Aquafil Spa · MIL:ECNL
Aquafil Spa — Lytham Partners Investor Select Conference 2023
36 slides from Aquafil Spa's conference presentation, Jan 31, 2023
Slide 1: Investor Presentation
Investor Presentation [ECNLF:OTCQX] – [ECNL:IM] Lytham Partners Investor Select Conference January 31, 2023
Slide 2: Aquafil is Market Leader in Nylon
Aquafil is Market Leader in Nylon % on 9M22 REVENUES Carpet yarn Textile yarn Polymers • Contract • Apparel • Industrial • Residential 71% • Swimwear 20% Molding 9% • Automotive • Sportwear 70 % 8%
Slide 3: And Market Leader Worldwide
And Market Leader Worldwide % on 9M22 REVENUES USA Europe Asia Pacific 29% 55% 16% 3
Slide 4: From Family Business To Global Sustainability Champion
From Family Business To Global Sustainability Champion 20 Plants, 9 Countries on 3 Continents Ca. 2,800 Employees € 529,9 Million of Revenues for 9M22 € 73,2 Million EBITDA 9M22 43,5% ECONYL® fiber turnover 4
Slide 5: Aquafil Group
Aquafil Group USA UK THAILAND Cartersville (Georgia) Kilbirnie Rayong Aquafil USA 1 Aquafil UK Aquafil Asia Pacific Phoenix (Arizona) SLOVENIA JAPAN ITALY Aquafil Carpet Recycling Ljubljana Tokyo Arco (TN) ACR#1 Aquafil Japan Aquafil (Headquarter) Aquafil Carpet Collection AquafilSLO ACC Senožeče CH
Slide 6: Aquafil Brand Manifesto - Our Vision
Aquafil Brand Manifesto - Our Vision At Aquafil, we design better to do better. We are conscious innovators. We think as beginners and act as pioneers to provide unique products and services that leverage performance and reduce the impact on a global scale. We are thoughtful listeners. We step out o
Slide 7: Leading the Circular Economy Revolution
Leading the Circular Economy Revolution Our path to circularity began in 1990, when the Group started Linear Recycling Circular recovering “lactamic waters” produced during the polymerisation process. Since then, we have invested time and money to “close the Economy Economy Economy loop” through cut
Slide 8: Company Strengths
Company Strengths A successful Business Pioneer of Circularity Glocal. Model. Proprietary with the ECONYL® A Global Company technology with Regeneration System, with continuous R&D producing sustainable local productions. innovation. Manufacturing fibers and polymers from and operational excellence
Slide 9: ECONYL® Regeneration System
ECONYL® Regeneration System • ECONYL® nylon is 100% coming from waste. No fossil oil used! • It has the same quality and performance as standard nylon. Infinitely regenerable! • Unique proprietary technology. • In the past years, its growth rate has been on average more than 2.5 higher than traditio
Slide 10: ECONYL®: Our Source Of (Sustainable) Competitive Advantage
ECONYL ® : Our Source Of (Sustainable) Competitive Advantage
Slide 11: WASTE IN
WASTE IN ECONYL® nylon is made from waste otherwise destined for the landfill
Slide 12: NO WASTE OUT
rf NO WASTE OUT
Slide 13: Our Main 2025 Environmental Targets
Our Main 2025 Enviromental Targets 60% Of Revenues Generated By Fibers From ECONYL® Branded Products 35,000 Tons Of Post consumer Waste Collected Annually Water Consumption Reduced By 30% Compared To 2018 13
Slide 14: Our path to Sustainability
Our path to Sustainability RETHINKING PRODUCTS IN A CIRCULAR PERSPECTIVE Innovating products to make them more Since 2008, we have formalized our commitment in our ECO PLEDGE®, and more circular, giving new life to waste a set of five principles that guide and inspire all the work of the Group. mate
Slide 15: Our Top 2021 Achievements
Aquafil is a top Italian Sustainalytics considers After joining the Circular Economy the company’s Ellen McArthur Our Top 2021 Achievements excellence according to Symbola and Enel’s management of ESG material risk as strong. We Foundation in 2020, our Group report, “100 Italian improved our ESG ran
Slide 16: Financial Results
Financial Results
Slide 17: 9M22 – Key Message
9M22 – Key Message 9M22 General Results Sharply increasing compared to 9M21 • Revenues +26,4% vs 9M21 • EBITDA +23% vs 9M21 ECONYL® Branded Products • Revenues up by 64,5% vs 9M21 • 43,5% of revenues generated by fibers Aquafil Chile incorporated Benefit company Bluloop to expand procurement S.r.L.
