Fabryka Farb I Lakierow Sniezka S.a. · GPW:SKA
Fabryka Farb I Lakierow Sniezka — FY2024 Earnings Presentation
41 slides from Fabryka Farb I Lakierow Sniezka's earnings presentation, Apr 11, 2025
Slide 1: Performance presentation of the Śnieżka Group for 2024
Performance presentation of the Śnieżka Group for 2024 11 April 2025
Slide 2: Agenda
SNIEZKA Introduction p.3 Enclosures p. 28-41
Slide 3: Introduction
Introduction ▪ In 2024, the Śnieżka Group generated sales revenues of PLN 798.4 million compared to PLN 857.8 million a year earlier. In the period subject to review, EBITDA amounted to PLN 142.8 million compared to PLN 159.4 million in the previous year, and net profit reached PLN 72.1 million vers
Slide 4: Agenda
SNIEZKA Environment p. 5-8 Enclosures p. 28-41
Slide 5: Macro 1/4 (GDP in major markets)
Macro 1/4 (GDP in major markets) Poland ▪ According to preliminary estimates, the gross domestic Quarterly gross domestic product dynamics y/y (in %, seasonally product in 2024 recorded a real growth of 2.9%, compared unadjusted GDP) to an increase of 0.1% in 2023. The preliminary estimate of Poland
Slide 6: Macro 2/4 (inflation across the key markets)
Macro 2/4 (inflation across the key markets) Consumer price index in the first nine months of 2024 (%) January February March April May June July August September October November December PL HU UA Poland: inflation increase from 3.9% in January to 4.7% in December Hungary: inflation decline from 3.
Slide 7: Macro 3/4 (EUR/PLN, USD/PLN)
Macro 3/4 (EUR/PLN, USD/PLN) EUR AND USD QUOTATIONS AGAINST PLN 7
Slide 8: Macro 4/4 (HUF/PLN and UAH/PLN)
Macro 4/4 (HUF/PLN and UAH/PLN) HUF QUOTATIONS AGAINST PLN UAH QUOTATIONS AGAINST PLN 8
Slide 9: Agenda
Agenda Performance p. 10-24 9
Slide 10: Performance summary
Performance summary PLN 798.4 mln PLN 142.8 mln PLN 72.1 mln of revenues (- of EBITDA of net profit 6.9% y/y) (-10,4% y/y) (-13.6% y/y) a decline in demand mainly due to unfavourable a decline in revenues chiefly followed by lower volumes, higher wage costs and a reference market conditions; base af
Slide 11: Key markets - Poland (1/3)
Key markets - Poland (1/3) THE POLISH MARKET (in PLN mln) -2.4% 591,1 576,8 PLN 576 814 thousand – Group’s revenues from sales on the Polish market in 2024 ▪share in the revenue structure: 72.2% ▪a decrease in sales revenues y/y by 2.4%, ▪a decrease in sales revenues was mainly the result of poor ec
Slide 12: Key markets - Hungary (2/3)
Key markets - Hungary (2/3) THE HUNGARIAN MARKET (in PLN mln) 128,2 -19.8% 102,8 PLN 102 807 thousand – Group’s revenues from sales on the Hungarian market in 2024 ▪share in the revenue structure: 12.9%, ▪a decrease in sales revenues y/y by 19.8% (in local currency a sales decrease by 12%), ▪predomi
Slide 13: Key markets - Ukraine (3/3)
Key markets - Ukraine (3/3) THE UKRAINIAN MARKET PLN 80 595 thousand – Group’s revenues from sales (in PLN mln) -8.8% on the Ukrainian market in 2024 88.4 80.6 ▪share in the revenue structure: 10.1%, ▪sales decline by 8.8% (in local currency by 5.2%), ▪following a strong start to the year, demand we
Slide 14: Revenue structure - product categories
Revenue structure - product categories (in PLN ‘000) 2023 2024 change (y/y) STRUCTURE OF THE GROUP'S SALES REVENUES BY PRODUCT CATEGORY IN 2024 SALES REVENUES OF THE ŚNIEŻKA GROUP BY PRODUCT CATEGORIES Decorative products Decorative products 694 659 662 026 -4.7% 82,9% Construction 102 803 86 943 -1
Slide 15: P&L (key items): 2024
P&L (key items): 2024 In 2024 the Śnieżka Group generated a consolidated net profit Net profit attributable to shareholders of the parent company of PLN 72,091 thousand, i.e. by 13.6% lower than in the amounted to PLN 69,351 thousand (a decrease by 10.7% y/y). corresponding period of the previous ye
