HEXAOM (formerly MFC): 2022 1st HALF REVENUE: +10% to EUR 549.8m – 08/04/2022 at 5:45 p.m.

ORDER INTAKE IN LINE WITH THE GROUP’S ANNUAL OBJECTIVES

Production: organic growth of 10% in the first half of 2022

Over this first half, the Group published a turnover of €549.8 million. This production growth of +10.0%, achieved on a like-for-like basis, is comparable to the first half of 2021 which had reached a historic level. It demonstrates the ability of the HEXAOM Group to cope with the lengthening of material supply times experienced by all building stakeholders.

For the second quarter of the current financial year, HEXAOM achieved a turnover of €289.3 million, up +7.5% compared to the same period of the previous financial year.

By business segment, half-year revenue breaks down as follows:

• The activity
  
  Building of Houses
  
  maintains a good level of production and records a turnover of €425.5 million, up 10.2% compared to the first half of last year.

• The activity
  
  Renovation
  
  contributes €77.0 million to the Group’s turnover, down 5.1% compared to last year.

B2B renovation generates revenue of €50.6 million compared to €56.9 million over the same period of 2021, a consequence of the decision taken by the Group last year to limit the growth of this division in order to direct its activities towards B2C businesses.

B2C renovation confirmed its good momentum with an increase in turnover of 9.5% to €26.4 million.

• L’
  
  Land development
  
  posted an increase of +171.2% in its turnover, which reached €16.0 million. The activity
  
  Promotion
  
  contributed €31.2 million to the Group’s half-year revenue, up 16.9%.

Order intake in line with Group forecasts

House Building Activity

After record orders made in 2021, the Home Construction activity is back to a more standard level of activity and in line with the objectives the Group has set for the year.

As of June 30, 2022, the Home Construction order book represented revenue of €514.0 million, down 23.1% in number and 10.8% in value. Thanks to the quality of its customers, and in order to preserve its margins, the Group has been able to practice regular price changes for several months to cope with both the increase in construction costs (materials and subcontracting) and the evolution of regulatory standards (RE 2020).

The average selling price for the half-year rose again to stand at €151.6 K excluding VAT compared to €130.6 K excluding VAT in the same period of 2021.

Renovation activity

With regard to the B2C renovation activity, order intake from RENOVERT and CAMIF HABITAT remained stable in the first half at €26.5 million. In the coming months, all these brands should benefit from the generalization of an “energy renovation” offer. The ILLICO TRAVAUX activity posted a very good performance given the development of the network of franchisees operated in recent years. Intermediated order intake was thus up 30.9% to €40.9 million.

The Group’s actions aimed at structuring B2B renovation activities are continuing and relate in particular to selective order intake. B2B commercial renovation activity thus amounted to €24.4 million compared to €50.2 million for the same period of 2021.

Activities Promotion and Land Development

At the end of June 2022, the order book (reserved stock not recorded) for the Land Development activity stood at €30.0 million, representing 425 units.

For the Property Development activity, despite the longer delays in obtaining building permits observed by the profession, the backlog at June 30, 2022 amounted to €84.3 million and the potential stock at the same date represents a figure business to be delivered of €304.4 million, i.e. 1,481 housing units.

2022 outlook confirmed by record onboard traffic of more than one billion euros

For 2022, due to the excellent commercial performance recorded over the whole of the 2021 financial year and a start to the 2022 financial year in line with forecasts, the Group’s production should once again show growth, despite a context of longer construction times.

Although the Group demonstrates good resilience, HEXAOM nevertheless remains very vigilant:

• on the maintenance of its margins in an economic environment still marked by an increase in inflation with, in particular, the costs of materials and subcontracting under pressure.

• on the level of profitability of its B2B renovation activity. The measures put in place to improve its margins do not yet enable this subsidiary to achieve the objectives set. Its results will be clearly in deficit on the 1
  
  ^er
  
  semester.

Backed by a diversification strategy that has amply proven its worth, a recognized leadership position in the field of Home Construction but also in Renovation and with a very healthy financial structure, the HEXAOM Group will continue in 2022 to gain market share and strengthen its position as a housing generalist in France.

Furthermore, in order to adapt its listing compartment to the size of its market capitalization, HEXAOM is currently studying the project of transferring to Euronext Growth Paris.

Next press release

: results of 1

^er

semester 2022, September 21, 2022 after market close

Next meeting

: presentation of half-year results, September 22, 2022 via webcast

ABOUT THE GROUP

Since 1919, five generations of the same family have succeeded each other in the management of HEXAOM, a Group which leads and federates an ecosystem of 46 brands and subsidiaries with complementary expertise. A unique entrepreneurial and family history marked by its stability in a business sector characterized by its complexity.

The Group, leader in the construction of individual houses, renovation and home ownership markets in France, currently has more than 13,000 customers per year, more than 105,000 houses built, more than 85,000 renovations, more than 2,250 employees and revenue of €997.0 million in 2021.

HEXAOM is listed on Euronext Paris – Compartment B.

The HEXAOM share is eligible for the PEA-PME.

ISIN code: FR 0004159473

GLOSSARY :

Gross order intake:

a contract is recorded in gross order intake as soon as it is signed by the customer and accepted by our “sales administration” departments (administrative control of documents and validity of the file’s financing plan, feedback from the field survey , verification and acceptance of the sale price). The recorded amount corresponds to the turnover excluding tax to be achieved on this contract.

Backlog (promotional activity):

represents the Group’s future revenue already secured, expressed in euros, for the property development activity. The backlog includes the reservations not recorded and the part of the turnover remaining to be generated on the notarial deeds already signed (part remaining to be built).

Order book (land development activity):

represents registered land reservations not canceled and not yet recorded.

Construction in progress :

includes orders for which the conditions precedent to start the work are met (building permit and customer financing obtained, customer owns the land) and not received (delivered) by the customer.

Change in turnover at constant scope:

change in revenue for the periods to be compared, recalculated as follows:

– in the event of an acquisition, the turnover of the acquired company which has no correspondence in the period of comparison is deducted from the current period,

– in the event of a transfer, the turnover of the transferred company is deducted from the comparison period, which has no correspondence in the current period.

B2B (business-to-business):

describes exchange activities between companies.

B2C (business-to-consumer):

describes exchange activities with individuals.

Net margin on variable costs:

corresponds to the difference between the revenue generated by the contracts and the costs directly attributable to these contracts (construction costs, sales or agent commissions, taxes, insurance, etc.).

Current operating income :

intended to present the Group’s operating performance excluding the impact of non-recurring transactions and events during the period.

Active cash:

includes cash on hand and demand deposits.

Debt:

includes all current and non-current financial debts except rental debts according to the restatement of IFRS 16.

Cash net of debt:

corresponds to active cash less indebtedness.

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