Envipco Holding N.v. · EURONEXT:ENVI
Envipco — Investor Presentation (January 2025)
26 slides from Envipco's investor presentation, January 2025
Slide 1: A Recycling Technology Leader Creating a Cleaner World for Future Generations
A Recycling Technology Leader Creating a Cleaner World for Future Generations Company presentation | January 2025
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION may contain forward looking statements. These statements are based on current expectations, estimates and projections of Envipco’s management and information currently available to the company. Envipco cautions that such statements contain elements of risk and uncertaint
Slide 3: A global recycling technology company set for growth
A global recycling technology company set for growth ● Engaging a vast global market opportunity, mainly driven by EUR 116.9 million deposit legislation rolled out across all EU countries LTM Q3 24 revenues ● Captured leading position in European growth markets, 3.0x building on ~40% market share in
Slide 4: Vast market opportunity
Vast market opportunity Market potential Market potential (k units) EU Packaging and Packaging Interoperable national UK DRS** (k units) Waste Regulation (PPWR)* Deposit Management Organization 90% 1 (DMO) appointed Collection rate for plastic bottles and By Spring 2025 200 cans using DRS by 1 Janua
Slide 5: Delivering on European growth strategy
Delivering on European growth strategy Revenue development EUR million, unaudited 116.9 87.6 83.5 56.4 55.5 18.1 36.3 38.4 35.4 3.1 3.6 30.8 7.2 4.1 38.2 33.4 32.3 32.7 31.2 32.1 26.7 2018 2019 2020 2021 2022 2023 LTM Q3 24 Increased awareness and legislative initiatives largely DRS second wave (EU)
Slide 6: Markets prioritized from DRS second wave
Markets prioritized from DRS second wave Anticipated next wave of DRS legislation in European markets Legislative considerations and plannin g Preparations Implementation and execution Publicly anno unced launch Expected launch EU legislation1 Note: 1. Key milestones taken from the Regulation o f th
Slide 7: Why we continue to win with our customers
Why we continue to win with our customers Broad and proven Proven track Ample production Consultative product portfolio record with world capacity approach addressing all leading retailers in USA, Germany addressing customer segments showing our quality and Romania with customers' unique and commitm
Slide 8: Leading product portfolio to capture market position
Leading product portfolio to capture market position Addressing needs from the convenience store to supermarkets and recycling centers Compact Flex Optima Ultra Modula Quantum Mini Small Medium Medium Large X-Large 8
Slide 9: Advancing Envipco's positioning into the C-store segment
Advancing Envipco’s positioning into the C-store segment Envipco Compact will be instrumental in building a strong market position Envipco closed Sensibin acquisition in Q3 24 ● Broadens Envipco's portfolio and adds innovative technology ● Advances our position in the large and rapidly growing conve
Slide 10: Ample production capacity
Ample production capacity Invested in production capacity to support expected growth Naugatuck (CT), USA ● Distributed manufacturing in North America and Europe, reducing time of delivery and shipping cost ● Scale to increase utilization and reduce production cost over time ● Ability to serve Tier 1
Slide 11: Our consultative approach
Our consultative approach Preferred partner through the lifecycle - from development and manufacturing to operations ● Deep market understanding based on long- standing leadership in US markets with diverse recycling laws, and strong presence in EU market with focus on sustainability ● Strong adviso