Slide 16: P&L (key items): Q4 2024
P&L (key items): Q4 2024 In Q4 of 2024 the Śnieżka Group generated a consolidated Net profit attributable to shareholders of the parent company net profit of PLN 4,682 thousand, i.e. by 363.1% higher than in amounted to PLN 4,708 thousand (an increase by 668% y/y). the corresponding period of the pr
Slide 17: Cash flow
Cash flow THE ŚNIEŻKA GROUP’S CASH FLOWS IN 2024 Negative cash flows in 2024 in the amount of PLN 10,042 thousand (adjusted for exchange differences). 118 471 Cash and cash equivalents amounted to PLN 55,623 thousand at the end of the reporting period. (29 126) (35 192) ▪Negative cash flows from inv
Slide 18: Balance
SNIEZKA GROUP. (in PLN min) 31.12.2023 31.12.2024 change (y/y) 564.1 549.2 -2.6% 116.2 100.3 -13.6% 58.8 65.5 11.4% Equity 374.1 395.0 5.6% Trade and other liabilities 101.5 74.9 -26.2% As at December 31, 2024, the value of assets of the Group amounted to PLN 785,297 thousand, which accounts for a d
Slide 19: Debt
Debt THE ŚNIEŻKA GROUP’S LIQUIDITY AND DEBT RATIOS 19
Slide 20: Dividend
Dividend ( in PLN ‘000) PLN 544,221 thousand Total value of dividend paid since the debut on the WSE 20
Slide 21: Śnieżka's Sustainable Development Strategy
Śnieżka’s Sustainable Development Strategy The provisions of the Strategy are presented in a multi-year The strategic goal of the Śnieżka’s Sustainable Development perspective and relate it to the business model. The document was Strategy: drawn up for the parent company FFiL Śnieżka SA and Śnieżka
Slide 22: Selected ESG indicators of the Śnieżka Group in 2024
Selected ESG indicators of the Śnieżka Group in 2024 Employees: The Śnieżka Group published its first report in accordance with the -3.51 pay gap (unadjusted) between women and men CSRD Directive, which employed under open- was positively verified by 90,65% ended contracts one of the leading audit t
Slide 23: Strategic goals (1/2)
Strategic goals (1/2) ▪ Net revenue of PLN 1.1 billion ▪ EBITDA margin 18% Together with the publication of the annual report for 2023, a ▪ Share in key markets above 20% decision was made to announce new strategic goals of the Śnieżka ▪ Key brands in the TOP 3 spontaneous Group until 2028 recogniti
Slide 24: Strategic goals (2/2)
Strategic goals (2/2) Assumptions: ▪The adoption of the goals is based on the assumption that the conditions for conducting business activities will remain stable, which includes legal, tax and Not only will their administrative regulations in Śnieżka's key markets. implementation increase The Manag
Slide 25: Agenda
SNIEZKA GROUP. Enclosures p. 28-41
Slide 26: Medium-term perspective
Medium-term perspective The main external factors affecting the Group's performance in Main internal factors affecting the Group's the coming quarters will be: performance: ▪Development of the product offer in current sales channels. Macroeconomic: Geopolitical: ▪Growth rate of Gross Domestic ▪Armed
Slide 27: Agenda
Agenda Enclosures p. 28-41 27
Slide 28: Selected awards and distinctions
Selected awards and distinctions European Coatings ESG ranking: Silver EcoVadis Medal ranking Responsible For the second time, Śnieżka’s activities in For the seventh time, the Śnieżka Group has Management 2024 the area of sustainable development have been ranked among the largest and best- been as
Slide 29: Mission and vision
SNIEZKA GROUP MISSION AND VISION MISSION Our values: We believe COIOUrS matter. We want to Mies ltan? a @ . inspire with colours, < of UF Innovation create space, : ‘ build emotions. : - a *. Business QO efficiency
