Investor Presentation • Dec 1, 2022
Investor Presentation
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December 1, 2022
MAGAZINE CHANGE THE WORLD
By Matthew Heimer and Erika Fry August19, 2019
"Burberry and Prada both recently launched collections featuring ECONYL®, a recycled nylon that this Italian yarn manufacturer creates from old fishing nets, fabric scraps, and discarded carpets. The company claims that for every ton of the upcycled material it produces, it saves 7 barrels of crude oil and 5,7 tons of carbon emissions."
Source: Fortune's change World List August, 2019
% on 9M22 REVENUES
4
20 Plants, 9 Countries on 3 Continents
Ca. 2,800 Employees
€ 529,9 Million of Revenues for 9M22
€ 73,2 Million EBITDA 9M22
43,5% ECONYL® fiber turnover
ITALY Arco (TN)
Aquafil (Headquarter)
Cares (TN) Rovereto (TN) Tessilquattro
USA Cartersville (Georgia) Aquafil USA 1
Phoenix (Arizona) Aquafil Carpet Recycling ACR#1 Aquafil Carpet Collection ACC
Anaheim (California) Aquafil Carpet Collection
Chula Vista (California) Aquafil Carpet Collection
Miramar (California) Aquafil Carpet Collection
Rutherford College (North Carolina) Aquafil O'Mara
UK
Kilbirnie AquafilUK
SLOVENIA
Ljubljana AquafilSLO
Senožeče AquafilSLO Senožeče
Celje AquafilSLO Celje - Teharje
Ajdovščina AquafilSLO Ajdovščina
Oroslavje AquafilCRO
Rayong Aquafil Asia Pacific
JAPAN Tokyo Aquafil Japan
Jiaxing Aquafil Jiaxing
CHILE Santiago Aquafil Chile
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 step out of our comfort zone to set new standards through empathy and collaboration, inside and outside.
We envision the goal of a sustainable future to achieve it, driven by the responsibility to change the world one choice at a time.
To come full circle and create our story.
- Source: Ellen MacArthur Foundation
Our Main Milestones Towards Circularity from 1990 onwards:
Eco-Design is our next crucial step. Imagine innovative products, created to be fully recyclable at the end of its life.
A successful Business Model. Proprietary technology with continuous R&D innovation. Manufacturing and operational excellence focused on high end segments.
Pioneer of Circularity with the ECONYL® Regeneration System, producing sustainable fibers and polymers from nylon 6 waste.
Around 43,5% of fiber turnover.
Glocal. A Global Company with local productions.
ECONYL® nylon is made from waste otherwise destined for the landfill
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
Since 2008, we have formalized our commitment in our ECO PLEDGE®, a set of five principles that guide and inspire all the work of the Group.
Grow in harmony with local communities, promoting a prosperous and respectful development of their territory.
Collaborate with suppliers and customers to bring about change and environmental sustainability in the entire sector.
Innovating products to make them more and more circular, giving new life to waste materials, in an infinite cycle.
Producing consciously and responsibly, pursuing continuous improvement and excellence in every aspect.
People who, with commitment and passion, are the foundation of the Group.
• 100% increase in the number of female executives in 2 years
• 92% increase in hours of training delivered vs 2020
Sharply increasing compared to 9M21
Aquafil Chile incorporated to expand procurement capacity of raw materials for the ECONYL® process.
Benefit company Bluloop S.r.L. Incorporated to sell ECONYL® branded products directly online.
| Revenues | EBITDA | Net profit | NFP | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | Δ% | 2022 | 2021 | Δ% | 2022 | 2021 | Δ% | 30.09.22 | 31.12.21 | Δ% | |
| 9M | 529,9 | 419,3 | 26,4% | 73,2 | 59,6 | 22,9% | 26,1 | 14,3 | 83,3% | (231,5) | (179,3) | -29,1% |
| % on Revenues | 13,8% | 14,2% | 4,9% | 3,4% | ||||||||
| 3Q | 178,9 | 144,6 | 23,7% | 21,7 | 20,2 | 7,2% | 8,5 | 5,3 | 58,3% | |||
| % on Revenues | 12,1% | 14,0% | 4,7% | 3,7% | ||||||||
| USA • Best macro area EMEA • Lower demand |
Higher to 9M21 thanks to • better sales mix also thanks to ECONYL® products increase • Repricing to recover higher costs of raw material and energy |
Strong increase driven by • EBIT improvement • Lower financial costs |
Higher of 29,1% vs Dec21 NFP/EBITDA LTM 2,49 On 31th December 2021 2,70 On 30th September 2022 |
P&L – KPI
| 9M | 3Q | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | Δ% | 2022 | 2021 | Δ% | |||
| Revenues | 529,9 | 419,3 | 26,4% | 178,9 | 144,6 | 23,7% | ||
| EBITDA | % on net Sales | 73,2 13,8% |
59,6 14,2% |
22,9% | 21,7 12,1% |
20,2 14,0% |
7,2% | |
| EBIT | 32,4 | 22,3 | 45,1% | 7,9 | 8,3 | -5,1% | ||
| % on net Sales | 6,1% | 5,3% | 4,4% | 5,7% | ||||
| EBT | 33,0 | 18,0 | 83,6% | 8,9 | 7,0 | 26,8% | ||
| % on net Sales | 6,2% | 4,3% | 4,9% | 4,8% | ||||
| NET RESULT | 26,1 | 14,3 | 83,3% | 8,5 | 5,3 | 58,3% | ||
| % on net Sales | 4,9% | 3,4% | 4,7% | 3,7% |
Increase of NWC mainly driven by inventory
NWC growth driven by increase of inventory value due to:
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