Aquafil Spa · MIL:ECNL
Aquafil Spa — Q1 2025 Earnings Presentation
24 slides from Aquafil Spa's earnings presentation, May 15, 2025
Slide 1: Aquafil Group 1Q 2025 Financial Results
Aquafil Group [ECNL:IM] - [ECNLF: OTCQX] 1Q 2025 Financial Results May 15, 2025
Slide 2: Key Messages
Key Messages ECONYL® branded and regenerated ✓ products reached 60,5% of fibers ✓ Profitability improvement vs 1Q2024 revenues ✓ US market recovery ✓ Utilities cost higher than expected 2
Slide 3: Financial Results
Financial Results Revenues EBITDA Net profit NFP 2025 2024 Δ% 2025 2024 Δ% 2025 2024 Δ% 31.03.25 31.12.24 Δ% 1Q 144,0 147,5 (2,4)% 17,1 15,2 12,5 % 0,4 (3,1) 113,8 % 221,6 213,5 3,8 % % on Revenues 11,9% 10,3% 0,3 % (2,1)% USA Higher to 1Q 2024 Higher to 1Q 2024 Slightly higher Recovering market vs
Slide 4: Financial Results: Revenues Variation by Components
Volumes (on First Grade Product Revenues) – Index 100 Financial -2,0% Results compared to 1Q 2024 Revenues Variation by Components 1Q 2024 Volume Price & Sales 1Q 2025 Mix 4
Slide 5: Financial Results | Quantity Variations %
Financial Results | Quantity Variations % (on First Grade Product Revenues) EMEA Volumes (1,9)% vs 1Q24: 1Q25 vs 1Q24 • BCF and NTF broadly in line • Polymers with different production mix (growing engineering plastics volumes) (1,0)% USA (1,9)% (4,1)% Volumes (1,0)% vs 1Q24: • Important recovery fo
Slide 6: Financial Results | Revenues Breakdown by Product Line
Financial Results | Revenues Breakdown % by Product Line 1Q25 vs 1Q24 6
Slide 7: Financial Results | Revenues Breakdown by Geographical Area
Financial Results | Revenues Breakdown % by Geographical Area 1Q25 vs 1Q24 7
Slide 8: ECONYL Revenues on fibers
60,5% of 1Q25 fibers revenues from ECONYL® and other regenerated fibers Financial Results ECONYL® Revenues on fibers 8
Slide 9: Financial Results: P&L KPI
1Q 2025 2024 Δ% Revenues 144,0 147,5 (2,4)% Financial EBITDA 17,1 15,2 12,5 % Results % on net Sales 11,9 % 10,3% EBIT 2,9 0,8 241,2 % % on net Sales 2,0% 0,6 % P&L KPI EBT 1,0 (4,0) 126,2 % % on net Sales 0,7 % (2,7)% NET RESULT 0,4 (3,1) 113,8 % % on net Sales 0,3 % (2,1)% Data in € million 9
Slide 10: Financial Results | Net Financial Position
Financial Results | Net Financial Position NFP - €/mil NFP/EBITDA NFP on March 31, 2025: 221,6 €/mil vs 213,5 €/mil on December 31, 2024 Ratio NPF/EBITDA: x3,45 on March 31, 2025 10
Slide 11: Financial Results | NFP evolution €/mln
Financial Results | NFP evolution €/mln 11
Slide 12: Outlook
Outlook The first quarter of 2025 recorded an increase in profitability compared to the same period of the previous year. This was thanks to both the recovery of the US fiber for carpet sector and the increase in sales of ECONYL® products, despite higher energy costs. The early achievement of the ta
Slide 13: 4. 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: Sector Data – Caprolactam price evolution
Appendix - Sector Data – Caprolactam price evolution €/ton Source: Tecnon OrbiChem, a ResourceWise company 16
Slide 17: Consolidated Income Statement
Appendix - Consolidated Income Statement CONSOLIDATED INCOME STATEMENT First quarter of wich non- First quarter of wich non- €/000 2025 current 2024 current Revenue 144.011 0 147.500 0 of which related parties 6 83 Other Revenue 2.869 16 1.639 33 of which related parties 87 0 Total Revenue and Other
Slide 18: Consolidated Income Statement – Revenues 1Q
Appendix - Consolidated Income Statement – Revenues 1Q Q1 BCF (fiber for carpet) NTF (fibre for textile) Polymers TOTAL €/mln 2025 2024 Δ Δ% 2025 2024 Δ Δ% 2025 2024 Δ Δ% 2025 2024 Δ Δ% %25 %24 EMEA 45,9 49,4 (3,5) (7,0)% 16,4 15,7 0,7 4,5 % 13,9 17,1 (3,2) (19,0)% 76,2 82,2 (6,0) (7,3)% 52,9% 55,7%
Slide 19: EBITDA and Adjusted Operating Results
Appendix - EBITDA and Adjusted Operating Results RECONCILIATION FROM NET PROFIT TO EBITDA €/000 First quarter First quarter 2025 2024 Net Profit (Including Portion Attr. to Minority ) 427 ( 3.104) Income Taxes 621 ( 898) Investment income and charges Amortisation & Depreciation 12.912 13.405 Write-d
Slide 20: Consolidated Balance Sheet (1/2)
Appendix - Consolidated Balance Sheet (1/2) CONSOLIDATED BALANCE SHEET At March 31, At December 31, €/000 2025 2024 Intangible Assets 14.174 15.168 Goodwill 15.431 16.064 Tangible Assets 224.179 233.900 Financial Assets 846 969 of which related parties 293 270 Investments & Equity metod 1.113 1.113
Slide 21: Consolidated Balance Sheet (2/2)
Appendix - Consolidated Balance Sheet (2/2) CONSOLIDATED BALANCE SHEET At March 31, At December 31, €/000 2025 2024 Share Capital 53.354 53.354 Reserves 96.569 121.311 Group Net Profit for the year 427 ( 16.313) Group Shareholders Equity 150.350 158.352 Net Equity attributable to minority interest 1
Slide 22: Consolidated Cash Flow Statement (1/2)
Appendix - Consolidated Cash Flow Statement (1/2) CASH FLOW STATEMENT At March 31, At Marchr 31, €/000 2025 2024 Operation Activities Net Profit (Including Portion Attr. to Minority) 427 (3.104) of which related parties (163) (118) Income Taxes 621 (898) Income (loss) from equity Investments of whic
Slide 23: Consolidated Cash Flow Statement (2/2)
Appendix - Consolidated Cash Flow Statement (2/2) CASH FLOW STATEMENT At March 31, At Marchr 31, €/000 2025 2024 Investing activities Investment in Tangible Assets (3.835) (3.354) Disposal of Tangible Assets 174 156 Investment in Intangible Assets (400) (524) Disposal of Intangible Assets Reclassifi
Slide 24: aquafil.com econyl.aquafil.com www.dryarn.com
aquafil.com econyl.aquafil.com www.dryarn.com dryarn.com