Papoutsanis Sa · ATHEX:PAP
Papoutsanis Sa — FY2024 Earnings Presentation
15 slides from Papoutsanis Sa's earnings presentation, Mar 27, 2025
Slide 1: 2024 Financial Results Analysts' Briefing
2024 Financial Results Analysts’ Briefing March 27th, 2025
Slide 2: Disclaimer
Disclaimer BY VI EWING OR RECEIVING THIS PRESENTATION, YOU ARE AGREEING TO BE BOUND BY THE FOLLOWING LI MITATIONS. This presentation has been prepared by Papoutsanis S.A. (the Company) solely for informational purposes and cannot be used for any other purpose nor can it be addressed to any other per
Slide 3: 2024 Financials in sum
€ 66,2M € 25Μ Sales Gross Profit +6,3% vs 2023 +3M vs 2023 37,3% GP € 10,6M 2024 Financials % Sales +320bps vs 2023 EBITDA +1,3M vs 2023 in sum Improvement in all 55% Exports 16% EBITDA 0,196 EPS % Sales Profitability KPIs % on total +120bps vs 2023 +30% vs 2023 Analysts’ Annual Briefing, Mar 2025
Slide 4: Four Pillars for Growth
Four Pillars for Growth Hotel Amenities Specialty Bases 17% of turnover 17% of turnover Own Brands (vs 17% in ‘23) 3rd Party & PL (vs 16% in ‘23) 30% of turnover 36% of turnover (vs 27% in ‘23) (vs 40% in ‘23) FY 2024 4
Slide 5: 12M Sales by Category (in €'000)
12Μ Sales by Category (in €‘000) +17% +36% +132% +8% +12% -32% +3% +126% +12% +24% +4% -11% -3% +54% +14% +62% -32% Overall increase +6,3% vs 2023
Slide 6: Our Network
Our Network 40% EUROPE 9% 3% AMERICA ASIA 45% GREECE FRANCE, ITALY, UK, SPAIN, GERMANY, HUNGARY, PORTUGAL, POLAND, CYPRUS, BELGIUM, THE NETHERLANDS, AUSTRIA, SWEDEN, DENMARK, FINLAND, SWITZERLAND, IRELAND, SERBIA, ROMANIA, BULGARIA, LITHUANIA, UKRAINE, CZECH REPUBLIC, CROATIA, SLOVENIA, SLOVAKIA, NO
Slide 7: Financial Results (in €'000)
Financial Results (in €‘000) GP% EBITDA 2024 2023 D% +320 bps @16% Net Sales 66.200 62.275 6% Gross Profit 24.690 21.239 16% Gross Profit margin 37,3% 34,1% EAT% +140 bps Earnings before Taxes, Interest & Depreciation (EBITDA) 10.587 9.217 15% ∙ Gross Profit improvement attributed EBITDA margin 16,0
Slide 8: GP & EBITDA Evolution 12M 2024 (in €'000)
GP & EBITDA Evolution 12Μ 2024 (in €‘000) GROSS PROFIT & GP% 12Μ 37% 33% 34% 32% 28% 29% 24.690 24% 21.239 17.773 17.297 13.065 ∙ Gross Profit & GP margin 6.709 8.810 historically high ∙ GP% improvement attributed 2018 2019 2020 2021 2022 2023 2024 to increased contribution of Own Retail Brands & Pr
Slide 9: 12M Review by Business Segment (in €'000)
12M Review by Business Segment (in €‘000) EBITDA EBITDA +€1,4M @16% SALES EBITDA EBITDA % vs 12M 23 OWN BRANDS 19.799 1.941 10% Margin Dif % vs 12M 2023 17% 492 +124 bps Improved in All HOTEL AMENITIES 11.276 2.462 22% Segments Dif % vs 12M 2023 4% 221 +126 bps ∙ Specialty Bases leading in 3rd PARTY
Slide 10: Statement of Financial Position and Proposed Dividend
Statement of Financial Position (in €‘000) Proposed Dividend 0.03 eur, gross amount per share, payable in 31.12.2024 31.12.2023 May and subject to approval by the ASSETS Annual Shareholder’s Meeting, resulting to a total Dividend for 2024 at 0,06 eur per share Non Current Assets 55.384 52.670 Curren
Slide 11: Cash flow Statement (in €'000)
Cash flow Statement (in €‘000) 2024 2023 Operating Activities 4.691 5.277 Investment Activities -6.397 -4.531 Financing Activities 902 -6.770 Days of: 2024 2023 Net Increase (Decrease) in Inventory Coverage 98 84 cash & cash equivalents -803 -6.024 Sales Outstanding 40 25 Payables Outstanding 108 10
Slide 12: 12M Prospects Overview
12M Prospects Overview A Challenging Macro Papoutsanis Strengths & Environment Opportunities Global Upheaval (War in Ukraine & Competitive Production cost and the Middle East, Global import efficiencies duties volatility) Entry in new categories (Homecare) and Stubborn Inflation & Persistent Markets
Slide 13: 2024 Highlights
2024 Highlights Sustainability People Plant Investment Own Brands New Partnership Silver award Great Place to Solar Panels Installed +17% in Net Sales Initiated in Q2 2024, Work Certified & Commissioned led by Home Care & full development in Exports 2025 30% reduction in Electricity Cost for 2025
Slide 14: 2025 Projection
2025 Projection Double Digit Turnover Growth vs 2024 • Own Retail Brands • Exports – market expansion • New customers, expansion of current partnerships Improved profitability Capex €4,5-5M Actively looking for new acquisitions Analysts’ Annual Briefing, Mar 2025 14
Slide 15: Q&A session
Q&A session Happy to answer any questions you may have