A.b.p. Nocivelli S.p.a. · MIL:ABP
A.b.p. Nocivelli — Nocivelli ABP — FY2023/24 Earnings Presentation
28 slides from A.b.p. Nocivelli's earnings presentation, Sep 27, 2024
Slide 1: FY 2023/2024 Financial Results
NOCIVELLI ABP FY 2023/2024 Financial Results 27th Sept. 2024
Slide 2: Agenda
AGENDA 1. COMPANY AT A GLANCE 2. FINANCIAL HIGHLIGHTS FY ‘23/’24 3. RECENT NEWS AND FUTURE OUTLOOK 4. Q&A ANNEX 2
Slide 3: Agenda
AGENDA 1. COMPANY AT A GLANCE 2. FINANCIAL HIGHLIGHTS FY ‘23/’24 3. RECENT NEWS AND FUTURE OUTLOOK 4. Q&A ANNEX 3
Slide 4: A sector that is a fundamental component in promoting environmental sustainability
A SECTOR THAT IS A FUNDAMENTAL COMPONENT IN PROMOTING ENVIRONMENTAL SUSTAINABILITY An ESCo (Energy Service Company) is able to provide all the technical, commercial and financial services necessary to carry out the energy efficiency of buildings, infrastructures and industrial processes, taking on t
Slide 5: Leader in supplying PA with energy services
LEADER IN SUPPLYING PA WITH ENERGY SERVICES Nocivelli ABP is specialised in supplying public administrations with energy services thanks to a solid know- how gained over the last 60 years, which includes the promotion of PPP projects (involving the building of hospitals and the supply of energy and
Slide 6: More than 60 years of successful achievements
MORE THAN 60 YEARS OF SUCCESSFUL ACHIEVEMENTS Awarded tender in RTI* - Energy efficiency and seismic upgrading of a school building in Vobarno (BS). - Plant engineering works concerning healthcare facilities and community houses in Lombardy Business diversification in Renovation and expansion of the
Slide 7: Key factors for success
KEY FACTORS FOR SUCCESS Certifications Integrated Offer Know-how Long-lasting Solid BS and High visibility experience financial growth with 850 m backlog 7
Slide 8: Business units and services
BUSINESS UNITS 1 SERVICES Technological and facility management services v Energy: supply of goods and services aimed at maintaining the “comfort conditions” of buildings, while focusing on the optimised use of resources v Heat: management of the entire cycle of technological systems, energy supply,
Slide 9: PPPs sponsored by private companies
PPPs SPONSORED BY PRIVATE COMPANIES • Public bodies and private companies cooperate to fund, design, build and PPP manage public infrastructure or services with a long-term view Public-Private Partnership • The company’s interest is aligned to the PA’ through long-term agreements (average length 25Y
Slide 10: 1st Sustainability Report
1ST SUSTAINABILITY REPORT The Group, as part of the growth and renewal process, already undertaken in 2021 with the listing on the Euronext Growth Milan Market, has also decided to start the sustainable development path aimed at E SG improving ESG performance and preparing the first Sustainability R
Slide 11: Agenda
AGENDA 1. COMPANY AT A GLANCE 2. FINANCIAL HIGHLIGHTS FY ‘23/’24 3. RECENT NEWS & FUTURE OUTLOOK 4. Q&A ANNEX 11
Slide 12: Value of production keep growing
VALUE OF PRODUCTION KEEP GROWING VALUE OF PRODUCTION REVENUES 76.5M 71.1M YOY GROWTH +1.9% (75.1M as 30.06.2023) - 3.8% Revenues have slightly declined, primarily due to a (73.9M as 30.06.2023) reduction in raw materials costs (gas methane) and the 76.5 temporary shifting of certain 75.1 orders 61.3
Slide 13: Marginality still positive confirming a resilient business
MARGINALITY STILL POSITIVE CONFIRMING A RESILIENT BUSINESS EBITDA EBIT NET INCOME 15.2M 13.0M 10.7M -0.4% -2.9% +1.0% YOY ∆% YOY ∆% YOY ∆% EBITDA MARGIN EBIT MARGIN NET INCOME MARGIN 19.9% 17.0% 14.0% ∆ 13
Slide 14: Profitability in line with previous period
PROFITABILITY IN LINE WITH PREVIOUS PERIOD 40.0% 48.0 44.0 24.0% 40.0EBITDA (€mln) EBIT (€mln) 32.0 20.2% 22.0% 36.0Ebitda% Ebit% 20.0% 28.0 17.0% 18.0% 32.0 22.7% 17.9% 24.0 16.0% 28.0 19.9% 20.0% 20.0 14.0% 24.0 20.4% 12.0% 20.0 16.0 -0.4% 10.0% 16.0 YoY -2.9% 12.0 13.4 YoY 13.0 8.0% 15.3 15.2 12.
