1
PRESENTATION
MAY 20TH, 2021
HALF – YEAR RESULTS
2
DISCLAIMER
The material contained in this document presents Derichebourg’s current business activities as of May 20th, 2021. It is provided in summary form and does not purport to be complete. It should be read in conjunction with the Group’s periodic reporting, registration document, and other announcements lodged with the Autorité des Marchés Financiers. Additional information about factors which may impact Group’s results are contained in the registration document, which is available on www.derichebourg.com and which can also be requested from the company.
To the extent that this document may contain forward-looking statements, such statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and which may cause actual results to differ materially from those expressed in the statements contained in this release.
This document is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation, or needs of any particular investor.
3
TABLE OF CONTENTS
1.Key Take-out message
2.Focus on H1 2020-2021 results
3.Outlook
4.Calendar – Next steps
5.ECORE ACQUISITION
4
KEY TAKE-OUT MESSAGE
5
KEY CONSIDERATIONS IN H1 2021
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK OUTLOOK ECORE ACQUISITION
Environmental Services – Recycling
Very strong financial performance in H1, due to :
- Higher volumes
- Higher margins
- Stable cost base
- Spain contribution beyond expectations
Services Activites :
Resilient and improving performance in services activities (Public Sector Services and Multiservices)
Deleveraging in H1 (-20 M€ net Debt), which should accelerate in H2
Signing of Ecore Acquisition
6
FOCUS ON H1 2020-2021 RESULTS
7
SIGNIFICANT IMPROVEMENT IN EBIT : + 176%
Source: Derichebourg
Consolidated financial statments Group
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
in millions of euros H1 2021 H1 2020 Var. Var.%
Turnover 1 649,9 1 302,3 + 348 + 27%
Current EBITDA 172,6 91,5 +81 +89%as a % to sales 10,5% 7,0%
Current EBIT 112,3 33,4 + 79 +237%as a % to sales 6,8% 2,6%
Turkey - Disposal subsidiary (0,3)
Spain - LYRSA restructuration (0,3)
France - Litigation with Veolia / Poly
Environnement3,7
Spain - Change of consolidation method /
Reyfra7,7
Italy - Result of disposal AEP MULTISERVIZI (2,3)
Cleaning – end of a litigation on social charges 2,9
others 0,3
EBIT 115,5 41,9 +74 +176%
Net income 74,7 23,1 +52 +224%
attributable to shareholders 73,6 22,4
attributable to minority interests 1,1 0,7
Comments
Environmental Services – Recycling
Ferrous scrap volumes have sharply increased driven by (i) a strong demand for ferrous scrap over the period, (ii) a strong use of EAF, in the context of some blast furnaces that have not reopened yet following Covid (EAF being more flexible), (iii) a strong demand from Turkey and (iv) a favourable comparison effect vs N-1 (that was hit by lower prices and 1st lockdown)
Non ferrous metals volumes recorded were even in Europe, due to suppliers focusing more on ferrous scrap, and decreasing in USA
Unit margins have improved significantly both for ferrous and non ferrous metals in a context of price increases
Derichebourg España was also an excellent contributor (€24m EBITDA over H1), testifying the group’s capacity to integrate targets
Opex: production expenses remained stable
Environmental Services – Services to Municipalities: have remained a recurring stream of revenues and profitability for the Group
Multiservices
Excellent dynamic for the Cleaning business (+18% in France, +16% in Spain-Portugal), driven by an organic growth and needs from clients in the Covid context
