Aquafil Spa · MIL:ECNL
Aquafil Spa — Q1 2020 Earnings Presentation
25 slides from Aquafil Spa's earnings presentation, May 14, 2020
Slide 1: Aquafil Group Financial Results First Quarter 2020
Aquafil Group Financial Results First Quarter 2020 14th May 2020
Slide 2: Index
A@UAFIL synthetic fibres and polymers
Slide 3: Index
Index Item Page 1. Highlights 4 2. Revenues by Geographical Area and Product Line 7 3. Income Statement KPI First Quarter 2020 10 4. Cash Flow and Net Financial Debt – First Quarter 2020 12 5. Aquafil Group at Glance 14 6. First Quarter 2020 Consolidated Financial Statement Report 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) Q120 Q120 Q120 Act192 140,7 Act193 18,2 Act19 5,1 Mar20 250,2 Act18 145,3 Act18 19,1 Act18 7,7 Dec19 249,6 % Var % Var % Var 19 to 18 -3,2% 19 to 18 -4,7% 19 to 18 -34,2% REVENUES EBITDA NET PROFIT ADJUSTED NET FI
Slide 6: 2. Revenues by Geographical Area and Product Line
2. Revenues by Geographical Area and Product Line 6
Slide 7: Revenues by Geographical Area and Product Line
Revenues by Geographical Area and Product Line Revenues broken down by Line of Product and Geographical Area on First Quarter 2020 to same period of 2019 are: BCF (fiber for carpet) NTF (fibre for fabrics) Polymers TOTAL % on TOTAL Q120 Q119 Δ Δ% Q120 Q119 Δ Δ% Q120 Q119 Δ Δ% Q120 Q119 Δ Δ% Q120 Q11
Slide 8: ECONYL® Revenues
ECONYL® Revenues The Group’s revenues of ECONYL® branded products decrease of 1,9% in Q1 2020 compared to Q1 2019. The Group’s revenues of ECONYL® branded products in Full Year 2019 are equal to the 37,9% of total fiber revenues. 8
Slide 9: 3. Income Statement KPI First Quarter 2020
3. Income Statement KPI First Quarter 2020 9
Slide 10: Income Statement KPI
Income Statement KPI The Income Statement Key Performance Indicators related to first quarter 2020 compared with same period of 2019 are: Income Statement KPI (€/mil) a) Revenues: trend has been described in Revenues by Geographical Area and Product Line section of report; Q1 20 Q1 19 Δ% b) EBITDA:
Slide 11: 4. Cash Flow and Net Financial Debt – First Quarter 2020
4. Cash Flow and Net Financial Debt – First Quarter 2020 11
Slide 12: Cash Flow and Net Financial Debt
Cash Flow and Net Financial Debt The Cash Flow and Net Financial Debt of first quarter 2020: Cash Flow (€/mil) (a) Cash Flow from Operating Activities a) Cash Flow from Operating Activities Before 15,3 Changes in NWC: are equal to 15,3 €/mil and are Before Changes in NWC calculated as Net Profit ± I
Slide 13: 5. Aquafil Group at Glance
A@UAFIL synthetic fibres and polymers 5. Aquafil Group at Glance 13
Slide 14: 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 15: Aquafil Group at Glance
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 16: Aquafil Group at Glance
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 17: 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 18: Aquafil Group at Glance
Aquafil Group at Glance • 100% regenerated & regenerable nylon • Unique proprietary technology • 37,5 % of Aquafil Fiber Turnover 2018 WWW.ECONYL.COM 18
Slide 19: 6. First Quarter 2020 Consolidated Financial Statement Report
6. First Quarter 2020 Consolidated Financial Statement Report 19
Slide 20: EBITDA and EBIT Adjusted
EBITDA and EBIT Adjusted RECONCILIATION FROM NET PROFIT TO EBITDA First Quarter First Quarter €/000 2020 2019 Net Profit (Including Portion Attr. to Minority ) 4.076 7.696 Income Taxes 1.572 1.880 Amortisation & Depreciation 10.833 8.038 Write-downs & Write-backs of intangible and tangible assets 14
Slide 21: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED INCOME STATEMENT First Quarter of wich First Quarter of wich €/000 2020 non-current 2019 non-current Revenue 140.714 - 145.328 of which related parties 305 - 17 Other Revenue 481 17 601 76 Total Revenue and Other Revenue 141.195 17 145.929 76 Raw Material (
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet CONSOLIDATED BALANCE SHEET At March 31, At December 31, €/000 2020 2019 Intangible Assets 21.832 21.101 Goodwill 13.360 13.029 Tangible Assets 252.295 251.492 Financial Assets 722 765 of which related parties 313 313 Other Assets 2.189 2.189 Deferred Tax Assets 12.828 13.6
Slide 23: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement CASH FLOW STATEMENT At March 31, At March 31, €/000 2020 2019 Operation Activities Net Profit (Including Portion Attr. to Minority ) 4.076 7.696 of which related parties 151 (170) Income Taxes 1.572 1.880 Other Financial Income (46) (1.091) Interest Expenses 2.206 1.
Slide 24: Net Financial Debt
Net Financial Debt NET FINANCIAL DEBT At March 31, At December 31, €/000 2020 2019 A. Cash 100.423 90.400 B. Other cash equivalents - - C. Securities held-for-trading - - D. Liquidity ( A + B + C) 100.423 90.400 E. Current financial receivables 1.947 1.637 F. Current bank loans and borrowing (117) (
Slide 25: Investors Contact
Investors Contact: Karim Tonelli Investor Relations & Performance Management Director karim.tonelli@aquafil.com Mob: +39 348 60 22 950 25