Slide 15: Continuous improvement of the financial position
CONTINUOUS IMPROVEMENT OF THE FINANCIAL POSITION Net financial position (cash) €mln The Net Financial Position remains stable and cash positive Shareholders’ Equity €mln at Euro 47.7 million (cash positive for Euro 49.9 million at 31 December 2023), confirming the financial stability of the 72.0 com
Slide 16: Agenda
AGENDA 1. COMPANY AT A GLANCE 2. FINANCIAL HIGHLIGHTS FY ‘23/’24 3. RECENT NEWS & FUTURE OUTLOOK 4. Q&A ANNEX 16
Slide 17: 2024 new orders and outlook
2024 NEW ORDERS AND OUTLOOK A Three Terna’s tenders totalling about Euro 8 million: BUILDING 1. Plant upgrading and civil works for the renovation of the internal premises of the regional displacement office in Dolo (VE). RENOVATION 2. Renovation of a building intended for office use at Vignole Borb
Slide 18: Agenda
AGENDA 1. COMPANY AT A GLANCE 2. FINANCIAL HIGHLIGHTS FY ‘23/’24 3. RECENT NEWS AND FUTURE OUTLOOK 4. Q&A ANNEX 21
Slide 19: Q&A
Q&A
Slide 20: Agenda
AGENDA 1. COMPANY AT A GLANCE 2. FINANCIAL HIGHLIGHTS FY ‘23/’24 3. STRATEGIC ACHIEVEMENTS & UPDATES 4. Q&A ANNEX 23
Slide 21: Annex 1: Shareholding & governance
ANNEX 1: SHAREHOLDING & GOVERNANCE Free Float 11.3% Alessandra Perego Bruno Nocivelli 0.9% 57.6% Nicola Turra 3.5% Bruno N ocive lli Laura Salvatore Laura Salvatore Nicola Turra 26.6% Alessandra Pe rego Fre e Float Board of Directors Board of Auditors Bruno Nocivelli – CHAIRMAN AND CEO Beatrice Bonf
Slide 22: Annex 2: Profit & Loss
ANNEX 2: PROFIT & LOSS PROFIT & LOSS FY 2022-2023 FY 2023-2024 % change 30.06.2023 30.06.2024 FY '23/'24 - FY '22/'23 Sales 73.9 71.1 -3.9% Other revenues and change in WIP 1.2 5.4 +chg Value of production 75.1 76.5 1.9% EBITDA 15.3 15.2 -0.4% EBITDA margin 20.4% 19.9% -2.3% D&A and other (1.8) (2.2
Slide 23: Annex 3: Balance sheet
ANNEX 3: BALANCE SHEET BALANCE SHEET H1 2023-2024 FY 2023-2024 % change 31.12.2023 30.06.2024 FY '23/'24 - H1 '23/'24 Intangible fixed assets 7.5 8.8 17.5% Tangible Fixed Assets 0.3 0.3 -6.3% Financial Fixes assets 0.8 0.8 0.0% Fixed assets 8.6 9.9 15.0% Inventories 14.6 16.6 13.8% Trade Receivables
Slide 24: Annex 4: Cash flow
ANNEX 4: CASH FLOW CASH FLOW FY 2022-2023 FY 2023-2024 Reclassified statement (€/m) 30.06.2023 30.06.2024 Operating cash flow before change in NWC+/- 15.4 16.1 +/-Change in NWC -8.7 -1.0 -Interest, taxes, other -2.8 -2.1 Operating cash flow 3.9 12.9 -Capex -2.2 -2.2 -Other 0.0 0.0 Investing activity
Slide 25: Annex 5: Key player in all industry's segments
ANNEX 5: KEY PLAYER IN ALL INDUSTRY’S SEGMENTS SERVICES – FACILITY MANAGEMENT ENGIE SPA BU SERVICES SIRAM SPA REKEEP SPA BU CONSTRUCTION/SERVICES CPL SPA COMPETITOR/PARTNER PPP EDISON SPA MIECI SPA CMB SPA APLONA SPA ITINERA SPA ANTAS SPA WEBUILD SPA (EX SALINI IMPREGILO) SALC SPA RIZZANI DE ECCHER
Slide 26: Annex 6: Traditional public tender, and PPP
ANNEX 6: “TRADITIONAL” PUBLIC TENDER, AND PPP • Given the typical size of the projects Novicelli usually bids as a part of a temporary consortium, ATI or RTI (respectively Associazione Temporanea d’Imprese or Raggruppamento Temporaneo d’Imprese). The entity is usually a “consortium-like joint-stock
Slide 27: Safe Harbour
SAFE HARBOUR This presentation may contain forward looking objectives and statements about Nocivelli ABP (“Nocivelli ABP” or “the Company”) financial situation, operating results, business activities and expansion strategy. These objectives and statements are based on assumptions that are dependent
Slide 28: Thank you for your time
THANK YOU FOR YOUR TIME www.abpnocivelli.com investor.relations@abpnocivelli.com nocivelli-spa@twin.services