Slide 1: Aquafil Group FY 2024 Financial Results
Aquafil Group [ECNL:IM] - [ECNLF: OTCQX] FY 2024 Financial Results March 18, 2025
Slide 2: Key Messages
Key Messages Sharp profitability growth Reduction in personnel costs ✓ (FY24 +31% vs FY23) ✓ Volumes increased ECONYL® branded and regenerated ✓ compared to FY23 ✓ products increased to 55% of fibers revenues US market slower than expected Capital increase with option rights ✓ ✓ successfully complet
Slide 3: Financial Results
Financial Results Revenues EBITDA Net profit NFP 2024 2023 Δ% 2024 2023 Δ% 2024 2023 Δ% 31.12.24 31.12.23* Δ% FY 542,1 571,8 (5,2)% 62,4 47,5 31,3 % (16,3) (25,8) 36,9 % 213,5 242,8 (12,0)% % on Revenues 11,5% 8,3% (3,0)% (4,5)% 4Q 126,1 129,6 (2,7)% 14,3 10,5 36,0 % (7,5) (8,8) 14,2 % % on Revenues
Slide 4: Financial Results: Volumes
Volumes (on First Grade Product Revenues) – Index 100 Financial +6.9% Results compared to FY 2023 Revenues Variation by Components FY 2023 Volume Price & Sales FY 2024 Mix 4
Slide 5: Financial Results | Quantity Variations %
Financial Results | Quantity Variations % (on First Grade Product Revenues) EMEA Volumes +13,9% vs FY23 and +9,2% vs 4Q23: FY24 vs FY23 4Q24 vs 4Q23 • BCF in line with expectations • NTF lower quantity sold due to slow market demand on FY • Stronger growth for Polymers USA Volumes (5,2)% vs FY23 and
Slide 6: Financial Results | Revenues Breakdown by Product Line
Financial Results | Revenues Breakdown % by Product Line FY24 vs FY23 4Q24 vs 4Q23 6
Slide 7: Financial Results | Revenues Breakdown by Geographical Area
Financial Results | Revenues Breakdown % by Geographical Area FY24 vs FY23 4Q24 vs 4Q23 7
Slide 8: Financial Results: ECONYL Revenues on Fibers
54,8% of FY24 fibers revenues from ECONYL® and other regenerated fibers Financial Results ECONYL® Revenues on fibers 8
Slide 9: Financial Results: P&L KPI
FY 4Q 2024 2023 Δ% 2024 2023 Δ% Revenues 542,1 571,8 (5,2)% 126,1 129,6 (2,7)% Financial EBITDA 62,4 47,5 31,3 % 14,3 10,5 36,0 % Results % on net Sales 11,5 % 8,3% 11,3% 8,1% EBIT 3,3 (8,9) 137,5 % (0,6) (4,5) 87,1 % P&L % on net Sales 0,6% (1,5)% (0,5)% (3,4)% KPI EBT (17,6) (26,0) 32,3 % (7,3) (1
Slide 10: Financial Results | Net Financial Position
Financial Results | Net Financial Position NFP - €/mil NFP/EBITDA NFP Evolution NFP - €/mil Evolution - €/mil NFP/LTM EBITDA NFP/LTM EBITDA NFP on December 31, 2024: 213,5 €/mil vs 242,8* €/mil on December 31, 2023 5,11 5,11 242,8 242,8 213,5 213,5 Ratio NPF/EBITDA: x3,42 on December 31, 3,42 3,42 2
Slide 11: Financial Results | NFP evolution €/mln
Financial Results | NFP evolution €/mln *Including restatement 11
Slide 12: Outlook
Outlook The year 2024 showed a significant increase in profitability with a +31% growth compared to 2023 and a marginality that exceeded 11.5% in 2024, although with slight discrepancies from the forecast figures released at the capital increase operation. The successful closing of the capital incre
Slide 13: Appendix
4. Appendix 13
Slide 14: Disclaimer
Appendix - Disclaimer This presentation and any material distributed in connection herewith (together, the “Presentation”) prepared by Aquafil S.p.A. (“Aquafil” or “Company”) do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of
Slide 15: Definitions
