Aquafil Spa · MIL:ECNL
Aquafil Spa — Nordics Digital Conference 2023
37 slides from Aquafil Spa's conference presentation, May 16, 2023
Slide 1: Investor Presentation
Investor Presentation [ECNL:IM] - [ECNLF: OTCQX] Nordics th Digital Conference 16 May 2023
Slide 2: Aquafil is Market Leader in Nylon
Aquafil is Market Leader in Nylon % on 1Q 2023 REVENUES Carpet yarn Textile yarn Polymers • Contract • Apparel • Industrial • Residential 72% • Swimwear 21% Molding 7% • Automotive • Sportwear 70 % 8%
Slide 3: And Market Leader Worldwide
And Market Leader Worldwide % on 1Q 2023 REVENUES USA Europe Asia Pacific 30,0% 54,9% 15,2%
Slide 4: From Family Business To Global Sustainability Champion
From Family Business To Global Sustainability Champion 20 Plants, 9 Countries on 3 Continents Ca. 2,800 Employees € 684,1 Million of Revenues FY22 € 92,3 Million EBITDA FY22 43,5% ECONYL® fiber turnover
Slide 5: Aquafil Group
Aquafil Group USA UK THAILAND Cartersville (Georgia) Kilbirnie Rayong Aquafil USA 1 Aquafil UK Aquafil Asia Pacific Phoenix (Arizona) SLOVENIA JAPAN ITALY Aquafil Carpet Recycling Ljubljana Tokyo Arco (TN) ACR#1 Aquafil Japan Aquafil (Headquarter) Aquafil Carpet Collection AquafilSLO ACC Senožeče CH
Slide 6: Aquafil Brand Manifesto - Our Vision
Aquafil Brand Manifesto - Our Vision At Aquafil, we design better to do better. We are conscious innovators. We think as beginners and act as pioneers to provide unique products and services that leverage performance and reduce the impact on a global scale. We are thoughtful listeners. We step out o
Slide 7: Leading the Circular Economy Revolution
Leading the Circular Economy Revolution Developed of the Group current business Our path to circularity began in 1990, when the Group started Linear Recycling Circular recovering “lactamic waters” produced during the polymerisation process. Since then, we have invested time and money to “close the E
Slide 8: Company Strengths
Company Strengths A successful Business Pioneer of Circularity Glocal. Model. Proprietary with the ECONYL® A Global Company technology with Regeneration System, with continuous R&D producing sustainable local productions. innovation. Manufacturing fibers and polymers from and operational excellence
Slide 9: ECONYL Regeneration System
ECONYL® Regeneration System • ECONYL® nylon is 100% coming from waste. No fossil oil used! • It has the same quality and performance as standard nylon. Infinitely regenerable! • Unique proprietary technology. • Global warming potential reduced up to 90% if compared with traditional oil-based raw mat
Slide 10: ECONYL: Our Source Of (Sustainable) Competitive Advantage
ECONYL ® : Our Source Of (Sustainable) Competitive Advantage
Slide 11: Waste In
WASTE IN ECONYL® nylon is made from waste otherwise destined for the landfill
Slide 12: No Waste Out
rf NO WASTE OUT
Slide 13: Our Main 2025 Environmental Targets
Our Main 2025 Enviromental Targets 60% Of Revenues Generated By Fibers From ECONYL® Branded Products 35,000 Tons Of Post consumer Waste Collected Annually Water Consumption Reduced By 30% Compared To 2018
Slide 14: Our path to Sustainability
Our path to Sustainability RETHINKING PRODUCTS IN A CIRCULAR PERSPECTIVE Innovating products to make them more Since 2008, we have formalized our commitment in our ECO PLEDGE®, and more circular, giving new life to waste a set of five principles that guide and inspire all the work of the Group. mate
Slide 15: Our Top Achievements
Aquafil is a top Italian After joining the Circular Economy Ellen McArthur Our Top Achievements excellence according to Symbola and Enel’s Foundation in 2020, our Group report, “100 Italian joined the Circular Economy Plastics Stories”. Recyclers Europe ESG goals association. Aquafil contributes to
Slide 16: Financial Results
Financial Results
Slide 17: 1Q23 – Key Message
1Q23 – Key Message 1Q23 General Results • Revenues 166,8 €/mil (-2,5% vs 1Q 22) • EBITDA 21,6 €/mil (-13,1% vs 1Q 22) ECONYL® Branded Products 1 • Revenues up by 11,2% vs 1Q 22 • 46,9% of revenues generated by fibers CONTINUED GROWTH GLOBAL MARKET CHARACTERIZED BY FOR CARPET FIBRES IN VOLATILITY THE
Slide 18: 1Q 23 – Main Result
1Q 23 – Main Result REVENUES EBITDA NET PROFIT NFP 2022 2021 Δ% 2022 2021 Δ% 2022 2021 Δ 31.03.23 31.12.22 Δ 1Q 166,8 171,2 -2,5% 1Q 21,6 24,8 -13,1% 1Q 3,3 9,1 (5,8) 1Q (246,8) (247,9) 1,1 % on Revenues 12,9% 14,5% % on Revenues 2,0% 5,3% SALES EBITDA NET PROFIT NET FINANCIAL POSITION LOWER VOLUME1
Slide 19: Revenues – Breakdown by Product Line
Revenues Breakdown by Product Line
Slide 20: Revenues – Breakdown by Area
Revenues Breakdown by Area 1Q 2023 - Revenues breakdown by Area ooo Ss. 1Q23 1Q22 MEMEA USA ®Asia & Oceania
Slide 21: Revenues – ECONYL regenerated nylon
Revenues ECONYL® regenerated nylon +11,2% vs 1Q 223 Revenues includes both ECONYL® branded and regenerated products.
