Masterplast Nyrt · BET:MASTERPLAST

Masterplast Nyrt — Masterplast — Investor Presentation (April 2023)

33 slides from Masterplast Nyrt's investor presentation, Apr 27, 2023

  1. Slide 1: Masterplast Investor Conference

    MASTERPLAST INVESTOR CONFERENCE 27th of April 2023

  2. Slide 2: Program

    PROGRAM  About Masterplast  Strategy 2023-2026  Updated profit forecast 2023-2026  Summary  Questions and answers

  3. Slide 3: About Masterplast

    ABOUT MASTERPLAST MASTERPLAST

  4. Slide 4: Divisions

    DIVISIONS CONSTRUCTION MODULAR HEALTHCARE INDUSTRY PRODUCTION INDUSTRY

  5. Slide 5: Market Presence

    MARKET PRESENCE 1997 HUNGARY 1999 2001 SLOVAKIA ROMANIA 2002 SERBIA 2002 CROATIA 2002 NORTH MACEDONIA 2005 POLAND 2005 UKRAINE 2020 GERMANY 2022 ITALY HQ / PRODUCTION PRODUCTION SUBSIDIARIES EXPORT COUNTRIES

  6. Slide 6: Level Up

    € € LEVEL UP € 191,5 201,8 € € 122,7 € 107,1 97,3 88,8 2017 2018 2019 2020 2021 2022 928 925 1099 1109 1379 TURNOVER TEAM 1499 million euros Number of employees on 31 December

  7. Slide 7: Audited Results 2022

    AUDITED RESULTS 2022 Index 2021 2022 2022/2021 Sales (mio EUR) 191,5 201,8 5% EBITDA (mio EUR) 22,8 20,6 -10% EBITDA ratio 11,9% 10,2% EBIT (mio EUR) 18,3 15,1 -17% EBIT ratio 9,5% 7,5% PAT (mio EUR) 16,1 15,7 -2% PAT ratio 8,4% 7,8%

  8. Slide 8: Re-elected Board of Directors

    RE-ELECTED BOARD OF DIRECTORS Non-independent members Independent members Bálint Fazekas Dávid Tibor  Commercial Director of  President of Euronics Hungary Masterplast  A pioneer of online sales  Founder, owner and automated  In charge of the warehouse systems in acquisitions and Hungary. comme

  9. Slide 9: Situation Assesment

    SITUATION ASSESMENT  The negative impact of the high inflation and interest rate environment has led to a contraction in housing demand  Incorrect forecasting of market trends  Running out of state support programs related to building renovation, delay in starting new ones  Decline in demand for

  10. Slide 10: Situation Assesment

    SITUATION ASSESMENT  Strategy unchanged, stable vision  Low demand, intensifying competition, decreasing margins - waiting in the market  The negative impact of raw materials purchased at a high price can be felt until the end of Q2 2023  Low utilization of production capacities, deterioration o

  11. Slide 11: Situation Assesment

    SITUATION ASSESMENT  We expect a loss-making business in H1 2023, which will improve in H2 2023  Mineral wool insulation material investments are being implemented, the final budget of which has become significantly higher  The involvement of a co-owner is also required for the implementation of

  12. Slide 12: Forecast 2023

    FORECAST 2023 2022 FC 2023 Sales (mio EUR) 201,8 175 EBITDA (mio EUR) 20,6 8,0 EBITDA ratio 10,2% 4,6% PAT (mio EUR) 15,7 1,0 PAT raio 7,8% 0,6%

  13. Slide 13: Strategy 2023-2026

    STRATEGY 2023-2026 MASTERPLAST

  14. Slide 14: Dominant European Trend

    • The European Union's "Fit for 55!" package of measures aims to align the EU's climate and energy legislative framework with the EU's climate neutrality objective for 2050 and the EU's target of at least 55% reduction in net greenhouse gas emissions by 2030 compared DOMINANT to 1990 levels EUROPEAN

  15. Slide 15: Dominant European Trend

    • The annual energy savings target for final energy consumption should be gradually increased between 2024 and 2030. The member states will have to gradually increase their energy savings from 2024 to 2030. The end-use energy savings will on average DOMINANT account for 1.49% of the total consumptio

