Slide 1: Aquafil Group Financial Results 30th September and III Quarter 2018
Aquafil Group Financial Results 30th September and III Quarter 2018 14th November 2018 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Aquafil S.p.A. (“Aquafil” or “Company”) solely to introduce the Company and its business. Neither this presentation nor any part or copy of it may be transmitted into the United States or distributed, directly or indirectly, in the United States, Austral
Slide 3: Index
AQUAFIL JIN synthetic fibres and polymers
Slide 4: Index
Index 1. Aquafil Group at Glance 4 2. 30th September and III Quarter 2018 Highlights 10 3. Key Performance Indicators 14 3a. Focus on Sales 17 4. 30th September and III Quarter 2018 Financial Statement 19 4
Slide 5: 1. Aquafil Group at Glance
Aquafil Group at Glance 1. Aquafil Group at Glance 5
Slide 6: Aquafil Group at Glance
Aquafil Group at Glance • Market Leader in Nylon Fibers and Polymers: - Flooring solutions; - Fashion and sportswear textile applications; - Polymers for engineering plastics solutions; • Technologies, processes and continuous innovation key to a successful business model - R&D focus for a uniquely
Slide 7: Aquafil Group at Glance
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 8: Aquafil Group at Glance
Aquafil Group at Glance 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 ….. Aquafil Asia ….. Pacific in ….. Thaila
Slide 9: Aquafil Group at Glance
Aquafil Group at Glance USA ITALY SLOVENIA Cartersville (Georgia) Arco (TN) Ljubljana Aquafil USA 1 & 2 Aquafil (Headquarter) AquafilSLO Ljubljana Phoenix (Arizona) Cares (TN) Senozece Aquafil Carpet Recycling #1 Rovereto (TN) AquafilSLO Senožeče Tessilquattro Store Sacramento (California) AquafilSL
Slide 10: 2. 30th September and III Quarter 2018 Highlights
2. 30th September and III Quarter 2018 Highlights 10
Slide 11: Highlights
Highlights TURNOVER EBITDA NET RESULT N.F.P. (€/mil) (€/mil) (€/mil) (€/mil) Q3YTD Q3 Q3YTD Q3 Q3YTD Q3 Act18 430,9 139,6 Act18 60,9 16,4 Act18 24,4 4,7 Q3YTD 165 Act17 403,2 124,4 Act17 56,4 16,1 Act17 17,8 4,3 H1 - 18 146,9 % Var % Var % Var 18 to 17 6,9% 12,3% 18 to 17 7,9% 1,9% 18 to 17 37,2% 9,
Slide 12: Highlights
Highlights Revenues contribution of acquired Asia Pacific Invista Assets from May 2018 in accordance with the expectation (ca 50 $/mil/y) Revenues increase of US automotive BCF fiber carpet of ca 90% vs Q3YTD 2017 12
Slide 13: Highlights
Highlights Due to structural market increase, ainly US market and also Asia has been supported by European Operation with impact on Q3 marginality due to transport and duties costs and also higher European production costs estimated on Q3 2018 in ca 1,0 €/mil. Group considers increase of US and Asia
Slide 14: 3. Key Performance Indicators
Key Performance Indicators 3. Key Performance Indicators 14
Slide 15: Key Performance Indicators Q3 YTD
Key Performance Indicators The Key Performance Indicators of Aquafil Group at 30 September 2018 compared with same period of 2017 are here reported: KPI Q3YTD Q3YTD Act 18 vs a) Revenues grew 6.9%, amounting to €430,9 million compared to 2018 - Act 2017 - Act Act 17 €403,2 million of same period 201
Slide 16: Key Performance Indicators Q3 2018
Key Performance Indicators The Key Performance Indicators of Aquafil Group of Q3 2018 compared with same period of 2017 are here reported: KPI Q3 Q3 Act 18 vs a) Revenues grew by 12,3%, amounting to €139.6 million compared to 2018 - Act 2017 - Act Act 17 €124.4 million for Q3 2017, mainly as a resul
Slide 17: 3a. Focus on Sales
Focus on Sales 3a. Focus on Sales 17
Slide 18: Focus on Sales – Sales by Product Line
Focus on Sales – Sales by Product Line The following table compares the figures referring to the amount and percentage of sales broken down by Line of Product at 30 September and 3rd Quarter 2018 to same period of 2017. BCF Product line’s sales increase both at 30 September 2018 (8,1%) and Q3 2018 (
Slide 19: Focus on Sales – Sales by Geo Area
Focus on Sales – Sales by Geo Area The following table compares the figures referring to the amount and percentage of sales broken down by Geographical Area at 30 September and 3rd Quarter 2018 to same period of 2017. Sales on Asia and Oceania market increase both at 30 September 2018 (45,5%) and Q3
Slide 20: Focus on Sales – ECONYL Sales
Focus on Sales – ECONYL® Sales The Group’s revenues from sales of ECONYL® branded products are growth of 8,3% in third quarter 2018 and of 6,9% at 30 September 2018 compared to same periods of 2017 and represent at 30 September the 37% of fiber sales. Without considering the turnover contribution of
Slide 21: 4. 30th September and III Quarter 2018 Financial Statement
4. 30th September and III Quarter 2018 Financial Statement 21
Slide 22: EBITDA and EBIT Adjustment
EBITDA and EBIT Adjustment RECONCILIATION FROM NET PROFIT TO At September 30, At September 30, Third Third EBITDA €/000 2018 2018 Quarter 2018 Quarter 2017 Net Profit (Including Portion Attr. to Minority ) 24.355 17.755 4.741 4.334 Income Taxes 6.202 7.545 1.226 1.657 Investment income and charges -
Slide 23: The Income Statement
The Income Statement CONSOLIDATED INCOME STATEMENT September of wich September of wich Third Quarter of wich Third Quarter of wich €/000 2018 non-current 2017 non-current 2018 non-current 2017 non-current Revenue 430.932 403.233 139.641 124.397 of which related parties 204 244 16 92 Other Revenue 41
Slide 24: The Balance Sheet
The Balance Sheet CONSOLIDATED BALANCE SHEET At September 30, At December 31, €/000 2018 2017 Intangible Assets 15.478 7.782 Tangible Assets 175.134 153.927 Financial Assets 369 408 of which related parties 79 79 Other Assets 2.189 Deferred Tax Assets 7.710 11.356 Total Non-Current Assets 200.880 17
Slide 25: The Cash Flow
The Cash Flow CASH FLOW STATEMENT At September 30, At September 30, €/000 2018 2017 Operation Activities Net Profit (Including Portion Attr. to Minority ) 24.355 17.755 of which related parties -1.637 -3.095 Income Taxes 6.202 7.546 Income (loss) from Investments -50 Other Financial Income -31 -169
Slide 26: Net Financial Debt
Net Financial Debt NET FINANCIAL DEBT At September 30, At December 31, €/000 2018 2018 A. Cash 95.368 99.024 B. Other cash equivalents - - C. Securities held-for-trading - - D. Liquidity ( A + B + C) 95.368 99.024 E. Current financial receivables 1.658 988 F. Current bank loans and borrowing (51) (7
Slide 27: Aquafil Investors Contact
AQUAFIL INVESTORS CONTACT Karim Tonelli Investor Relations and Performance Management Director investor.relations@aquafil.com - mob: +39 348 6022.950 Barabino & Partners IR T: +39 02 72.02.35.35 Stefania Bassi - s.bassi@barabino.it - mob: +39 335 6282.667 Agota Dozsa - a.dozsa@barabino.it - mob: +39