(Finance) – The Board of Directors of AMCO extension – Asset Management Company approved the 2025 Strategic Plan called “made in AMCO”.
The plan in question integrates sustainability throughout the value chain and provides one diversified growth strategy. Are expected purchases of new wallets for 7.5 billion by 2025balanced between NPL and UTP, and the launch of new projects with strategic partners to respond to new market scenarios.
The projects include the creation of multi-originator funds for a total of 1.5 billion euro of AuM relating to specific sectors, geographical areas or categories of companies in difficulty and the implementation of GLAM platform for the management of post-Covid guaranteed creditsfor which a total contribution of 11.1 billion is estimated, of which 2.9 billion under management by AMCO and 8.2 billion under management by Special Servicer by 2025.
“Our ambition is to create new business opportunities through solutions favorable to all stakeholders, sharing perspective and innovation with our partners,” he said. Stephen CappielloPresident of AMCO, adding “the path traced confirms our DNA: we integrate ESG criteria throughout the value chain”.
“Sustainability for AMCO means accompanying companies on a recovery path – underlined the President – with a personalized and respectful approach to the customer, always oriented towards the search for collaborative and sustainable solutions”.
There Sustainability strategy of AMCO – explained explains Navy ChristmasCEO of AMCO – is based on four GSSE pillars: sustainable governance, credit sustainability, development of human capital, environmental protection and always pursuing profitability objectives for the company.
THE target 2025 indicate revenues up 15.4% annually in 2021-2025 up to €545 million in 2025 (€307 million in 2021), EBITDA expected to increase by 12.4% annually in 2021-2025 up to 297 million euros (186 million euros in 2021), Ebitda margin more than 50% at the end of the period. Expected one solid cash generation with a Cash Ebitda of 1 billion euros in 2025, or 2 times the 2021 figure (0.5 billion euros in 2021), supported by the positive trend in collections. One is also confirmed strong capital structure, with a CET1 ratio of 38.5% at the end of 2025 (37% at September 2022), well above the minimum regulatory level, and a 2025 NFP/Equity ratio of 1.0x.
During the three-year period, a hiring plan, for the management of new flows and for the set-up of GLAM. As for the objectives in support of the sustainable credit management, at least 25% of NPL collections and at least 85% of UTP collections deriving from collaborative management and the 55% decrease of greenhouse gas emissions arising from operational activities by 2025, ahead of regulatory deadlines.