Gr. Sarantis S.a. · ATHEX:SAR
Gr. Sarantis — Sarantis Group — FY2024 Earnings Presentation
18 slides from Gr. Sarantis's earnings presentation, Mar 13, 2025
Slide 1: Full Year 2024 Financial Results & 2025 Business Outlook
Full Year 2024 Financial Results & 2025 Business Outlook 13 March 2025
Slide 2: Forward-looking statement
Forward-looking statement This document contains certain “forward-looking” statements. These statements may generally, but not always, be identified by the use of words such as “outlook”, “forecast”, “objective”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “target”, “will”, “aim” and other
Slide 3: With you today
With you today Giannis Bouras Christos Varsos Group Chief Executive Officer Group Chief Financial Officer 3 Sarantis Group Full Year 2024 Financial Results
Slide 4: Full Year 2024 Highlights
Full Year 2024 Highlights Continuing our sustainable growth momentum Giannis Bouras, Group CEO
Slide 5: Focused execution drives continued growth
Focused execution drives continued growth Revenue Growth Gross Profit € 600.1m € 226.2m + 24.4% + 24.1% GP margin 37.7% -11bps EBITDA EBIT € 81.6m € 61.0m Organic Revenue Growth Organic EBITDA + 32.5% (excluding Stella Pack) (excluding Stella Pack) + 29.6% EBITDA margin 13.6% +82bps EBIT margin 10.2
Slide 6: Accelerating momentum across our categories
Accelerating momentum across our categories CONTRIBUTION VOLUME (units) NET SALES TO TOTAL SALES Beauty, Skin € 59.8m & Sun Care + 10.4% + 24.1% 10.0% Personal € 116.5m Care + 14.2% + 13.4% 19.4% Home Care € 212.0m Solutions + 38.5% + 29.2% 35.3% € 59.8m Private Label + 71.9% + 94.7% 10.0% Strategic
Slide 7: Winning across our geographies
Winning across our geographies CONTRIBUTION NET SALES TO TOTAL SALES € 170.6m Greece + 9.3% 28.4% € 184.1m Poland 30.7% + 66.8% € 98.9m Romania + 25.0% 16.5% Czech & € 45.8m Slovakia + 11.5% 7.6% € 40.4m West Balkans + 7.8% 6.7% € 25.0m Ukraine -0.9% 4.2% € 21.9m Bulgaria 3.7% + 10.9% € 13.2m Hungar
Slide 8: Enhancing our international expansion footprint
Enhancing our international expansion footprint Growth Drivers for Exports 2024 Exports Beauty, Skin & Suncare to selected international markets Net Sales €19.3m +11.9% y-o-y EBIT €5.0m +41.5% y-o-y EBIT% 26.1% +545bps y-o-y 8 Sarantis Group Full Year 2024 Financial Results
Slide 9: Stella Pack: generated strong synergies in 2024
Stella Pack: generated strong synergies in 2024 1st phase of 2025 complete €15m investments in Acquisition completed integration completed supply chain regranulation to support in January 2024 the full portfolio in 2024 optimization FY 2024 (€m) Net Sales 74.5 EBITDA 10.9 EBITDA margin 14.7% EBIT 7.
Slide 10: Simplification and efficiency – progress
Simplification and efficiency – progress Main projects on track – First milestones achieved ▪ New SAP implementation: Go-live of first wave successfully completed for Greece Czech Slovakia Hungary Accelerating digital ▪ Second wave to follow in 2026 for West Balkans, Romania, Bulgaria transformation
Slide 11: Financial Performance
Financial Performance Strong execution in 2024 marks key milestone in the growth journey Christos Varsos, Group Chief Financial Officer
Slide 12: Strong performance drives profitability
Strong performance drives profitability Consolidated Statement of Comprehensive income Amounts In €m FY 2024 FY 2023 Δ (unless otherwise stated) Net Sales 600.1 482.2 24.4% Gross Profit 226.2 182.3 24.1% Gross Profit margin 37.7% 37.8% - 11bps EBITDA 81.6 61.6 32.5% EBITDA margin 13.6% 12.8% + 82bps
Slide 13: All our product categories delivering strong growth
All our product categories delivering strong growth FY 2024 figures NET SALES EBIT EBIT % y-o-y y-o-y y-o-y Beauty, Skin € 59.8m € 8.9m 14.9% & Sun Care + 24.1% + 65.5% + 373bps Personal € 116.5m € 17.9m 15.4% Care + 13.4% + 36.0% + 257bps Home Care € 212.0m €24.4m 11.5% Solutions + 29.2% + 9.2% - 2
Slide 14: Strong growth across our geographies
Strong growth across our geographies FY 2024 figures NET SALES EBIT EBIT% y-o-y y-o-y y-o-y NET SALES EBIT EBIT% y-o-y y-o-y y-o-y € 170.6m € 21.7m 12.7% Greece € 170.6m € 21.7m 12.7% + 9.3% + 31.0% + 210bps Greece + 9.3% + 31.0% + 210bps € 184.1m € 10.6m 5.7% Poland Domestic market € 151.3m € 16.7m
Slide 15: Strong balance sheet
Strong balance sheet ▪ Balance sheet provides firepower & flexibility to ▪ invest organically ▪ support the transformation of the Group ▪ Stella Pack’s acquisition funded by ▪ fuel M&A activity existing cash ▪ Stable financial position with net debt of €8.5m as ▪ Committed loan facilities as a war-c
Slide 16: Enhancing shareholders value
Enhancing shareholders value Board’s proposal to AGM for 2024 dividend payment €20.0m (+33.3% to PY) €0.299174 per share Dividend payout ratio 43.5% (vs 38.2% in the PY) EPS €0.7125 per share (+ 20.8%) Share buy-back program in place 16 Sarantis Group Full Year 2024 Financial Results
Slide 17: 2025 Outlook building momentum in results delivery
2025 Outlook building momentum in results delivery 2025 Net Sales €628.0m + 4.7% vs 2024 in line with 5-year plan for 2025 2025 EBITDA 2025 EBIT growth €92.0m €70.0m + 12.7% vs 2024 + 14.8% vs 2024 +1.9% vs 5-year plan for 2025 +3.6% vs 5-year plan for 2025 Margins expansion EBITDA% 14.6% for 2025 +
Slide 18: Q & A
Q&A For further information on Sarantis Group please visit our website at https://sarantisgroup.com/ or contact our Investor Relations team: Eleni Moustakidou Investor Relations Manager emoustakidou@sarantisgroup.com +30 210 6173065