Aquafil Spa · MIL:ECNL
Aquafil Spa — Q1 2019 Earnings Presentation
25 slides from Aquafil Spa's earnings presentation, May 14, 2019
Slide 1: Aquafil Group Financial Results I Quarter 2019
Aquafil Group Financial Results I Quarter 2019 14th May 2019 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Aquafil S.p.A. (“Aquafil” or “Company”) solely to introduce the Company and its business. Neither this presentation nor any part or copy of it may be transmitted into the United States or distributed, directly or indirectly, in the United States, Austral
Slide 3: Index
AQUAFIL JIN synthetic fibres and polymers
Slide 4: Index
Index 1. I Quarter 2019 Highlights 5 2. Key Performance Indicators 7 2a. Focus on Sales 9 3. Aquafil Group at Glance 13 4. I Quarter 2019 Consolidated Financial Statement 19 4
Slide 5: 1. I Quarter 2019 Highlights
1. I Quarter 2019 Highlights 5
Slide 6: Highlights
Highlights REVENUES1 EBITDA NET RESULT N.F.P. (€/mil) (€/mil) (€/mil) (€/mil) Q1 Q1 Q1 Act19 145,3 Act192 19,1 Act19 7,7 Mar192 213,3 Act18 140,8 Act18 22,3 Act18 9,8 Dic18 157,3 % Var % Var % Var 18 to 17 3,2% 18 to 17 -14,2% 18 to 17 21,9% Revenues Q119 Revenues Q119 Revenues Q119 Area Asia Pacifi
Slide 7: 2. Key Performance Indicators
Key Performance Indicators 2. Key Performance Indicators 7
Slide 8: Key Performance Indicators
Key Performance Indicators The Key Performance Indicators of Aquafil Group of Q12019 compared with same period of 2018 are here reported: KPI Q1 Q1 Δ a) Revenues grow by 3.2%, amounting to €145.3 million compared to 2019 - Act 2018 - Act % €140.9 million of Q118 (after IFRS15), as a result of (a) sa
Slide 9: 2a. Focus on Sales
Focus on Sales 2a. Focus on Sales 9
Slide 10: Focus on Sales – Sales by Product Line
Focus on Sales – Sales by Product Line The comparison of amount and percentage of Revenues, broken down by Line of Product realized in first quarter 2019 vs the same period of 2018 is here reported: Revenues (€/mil) Q1 Q1 Δ Δ by Product Line 2019 2018 Val % BCF (fiber for carpet) 106,6 97,2 9,4 9,7%
Slide 11: Focus on Sales – Sales by Geographical Area
Focus on Sales – Sales by Product Line The comparison of amount and percentage of Revenues, broken down by Geographical Area realized in Full Year and Fourth Quarter 2018 vs the same period of 2017 is here reported: Fatturato (€/mil) Q1 Q1 Δ Δ% Area Geografica 2019 2018 Val Italy 29,6 33,8 (4,1) -12
Slide 12: Focus on Sales – ECONYL Sales
Focus on Sales – ECONYL® Sales The Group’s revenues of ECONYL® branded products are growth of 8,0% in the first quarter 2019 compared to same periods of 2018. The Group’s revenues of ECONYL® branded products in first quarter 2019 has been equal to the 37,5% (38% in first quarter 2018) of total fiber
Slide 13: 3. Aquafil Group at Glance
Aquafil Group at Glance 3. Aquafil Group at Glance 13
Slide 14: Aquafil at a Glance
Aquafil at a Glance • Pioneers of circularity with ECONYL®: - An unique Regeneration System to produce sustainable fiber and polymers from nylon 6 waste; - High barriers to entry for technology and reverse supply chain; - Turnover of product branded ECONYL® equal to 37,5% of fiber turnover – CAGR 20
Slide 15: Aquafil Group at Glance – Value Chain