Decrease in revenue for the Temporary Work business (aero). Aero Services in France at breakeven point, which is very satisfactory in a challenging environment (-40% revenue)
8
ENVIRONMENTAL SERVICES : BENEFITED FROM RECOVERY IN WORLDWIDE ECONOMY
Source: Derichebourg
Recycling
+20,8% volumes in ferrous scrap sold (+14% at constant scope)
+8,2% volumes in non ferrous metals (-10% at constant scope, with +1% in Europe and – 30% in the USA)
Profitability was impacted by improvement of unit margins vs prior year : + 41,6 M€ (excl Spain)
Good performance of Aluminium post shredder activities (floating, refining)
Exit of lockdown and economic recovery created shortages in primary goods logistic chain which led to prices increases
We believe that a shift towards more demand in recycled materials is currently taking place, and that demand for recycled materials will remain high in the future as recycling contributes to mitigate climate warming compared to use of raw materials : even BOF want to increase their input of ferrous scrap into converters in order to reduce greenhouse gas emissions
Services to municipalities
Stable revenue. At constant scope, increase by 8%
Financial profitability remains best in class in France, and improves significantly in Canada in the context of contracts renewals
Environmental Services
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
in millions of euros H1 2021 H1 2020 Var. Var.%
Turnover 1 220,3 857,6 +363 +42%
Current EBITDA 153,3 70,7 +83 +117%as a % to sales 12,6% 8,2%
Current EBIT 107,1 26,6 +80 +302%as a % to sales 8,8% 3,1%
Spain - LYRSA restructuration (0,3)
France - Litigation with Veolia / Poly
Environnement3,7
Spain - Change of consolidation method /
Reyfra7,7
Italy - Result of disposal AEP MULTISERVIZI (2,3)
Others 0,9
EBIT 108,0 35,4 +73 +205%
Comments
9
DYNAMIC METAL RECYCLING MARKET DRIVEN BY STRONG STRUCTURAL AND REGULATORY TRENDS
Environmental Services - Recycling
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
1864
1273 1144
627 1056
~1900 Mt~2200 Mt
2020 2030 - EIA 2050 - EIA
Primary Recycling
Demand for Steel has been increasing…(1)
+18%
EAF – the main technology in steel recycling
(1) Source: Carbon 4 (2) Source: IEA 2°C Scenario (3) Source: Accenture – 2017 forecast
… and it is expected to continue (2)
25% 29% 33% 36% 39%
75% 70% 67% 64% 61%
2015 2020 2025 2030 2035
EAF BOF
EAF share in global production will continue to increase(3)
Electric Arc Furnace (EAF) is the modern methodology of steelproduction that relies on recycled scrap metal as its primaryfeedstock and uses graphite electrodes in the furnace
Basic Oxygen Furnace (BOF) is the traditional technology ofsteel production using the raw materials (Iron ore and coke.BOF still remains the preferred technology for high-quality steel
EAF share in the global steel production is increasing given itscompetitive advantages including high efficiency andflexibility as well as reducing the CO2 emission by up to 75%
880 1083 1220 1212 1246 1331 1327357
454 429 407 484 538 52812371537 1649 1619 1730 1869 1864
2009 2011 2013 2015 2017 2019 2020Other than EAF EAF
10
COMMODITY PRICES
Environmental Services - Recycling
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Steel and Aluminum prices increase significantly in the first months of 2021
Copper closes to 2011 record price
$ 4 000
$ 4 500
$ 5 000
$ 5 500
$ 6 000
$ 6 500
$ 7 000
$ 7 500
$ 8 000
Fe
b
Ma
r
Ap
r
Ma
y
Ju
n
Ju
l
Au
g
sep
t
Oc
t
No
v
De
