Aquafil Spa · MIL:ECNL
Aquafil Spa — STAR Conference Fall Edition 2021
68 slides from Aquafil Spa's conference presentation, Oct 13, 2021
Slide 1: Aquafil Group STAR Conference Fall Edition 2021
Aquafil Group STAR CONFERENCE Fall Edition 2021 Milan, 12th and 13th October 2021
Slide 2: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 3: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 4: Aquafil at glance
Aquafil at glance • A global Group with proximity to clients ‒ 19 plants in 3 continents and 8 countries ‒ in 2020, above 2.600 employees, € 437m of revenues and € 58m of EBITDA • Market leader in nylon for fiber for carpet flooring (BCF products), fabrics (NTF products) and polymers for EP and mold
Slide 5: Aquafil at glance – A global Group with proximity to clients
Aquafil at glance – A global Group with proximity to clients USA EUROPE ASIA PACIFIC Cartersville – Georgia ITALY CHINA Aquafil USA 1 & 2 Arco, Cares and Rovereto Jiaxing Aquafil Headquarter Aquafil Jiaxing Phoenix - Arizona Tessilquattro Aquafil Carpet Recycling ACR#1 JAPAN Aquafil Carpet Collectio
Slide 6: Aquafil at glance – Product lines
Aquafil at glance – Product lines KEY APPLICATIONS % on 1H22 REVENUES Fiber for carpet flooring 64,6% BCF Product Fiber for fabric 21,3% NTF Product Industrial Molding Polymers EP Product 14,1% 6
Slide 7: Aquafil at glance – Business model
Aquafil at glance – Business model Raw Final Production Distribution Clients Material application BCF Flooring Solutions Selected Manufacturers Application Users Production and finishing of premium synthetic yarns, Contract principally Nylon 6, for Direct sale / Standard Caprolactam flooring solutio
Slide 8: Aquafil at glance – 50 years of growth – Key milestones
Aquafil at glance – 50 years of growth – Key milestones 1965 1988 1995 1999 2007 2010 Aquafil foundation Establishment of Acquisition of Establishment of Establishment of Establishment of Aquafil Engineering AquafilSLO Aquafil USA Aquafil Asia Pacific Aquafil China in Germany in Thailand 2011 2017 2
Slide 9: Fortune's 2019 Change the World List: Companies to Watch
Aquafil at glance – A Company to change the world MAGAZINE CHANGE THE WORLD Fortune’s 2019 Change the World List: Companies to Watch By Matthew Heimer and Erika Fry 19 August 2019 “Burberry and Prada both recently launched collections featuring ECONYL®, a recycled nylon that this Italian yarn manufa
Slide 10: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 11: Sustainability path – Driven by vision and business model
Sustainability path – Driven by vision and business model • Journey to circularity started with a deep business model review to prepare Group to next decades evolution based on cultural sensitiveness to environmental topics and Group R&D and technological strengths • Aquafil correctly identified fut
Slide 12: Sustainability path – Driven by vision and business model
Sustainability path – Driven by vision and business model 12
Slide 13: Sustainability path – A journey started in 1990
Sustainability path – A journey started in 1990 1990 1998 2007 2008 2011 2013 «Lactamic waters» Waste recovery The Eco Pledge® «Energy & ECONYL® «The Healthy Seas – A recovery from for techno polymers foundation Recycling» team: Regeneration System: journey from Waste to polymerization production de
Slide 14: Sustainability path – A journey started in 1990
Sustainability path – A journey started in 1990 • The milestones 2007 2011 2019-20 14
Slide 15: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 16: The ECO PLEDGE®
The ECO PLEDGE® RETHINKING PRODUCTS IN A CIRCULAR PERSPECTIVE SUPPORT LOCAL Innovating products to make them more COMMUNITIES and more circular, giving new life to waste materials, in an infinite cycle. Grow in harmony with local communities, promoting a prosperous and respectful development of thei
Slide 17: The ECO PLEDGE®
