Aquafil Spa · MIL:ECNL
Aquafil Spa — H1 2019 Earnings Presentation
26 slides from Aquafil Spa's earnings presentation, Aug 26, 2019
Slide 1: Aquafil Group Financial Results H1 and Q2 2019
Aquafil Group Financial Results I Half and II Quarter 2019 26th August 2019
Slide 2: Aquafil: synthetic fibres and polymers
A@UAFIL synthetic fibres and polymers
Slide 3: Index
Indice Titolo Pagina 1. Highlights First Half and Second Quarter 2019 4 2. Income Statement KPI First Half and Second Quarter 2019 6 3. Balance Sheet and Financial KPI First Half 2019 8 4. Focus on Turnover 10 5. Aquafil Group at Glance 14 6. First Half and Second Quarter 2019 Financial Statement 20
Slide 4: 1. Highlights First Half and Second Quarter 2019
1. Highlights First Half and Second Quarter 2019 4
Slide 5: Highlights
Highlights REVENUES EBITDA NET PROFIT N.F.P. (€/mil) (€/mil) (€/mil) (€/mil) H1 Q2 H1 Q2 H1 Q2 Act191 286,7 141,3 Act192 39,1 20,0 Act19 10,7 3,0 H1 - 193 263,5 Act18 291,3 150,5 Act18 44,9 22,7 Act18 19,6 9,8 Dic18 157,3 % Var % Var % Var 19 to 18 -1,6% -6,1% 19 to 18 -13,1% -11,9% 19 to 18 -45,7%
Slide 6: 2. Income Statement KPI First Half and Second Quarter 2019
2. Income Statement KPI First Half and Second Quarter 2019 6
Slide 7: Income Statement KPI
Income Statement KPI The Income Statement Key Performance Indicators related with H1 and Q2 2019 compared with H1 and Q2 2018 are: a) Revenues: decrease as net result of (i) the reduction of all Income Statement KPI Product Lines revenues in EMEA due to market slowdown (€/mil) related with economic
Slide 8: 3. Balance Sheet and Financial KPI First Half 2019
3. Balance Sheet and Financial KPI First Half 2019 8
Slide 9: Balance Sheet and Financial KPI
Balance Sheet and Financial KPI The Balance Sheet and Financial Key Performance Indicators related with H1 2019 compared with H1 2018 are: Balance Sheet and Financial KPI (€/mil) a) CAPEX: of 32,6 €/mil, without considering the effects of O’Mara CAPEX 32,6 Incorporated acquisition and of IFRS16. Cap
Slide 10: 4. Focus on Turnover
A@UAFIL synthetic fibres and polymers 4. Focus on Turnover 10
Slide 11: Focus on turnover: ECONYL branded products
Focus on turnover The Group’s revenues of ECONYL® branded products grow of 4,5% in the first half 2019 and 1,1% in the second quarter compared to same periods of 2018. The Group’s revenues of ECONYL® branded products in first half 2019 are equal to the 37,3% of total fiber revenues. 11
Slide 12: Focus on turnover: revenues by product line
Focus on turnover The comparison of amount and percentage of Revenues broken down by Line of Product of first half and second quarter 2019 vs the same period of 2018 are: Revenues (€/mil) H119 H118 Δ Δ Q219 Q218 Δ Δ by Product Line % % BCF (fiber for carpet) 210,4 210,3 0,2 0,1% 104,0 113,1 (9,1) -8
Slide 13: Focus on turnover: revenues by geographical area
Focus on turnover The comparison of amount and percentage of Revenues broken down by Geographical Area of first half and second quarter 2019 vs the same period of 2018 are: Revenues (€/mil) Δ Δ H119 H118 Δ Q219 Q218 Δ by Geographical Area % % EMEA 176,5 194,8 (18,3) -9,4% 85,3 94,0 (8,7) -9,2% North
Slide 14: 5. Aquafil Group at Glance
A@UAFIL synthetic fibres and polymers 5. Aquafil Group at Glance 14
Slide 15: Aquafil Group at Glance
