Aquafil (ECNL) Investor presentation summary

Market position and business model

• Holds a leading global position in nylon, especially in carpet yarn (70% of 1Q24 revenues), textile yarn (16%), and polymers (14%).

• Operates 19 plants across 8 countries on 3 continents, employing around 2,650 people.

• Business model centers on proprietary technology, continuous R&D, and high-end market segments.

• Pioneer in circularity with the ECONYL® Regeneration System, producing sustainable fibers from nylon 6 waste.

• Maintains a 'glocal' approach, combining global reach with local production.

Financial performance (1Q 2024)

• Reported revenues of €147.5 million, down 11.6% year-over-year but up 13.8% from the previous quarter.

• EBITDA at €15.2 million, a 29.6% decrease year-over-year but a 44.8% increase quarter-over-quarter.

• Net profit was negative at €-3.1 million, compared to €3.3 million in 1Q23.

• Net financial position (NFP) remained stable at €250.3 million.

• ECONYL® and regenerated products accounted for 52.1% of fiber revenues.

Geographic and product breakdown

• 56% of 1Q24 revenues came from Europe, 27% from the USA, and 17% from Asia Pacific.

• Carpet yarn remains the dominant product line, followed by textile yarn and polymers.

• EMEA and Asia performed in line with expectations, while the US market was weaker.