Gérard Hauser

2005 Full Year ResultsFebruary 2, 2006

2

Investor Relations: Michel Gédéon Tel: 33 1 56 69 85 31 E-mail: michel.gedeon@nexans.comFax: 33 1 56 69 86 35

This presentation contains forward-looking statements relating to the Group’s expectations for future financial performance, including sales and profitability, as well as an estimation of the impact that the IAS / IFRS accounting standards will have on its results.

The forward looking statements contained in this presentation are dependent on known and unknown risks, expectations and assumptions, uncertainties and other factors which may cause the Group’s actual results, performance and objectives to be materially different from those indicated by the forward looking statements.

These forward looking statements depend amongst others on the following assumptions and risks : (1) the rates of economic growth in the zones where Nexans is active remaining at current levels until 2007; (2) the continued strong demand of the energy infrastructure market in particular in developing countries and of the Oil & Gas sector; (3) the possibility to pass on to final customers increases in the costs of raw materials, energy and transport; (4) the management of risks associated with sales in turnkey projects;(5) the effect of metal price and currency fluctuations being neutral; (6) the Company being able to reduce its cost base through realization of restructuring actions in the anticipated time frame; (7) the Company being able to achieve productivity improvements; and (8) the Company successfully integrating acquisitions.

Safe Harbor

3

February 1, 2006A further step toward refocusing on Cables

Key data :

• Sales : 189 M€ (o/w Nexans cables 10 M€)

• EBITDA (*) : 21.3 M€

• Operating margin (*) : 18.3 M€

• Headcount : 396

Price paid in cash (Enterprise value) : 206 M€

Key dates :

• Signature : January 20, 2006

• Closing : February 1, 2006

Capital gain ≅ 150 M€

(*) Before contribution to central costs

Divestiture of Electro-Matériel (Swiss Distribution) to Rexel

4

An important step toward 2007

2005 SALES = 4,263 M€+ 5.2 %

Organic growth Development of specialityproducts

Confirmed strong growth in Energy markets

Breakeven point lowered

Further refocusing Products / Geographic

Net debt = 374 M€ Increase

contained

Confidence

in the future

Op. Margin = 186 M€+ 40 %

X 2Proposed dividend = 1 €

5

Key Figures

(in Million €) 2004 2005

Sales at current metal prices 4,732 5,449

Sales at constant metal prices 4,005 4,263

Sales at constant metal prices and exchange rates 4,080 4,263

EBITDA 222 281

EBITDA margin 5.6 % 6.6 %

Operating margin 133 186

Operating margin rate 3.3 % 4.4 %

Net income (group share) 58 108

Return on capital employed (ROCE) before tax 8.6 % 10.3 %

Fully diluted EPS (€) 2.55 4.46

6

Steady growth in activity

2005 growth above expectations

Driven by a particularly sustained Q4 (> 7 %)

Strong growth in "Cable" activities (+ 8.6 %)

Sales at constant metal prices (M€)

4,263

3,924

2003 2004 2005

03 / 05

+ 12 %organic

05/04 + 5.2 %

2004

2005IFRS 5

Perimeter

Currency

Organic

-15475

-26209

4,005

4,263

4,159

7

Operating margin (M€)

0

1

2

3

4

5

6

7

8

9

10

11

12

2003 2004 20052003 2004 2005

91133

1862.3 %3.3 %

4.4 %

6.3 %

8.6 %10.3 %

%

ROCE before tax

OPM / Sales

Stronger profitability

ROCE up despite the adverse effect of copper• Operational lever and greater exposure to high value added segments• Management of capital employed• Further selective divestitures

8

Aided bystrong drivers in Energy

Infrastructure

• Interconnection and protection of the networks in Europe

• Maintenance of the North American network

• Growth in emerging countries

• Safety / Ecology (Windmill)

OEMs : very active niches

• Shipbuilding

• High end automotive

• Oil & Gas sector

Building

• Growing safety requirements

• Increase in residential construction

9

Development in speciality products

Development plan in place for each priority segment

Constant monitoring through Country organization

2005 : DEVELOPMENT ON TARGET

Σ :