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Ja
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Fe
b
Ma
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Ma
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Ju
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Au
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sep
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Oc
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No
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De
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Ja
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Fe
b
Ma
r
2018 2019 2020 2021
Copper LME Settlement ($) Copper (€)
1200
1400
1600
1800
2000
2200
2400
Feb
-18
Ma
r-1
8
Ap
r-1
8
Ma
y-1
8
Jun
-18
Jul-1
8
Au
g-1
8
Se
p-1
8
Oc
t-1
8
No
v-1
8
De
c-1
8
Jan
-19
Feb
-19
Ma
r-1
9
Ap
r-1
9
Ma
y-1
9
Jun
-19
Jul-1
9
Au
g-1
9
Se
p-1
9
Oc
t-1
9
No
v-1
9
De
c-1
9
Jan
-20
Feb
-20
Ma
r-2
0
Ap
r-2
0
Ma
y-2
0
Jun
-20
Jul-2
0
Au
g-2
0
Se
p-2
0
Oc
t-2
0
No
v-2
0
De
c-2
0
Jan
-21
Feb
-21
Ma
r-2
1
Aluminium LME Settlement ($/ton) Aluminium Metal Bulletin (€/ton)
$ 8 000$ 9 000
$ 10 000$ 11 000$ 12 000$ 13 000$ 14 000$ 15 000$ 16 000$ 17 000$ 18 000$ 19 000
Feb
Ma
r
Ap
r
Ma
y
Jun
Jul
Au
g
Se
p
Oc
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No
v
De
c
Jan
Feb
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Ap
r
Ma
y
Jun
Jul
Au
g
Se
p
Oc
t
No
v
De
c
Jan
Feb
Ma
r
Ap
r
Ma
y
Jun
Jul
Au
g
Se
p
Oc
t
No
v
De
c
Jan
Feb
Ma
r
2018 2019 2020 2021
Nickel LME Settlement ($) Nickel (€)
130 €
180 €
230 €
280 €
330 €
Feb
ma
r
Ap
r
Ma
y
Jun
Jul
Au
g
Se
p
oc
t
no
v
De
c
jan
Feb
ma
r
Ap
r
Ma
y
Jun
Jul
Au
g
Se
p
oc
t
no
v
De
c
jan
Feb
ma
r
Ap
r
Ma
y
Jun
Jul
Au
g
Se
p
oc
t
no
v
De
c
jan
Feb
ma
r
2018 2019 2020 2021
E40 ex 33 (Shredding Product) - €
11
COMBINED INCREASE IN VOLUMES IN FERROUS SCRAP AND IN NON FERROUS METALS
Environmental Services - Recycling
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Volume (in
thousands of
tons)
H1 2021 H1 2020
Yards Trading Total Yards Trading Total
Ferrous scrap 1 851,0 147,3 1 998,3 1 492,5 162,3 1 654,8
Non ferrous 317,0 5,0 322,1 290,1 7,6 297,7
Total volume 2 168,0 152,4 2 320,4 1 782,6 169,9 1 952,5
Revenue (in €M)
H1 2021 H1 2020
Yards Trading Total Yards Trading Total
Ferrous scrap 538,3 40,5 578,7 326,3 34,4 361,0
Non ferrous 505,6 0,0 505,6 368,6 0,0 368,7
Services 135,9 0,0 135,9 128,0 0,0 128,0
Total 1 117,8 40,5 1 220,3 822,9 34,4 857,6
1 493
162
1 655
290
8
298
1 851
147
1 998
317
5
322
Yards Trading Total Yards Trading Total
Ferrous scrap Non ferrous
YTD20 YTD21
+24% -9% +21% +9% -34% +8%
12
SATISFACTORY DEVELOPMENTS IN HOUSEHOLD WASTECOLLECTION SERVICES ACTIVITY
150 M€ yearly revenue, mostly in France, and in Canada
Canada : Renewal of the legacy contracts of the company in Montreal, with improved financial conditions
Gain of new contracts in Normandy (starting April 1st, 2021) with a yearly revenue of 10 M€, with a high level of innovation: natural gas and hybrid devices
From a financial standpoint, best half-year ever in this activity : benefits from its selective strategy in tendering only on contracts which prize technical innovation, quality of services, and not only price
Environmental Services - Recycling
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Key figures and locations
16 sites 1.2k trucks 1,500 kT
1.7k FTEs 60 contracts5-7 year contracts
Comments
13
DEVELOPMENTS IN SERVICES ACTIVITY
Increase by 45% in RecylingGross income.
Increase by 10% in Recylingexpenses.
Increase by 347% in recycling EBITDA.
