Investor Presentaiton
Outlook: 2021 objectives upgraded. 2022 and 2023 objectives
excluding Covid unchanged for now
eurofins
We upgrade 2021 objectives by 13% for revenues and by 36% for EBITDA (all at average H1 2021 exchange rates). FY 2022 and FY 2023 remain
unchanged at this time as the duration and magnitude of the COVID-19 related contribution remain impossible to quantify due to uncertainty on new variants
and public policy responses. However it is likely that significant levels of testing for COVID-19 may unfortunately continue at a meaningful level
at least in 2022.
FY 2021 upgraded objectives
○ Revenues
o Adjusted EBITDA
EUR m
6,150
1,700
FY 2021 previous objectives1
EUR m
Revenues
5,450
1,250
FCF-Firm
700
350
Adjusted EBITDA
Net Capex
SDI (at EBITDA le vel)
M&A
FY 20222 (Core Business excl. Covid and M&A beyond 31/12/2020)
30
150
о
Revenues
o Adjusted EBITDA
O
FCF-Firm
5,450
1,300
750
FY 20232 (Core Business excl. Covid and M&A beyond 31/12/2020)
о
Revenues
o Adjusted EBITDA
O
FCF-Firm
1 Set on March 1, 2021
5,725
1,375
800
For 2022 & 2023, in addition to these organic objectives,
potential proforma revenues from acquisitions of
EUR 150m in 2021 and EUR 200m in both 2022 and
2023 (consolidated at mid-year), which would bring
Group revenue objectives to:
•
EUR 5,700m in 2022
9
EUR 6,175m in 2023
2 2022 & 2023 objectives set at average 2020 exchange rates and excluding any revenues from COVID-19 testing and reagents and any M&A beyond 31/12/2020 (i.e. organic Core Business ex. COVID-19 objectives), assuming full return to normal of
economies / markets to pre-pandemic levels
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