INNOVATEC GROUP
TOWARDS A CLEANER FUTURE, TOGETHER
COMPANY PRESENTATION
FINANCIAL GALA'
INNOVATEC GROUP
17 November 2023
Elio Catania | Raffaele Vanni |
Chairman | CFO and Investor Relator |
TODAY'S SPEAKERS
INNOVATEC GROUP
COMPANY PRESENTATION
01
02
03
04
INNOVATEC IN ACTION
OUR PLAN TOWARDS SUSTAINABILITY
MARKET OVERVIEW
FINANCIAL PLAN 2024 - 2026
05 | SEPTEMBER 30, 2023 RESULTS |
INNOVATEC A LEAD PLAYER IN THE CLEAN TECH INDUSTRY
Vision
Shaping the future towards an alternative, sustainable development model to help Corporate, Communities & People to embrace sustainability and reduce environmental footprint
Mission
Diversification and integration of innovative end-to-end solutions that integrate energy efficiency and environmental services, from the recovery of industrial waste to its recycling
4
INNOVATEC: 2 BUSINESS UNITS TO COVER ALL CLEANTECH VALUE CHAIN
Innovatec's offering address Corporate, People, Communities and PA's with a 360° degrees offering portfolio to cover circularity and
energy needs to enable the path toward sustainability
BU Environment & Circular economy
100%
Innovatec S.p.A | BU Energy Efficiency & Renewables | ||
100% | |||
Genkinn S.r.l. |
mines
recycling
Cobat
electrics AET S.r.l.
System | |
Traditional Waste | Integrator of Energy |
Management | Transition solutions |
Services | Sustainability & |
Decarbonization | |
Circular Economy Services | Strategy |
Batteries | RES Asset |
WEEE | Development & |
Tyres | Management |
Textiles | Green Energy |
Plastics | |
Mattresess | Portfolio |
Drywall | Management |
5
INNOVATEC'S KEY FIGURES IMPRESSIVE GROWTH….
REVENUES M)€( | 42,7 | 41,9 | 31,0 | 46,1 | 237,8 | |||||||||||||||
161,2 | ||||||||||||||||||||
02 61 YF | 02 71 YF | 02 81 YF | 02 91 YF | FP 02 02 YF | FP 02 12 YF | |||||||||||||||
17,9 | 32,9 | |||||||||||||||||||
EBITDA €(M) | 11,7 | |||||||||||||||||||
1,7 | 11,3 | |||||||||||||||||||
(17,1) | ||||||||||||||||||||
7,5 | 6,1 | 7,8 | 10,7 | |||||||||||||||||
EBIT €(M) | ||||||||||||||||||||
(30,9) | (11,0) | 2020 | 2021 | |||||||||||||||||
201616FY | 201717FY | 201818FY | 2019019FY | |||||||||||||||||
PF2020FY | PF2021FY | |||||||||||||||||||
Pro | Forma | Pro | Forma | |||||||||||||||||
M&A | GREEN POWER GROUP | |||||||||||||||||||
PROJECT LAUNCH | VESCOVO | CLEAN TECH LUXCO | ||||||||||||||||||
MAIN | ||||||||||||||||||||
ACQUISITION | ROMANO | |||||||||||||||||||
Notes: PF figures include COBAT results
A SOLID GROWTH PATH
CAGR '20-'22
289,2 22%
02 2 YF
CAGR '20-'22
32,4 22%
CAGR '20-'22
18,7 34%
20222 FY
ELIOSPOWER
ALBARUM
6
WITH A SOLID ASSET BASE
Lazzate
Cermenate
8 SORTING & TREATMENT PLANTS
7 BIOGAS AND PV PLANTS
3 LANDFILLS
3.300 EQUIPMENT & VEHICLES 600kt WASTE MANAGEMENT 2.000 CLIENTS (95%
Collegno
Treatment plants | HQ |
Landfills | Other facilities |
Collection hubs | Partners |
Chivasso Milano
Bedizzole
Albonese Lodi
Mattress Plasterboard
recycling recycling
Bossarino
Roma
Haiki Cobat HQ
Romano
PV panel
San Pietro di Morubio
San Severino
Marche
Pollutri Li-Ionbattery recycling
board treatment plant able to recover gypsum
end-of-life mattresses treatment plant able to recover 90% materials
the first plant in
Italy dedicated to
the recovery of
lithium and cobalt
from end-of-lifeEV batteries through a patented treatment,
as well as alkaline
batteries
5 CONSORTIA (Batteries, WEEE, Tyre, Compositi, Textile)
400 HUMAN RESOURCES
50 WASTE PARTNERS
200 SALE FORCE
30 TECHNICIANS
60 COBAT COLLECTION HUBS
450MWp PV PIPELINE
40MWp AVERAGE PV EPC BACKLOG
50€M BUILDING RENOVATION BACKLOG
2 LITHIUM PATENTS
7
2023: A TRANSITION YEAR…...
+
M&A SPEED UP
in order to gather some of the strategic assets leveraging on its capacity to produce positive cash flows and to receive additional debt
REORGANISATION
Refocused the structure, our business proposal, go-to- market strategy and operative organization.
-
SLOWDOWN IN INDUSTRIAL PRODUCTION STOP & GO IN ECOBONUS 110%
The decrease on revenues, margins and cash generation was only partially offset by the positive performance of the remaining businesses
THE RAMP UP OF THE PV BUSINESS IS TAKING LONGER THAN INITIALLY FORECASTED
8
2026 PLAN: RELAUNCH OPPORTUNITY
500€M REVENUES
66€M EBITDA
14% EBITDA MARGIN
CAPEX +77€M
HR (+137 to 2026)
NFP TO ZERO
Leverage available for futher business development
Data in €M
REVENUES EBITDA
11,3%
252
28
2023F
12,0%
332
40
2024P
('23-'26) CAGR
23,7%
13,9%478
66
2026P
('23-'26) CAGR
59,2%
INNOVATEC GROUP
COMPANY PRESENTATION
01
02
03
04
INNOVATEC IN ACTION
OUR PLAN TOWARDS SUSTAINABILITY
MARKET OVERVIEW
FINANCIAL PLAN 2024 - 2026
05 | SEPTEMBER 30, 2023 RESULTS |
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Innovatec S.p.A. published this content on 17 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2023 15:05:14 UTC.