304324

546 614

343313

2004 2005estimate

1,163 1,281

BUILDING

•LAN•Safety•Heating cables

+ 13 %

+ 10 %

+ 7 %

•Naval Shipboard•Automotive•Robotics•Nuclear•Handling

OEMs

Contribution to consolidated sales : 28 % 30 %

(in Million €)

•High Voltage•Umbilicals•Energy accessories•Railway•xDSL•FTTx•Windmill

INFRASTRUCTURE

10

Refocusing policy Products / Country

Total divestments (M€)

•Divestiture value (100 %) 310

•EBITDA 28.1

•Operating margin 20.5

Accretive effect as early as

2006

•Divestiture : DistributionNorway

•Annual sales : 118 M€

•Price : 45 M€

•Buyer : Ahlsell

October 05

•Divestiture : 59 % of Winding wires Europe

•Annual sales : 150 M€

•Price : 59 M€ (basis 100 %)

•Buyer : Superior Essex

August 05 January 06

•Divestiture : DistributionSwitzerland

•Annual sales : 189 M€

•Price : 206 M€

•Buyer : Rexel

January 06

•Acquisition : ConfectaSwitzerland

•Speciality cables

•Annual sales : 22 M€

•Acquisition : 60 % of Lioa Vietnam (*)

•Energy Infrastructure

•Annual sales : 10 M€

(*) Subject to approval by the Vietnamese authorities

11

Lowered breakeven point Improved efficiency

Constant decrease in fixed costs since 2001

(in Million €)

9181,030

01 03 05

930

Fixed costs

Salesat constant metal prices

4,2634,4673,924

01 03 05

Allows a higher profitability

At a lower level of sales

01

186173

91

03 05

Operating Margin

(*)

(*) Pro Forma after application of CRC 2002-10

12

Performance

by business and by geographical area

Frédéric Vincent

13

Strong expansion in cable activities

Sales OPM % Sales OPM % Sales OPM

Energy 2,653 119 4.5 % 2,865 171 6 % + 8 % + 44.6 %

Telecom 566 17 3.1 % 630 25 4 % + 11.3 % + 43.1 %

Electrical wires 850 7 0.8 % 758 6 0.7 % - 10.8 % - 16.4 %

Other 11 (10) - 10 (16) - - -

Total 4,080 133 3.3 % 4,263 186 4.4 % + 4.5 % + 39.7 %

2004 2005 2004 / 2005(in Million €)Sales at constant metal prices

and exchange rates

14

EnergyGrowth in all segments

High voltage and umbilicals : Growth in orders in excess of 80 %

OEMs :

• Improved industrial performance in Germany

• Strong growth in high end automotive cables

Building : • Increased market share worldwide

• Recovery in industrial performance in Europe

Σ : 119Σ : 171

79.2

90.2

36.9

22.40.7

54.4

1.7

4.4

Superconductors & Other

Infrastructure

OEMs

Building

1,240 1,342 1,413 1,522

278.6 295.9

565.6 633.9

541.1559.0

33.627.6

271.4 288.4

436.6 495.2

510.9533.7

24.921.4

HY1 04 HY1 05 HY2 04 HY2 05 20052004

(*) Annual change in sales = + 8.2 % at constant consolidation scope

Operating Margin (M€)Sales (M€) (*)at constant metal prices and exchange rates

15

TelecomProfitability close to group objectives

(*) Annual change in sales = + 10.5 % at constant consolidation scope

Infrastructure

• Satisfactory growth in copper networks

• Speciality markets particularly profitable (Accessories, OF cables, …)

Favorable US context for private local area network (LAN) cables

Infrastructure

OEMs

Private networks (LAN)

5.9

11.4

0.1

-1.9

15.7

11.1

2005

25

2004

17Σ :273Σ : 292 293

HY1 04 HY1 05 HY2 04 HY2 05

338

61 56.5

106.1 127.5

105.5108.1

60.5 59.1

120.8 138.6

112.0140.4

Operating Margin (M€)Sales (M€) (*)at constant metal prices and exchange rates

16

Electrical Wires A challenge for the future

30.3 31

391.3 362.4

54.2 29.4

374.0334.7

Σ :

