Investor Day: Nexity presents its "IMAGINE 2026" strategic plan for a new profitable and responsible growth cycle
September 28 2022 - 1:30AM
Investor Day: Nexity presents its "IMAGINE 2026" strategic plan for
a new profitable and responsible growth cycle
- >20% market share in Residential
Real Estate by 2030
- >€6 billion in revenue and
>€500 million in current operating income in 2026
- Group net debt under control:
leverage <2.5 x EBITDA (2022-2026)1
- Dividend ≥ €2.50 per share for each
financial year over the 2022–2026 period
- At least 30% reduction in CO2
emissions per sq.m delivered by 20262
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Paris, Wednesday 28 September 2022, 7.30 am
CEST
Nexity is holding an investor day today
to present its strategy as a global real estate operator for a new
growth cycle over the 2022-2026
period.
Véronique Bédague, Chief Executive
Officer, said: "Our leading position across real estate
markets, our size and our dense network, allow us to take advantage
of significant real estate and environmental changes. Our growth
ambitions are based on the evolution of our model as a global real
estate operator, based on two market trends: the shift in value
from product to use and the acceleration of the sustainable city
model. I am confident in the commitment and the quality of the
teams to seize these growth opportunities. »
The acceleration
of the sustainable city
model offers Nexity a significant opportunity to
gain market share in real estate development thanks to its dense
network and the development of new decarbonated products more sober
in use.
To capture the shift from product to
use, Nexity can capitalise on its expertise in managed
real estate to address individuals and institutional investors
attracted by an offer with secured returns. The profitable
expansion of student residences and coworking is accelerating and
will be complemented by co-living and managed residential real
estate offers in response to a tight rental market.
In a context of significant change in lifestyles
and usage patterns, the development of a new service offering will
stay with clients throughout their real estate life. Nexity
develops a world of experiences
aimed at building a loyal and valued community of customers
and investors. Customised offers are proposed through an
open ecosystem “My Nexity”, constantly enriched with new real
estate services and products distributed by Nexity or by third
parties.
AMBITION
The Group confirms its "guidance" for 2022
- >14% market share in Residential
Real Estate in an expected market of 130,000 units
- >€4.6 billion in revenue and
current operating margin around 8%
In addition, Nexity announced today the
following medium-term objectives:
- >20% market share in Residential
Real Estate by 2030
- >€6 billion in revenue and
>€500 million in current operating income by 2026
- Group net debt under control: net
financial debt before lease obligations <2.5 x EBITDA
(2022-2026)3
- Dividend ≥ €2.50 per share for each
financial year over the 2022–2026 period
This ambition assumes stability in the new home
market, in line with the track record of the last 10 years, in
which Nexity is expected to continue to grow organically its market
share to more than 20% by 2030.
In addition, Nexity aims at remaining the leader
in real estate decarbonation and being one of the companies most
committed to its positive impact on biodiversity:
- 42% reduction in CO2 emissions per
sq.m by 20304
- 100% of employees trained in the
Climate collage (“La Fresque du Climat”)
- 100% of 2024 deliveries having
investigated the limitation of soil sealing
- 100% of operations delivered in
2023 vegetated with biodiversity requirements
***
Financial Calendar &
Practical
Informations
Q3 2022 Business activity and revenue (after market close) |
Wednesday 26 October 2022 |
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The presentation accompanying this conference
will be available on the Group's website from 29 September
2022.
DisclaimerThe information,
assumptions and estimates that the Company could reasonably use to
determine its targets are subject to change or modification,
notably due to economic, financial and competitive uncertainties.
Furthermore, it is possible that some of the risks described in
Section 2 of the Universal Registration Document filed with the AMF
under number D.22-0248 on 6 April 2022, could have an impact on the
Group’s operations and the Company’s ability to achieve its
targets. Accordingly, the Company cannot give any assurance as to
whether it will achieve its stated targets and makes no commitment
or undertaking to update or otherwise revise this information.
NEXITY, LIFE TOGETHER With
nearly 8,000 employees and €4.6 billion in revenue in 2021, Nexity
is France’s leading global real estate group, with a nationwide
presence and business operations in all areas of real estate
development and services. Our strategy as a global real estate
operator is designed to serve all our clients individuals,
companies, institutional investors and local authorities. Our
corporate purpose ‘life together’ expresses our commitment to
create for them, sustainable spaces, neighbourhoods and cities,
that make it possible to forge and re-establish links. Nexity is
notably classified for the fourth year in a row, France’s
number-one low-carbon project owner by BBCA, is a member of the
Bloomberg Gender-Equality Index (GEI), Best Workplaces 2021 and
certified Great Place to Work® in September 2022.Nexity is listed
on the SRD, Euronext’s Compartment A and the SBF 120.
CONTACTSDomitille Vielle – Head
of Investor relations / +33 (0)6 03 86 05 02 –
investorrelations@nexity.frCyril Rizk – PR Manager / +33 (0)6 73 49
72 61 – presse@nexity.fr
1 EBITDA after leases
2 Variation compared to 2019 in emissions
related to the life cycle of delivered buildings (scope 3
residential and commercial development), in CO2 eq. per sq.m3
EBITDA after leases4 Variation in 2030 compared to 2019 in
emissions related to the life cycle of delivered buildings (scope 3
residential and commercial development), in CO2 eq. per sq.m
- 20220928_PR_Investor_Day_IMAGINE 2026
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