Seche Environnement Sa · EURONEXT:SCHP
Seche Environnement Sa — Q1 2020 Earnings Presentation
17 slides from Seche Environnement Sa's earnings presentation, Apr 20, 2020
Slide 1: Consolidated Revenue as of March 31, 2020
CONSOLIDATED REVENUE AS OF MARCH 31, 2020
Slide 2: First-quarter activity: highlights of the period
First-quarter activity Highlights of the period Solid organic growth in Q1 2020: Contributed revenue +10.1% Scope effect: €13.6m mainly due to Mecomer (not consolidated as of March 31,2019) High-quality organic growth: Revenue up +2.5% Second half of March: Initial effects of Covid- 19 crisis in Fra
Slide 3: Sharp growth in contributed revenue: +10%
Sharp growth in contributed revenue: +10% High-quality organic growth Non-contributed revenue: €0.1m 172.9 (vs. €7.2m at 3/31/2019) 164.1 0.1 7.2 Contributed revenue: €172.8m (vs. €156.9m at 3/31/2019) +10.1% (reported data) +2.5% (like-for-like*) HW Division: Revenue of €113.5m 172.8 +12.8% (report
Slide 4: France: solid industrial market; International: spot market decline
France: Solid industrial market environment International: Spot market decline International: Revenue of €45.7m Change in contributed revenue i.e. +30.4% (reported data) per geographic scope in €m -3.9% (like-for-like*) Scope effect: €13.6m Scope effect Mecomer: Revenue up +26% (o/w +13% volume effe
Slide 5: Balanced growth across divisions in France and internationally
Balanced growth across divisions in France and internationally NHW division: Contributed revenue of €59.3m (vs. €56.3m at 3/31/2019) i.e. +5.4% (reported data) 172.8 +6.3% (like-for-like*) 156.9 On a like-for-like basis: Treatment: +3.0% to €34.0m - Positive price effects amid authorization saturati
Slide 6: To sum up: High-quality growth in the core business
To sum up: High-quality growth in the core business Consolidated revenue as of March 31, 2020 6
Slide 7: A robust first quarter, reinforcing expectations for 2020
A robust first quarter, reinforcing expectations for 2020 (if short term crisis) Change in contributed revenue per quarter Change in HW revenue per quarter (reported data) (reported data) In €m +12.8% In €m +10.1% 125,9 2019 100,6113,5 113,2 110,8 2020 Q1 Q2 Q3 Q4 2019 189,5 Change in NHW revenue pe
Slide 8: Impact of Covid-19 crisis: business continuity plan
Impact of Covid-19 crisis Business continuity plan Strategic waste activities Limited impact on business and profitability • Control of the health and environmental risk • Core customer base is strategic industries, Business continuity in France and Cash prioritized including energy, raw materials,
Slide 9: Limited impact scenario: 2020 targets confirmed
Limited impact scenario: 2020 targets confirmed Confidence in the roadmap through to 2022 • Activity: • Activity: • France: maintain quality growth on our main markets • Contributed revenue (2019 scope) between €750m and €800m • International: continued strong growth on expanding • About 30% generat
Slide 10: Appendices
Research Laboratory, Interwaste, South Africa APPENDICES Consolidated revenue as of March 31, 2020 10
Slide 11: Definition of contributed revenue
Appendix 1 Definition of contributed revenue In €m - at December 31 2019 2020 Revenue (reported) 164.1 172.9 IFRIC 12 revenue - 0.1 Compensation 7.2 - Contributed revenue 156.9 172.8 IFRIC 12 revenue: investments in disposed assets and booked as revenue in accordance with IFRIC 12 Compensation: dama
Slide 12: Momentum in Services
Appendix 2 Momentum in Services Breakdown of contributed revenue by activity Change in Services revenue by division (consolidated data) (consolidated data) Like-for-like Like-for-like change change 61,3 +19.0% 18,6 53,6 15,2 +25.5% 13,5 -1.9% 75,6 73,8 42,7 38,4 +16.4% 0,1 27,7 24,1 -12.4% 3/31/2019
Slide 13: Strategic businesses offering high value-added
Appendix 3 Strategic businesses offering high value-added Breakdown of contributed revenue by activity at 12/31/2019 Recovery 15% (vs. 18% in 2018) 6% 12% 9% NHW recovery and treatment Incineration and NHW platforms 1% 6% Incineration and HW platforms 4% HW storage Other HW treatment All-inclusive o
Slide 14: Market/customer mix resilient by nature
Appendix 4 Market/customer mix resilient by nature Breakdown of contributed revenue at 12/31/2019 Breakdown of contributed revenue at 12/31/2019 by sector of activity by division and by client type NHW revenue: 35% Other Industries: 54% (vs. Environmental services: 28% (vs. (vs. 38% in 2018) 53% in
Slide 15: Good liquidity position to face the crisis
Appendix 5 Good liquidity position to face the crisis Bond refinancing in May 2019 Good €80m in two tranches Loan amounts due liquidity position €60m with a 7-year maturity (2026) at 2.90% €20m with an 8-year maturity (2027) at 3.05% In €m 287,3 Debt maturity at 5.5 years as of December 31, 2019 (vs
Slide 16: Covid-19: certain investments on hold
Appendix 6 Covid-19: Certain investments on hold France: continued development investments at standard levels International: creation of new waste processing capacities Interwaste (South Africa): Roll-out of Eden project in Mossel Bay Suspended Expected CAPEX: €10m in 2020 Mecomer (Italy): Doubling
Slide 17: Disclaimer
DISCLAIMER THIS DOCUMENT MAY CONTAIN INFORMATION OF A PROVISIONAL NATURE. THIS INFORMATION REPRESENTS EITHER TRENDS OR TARGETS AT THE DATE OF THIS DOCUMENT’S CREATION AND MAY NOT BE CONSIDERED AS RESULTS FORECASTS OR AS ANY OTHER TYPE OF PERFORMANCE INDICATORS. THIS INFORMATION IS BY NATURE SUBJECT