Investor Presentaiton
Start-ups expected to break-even on Year 3 and typically
reach Group's profitability objectives in the following
years
Illustration: Example of a typical Eurofins' start-up
Start-up A
Revenue
Dynamic
growth
Start-ups development:
1)
2)
3)
* eurofins
Large investments have short-term dilutive impact on
Group's margins and FCF
Growth momentum allows start-ups to typically break-even
on Year 3 post-creation
From year 5 ROCE generally better than growth via
acquisitions
Total Cumulative CAPEX
Year 1
Year 2
Year 3
Year 4
Year 5
Pre-accreditation: Receiving
Establishing accreditation
infrastructure
Year 1
Year 2
Year 3
Year 4
Year 5
I
EBITDA
Break-even
achieved
Year 1
Year 2
Year 3
Year 4
Year 5
Start-up reaches
Developing towards
break-even
Group's profitability levels
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