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    SKS   GB00BNR4T868

RENEWI PLC

(SKS)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/22 11:35:13 am
591 GBX   +2.43%
09/17RENEWI PLC : PDMR Shareholding
DJ
09/15RENEWI : A Q&A with … Otto de Bont
PU
09/08RENEWI PLC : Holding(s) in Company
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Renewi plc : Renewi July 21 AGM Trading Update vF

07/15/2021 | 02:16am EDT
Renewi plc (RWI) 
Renewi plc: Renewi July 21 AGM Trading Update vF 
15-Jul-2021 / 07:15 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 
(MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
 
 
 
 
 
 
15 July 2021 
 
Renewi plc 
 
("Renewi", the "Company" or, together with its subsidiaries, the "Group") 
 
Q1 Trading update 
 
Renewi plc (LSE: RWI), the leading international waste-to-product company, announces its trading update for the three 
months ended 30 June 2021. 
 
Renewi has started the year well, in line with our recently upgraded expectations for FY22.  Trading in all the Group's 
Divisions is significantly ahead of the first quarter last year, which was particularly impacted by the first lockdown. 
 
The Commercial Division has performed well.  As expected, we are seeing recovery in sectors such as hospitality, offset 
by a reduction in bulky waste which saw a significant increase in volumes during the lockdowns last year.  Strong 
recycled paper and ferrous metal prices have continued, as forecast. 
 
The Mineralz & Water Division has increased throughput on the soil treatment line to around 75 tonnes per hour (55% of 
capacity) from 50 tonnes per hour last year, with all the output converted to building materials, sand, gravel and 
filler.  Volume shipments of older stock of thermally cleaned soil (TGG) to two locations have begun on schedule. 
 
The Specialities Division has also started the year well, with all business units performing as expected. 
 
Good progress continues to be made with our three strategic growth initiatives - recovery of earnings at ATM, the 
Renewi 2.0 programme and our innovation pipeline - which will deliver significant additional revenues over the next 
three years and beyond.  In particular, we are continuing to gain traction with our innovation pipeline. The Board has 
approved the investment of EUR70m over the next 2-3 years in state-of-the-art sorting lines in Flanders, to meet the 
requirements of Vlarema 8 legislation, and in a new hard plastics sorting line in the Netherlands. 
 
Cash performance in the first quarter was strong, with tightly controlled working capital.  Core net debt as at 30 June 
2021 decreased by over EUR20m in the quarter to EUR321m, with leverage falling to below 2.0x net debt to EBITDA.  The Green 
bonds issuance of EUR125m at 3.0% to July 2027 is now fully subscribed and will replace the existing EUR100m Green bonds 
which are maturing in 2022. 
 
The Board remains confident in the Group's prospects for the financial year ending 31 March 2022. 
 
Longer term, the transition to increased recycling will continue to support our business model. The sustainability 
agenda and the potential for a "green recovery" supported by the EU and national governments will present attractive 
opportunities for Renewi to convert waste into a wider range of high-quality secondary materials. 
 
 
For further information: 
 
 
 
 
 
 
                                                                                                                       Renewi plc 
Paternoster Communications 
                                                                                                                       Adam Richford, 
Tom Buchanan                                                                                                           Head of IR 
+44 (0)20 3012 0241                                                                                                    +44 7976 321 
                                                                                                                       540 
 
 
Ben Honan 
                                                                                                                       Michelle 
                                                                                                                       James, Head of 
+44 (0)20 3012 0241                                                                                                    Communications 
                                                                                                                       +44 7773 813 
                                                                                                                       180 
www.renewi.com 
 
 
 

About Renewi

Renewi is a leading waste to product company that turns residual materials into secondary raw materials. By doing so we play a part in transitioning from a linear economy and help drive the progress needed to halt climate change. We have over 6,500 employees working from 165 operating sites in six countries across Europe and UK. Our extensive operational network means we are always close to our customers.

For Renewi, waste is a state of mind, and an opportunity. Our many years of knowledge and experience, combined with a broad range of services, allow us to offer sustainable, practical recycling solutions. We use innovation and the latest technology to turn waste into useful materials such as paper, metal, plastic, glass, wood, building materials, compost and energy. In other words, we turn today's waste into tomorrow's raw materials. The result of our work is less waste and contamination, a smarter use of scarce raw materials, a reduction in carbon emissions and as a consequence helping to slow global warming. At Renewi we contribute towards a cleaner, more circular world in which we "waste no more".

Visit our website for more information: www.renewi.com. -----------------------------------------------------------------------------------------------------------------------

ISIN:           GB0007995243 
Category Code:  AGM 
TIDM:           RWI 
LEI Code:       213800CNEIDZBL17KU22 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   117442 
EQS News ID:    1218997 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1218997&application_name=news 
 

(END) Dow Jones Newswires

July 15, 2021 02:15 ET (06:15 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
0X (ZRX/USD) 0.53% 0.9642 Real-time Quote.137.84%
RENEWI PLC 2.43% 591 Delayed Quote.42.93%
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Analyst Recommendations on RENEWI PLC
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Financials
Sales 2022 1 525 M 2 080 M 2 080 M
Net income 2022 26,3 M 35,9 M 35,9 M
Net Debt 2022 547 M 747 M 747 M
P/E ratio 2022 18,1x
Yield 2022 0,51%
Capitalization 473 M 646 M 645 M
EV / Sales 2022 0,67x
EV / Sales 2023 0,64x
Nbr of Employees 6 586
Free-Float 91,2%
Chart RENEWI PLC
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Renewi plc Technical Analysis Chart | SKS | GB00BNR4T868 | MarketScreener
Technical analysis trends RENEWI PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 591,00 GBX
Average target price 783,33 GBX
Spread / Average Target 32,5%
EPS Revisions
Managers and Directors
Otto Frank De Bont Group Chief Executive Officer & Executive Director
Toby Richard Woolrych Chief Financial Officer & Executive Director
Bernardus Johannes Maria Verwaayen Non-Executive Chairman
Maarten Buikhuisen Chief Information Officer
Marina May Wyatt Independent Non-Executive Director
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