Thrace Plastics Holding And Commercial S.a. · ATHEX:PLAT
Thrace Plastics Holding And Commercial — Thrace Group — Investor Presentation (April 2021)
39 slides from Thrace Plastics Holding And Commercial's investor presentation, April 2021
Slide 1: Corporate Presentation April 2021
CORPORATE PRESENTATION I April 2021
Slide 2: Thrace Group at a Glance (2020)
THRACE GROUP I AT A GLANCE (2020) Operates in Products for Production of Headcount of Sales network in Operates in 3 business 25 market 28 different 2.202 80 9 units segments technologies employees countries countries Technical Fabrics including JVs with production, trade Packaging Solutions and dis
Slide 3: Thrace Group 3 Business Units
THRACE GROUP I 3 BUSINESS UNITS TECHNICAL FABRICS BU PACKAGING SOLUTIONS BU AGRICULTURE BU PRODUCING 100% RECYCLABLE PRODUCTS
Slide 4: Technical Fabrics Business Unit
TECHNICAL FABRICS I BUSINESS UNIT
Slide 5: Technical Fabrics BU Products
TECHNICAL FABRICS BU I PRODUCTS ▪ 96% of sales on the international market ▪ Operates through 6 Group companies in 5 03 AGRI / HORTICULTURE countries: 01 GEOSYNTHETICS 02 CONSTRUCTION 04 LANDSCAPE GARDENING /AQUACULTURE Greece Scotland 05 SPORT LEISURE 06 MEDICAL & HYGIENE 07 FILTRATION 08 FURNITURE
Slide 6: Technical Fabrics BU Production & Revenue Breakdown (2020)
TECHNICAL FABRICS BU I PRODUCTION & REVENUE BREAKDOWN (2020) PRODUCTION GEOGRAPHICAL BREAKDOWN SALES GEOGRAPHICAL BREAKDOWN UK UK 31% America Rest of 25% 4% Europe 9% America 14% European Union excl. Asia, Africa & Greece Greece Greece, UK Oceania 4% 65% 4% 44% ▪ 65% of group production in Greece ▪
Slide 7: Packaging Solutions Business Unit
PACKAGING SOLUTIONS I BUSINESS UNIT
Slide 8: Packaging BU Products
PACKAGING BU I PRODUCTS ▪ Focused on the European market ▪ Operates via 6 Group companies in 5 countries: Greece 02 PALLET COVERING / 03 CONTAINER LINERS / 01 BAGS / FFS FILMS PACKAGING FILMS CARGO PROTECTION Bulgaria 05 INJECTION / BUCKETS / 06 THERMOFORMING CUPS 07 CRATES Serbia PAILS / CONTAINERS
Slide 9: Packaging BU Production & Revenue Breakdown (2020)
PACKAGING BU I PRODUCTION & REVENUE BREAKDOWN (2020) PRODUCTION GEOGRAPHICAL BREAKDOWN SALES GEOGRAPHICAL BREAKDOWN UK S-E Europe S.E. N.C. 3% 28% Europe* Europe** 25% 9% Asia, Africa & Other 2% Greece Greece 72% 61% * Includes Bulgaria, Albania, Romania, Serbia, Slovenia, Croatia, FYROM, Bosnia-Her
Slide 10: Agriculture Business Unit
SAS ) =e AGRICULTURE BUSINESS UNIT
Slide 11: Agriculture BU Environmental Friendly Greenhouses
AGRICULTURE BU I ENVIROMENTAL FRIENDLY GREENHOUSES ▪ 18.5 Ha, the biggest hydroponic greenhouses in S.E Europe ▪ The only greenhouses in the world heated exclusively by geothermal energy ▪ Greek sun flavoured vegetables with almost zero CO2 footprint ▪ Cultivating under the highest standards of Inte
Slide 12: Agriculture BU Products
AGRICULTURE BU I PRODUCTS EXISTING PRODUCT OFFERING Cucumber Mini Cucumber Tomato cluster Beef Tomato NEW PRODUCT OFFERING (Available from 2022) 100% RECYCLABLE PACKAGING FRESHLY PACKED CAPABILITY FOR PRIVATE LABEL Tomato pot 250 gr Tomato pot 500 gr Aubergines (cocktail) (cocktail)
Slide 13: Strategy: Pursuing Profitable Growth Through Innovation and Sustainability
STRATEGY I PURSUING PROFITABLE GROWTH THROUGH INNOVATION AND SUSTAINABILITY
Slide 14: Thrace Group Strategy Overview 2015-2020
THRACE GROUP I STRATEGY OVERVIEW 2015 – 2020 Sustainable Profitable Growth Market-driven Value Capture Organic growth (increase margins) ▪ Increase Capacity ▪ Further reduce production cost ▪ Geographical expansion ▪ Improvement of Product Mix (shift of sales to high margin ▪ Focus on two major grow