The ECO PLEDGE® SUSTAINABILITY PILLARS IMPROVEMENT AREAS TOPICS • Creation of new sustainable value chains • Creation of a new recycled products/ RE THINKING PRODUCTS IN A materials (PP, copper) CIRCULAR PERSPECTIVE • Research other sustainable value chains • Bio bases nylon • Investment in energy f
Slide 18: The ECO PLEDGE® – SDGs and GRI alignment
The ECO PLEDGE® – SDGs and GRI alignment SUSTAINABILITY PILLARS SUPPORTED SDGS SUPPORTED GRI RE THINKING PRODUCTS IN A Until now no GRI related CIRCULAR PERSPECTIVE to new material development PROTECTING THE ENVIRONMENT 302-1:2016 | 303-3:2018 303-4:2016 | 307-1:2016 ATTENTION TO THE WELL-BEING OF T
Slide 19: The ECO PLEDGE® – Re-thinking products
The ECO PLEDGE® – Re-thinking products • Eco-Design aim is to create products which “will come back” because are conceived and built to become future resources and not wastes • Collaboration on the entire value chain is the crucial successful driver TARKETT NAPAPIJRI CORAL EYEWEAR Closing the loop i
Slide 20: The ECO PLEDGE® – Protecting the environment
The ECO PLEDGE® – Protecting the environment • Aquafil is committed to respect the environment in every phase of its own production process 302-1:2016 | 303-3:2018 303- 4:2018 | 305-1:2016 305-2:2016 | • Therefore, activities and to reduce impacts and recover energy 306-3:2020 are constant among yea
Slide 21: The ECO PLEDGE® – Supply chain share responsibility
The ECO PLEDGE® – Supply chain share responsibility • Aquafil establish solid relationships with its customers and suppliers, based on the commitment and desire to improve together, 307-1:2016 | 308-1:2016 413- 1:2016 | 414-1:2016 leveraging on constant comparison and collaboration • Some example of
Slide 22: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 23: ECONYL®
ECONYL® • ECONYL® regenerated nylon is 100% recycled yarn made of plastic waste such as fishing nets, industrial scraps and used carpets • 37% of Aquafil fiber turnover in 2020 23
Slide 24: ECONYL® – Steps
ECONYL® – Steps • Step 1: rescue ‒ The ECONYL® Regeneration System starts with rescuing waste, like fishing nets, fabric scraps, carpet flooring and industrial plastic from all over the world ‒ That waste is then sorted and cleaned to recover all of the nylon possible • Step 2: regenerate ‒ Through
Slide 25: ECONYL® – A consistent growth
ECONYL® – A consistent growth 10.0% ECONYL® and “OTHER FIBRES” • 2015-2019: consistent historical growth delivery GROWTH RATE (1) 7.5% – average increase was more than 2x total fibres growth – % on net sales increased from 32.5% to 37.5% 5.0% 6.4% 2.5% • 2020 decreased related to COVID impact in BCF
Slide 26: ECONYL® – A consistent growth
ECONYL® – A consistent growth • Partner sharing same “circularity” vision were attracted by ECONYL® value proposition 26
Slide 27: ECONYL® – A consistent growth – Drivers
ECONYL® – A consistent growth – Drivers • Fundamental drivers of these results were – R&D activities – Industrial capacity increase – Creation of nylon waste reverse logistic platform ‒ Innovative marketing activities 27
Slide 28: ECONYL® – A consistent growth – R&D activities
ECONYL® – A consistent growth – R&D activities • Usual R&D activities shown us new opportunities in Group production process Recovery of the lactamic water 1990 Recovery of internal PA6 discard 1998 1998 Pre-consumer discard 2007 Post-consumer discard 2011 As reported in the EPD of the ECONYL(R) pol
Slide 29: ECONYL® – A consistent growth – Industrial capacity increase
ECONYL® – A consistent growth – Industrial capacity increase • Circularity is one of the milestones of Group CAPEX process – Support development and environmental KPI targets achievements • The capability to increase ECONYL® capacity, especially in Ljubljana, allowed to consistently follow demand gr
Slide 30: ECONYL® – Nylon waste reverse logistic platform
