Aquafil Spa · MIL:ECNL
Aquafil Spa — Italian Sustainability Week 2021
70 slides from Aquafil Spa's conference presentation, Jul 1, 2021
Slide 1: Aquafil Group – Italian Sustainability Week 2021
Aquafil Group Italian Sustainability Week 2021 1st July 2021
Slide 2: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 3: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 4: Aquafil at glance
Aquafil at glance • A global Group with proximity to clients ‒ 18 plants in 3 continents and 8 countries ‒ in 2020, above 2.600 employees, € 437m of revenues and € 58m of EBITDA • Market leader in nylon for fiber for carpet flooring (BCF products), fabrics (NTF products) and polymers for EP and mold
Slide 5: Aquafil at glance – A global Group with proximity to clients
Aquafil at glance – A global Group with proximity to clients USA EUROPE ASIA PACIFIC Cartersville – Georgia ITALY CHINA Aquafil USA 1 & 2 Arco, Cares and Rovereto Jiaxing Aquafil Headquarter Aquafil Jiaxing Phoenix - Arizona Tessilquattro Aquafil Carpet Recycling ACR#1 JAPAN Aquafil Carpet Collectio
Slide 6: Aquafil at glance – Product lines
Aquafil at glance – Product lines KEY APPLICATIONS % on 2020 REVENUES Fiber for carpet flooring 70% BCF Product Fiber for fabric 22% NTF Product Industrial Molding Polymers EP Product 8% 6
Slide 7: Aquafil at glance – Business model
Aquafil at glance – Business model Raw Final Production Distribution Clients Material application BCF Flooring Solutions Selected Manufacturers Application Users Production and finishing of premium synthetic yarns, Contract principally Nylon 6, for Direct sale / Standard Caprolactam flooring solutio
Slide 8: Aquafil at glance – 50 years of growth – Key milestones
Aquafil at glance – 50 years of growth – Key milestones 1965 1988 1995 1999 2007 2010 Aquafil foundation Establishment of Acquisition of Establishment of Establishment of Establishment of Aquafil Engineering AquafilSLO Aquafil USA Aquafil Asia Pacific Aquafil China in Germany in Thailand 2011 2017 2
Slide 9: Fortune's 2019 Change the World List: Companies to Watch
Aquafil at glance – A Company to change the world MAGAZINE CHANGE THE WORLD Fortune’s 2019 Change the World List: Companies to Watch By Matthew Heimer and Erika Fry 19 August 2019 “Burberry and Prada both recently launched collections featuring ECONYL®, a recycled nylon that this Italian yarn manufa
Slide 10: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 11: Sustainability path – Driven by vision and business model
Sustainability path – Driven by vision and business model • Journey to circularity started with a deep business model review to prepare Group to next decades evolution based on cultural sensitiveness to environmental topics and Group R&D and technological strengths • Aquafil correctly identified fut
Slide 12: Sustainability path – Driven by vision and business model
Sustainability path – Driven by vision and business model 12
Slide 13: Sustainability path – A journey started in 1990
Sustainability path – A journey started in 1990 1990 1998 2007 2008 2011 2013 «Lactamic waters» Waste recovery The Eco Pledge® «Energy & ECONYL® «The Healthy Seas – A recovery from for techno polymers foundation Recycling» team: Regeneration System: journey from Waste to polymerization production de
Slide 14: Sustainability path – A journey started in 1990
Sustainability path – A journey started in 1990 • The milestones 2007 2011 2019-20 14
Slide 15: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 16: The ECO PLEDGE®
The ECO PLEDGE® RETHINKING PRODUCTS IN A CIRCULAR PERSPECTIVE SUPPORT LOCAL Innovating products to make them more COMMUNITIES and more circular, giving new life to waste materials, in an infinite cycle. Grow in harmony with local communities, promoting a prosperous and respectful development of thei
Slide 17: The ECO PLEDGE®
