Investor Presentaiton
Economic and Financial KPI
€ Mln
SALCEF GROUP
EBITDA Margin in line with expectations confirming resilience.
FVCF gave no contribution at EBITDA level as expected. First
contribution to come later in the year (4Q)
Positive impact form governmental measures in a substantially
stable cost environment
1Q 2023
1Q 2022
A (%)
Revenues
160.4
107.7
49.0%
-
EBITDA
32.9
21.8
51.1%
EBITDA Margin 20.5%
20.2%
D&A
EBIT
(10.5)
(8.4)
24.7%
22.4
13.3
67.8%
EBIT Margin
14.0%
12.4%
Adjusted Net Financial Income (Expenses)*
(2.9)
0.1
n.m.
Adjusted EBT
Adjusted Income Taxes**
Adjusted Net Profit
19.5
13.4
45.8%
>
(5.7)
(4.2)
35.6%
-
13.8
9.2
50.5%
* Fair value change of financial investments
** DTA reversal related to fair value change
of financial investments and revaluations
Net Profit
Adjusted Net Financial Position1
1.
2.
1.7
(3.0)
n.m.
(1.2)
(1.0)
(38.0%)
14.3
5.2
174.0%
>
35.2
26.02
35.2%
Higher D&A on the back of higher Capex made both in 2022 and 10
2023 in line with the Group's Capex plan
P&L adjustments related to:
Change in fair value of financial investments
-
DTA reversal
Tax rate at 29.2% aligned with Italy's nominal tax rate and expected to
benefit, starting from 2Q, from "Industry 4.0" and other tax incentives
Adjusted NFP at € 35.2 Min (Net Cash) factoring in the cash
generation for the period, which more than offset the buyback plan
and the CAPEX spending
Does not consider the fair value change on financial investments and the down payment on the Verona-Padua HS line contracts
Figure at 31 December 2022
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