Thrace Plastics Holding And Commercial S.a. · ATHEX:PLAT
Thrace Plastics Holding And Commercial — Thrace Group — 3rd Mid Cap Conference October 2020
30 slides from Thrace Plastics Holding And Commercial's conference presentation, October 2020
Slide 1: Corporate Presentation 2020
CORPORATE PRESENTATION 2020 Je THRACE GROUP A WORLD OF MATERIALS & SOLUTIONS
Slide 2: Converting polypropylene into a world of material & solutions
v 7 / THRACE GROUP £ f =~. >. ; Sprint. f 7 * fi , PN CONVERTING POLYPROPYLENE #2. : —€ INTO A WORLD OF MATERIAL. > & SOLUTIONS FOR OVER-40 ores
Slide 3: Operates in three business sectors
OPERATES IN THREE BUSINESS SECTORS THE TECHNICAL FABRICS & PACKAGING SECTORS COVER A TOTAL OF 24 MARKET SEGMENTS. TECHNICAL FABRICS PACKAGING SOLUTIONS AGRICULTURE 4 THRACE GROUP A WORLD OF MATERIALS & SOLUTIONS
Slide 4: Thrace Group at a glance (2019)
THRACE GROUP AT A GLANCE (2079) 020020 eA 1,605 employees 2 Sales in 24 segment markets TN ae Operations in 28 different 9 countries production technologies i. ° FA 60% Converting more than production/ 110k MT 19% sales of PP/PE in Greece per year o Sales network in 80 countries ——<—— FY 2019 Group
Slide 5: Production and distribution facilities
• • • 100% JV Technical Fabrics BU Packaging BU Production / Distribution Facilities
Slide 6: Global presence (2019)
GLOBAL PRESENCE (2019) PRODUCTION GEOGRAPHICAL BREAKDOWN SALES GEOGRAPHICAL BREAKDOWN Rest of Europe 9% S-E Europe ernctic eo L 11% 10% B , Union excl ane ye Greece, UK 37% Asia, Africa, Oceania 3% * 60% of group production in Greece * Strong sales diversification through our global presence. Only 1
Slide 7: Technical Fabrics Business Unit
UNIT.
Slide 8: Technical Fabrics BU products
TECHNICAL FABRICS BUI PRODUCTS (01 GEOSYNTHETICS 05 SPORT LEISURE 09 AUTOMOTIVE 13 INDUSTRIAL FABRIC 10 PACKAGING FABRICS O7 FILTRATION The Technical Fabrics BU includes the production and trading of synthetic fabrics for industrial and technical uses. The Technical Fabrics BU has an international f
Slide 9: Technical Fabrics BU production & revenue breakdown (2019)
TECHNICAL FABRICS BUI PRODUCTION & REVENUE BREAKDOWN (2019) PRODUCTION GEOGRAPHICAL BREAKDOWN America® * 56% of group production in Greece * Global sales presence but mainly Europe (well diversified within Europe) and America * Before the transfer of the two production lines to Europe Rest of Europe
Slide 10: Packaging Solutions Business Unit
Slide 11: Packaging BU products
PACKAGING BUI PRODUCTS ae =) yer ay = PALLET COVERING / BAGS / FFS FILMS PACKAGING FILM FABRICS wl . INJECTION / BUCKETS / PAILS / CONTAINERS THERMOFORMING CUPS CRATES Ze ®V ie /s d CONTAINER LINERS / _— CARGO PROTECTION 4 THRACE GROUP A WORLD OF MATERIALS & SOLUTIONS
Slide 12: Packaging BU applications
PACKAGING BUI APPLICATIONS 4.5% GF Let 2 Animal Fish Feed 1 Agicltual Product Packaging <4 Butter / Spread / Yello fats ae , i =: ‘9 ertilizers 10 Food Bulk Products: ‘12 Kid Specialties TB Lubricants / Chemicals 14 Paints / Building Materials 15 Processed Meat / Poultry / Fish 16 Salads / Pickles /
Slide 13: Packaging BU production & revenue breakdown (2019)
PACKAGING BUI PRODUCTION & REVENUE BREAKDOWN (2019) PRODUCTION GEOGRAPHICAL BREAKDOWN * 69% of production and 58% of sales in Greece © Main markets are Greece and SE Europe (85%) SALES GEOGRAPHICAL BREAKDOWN S.E. Europe* 27% __ UK 3% Asia, Africa & Other 2% * Includes Bulgaria, Albania, Romania, Ser
Slide 14: Strategy: pursuing profitable growth through investment in capacity & innovation
AY Tf R A TE G 4 PURSUING PROFITABLE GROWTH THROUGH INVESTMENT IN CAPACITY & INNOVATION
Slide 15: Thrace Group strategy overview
THRACE GROUP I STRATEGY OVERVIEW SUSTAINABLE PROFITABLE GROWTH Market-driven Value Capture Organic growth (increase margins) * Increase Capacity * Further reduce production cost * — Geographical expansion * Improvement of Product Mix (shift of sales to the high margin products) * — Focus on two majo
Slide 16: Our contribution towards a more circular economy
OUR CONTRIBUTION TOWARDS TO A MORE CIRCULAR ECONOMY @ Gown uit Fully aligned with the European strategy for plastics and the transition to a more circular economy, Thrace Group turns today’s challenges into opportunities ensuring sustainable competitive advantages in the sectors it operates in, by:
Slide 17: In the Loop: solving the problem of waste