The ECO PLEDGE® SUSTAINABILITY PILLARS IMPROVEMENT AREAS TOPICS • Creation of new sustainable value chains • Creation of a new recycled products/ RE THINKING PRODUCTS IN A materials (PP, copper) CIRCULAR PERSPECTIVE • Research other sustainable value chains • Bio bases nylon • Investment in energy f
Slide 18: The ECO PLEDGE® – SDGs and GRI alignment
The ECO PLEDGE® – SDGs and GRI alignment SUSTAINABILITY PILLARS SUPPORTED SDGS SUPPORTED GRI RE THINKING PRODUCTS IN A Until now no GRI related CIRCULAR PERSPECTIVE to new material development PROTECTING THE ENVIRONMENT 302-1:2016 | 303-3:2018 303-4:2016 | 307-1:2016 ATTENTION TO THE WELL-BEING OF T
Slide 19: The ECO PLEDGE® – Re-thinking products
The ECO PLEDGE® – Re-thinking products • Eco-Design aim is to create products which “will come back” because are conceived and built to become future resources and not wastes • Collaboration on the entire value chain is the crucial successful driver TARKETT NAPAPIJRI CORAL EYEWEAR Closing the loop i
Slide 20: The ECO PLEDGE® – Protecting the environment
The ECO PLEDGE® – Protecting the environment • Aquafil is committed to respect the environment in every phase of its own production process 302-1:2016 | 303-3:2018 303- 4:2018 | 305-1:2016 305-2:2016 | • Therefore, activities and to reduce impacts and recover energy 306-3:2020 are constant among yea
Slide 21: The ECO PLEDGE® – Supply chain share responsibility
The ECO PLEDGE® – Supply chain share responsibility • Aquafil establish solid relationships with its customers and suppliers, based on the commitment and desire to improve together, 307-1:2016 | 308-1:2016 413- 1:2016 | 414-1:2016 leveraging on constant comparison and collaboration • Some example of
Slide 22: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 23: ECONYL®
ECONYL® • ECONYL® regenerated nylon is 100% recycled yarn made of plastic waste such as fishing nets, industrial scraps and used carpets • 37% of Aquafil fiber turnover in 2020 23
Slide 24: ECONYL® – Steps
ECONYL® – Steps • Step 1: rescue ‒ The ECONYL® Regeneration System starts with rescuing waste, like fishing nets, fabric scraps, carpet flooring and industrial plastic from all over the world ‒ That waste is then sorted and cleaned to recover all of the nylon possible • Step 2: regenerate ‒ Through
Slide 25: ECONYL® – A consistent growth
ECONYL® – A consistent growth 10.0% ECONYL® and “OTHER FIBRES” • 2015-2019: consistent historical growth delivery GROWTH RATE (1) 7.5% – average increase was more than 2x total fibres growth – % on net sales increased from 32.5% to 37.5% 5.0% 6.4% 2.5% • 2020 decreased related to COVID impact in BCF
Slide 26: ECONYL® – A consistent growth
ECONYL® – A consistent growth • Partner sharing same “circularity” vision were attracted by ECONYL® value proposition 26
Slide 27: ECONYL® – A consistent growth – Drivers
ECONYL® – A consistent growth – Drivers • Fundamental drivers of these results were – R&D activities – Industrial capacity increase – Creation of nylon waste reverse logistic platform ‒ Innovative marketing activities 27
Slide 28: ECONYL® – A consistent growth – R&D activities
ECONYL® – A consistent growth – R&D activities • Usual R&D activities shown us new opportunities in Group production process Recovery of the lactamic water 1990 Recovery of internal PA6 discard 1998 1998 Pre-consumer discard 2007 Post-consumer discard 2011 As reported in the EPD of the ECONYL(R) pol
Slide 29: ECONYL® – A consistent growth – Industrial capacity increase
ECONYL® – A consistent growth – Industrial capacity increase • Circularity is one of the milestones of Group CAPEX process – Support development and environmental KPI targets achievements • The capability to increase ECONYL® capacity, especially in Ljubljana, allowed to consistently follow demand gr
Slide 30: ECONYL® – Nylon waste reverse logistic platform