1
2
3
Environmental Services - Recycling
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
1
2
3
Source: Derichebourg
In €MH1 2021 H1 2020 Var.
*Rec. PSS Total Env. Rec. PSS Total Env. Rec. PSS Total Env.
Gross margin ferrous & NFM
241,1 0,0 241,1 155,5 0,0 155,5 85,6 0,0 85,6
Gross margin others 1,5 0,0 1,5 (0,6) 0,0 (0,6) 2,1 0,0 2,1
Services 63,2 72,7 135,9 56,2 71,7 128,0 7,0 1,0 7,0
Gross income 305,7 72,7 378,4 211,1 71,7 282,8 94,7 1,0 95,7
Expenses (166,8) (58,4) (225,2) (151,9) (60,2) (212,1) (14,9) 1,8 (13,1)
Current EBITDA 138,9 14,3 153,3 59,2 11,5 70,7 79,8 2,8 82,6
Amortization (38,7) (7,4) (46,1) (36,8) (7,3) (44,1) (1,9) (0,1) (2,0)
Current EBIT 100,2 6,9 107,1 22,4 4,2 26,6 77,9 2,7 80,6
- Rec : Recycling - PSS : Public Sector Services - HWC: House Waste Collection
Comments
Lyrsa (Derichebourg España is accounted for 3 months in 2020 and 6 months in 2021)
14
ENVIRONMENTAL SERVICES EBITDA BRIDGE
Source: Derichebourg
Environmental Services - Recycling
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Gross Margin = + 61 M€ (excl. Dbg España)
RECYCLING activity HWC activity
15
H1 2021 - FINANCIAL HIGHLIGHTS MULTISERVICES
Source: Derichebourg
Multiservices
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
in millions of euros H1 2021 H1 2020 Var. Var.%
Turnover 429,2 444,4 (15,2) (3,4%)
Current EBITDA 24,0 22,3 1,7 +7,7%as a % to sales 5,6% 5,0%
Current EBIT 11,6 9,7 1,9 +19,1%as a % to sales 2,7% 2,2%
Turkey - Disposal subsidiary (0,3)
EBIT 11,6 9,4 2,2 +22,8%
Breakdown of revenue
5%
73%
10%
12%
TERTIARY INDUSTRY
HR & INTERIMURBAN AREA
Breakdown of EBITDA
8%
85%
6%
1%
TERTIARY INDUSTRY
HR & INTERIMURBAN AREA
16
H1 2021 FINANCIAL HIGHLIGHTS MULTISERVICES : INCREASE IN CLEANING, AND DECREASE IN MOST OF OTHER BUSINESSES
Multiservices
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Change in revenue
Change in EBITDA
Tertiary solutions : Improvement by 25% in EBITDA, linked to
revenue increase in Cleaning services, mainly in France
Industry : EBITDA is positive, and stands by 1,6 M€, which is
a good performance in this context. Long-term partial
activity makes it possible to adapt to all in turnover
Sourcing RH : Decrease in EBITDA is due to Aeronautics
Temporary work, whose size has become below critical.
Combination of both companies in progress in order to
make savings
Urban Maintenance : protective contract in case of
decrease in revenue
Tertiary Solutions : increase by 14,3% (Cleaning France :
+18%, Cleaning Spain-Portugal : + 16%) : mix of organic
growth and additional services in the context of a need
for secure working environments for customers' employees.
Electricity & HVAC : +4%.
Industry Solutions: Decrease by 39% in Revenue, mainly
due to low activity in Aeronautics since March 2020.
Sourcing RH : Decrease by 32% in revenue : -4% for
Generalist Temporary work but -61% for Aeronautics
Temporary Work.
