Turpaz Industries Ltd · TASE:TRPZ
Turpaz Industries — Q1 2023 Earnings Presentation
15 slides from Turpaz Industries's earnings presentation, May 2023
Slide 1: Investor Presentation
Investor Presentation May 2023 1
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Turpaz Industries Ltd. These forward-looking statements are included, inter alia, (the "Company") for the sole purpose of conveying information in discussions of strategy, objectives, goals, plans, events, future regarding the Company and its subsidiaries
Slide 3: Turpaz - A Leading Global F&F Company
Turpaz - A Leading Global F&F Company Founded 13 Production 425 employees Multinational fragrance in 2011 sites globally 54 in R&D (13 PhD) & flavor house Fragrance, taste, specialty fine ingredients IPO on TASE in May 2021 Double digit growth via (including citrus products & aroma Trade on TA-125 s
Slide 4: Q1 2023 Highlights (US $)
Q1 2023 Highlights (US $) Sales Gross Profit Adjusted EBITDA $ 30.9M $ 11.9M $ 6.6M + 12.8% Sales growth + 10.4% growth + 4.4% growth + 1.6% Organic growth Enhancement and Solid balance sheet, expansion of global 8 acquisitions funding availability management to and acquisitions from IPO (May 21) –
Slide 5: Double Digit Growth – Q1 2023
Double Digit Growth – Q1 2023 Sales (M US $) Adj. EBITDA (M US $) CAGR CAGR Q1 2020 – Q1 2023 Q1 2020 – Q1 2023 30.9 37.8% 27.4 12.8% 30.1% 6.3 4.4% 6.6 19.2 4.7 11.8 1.6% 3 Organic Growth Q1 2020* Q1 2021 Q1 2022 Q1 2022 Q1 2020* Q1 2021 Q1 2022 Q1 2023 (*) based on the company's internal reporting
Slide 6: Sales Breakdown By Territory
Sales Breakdown By Territory In M US $ Europe Asia & ROW Q1 2023 – 14.7 Q1 2023 – 3.9 Q1 2022 – 11.0 Q1 2022 – 4.5 North America Q1 2023 – 4.4 Q1 2022 – 4.8 Middle East Q1 2023 – 8.0 Q1 2022 – 7.1 6
Slide 7: Q1 2023 Turpaz – Consolidated
Q1 2023 Turpaz – Consolidated In K US $ / % Q1 2022 Q1 2023 Sales 27,405 30,914 10,704 11,819 Gross profit 39.1% 38.2% 4,557 4,160 Operating profit 16.6% 13.5% 6,318 6,594 Adj. EBITDA 23.1% 21.3% 7
Slide 8: Q1 2023 Fragrance
Q1 2023 Fragrance In K US $ / % Q1 2022 Q1 2023 +33.0% Sales 5,992 7,968 1,793 1,582 Operating profit 29.9% 19.9% Organic growth +15.0% Acquisitions Klabin Streamlining operations is expected to improve Klabin’s operational profitability to the Highlights segment profitability in the upcoming quarte
Slide 9: Q1 2023 Taste
Q1 2023 Taste In K US $ / % Q1 2022 Q1 2023 +22.3% Sales 13,198 16,145 1,743 2,860 Operating profit 13.2% 17.7% Organic Growth +5.1% Balirom, Pentaor, Acquisitions Aromatique Food Highlights Streamlining activities and increasing synergies in the segment's companies improved the segment's profitabil
Slide 10: Q1 2023 Specialty fine Ingredients
Q1 2023 Specialty fine Ingredients In K US $ / % Q1 2022 Q1 2023 -17.2% Sales 8,215 6,801 2,198 1,336 Operating profit 26.8% 19.6% Organic growth -16.4% Highlights Sales mainly affected by destocking among segment’s customers 10
Slide 11: P&L – K US $
P&L – K US $ 2022 Q1 2021 Q1 2022 Q1 2023 Revenues 118,556 19,237 27,405 30,914 Gross Profit 47,659 7,490 10,704 11,819 GP% 40.2% 38.9% 39.1% 38.2% R&D Expenses 3,607 387 785 1,094 Sales & Marketing Expenses 10,016 1,200 2,343 2,526 Management & General Expenses 15,055 1,982 3,027 3,863 Other Expens
Slide 12: Balance Sheet
Balance Sheet K US $ 31/12/2022 31/3/2022 31/3/2023 Assets Current Assets 89,913 99,208 76,159 Non-Current Assets 124,267 96,274 132,926 Total Assets 214,180 195,482 209,085 Liabilities & Equity Current Liabilities 46,674 38,176 38,400 Turpaz’s strong equity structure, low leverage, cash flow from o
Slide 13: Proven Acquisitions Track Record
Proven Acquisitions Track Record 2020 2021 2022 2023 Lori 100% (Fragrance) Aromatique Food Florasynth SDA 65% (Taste) 100% (Taste) 49% (Taste) Balirom 60% + option Global acquisitions 40% (Taste) FIT pipeline SDA 51% (Taste) 60% + option 40% (Taste) Pentaor 100% (Taste) WFF Pilpel & Galilee Herbs Kl
Slide 14: Multinational Company
Multinational Company Belgium Poland Latvia Romania 1 site – Taste 1 site – Taste 1 site – Fragrance 1 sites –Taste Sales & Fragrance Sales Sales Production Sales Production Production R&D Production R&D R&D R&D USA Vietnam 1 site – Fragrance 1 site Taste & Fragrance & Taste Sales Sales Production P
Slide 15: Thank You
Thank You UO) TURPAZ