Slide 30: Selected financial information
Selected financial information CONSOLIDATED STANDALONE (in PLN ‘000) As at/period As at/period (in PLN ‘000) As at/period As at/period 12 months ended 12 months ended 12 months ended 12 months ended 31 December 2023 31 December 2024 31 December 2023 31 December 2024 Net sales revenues 568 736 521 66
Slide 31: Seasonality
Seasonality SEASONALITY OF SALES OF THE ŚNIEŻKA GROUP IN POLAND (in PLN mln) 2020 2021 2022 2023 2024 ▪ Seasonality is observed in the Śnieżka Group’s activities, which stems from the intensity of renovation work performed at different times of the year. The greatest interest in the work in question
Slide 32: Foreign markets
Foreign markets The markets where our companies are based Other foreign markets where we actively operate: Moldova Slovakia Romania Kazakhstan Armenia Lithuania Georgia Czech Republic Serbia 32
Slide 33: Our locations
Our locations Warsaw Brzeźnica, Pustków, Lubzina, Zawada Radom BELARUS 7 production facilities POLAND 4 countries, where our offices, facilities and warehouses are located UKRAINE Production facilities HUNGARY Offices Zhodino near Minsk Logistics centre Bócsa Yavoriv 33
Slide 34: Portfolio
Portfolio PREMIUM VALUE FOR MONEY WALLS WOOD METAL FACADES PUTTIES 34
Slide 35: Brand structure
Brand structure SUB-BRANDS: SUB-BRANDS: SUB-BRANDS: SUB-BRANDS: CERAMIC PLATINUM RADACH EKO, EKO PLUS #KOLORLOVE INNTALER FOR GATES AND FENCES SUPERMAL CREATIVE WHITE CELLKOLOR FOR CONCRETE ACRYL PUTZ BE EKO BOROKA DIRECTLY TO RUST BARWY NATURY (COLOURS OF NATURE) GRUNT (PRIMER) NON REFLEX CHLORINAT
Slide 36: Our key brands 1/2
Our key brands 1/2 The core brand of the Group, which Products for the most demanding An umbrella brand, which offers offers a wide range of products. Its customers who value quality and a wide portfolio of products for portfolio is comprised of products for style. The portfolio of this the protecti
Slide 37: Our key brands 2/2
Our key brands 2/2 A top quality brand for wood A brand specializing in the production A brand of facade products protection and decoration. The of decorative products (enamels for based on decorative plasters brand's offer has been prepared for metal protection and decoration) and and facade paints
Slide 38: Market in Poland: other key manufacturers
Market in Poland: other key manufacturers A manufacturer of paint, varnishes, chemicals, optical products, glass and Dutch manufacturer of paints and glass fibres, listed on the New York Stock varnishes and special-purpose Exchange. chemicals, listed on Euronext Amsterdam. The core brands are as fol
Slide 39: Raw materials for the paint production
Raw materials for the paint production Resins - natural or synthetic substances that bind pigments and fillers in paint with each other and with the substrate. They ensure paint properties such as: wash and scrub resistance and gloss. Generally, the higher the resin content, the higher the quality a
Slide 40: Disclaimer
Disclaimer Reading the content of this Presentation ("Presentation") or participation in a meeting at which this Presentation is displayed or discussed, shall be equal to the acceptance of the content of the following disclaimer. This Presentation has been prepared by Fabryka Farb i Lakierów Śnieżka
Slide 41: Thank you
Thank you Fabryka Farb i Lakierów Śnieżka SA the company’s registered office: Warsaw, ul. Chłodna 51 mailing address: 39-207 Brzeźnica, ul. Dębicka 44 Aleksandra Małozięć ESG and Corporate Communications Director aleksandra.maloziec@sniezka.com phone: +48 667 660 399 41
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