Appendix - Definitions “First choice revenues” are revenues generated by the sale of fibers and polymers, gross of any «FIRST CHOICE adjustments (for example, discounts and allowances), but excluding revenues generated by “non-first REVENUES» choice products”, revenues generated by Aquafil Engineeri
Slide 16: Consolidated Income Statement
Appendix - Consolidated Income Statement CONSOLIDATED INCOME STATEMENT December of wich non- December of wich non- Fourth of wich non- Fourth of wich non- €/000 2024 current 2023 current Quarter 2024 current Quarter 2023 current Revenue 542.135 0 571.806 209 126.060 0 129.577 208 of which related pa
Slide 17: Consolidated Income Statement – Revenues FY
Appendix - Consolidated Income Statement – Revenues FY FY BCF (fiber for carpet) NTF (fibre for fabrics) Polymers TOTAL €/mil 2024 2023 Δ Δ% 2024 2023 Δ Δ% 2024 2023 Δ Δ% 2024 2023 Δ Δ% %24 %23 EMEA 181,3 184,6 (3,4) (1,8)% 57,5 71,4 (13,8) (19,4)% 49,7 39,2 10,5 26,7 % 288,4 295,2 (6,7) (2,3)% 53,2
Slide 18: Consolidated Income Statement – Revenues 4Q
Appendix - Consolidated Income Statement – Revenues 4Q 4Q BCF (fiber for carpet) NTF (fibre for fabrics) Polymers TOTAL €/mil 2024 2023 Δ Δ% 2024 2023 Δ Δ% 2024 2023 Δ Δ% 2024 2023 Δ Δ% %24 %23 EMEA 44,1 44,0 0,1 0,3 % 12,7 13,5 (0,8) (5,8)% 10,4 9,4 1,1 11,4 % 67,2 66,8 0,4 0,6 % 53,3% 51,6% North
Slide 19: EBITDA and Adjusted Operating Results
Appendix - EBITDA and Adjusted Operating Results RECONCILIATION FROM NET PROFIT TO EBITDA €/000 December December Fourth Fourth 2024 2023 Quarter 2024 Quarter 2023 Net Profit (Including Portion Attr. to Minority ) ( 16.313) ( 25.849) ( 7.534) ( 8.781) Income Taxes ( 1.291) ( 143) 260 ( 2.320) Invest
Slide 20: Consolidated Balance Sheet (1/2)
Appendix - Consolidated Balance Sheet (1/2) CONSOLIDATED BALANCE SHEET At December 31, At December 31, €/000 2024 2023 Intangible Assets 15.168 19.080 Goodwill 16.064 15.103 Tangible Assets 233.900 245.838 Financial Assets 969 534 of which related parties 270 79 Investments & Equity metod 1.113 1.02
Slide 21: Consolidated Balance Sheet (2/2)
Appendix - Consolidated Balance Sheet (2/2) CONSOLIDATED BALANCE SHEET At December 31, At December 31, €/000 2024 2023 Share Capital 53.354 49.722 Reserves 121.311 101.379 Group Net Profit for the year ( 16.313) ( 25.849) Group Shareholders Equity 158.352 125.252 Net Equity attributable to minority
Slide 22: Net Financial Position
Appendix - Net Financial Position NET FINANCIAL DEBT At December 31, At December 31, €/000 2024 2023 A. Liquidity 130.366 157.662 B. Cash and cash equivalents C. Other current financial assets 980 5.703 D. Liquidity (A + B + C) 131.346 163.364 E. Current financial debt (including debt instruments bu
Slide 23: Consolidated Cash Flow Statement (1/2)
Appendix - Consolidated Cash Flow Statement (1/2) CASH FLOW STATEMENT At December 31, At December 31, €/000 2024 2023 Operation Activities Net Profit (Including Portion Attr. to Minority) (16.313) (25.849) of which related parties (318) (367) Income Taxes (1.291) (143) Income (loss) from equity Inve
Slide 24: Consolidated Cash Flow Statement (2/2)
Appendix - Consolidated Cash Flow Statement (2/2) CASH FLOW STATEMENT At December 31, At December 31, €/000 2024 2023 Investing activities Investment in Tangible Assets (21.781) (29.157) Disposal of Tangible Assets 975 608 Investment in Intangible Assets (3.291) (4.620) Disposal of Intangible Assets
Slide 25: aquafil.com econyl.aquafil.com dryarn.com
aquafil.com econyl.aquafil.com www.dryarn.com dryarn.com