Envipco Holding N.V. · EURONEXT:ENVI
Envipco — Q3 2021 Earnings Presentation
21 slides from Envipco's earnings presentation, Nov 18, 2021
Slide 1: Q3 2021 results
Q3 2021 results November 18, 2021 1
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION may contain forward looking statements. These statements are based on current expectations, estimates and projections of Envipco’s management and information currently available to the company. Envipco cautions that such statements contain elements of risk and uncertaint
Slide 3: Presenting team
Presenting team SIMON BOLTON DERK VISSER BOB LINCOLN CEO Group CFO President, COO 3
Slide 4: Agenda
Agenda Highlights Strategic review Operations Outlook and Summary Q&A 4
Slide 5: Operational highlights
Operational highlights Business opportunities from new legislation Increased commercial activity in Europe in North America Supply and services contract awarded in Malta Strong sales order book for Q4’21 and 2022 Growing service revenue and building backlog in Sales order of 300 machines rec
Slide 6: Key financials
Key financials Revenue EBITDA EUR million EUR million +4% 9.5 3,4 9.1 8.3 8.2 1,7 YoY growth limited by currency 1,4 7.9 adjustments 1,7 1,4 2,6 1,3 Eur 0.5m positive translation reserve in Q3’20 vs negative EURm 0.2m in Q3’21 EBITDA peak in Q1’21 due to 7,8 1,5 other non-recurring revenue 7,7
Slide 7: Strategic review
Strategic review 7
Slide 8: This is Envipco
This is Envipco About Envipco Envipco is a recycling technology company. Over four decades of Founded in Machines installed Listed in experience delivering reverse vending machines (RVMs) to leading customers 1982 >8000 across the world. We bring a broad technology portfolio, an agile and partnershi
Slide 9: Our purpose
Our purpose Vision Mission Values Vision Emerging as the forward-thinking leader, we continuously invest in developing and Commitment At Envipco, we are creating a offering innovative technology solutions for Reliability, authenticity, and cleaner world for drinks packaging recycling. integrity futu
Slide 10: Our strategy is based on six pillars
Our strategy is based on six pillars Bringing to market innovative Delivering outstanding Engaging growth markets and superior products solutions for our customers Developing ambitious and Building and growing Relentlessly improving talented people sustainable alliances performance 10
Slide 11: We offer an advanced and specialised product portfolio
We offer an advanced and specialised product portfolio PRODUCT KEY FEATURES TARGET MARKET 40 containers/min Convenience stores FLEX Small Footprint (60cm wide) Gas stations Smallest, low-cost RVM Glass side sort option Schools 42 containers/min ULTRA Supermarkets Single commodity fee
Slide 12: Key volume drivers
Key volume drivers Legislation Global drive to Circularity European ‘Green Deal’ and legislation needs recycling solutions Awareness Production capacity Increased awareness of Volume drivers High production capacity, importance of recycling enabling short term delivery Market expansion Entering new
Slide 13: Significant market growth towards and beyond 2025
Significant market growth towards and beyond 2025 Strategic priorities EUROPE New opportunities NORTH AMERICA materializing in Europe +195.000 Next growth phase in the US 255.000 +15.000 60.000 36.000 21.000 2019 2025 2019 2025 13 Source: Company Estimates, ReLoop 2018-20
Slide 14: Operations
Operations 14
Slide 15: Progress in North America
Progress in North America Revenue North America EUR million 7.7 7.8 0,6 0,6 6.8 6.6 6.8 Strong momentum with 16% growth since QoQ 0,4 0,9 YTD sales up 6% (13% currency adjusted) compared to 1,2 2020 reaching EUR 21.3m Covid and slow return to full re-opening continues to have an impact on prog
Slide 16: Strategic priorities North America
Strategic priorities North America Key opportunity to expand in North America from our core base Strengthening order book for Q4’21 and 2022 Connecticut modernized bottle-bill providing further opportunities with retailers Massachusetts expansion to include water bottles gaining traction E
Slide 17: Progress in Europe
Progress in Europe Revenue Europe EUR million 1.7 1.4 0,4 Strong momentum with 21% growth from Q2’21 1.4 1.3 to Q3’21 1.3 0,4 0,3 YTD sales up 57% compared to 2020 reaching 0,3 0,4 EUR 4.4m Growth driven by increased sales in Sweden Swedish machine sales improved by 63% and 1,3 service reven
Slide 18: Strategic priorities in Europe
Strategic priorities in Europe Key opportunities Targeting new European DRS markets Commercial activities currently progressing in Malta, Malta Portugal Portugal, Romania, UK, Ireland and Slovakia Awarded contract by DRS (TAM 3-5k units) Further opportunities in Europe and ROW to follow Oper
Slide 19: Outlook and Summary
Outlook and Summary 19
Slide 20: Outlook and Summary
Outlook and Summary Long-term Growth Target 5x+ Strong sales momentum with solid pipeline Sales of 300 machines in Connecticut, more opportunities with retailers Market share – New Markets High commercial activity in new European countries 30% + Malta tender award Expected growth in North
Slide 21: Next event: 4th quarter 2021 results February 24, 2022
Next event: 4th quarter 2021 results February 24, 2022 21