Slide 15: Strategy Developments
THRACE GROUP I STRATEGY OVERVIEW 2015 – 2020 STRATEGY DEVELOPMENTS ▪ A heavy investment plan of around 165 mil € was implemented between 2015 – 2020 which resulted in: ▪ capacity growth in the Nonwovens market (2 new Spundbond lines and 2 new Needlepuch lines) ▪ capacity growth (new Injection machin
Slide 16: Strategy Developments: Restructuring and Sustainability
THRACE GROUP I STRATEGY OVERVIEW 2015 – 2020 STRATEGY DEVELOPMENTS ▪ Internal restructuring plan achieving optimization of the Group’s operations: ▪ ceased operation of the FIBC production plant in Bulgaria ▪ ceased operation of Thrace Linq in the USA and sale of the industrial property of the compa
Slide 17: How CAPEX Enables Strategy Implementation
THRACE GROUP I STRATEGY OVERVIEW 2015 – 2020 How CAPEX enables us to implement our strategy Strategic Pilar CAPEX 2015 - 2020 Organic Growth Value Capture Sustainability Infrastructure In mil € 164.9 a a a a 2 new Spunbond lines in GR and SC a a 2 new Needlepunch lines in GR and SC a a Increased int
Slide 18: Thrace Group Strategy Overview 2021-2025
THRACE GROUP I STRATEGY OVERVIEW 2021 - 2025 Sustainable Profitable Growth Value Capture New Business (increase margins) (role of Chief Entrepreneur) ▪ Further reduce production cost ▪ New business opportunities within the existing sectors ▪ Improvement of Product Mix (shift of sales to high margin
Slide 19: Sustainability: Transforming Challenges to Opportunities
“Accelerating the implementation of the European Union’s strategy for Circular Economy is a great opportunity for Europe’s economic growth. The reduction of plastic waste, recycling and the lower carbon footprint compared to alternative materials, will restore the reputation of plastics.” Constantin
Slide 20: Sustainability ESG
Thrace Group supports the SUSTAINABILITY I ESG United Nations Sustainable Development Goals Focus of business operations on the SDGs listed below: Focus areas: ▪ Environmental footprint ▪ Circular Economy ▪ Energy efficiency Focus areas: ▪ Health & Safety of employees ▪ Training of employees ▪ Suppo
Slide 21: Sustainability Environment
SUSTAINABILITY I ENVIRONMENT OUR CONTRIBUTION TOWARDS A LOWER ENVIRONMENTAL FOOTPRINT Climate change and carbon emissions are today’s most significant problem and an existential threat to Europe and the world. USE MORE RECYCLED MATERIALS REDUCE ENERGY CONSUMPTION RENEWABLE ENERGY SOURCES Increased o
Slide 22: Sustainability Environment: Circular Economy
SUSTAINABILITY I ENVIRONMENT OUR CONTRIBUTION TOWARDS A MORE CIRCULAR ECONOMY Member of the Fully aligned with the European strategy for plastics and the transition to a more circular European Circular economy, Thrace Group turns today’s challenges into opportunities ensuring sustainable Plastics Al
Slide 23: Sustainability Social
SUSTAINABILITY I SOCIAL OUR CONTRIBUTION TOWARDS OUR PEOPLE AND THE COMMUNITY ▪ Responsible corporate governance and safeguarding of business ethics and compliance (zero tolerance of corruption, bribery and extortion incidents) ▪ Respect diversity and human rights ▪ Support of local communities thro
Slide 24: Sustainability Governance
SUSTAINABILITY I GOVERNANCE CORPORATE GOVERNANCE DEVELOPMENTS ▪ Shareholders Rights Directive II (SRD II) compliant ▪ Shareholders’ Participation in the General Meetings through videoconference ▪ 45% Board Independence targeting further improvement in the medium term ▪ Roles of Chairman and CEO sepa
Slide 25: Financial Review FY 2020
FINANCIAL REVIEW I FY 2020
Slide 26: FY 2020 Covid-19: Reacting Fast
