Recupero Etico Sostenibile S.p.a · MIL:RES
Recupero Etico Sostenibile — Investor Presentation (June 2025)
16 slides from Recupero Etico Sostenibile's investor presentation, June 2025
Slide 1: Investor Presentation
Investor Presentation June 2025
Slide 2: RES: An End-to-end Circular Economy Player
RES: An End-to-end Circular Economy Player 1 RES Today Circular Economy in Every Business Unit Plastic products Plastic products Pyrolytic oil Plastic recycling Plastic bin Leading provider of integrated waste recycling bin Plastic granulates management and environmental services Chemical Mechanical
Slide 3: Fully Vertically Integrated Structure Spanning the Entire Value Chain
Fully Vertically Integrated Structure Spanning the Entire Value Chain 2 SELECTION/ RECOVERY OF MATERIALS NEW RECYCLED RAW COLLECTION TREATMENT AND ENERGY PRODUCTION MATERIAL PRODUCTION 225k tons waste Secondary recycled Consortia Third-party raw materials (rPET, rHDPE, rPP) (distributors/ Pre/sorted
Slide 4: Strategic Geographic Position Powered by State-of-the-art Plants
Strategic Geographic Position Powered by State-of-the-art Plants 3 Pozzilli Within 40km and near to the SELECTION PLANT FOR SSF PRODUCTION R&D CENTRE main third-party facilities ❑ Sorted waste ❑ Non-hazardous special waste Tufo Colonoco COMPOSTING AND TMB1 PLANT LANDFILL Tufo BIOSTABILISATION PLANT
Slide 5: From Landfill to a Fully Integrated Industrial Player in Circular Economy
From Landfill to a Fully Integrated Industrial Player in Circular Economy 4 1989-2008 2008-2024 2024 Landfill Mechanical recycling & Organic Recycling Chemical Recycling 2024 Listing on EGM 2023 INNOVATIVE HUB FOR PLASTIC RECOVERY… First year of operations at the selection plant 2019 First year of o
Slide 6: Key Achievements since IPO
Key Achievements since IPO 5 ~€41m CapEx plan We have delivered ~€11m IPO proceeds what we promised in IPO … Innovative hub for plastic recovery ✓ Chemical recycling plant through pyrolysis ~€10m Non-refundable public grant (NRRP funds) ✓ Mechanical recycling plant ✓ Advanced selection plant ~€20m D
Slide 7: Focus on Pyrolysis – Unlocking Wide White Space for Growth
Focus on Pyrolysis – Unlocking Wide White Space for Growth 6 Riding the high growth outlook driven by supportive EU …to become the first waste management entering the chemistry regulations… industry EU new Packaging and Packaging Waste Regulation Chemical recycling plant (pyrolysis) ❑ Target to reac
Slide 8: RES at the Forefront of Innovation
RES at the Forefront of Innovation 7 1 2 3 Expansion of polymer (biopolymer) Recovery of car components Chemical recycling of polyurethane production EU regulation EU challenge Polylactic Acid (PLA) 30% recycled material in vehicles, 30m mattresses are replaced every Biopolymer derived from the poly
Slide 9: The Next Chapter of Our Expansion
The Next Chapter of Our Expansion 8 International €32m Vertical Chemical markets integration recycling of expansion Landfill mining & through the polyester innovative acquisition of non-invasive packaging landfill inspection manufacturers Today1 Source: Company information Note: 1) 2024A Total Reven
Slide 10: Strong Top Line Growth Paired with Outstanding Margin Expansion
Strong Top Line Growth Paired with Outstanding Margin Expansion 9 Total Revenues (€m) EBITDA (€m, %) EBITDA margin 16.0% 21.5% 32.4% Adj EBITDA 31.7 margin 18.5% 22.5% 35.2% 20.7 11.2 17.9 10.3 +53.5% +15.4% 4.4 4.6 2.9 3.3 2022A 2023A 2024A 2022A 2023A 2024A EBITDA Adj EBITDA EBIT (€m, %) Net Incom
Slide 11: NWC Fully Under Control Backed by a Sound Balance Sheet
NWC Fully Under Control Backed by a Sound Balance Sheet 10 Fixed Assets (€m) Net CapEx (€m) ~90% of CapEx are expansionary, mainly 39.6 related to the expansion of Pettoranello plant 0.1 30.2 0.4 13.8 1.1 11.7 17.9 34.6 0.7 0.3 25.3 13.7 12.7 11.0 3.9 4.6 4.9 2022A 2023A 2024A 2023A 2024A Intangible
Slide 12: Appendix
Appendix
Slide 13: Governance
Governance 12 Board of Directors Board of Statutory Auditors Giovanni Petrollini President Maria Valerio President Antonio Valerio Enrico Testa CEO Independent Director Paolo Milano Anthonj Tamburri Standing Auditor Standing Auditor Antonio Valerio Piero Angelone Director Independent Director Meri P
Slide 14: Income Statement
Income Statement 13 Income Statement 2022A 2023A 2024A Revenues 17.2 19.2 27.9 Changes in work in progress, semi-finished and finished products 0.0 0.3 1.7 Other revenues 0.7 1.2 2.1 Total Revenues 17.9 20.7 31.7 Cost of raw materials (1.3) (1.0) (1.5) Change in inventory of raw and consumable mater
Slide 15: Balance Sheet
Balance Sheet 14 Balance Sheet 2022A 2023A 2024A Intangible assets 3.9 4.6 4.9 Tangible assets 13.7 25.3 34.6 Financial assets 0.3 0.4 0.1 Fixed Assets 17.9 30.2 39.6 Inventories 0.4 0.7 2.5 Trade receivables 5.1 6.0 6.3 Trade payables (4.9) (8.1) (7.6) Trade Working Capital 0.6 (1.4) 1.2 TWC on Tot
Slide 16: Disclaimer
Disclaimer 15 This document (the "Document") has been prepared on the basis of publicly available information (the "Information") concerning Recupero Etico Sostenibile S.p.A., a company whose shares are traded on the Euronext Growth Milan multilateral trading facility organized and managed by Borsa
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