexans to support and there is growth in China, India the Group’s development over the and Brazil. The needs in terms of energy, long term, as did Madeco – our largest transportation and infrastructures are shareholder. huge, and most stimulus plans provide for major investments in these areas. How did you react The majority of our business is related to the economic crisis? to energy production, transmission and distribution. We are also well placed We held firm and battened down in transport and transport infrastructure. the hatches; we stayed the course and When our new plants are up and running continued to invest for the future. in India and Qatar, we will have a We stepped up our plans to scale worldwide manufacturing base to serve our back operations. Plants in Germany, customers – who are ever more globalized France and Canada were closed or and hail from both developed and Referring to the 2009 results, Frédéric Vincent, Chairman and CEO, said: “ The Group remains positioned as a key actor in cables for Transmission and Distribution (T&D) networks and has developed promising positions in applications specifically for renewable energies, rail transportation and offshore oil resources, all of which are examples of the ongoing potential of the market sectors served by Nexans. It is for these reasons that we are confident about the future, even if early 2010 still reflects an economy struggling to recover. In this context, the level of sales in the first quarter of 2010 of the cable activity is expected to be at a similar level as the fourth quarter 2009, and less than first quarter 2009 sales.
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