-4.3

3.2

11.02.4

2005

7Σ : 6

2004

428 364 422 393

Winding Wires

Wirerod andBare conductors

HY1 04 HY1 05 HY2 04 HY2 05

Winding wires : 2004 divestitures contribute to recovery

Bare conductors : External volumes down and pressure on prices

(*) Annual change in sales = - 7.9 % at constant consolidation scope

Operating Margin (M€)Sales (M€) (*)at constant metal prices and exchange rates

17

Europe :

• Success in export markets. Some domestic markets remain tough

• Specialities improving

North America : Good position on a growing market

Asia : Protecting margins on a competitive market

Rest of World : Strong growth engines

Significant progressin all geographical areas

Σ :Σ :

Operating Margin (M€)Sales (M€) (*)at constant metal prices and exchange rates

275213 247232726 753

84

108

25811

1031

42

133 186

Asia

Europe

Rest of World

North America

2004 20052004 2005

4,080 4,263

2,909 2,988

18

Financial Results

Frédéric Vincent

19

Profit & Loss Account

(**) Operating margin before depreciation

Sales at constant metal 4,005 4,263Margin on variable costs 1,022 1,104Indirect costs (799) (823)EBITDA(**) 222 281Depreciation (89) (95)Operating margin 133 186Operating margin rate (%) 3.3 % 4.4 %Change in fair value of metal derivatives and other - 33Financial charge (36) (36)Restructuring (36) (24)Other revenue 16 29

Income before tax 77 188

Income tax (19) (26)

Net income from operations 58 162

Net income from discontinued operations 5 (45)Minority interests (5) (9)

Net income (group share) 58 108

(in Million €) 20052004

25.5 %

5.6 %

(*)

(*) Excluding IAS 32 and 39 implemented as of January 1st, 2005

25.9 %

6.6 %

20

Change in fair value of metal derivatives IAS 39Artificial effect on net income

Order received from customer at

1,500 €/T (LME price at order date)

LME contractpurchase at

1,500 €/T

Copper received from supplier at

1,800 €/T (LME price on delivery date)

Physical

300(300)

LME/Contract

(Loss) Gain

Day 1

Day 2

Day 3

COMMITMENT

PAYBALE

Invoicing

Operating margin protected

IAS 39

Temporary volatility

on net income

Anticipated potential gain

in 2005 (+ 33 M€)

Cancelled when

implemented in 2006 (- 33 M€)

Total 2005/06 0 0

21

Spotlight on discontinued operations

Perimeter of "discontinued activities" (IFRS 5) :

• Winding wires Europe sold to Superior Essex(closing on October 21, 2005)

• Winding wires Italy (discontinued in September 2005)

It was initially expected that closing costs would be recorded on the "Restructuring" line

Winding wire activity now limited to the Canadian facility Simcoeand the Tianjin Chinese joint venture

Sales (at constant metal prices) 131

Operating margin (7)

Closing costs (11)

"Impairment" and capital loss (27)

Net income from discontinued operations (45)

(in Million €)

22

Cash flow statement

(*) Cash flow provided by operations not including restructuring expenses

Operating Cash Flow (*) 141 196

Capital expenditure (net of disposals: 19 M€ in 04 and 10 M€ in 05) (78) (120)

Change in Working Capital (90) (182)

Cash impact of (acquisitions) / disposals (96) 78

Restructuring expended (35) (37)

Dividend paid (9) (12)

Other 8 (2)

(Increase)/decrease in net debt (159) (79)

IAS 32 and 39 FTA (of which 130 M€ sales of receivables) n/a (115)

Change in Balance Sheet Debt (increase) (159) (193)

(in Million €) 2004 2005

23

Debt increasewith metal prices

Capex and restructuring financed by Operating Cash flow

Net Financial Debt at closing still below 1.5 X EBITDA

Gearing at 35 %

(*) after IAS 32 and 39

Net DebtJan 1, 05(*)

Net DebtDec 31, 05

OperatingCash flow

Capex net

Restructuring

WorkingCapital

Acquisitions& Divestitures

Metal

- 295

- 374196-120

-37

-101-81

78-14Other

24

Working Capital

Pro-forma after application of IFRS standards(*)

Copper price (Quarterly average € / t)

