Envipco Holding N.V. · EURONEXT:ENVI
Envipco — Investor Presentation (January 2024)
21 slides from Envipco's investor presentation, January 2024
Slide 1: Envipco
Envipco A Recycling Technology Leader Creating a Cleaner World for Future Generations Company presentation | January 2024
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 Building from… EUR 65.5 million LTM revenue Q3 23 • Engaging a vast global market opportunity, mainly driven by deposit legislation rolled out across all EU countries 1.7x revenue multiple 2021 – LTM Q3 23 • Captured leading position in European g
Slide 4: Engaging a vast market opportunity
Engaging a vast market opportunity + 200k units N.America/RoW EU Legislation driving deposit return schemes (DRS) in all EU countries Europe Strong Consumer push to address plastic pollution Beverage brand holders needing clean feedstock to put back into new packaging Industry acknowledgment that de
Slide 5: Executing on our growth strategy
Executing on our growth strategy What we have said • Envipco will challenge incumbents and capture market share in North America • Envipco to capture a significant share of new market opportunities from the second wave of DRS legislation in Europe What we have done ✓ Built important position in Nort
Slide 6: Delivering on European growth strategy
Delivering on European growth strategy Revenue development EUR million, Unaudited LTM Q3 2023 N.America/RoW Increased awareness and legislative initiatives largely driven by maturing North DRS second wave (EU) American Market
Slide 7: Invested in building a market position
Invested in building a market position Entered several new markets over the last 5 years… …already seeing strong progress (examples) • 150 recycling centres (Quantum) >90% • Project continuing into 2024/25 with significant Mkt share potential • Installed 700 RVMs with MOL group ~50% • +3,600 units t
Slide 8: DRS second wave
DRS second wave Legislative considerations and planning Preparations Anticipated next wave of DRS legislation in European markets Implementation and execution Publicly announced launch Envipco currently operates in Greece as a pre-DRS market, the timeline for DRS implementation is not yet defined. E
Slide 9: Why we continue to win with our customers
Why we continue to win with our customers Broad and proven Proven track record with Ample production Consultative approach product portfolio world leading retailers capacity addressing customers' addressing all customer showing our quality and in USA, Germany and unique needs first and segments comm
Slide 10: Innovative technology offering for all customers
Innovative technology offering for all customers
Slide 11: Ample production capacity
Ample production capacity Naugatuck (CT), USA Invested in production capacity to support expected growth • 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 12: Building a scalable and profitable company
Building a scalable and profitable company Generating economies of scale and improved margins Revenue and EBITDA margin development1 EUR million • Revenue uplift mainly from growth in EU markets • Gross margin improvements from manufacturing efficiencies, supply chain normalization and higher margin
Slide 13: Financial highlights
Financial highlights 1) Includes other income of EUR 3.6m in 2021 and EUR 2.0m in 2022.
Slide 14: Seasoned team with extensive cross-functional experience
Seasoned team with extensive cross-functional experience Executive management team Board of Directors • Gregory Garvey – Chairman, Non-Executive director • Maurice Bouri – Executive Board Member Simon Bolton Robert Lincoln Theo Kamperman Andreea Nedea • Erik Thorsen – Non-Executive director CEO Pres
Slide 15: Envipco share overview
Envipco share overview Share description Shareholdings by country • Listed at Euronext Amsterdam: Ticker ENVI • Listed at Euronext Growth Oslo – Ticker ENVIP 15.0 % • Market capitalization: NOK 1.86b / EUR 164m1 • # of shares outstanding: 51.7 million 4.9 % 38.4 % Top 10 Shareholders January 2024 6.
Slide 16: Summary
Summary Envipco is delivering on its growth strategy Market share in • Securing leading market position in key new growth markets new markets • Innovative technology offering for all market segments • Ample production capacity +30% Vast market opportunity arising • EU legislation driving positive DR
Slide 17: Appendix
Appendix @envipco
Slide 18: Profit & Loss
Profit & Loss in EUR thousands Note Q3 23 Q3 22 YTD 23 YTD 22 FY 22 Revenues 25 274 16 942 52 159 43 018 56 373 Cost of sales (16 444) (11 648) (34 122) (28 723) (37 911) Gross Profit 8 830 5 294 18 037 14 294 18 462 Selling and distribution expenses (542) (1 061) (1 791) (2 413) (3 437) General and
Slide 19: Balance sheet
Balance sheet in EUR thousands Note 30.09.23 30.09.22 31.12.22 in EUR thousands Note 30.09.23 30.09.22 31.12.22 Assets Equity Non-current assets Share capital 2 585 2 303 2 303 Development Costs Etc 7 827 - 7 575 Share premium 70 919 57 428 56 939 Intangible assets 9 380 7 393 8 595 Translation rese
Slide 20: Cash Flow Statement
Cash Flow Statement in EUR thousands Note YTD 23 YTD 22 FY 22 Cashflow from operating activities Operating results (1 509) (386) (2 710) Adjustment for: Depreciation & Amortization 4 388 3 715 4 969 PPP loan forgiveness - (1 948) (1 948) Changes in: Changes in trade and other receivables (12 143) (1
Slide 21: © envipco
© envipco