Slide 1: 9M 2022 Results
9M 2022 RESULTS TOWARDS A CLEANER FUTURE, TOGETHER INNOVATEC GROUP 18 November 2022
Slide 2: Solid performance in all key indicators
SOLID PERFORMANCE IN ALL KEY INDICATORS ▪ Execution of the growth strategy in line with the BP22-24 trends REVENUES €M 222 (PF21 FY: €M 238) ▪ Prompt reaction to new scenarios ▪ Timely M&A deals EBITDA €M 27 (PF21 FY: €M 33) ▪ Asset base consolidation EBIT €M 15.6 (PF21 FY: €M 10.7) ▪ Business verti
Slide 3: 2022 Achievements
2022 ACHIEVEMENTS 9M22 Rev: €M EBITDA: €M . EBIT%: 7.0% FRISBI ENERGY RESELLING 30% NEW PV ACQUISITION Business unit + ‘ 4€ m Target ALBARUM PV PROJECTS STRENGTHENING 100% AQUISITION SALES NETWORK. 140 PARTNERS 29.58% INTEGRATION ACQUISITION €78M ECOBONUS 110% EE RENEWABLES REVENUES OFFERS RAEE TREA
Slide 4: 9M22 at a glance
9M22 AT A GLANCE REVENUES (€M) CAPEX M&A and HR 237.8 222.3 CAPEX 12.4M€ Capex M&A M&A 15.9M€ PF21 FY* 9M22 * PF FY figures include COBAT results 9M22 + 30% EBITDA and EBIT (€M) 338 +78 people 32.9 260 +32 EE 27.1 +46 CE 13.8% 12.2% 15.6 10.7 7.0% 4.5% PF21 FY 9M22 PF21 FY* 9M22 A SOUND SET OF RESUL
Slide 5: 9M22 at a glance: EBIT
9M22 AT A GLANCE EBIT (€M) EBITDA CONVERTION TO EBIT (€M) + 43% YTD +46% 27.1 10.8 15.6 0.1 0.7 15.6 10.7 7.0% 7.5 4.6% 4.5% EBITDA A&D A&D A&D EBIT CE EE H PF20 FY* PF21 FY* 9M22 * PF figures include COBAT results 9M22 EBIT MARGIN INCREASE TO 7% +46% VS PF21 FY 5
Slide 6: Key figures P&L
KEY FIGURES P&L HIGHLIGHTS Revenues €M 222.3 1 €m ✓ Organic growth in Environmental & Circular business % on % on 31-Dec-21 % on thanks to volumes and prices. Disposal activities volumes 30-Sep-22 30-Jun-22 Re ve nue s Re ve nue s Pro-Forma Re ve nue s decreased as forecasted while price increased i
Slide 7: NFP & Cash Flow
NFP & CASH FLOW NET FINANCIAL POSITION CUMULATED CASH FLOW (€M) Cash; 7.4M 20,0 27,0 INV 3.0M Cash; 10,0 25M -10M€ -44M€ ,0 HV Adj. Debt; 38 -10,0 -10,0 -27,2 -20,0 INV 3M Debt; -30,0 -15,9 54.4M 6,2 HV Adj. 2021 SEPTEMBER 22 -40,0 -12,4 -7,7 -4,0 -44,0 +34M€ Debt -50,0 NFP21 9M22 EBITDA NWC M&A Cap
Slide 8: 9M22 NFP
9M22 NFP HIGHLIGHTS 1 Cash on hand decreased to €M 7.4 The Group continues to maintain a adequate liquidity for incoming capex expenditures as well as per risk management purposes €m 31-Dec-21 2 €M 16.4 Financial Debt Increase NFP 30-Sep-22 30-Jun-22 Δ Pro-Forma Due to Banca Progetto new €M addition
Slide 9: 4Q22 Focus Areas
1 HouseVerde ➢ Independent villas projects finalization ➢ Additional credit lines for ecobonus tax credit assignments ➢ Managing pricing structure shift on ecobonus projects and offering 4Q22 FOCUS AREAS 2 Photovoltaic BU ➢ Project “take off” 3 Environment & Circular Economy ➢ Review pricing in orde