Sch Environnement Revenue at March 31, 2017 Conference call on - - PowerPoint PPT Presentation

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Sch Environnement Revenue at March 31, 2017 Conference call on - - PowerPoint PPT Presentation

Nov 10, 2023 636 likes •740 views

Sch Environnement Revenue at March 31, 2017 Conference call on April 26, 2017 A buoyant first quarter Active external growth strategy on HW and NHW markets : change of perimeter since January 1, 2017 Perimeter effect in France:

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SLIDE 1

Conference call on April 26, 2017

Séché Environnement Revenue at March 31, 2017

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SLIDE 2

A buoyant first quarter

Active external growth strategy on HW and NHW markets : change of perimeter since January 1, 2017

  • Perimeter effect in France: +€3.3m

La-Croix-Irtelle (Treatment) Energécie (Energy Recovery) Séché Ouest (Services)

  • Perimeter effect abroad: +4.2m

Spain (Services): Solarca, a chemical cleaning specialist Latin America (Treatment): SAN Chile and Befesa Peru, hazardous waste storage

Growth confirmed: Contributed revenue up +5.7% at constant scope

  • Momentum of the HW division: +11.0% at constant scope

Good performance by recovery: regeneration, etc. Momentum of Services: pollution control, nuclear services

  • Satisfactory level of activity in the NHW division:

Change of -3.5% at constant scope mainly due to incineration businesses (substitution of HW in a strategy of waste mix optimization in Salaise 3) Resilient treatment businesses and solid service activities

Revenue at March 31, 2017 2 Chemical cleaning Solarca (Spain) Energy recovery in La-Croix-Irtelle (Brittany) Platform in Nivillac (Brittany) Befesa Peru SAN Chile

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SLIDE 3

Reported revenue

Revenue at March 31, 2017

Non-contributed revenue: €9.0m

  • IFRIC 12 revenue: €3.8m

(€0.7m at 3/31/2016)

  • Compensation: €5.2m

(€1.5m at 3/31/2016) Diversion compensation and other compensation related to the situation at the Strasbourg- Sénerval incinerator

Contributed revenue: €124.2m

(€110.3m at 3/31/2016)

i.e. +12.6% gross +5.7% organic

  • Scope and foreign exchange effects: +€7.6m
  • Organic growth in line with forecasts:
  • Momentum of the HW division confirmed
  • Non-material downturn in the NHW division

(waste mix optimization in incineration) 3/31/2017 (reported)

133.2

124.2

HW division (organic) 3/31/2016 (reported)

112.5

110.3

NHW division (organic)

(1.4) 7.7

IFRS data in €m

0.7

IFRIC 12 revenue

3.1

Scope effect NHW

3.7 1.5

Scope effect HW

3.9 3.7 5.2 3.8

Compensation (Sénerval)

Change in contributed revenue

Internal growth

3

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SLIDE 4

Good activity level in France and Internationally Contribution of acquisitions

Revenue at March 31, 2017

104.7 110.8 3.3 5.6 5.8 4.3

2016 2017

International scope effect International constant scope France scope effect France constant scope

International: Revenue of €10.1m

(€5.6m at 3/31/2016)

i.e. +79.5% gross +3.1% organic

  • Insignificant foreign exchange effect
  • Scope effect: +€4.3m (o/w +€0.4m in NHW)
  • Latin America and Morocco: good performance

by PCB markets (spot effects)

France: Contributed revenue of €114.1m

(€104.6m at 03/31/16)

i.e. +9.0% gross +4.3% organic

  • Scope effect: €3.3m
  • Constant scope:
  • Momentum of Industrial markets
  • Recurrent Local Authorities markets

110.3 124.2 03/31

IFRS data in €m

4

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SLIDE 5

Dynamic HW division (65% of contributed revenue)

Revenue at March 31, 2017

69.5 77.2 3.9 40.8 39.4 3.7 2016 2017 NHW scope effect NHW constant scope HW scope effect HW constant scope

NHW division: Contributed revenue of €43.1m

(€40.8m at 3/31/16)

i.e. +5.6% gross

  • 3.5% organic
  • Comparable basis: repeat business. Incineration:

waste mix optimization in favor of HW

  • Scope effect: contribution to treatment (storage at

La Croix-Irtelle and SAN Chile) and Services (Séché Ouest)

HW division: Revenue of €81.1m

(€69.5m at 3/31/16)

i.e. +16.7% gross +11.0% organic

  • Comparable basis: good performance in Medical

Waste treatment ; dynamic recoveries (bromine); and services (decontamination, nuclear services)

  • Scope effect: contribution to treatment (Befesa

Peru and SAN Chile) and Services (Solarca)

03/31 124.2 110.3

IFRS data in €m

5

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SLIDE 6

Solidity of treatment Strong growth in Services businesses

21.8 23.5 0,2 58.5 58.5 3.2 30.0 34.6 4.2 2016 2017 Breakdown of contributed revenue by business line Services scope effect Services constant scope Treatment scope effect Treatment constant scope Recovery scope effect Recovery constant scope 22.5 27.1 2.6 7.5 7.6 1.5 2016 2017 Change in Services revenue by division NHW scope effect NHW constant scope HW scope effect HW constant scope

03/31 36.4 30.0

Revenue at March 31, 2017

03/31 124.2 110.3 +9.7% +8.4%

  • 6.4%

6

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SLIDE 7

Outlook confirmed for 2017

103.9 108.2 105.0 123.0 110.3 112.0 110.8 126.9 116.2 Q1 Q2 Q3 Q4 Change in contributed revenue per quarter (at constant scope) 2015 2016 2017

+5.3%

Good start to the year bolstering Group's expectations Modest growth in contributed revenue, on a comparable basis

  • Growth driven by the HW division
  • NHW division - repeat business

Contribution of external growth on a full- year basis

  • Scope effect, France: Revenue +€14m
  • Scope effect, Spain: Revenue +€18m
  • Scope effect, LatAm: Revenue +€11m

Revenue at March 31, 2017 7

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SLIDE 8

Contact: Website: www.groupe-seche.com

Manuel Andersen Head of Investor Relations m.andersen@groupe-seche.com

Q&A