ECONYL® – A consistent growth – Nylon waste reverse logistic platform • Group was able to built a nylon “reverse” supply chain to collect raw materials for ECONYL® to create a stable and competitive quantity of nylon waste to be supplied to the regeneration plant in Slovenia – Pre consumer waste – C
Slide 31: ECONYL® – Innovating marketing activities
ECONYL® – A consistent growth – Innovating marketing activities • Aquafil products are ingredients incorporated into final client products and therefore are not visible to end consumer • Since its launch, ECONYL® ingredient proved to be the perfect fit for a different marketing strategy: a strong in
Slide 32: ECONYL® – Innovating marketing activities
ECONYL® – A consistent growth – Innovating marketing activities • “Traditional” marketing strategies ‒ B2B strategy: building marketing towards chain next link through a narrow and single-sided customer- supplier relationship – Multilevel Ingredient strategy (“pull strategy”): product demand is crea
Slide 33: ECONYL® – Innovating marketing activities
ECONYL® – A consistent growth – Innovating marketing activities • ECONYL® branding strategies ‒ Targeted only on the final brand, this approach surpasses limitations and dangers of a too narrow and single-sided customer-supplier relationship ‒ Selling process is based on partnerships and direct comm
Slide 34: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 47 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 56 4.4. 1Q2021 DETAILS 59 5. CO
Slide 35: 2021 Outlook – Trading updating – April YTD above 2019
2021 Outlook – Trading updating – April YTD above 2019 • April data are not meaningful due to the peak of the pandemic outbreak in 2Q2020 ‒ April YTD volume are up by around 17% compared to 2020 and by 4% compared to 2019 • Despite the difficult comparison, for the next months some trends are clear
Slide 36: 2021 Outlook – 2021 Group expectation supported
2021 Outlook – 2021 Group expectation supported • Despite the still ongoing restrictive measures across several countries where Aquafil is present and the fact that some product lines applications are still impacted by the pandemic, the Group expects the market to gradually normalize throughout the
Slide 37: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 38: 1Q2021 confirmed Group expectation
1Q2021 confirmed Group expectation REVENUES EBITDA NET PROFIT NFP 2020 2021 ∆% 2020 2021 ∆% 2020 2021 ∆% 2020 2021 ∆% 1QUARTER 140.7 130.6 (7.2%) 1QUARTER 18.2 18.3 0.6% 1QUARTER 4.1 3.5 (14.3%) (218.8) (208.3) (4.8%) % on net s a l es 12.9% 14.0% % on net s a l es 2.9% 2.7% SALES EBITDA NET PROFIT
Slide 39: Revenues – Again positive volume, still negative price impact
Revenues – Again positive volume, still negative price impact • 1Q2021: positive volume trend confirmed – Volume : an increase of 2% compared to a 1Q2020 limited impacted by pandemic (1) – Price: even if with a still negative impact, raw material price influence is partially softening o 2020 versus
Slide 40: Revenues – Polymers offsetting negative comparison effect
Revenues – Polymers offsetting negative comparison effect • 1Q2021: Polymers the best product line – EMEA: “polymers” are compensating contract BCF weakness and Group decision to focus NTF production on high end final application – North America: “contract” BCF weakness only mitigated by “home” NTF
Slide 41: Revenues – Polymers reached 10% of sales
Revenues – Polymers reached 10% of sales REVENUES BREAKDOWN by PRODUCT LINE 120% 100% 7.5% 10.6% 6.9% 80% 23.6% 22.5% 7.3% 7.7% 21.4% 60% 22.1% 40% 68.9% 66.9% 20% 73% 71.7% 0% 1Q2020 1Q2021 BCF NTF Polymers REVENUES BREAKDOWN by MACRO AREA 120% 100% 15.0% 19.7% 80% 24.1% 21.2% 60% 40% 60.9% 59.1% 2
Slide 42: Revenues – ECONYL® – NTF ongoing strong performance