ECONYL® – A consistent growth – Nylon waste reverse logistic platform • Group was able to built a nylon “reverse” supply chain to collect raw materials for ECONYL® to create a stable and competitive quantity of nylon waste to be supplied to the regeneration plant in Slovenia – Pre consumer waste – C
Slide 31: ECONYL® – Innovating marketing activities
ECONYL® – A consistent growth – Innovating marketing activities • Aquafil products are ingredients incorporated into final client products and therefore are not visible to end consumer • Since its launch, ECONYL® ingredient proved to be the perfect fit for a different marketing strategy: a strong in
Slide 32: ECONYL® – Innovating marketing activities
ECONYL® – A consistent growth – Innovating marketing activities • “Traditional” marketing strategies ‒ B2B strategy: building marketing towards chain next link through a narrow and single-sided customer- supplier relationship – Multilevel Ingredient strategy (“pull strategy”): product demand is crea
Slide 33: ECONYL® – Innovating marketing activities
ECONYL® – A consistent growth – Innovating marketing activities • ECONYL® branding strategies ‒ Targeted only on the final brand, this approach surpasses limitations and dangers of a too narrow and single-sided customer-supplier relationship ‒ Selling process is based on partnerships and direct comm
Slide 34: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 35: 2021 Outlook – Trading updating 1H 2021
2021 Outlook – Trading updating 1H 2021 VOLUMES QUARTERLY and SEMI-ANNUAL VARIATION VARIATION COMPARED TO 2019 VARIATION COMPARED TO 2020 25% 100% 50% 0% 0% (25)% (50)% EMEA North America Asia Pacific EMEA North America Asia Pacific 1Q2021 2Q2021 1H2021 1Q2021 2Q2021 1H2021 • EMEA: volumes up by mor
Slide 36: 2021 Outlook – 2021 Group improving expectation enhanced
2021 Outlook – 2021 Group improving expectation enhanced • The expectations of a positive development in the health crisis caused by the Covid-19 pandemic and the benefits expected from the extension of the vaccine campaign suggest that the expansionary phase of the world economy, already noticeable
Slide 37: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 38: 1H2021 enhances Group improvement commitments
1H2021 enhances Group improvement commitments REVENUES EBITDA NET PROFIT NFP 2020 2021 ∆% 2020 2021 ∆% 2020 2021 ∆% 31.12.2020 30.06.2021 ∆% 1HALF 222.7 274.7 23.3% 1HALF 26.9 39.3 46.4% 1HALF (1.9) 8.9 n.s. 218.7 184.7 15.6% % on net s a l es 12.1% 14.3% % on net s a l es (0.9%) 3.2% 2QUARTER 82.0
Slide 39: Revenues – Components – Group volumes above 2019
Revenues – Components – Group volumes above 2019 (1) • 2Q2021: volumes up by more than 5% compared to 2Q2019 – Volume: up by more than 75% compared to 2Q2020 – Price & sales mix: still slightly negative impact but having improved thanks to progressive selling price adjustment to raw material price v
Slide 40: Revenues – Polymers almost double their weight
Revenues – Polymers almost double their weight 120% REVENUES BREAKDOWN by PRODUCT LINE (1) 120% 100% 8.0% 7.6% 100% 17.3% 8.0% 7.5% 14.1% 80% 18.5% 20.4% 80% 18.6% 22.4% 20.1% 21.3% 6.9% 7.3% 7.7% 60% 60% 21.4% 22.1% 40% 73.5% 72.0% 40% 62.6% 73.4% 70.0% 64.6% 20% 20% 73% 0% 71.7% 0% 2Q2019 2Q2020 2
Slide 41: Revenues – ECONYL® – Going back to normality
Revenues – ECONYL® – Going back to normality • 2Q-1H2021: going back to normality after the pandemic impact on ECONYL® demand in 2020 ‒ between 1Q and 2Q2020 especially BCF “contract” clients-built warehouse stocks to face possible production block due to lockdown measures, having postponed demand d
Slide 42: P&L – Volume recovery and ongoing efficiency
P&L – Volume recovery and ongoing efficiency 2QUARTER 1HALF 2020 2021 ∆% 2020 2021 ∆% REVENUES 82.0 144.1 75.6% 222.7 274.7 23.3% EBITDA 8.7 21.0 142.7% 26.9 39.3 46.4% % on net sales 10.6% 14.6% 12.1% 14.3% EBIT (5.3) 8.0 n.s. (0.1) 14.1 n.s. % on net sales n.s . 5.5% 0.0% 5.1% EBT (7.2) 6.3 n.s. (
Slide 43: NFP – NPF/EBITDA LTM at 2.6x