Slide 22: P&L - KPI
P&L - KPI 2023 2022 A REVENUES 166,8) 171,2 (4,3) EBITDA 21,6 24,8 (3,2) % on net sales 12,9% 14,5% EBIT 8,0 12,5 (4,5) % on net sales 4,8% 7,3% % on net sales 2,8% 7,0% NET RESULT 3,3 9,1 (5,8)
Slide 23: NFP – NFP on EBITDA
NFP – NFP on EBITDA • NFP on 31st March 2023 equal to (246,8) €/mil, better of 1,1 €/mil compared to 31st December 2022; • Ratio NPF/EBITDA LTM at 2,77x
Slide 24: NFP Evolution
0,0 (50,0) (100,0) (150,0) (200,0) (250,0) (300,0) NFP (247,9) NFP 31.12.2022 = Cash Flow from Operating Activities HD iO im im i» ANWC NFP Evolution - €/mil IFRS16 impact Other Cash Cost Treasury Shares Capex (246,8) NFP 31.03.2023
Slide 25: Outlook 2023
Outlook 2023 In terms of margins, the first quarter of 2023 ended in line with Group’s expectations and the different geographical areas confirmed the trend reported during the fourth quarter of the previous year. In terms of volumes sold compared to the first quarter of 2022, the United States conf
Slide 26: Corporate Governance
Corporate Governance Chiara Mio Giulio Bonazzi Stefano Loro Chair (1) (2) CEO Director (1) Director who has declared that he satisfies the independence requirements pursuant to Articles 147-ter, paragraph 4 of the Consolidating Law on Finance, as well as Article 3 of the Code of Self- Governance; (2
Slide 27: Ownership Structure
Ownership Structure A capital structure with 2 type of Shares: a) Share A: ordinary share; b) Share B: dedicated to Giulio Bonazzi family with the same economic right of ordinary share but with 3 voting right for any share;
Slide 28: Definition
Definition «FIRST CHOICE REVENUES» NFP “First choice revenues” are revenues generated by the sale of fiber and polymers, gross of any adjustments (for example, discounts This was calculated as per Consob Communication of July 28, 2006 and allowances), but excluding revenues generated by “non-first a
Slide 29: Appendix – Consolidated Income Statements
Appendix Consolidated Income Statements
Slide 30: Consolidated Income Statements – Revenues 1Q 2023
Appendix Consolidated Income Statements – Revenues 1Q 2023 1Q 2023 BCF (fiber for carpet) NTF (fiber for fabric) Polymers Total €/mil 2023 2022 Δ Δ% 2023 2022 Δ Δ% 2023 2022 Δ Δ% 2023 2022 Δ Δ% % 23 % 22 EMEA 54,3 59,4 34,5 58,0 % 26,3 28,4 17,0 59,6 % 10,9 14,5 (13,3) (92,2)% 91,5 102,3 38,1 37,2 %
Slide 31: Consolidated Income Statements – EBITDA & EBITDA Adj
Appendix Consolidated Income Statements – EBITDA & EBITD Adj (*) The financial items include: (i) financial income of Euro 0.1 million (ii) financial charges and other bank charges of Euro (3.2) million, (iii) cash discounts of Euro (0.8) million, and (iv) exchange loss of Euro (0.2) million. (**) T
Slide 32: Consolidated Balance Sheet (1/2)
Appendix Consolidated Balance Sheet (1/2)
Slide 33: Consolidated Balance Sheet (2/2)
Appendix Consolidated Balance Sheet (2/2)
Slide 34: Net Financial Debt
Appendix Net Financial Debt NET FINANCIAL DEBT At March 31, At December 31, €/000 2023 2022 A. Liquidity 122.817 110.682 B. Cash and cash equivalents C. Other current financial assets 5.632 9.964 D. Liquidity (A + B + C) 128.450 120.646 E. Current financial debt (including debt instruments but exclu
Slide 35: Consolidated Cash Flow Statement (1/2)
Appendix Consolidated Cash Flow Statement (1/2)
Slide 36: Consolidated Cash Flow Statement (2/2)
Appendix Consolidated Cash Flow Statement (1/2)
Slide 37: Investors Contact
www.aquafil.com www.econyl.com www.dryarn.com Investors Contact: Karim Tonelli - CPO & IR karim.tonelli@aquafil.com Mob: +39 3486022950