Slide 1: Interim Results for the Six Months Ended 30 September 2018
ACCSYS INTERIM RESULTS # FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018
Slide 2: Disclaimer
ACCSYS DISCLAIMER The purpose of this document is to provide general information about Accsys Technologies PLC (“Accsys”) and its operations solely to the addressee. By accepting this document the recipient agrees to keep confidential at all times information contained in it or made available in con
Slide 3: Global Context - Material Choice
. i: ae >THE a Y = @ ix: Declare: vuscxeur ES ACCSYS GLOBAL CONTEXT- MATERIAL CHOICE Demand growing for sustainable alternatives to man-made and ‘ fossil-based materials «es Accoya® and Tricoya® enable consumers and specifiers to be more bicrabeieaned sustainable a We actively seek respected eco lab
Slide 4: Major Capacity Expansion and Strategic Progress
-, ACCSYS 4 TECHNOLOGIES PL i 7 = | MAJOR CAPACITY EXPANSION AND STRATEGIC PROGRESS | accoyaQ tricoyc é ; S 'S Technologies, 2018
Slide 5: Operational Highlights - Accoya
ACCSYS OPERATIONAL HIGHLIGHTS - ACCOYA® ran art of expansion operational - Benefits expected in second half of year - Output increasing to run-rate reflecting 50% capacity increase by end of financial year ¢ Demand for Accoya® continues to exceed production Price increase from January 2019 accoyaQ t
Slide 6: Operational Highlights - Tricoya
ACCSYS OPERATIONAL HIGHLIGHTS - TRICOYA® Tricoya® plant in Hull: c - €18.5m invested in period tn coy - Substantial work on key structures and all key equipment ordered - 11 new employees hired out of total of ~30 - Construction expected to be complete around mid-2019 - Operational following subsequ
Slide 7: Financial Overview
ff NANCIAL OVERVIEW | ~ = = ar —— — (ay t ‘ ‘© Accsys Technologies, 2018 BE trcoycD pe
Slide 8: Financial Highlights
ACCSYS TECHNOLOGIES PLC FINANCIAL HIGHLIGHTS ¢ Total revenue increased 12% 6 months ended 6 months ended ¢ Accova® sales volume up 8% to September 2018 September 2017 21,379m3 ll ll e G ross ma rg j n j m proved to 2 2 % Underlying Statutory Underlying Statutory reflecting price increases and TotalG
Slide 9: Segmental Analysis
SEGMENTAL ANALYSIS September 2018 €m €m €m €m €m €m Total revenue 31.1 31.6 Gross profit 6.9 0.1 - - 7.0 EBITDA 2.8 (1.3) (2.4) (0.5) (1.4) Underlying EBITDA 2.8 (1.2) (2.4) (0.5) (1.4) September 2017 €m €m em em €m €m Total revenue 28.3 28.3 Gross profit 5.6 - - - 5.6 EBITDA 0.9 (1.9) (3.2) (0.8) (
Slide 10: Accoya Revenue and Margin
ACCSYS ACCOYA" REVENUE AND MARGIN Accoya® segment revenue up 10% to €31.1m * Licensing income of €0.5m * Accoya® sales volume up 8% to 21,379m? ¢ Manufacturing margin increased to 21% from 20% - Benefit of price increases from January 2018 - 25% of sales for Tricoya®, up from 17%; 48% of sales disco
Slide 11: Balance Sheet
ACCSYS TECHNOLOGIES PLC BALANCE SHEET Gd Non-current assets 104.2 71.5 Current assets 48.9 63.5 Current liabilities (28.8) (21.4) Net current assets 20.1 42.1 Non-current liabilities (49.6) (40.1) Net assets 74.8 73.5 accoyaQ tricoyc © Accsys Technologies, 2018 11
Slide 12: Cash Flow
ACCSYS 6 months ended 6 months ended September 2018 €m September 2017 €m Cash flow from operating activities before changes in working (1.2) (2.5) capital Exceptional items - (1.6) Changes in working capital 1.1 (5.0) Net cash used by operating activities before tax (0.1) (9.1) Tax received/(paid) 0
Slide 13: Accoya and Tricoya Plant Progress
MAT-SU HEALTH FOUNDATION, USA - ACCOYA® CLADDING —— B ACCOYA® AND TRICOYA® PLANT PROGRESS | - * tricoyo | G. ee oN : Image: © Delta Millworks
Slide 14: Arnhem Reactor Now Operational
ACCSYS ete 34 reactor now operational * Capacity increased by 50% to in excess of 60,000m? >. Currentlyincreasing production volumes whilst working through post # 3 commissioning issues == ° Record production volumes now being achieved ¢ Anticipate being at close to capacity run-rate by March 2019 *
Slide 15: Tricoya Plant - Hull, UK
ACCSYS TRON PLANT - HULL, UK : Substantial construction work undertaken - €18.5m invested }* All key equipment orders placed - deliveries started * 11 of approx. 30 staff recruited for operational team o* ¢ Construction expected to be completed around mid-2019 * Operational following subsequent peri
Slide 16: TECHNOLOGIES PLC
TECHNOLOGIES PLC HOPFRONT Bai ACCSYS = ‘ _— = @ SS . Image: © MEDITE® TRICOYA
Slide 17: Outlook
ACCSYS OUTLOOK Demand exceeding current production capacity * Increase in capacity to 100,000m2 in 2019; more than doubled * Targeting EBITDA positive in second half of financial year * Looking ahead: — Planning for 4 reactor in Arnhem — Discussions progressing with partners for possible USA and Asi
Slide 18: TECHNOLOGIES PLC
ACCSYS TECHNOLOGIES PLC Sa om 2” QAtcsys Technologies; 2018+ q »y a
Slide 19: Contact Us
ACCSYS www.accsysplc.com TECHNOLOGIES PLC CONTACT US Accsys Accsys Accsys Brettenham House Building GE 5000 Quorum Drive 19 Lancaster Place Westervoortsedijk 73 #620 Dallas London WC2E 7EN 6827 AV Arnhem Texas 75254 United Kingdom The Netherlands USA The information contained within this document ha