NFP – NPF/EBITDA LTM at 2.6x • NFP improved by 15.6% compared to December 2020 – Results of action taken in 2019 and strengthened in the COVID action plan – NPF/EBITDA LTM at 2.6x – The gradual lifting of emergency measures suggested to make early payments of some medium-to-long-term bank loans: liq
Slide 44: NFP – Strong focus on NWC and CAPEX
NFP – Strong focus on NWC and CAPEX • CAPEX equal to € 13.9m, almost in line with 1H2020 100 CAPEX EVOLUTION (1) – In accordance Group CAPEX guidelines, 75 11.2% capacity and technological improvements 10.1% 50 6.1% • A consistent focus on NWC allowed cash generation 25 62 55 5.2% despite impact of
Slide 45: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 46: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 47: Disclaimer
Disclaimer This presentation and any material distributed in connection herewith (together, the “Presentation”) prepared by Aquafil S.p.A. (“Aquafil” or “Company”) do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of any offer t
Slide 48: Definitions
Definitions “First choice revenues” are revenues generated by the sale of fibers and polymers, gross of any adjustments «FIRST CHOICE (for example, discounts and allowances), but excluding revenues generated by “non-first choice products”, REVENUES» revenues generated by Aquafil Engineering GmbH and
Slide 49: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 50: Projects updating – O'Mara acquisition
Projects updating – O’Mara acquisition • Group acquired O’Mara in June 2019 to enter O’MARA RESULTS EVOLUTION (1-2) 50 North American NTF market – Focus on interiors (furniture and mattresses application) and sportswear supply chain 25 • In the first full year inside the Group, Company 0 2018 2019 2
Slide 51: Projects updating – Bio based nylon project
Projects updating – Bio based nylon project • A pillar of Group “The ECO PLEDGE®” and one of the most relevant initiatives in which the Group takes part – 2 complementary and synergic paths: Genomatica and project EFFECTIVE • Genomatica – Joint technological development to produce the first ever bio
Slide 52: Projects updating – Bio based nylon project
Projects updating – Bio based nylon project • Project EFFECTIVE – Extending Aquafil-Genomatica initiative to the whole supply chain by validating bio-based polyamides and bio-based polyesters from renewable raw materials into large-consumer products o Polymers’ versatility allows application in a wi
Slide 53: Projects updating – ACR#1 and ACR#2
Projects updating – ACR#1 and ACR#2 2017-2019 2020 2021 Plants and organisations Pandemic surge impacted demand ACR#1 and #2 defined and created to have but not improvement efforts activities will be expanded, an ECONYL® supply source whose benefits became more becoming operating units in North Amer
Slide 54: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 55: Sector Data – Caprolactam price evolution
Sector Data – Caprolactam price evolution 2018-2021 CPL QUARTERLY PRICE EVOLUTION (1-2) 3,000 CPL 4Q2020 vs. 4Q2019: -14% 2,500 CPL 1Q2021 vs. 1Q2020: +6% 2,000 1,500 1,000 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q22 (1) Source: Tecnon Orbichem, n° 495, July 2021– CPL
Slide 56: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 57: Consolidate Income Statements
Consolidate Income Statements CONSOLIDATED INCOME STATEMENT of wich non- of wich non- of wich non- of wich non- 1H2021 1H2020 2Q2021 2Q2020 €/000 current current current current Revenue 274,700 222,733 144,060 82,019 166 of which related parties 27 27 14 - - Other Revenue 2,685 443 3,371 226 1,859 4
Slide 58: Consolidate Income Statements – Revenues details
Consolidate Income Statements – Revenues details 2QUARTER BCF NTF POLYMERS TOTAL 2020 2021 ∆ ∆% 2020 2021 ∆ ∆% 2020 2021 ∆ ∆% 2020 2021 ∆ ∆% EMEA 30 47.2 17.2 57.3% 12.4 20.3 7.8 63.1% 5.1 22.6 17.6 346.2% 47.5 90.1 42.6 89.6% North America 17.1 21.7 4.6 27.1% 3.5 6.6 3.1 89.6% 1.2 2.1 0.9 78.5% 21.
