Recupero Etico Sostenibile S.p.a · MIL:RES
Recupero Etico Sostenibile — Investor Presentation (October 2024)
25 slides from Recupero Etico Sostenibile's investor presentation, October 2024
Slide 1: Company Presentation
Company Presentation
Slide 2: Agenda
1 Overview 2 Business Model 3 Strategy & Investment Highlights 3 4 Key Financials 5 Competitive Landscape 2
Slide 3: Overview
Overview RES S.p.A. has been operating in the circular economy and environmental sustainability sector for over 30 years. The company deals with the entire process of waste management Strategic Geographic position from selection to functional treatment and transformation to the regeneration and reco
Slide 4: From 1989 to IPO
From 1989 to IPO TMB plant permit and • Authorisation landfill permit granted for an adaptation pursuant to integrated Legislative Decree plastics sorting 36/2003 and recycling centre in Pettoranello del Molise The region of Molise • Corporate issues the first landfill Presentation of demerger autho
Slide 5: From IPO to 2026
From IPO to 2026 2025 • Start up of the photovoltaic plant of 2,7 06/2024 MW feeding the 03/2024 • Start up of the hydrogen production • RES-Energia project: the mechanical and of the hydrogen 11/2023 process for the 1 MW recycling plant in refueling station • Obtaining a €8m bank loan photovoltaic
Slide 6: Organizational Structure
Organizational Structure Antonio Antonio Maria Serena Invitalia Valerio Valerio Mercato Valerio Vespoli S.p.A. (1973) (1972) 38,58% 19,69% 19,69% 0,79% 7,44% 13,81% BOARD OF DIRECTORS President Maria Valerio CEO Independent Director Antonio Valerio (1973) Enrico Testa 100% 100% Independent Director
Slide 7: Agenda
1 Overview 2 Business Model 3 Strategy & Investment Highlights 4 Key Financials 5 Competitive Landscape 7
Slide 8: Business Model
Business Model • RES is vertically integrated across the entire waste supply chain, overseeing every phase of waste lifecycle. Tasks carried out by • The Company business model focuses on waste management ; passing from entry as waste and exixting the plant in the form of a RES resource: SELECTION/
Slide 9: End-to-End control of the whole value chain
End-to-End control of the whole value chain RES is one of the few companies to be present in every phase of the waste management cycle, guaranteeing cost efficiency and operational flexibility. Recovery of materials and / or energy Collection Selection / Treatament Disposal production Municipalities
Slide 10: Business Units
4 Business Units Plastic products Plastic granulates Plastic Mechanical recycling recycling bin Plastic products Biowaste Mechanical recycling plant Collection & sorting Pyrolityc Biowaste Plastic Compost oil Chemical bin recycling Organic recycling bin recycling Solar Energy Chemical Collection Org
Slide 11: Authorized Quantities
Plant Equipment Pozzilli Tufo Colonoco Pettoranello To be finalized by 2026 Two photovoltaic Plastic advanced Plastic Chemical Selection Plant for Composting and Biogas Plant Systems R&D Centre TMB Plant for Landfill selection & washing Recycling plant SSF production biostabilisation (625 kWp) (988
Slide 12: Agenda
1 Overview 2 Business Model 3 Strategy & Investment Highlights 4 Key Financials 5 Competitive Landscape 12
Slide 13: Strategy
Strategy Strenghtening our innovative positiong into Circular Economy and Sustainability industry, by: • Landfill Mining and landfill inspection through non invasive innovative solutions • Further investments into chemical recycling of plastic waste • Hydrogen production from organic waste • Recover
Slide 14: Future Investments
Future Investments RES TODAY ACTION PLAN RATIONALE RES TOMORROW Making the Pettoranello site an Mechanical Recycling Mechanical Recycling innovative hub for plastic recovery and Plastic Plastic advanced Plastic flakes a ref. point for the transformation and + selection & Products washing and and p
Slide 15: Pettoranello del Molise
Pettoranello del Molise Innovative hub for plastic recovery With the aim of becoming a reference point for advanced and innovative plastic recycling in Italy, the construction of the pyrolysis plant will complete the innovative hub for plastic recovery in Pettoranello, creating a cutting-edge model
Slide 16: Hydrogen production plant
Hydrogen production plant Strengthening RES position in green energy production, renewing vehicles with new hydrogen-powered ones and providing the HQ in Pettoranello with a renewable hydrogen plant powered by photovoltaic energy The project involves the construction of an advanced 1008 kWp hydrogen
Slide 17: Photovoltaic plant, energy community
Photovoltaic plant, energy community The project called “Energia in Comune” promoted by RES aims at transforming a former industrial site into a renewable energy hub, creating environmental and social benefits for the community of Pozzilli. • The construction of several photovoltaic plants for a tot
Slide 18: Recovery of car components
Recovery of car components RES is developing an advanced and fully automated car component demolition and recovery plant on the same former Fonderghisa site, with the aim of further promoting environmental sustainability through the efficient recycling of materials, reducing the environmental impact
Slide 19: New Projects / M&A
NEW PROJECTS / M&A • The research contract between the Department of Physics of the University of Naples, Federico II, and RES (duration of 12 months starting from January 2024) states that the Department, under the guidance of Prof. Giovanni De Lellis, Landfill Mining & conducts a feasibility study
Slide 20: Agenda
1 Overview 2 Business Model 3 Strategy & Investment Highlights 4 Key Financials 5 Competitive Landscape 20
Slide 21: Consolidated Profit & Loss and Balance Sheet
Consolidated Profit & Loss Consolidated Balance Sheet (€’000) 30.06.2024 30.06.2023 Var % (€’000) 30.06.2024 31.12.2023 Var. Service Revenue 13.838 9.413 47,0% Fixed Assets 35.302 30.346 5.056 Other Revenue 1.259 545 131% Turnover 15.097 9.958 51,6% Current Assets 15.789 12.444 3.345 Prod Costs & Op
Slide 22: 2024 Guidance & 2026 Target
2024 Guidance & 2026 Target IPO GUIDANCE CONFIRMED: EBITDA ADJUSTED FY2024 AT €11M Key Financials 28 21 18 11 5 3 FATTURATO EBITDA Adjusted FY22 FY23 FY24BP TARGET 2026 • TURNOVER €37m – €40m • EBITDA Margin Adjusted 36% - 38% 22
Slide 23: Stock Price Performance
Stock Price Performance STOCK QUOTE 14.00 90,000 Prezzo di riferimento 12.40 € 80,000 12.00 Data Ultimo Contratto: 18/10/2024 70,000 10.00 Numero Azioni (escl PAS) 10,7m 60,000 8.00 50,000 Capitalizzazione di Mercato (€'000) 132,680 € 6.00 40,000 Flottante 13,8% 30,000 4.00 Performance dalla quotazi
Slide 24: Agenda
1 Overview 2 Business Model 3 Strategy & Investment Highlights 4 Key Financials 5 Competitive Landscape 24
Slide 25: Competitive Landscape
Competitive Landscape The waste management sector in Italy is made up of companies with very different characteristics in terms of size, business, presence along the supply chain, ownership structures and territory served, mainly attributable to the following categories: • Large multi-utilities: pub
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