Slide 1: Aquafil Group Financial Results Full Year and IV Quarter 2019
Aquafil Group Financial Results Full Year and IV Quarter 2019 13th March 2020
Slide 2: Index
A@UAFIL synthetic fibres and polymers
Slide 3: Index
Index Item Page 1. Highlights 4 2. Income Statement KPI Full Year and IV Quarter 2019 7 3. Balance Sheet and Financial KPI – Full Year 2019 9 4. Focus on Turnover 11 5. Aquafil Group at Glance 14 6. Full Year and IV Quarter 2019 Consolidated Financial Statement 20 3
Slide 4: 1. Highlights
A@UAFIL synthetic fibres and polymers 1. Highlights
Slide 5: Highlights: Coronavirus and Group's Activities
Highlights CORONAVIRUS NORTH AMERICA ASIA PACIFIC AND GROUP’S ACTIVITIES 2019 RESULTS MARKET EXPERIENCED A PERIOD LIMITED IMPACTS ABOVE SLOW DOWN IN IN CHINA EXPECTATIONS CHINA AUTOMOTIVE AND CONTAINMENT ACTIONS TAKEN COMPLETED INCREASE OF BCF FIBER OCEANIA RESIDENTIAL SECTORS IN THE PRODUCTION CAPA
Slide 6: Highlights: Revenues, EBITDA, Net Profit, NFP
Highlights REVENUES EBITDA NET PROFIT ADJUSTED1 N.F.P. (€/mil) (€/mil) (€/mil) (€/mil) FY19 Q4 FY19 Q4 FY19 Q4 Act192 549,0 129,4 Act193 69,4 14,5 Act19 17,2 0,4 Dec19 249,6 Act18 555,2 124,4 Act18 77,9 17,0 Act18 35,3 5,7 Sep19 273,2 % Var % Var % Var 19 to 18 -1,1% 4,0% 19 to 18 -10,9% -14,8% 19 t
Slide 7: 2. Income Statement KPI Full Year and IV Quarter 2019
2. Income Statement KPI Full Year and IV Quarter 2019 7
Slide 8: Income Statement KPI
Income Statement KPI The Income Statement Key Performance Indicators related to FY and Q4 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 (€/mil) economic trend
Slide 9: 3. Balance Sheet and Financial KPI – Full Year 2019
3. Balance Sheet and Financial KPI – Full Year 2019 9
Slide 10: Balance Sheet and Financial KPI
Balance Sheet and Financial KPI The Balance Sheet and Financial Key Performance Indicators related to Full Year 2019 compared with Full Year 2018 are: : Balance Sheet and Financial KPI (€/mil) a) CAPEX of FY is equal to of 55,9 €/mil without considering CAPEX (55,9) effects of O’Mara Incorporated ac
Slide 11: 4. Focus on Turnover
A@UAFIL synthetic fibres and polymers 4. Focus on Turnover 11
Slide 12: Focus on turnover: ECONYL branded revenues
Focus on turnover The Group’s revenues of ECONYL® branded products grow of 3,2% and 3,6% in Full Year and Q4 compared to 2018. The Group’s revenues of ECONYL® branded products in Full Year 2019 are equal to the 37,5% of total fiber revenues. 12
Slide 13: Focus on turnover: Revenues by product line and area
Focus on turnover Revenues broken down by Line of Product and Geographical Area on FY and Q4 2019 to same period of 2018 are: BCF (fiber for carpet) NTF (fiber for fabrics) Polymers TOTAL % on TOTAL FY19 FY18 Δ Δ% FY19 FY18 Δ Δ% FY19 FY18 Δ Δ% FY19 FY18 Δ Δ% FY19 FY18 EMEA 203,9 216,1 (12,2) (5,7)%
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 37,5% of fiber turnover • Mar
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: company 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: 100% regenerated and regenerable nylon
Aquafil Group at Glance • 100% regenerated & regenerable nylon • Unique proprietary technology • 37,5 % of Aquafil Fiber Turnover 2018 WWW.ECONYL.COM 19
Slide 20: 6. Full Year and IV Quarter 2019 Financial Statement
6. Full Year and IV Quarter 2019 Financial Statement 20
Slide 21: EBITDA and EBIT Adjusted
EBITDA and EBIT Adjusted RECONCILIATION FROM NET PROFIT TO EBITDA December December Forth Quarter Forth Quarter €/000 2019 2018 2019 2018 Net Profit (Including Portion Attr. to Minority ) 9.005 30.097 (529) 5.742 Income Taxes 1.519 6.986 (2.195) 784 Amortisation & Depreciation 37.765 26.361 11.793 7
Slide 22: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED INCOME STATEMENT December of wich December of wich Forth Quarter of wich Forth Quarter of wich €/000 2019 non-current 2018 non-current 2019 non-current 2018 non-current Revenue 548.955 555.220 129.418 124.288 - of which related parties 58 218 29 13 - Other
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet CONSOLIDATED BALANCE SHEET At December 31, At December 31, €/000 2019 2018 Intangible Assets 21.101 15.992 Goodwill 13.029 - Tangible Assets 251.492 189.661 Financial Assets 765 404 of which related parties 313 79 Other Assets 2.189 2.189 Deferred Tax Assets 13.636 7.841 T
Slide 24: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement CASH FLOW STATEMENT At December 31, At December 31, €/000 2019 2018 Operation Activities Net Profit (Including Portion Attr. to Minority ) 9.005 30.097 of which related parties (755) (3.438) Income Taxes 1.519 6.986 Other Financial Income (1.195) (45) Interest Expens
Slide 25: Net Financial Debt
Net Financial Debt NET FINANCIAL DEBT At December 31, At December 31, €/000 2019 2018 A. Cash 90.400 103.277 B. Other cash equivalents - - C. Securities held-for-trading - - D. Liquidity ( A + B + C) 90.400 103.277 E. Current financial receivables 1.637 2.878 F. Current bank loans and borrowing (129
Slide 26: Investors Contact
Investors Contact: Karim Tonelli Investor Relations & Performance Management Director karim.tonelli@aquafil.com Mob: +39 348 60 22 950 26