Envipco Holding N.V. · EURONEXT:ENVI
Envipco — Investor Presentation (June 2024)
23 slides from Envipco's investor presentation, June 2024
Slide 1: Envipco
Envipco A Recycling Technology Leader Creating a Cleaner World for Future Generations Company presentation | June 2024
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION may contain forward looking statements. These statements are based on current expectations, estimates and projections of Envipco’s management and information currently available to the company. Envipco cautions that such statements contain elements of risk and uncertaint
Slide 3: A global recycling technology company set for growth
A global recycling technology company set for growth Building from… EUR 104.6 million LTM Q1 24 revenues • Engaging a vast global market opportunity, mainly driven by deposit legislation rolled out across all EU countries 2.7x revenue multiple 2021 – LTM Q1 24 • Captured leading position in European
Slide 4: Why we continue to win with our customers
Why we continue to win with our customers Broad and proven Proven track record with Ample production Consultative approach product portfolio world leading retailers capacity addressing customers' addressing all customer showing our quality and in USA, Germany and unique needs first and segments comm
Slide 5: Invested in building a market position
Invested in building a market position Entered several new markets over the last 5 years… …making strong headways in new growth markets • Envipco successfully developing Greece, a pre-DRS market >90% • Project continuing into 2024/25 with significant potential Mkt share • Hungary DRS live January 20
Slide 6: Delivering on European growth strategy
Delivering on European growth strategy Revenue development EUR million, unaudited Increased awareness and legislative initiatives largely driven DRS second wave (EU) by maturing North American Market Note: Unaudited figures. 2023 financial statements are subject to audit adjustments. 1) Gross sales.
Slide 7: Engaging a vast market opportunity
Engaging a vast market opportunity + 200k units N.America/RoW EU Legislation driving deposit return schemes (DRS) in all EU countries Europe Strong Consumer push to address plastic pollution Beverage brand holders needing clean feedstock to put back into new packaging Industry acknowledgment that de
Slide 8: EU approval of PPWR
EU approval of PPWR EU Packaging and Packaging Waste An unprecedented market driver Regulation (PPWR) • EU Parliament concluded final vote and approval of the EU Packaging and Packaging Waste Regulation (PPWR) in April 2024 90% Collection rate for plastic bottles and • EU consequently closer to intr
Slide 9: Fully interoperable DRS announced across UK
Fully interoperable DRS announced across UK DRS formally announced Rollout across three phases: 1 Deposit Management Organization (DMO) appointed By Spring 2025 2 DMOs set up and employed with secured funding and key policies Joint policy statement from Fully interoperable DRS with By Spring 2026 UK
Slide 10: Markets prioritized from DRS second wave
Markets prioritized from DRS second wave Legislative considerations and planning Preparations Anticipated next wave of DRS legislation in European markets Implementation and execution Publicly announced launch Proposal for DRS system, potential start date H1 2026 No current timeline, but beverage in
Slide 11: Financial highlights
Financial highlights Note: Unaudited figures. 2023 financial statements are subject to audit adjustments. 1) Includes other income of EUR 3.6m in 2021, EUR 2.0m in 2022, EUR 0.5 in 2023, and EUR 0.2m in Q1 24.
Slide 12: Sustaining growth momentum
Sustaining growth momentum Q1 24 in EUR millions, unaudited Q1 24 Q1 23 2023 Revenues 27.4 10.4 87.6 • Group revenues +164% y/y to EUR 27.4m - Europe 19.9 2.3 55.5 - North America & RoW 7.6 8.1 32.1 • Gross margin 35.0%, up from 33.9% in Q1 23 • Manufacturing cost effect from Q4 23 buildup Gross Pro
Slide 13: North America Europe
North America Europe Quarterly revenues Quarterly revenues (EUR million, unaudited) (EUR million, unaudited) LTM revenues LTM revenues (EUR million, unaudited) (EUR million, unaudited)
Slide 14: Envipco share overview
Envipco share overview Share description Shareholdings by country2 • Listed at Euronext Amsterdam: Ticker ENVI • Listed at Euronext Growth Oslo – Ticker ENVIP 15.0 % • Market capitalization: NOK 4.0b / EUR 360m1 • # of shares outstanding: 57.7 million 4.9 % 38.4 % Top 10 Shareholders March 2024 6.0
Slide 15: Our journey ahead
Our journey ahead Continue to deliver on our growth strategy Market share in • EU Packaging and Packaging Waste Regulation (PPWR) and UK new markets DRS enabling vast European market opportunity • Securing leading market position in key new growth markets +30% Promising revenue outlook for 2024 and
Slide 16: Pantstation
Pantstation din pant bs a os ©envipco
Slide 17: Appendix
Appendix Photo courtesy of Returpack
Slide 18: Quantum: The bulk feed champion
Quantum The bulk feed champion
Slide 19: Modula: Adaptable high-speed backroom solution
Modula Adaptable high-speed backroom solution
Slide 20: Profit & Loss
Profit & Loss* in EUR thousands Q1 24 Q1 23 YTD 24 YTD 23 Revenues 27 436 10 408 27 436 10 408 Cost of sales (17 831) (6 882) (17 872) (6 882) Gross Profit 9 606 3 526 9 606 3 526 Selling and distribution expenses (1 133) (642) (1 133) (642) General and administrative expenses (7 046) (4 785) (7 046
Slide 21: Balance sheet
Balance sheet* in EUR thousands Note 31.03.24 31.12.23 31.03.23 in EUR thousands Note 31.03.24 31.12.23 31.03.23 Equity Assets Share capital 2 885 2 585 2 303 Non-current assets Share premium 95 504 71 022 71 606 Intangible assets 9 292 9 240 8 706 Property, plant and equipment 17 503 14 994 Transla
Slide 22: Cash Flow Statement
Cash Flow Statement* in EUR thousands Note Q1 24 Q1 23 YTD 24 YTD 23 Cashflow from operating activities Operating results 1 065 (2 244) 1 065 (2 244) Adjustment for: Depreciation & Amortization 1 676 1 378 1 676 1 378 Changes in: Changes in trade and other receivables (2 697) (3 856) (2 697) (3 856)
Slide 23: © envipco
© envipco