Slide 1: Inflection Point in Our Growth Journey: Preliminary Results
24 June 2025 INFLECTION POINT IN OUR GROWTH JOURNEY Accsys Technologies PLC Preliminary Results For the year ended 31st March 2025
Slide 2: Agenda
2 AGENDA 01 02 03 04 Overview Financial Business Outlook Review Review
Slide 3: Presentation team
ACCSYS Presentation team Dr Jelena Arsic van Os Sameet Vohra CEO CFO Joined the Accsys Board in Joined the Accsys Board in June 2023. September 2024. Over 20 years’ experience More than 25 years’ in senior executive experience in finance, with leadership roles in large-cap over 20 years’ experience
Slide 4: Overview
01 Overview Dr Jelena Arsic van Os Chief Executive Officer 4
Slide 5: FY25 Highlights: A Year of Significant Progress
FY25 HIGHLIGHTS 13% increase in total Accoya sales¹ volumes A YEAR OF SIGNIFICANT PROGRESS at 63,864m³ (FY24: 56,568m³) €136.6m Group revenue • FOCUS strategy launch, delivering strong results with adjusted EBITDA increasing by (FY24: €136.2m) 125% • Significant volume growth across all regions for
Slide 6: Financial Review
02 Financial Review Sameet Vohra Chief Financial Officer 6
Slide 7: Financial Overview – Strong Financial Performance
FINANCIAL OVERVIEW – STRONG FINANCIAL PERFORMANCE FY25 FY24 Change Sales volumes (m³) Group 57,104 56,568 +0.9% US JV – 100% 6,760 - - Total 63,864 56,568 +12.9% Revenues Group 136.6 136.2 +0.3% US JV – 60% share 10.8 - - Aggregated revenue 147.4 136.2 +8.2% Group (excl. JV) Gross profit 41.4 40.9 +
Slide 8: Accoya FY25 Performance
ACCOYA FY25 PERFORMANCE Total Accoya sales volume up 13%, with growth ahead of broader building materials market Sales volume by end FY25 Growth market Strong performance in UK & Ireland (+27%) and North UK & Ireland 14,980m3 27% America (+16%) Rest of Europe 15,359m3 16% North American sales transf
Slide 9: Group Revenue Progression FY25
GROUP REVENUE PROGRESSION FY25 North American volume transferred to AUSA JV (€ million) 150.0 Sales growth in all other regions fully replaced 10.8 147.4 the North America volumes transferred to the JV 145.0 140.0 Favourable product mix with higher Accoya 16.7 1.3 Color sales 135.0 136.2 (2.1) (0.4)
Slide 10: Gross Margin Progression FY25
GROSS MARGIN PROGRESSION FY25 (€ million) Gross margin increased by 30bps to 45.0 30.3%, above our strategic target level Gross Margin Gross Margin 30.0% 30.3% 43.0 Raw materials: 0.4 1.0 41.4 41.0 40.9 (0.3) 0.4 (0.2) • Favourable wood purchase pricing 1.3 39.0 • Improved acetic anhydride usage in
Slide 11: Adjusted EBITDA Progression in FY25
ADJUSTED EBITDA PROGRESSION IN FY25 REFLECTING STRONG FINANCIAL PERFORMANCE (€ million) 14.0 Operating costs improvements of €4.6m resulting from business transformation FY25 margin programme and Solid Roots operational 12.0 (2.3) 7.3% efficiency initiative, exceeding our target level 3.2 10.0 Trico
Slide 12: EBITDA Segmental Breakdown FY25
EBITDA SEGMENTAL BREAKDOWN FY25 Strong financial performance from the Accoya (€ million) segment (excl. JV) driven by operating cost improvements 25.0 Margin 16.6% (FY24: 13.6%) €2.1m of non-exceptional Hull costs incurred in (2.1) FY25, with annualised operating cost savings of €3.0m following plan
Slide 13: Net Debt Bridge
NET DEBT BRIDGE Continued strong operational cash (€ million) Leverage flow and focus on deleveraging the 45.0 2.5x balance sheet 0.3 1.4 40.0 Leverage 1.9 4.4x Free cash flow improvement to €8.8m (FY24: 4.3 €3.7m) 35.0 Working capital outflow of €7.0m driven by (7.1) higher inventory levels (€5.0m)
Slide 14: Financial Summary
FINANCIAL SUMMARY • Strong financial performance in FY25 • Total sales volume growth of 13% against a challenging building materials backdrop impacted by macroeconomic challenges • Adjusted EBITDA up 125% to €10.8m with 380bps improvements in margin to 7.3% • Growth in free cash flow generation and
Slide 15: Business Review
03 Business Review Dr Jelena Arsic van Os Chief Executive Officer 15
Slide 16: Strategic Platform in Place for Strong and Sustainable Growth
STRATEGIC PLATFORM IN PLACE FOR STRONG AND SUSTAINABLE GROWTH 16
Slide 17: Executing on our growth strategy FY24 – FY30
Executing on our growth strategy FY24 – FY30 Phase One FY24-27 Phase Two FY28-30 Phase Three FY30 Underway Optimise Grow Transform and Improve Operational efficiencies Expansion concept in the US implemented proved Sustainable profitable growth Full nameplate capacity utilised Additional C
Slide 18: Progress against phase one
Progress against phase one Sustainable profitable growth • Total sales volume growth of 13% to 63,864m³ Phase One FY24-27 • 16% growth rate in North America Underway • Run rate on track with FOCUS Phase One target • Resilient premium pricing Transform and Improve • Accoya price worldwide increased b
Slide 19: Optimizing our core asset in Arnhem
GROUP OPERATIONS Optimizing our core asset in Arnhem Encouraging European sales growth – Arnhem has already replaced the lost volume to Accoya USA Underlying EBITDA from Group operations, excluding Tricoya UK and the JV, increased by €5.1m to €18.9m Good progress on the operational efficiency progra
