Slide 1: 9M 2024 Results Presentation
• 9M 2024 RESULTS PRESENTATION • November 14th, 2024
Slide 2: Executive Summary
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Executive Summary 9M 2024 key trends and figures 9M 2024 Sales at €321.7m, +3.7% excluding FX vs. 9M 2023 Strong Q3 2024 sales performance, +8.1% organic growth
Slide 3: 9M 2024 Results At-a-Glance
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx 9M 2024 Results At-a-Glance Organic growth, profitability and deleverage on-track with FY2024 targets SALES Adjusted EBITDA and % Adjusted NFP and Leverage €m €
Slide 4: Sales – 9M 2024 vs. 9M 2023
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Sales – 9M 2024 vs. 9M 2023 +3.7% YoY organic growth, supported by volume recovery and pricing SALES – 9M 2023 TO 9M 2024 BRIDGE €m 4. 321.7 • +3.7% organic gro
Slide 5: Sales – 9M 2024 Performance by Division
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Sales – 9M 2024 Performance by Division Healthcare growth acceleration, strong Safety order momentum continues Healthcare & Life Sciences Energy & Mobility Heal
Slide 6: Adj. EBITDA Margin – Q-on-Q Evolution
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Adj. EBITDA Margin – Q-on-Q Evolution Q-on-Q profitability recovery continues ADJ. EBITDA MARGIN – Q4 2022 – Q3 2024 QUARTERLY EVOLUTION €m QoQ margin 390 bps 1
Slide 7: Adj. EBITDA – 9M 2024 vs. 9M 2023
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Adj. EBITDA – 9M 2024 vs. 9M 2023 +13.9% YoY organic growth excl. FX ADJ. EBITDA – 9M 2023 TO 9M 2024 BRIDGE €m 22.1% ADJUSTED EBITDA % 24.3% 230 bps of margin
Slide 8: Adj. Net Income – 9M 2024 vs. 9M 2023
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Adj. Net Income – 9M 2024 vs. 9M 2023 +20.5% YoY growth excl. FX impact, 10.5% margin Adj. Net Income Adj. Net Income Excl. FX Gains/Losses €m €m +0.3% +20.5% 3
Slide 9: Adj. Net Financial Position – 9M 2024 vs. FY 2023
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Adj. Net Financial Position – 9M 2024 vs. FY 2023 NWC absorption in Q3, extraordinary Capex for the new Chinese plant ADJUSTED NET FINANCIAL POSITION – FY 2023
Slide 10: 2024 Outlook and Guidance
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx 2024 Outlook and Guidance FY 2024 guidance tightened CURRENT TRADING AND Q4 2024: business performance expected in slight improvement vs. Q3 2024 2024 OUTLOOK S
Slide 11: Appendix
Appendix
Slide 12: 9M 2024 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx 9M 2024 Results – Financial Statements 9M 2023 and 9M 2024 P&L – Statutory Adjusted View of which 9M 2023 of which 9M 2024 €m 9M 2023 % 9M 2024 % non-recurring
Slide 13: 9M 2024 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx 9M 2024 Results – Financial Statements Reclassified Balance Sheet – Dec-2023 – Sep-2024 As of As of €m 31-Dec-2023 30-Sep-2024 Net intangible fixed assets 471.7
Slide 14: 9M 2024 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx 9M 2024 Results – Financial Statements Cash Flow Statement – 9M 2023 – 9M 2024 €m 9M 2023 9M 2024 Pre-tax result 21.1 21.8 Amortisation, depreciation and writed
Slide 15: Disclaimer
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Disclaimer Pursuant to art. 154-bis, paragraph 2, of the Italian Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate