Selecta Q1 Report 2022

SIGNIFICANT IMPROVEMENT OF SELECTA´S BUSINESS PERFORMANCE

• Adjusted EBITDA2 of €46.1m and margin up +2.3pp driven by strong pricing initiatives and structural cost savings
• Sales of €276.6m, showing a strong growth of +17.9% in a quarter still impacted by the pandemic
• Sales per machine per day recovery across all segments and Private segment gaining momentum
• Strong liquidity of €128.3m due to daily cash discipline maintained. We remain focused on free cash flow conversion, working capital and capex optimisation

STRONG SALES GROWTH AND PROFITABILITY IN A QUARTER STILL IMPACTED BY THE PANDEMIC

• Sales, still impacted by the pandemic saw a gradual pick up in the quarter reaching in the month of March 81% of 2019 levels
• Adjusted EBITDA2 margin up +2.3pp driven by strong pricing initiatives and structural cost savings
• LTM Adj. EBITDA2 of €211.7m
• Reported EBITDA increasing as a result of higher Adj. EBITDA and lower one-offs of €4.2m
• Free cash flow impacted by €10.5m one-offs cashed out in the quarter mostly driven by 2021
• Strong liquidity due to daily cash discipline maintained