WC on sales at current metal prices

1,834

Dec. 31, 2003

749

2,446

June 30, 2004

15.7 %13 %

Dec. 31, 2004

2,504

16.9 %

856

June 30, 2005

2,860

617

+ 33 %

+ 2 %

+ 14 %

(*) (*)

Dec. 31, 2005

782

14.4 %

3,793

+ 33 %

25

Summary Balance Sheet

Long-term fixed assets 1,046 1,115

Deferred tax assets 66 76

Non-current assets 1,112 1,191

Working Capital 473 782

Assets (net) held for sale 69 42

Total to finance 1,654 2,015Net Financial Debt

Current 35 246Non-current 145 128

ReservesCurrent 92 83Non-current 380 367

Deferred tax liabilities 32 32

Shareholders' equity and Minority interests 970 1,159

Total financing 1,654 2,015

(in Million €) Dec. 31, 04 Dec. 31, 05

26

Medium-Term

Outlook

Gérard Hauser

27

2005 / 2007 Our strategic implementations to continue

Product mixProduct mixReorientationReorientation

Geographical mixGeographical mixReorientationReorientation

Restructuring effortRestructuring effort

Increase Increase CapexCapexvery selectivelyvery selectivelyOperating Leverage

Reduce capitalintensive Businesses

Divest Businessesat multiple

> to implicit average(Distribution Switzerland 2006)

Value Creation

Growth Operating Margin Capital Efficiency

Pursue selectiveAcquisitions(Confecta 2006)

28

Contribution to consolidated sales : 28 % 30 % 40 %

BUILDING

INFRASTRUCTURE

OEMs 304324

614546

343313

2004 2005estimate

1,163Σ : 1,281

2007

+ 10 %

Development in speciality products

29

Geographical MixReorientation

Currently includes China, Vietnam, South Korea, Middle East, Morocco & Brazil

Activity doubled in 3 years

• 1/3 through internal growth and 2/3 through acquisitions

Sales from high growth areas at constant metal prices (M€)

20072002 2005

218

522 + 15 %

30

2006 : Accelerated restructuring

Context

• Confirmed weakness of certain domestic markets in Europe

• High level of capital employed on these same markets given the price of copper

Challenge

• In 2006, launch (and accrue for) actions initially spread over time

• Reduction in capital employed of 90 M€ to 100 M€

• Annual reduction in fixed costs of 20 M€ to 25 M€

P&L Effect 2005 2006 2007

Initial (February 05) 40 40 40

Revised (February 06) 35 80

31

RussiaInfrastructure Energy 7 M€

ChinaOEM Energy 6 M€

South KoreaOEM Energy 7 M€

BrazilInfrastructure and

OEM Energy 10 M€

USABuilding Energy 20 M€

EuropeHigh Voltage 20 M€OEM Energy 10 M€

2006 Capexaccording to the challenge

Current Capex ≅ 80 M€

Growth projects ≅ 80 M€

2006 : total CAPEX of 160 M€

32

Revised objectives for 2007

Means for 2 years

CAPEX = 300 M€ (Depreciation = 220 M€)

RESTRUCTURING = 80 M€ (in 2006)

DEBT at end 2007< 250 M€ (at end 2005 copper price)

WACC(b) = 7.3 %

(a) Return on capital employed(b) Weighted Average Cost of Capital

Sales at constant metal 4,467 4,005 4,263 4,003 4,400

OPM/Sales (%) 3.9 % 3.3 % 4.4 % 4.1 % 5.2 % to 5.5 %

ROCE(a) after tax 7.4 % 5.9 % 7.2 % 6.6 % 8 % to 8.4 %

+ 10 %

(in Million €) 2004 20072001 2005Excl. DistributionPublished

33

Given the disposals made to date

• Organic growth in sales of approximately 4 %

• Higher operating margin

• Reserves for 2006 and 2007 restructuring fully accrued for in 2006 (80 M€)

• Proposition to double dividend (1 € versus 0.50 € in 2004)

• Capex = 160 M€

• Capital gain of approximately 150 M€ (divestiture of Electro-Matériel)

• Closing debt of around 230 M€ at end December 2005 copper price

Launch of an employee share plan for a maximum of 400,000 shares

Objectives for 2006