Aquafil — Earnings Release 2021

Feb 9, 2022

Informazione Regolamentata n. 1938-22-2022		Data/Ora Ricezione 09 Febbraio 2022 17:43:51	Euronext Star Milan
Societa'	:	AQUAFIL
Identificativo Informazione Regolamentata	:	157261
Nome utilizzatore	:	AQUAFILNSS02 - Tonelli
Tipologia	:	1.1; 2.2
Data/Ora Ricezione	:	09 Febbraio 2022 17:43:51
Data/Ora Inizio Diffusione presunta	:	09 Febbraio 2022 17:43:52
Oggetto	:	Preliminary revenues and NFP at December 31, 2021
Testo del comunicato

Vedi allegato.

PRELIMINARY REVENUES AND NFP AT DECEMBER 31, 2021

• Revenues: €569.7 million, up 30.5% compared to €436,6 million for 2020 and 3.8% compared to €549,0 million for 2019
• Net Financial Position: €179.3 million at December 31, 2021, improving by 18.0% compared to €218.7 million at December 31, 2020 and by 28.1% compared to €249.6 million at December 31, 2019

Arco, February 9, 2022 — The Board of Directors of Aquafil S.p.A. [ECNL:IM] met today and examined the preliminary data regarding Revenues and Net Financial Position for the year ended December 31, 2021.

Giulio Bonazzi, Chairman and Chief Executive Officer, stated:

"Preliminary results confirm, in terms of turnover and debt, our expectations for 2021. As anticipated in November 2021, the fourth quarter saw an extraordinary increase in costs, in particular energy costs, which the actions of progressive adjustment of sales prices, already in place, will allow to recover during the first months of 2022.

Revenues¹

In 2021, the Group's revenues amounted to €569.7 million, up 30.5% compared to 2020 and 3.8% compared to 2019. In terms of "volumes sold", the 2021 increase was 19.2% compared to 2020 and 4.8% compared to 2019.

Net Financial Position

The net financial position at December 31, 2021 was equal to €179.3 million, an improvement of 18.1% compared to €218.7 million at December 31, 2020 and 28.1% compared to €249.6 million at December 31, 2019.

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It should be noted that the 2021 figures referring to Revenues and Net Financial Position contained in this press release are preliminary and unaudited. Comprehensive annual data will be approved by the Board of Directors to be held on March 15, 2022.

"The Manager responsible for preparing the Company's financial reports, Sergio Calliari, declares, pursuant to Paragraph 2 of Article 154-bis of the Consolidated Finance Law, that the accounting information contained in this press release corresponds to the company's records, ledgers and accounting entries."

¹The evolution of the Group's revenues from one reporting period to another may also be significantly influenced by the performance of raw materials prices, which is reflected in final sales prices through predefined contractual mechanisms. Accordingly, to ensure a proper understanding of its results, the Group presents its revenue performance in terms of "volumes sold" in reference to "first choice revenues", i.e., revenues that are traditionally generated by the sale of fibers and polymers, gross of any adjustments (e.g., discounts and allowances), and excluding revenues generated by "non-first choice" products, revenues of Aquafil Engineering GmbH and the so-called "other revenues".

* * *

Aquafil is a pioneer in the circular economy also thanks to the ECONYL® regeneration system, an innovative and sustainable process able to create new products from waste and give life to an endless cycle. The nylon waste is collected in locations all over the world and includes industrial waste but also products – such as fishing nets and rugs – that have reached the end of their useful life. Such waste is processed to obtain a raw material – caprolactam – with the same chemical and performance characteristics as those from fossil sources. The polymers produced from ECONYL® caprolactam are distributed to the Group's production plants, where they are transformed into yarn for rugs carpet flooring and for clothing.

Founded in 1965, Aquafil is one of the main producers of nylon in Italy and worldwide. The Group is present in seven countries and in three different continents, with over 2,800 employees at 19 production sites located in Italy, Slovenia, Unites States, China, Croatia, Scotland, Thailand and Japan.

Investors Contact

Karim Tonelli 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: +39 338 7424.061 Media Contact

Barabino & Partners T: +39 02 72.02.35.35 Federico Vercellino f.vercellino@barabino.it mob: +39 331 5745.17