Ecomembrane S.p.a. · MIL:ECMB
Ecomembrane — FY2023 Earnings Presentation
11 slides from Ecomembrane's earnings presentation, April 2024
Slide 1: FY2023 Results Presentation
FY2023 Results Presentation
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by Ecomembrane SpA (“Ecomembrane SpA” or the “Company”) solely for this presentation and does not represent any investment research, recommendation, consulting or suggestion, concerning the Company or its shares or any other securities/financial instruments
Slide 3: Today's Presenters
TODAY’S PRESENTERS LORENZO SPEDINI PAOLO GIARDINO Chief Executive Officer Chief Financial Officer Founder of Ecomembrane Pluriannual experience as CFO in +20 years of experience in the Renewable Energy and Helthcare renewable energies field companies 3
Slide 4: A Partner of Choice in the Design and Production of Membrane Gasholders
A PARTNER OF CHOICE IN THE DESIGN AND PRODUCTION OF MEMBRANE GASHOLDERS A Mission-critical partner… Ecomembrane at a glance Tailor made production Manufacturing of gasholders, digester covers and odor control covers of any size, using performance guaranteed PVC coated membranes 10 >1200 The highest
Slide 5: A Compelling Equity Proposition
A COMPELLING EQUITY PROPOSITION Product and technology at the centre of the green energy transition: end markets (biogas and 1 biomethane plants, storage plants) with significant growth perspective Undisputed product portfolio and brand recognition: one-stop-shop approach and 2 mission-critical tech
Slide 6: Well-Diversified Proposition Across Different Product Lines
WELL-DIVERSIFIED PROPOSITION ACROSS DIFFERENT PRODUCT LINES… Product portfolio… An invaluable result of history, experience and innovation 360° production of all necessary Best-in-class technical competence components SPECIAL 2&3 MASTER CUPOLA M3 SHAPES HIGH QUALITY ORIGINALITY CUPOLA M3 2MASTER ON
Slide 7: Tightly Controlled Value Chain: Speed, Reliability and Innovation
TIGHTLY CONTROLLED VALUE CHAIN: SPEED, RELIABILITY AND INNOVATION BEST-IN-CLASS KNOW-HOW FULL CONTROL OF THE VALUE CHAIN GLOBAL MARKET PRESENCE ✓ Tailor –made design ✓ Raw material purchase Innovation Internal ✓ Testing and cutting ✓ High-frequency welding High Long-Lasting Quality Partnership ✓ Com
Slide 8: Our Key Achievements After the IPO
OUR KEY ACHIEVEMENTS AFTER THE IPO Significant initiatives that are constantly enriching Ecomembrane business model • Ongoing construction of the world's largest gasometer, a highly-technological project that New Order for CO2 gasometer has already secured Ecomembrane c. €400k in revenues in 2023 ,
Slide 9: Updated Group Structure
UPDATED GROUP STRUCTURE Group Structure Free Float on Lorenzo Spedini Luigi Spedini Euronext Growth Milan 50.4% 8.6% 41.0% Consolidated subsidiary 100% 55% Ecomembrane LLC SBS Solar Consolidated subsidiary 100% Splash SuperPools Ltd Source: Group information 9
Slide 10: FY2023 Financial Performance Affected by the New Structure
FY2023 FINANCIAL PERFORMANCE AFFECTED BY THE NEW STRUCTURE Sales (€m) Gross profit (€m) EBITDA (€m) Net Financial Position (€m) Gross margin (%) EBITDA margin (%) Leverage (x) 62% 61% 58% 23% 15.3 21% 0.8x 0.4x 0.3x cash 14.2 49% 14% 13% 11.7 10.5 1.2 0.9 1.0 8.7 8.9 7.2 5.1 3.2 2.4 2.0 1.5 (5.8) 20
Slide 11: What We Expect for the Near Future
WHAT WE EXPECT FOR THE NEAR FUTURE Key growth drivers Actual tender scenario(1) Strong wave of biomethane incentives 2022 2023 2024 Duration Different operators awarded in the 1st and 2nd tender, period withdrawn to participate in the 3rd one. Two rankings Date #. % Date #. % Date #. % Opening Proce