IN THE LOOP SOLVING THE PROBLEM OF WASTE We have created In the Loop an upcycling system through which, in cooperation with our customers and suppliers we collect, recycle and reuse the used plastic material creating valuable raw material for thousand new products OOP www.in-the-loop.gr 4 THRACE GRO
Slide 18: Financial Review
Slide 19: FY2019 P&L, balance sheet and key ratios
P&L 2019 2018 y-o-y Balance Sheet 2019 2018 Key Ratios 2019 2018 Turnover 327,795 322,733 1.6% Fixed Assets 149,645 147,643 Total Debt 105,579 101,186 Cost of Goods Sold -264,247 -259,508 1.8% Other NC Assets 20,471 19,377 Cash 22,051 22,824 Gross profit 63,548 63,225 0.5% Non Current Assets 170,116
Slide 20: H1 2020 financial results
Continuing Operations Continuing & Discontinuing Operations H1 2020 H1 2019 Δ H1 2020 H1 2019 Δ Turnover 155,376 155,173 0.1% 160,646 171,125 -6.1% Gross Profit 42,141 32,440 29.9% 42,393 33,649 26.0% Gross Profit Margin 27.1% 20.9% 26.4% 19.7% ΕΒΙΤ* 17,734 9,434 88.0% 14,927 8,541 74.8% EBIT Margin
Slide 21: H1 2020 key figures by segment
H1 2020 IFRS FINANCIAL RESULTS I KEY FIGURES by SEGMENT Turnover Gross Profit 200,000 48,000 27.1% 160,000 40,000 ¢ 2 EH 0.0% 120,000 2 32,000 95.0% ~ a 24,000 ye 0,000 § 2 8 e000 By 28.4% ooo 5 21.2% § 8,000 ° ° Technical Fabris AU Packaging BU Group Technical Fabrics BU Packaging BU Group 1112020
Slide 22: Balance sheet and key ratios
Balance Sheet 30-06-20 31-12-19 Key Ratios 30-06-20 31-12-19 Fixed Assets 149,173 149,645 Total Debt 87,632 105,579 Other NC Assets 21,028 20,471 Cash 40,660 22,051 Non Current Assets 170,201 170,116 Net Debt 46,972 83,528 Inventories 55,659 59,158 Net Debt / EBITDA 1.30 2.91 Receivables 58,100 57,4
Slide 23: H1 2020 cash flow summary
H17 2020 IFRS FINANCIAL RESULTS | CASH FLOW SUMMARY 80,000 pT TT eee 1 ! 22,114 ! 70,000 ! me | ' 227 | 60,000 | \ 499 1 1 1 | 11,598 50,000 | 26,059 ' 1 1 40,000 ! ! ' ' 15,520 728 40,660 30,000 ! ! 1 1 1 1 20,000 Ieee eee 1 eee eee 1 10,000 Free Cash Flow (excl. CAPEX): 45,956 oO Opening Cash Cash
Slide 24: H1 2020 net debt
H1 2020 IFRS FINANCIAL RESULTS | NET DEBT 40 3.0 oe . - * The high investment plan that started in 2015 20 x0 resulted in increased Net Debt in 2017 - 2019. = ; i S 20 1s | Wi 5 Net Debt/EBITDA in 2020 reached the lowest 5 o 10 levels of recent years and it's expected to reduce 3 os further by the e
Slide 25: H1 highlights & outlook for 2020
HIGHLIGHTS H1 2020 IFRS FINANCIAL RESULTS 1 H1 HIGHLIGHTS & OUTLOOK FOR 2020 OUTLOOK FOR 2020 Investment in New lines: 1. Metlblown line in Scotland 2. Surgical Face Masks production in Greece, Ireland & Scotland, achieving full vertical integration in this business segment Reduction of Net debt by
Slide 26: H1 2020 stock data
H1 2020 IFRS FINANCIAL RESULTS I STOCK DATA Stock Price & Volume Closing Price (€) i I i es & il il Ih hl i in é é q Wl bt & ~ £ Sa ¥ on < < Relative Performance (vs ASE index) 8 (spuesnoy,) awinjon, La al lh ih il I) Ih linia al Mi | ll? Wal | $ l F 2s ¥ § £ oF SF SS # SF £ mm Volume —Price 4 THRAC
Slide 27: Corporate governance
H1 2020 IFRS FINANCIAL RESULTS | CORPORATE GOVERNANCE BOARD OF DIRECTORS Constantinos Chalioris: Chairman & Group CEO Christos Komninos: Non-Executive Vice-Chairman Dimitris Malamos: Executive Member & Group Deputy CEO Vassilis Zairopoulos: Non-Executive Member Christos Chiatis: Non-Executive Member
Slide 28: ESMA alternative performance measures
H1 2020 IFRS FINANCIAL RESULTS | ESMA * Alternative Performance Measures (APM) During the description of the developments and the performance of the Group, ratios such as the EBIT and the EBITDA are utilized, * EBIT (The indicator of earnings before the financial and investment activities as well as
Slide 29: Disclaimer
H17 2020 IFRS FINANCIAL RESULTS | DISCLAIMER ‘This materia (the ‘Presentation’ has been prepared, issued and presented by Thrace Plastics Co S.A. (the "Company’} on thetterms set out below for the exclusive and confidential use of the persons to whom it is addressed (Recipients), solely for use by t
Slide 30: Contacts
Contacts Investors Relations loanna Karathanassi ikarathanasi@thraceplastics.gr +30 210 9875081 Group CFO Dimitris Fragkou dfragkou@thraceplastics.gr +30 210 9875015 OD connect with us www.linkedin.com/company/thrace-group/ www.thracegroup.com fe THRACE GROUP A WORLD OF MATERIALS & SOLUTIONS