Aquafil Spa · MIL:ECNL
Aquafil Spa — H1 2018 Earnings Presentation
27 slides from Aquafil Spa's earnings presentation, Aug 29, 2018
Slide 1: Aquafil Group Financial Results II Quarter and I Half Year 2018
H1 and Q2 – Financial Results Aquafil Group Financial Results II Quarter and I Half Year 2018 29th August 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: Aquafil MX synthetic fibres and polymers
AQUAFIL MX synthetic fibres and polymers
Slide 4: Index
Index 1. Aquafil Group at Glance 4 2. Highlights Second Quarter and First Half 2018 10 3. Key Performance Indicators 14 3a. Focus on Sales 17 4. Second Quarter and First Half 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: value chain
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: history
Aquafil Group at Glance Acquisition of Invista BCF Business in Listing in Italian Asia Pacific Stock Doubling of Exchange Production Capacity in Acquisition of China Xentrys from Domo Chemicals The ECONYL® plant in Slovenia Establishment begins ….. producing of Aquafil Asia ….. Pacific in ….. Thaila
Slide 9: Aquafil Group at Glance: locations
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. Highlights Second Quarter and First Half 2018
Highlights First Quarter 2018 2. Highlights Second Quarter and First Half 2018 10
Slide 11: Highlights H1 and Q2 - 2018
Highlights H1 and Q2 - 2018 TURNOVER EBITDA NET RESULT N.F.P. (€/mil) (€/mil) (€/mil) (€/mil) H1 Q2 H1 Q2 H1 Q2 Act18 291,3 150,5 Act18 44,5 22,2 Act18 19,6 9,8 H1 - 18 146,9 Act17 278,8 137,3 Act17 40,4 19,6 Act17 13,4 5,2 Dic17 112,1 % Var % Var % Var 18 to 17 4,5% 9,6% 18 to 17 10,3% 13,3% 18 to
Slide 12: Highlights H1 and Q2 - 2018
Highlights H1 and Q2 - 2018 As announced in the first quarter presentation, revenues contribution of Invista acquired assets starting in may 2018 with an increase of turnover related with Asia and Oceania, between Q2 2018 vs Q2 2017 of 11,8 €/mil mainly related to the mentioned acquisition: Revenues
Slide 13: Highlights H1 and Q2 - 2018
Highlights H1 and Q2 - 2018 The 24th April Aquafil signed a Grant Agreement with Bio-Based Industries Joint Undertaking (BBI JU), a public/private partnership between the European Union and the Bio-based Industries Consortium (BIC) for EFFECTIVE project that has target of develop economically viable
Slide 14: 3. Key Performance Indicators
Key Performance Indicators 3. Key Performance Indicators 14
Slide 15: Q2 - Key Performance Indicators
Q2 - Key Performance Indicators The Key Performance Indicators of Aquafil Group related with Q2 2018 compared with Q2 2017 are here reported: KPI Q2 Q2 Act 18 vs a) Revenues grew by 9,6%, amounting to €150.5 million compared to 2018 - Act 2017 - Act Act 17 €137.3 million for Q2 2017, mainly as a res
Slide 16: H1 - Key Performance Indicators
H1 - Key Performance Indicators The Key Performance Indicators of Aquafil Group related with H1 2018 compared with H1 2017 are here reported: KPI H1 H1 Act 18 vs a) Revenues grew 4.5%, amounting to €291.3 million compared to 2018 - Act 2017 - Act Act 17 €278,8 million for H1 2017, of which a 3% as a
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 for the first half and second quarter of 2018 to same period of 2017. BCF Product line’s sales increase both in H1 2018 (2,8%) and Q2 2018 (1
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 for the first half and second quarter of 2018 to same period of 2017. Sales on Asia and Oceania market increase both in H1 2018 (31,6%) and Q2
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 11,3% in second quarter 2018 and of 6,3% in first half 2018 compared to same periods of 2017 and represent in the first half 2018 the 37% of fiber sales. Without considering the turnover contribu
Slide 21: The First Half and Second Quarter 2018 Financial Statement
H1 and Q2 2018 Financial Statement 6. The First Half and Second Quarter 2018 Financial Statement 21
Slide 22: EBITDA and EBIT Adjustment
EBITDA and EBIT Adjustment RECONCILIATION FROM NET PROFIT TO Half Half Second Second EBITDA €/000 Year 2018 Year 2017 Quarter 2018 Quarter 2017 Net Profit (Including Portion Attr. to Minority ) 19.614 13.421 9.764 5.236 Income Taxes 4.975 5.888 2.378 2.728 Investment income and charges - (50) - (50)
Slide 23: The Income Statement
The Income Statement CONSOLIDATED INCOME STATEMENT Half of wich Half of wich Second of wich Second of wich €/000 Year 2018 non-current Year 2017 non-current Quarter 2018 non-current Quarter 2017 non-current Revenue 291.291 278.836 12 150.484 137.268 of which related parties 188 152 47 80 Other Reven
Slide 24: The Balance Sheet
The Balance Sheet CONSOLIDATED BALANCE SHEET At June 30, At December 31, €/000 2018 2017 Intangible Assets 14.962 7.782 Tangible Assets 165.388 153.927 Financial Assets 574 408 of which related parties 79 79 Other Assets 2.189 Deferred Tax Assets 8.357 11.356 Total Non-Current Assets 191.471 173.472
Slide 25: The Cash Flow
The Cash Flow CASH FLOW STATEMENT At June 30, At June 30, €/000 2018 2017 Operation Activities Net Profit (Including Portion Attr. to Minority ) 19.614 13.421 of which related parties -1.637 -1.977 Income Taxes 4.975 5.888 Income (loss) from Investments -50 Other Financial Income -17 -180 of which r
Slide 26: Net Financial Debt
Net Financial Debt NET FINANCIAL DEBT At June 30, At December 31, €/000 2018 2018 A. Cash 92.003 99.024 B. Other cash equivalents - - C. Securities held-for-trading - - D. Liquidity ( A + B + C) 92.003 99.024 E. Current financial receivables 1.657 988 F. Current bank loans and borrowing (2.067) (72)
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