Slide 20: Supporting strong demand for Accoya Color
GROUP OPERATIONS Supporting strong demand for Accoya Color 34% year-on-year sales volume growth Investment in planing and dust extraction facilities, supports expanded product offering and quality assurance Second shift added in June 2025 at Barry facility to meet strong demand 20
Slide 21: Driving sales volume growth to meet our strategic targets
GROUP SALES AND MARKETING Driving sales volume growth to meet our strategic targets • Promising European and Aus/NZ growth • Continuing to add distribution to ensure coverage in high demand areas • Brand refresh and digital customer portal to support growth • Extending product portfolio to meet cust
Slide 22: Accoya USA Joint Venture: US Expansion
ACCOYA USA JOINT VENTURE US Expansion International expansion and successful start-up of Accoya USA JV 60:40 with Eastman; 43,000m3 capacity Construction costs of $136m; no further substantial investment in the short term Commercial operations in September 2024 The site is producing to our high-qual
Slide 23: Targeting one of the world's most attractive wood markets
ACCOYA USA JV Targeting one of the world’s most attractive wood markets Accoya USA distribution outlets • North America sales volume growth of 16% Map to be edited • Investment in sales and marketing capabilities and expanded team • Working with new and existing distributors to grow the base of manu
Slide 24: Project Highlights
PROJECT HIGHLIGHTS Accoya decking, Bow Bridge, NYC Accoya cladding, MOLLIE hotel, Colarado, USA Accoya Color decking, Hotel Flashcenm Switzerland Photography – Aaron Locke Supplier: Delta Millworks; Photography – Draper White Accoya Grey decking and cladding, Modern home, Accoya Color Grey Façade, A
Slide 25: Accsys Cares: Looking after people and the planet
ACCSYS CARES Looking after people and the planet • 100% responsible sourcing • +11 points S&P Corporate Sustainability Assessment • 56/100; top 20% in our sector • 73% employee satisfaction • 72% feel proud to work for Accsys • Structured wellbeing initiative at Arnhem • Investment in learning and d
Slide 26: Outlook
04 Outlook Dr Jelena Arsic van Os Chief Executive Officer 26
Slide 27: Outlook
Outlook We are encouraged by the positive start to the year. Whilst noting continuing macroeconomic challenges, Accsys is confident it will continue to deliver sales growth and execute on its strategic priorities for the year ahead, consistent with the Board’s expectations. The Group’s resilient pre
Slide 28: Substantial growth opportunity
Substantial growth opportunity Sustainability focused industry Growing addressable markets Inflection point disrupter Unique portfolio of world class The global wood products Executing on transformation IP backed high-end premium market is expected to grow strategy to drive accelerated sales from US
Slide 29: rs & ” > < g < cA
rs & ” > < g < cA
Slide 30: Disclaimer
DISCLAIMER NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION No representation or warranty, express or implied, is made or given by or on behalf of Ac
Slide 31: Appendices
Appendices 31
Slide 32: Industry disrupter: high performance premium sustainable wood products
Industry disrupter: high performance premium sustainable wood products APPLICATIONS APPLICATIONS Outdoor Windows Speciality Windows & Decking Fencing Cladding and & Doors Submerged Cladding Furniture Doors Wet Interiors Components BETTER THAN OTHER MATERIALS BECAUSE PROTECTED BY UNIQUE, COMPLEX AND
Slide 33: Our manufacturing facilities in Europe and the USA
Our manufacturing facilities in Europe and the USA ARNHEM, NETHERLANDS BARRY, WALES KINGSPORT, USA • First of its kind chemical process • Acquired in 2021 • JV Accoya USA • Operational since 2007 • Accoya colouring and profiling • Replica of Arnhem Accoya process • Able to operate at maximum capacit
Slide 34: Unique value proposition – high barriers to entry
Unique value proposition – high barriers to entry A genuine premium product with low maintenance costs, an unrivalled 50-year Product differentiation warranty, and the industry's only established acetylation manufacturing footprint IP protection 27 patent families across 45 countries, >300 patents I
Slide 35: Market share opportunity
Significant upside opportunity for Accsys to increase current market share positions in core markets driven by market trends and value proposition 8.6m m³ Market share opportunity Addressable market US Cladding, decking, windows and doors, Wood (addressable) 1.5m m³ Market share opportunity Addressa
Slide 36: Contact Details
CONTACT DETAILS www.accsysplc.com Accsys HQ and Group Sales Accsys Sales Office & Marketing office Accoya USA 4th Floor Building 470 3 Moorgate Place 200 South Wilcox Drive London,EC2R 6EA Kingsport, Tennessee, 37660 United Kingdom USA Accsys Manufacturing Accoya Color Manufacturing Plant Plant and