1H 2023 Results Virtual Roadshow
22 September 2023
Disclaimer
This document ("Document") is strictly confidential and was prepared by Valtecne S.p.A., also on the basis of information and financial data provided by its shareholders as well as on the basis of publicly available information and documents, in order to provide the recipients of the same information relating to the possible admission to trading of the shares of Valtecne S.p.A. on Euronext Growth Milan ("Transaction"). The Document does not claim to be exhaustive and by accepting the delivery/viewing of the same, the recipient acknowledges his own responsibility (i) to conduct his own analysis and (ii) to form his own opinion about the entities mentioned in the document.
This Document has been prepared for informational purposes only and does not constitute an offer, solicitation or recommendation to make any investment, nor should it be interpreted as such. In particular, the Document does not constitute an offer or invitation to purchase or subscribe for shares issued by Valtecne S.p.A.. Should an offer or invitation to purchase or subscribe for shares or other financial instruments issued by Valtecne S.p.A. be made, the same will be implemented in compliance with the applicable legislation and through the use, where required, of an Admission Document. Valtecne S.p.A. provides the information contained in this Document on a strictly confidential basis; by receiving this document, the addressee undertakes with Valtecne S.p.A. to keep the contents of the Document and the Document itself strictly confidential.
The content of this Document is purely informative and the nature of the data contained therein is merely provisional. The Document does not represent in its entirety either the Company or the project it intends to carry out and, therefore, some information relating to them may have been omitted. Therefore, Valtecne S.p.A. does not provide any guarantee as to the completeness, accuracy and correctness of the information, forecasts or opinions expressed therein. Valtecne S.p.A. and its collaborators, therefore, cannot be held responsible in any way for any consequence deriving, directly or indirectly, from the reading, processing and/or evaluation of this Document and/or from any event attributable to the same. In no case does Valtecne S.p.A. is responsible for any costs or expenses incurred in relation to any evaluation and/or investigation or for any other costs and expenses incurred by any counterparties in relation to the Transaction.
This Document may not be reproduced, presented or supplied to third parties without the prior written authorization of Valtecne S.p.A..
Although the processing of the Document was carried out with care and diligence, Valtecne S.p.A. does not provide guarantees as to the completeness, accuracy and correctness of the information, forecasts or opinions expressed therein. Some parts of the Document contain statements with long-term forecasts, which represent estimates subject to risks or uncertainties and which, therefore, could differ, even substantially, from future results.
The information contained in this Document may be subject to modifications without the need for Valtecne S.p.A. provides any information regarding the recipients of this Document; moreover, Valtecne S.p.A. states that past performance and results are not indicative of future results.
Before proceeding with the subscription of the shares of Valtecne S.p.A. please read the Admission Document and, in particular, the Risk Factors chapter. This Document may not be copied, distributed or reproduced in whole or in part, nor transmitted to third parties without the written consent of the Company.
H1 2023 Results Virtual Roadshow | 2 |
Speakers
Paolo Mainetti | Adolfo Ottonello | |
Chief Executive Officer | General Manager | |
+25 years in Valtecne, | MBA at POLIMI | |
former President of Confindustria Sondrio | Graduate School for Management, | |
(federation of Italian industries) | Degree in Electronic Engineering | |
Previous jobs: | Previous jobs: |
H1 2023 Results Virtual Roadshow | 3 |
Valtecne at a glance
- Valtecne is a company operating in the sector of high precision mechanics.
ACTIVITIES
- Valtecne is a contract manufacturer of high precision mechanical components. It operates by the means of two business lines:
o Medical devices: manufacturing of instruments for orthopaedic surgery and implantable components
- Industrial: manufacturing of high precision mechanical components dedicated to several industrial segments, in particular Power Transmission, Automotive, Energy
40
years of history
16.000 sqm
owned production area
KEY FINANCIALS
+200
employees
60
CNC machines
+200 K
Production hours
+500 K
shipped parts
Financial Highlights FY2022 Proforma
MILESTONES
1983 - Establishment of Valtecne S.r.l. by Mr. Vittorio Mainetti 2003 - Entrance in power transmission sector
2012 - Entrance in medical devices sector
2013 - Setting up of surface finishing department and introduction of wire EDM technology
2018 - Start up of Swiss turning department
2019 - European certification ISO:13485 for medical devices
2021 - Construction of a new facility dedicated to medical devices sector
2023 - Listing on the EGM
€27.7M | €5.5M | 19.9 % | €9.4M | |||
Value of | ||||||
Adjusted EBITDA | Adj. EBITDA % | Adjusted NFP | ||||
production | ||||||
Value of production 2016-2022
(€M)
27.7
17.8 | 19.8 | 21.6 | ||
16.0 | ||||
14.1 | ||||
12.5 | ||||
2016A | 2017A | 2018A | 2019A | 2020A | 2021A | 2022A | |
Unaudited data provided by the management | Audited pro forma data |
H1 2023 Results Virtual Roadshow | 4 |
Key Investment Highlights
Historical double-digit growth, higher
than the market
Focus on medical devices industry
First class customers
5
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Valtecne S.p.A. published this content on 22 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2023 09:47:07 UTC.