  16. Slide 16: The Basis for Implementing the Strategy

    THE BASIS FOR IMPLEMENTING THE STRATEGY

  17. Slide 17: Fiberglass Mesh

    FIBERGLASS MESH  A basic element of the facade thermal insulation system, demand is expected to increase  Masterplast is the 2nd largest mesh producer in Europe and the 3rd largest in the world  Competitive production capacity - 150 million m2/year  Mesh production units based on traditional and

  18. Slide 18: Roofing Foil Production

    ROOFING FOIL PRODUCTION  It is a defining element of high roof insulation and side wall insulation of prefabricated houses  High quality competitive production  Increasing capacity utilization  Europe's 3rd largest producer

  19. Slide 19: EPS Production

    EPS PRODUCTION  Most popular facade insulation material in East-Central Europe  Two new investments in Hungary and Italy worth nearly EUR 5 million;  Plus 600 000 m3/year of new capacity  We expect an increase in demand for facade insulation systems

  20. Slide 20: XPS Production

    XPS PRODUCTION  Watertight thermal insulation solution, popular footing insulation  Location: Subitoca, Serbia  Investment size: EUR 14 million, 50% non-refundable state aid  Planned start: 2023 Q2  We expect an increase in demand for facade thermal insulation systems

  21. Slide 21: Stonewool Production

    STONEWOOL PRODUCTION  Location: Halmajugra, Hungary  Investment size: ~ EUR 49M  Strategic agreement with Market Építő Zrt., 50% ownership  Planned capacity: 35 000 t  Non-refundable State aid  Planned production start: 2025 H1

  22. Slide 22: Glasswool Production

    GLASSWOOL PRODUCTION  Acquisition of PIMCO Ltd.  Location: Szerencs, Hungary  Investment size: ~EUR 47,5 M  Involvement of a co-owner  Planned capacity: 19 000 t  Non-refundable State aid  Planned production start: 2025 H1

  23. Slide 23: Masterplast BAU Messe München 17-22 April 2023

    MASTERPLAST BAU Messe München 17-22 April 2023

  24. Slide 24: Strategic Focus

    STRATEGIC FOCUS  Priority focus area is building energy, renovation sector => insulation material production  Modular business - innovative area, future-oriented development with a long run-up  Healthcare industry - low demand, obtaining certificates, participation in public tenders

  25. Slide 25: Organisational Structure

    ORGANISATIONAL STRUCTURE  New organisational structure for a changed environment  CEO: Tibor Dávid  Renewal of the Group-level Operational Management Board  Staff adjusted to market needs  Digitalisation efforts

  26. Slide 26: ESG Approach

    ESG APPROACH  2022 report according to GRI standard  Reduction of waste and emissions, as well as energy consumption  Use of renewable energy resources  Focus on circular economy  CSR programs  Transparent, ethical operation according to stock exchange standards

  27. Slide 27: Updated Profit Forecast 2023-2026

    UPDATED PROFIT FORECAST 2023-2026

  28. Slide 28: Updated Profit Forecast 2023-2026

    UPDATED PROFIT FORECAST 2023-2026 Profit after Profit after Sales EBITDA EBITDA (million euros) (million euros) % tax tax (million euros) % 2020 122.7 11.1 9.0% 6.4 5.2% 2021 191.5 22.8 11.9% 16.1 8.4% 2022 201.8 20.6 10.2% 15.7 7.8% 2023 forecast 175 8.0 4.6% 1.0 0.6% 2024 forecast 241 24.1 10.0% 1

  29. Slide 29: Dividend Forecast

    DIVIDEND FORECAST  We return to the original track  2024 forecast: 66 HUF/share  2025 forecast: 77 HUF/share  2026 forecast: 88 HUF/share  We are committed to an increasing dividend policy

  30. Slide 30: Base of Performance

    BASE OF PERFORMANCE  Increasing the share of own produced products and the manufacturer's margin  Economies of scale  Operational efficiency  Higher efficiency in the production of stone and glass wool  Full range of insulation materials

  31. Slide 31: Summary

    SUMMARY The decade of thermal insulation is still ahead of us, building energy is a priority EU programs and energy independence goals are stable An expected wave of support from the EU reconstruction fund may cause a sudden upturn in the market environment Long-term prospects have strengthened The

  32. Slide 32: Questions & Answers

    QUESTIONS & ANSWERS MASTERPLAST

  33. Slide 33: Thank you for your attention

    Thank you for your attention © MASTERPLAST

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