Recticel Sa · EURONEXT:RECT
Recticel Sa — H1 2024 Earnings Presentation
14 slides from Recticel Sa's earnings presentation, Aug 30, 2024
Slide 1: H1 2024 Results
H1 2024 Results Analysts meeting 30 August 2024 Jan Vergote, Chief Executive Officer Bart Van den Eede, Chief Financial Officer 1 Brussels, 30 August 2024 TRIMO project: Brunner innovation factory, Germany Analyst meeting - H1 2024 results
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forecasts which entail risks and uncertainties, including with regards to statements concerning plans, objectives, expectations and/or intentions of the Recticel Group and its subsidiaries. Readers are informed that such forecasts entail known an
Slide 3: Our purpose
Our purpose We fight climate change with leading products that lower the carbon footprint of buildings We help architects and clients to develop exciting spaces We contribute to well-being with thermo-acoustic & acoustic solutions 3 Brussels, 30 August 2024 Analyst meeting - H1 2024 results
Slide 4: Recticel completes its first year as a light building sustainability specialist and reports solid H1 2024 profit growth
Recticel completes its first year as a light building sustainability specialist and reports solid H1 2024 profit growth NET SALES VOLUMES EUR 298.6 million (+12.2%) Double digit organic growth of which 2.6% organic growth of Insulation Boards and Insulated Panels in flat or contracting H1 2023: EUR
Slide 5: Half-year 2024 net sales increased despite reduced pricing, due to lower raw material costs
Half-year 2024 net sales increased despite reduced pricing, due to lower raw material costs Quarterly Half-year +12.2% +2.6% organic 298.6 growth 266.1 +14.2% +10.1% +3.3% 158.0 +2.0% organic organic 140.6 138.4 127.7 growth growth Q1 2023 Q1 2024 Q2 2023 Q2 2024 H1 2023 H1 2024 Net sales (EUR milli
Slide 6: Half-year 2024 adjusted EBITDA +37.9% with progress in all activities
Half-year 2024 adjusted EBITDA +37.9% with +1.6% margin on sales with progress in all activities Half-year Full-year forecast ~ 50.0 +37.9% 39.2 25.1 18.2 8.4% +1.6% of net sales 6.8% of net sales H1 2023 H1 2024 FY 2023 FY 2024 FORECAST Adjusted EBITDA (EUR million) Forecasted Adjusted EBITDA (EUR
Slide 7: Sustainability is the core principle driving our value creation model
Sustainability is the core principle driving our value creation model SBTi Avoided emissions CSRD • 34 Overall Net-Zero Target Mandatory reporting on • Net-zero GHG emissions across • how ESG issues impact the value chain by 2050 from a the business 2021 base year • how the operations affect Near-Te
Slide 8: Product innovation is our value creation model
Product innovation is our value creation model Insulation Boards Insulated Panels Acoustic Solutions Modular Acoustic engineering Thermal Thermo-acoustic Vacuum insulation Mineral wool PIR and mineral insulation insulation Space services and product panels wool panels Solutions solutions to OEM’s 8
Slide 9: Product innovation in Insulation Boards
Product innovation in Insulation Boards Deck-VQ® Impact® product line Alu-free PIR board Light roof concept Powerdeck+ (with SIKA France) Solution for high-performance Eurowall Impact and A gas diffusion tight alu-free PIR Enables the renovation of steel flat roof insulation in tight spaces Eurothan
Slide 10: Product innovation in Insulated Panels and top 2024-2025 projects
Product innovation in Insulated Panels and top 2024-2025 projects CUSTOMER COUNTRY BUILDING COMPLETION VOLUME Qbiss Notch Wall System Envision France Battery factory 2024 106,000 m² Landmark collaboration between Trimo and Nokian Tyres Romania Tires factory 2024 25,000 m² Italian design house Pininf
Slide 11: Product innovation in Acoustic Insulation
Product innovation in Acoustic Insulation In H1 2024 our Soundcoat acoustic insulation All markets served materials have been used by all major aerospace companies, including SpaceX Blue Origin Aerospace & aviation Boeing Rocket Lab Heavy duty & transport vehicles Industrial equipment Electronic equ
Slide 12: Financial result and income taxes
Financial result and income taxes H1 2023 H1 2024 Financial result (EUR million) (6.20) 2.20 Repayment debt with proceeds divestment Engineered Foams Result from other associates (EUR million) (1.80) 0.00 Partial impairment of TEMDA2 investment value (49%) Income tax (EUR million) (2.30) (3.30) In l
Slide 13: Net cash position of EUR 58.1 million on 30 June 2024
Net cash position of EUR 58.1 million on 30 June 2024 in million EUR 30 JUN 2023 31 DEC 2023 30 JUN 2024 Total equity 433.6 438.0 432.0 Net financial debt excluding factoring (151.0) (173.2) (72.9) + Lease debt (IFRS 16) 8.8 11.3 14.9 Net financial debt (142.3) (161.9) (58.1) + Drawn amounts under f
Slide 14: Thank you
Thank you Recticel NV Avenue du Bourget/Bourgetlaan 42 1130 Brussels - Belgium Subscribe to Recticel email alerts on www.recticel.com/investors.html 14 Brussels, 30 August 2024 Analyst meeting - H1 2024 results