Revenues – ECONYL® – NTF ongoing strong performance • 1Q2021: tough comparison effect for a strong 1Q2020 – 2020 business lines trend confirmed: ▪ NTF up by almost 15% ▪ BCF down by around 27% due to “contract” BCF ECONYL® DETAILS – INCIDENCE ON REVENUES (1) 120% 100% 80% 37.9% 32.5% 46,2% 60% 37.4%
Slide 43: Revenues – Still negative impact of price adjustment
Revenues – Still negative impact of price adjustment 1 QUARTER BCF NTF POLYMERS TOTAL 2021 2020 ∆ ∆% 2021 2020 ∆ ∆% 2021 2020 ∆ ∆% 2021 2020 ∆ ∆% EMEA 43.4 52.4 (9.0) (17.2%) 21.3 24.9 (3.6) (14.5%) 12.5 8.4 4.1 48.3% 77.2 85.7 (8.6) (10.0%) North America 19.3 24.9 (5.6) (22.5%) 7.2 6.9 0.3 4.1% 1.2
Slide 44: P&L – Strong operating results
P&L – Strong operating results 1Q • EBITDA: strong Polymers results and ongoing efficiencies actions 2020 2021 ∆% REVENUES 140.7 130.6 (7.2%) • EBIT: slightly higher depreciation but lower one-off costs EBITDA 18.2 18.3 0.6% % on net sales 12.9% 14.0% • NET RESULTS: impact of currency items EBIT 5.2
Slide 45: NFP – Additional 5% improvement
NFP – Additional 5% improvement 400 NFP HISTORICAL EVOLUTION 300 200 250 242 250 157 100 219 208 112 0 2019 2020 1Q2021 NFP EVOLUTION CASH GENERATION: € 10 Data in € milion 45
Slide 46: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 47: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 48: Disclaimer
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 any offer t
Slide 49: Definitions
Definitions “First choice revenues” are revenues generated by the sale of fibers and polymers, gross of any adjustments «FIRST CHOICE (for example, discounts and allowances), but excluding revenues generated by “non-first choice products”, REVENUES» revenues generated by Aquafil Engineering GmbH and
Slide 50: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 51: Projects updating – O'Mara acquisition
Projects updating – O’Mara acquisition • Group acquired O’Mara in June 2019 to enter O’MARA RESULTS EVOLUTION (1-2) 50 North American NTF market – Focus on interiors (furniture and mattresses application) and sportswear supply chain 25 • In the first full year inside the Group, Company 0 2018 2019 2
Slide 52: Projects updating – Bio based nylon project
Projects updating – Bio based nylon project • A pillar of Group “The ECO PLEDGE®” and one of the most relevant initiatives in which the Group takes part – 2 complementary and synergic paths: Genomatica and project EFFECTIVE • Genomatica – Joint technological development to produce the first ever bio
Slide 53: Projects updating – Bio based nylon project
Projects updating – Bio based nylon project • Project EFFECTIVE – Extending Aquafil-Genomatica initiative to the whole supply chain by validating bio-based polyamides and bio-based polyesters from renewable raw materials into large-consumer products o Polymers’ versatility allows application in a wi
Slide 54: Projects updating – ACR#1 and ACR#2
Projects updating – ACR#1 and ACR#2 2017-2019 2020 2021 Plants and organisations Pandemic surge impacted demand ACR#1 and #2 defined and created to have but not improvement efforts activities will be expanded, an ECONYL® supply source whose benefits became more becoming operating units in North Amer
Slide 55: Projects updating – ITOCHU Memorandum of Understanding
Projects updating – ITOCHU Memorandum of Understanding • Main topics around of the working groups • Evaluation of ITOCHU possible support in the fishing nets collection process, in Japan, then in the Asiatic area and finally in other parts of the world FISHING NETS • Considerations on possibility to
Slide 56: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 57: Sector Data – Caprolactam price evolution
Sector Data – Caprolactam price evolution (1) 2018-2020 QUARTERLY PRICE EVOLUTION 2,500 2,000 1,500 1,000 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 (1) €/ton - Source: Tecnon Orbichem - Caprolactam, West Europe price, 57 new contract, molten, monthly average