Urban Maintenance : revenues decrease by 12%. Less
billboard services but more street lighting services
in M
€
Source: Derichebourg
218,5 233,7 247,0 273,2 312,2
77,1 73,6 74,267,2
40,876,9 69,4 73,7 77,4 52,918,2 20,8 23,826,5 23,4
390,6 397,4 418,7 444,4 429,2
YTD17 YTD18 YTD19 YTD20 YTD21
TERTIARY INDUSTRY SOURCING HR URBAN
8,0 10,2 8,9
16,320,44,5 2,5 2,8
3,11,6
0,7 1,8 2,0
2,00,2
- 0,6
0,2
- 0,2
0,8 1,8
12,514,7 13,5
22,3 24,0
YTD17 YTD18 YTD19 YTD20 YTD21
TERTIARY INDUSTRY SOURCING HR URBAN
Source: Derichebourg
in M
€
17
H1 2021 FINANCIAL HIGHLIGHTS HOLDING
Source: Derichebourg
in millions of euros H1 2021 H1 2020 Var.
Turnover 0,4 0,4 0,1
Current EBITDA (4,6) (1,5) (3,1)
n.a n.a
Current EBIT (6,3) (3,0) (3,4)
n.a n.a
Cleaning – end of a litigation on social charges 2,9
Others (0,6)
EBIT (4,0) (3,0) (1,1)
Holding
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
18
A STRONG BALANCE SHEET
Source: Derichebourg Source: Derichebourg
Balance Sheet
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
in M€ 2021.03 2020.09 Var.
Non current assets 1010 994 16
Net deferred tax assets 10 8 2
Working capital requirement 11 (45) 57
Financ. Instr, assets held for sale, and others 0 0 0
Total assets 1031 957 740
Equity 600 524 75
Provisions for risks and charges 87 89 (1)
Net financial indebtedness 321 341 (21)
Financ. Instr, liabheld for sale, and others 1 2 (1)
Net tax position 23 1 22
Total liabilities 1 031 957 74
Goodwill 261 261 0
Right of use assets 203 190 13
Intangible assets 7 7 (1)
Tangible assets 497 499 (2)
Financial assets 42 38 4
Total non-current assets 1 010 994 16
524
600
0,65
0,53
-
0,5
1,0
1,5
2,0
2,5
3,0
3,5
4,0
4,5
5,0
-
100
200
300
400
500
600
700
800
900
1 000
FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21
Equity, Net debt et Gearing
Equity (Book Value) Net financial debt Gearing (D/E)
19
DEBT FLOWS - CHANGE IN NET DEBT FROM SEPT20 TO MAR21
Source: Derichebourg
Leverage Debt/EBITDA : 1,22
March 2021
Bridge of net debt (€m)
Over H1 2021, EBITDA generationhad a strong positive impactpartially offset by WC variationand capex
The change in working capitaloutflows is explained by priceincreases and also someseasonality effect. Over H1 2021,the increase in prices had alimited impact, but it is to benoted that in H1, WCR is usuallycharacterized by higher levels(then normalized in August-September when the activity islower)
Capex + IFRS 16 represented c.44% of EBITDA, lower than theguidance in a context of strongdemand for metals (and highEBITDA)
Comments
Balance Sheet
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Gearing debt /equity : 0,53
59
17,4
20
EBITDA REINVESTMENT RATE IS WELL BELOW 50% IN H1 2021
Over H1, the group meets its objective to have CAPEX below 50% from EBITDA
CAPEX amount is impacted by CAPEX froze during COVID lockdown last year
Completion of a new post-shredding line in Coulombiers
Spain : updating of assets to group standards
New trucks acquired in Canada
Focus on capex in €m Comments
Balance Sheet
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Source: Derichebourg
172,6
EBITDA
59,0
CAPEX
36%44%
EBITDA & Capex (excl non-
recurring) relation
Excl. IFRS 16
17,4New leases (ifrs16)
21
SOURCES OF FINANCING – CREDIT LINES AS OF MARCH 31ST 2021 –VERY GOOD LIQUIDITY
Source: Derichebourg
Balance Sheet
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
210 210 210
100
100
130
130 130
300
296
47
114
104
104
10
146
146
146
58
58
58
141
-378 -378
520
1 204
570
321630
Outstanding as of March 2021 Used as of March 2021 Debt as of March 2021 Liquidity headroom as of March 2021