Aquafil Group at Glance Raw materials Production Distribution Clients Final Application BCF Flooring Solutions Selected Manufacturers Application Users Production and finishing of Standard Caprolactam premium synthetic yarns, Direct sale / Contract • Nylon 6 monomer principally Nylon 6, for agents (
Slide 16: Aquafil Group at Glance – History
Aquafil Group at Glance Acquisition of Invista BCF Business in Listing in Italian Asia Pacific Stock Exchange Doubling of Production Capacity in China Acquisition of Xentrys from Domo Chemicals The ECONYL® plant in Slovenia begins producing Establishment of ….. Aquafil Asia ….. Pacific in ….. Thaila
Slide 17: Aquafil Group at Glance – Locations
Aquafil Group at Glance USA ITALY SLOVENIA Cartersville (Georgia) Arco (TN) Ljubljana Aquafil USA 1 & 2 Aquafil (Headquarter) AquafilSLO Ljubljana Phoenix (Arizona) Cares (TN) Senozece Aquafil Carpet Recycling #1 Rovereto (TN) AquafilSLO Senožeče Tessilquattro Store Sacramento (California) AquafilSL
Slide 18: Aquafil Group at Glance – ECONYL
Aquafil Group at Glance • 100% regenerated & regenerable nylon • Unique proprietary technology • 37% of Aquafil Fiber Turnover 2018 WWW.ECONYL.COM 18
Slide 19: 4. Financial Statement
4. Full Year and IV Quarter 2018 Financial Statement 19
Slide 20: EBITDA and EBIT Adjustment
EBITDA and EBIT Adjustment RECONCILIATION FROM NET PROFIT TO EBITDA First First €/000 Quarter 2019 Quarter 2018 Net Profit (Including Portion Attr. to Minority ) 7.696 9.850 Income Taxes 1.880 2.598 Amortisation & Depreciation 8.038 6.072 Write-downs & Write-backs of intangible and tangible assets 3
Slide 21: The Income Statement
The Income Statement CONSOLIDATED INCOME STATEMENT First Quarter of wich First Quarter of wich €/000 2019 non-current 2018 non-current Revenue 145.328 140.807 of which related parties 17 141 Other Revenue 601 76 1 1 Total Revenue and Other Revenue 145.929 76 140.808 1 Raw Material (77.154) (100) (73
Slide 22: The Balance Sheet
The Balance Sheet CONSOLIDATED BALANCE SHEET At March 31, At December 31, €/000 2019 2018 Intangible Assets 16.551 15.992 Tangible Assets 203.663 189.661 Right of Use 27.496 - Financial Assets 401 404 of which related parties 79 79 Other Assets 2.191 2.189 Deferred Tax Assets 6.840 7.841 Total Non-C
Slide 23: The Cash Flow
The Cash Flow CASH FLOW STATEMENT At March 31, At March 31, €/000 2019 2018 Operation Activities Net Profit (Including Portion Attr. to Minority ) 7.696 9.850 of which related parties -170 -769 Income Taxes 1.880 2.598 Other Financial Income -1.091 -16 Interest Expenses 1.562 1.377 of which related
Slide 24: Net Financial Debt
Net Financial Debt NET FINANCIAL DEBT At March 31, At December 31, €/000 2019 2018 A. Cash 70.466 103.277 B. Other cash equivalents - - C. Securities held-for-trading - - D. Liquidity ( A + B + C) 70.466 103.277 E. Current financial receivables 2.475 2.878 F. Current bank loans and borrowing (653) (
Slide 25: Aquafil Investors Contact
AQUAFIL INVESTORS CONTACT Karim Tonelli Investor Relations and Performance Management Director investor.relations@aquafil.com - mob: +39 348 6022.950 Barabino & Partners IR T: +39 02 72.02.35.35 Stefania Bassi - s.bassi@barabino.it - mob: +39 335 6282.667 Agota Dozsa - a.dozsa@barabino.it - mob: +39