Avax S.A. · ATHEX:AVAX
Avax — FY2021 Earnings Presentation
13 slides from Avax's earnings presentation, May 4, 2022
Slide 1: Equity Analysts' briefing: AVAX Group 2021 Financial Results
Equity Analysts’ briefing in accordance with the Athens Stock Exchange Regulation (article 4.1.3.15.2) AVAX Group 2021 Financial Results 04.05.2022
Slide 2: Important Events in 2021
Important Events in 2021 ▪ Discontinuation of energy sector activity in the consolidated financial statements of 31.12.2021, as per IFRS 5, due strategic decision to focus on construction & concessions / PPPs and divestment from other activities, including 100% subsidiary Volterra ▪ International pr
Slide 3: Events in 2022
Events in 2022 ▪ The AVAX-AKTOR-ERGOTEM consortium signed a contract with the Athens Water Supply & Sewerage Company (EYDAP) for the maintenance and operation of the Psyttalia Wastewater Treatment Plant for a 5-year period ▪ The AVAX-Mytilineos Group consortium was declared preferred bidder for the
Slide 4: Financial Results, continuing operations
Financial Results, continuing operations GROUP COMPANY % of % of 2020/21 % of % of 2020/21 amounts in € ‘000 2021 2020 2021 2020 sales sales change sales sales change Turnover 592,215 462,736 28.0% 560,880 444,024 26.3% Cost of Sales (560,583) (409,486) (542,795) (405,819) Gross Profit 31,631 5.3% 5
Slide 5: Group Financial Results, continuing operations
Group Financial Results, continuing operations 5
Slide 6: Construction Segment Results
Construction Segment Results 6
Slide 7: Group Financial Results 2021
Group Financial Results 2021 Total [discontinued + % of Discontinued Continuing % of amounts in € ‘000 continuing sales Operations Operations sales operations] Turnover 782,792 190,577 592,215 Cost of Sales (756,121) (195,538) (560,583) Gross Profit 26,671 3.4% (4,960) 31,631 5.3% Other Net Income /
Slide 8: Balance Sheet, continuing operations
Balance Sheet, continuing operations GROUP COMPANY amounts in € million 31.12.2021 31.12.2020 31.12.2021 31.12.2020 Fixed Assets (incl. Long Term Restricted Cash Deposits) 487.1 598.5 643.9 689.2 Inventories 25.8 39.6 20.4 34.5 Construction Contracts 166.0 159.2 165.8 158.7 Receivables from Clients
Slide 9: Balance Sheet, continuing operations
Balance Sheet, continuing operations 9
Slide 10: Debt Analysis, continuing operations
Debt Analysis, continuing operations GROUP COMPANY amounts in € million 31.12.2021 31.12.2020 31.12.2021 31.12.2020 Bond Loans (333.4) (409.4) (330.9) (404.2) Project Financing 0.0 (48.4) 0.0 0.0 Other Long-Term Loans (1.5) (3.2) (1.4) (2.2) Long Term Debt (a) (334.9) (461.0) (332.4) (406.4) Short-T
Slide 11: Group Results by Business Sector
Group Results by Business Sector Group Total Other Discontinued amounts in € million Construction Concessions (continuing Activities Operations operations) 2021 Turnover 575.3 4.0 12.9 592.2 190.6 Gross Profit 27.6 0.9 3.2 31.6 (5.0) Pre-Tax Income from 0.8 30.6 (0.2) 31.2 0.0 Associated Companies *
Slide 12: Group Results by Geographic Region
Group Results by Geographic Region Group Total International Discontinued amounts in € million Greece (continuing Markets Operations operations) 2021 Turnover 168.4 423.8 592.2 190.6 Gross Profit (8.5) 40.2 31.6 (5.0) Pre-Tax Income from Associated 24.3 6.9 31.2 0.0 Companies * ΕΒΙΤ 1.0 21.2 22.2 (1
Slide 13: Cash Flow Statement
Cash Flow Statement GROUP COMPANY amounts in € ‘000 2021 2020 2021 2020 Pre-Tax Earnings, continuing + discontinued operations (13.554) 2.890 (24.437) 12.200 Depreciation 16.997 15.262 8.853 9.004 Other Operating Cash Flow (2.481) 927 11.261 771 Change in Working Capital 48.895 (89.001) 78.259 (81.2