Aquafil Spa · MIL:ECNL
Aquafil Spa — Q3 2019 Earnings Presentation
26 slides from Aquafil Spa's earnings presentation, Nov 14, 2019
Slide 1: Aquafil Group Financial Results 30th September and III Quarter 2019
Aquafil Group Financial Results 30th September and III Quarter 2019 14th November 2019
Slide 2: Index
A@UAFIL synthetic fibres and polymers
Slide 3: Index
Index Item Page 1. Highlights 4 2. Income Statement KPI on 30th September and of III Quarter 2019 6 3. Balance Sheet and Financial KPI on 30th September 2019 8 4. Focus on Turnover 10 5. Aquafil Group at Glance 14 6. 30th September and III Quarter 2019 Financial Statement 20 3
Slide 4: 1. Highlights
A@UAFIL synthetic fibres and polymers 1. Highlights
Slide 5: Highlights
Highlights REVENUES EBITDA NET PROFIT ADJUSTED1 N.F.P. (€/mil) (€/mil) (€/mil) (€/mil) Q3YTD Q3 Q3YTD Q3 Q3YTD Q3 Act192 419,5 132,9 Act193 54,9 15,8 Act19 16,2 3,0 Sep19 4 273,2 Act18 430,9 139,6 Act18 61,6 16,6 Act18 27,0 5,6 Jun194 263,7 % Var % Var % Var 19 to 18 -2,6% -4,8% 19 to 18 -10,8% -4,7
Slide 6: 2. Income Statement KPI on 30th September and of III Quarter 2019
2. Income Statement KPI on 30th September and of III Quarter 2019 6
Slide 7: Income Statement KPI
Income Statement KPI The Income Statement Key Performance Indicators related with Q3 YTD and Q3 2019 compared with same period of 2018 are: a) Revenues: decrease as effect of (i) reduction of all Product Lines Income Statement KPI revenues in EMEA due to market slowdown related with economic (€/mil)
Slide 8: 3. Balance Sheet and Financial KPI on 30th September 2019
3. Balance Sheet and Financial KPI on 30th September 2019 8
Slide 9: Balance Sheet and Financial KPI
Balance Sheet and Financial KPI The Balance Sheet and Financial Key Performance Indicators related with Q3 YTD and Q3 2019 compared with same period of 2018 are: : Balance Sheet and Financial KPI (€/mil) a) CAPEX of 46,7 €/mil of which 4,6 €/mil related to period increase due to IFRS16 adoption, wit
Slide 10: 4. Focus on Turnover
A@UAFIL synthetic fibres and polymers 4. Focus on Turnover 10
Slide 11: Focus on turnover: ECONYL branded products
Focus on turnover The Group’s revenues of ECONYL® branded products grow of 3,1% at Q3YTD 2019 and 0,3% in third quarter compared to same periods of 2018. The Group’s revenues of ECONYL® branded products in first half 2019 are equal to the 37,4% of total fiber revenues. 11
Slide 12: Focus on turnover: revenues by product line
Focus on turnover The comparison of amount and percentage of Revenues broken down by Line of Product on Q3 and Q3YTD 2019 vs the same period of 2018 are: Revenues (€/mil) Q3 YTD Q3 YTD Δ Δ Q3 Q3 Δ Δ by Product Line 2019 2018 Valore % 2019 2018 Valore % BCF (fiber for carpet) 306,4 317,3 (10,9) -3,4%
Slide 13: Focus on turnover: revenues by geographical area
Focus on turnover The comparison of amount and percentage of Revenues broken down by Geographical Area on Q3 and Q3YTD 2019 vs the same period of 2018 are: Revenues (€/mil) Q3 YTD Q3 YTD Δ Δ Q3 Q3 Δ Δ by Geographical Area 2019 2018 Valore % 2019 2018 Valore % EMEA 250,8 276,3 (25,5) -9,2% 74,3 81,5
Slide 14: 5. Aquafil Group at Glance
A@UAFIL synthetic fibres and polymers 5. Aquafil Group at Glance 14
Slide 15: Aquafil Group at Glance
Aquafil Group at Glance • Pioneers of circularity with ECONYL®: - An unique Regeneration System to produce sustainable fiber and polymers from nylon 6 waste; - High barriers to entry for technology and reverse supply chain; - Turnover of product branded ECONYL® equal to 37% of fiber turnover – CAGR
Slide 16: 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 17: Aquafil Group at Glance: history
Aquafil Group at Glance Acquisition of O’Mara Incorporated In US 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 …
Slide 18: Aquafil Worldwide
Aquafil Group at Glance AQUAFIL WORLDWIDE USA UK CROATIA CHINA Cartersville (Georgia) Kilbirnie Oroslavje Jiaxing Aquafil USA 1 & 2 Aquafil UK Aquafil CRO Aquafil Jiaxing Phoenix (Arizona) Aquafil Carpet Recycling SLOVENIA THAILAND ACR#1 Ljubljana Rayong ITALY AquafilSLO Aquafil Asia Pacific Sacrame
Slide 19: ECONYL regenerated nylon
Aquafil Group at Glance • 100% regenerated & regenerable nylon • Unique proprietary technology • 37% of Aquafil Fiber Turnover 2018 WWW.ECONYL.COM 19
Slide 20: 6. Financial Statement
6. First Half and Second Quarter 2019 Financial Statement 20
Slide 21: EBITDA and EBIT Adjusted
EBITDA and EBIT Adjusted RECONCILIATION FROM NET PROFIT TO EBITDA September September Third Quarter Third Quarter €/000 2019 2018 2019 2018 Net Profit (Including Portion Attr. to Minority ) 9.533 24.355 (1.120) 4.740 Income Taxes 3.714 6.877 77 1.452 Amortisation & Depreciation 25.972 18.923 9.398 6
Slide 22: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED INCOME STATEMENT September of wich September of wich Third Quarter of wich Third Quarter of wich €/000 2019 non-current 2018 non-current 2019 non-current 2018 non-current Revenue 419.537 430.932 132.870 139.641 of which related parties 29 204 16 Other Reven
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet CONSOLIDATED BALANCE SHEET At Septembre 30, At December 31, €/000 2019 2018 Intangible Assets 18.387 15.992 Goodwill 14.673 - Tangible Assets 256.070 189.661 Financial Assets 677 404 of which related parties 313 79 Other Assets 2.189 2.189 Deferred Tax Assets 7.987 7.841 T
Slide 24: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement CASH FLOW STATEMENT At September 30, At September 30, €/000 2019 2018 Operation Activities Net Profit (Including Portion Attr. to Minority ) 9.533 24.355 of which related parties -484 -1.637 Income Taxes 3.714 6.877 Other Financial Income -1.120 -31 Interest Expenses
Slide 25: Net Financial Debt
Net Financial Debt NET FINANCIAL DEBT At September 30, At December 31, €/000 2019 2018 A. Cash 89.509 103.277 B. Other cash equivalents - - C. Securities held-for-trading - - D. Liquidity ( A + B + C) 89.509 103.277 E. Current financial receivables 1.585 2.878 F. Current bank loans and borrowing (12
Slide 26: Investors Contact
Investors Contact: Karim Tonelli Investor Relations & Performance Management Director karim.tonelli@Aquafil.com Mob: +39 348 60 22 950 26