Slide 18: 9M22 – Key Message
9M22 – Key Message Revenues EBITDA Net profit NFP 2022 2021 Δ% 2022 2021 Δ% 2022 2021 Δ% 30.09.22 31.12.21 Δ% 9M 529,9 419,3 26,4% 73,2 59,6 22,9% 26,1 14,3 83,3% (231,5) (179,3) -29,1% % on Revenues 13,8% 14,2% 4,9% 3,4% 3Q 178,9 144,6 23,7% 21,7 20,2 7,2% 8,5 5,3 58,3% % on Revenues 12,1% 14,0% 4,
Slide 19: Revenues by Product Line
Revenues CARPET YARN TEXTILE YARN POLYMERS Breakdown by Product Line 2022 2021 8,6% 14,6% 9M 20,5% 21,3% 70,8% 64,1% 8,4% 15,5% 3Q 17,4% 21,5% 74,2% 63,0%
Slide 20: Revenues by Area
Revenues EMEA USA ASIA & OCEANIA Breakdown by Area 2022 2021 9M 15,6% 17,2% 29,1% 22,0% 55,3% 60,8% 3Q 16,9% 15,8% 23,5% 33,5% 60,7% 49,6%
Slide 21: Revenues: ECONYL® Nylon vs Other Fibers
Revenues OTHER FIBERS ECONYL ® NYLON ECONYL® regenerated nylon 2022 2021 9M Strong growth +65% vs 9M21 due to 56,5% price increase and higher quantities 64,1% driven by: • BCF fiber: higher demand in contract sector 43,5% 35,9% • NTF: higher demand from fashion brands 3Q 54,2% 62,7% 45,8% 37,3%
Slide 22: P&L – KPI
P&L – KPI 9M 3Q 2022 2021 Δ% 2022 2021 Δ% Revenues 529,9 419,3 26,4% 178,9 144,6 23,7% EBITDA 73,2 59,6 22,9% 21,7 20,2 7,2% % on net Sales 13,8% 14,2% 12,1% 14,0% EBIT 32,4 22,3 45,1% 7,9 8,3 -5,1% % on net Sales 6,1% 5,3% 4,4% 5,7% 33,0 18,0 83,6% 8,9 7,0 26,8% EBT 6,2% 4,3% 4,9% 4,8% % on net Sal
Slide 23: NFP – NFP on EBITDA
NFP – NFP on EBITDA 30 SEP 22 31 DEC 21 NFP • NFP on 30th September 2022 equal to 231,5 €/mil, higher of ca 13% compared to 31st 231,5 December 2021 179,3 • Ratio NPF/EBITDA LTM at 2,70x RATIO 2,70 2,49
Slide 24: NFP
NFP Increase of NWC mainly driven by inventory NWC growth driven by increase of inventory value due to: • higher unitary cost of raw material • increase of raw material quantities 30.09.2022
Slide 25: 2022 Outlook
2022 Outlook As a result of the different global political and macroeconomic contexts, it is appropriate to analyze the Group’s performance separately in the different geographical areas where it operates in order to provide a more comprehensively information on its performance. EMEA is showing the
Slide 26: Corporate Governance And Ownership Structure
Giulio Bonazzi Franco Rossi Margherita Zambon Chairman and CEO Director Director Attilio Annoni Silvia Bonazzi Francesco Profumo Executive Director Director Director Corporate Governance And Ownership Structure Stefano Lor Simona Heidempergher Ilaria Maria Dalla Riva Director Director Director
Slide 27: Definition
Definition «FIRST CHOICE REVENUES» NFP “First choice revenues” are revenues generated by the sale of fiber and polymers, gross of any adjustments (for example, discounts This was calculated as per Consob Communication of July 28, 2006 and allowances), but excluding revenues generated by “non-first a
Slide 28: Appendix: Consolidated Income Statements
Appendix Consolidate Income Statements
Slide 29: Consolidated Income Statements – Revenues 9M
Appendix Consolidate Income Statements – Revenues 9M
Slide 30: Consolidated Income Statements – EBITDA & EBITDA Adj
Appendix Consolidate Income Statements – EBITDA & EBITD Adj
Slide 31: Consolidated Balance Sheet (1)
Appendix Consolidate Balance Sheet (1)
Slide 32: Consolidated Balance Sheet (2)
Appendix Consolidate Balance Sheet (2)
Slide 33: Net Financial Position
Appendix Net Financial Position
Slide 34: Consolidated Cash Flow Statement (1)
Appendix Consolidated Cash Flow Statement (1)
Slide 35: Consolidated Cash Flow Statement (2)
Appendix Consolidated Cash Flow Statement (2)
Slide 36: www.aquafil.com www.econyl.com www.dryarn.com
www.aquafil.com www.econyl.com www.dryarn.com
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