Nexans added value on electrification turnkey projects represent less than 10% of the project total value. But it is critical: no project can operate without cables.
Protected market with only two players where plants and vessels create high barriers to entry.
SHIFT proprietary methodology has tripled EBITDA while cutting in half WC through analytics and rigorous simplification decision.
Value over volume has opened up our marketplace to new possibilities in innovation, digital and services.
A strong track record borne from clear leadership, incentives aligned to value creation and share price, but also simplification generates on the ground impact.
The best ROCE in the industry and potential for FCF generation upside. 50% cash conversion expected by 2024 with ROCE increasing beyond 20%.