Aquafil Group at Glance • Pioneers of circularity with ECONYL®: - An unique Regeneration System to produce sustainable fiber and polymers from nylon 6 waste; - High barriers to entry for technology and reverse supply chain; - Turnover of product branded ECONYL® equal to 37% of fiber turnover – CAGR
Slide 16: Aquafil Group at Glance: value chain
Aquafil Group at Glance Raw materials Production Distribution Clients Final Application BCF Flooring Solutions Selected Manufacturers Application Users Production and finishing of Standard Caprolactam premium synthetic yarns, Direct sale / Contract • Nylon 6 monomer principally Nylon 6, for agents (
Slide 17: Aquafil Group at Glance: company history
Aquafil Group at Glance Acquisition of O’Mara Incorporated In US Acquisition of Invista BCF Business in Listing in Italian Asia Pacific Stock Exchange Doubling of Production Capacity in China Acquisition of Xentrys from Domo Chemicals The ECONYL® plant in Slovenia begins producing Establishment of …
Slide 18: Aquafil Worldwide
Aquafil Group at Glance AQUAFIL WORLDWIDE USA UK CROATIA CHINA Cartersville (Georgia) Kilbirnie Oroslavje Jiaxing Aquafil USA 1 & 2 Aquafil UK Aquafil CRO Aquafil Jiaxing Phoenix (Arizona) Aquafil Carpet Recycling GERMANY SLOVENIA THAILAND ACR#1 Leuna Ljubljana Rayong Aqualeuna AquafilSLO Aquafil As
Slide 19: 100% regenerated and regenerable nylon
Aquafil Group at Glance • 100% regenerated & regenerable nylon • Unique proprietary technology • 37% of Aquafil Fiber Turnover 2018 WWW.ECONYL.COM 19
Slide 20: 6. First Half and Second Quarter 2019 Financial Statement
6. First Half and Second Quarter 2019 Financial Statement 20
Slide 21: EBITDA and EBIT Adjusted
EBITDA and EBIT Adjusted RECONCILIATION FROM NET PROFIT TO EBITDA Half Year Half Year Second Quarter Second Quarter €/000 2019 2018 2019 2018 Net Profit (Including Portion Attr. to Minority ) 10.654 19.614 2.958 9.764 Income Taxes 3.637 5.424 1.757 2.827 Amortisation & Depreciation 16.574 12.364 8.5
Slide 22: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED INCOME STATEMENT Half Year of wich Half Year of wich Second Quarter of wich Second Quarter of wich €/000 2019 non-current 2018 non-current 2019 non-current 2018 non-current Revenue 286.667 291.291 141.339 150.484 of which related parties 29 188 12 47 Other
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet CONSOLIDATED BALANCE SHEET At June 30, At December 31, €/000 2019 2018 Intangible Assets 17.138 15.992 Goodwill 14.040 - Tangible Assets 252.001 189.661 Financial Assets 750 404 of which related parties 312 79 Other Assets 2.191 2.189 Deferred Tax Assets 6.802 7.841 Total
Slide 24: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement CASH FLOW STATEMENT At June 30, At June 30, €/000 2019 2018 Operation Activities Net Profit (Including Portion Attr. to Minority ) 10.654 19.614 of which related parties -360 -1.637 Income Taxes 3.637 4.975 Other Financial Income -1.100 -17 Interest Expenses 3.717 3.
Slide 25: Net Financial Debt
Net Financial Debt NET FINANCIAL DEBT At June 30, At December 31, €/000 2019 2018 A. Cash 89.032 103.277 B. Other cash equivalents - - C. Securities held-for-trading - - D. Liquidity ( A + B + C) 89.032 103.277 E. Current financial receivables 1.525 2.878 F. Current bank loans and borrowing (132) (9
Slide 26: Investors Contact
Investors Contact: Karim Tonelli Investor Relations & Performance Management Director karim.tonelli@Aquafil.com Mob: +39 348 60 22 950 26