Slide 12: Financial highlights
Financial highlights LTM Profit & Loss 2021 2022 2023 Financial position 2021 2022 2023 Q3 24 Q3 24 (EURm) (EURm) N.America/RoW 31.2 38.2 32.1 33.4 Fixed assets 19.8 25.7 29.8 37.0 Europe 7.2 18.1 55.5 83.5 Current assets 28.9 36.7 56.1 59.6 Revenues 38.4 56.4 87.6 116.9 Cash 3.4 165.5 12.5 28.7 Gro
Slide 13: Executing on growth in existing markets
Executing on growth in existing markets (EURm) Q3 24 Q3 23 YTD 24 YTD 23 Q3 24 Revenues 27.4 25.3 81.5 52.2 ● Group revenues EUR 27.4m (+9% y/y) - Europe 18.3 16.9 55.5 27.6 ● Gross margin 36.6%, up from 34.9% in Q3 23 - North America & RoW 9.1 8.4 25.9 24.6 ○ Gross earnings EUR 10.0m, +14% y/y ● Op
Slide 14: Regional and segment revenues
Regional and segment revenues Europe North America Quarterly revenues Quarterly revenues (EUR million, unaudited) (EUR million, unaudited) 28.0 9.3 9.1 8.4 7.5 7.6 1.5 0.9 19.9 0.8 16.9 17.3 18.3 0.4 0.5 27.4 7.6 8.2 7.0 7.1 7.7 19.2 16.4 16.9 16.6 0.3 0.5 0.7 0.9 1.4 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q
Slide 15: Envipco share overview
Envipco share overview Share description Share price development (OSE, NOK) ● Listed on Euronext Amsterdam: Ticker ENVI 80 ● Listed on Euronext Oslo Børs: Ticker ENVIP 75 ● Market capitalization: NOK 3.7b / EUR 314m1 ● # of shares outstanding: 57,690,377 70 65 Top 10 Shareholders per 31 December 202
Slide 16: Our journey ahead
Our journey ahead Ambitions Continue to deliver on our growth strategy Market share in new markets Legislation momentum continues to drive markets 2030+ +30% ● ● Envipco will continue to invest to secure market share Promising revenue outlook for 2025 and beyond Revenue growth 2021 - ‘ ● Preparing t
Slide 17: Appendix
f @envipeq.
Slide 18: Quantum: The bulk feed champion
Quantum The bulk feed champion
Slide 19: Modula: Adaptable high-speed backroom solution
Modula Adaptable high-speed backroom solution
Slide 20: Optima & Flex
PLASTIC Optima & Flex @envipco
Slide 21: Profit & Loss
Profit & Loss* in EUR thousands Q3 24 Q3 23 YTD 24 YTD 23 FY 2023 Revenues 27,445 25,274 81,450 52,159 87,610 Cost o f revenue (17,413) (16,444) (52,339) (34,122) (57,342) Gros s Profit 10,032 8,830 29,111 18,037 30,268 Selling and distribution expenses (1,074) (532) (3,206) (1,791) (2,763) General
Slide 22: Balance Sheet
Balance Sheet* in EUR thousands Note 30.09.24 30.06.24 31.03.24** 31.12.23 30.09.23 in EUR thousands Note 30.09.24 30.06.24 31.03.24** 31.12.23 30.09.23 Ass ets Equity Non-current assets Share capital 2,885 2,885 2,885 2,585 2,585 Intangible assets 15,102 8,954 9,222 9,170 9,380 Share premium 89,371
Slide 23: Cash Flow Statement
Cash Flow Statement* in EUR thousands YTD 24 YTD 23 Q3 24 Q2 24 Q1 24** Cashflow from operating activities Operating results 1,785 (1,509) 61 642 1,082 Adjustment for: Depreciation & Amortizatio n 5,548 4,388 1,684 1,919 1,945 Deferred revenue (3,669) - 168 (1,246) (2,591) Changes in: Changes in tra
Slide 24: Profit & Loss
Profit & Loss* in EUR thousands Q3 24 Q2 24 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 Revenues 27,445 26,569 27,436 35,423 25,274 16,477 10,408 Cost o f revenue (17,413) (17,112) (17,831) (22,842) (16,444) (10,797) (6,882) Gros s Profit 10,032 9,457 9,606 12,580 8,830 5,680 3,526 Selling and distribution expens
Slide 25: Balance Sheet
Balance Sheet* in EUR thousands Note 30.09.24 30.06.24 31.03.24** 31.12.23 30.09.23 30.06.23 31.03.23** in EUR thousands Note 30.09.24 30.06.24 31.03.24** 31.12.23 30.09.23 30.06.23 31.03.23** Ass ets Equity Non-current assets Share capital 2,885 2,885 2,885 2,585 2,585 2,585 2,303 Intangible assets
Slide 26: Making recycling easier.
© envipco Making recycling easier.
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