Slide 58: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 59: Consolidate Income Statements
Consolidate Income Statements CONSOLIDATED INCOME STATEMENT First Quarter of wich First Quarter of wich €/000 2021 non- 2020 non- Revenue 130,640 current 140,714 current of which related parties 13 305 Other Revenue 826 5 481 17 Total Revenue and Other Revenue 131,466 5 141,195 17 Raw Material (62,7
Slide 60: Consolidate Income Statements – EBITDA details
Consolidate Income Statements – EBITDA details First Quarter First Quarter RECONCILIATION FROM NET PROFIT TO EBITDA €/000 2021 2020 Net Profit (Including Portion Attr. to Minority ) 3,494 4,076 Income Taxes 1,215 1,572 Amortisation & Depreciation 11,328 10,833 Write-downs & Write-backs of intangible
Slide 61: Consolidate Balance Sheet
Consolidate Balance Sheet CONSOLIDATED BALANCE SHEET At March 31, At December 31, €/000 2021 2020 Intangible Assets 23,814 23,578 Goodwill 14,234 13,600 Tangible Assets 229,104 229,495 Financial Assets 653 650 of which related parties 318 318 Other Assets 1,686 1,336 Deferred Tax Assets 14,442 14,56
Slide 62: Consolidate Balance Sheet – Gross debt details
Consolidate Balance Sheet – Gross debt details AMOUT COVENANTS ( 2 ) BORROWINGS - 31 March 2021 ISSUE DATE CURRENCY COUPON ( 1 ) MATURITY Total Drawn Undrawn Parameters Reference Check Private Placement B Sept 2018 EUR 4.70% Sept 2028 50 50 0 EBITDA / Net financial charges > 3.5 Net Debt / EBITDA <
Slide 63: Net Financial Position
Net Financial Position NET FINANCIAL DEBT At March 31, At December 31, €/000 2021 2020 A. Cash 187,397 208,954 B. Other cash equivalents - - C. Securities held-for-trading - - D. Liquidity ( A + B + C) 187,397 208,954 E. Current financial receivables 843 834 F. Current bank loans and borrowing (23)
Slide 64: Net Financial Position – Evolution and details
Net Financial Position – Evolution and details 400 NFP EVOLUTION 300 200 250 100 219 208 0 2019 2020 1Q2021 BREAKDOWN by CURRENCY (1) BREAKDOWN by COUPON (1) 45.2% 54.3% 100% Euro USD Fixed Floating Data in € million - (1) Excluding lease liabilities and liquidity 64
Slide 65: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement CASH FLOW STATEMENT At March 31, 2021 At March 31, 2020 €/000 Operation Activities Net Profit (Including Portion Attr. to Minority ) 3,497 4,076 of which related parties -158 151 Income Taxes 1,215 1,572 Financial income -57 -46 Financial charges 2,032 2,206 of which
Slide 66: Index Page
Index Page 1. AQUAFIL AT GLANCE 4 2. SUSTAINABILITY PATH 11 2.1. The ECO PLEDGE® 16 2.2. ECONYL® 23 3. 2021 OUTLOOK & 1Q2021 RESULTS 35 3.1. 2021 OULOOK 35 3.2. 1Q2021 RESULTS 38 4. ANNEX 46 4.1. DISCLAIMER AND DEFINITIONS 48 4.2. PROJECTS UPDATING 51 4.3. SECTOR DATA 57 4.4. 1Q2021 DETAILS 59 5. CO
Slide 67: Ownership Structure & Governance – Ownership Structure
Ownership Structure & Governance – Ownership Structure • A capital structure with 3 type of Shares ‒ Ordinary Share ‒ Share B: dedicated to Giulio Bonazzi family with the same economic right of ordinary share but with 3 voting right for any share ‒ Share C: no transferable, no economic and voting ri
Slide 68: Ownership Structure & Governance – Ownership Structure
Ownership Structure & Governance – Ownership Structure • Main Aquafil’s shareholders is Aquafin Holding S.p.A., holding of Giulio Bonazzi Family ‒ Managers are involved too 68
Slide 69: Ownership Structure & Governance – Governance
Ownership Structure & Governance – Governance BOARD OF DIRECTORS Giulio Bonazzi Chairman and CEO Fabrizio Calenti Adriano Vivaldi Executive Director Executive Director Silvana Bonazzi Franco Rossi Director Director Margherita Zambon Ilaria Maria Dalla Riva Independent Director(1) (6) Independent Dir
Slide 70: Investors Contact
Investors Contact: Karim Tonelli Investor Relations & Performance Management Director karim.tonelli@aquafil.com Mob: +39 348 60 22 950 70