Term Loan March 2020 RCF March 2020 BEI loan Factoring Bilateral Term Loans Financial leases IFRS 16 Rights of use IFRS 16 vs IAS 17 Overdrafts (mostly uncommitted) Others Total
22
SOURCES OF FINANCING – MATURITY OF CREDIT LINES
Source: Derichebourg
Balance Sheet
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Legal approach for :
Overdrafts : most of them are uncommited but have not been cancelled in the past
Term Loan 2020 and RCF 2020, whose 1+1 extension periodshave not been taken intoaccount
Comments
210 210 180 150 120
100 100100
100100
130 130117
10491
78 65
300 300300
114 100
75
53
23
14 9
146129
96
68
42
2311
5959
59
59
59
5959
141
1204
1031
931
537
439
178148
0
200
400
600
800
1000
1200
1400
Outstanding as ofMarch 2021
30/09/2021 30/09/2022 30/09/2023 30/09/2024 30/09/2025 30/09/2026
Term Loan March 2020 RCF March 2020 BEI loan
Factoring Bilateral Term Loans Financial leases IFRS 16
Rights of use IFRS 16 vs IAS 17 Overdrafts (mostly uncommitted) Others
Total
23
OUTLOOK
24
SHORT TERM OUTLOOK
Good market conditions should last over H2, with highcommodities prices
Strong Chinese steel demand going forward. Effective May 1st,2021 Chinese government removed duties on steel and scrapimports
CAPEX to launch at the end of H2 or beginning of 2022 :
Increase in WEEE treatment capacity
Additional lead ingots production
Continuous growth trend in Services (both Public Sector Servicesand Multiservices)
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
25
ECORE IS THE #2 IN FRANCE AND ACTIVE ACROSS THE ENTIRE VALUE CHAIN OF METAL RECYCLING
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
France #2 player with a global presence … … with a strong & diversified asset base
82 sites (68
collection)252 trucks 2.3 MT
1.3K FTEs 500+ clientsLong-term
relationships
6 shredders 46 shears 267 cranes
Anti Trust Process
2
France
Belgium(2 sites)
Netherlands(1 site)
Switzerland(1 site)
Hungary(4 sites)
Romania(2 sites)
Luxemburg(1 site)
The pre-notification file for the proposed acquisition of Ecore is currently being reviewed by the relevant merger control authorities.
26
Continue to provide non-relocatable jobs
Lower CAPEX
RECYCLING IS AN EASY PART OF THE TOOLS TO FIGHT AGAINST GLOBAL WARMING AS THE GLOBAL IRON AND STEEL INDUSTRY ACCOUNTS FOR APPROXIMATELY 5% OF
TOTAL GLOBAL CO2 EMISSIONS, MAINLY CAUSED BY BLAST FURNACES
The recycling industry has become an integral part of
our modern society for the social & economic impact it
generates and its essential role for the future of our planet.
The use of recycled materials results in:
Less natural resources used
Less energy consumption and CO2 emissions compared
to production processes using virgin materials
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
27
METAL RECYCLING GENERATES SIGNIFICANT ENERGY SAVINGS
48%of world steel production is made from scrap (excluding China)
58%reduction in CO2 emissions by producing steel from scrap
75%of aluminum produced since the 1880s is still in circulation today
22,5million tons
Concretely… by using recycled materials, how much do we save?
of equivalent CO2 avoided per year in
France thanks to recycling companies
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
28
CALENDAR – NEXT STEP
29
CALENDAR – NEXT STEP
KEY TAKE-OUT MESSAGE H1 2020-2021 RESULTS OUTLOOK CALENDAR ECORE ACQUISITION
Annual General Meeting of Shareholders
FY 20/21 – Results
January 27th , 2022
December 7th, 2021
30
PRESENTATION
MAY 20TH, 2021
HALF – YEAR RESULTS