Slide 59: Consolidate Income Statements – EBITDA details
Consolidate Income Statements – EBITDA details RECONCILIATION FROM NET PROFIT TO EBITDA 1H2021 1H2020 2Q2021 2Q2020 €/000 Net Profit (Including Portion Attr. to Minority ) 8,911 (1,935) 5,417 (6,012) Income Taxes 2,078 371 863 (1,201) Amortisation & Depreciation 23,312 21,754 11,984 10,921 Write-dow
Slide 60: Consolidate Balance Sheet
Consolidate Balance Sheet CONSOLIDATED BALANCE SHEET At June 30 2021 At December 31 2020 €/000 Intangible Assets 23,329 23,578 Goodwill 14,043 13,600 Tangible Assets 226,548 229,495 Financial Assets 648 650 of which related parties 313 313 Other Assets 1,636 1,336 Deferred Tax Assets 11,818 14,563 T
Slide 61: Consolidate Balance Sheet – Gross debt details
Consolidate Balance Sheet – Gross debt details AMOUT COVENANTS ( 2 ) BORROWINGS - 30 June 2021 ISSUE DATE CURRENCY COUPON ( 1 ) MATURITY Total Drawn Undrawn Parameters Reference Check Private Placement B Sept 2018 EUR 4.70% Sept 2028 50 50 0 EBITDA / Net financial charges > 3.5 Net Debt / EBITDA < 4
Slide 62: Net Financial Position
Net Financial Position 400 NET FINANCIAL DEBT €/000 At June 30 2021 At December 31 2020 NFP EVOLUTION A. Liquidity 165,854 208,954 300 B. Cash and cash equivalents 0 0 C. Other current financial assets 8,359 834 D. Liquidity (A + B + C) 174,213 209,787 E. Current financial debt 200 (including debt i
Slide 63: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement CASH FLOW STATEMENT At June 30 2021 At June 30 2020 €/000 Operation Activities Net Profit (Including Portion Attr. to Minority ) 8,911 (1,935) of which related parties (299) (342) Income Taxes 2,078 371 Financial income (491) (197) Financial charges 3,822 4,241 of wh
Slide 64: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 50 4.3. SECTOR DATA 55 4.4. 1Q2021 DETAILS 57 5. CO
Slide 65: Ownership Structure & Governance – Ownership Structure
Ownership Structure & Governance – Ownership Structure • A capital structure with 3 type of Shares ‒ Ordinary Share ‒ Share B: dedicated to Giulio Bonazzi family with the same economic right of ordinary share but with 3 voting right for any share ‒ Share C: no transferable, no economic and voting ri
Slide 66: Ownership Structure & Governance – Ownership Structure
Ownership Structure & Governance – Ownership Structure • Main Aquafil’s shareholders is Aquafin Holding S.p.A., holding of Giulio Bonazzi Family ‒ Managers are involved too 66
Slide 67: Ownership Structure & Governance – Governance
Ownership Structure & Governance – Governance BOARD OF DIRECTORS Giulio Bonazzi Chairman and CEO Stefano Loro Adriano Vivaldi Executive Director Executive Director Silvana Bonazzi Franco Rossi Director Director Margherita Zambon Ilaria Maria Dalla Riva Independent Director(1) (6) Independent Directo
Slide 68: Investors Contact
Investors Contact: Karim Tonelli Investor Relations & Performance Management Director karim.tonelli@aquafil.com Mob: +39 348 60 22 950 68