FY 2020 I COVID-19: REACTING FAST Business People ▪ Development of a new operational plan ▪ Establishment of a crisis management team ▪ Production on a “make to order” basis ▪ Continuous communication with all employees informing about the pandemic ▪ Developed new, critical for the pandemic, product
Slide 27: FY 2020 IFRS Financial Results Highlights
FY 2020 IFRS FINANCIAL RESULTS I HIGHLIGHTS ▪ Ongoing restructuring / exit from loss making business ▪ Termination of Thrace Linq operations and sale of its industrial property for $14.5m ($11m already received) ▪ Transfer and erection of the two NW Needlepunch lines from US to Europe ▪ Continuation
Slide 28: FY 2020 IFRS Key P&L Figures
FY 2020 IFRS FINANCIAL RESULTS I KEY P&L FIGURES Continuing Operations Continuing & Discontinued Operations 2020 2019 Δ 2020 2019 Δ Shift to PPE higher margin products: Volumes (Tons) 111,756 108,607 2.9% 113,873 121,346 -6.2% ▪ Meltblown Turnover 339,722 298,340 13.9% 344,806 327,795 5.2% ▪ Spunbon
Slide 29: FY 2020 IFRS Key Figures by Segment
FY 2020 IFRS FINANCIAL RESULTS I KEY FIGURES by SEGMENT PPE impact: 22.700 PPE impact: 19.500 PPE impact: 3.200 PPE: Personal Protective Equipment *Continuing Operations
Slide 30: FY 2020 IFRS B/S Overview
FY 2020 IFRS FINANCIAL RESULTS I B/S OVERVIEW Balance Sheet 2020 2019 Key Ratios 2020 2019 Fixed Assets 155,477 149,645 Total Debt 79,034 105,579 Other NC Assets 20,690 20,471 Cash 40,824 22,051 Non Current Assets 176,167 170,116 Net Debt 38,210 83,528 Inventories 55,338 59,158 Net Debt / EBITDA 0.5
Slide 31: FY 2020 IFRS Cash Flow Overview
FY 2020 IFRS FINANCIAL RESULTS I CASH FLOW OVERVIEW
Slide 32: FY 2020 IFRS Net Debt
FY 2020 IFRS FINANCIAL RESULTS I NET DEBT ▪ The Group cap for the Net Debt/EBITDA ratio is set at 2x. ▪ In 2015 a strong investment plan was approved setting the cap at 3x for the period until completion (2019). The target was that the ratio would get below 2x within 2021. ▪ The financial results of
Slide 33: FY 2021 Outlook
FY 2021 I OUTLOOK Q1 2021 ▪ Demand for most products in the portfolio remained unaffected and similar to FY2020 ▪ Demand for personal protection and health related products remained strong ▪ New FFP2 face masks investment ▪ Positive outlook for strong profitability and liquidity in Q1 ▪ Further redu
Slide 34: Thrace Group Stock Data
~ y, = ow 014% mn ¢ THRACE GROUP STOCK DATA = 2. 1%.% ar = VEE Ung" a —- i al 2 7 0.27% Abe lOi% e _
Slide 35: Thrace Group Stock Performance
THRACE GROUP STOCK I PERFORMANCE As of 20 April 2021: ▪ Stock price: € 4.80 ▪ Market cap: € 210 mil ▪ P/E (20): 5.15
Slide 36: Thrace Group Stock Free Float & Coverage
THRACE GROUP STOCK I FREE FLOAT & COVERAGE Since 2019 Free float: 35.2% Starting in 2021 Stock Coverage
Slide 37: FY 2020 IFRS Financial Results ESMA
FY 2020 IFRS FINANCIAL RESULTS I ESMA Alternative Performance Measures (APM) During the description of the developments and the performance of the Group, ratios such as the EBIT and the EBITDA are utilized. • EBIT (The indicator of earnings before the financial and investment activities as well as t
Slide 38: Corporate Presentation Disclaimer
CORPORATE PRESENTATION I DISCLAIMER This material (the “Presentation”) has been prepared, issued and presented by Thrace Plastics Co S.A. (the “Company”) on the terms set out below for the exclusive and confidential use of the persons to whom it is addressed (“Recipients”), solely for use by the Rec
Slide 39: Contacts
Contacts Investors Relations Ioanna Karathanassi ikarathanasi@thraceplastics.gr +30 210 9875081 Group CFO Dimitris Fragkou dfragkou@thraceplastics.gr +30 210 9875015 Connect with us: www.linkedin.com/company/thrace-group/ www.thracegroup.com