Annual Report 2022
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ALIAXIS ANNUAL REPORT 2022

Growth with Purpose
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Aliaxis is a global leader in advanced fluid management solutions that enable access to water and energy.

Our 15000+ employees provide communities around the world with sustainable, innovative solutions for building, infrastructure, industrial, and agricultural applications, leading the industry in a way that anticipates the rapidly evolving needs of our customers and of society.

Our excellent results in 2022, and the far-reaching changes we are making to our operations, show our Growth with Purpose strategy is beginning to have real impact."

Chief Executive Officer

Our purpose and strategy

Our prime focus is on tackling the world’s huge challenge around people’s access to clean water, sanitation, and green energy. We’ve restated what we want to do as a business with a straightforward sentence: Our purpose is to bring solutions to the world’s water challenges and accelerate the transition to clean energy. The words may be simple. The challenge is not.

Our purpose and strategy

Highlights

Financial

Non-Financial

View footnotes

Financial

Revenue

4.3bn

Revenues climbed 11.3% on a like-for-like1 basis

Net profit

371m

Net financial debt

742m

Current EBITDA

728.2m

An increase of 8% reported, stable on a like-for-like1 basis

CEBITDA margin

16.8%

Above 15% for the third year in a row

Leverage

x1.0

Leverage of x1.0 CEBITDA

Non-Financial

Reduction in CO2

-12%

Renewable electricity

22%

Of our operations have transitioned

Recycled material

+22%

Externally sourced recyclate in our products

Hear from our leadership

What drives
Our leadership?

Thierry Vanlancker, Chairman and Eric Olsen, Chief Executive Officer, discuss our performance in 2022 and what, personally, gives them purpose and inspiration.

Hear from our leadership

TO FIND SOLUTIONS
TO THE WORLD’S
GREATEST CHALLENGES,
WE NEED TO ASK
BIG QUESTIONS

How we are sustainable

HOW CAN WE MAKE A REAL AND IMMEDIATE IMPACT ON THE CLIMATE AND WATER CRISES?

Line De Decker, Chief People and Sustainability Officer

How we are sustainable Sustainable
How we are innovative

HOW DO WE ENSURE OUR SOLUTIONS MEET OUR CUSTOMERS’ NEEDS AND MAKE A CONCRETE DIFFERENCE TO SOCIETY?

Sophie Desormière, Chief Growth Officer

How we are innovative Innovative
How we are locally grounded

HOW DO WE MAXIMISE THE POWER OF OUR BRANDS IN LOCAL MARKETS AND MAKE THE MOST OF OUR GLOBAL SCALE?

Eric Olsen, Chief Executive Officer

How we are locally grounded Locally grounded

WE'RE HARNESSING BREAKTHROUGH TECHNOLOGIES TO SOLVE THE WATER AND ENERGY CHALLENGES BEYOND 2025

How we are future focused

HOW CAN WE SOLVE
THE IMMENSE CHALLENGES
AROUND WATER?

Eric Olsen, CEO, explains how we are investing today in breakthrough technologies to address the long-term challenges around climate and water.

How we are future focused Future focused

Aliaxis Annual Report 2022

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Aliaxis Annual Report 2022

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Directors’ report and financial statements 2022

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Key Figures 2022

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© 2023 Aliaxis Group SA

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HIGHLIGHTS FOOTNOTES

  1. 2021 adjusted on a pro-forma basis to reflect the impact of the acquisition of Harco Fittings LLC in April 2022, Aquarius Spectrum in August 2022, OptiRTC Inc. in November 2022 and Lareter in December 2022. Impact of FX excluded to reflect underlying performance at constant exchange rate.

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VIDEO TRANSCRIPT

What drives our leadership?

Thierry Vanlancker, Chairman and Eric Olsen, Chief Executive Officer, discuss our performance in 2022 and what, personally, gives them purpose and inspiration.

 

E: Thierry and I warmly welcome you to the Aliaxis Annual Report for 2022. It covers a year of tremendous progress for the company, and tackling the challenges our world faces around access to water, sanitation, and the transition to clean energy, as well as on making our own operations more sustainable.

Q1: How was 2022 for Aliaxis?

T: 2021 was already a very strong financial year for Aliaxis and 2022 matched that great performance. The company maintained record EBITDA despite significant inflation throughout the year. This year, in 2022, Americas was the leading region for growth. We also completed two strategic acquisitions, one in the US and one in Italy.

Aliaxis delivered on a very solid performance, which confirms that the company has really changed gears. The Growth with Purpose strategy is progressing on all fronts, and I’m specifically pleased in what I see in the stepped up quality of the teams and the enthusiasm we feel when we visit the operations around the world.

E: Thank you Thierry, and you know that enthusiasm is confirmed in the step change in our profitability in 2022. Our revenues increased to 4.3 billion Euros, and our EBITDA margin was at 16.8%, which although it was down from 2021, it was well above our pre COVID levels. Our Growth with Purpose strategy that we initiated in 2021 is delivering upon all its promises, and we are on track to achieve our ambitious goals for 2025.

Q2: How has Growth with Purpose been received?

T: The complete board fully supports the strategic plan Growth with Purpose, it is a comprehensive strategy, which takes the company to the next level and we already see delivering, according to its promises. And what is really nice is that it’s being picked up more and more by the outside world too. There is great recognition for the company, and the solutions that we provide as a global leader.

E: Another highlight of the year was winning EY’s Belgium Company of the Year Award, which was a fantastic honour for Aliaxis to receive. It recognises how Aliaxis is a purpose driven company, aiming to solve some of the world’s water challenges and accelerate the transition to clean energy. This recognition validates our choices in the eyes of our customers, our employees, and our shareholders. It simply gives us more momentum to go further and deeper.

Q3: What inspires you?

T: As the new Chairman of the company, it’s fair to say on behalf of the board that we are inspired by the fact that Aliaxis brings positive solutions to the world’s water challenges. In fact, it is hard not to be enthusiastic for what’s still to come for Aliaxis. Enthusiastic for its ongoing growth trajectory, enthusiastic for its positive role that the company plays in society, thanks to its fluid management solutions, and enthusiastic for the immense potential still ahead.

E: Well, I’m enthusiastic as well Thierry, and I’m an optimist about all the things that we can do to make a difference in the world at Aliaxis. Water is our most precious resource, and it needs our urgent attention and action. At Aliaxis, we have the expertise and know how to tackle the world’s water challenges head on and accelerate the transition to clean energy.

We have a responsibility to leverage the power of our business model to make great things happen around water. That responsibility comes with a tremendous opportunity to leave the world a better place.