Thrace Plastics Holding And Commercial S.a. · ATHEX:PLAT
Thrace Plastics Holding And Commercial — Thrace Group — Investor Presentation (April 2025)
40 slides from Thrace Plastics Holding And Commercial's investor presentation, April 2025
Slide 1: Corporate Presentation April 2025
CORPORATE PRESENTATION I APRIL 2025
Slide 2: The Group
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 2 The Group ▪ At a Glance ▪ Technical Fabrics Segment ▪ Packaging Segment ▪ Agricultural Segment
Slide 3: Thrace at a glance
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 3 Thrace at a glance [GRI: 102-6, 102-7] Engages in Covers Employs Develops in Implements Reuse of Operations in 3 business 25 market 2,197 80 28 different 100% 9 countries units segments employees countries technologies internal recy
Slide 4: Technical Fabrics Segment Applications
GROUP GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 4 Technical Fabrics Segment Geotextiles (woven, Fabrics Nets Yarns nonwoven) • Production and trade of synthetic fabrics for industrial Families Product and technical uses. Geogrids Membranes Strapes Fibres • Broad and diversifi
Slide 5: Technical Fabrics Segment: Production & Revenue breakdown
GROUP GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 5 Production & Revenue breakdown Technical Fabrics Segment Revenue 2024 Adjusted EBITDA 2024 EBITDA MARGIN 240.2mil 19.6mil 8.2% European based production with global PRODUCTION GEOGRAPHICALPRODUCTION BREAKDOWN GEOGRAPHICAL BREA
Slide 6: Packaging Segment Applications
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 6 Packaging Segment Container liners / Thermoforming Garbage bags Twines • Production and trade of food and industrial product cargo protection cups Families Product packaging. Bags / FFS film Packaging fabrics Crates • Pioneer in the
Slide 7: Packaging Segment: Production & Revenue breakdown
GROUP GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 7 Production & Revenue breakdown Packaging Segment Revenue 2024 EBITDA 2024 EBITDA MARGIN 141.9mil 23.0mil 16.2% SE Europe based production and sales, with leading market share in a variety of products, expanding to new GEOGRAPH
Slide 8: Agricultural Segment
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 8 Agricultural Segment Cluster Beef Eggplant Mini Cucumber • The largest hydroponic greenhouses in Southeast Tomato Tomato 600gr Families Product Europe. • The only greenhouses in the world heated exclusively Mini Cucumber Mini Tomato
Slide 9: Agricultural Segment
GROUP GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 9 Agricultural Segment Revenue 2024 EBITDA 2024 EBITDA MARGIN 12.0 mil. 2.3 mil. 19.2% ▪ New greenhouses (6.5 Ha), increase of volume and product portfolio ▪ Strong demand and positive feedback for our packaged products, new var
Slide 10: Strategy
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 10 Strategy ▪ Overview ▪ CAPEX
Slide 11: Strategy Overview
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 11 Strategy Overview Group Strategy Pursuing Profitable growth through innovation and sustainability Focus on Adding Value Products Explore New Business Opportunities Safeguarding Financial Discipline Technical Fabrics Segment Packagi
Slide 12: Capex Progress
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 12 Capex Progress An investment plan of €149 mil. (2019- CAPEX implementation allows the The last 5yrs “EBITDA related” 2023) categorized as follows: Group to pursue new business investments implemented, amounting opportunities in mor
Slide 13: FY2025 CAPEX Plan
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 13 FY2025 CAPEX Plan Aligned with strategic priorities, FY 2025 investment program (~€30 mil.): FY2025 CAPEX focuses on increase conversion capabilities and adding ▪ Further capacity growth in Rigid Packaging with new Injection machin
Slide 14: Approach to Sustainable Development
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET Approach to Sustainable Development ▪ Operating with respect to society and the environment ▪ Creating solutions for a sustainable future
Slide 15: Vision, 2025 targets and values
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 15 Vision To be the most valuable partner for our Our 2025 targets customers and suppliers and to consistently increase shareholders’ value while ensuring a prosperous future for all individuals 40% Reduction of waste to landfill comp
Slide 16: Policy Strategy
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 16 Policy Strategy At the core of the Sustainable Development Policy is the Group's commitment to grow with The Group has developed the 2022-2026 Strategic Plan for Sustainable Development, which has respect for society and the enviro
Slide 17: Products and Solutions That Make a Difference for a Sustainable Future
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 17 Products and Solutions That Make a Difference for a Sustainable Future
Slide 18: Sustainable practices a key pillar of our strategy
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 18 The adoption of sustainable practices is The Group continuously aligns with the a key pillar of our strategy most important sustainable development initiatives 2018 Disclosure of the approach and annual performance based on GRI sta
Slide 19: Sustainable Development: Circular Economy
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 19 Sustainable Development Focus on Circular Economy by developing sustainable products with a positive environmental impact Commitment MATERIAL USE Design priorities The Group puts the principles of the • Low environmental footprint
Slide 20: Networking through the In the Loop Circular Economy Platform
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 20 Networking through the "In the Loop" Circular Economy Platform Networking among companies, brands, public institutions, and consumers 200+ • Contribution to reducing the environmental footprint across the entire value chain ANNUAL
Slide 21: Sustainable Development: Energy efficiency
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 21 Sustainable Development Focus on energy efficiency, which is a never-ending effort Carbon footprint ENERGY EFFICIENCY IMPROVEMENT RENEWABLE ENERGY For the monitoring & calculation of greenhouse gas emissions, we Total energy consum
Slide 22: Sustainable Development: Employment and communities
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 22 Sustainable Development Creation and safeguarding of employment We contribute to the local societies, with many initiatives for the local communities SUPPORTING LOCAL COMMUNITIES RESPECT OF HUMAN RIGHTS The Group is committed to cr
Slide 23: Sustainable Development: Corporate Governance
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 23 Sustainable Development Creation and safeguarding of employment Robust Corporate Governance framework, being part of who we are and how we operate BOARD OF DIRECTORS CORPORATE GOVERNANCE COMPLIANCE • 11 Board Members: 2 executive m
Slide 24: Financial Review FY 2024
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET Financial Review FY 2024 ❖ Another year of strong financial performance in a highly challenging environment
Slide 25: FY24 Highlights
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 25 FY24 Highlights Macroeconomic Environment Markets ▪ European economies still weak, impacted by ▪ Weak demand in Construction segment across Europe, geopolitical changes and high costs – Greece at a despite
Slide 26: FY24 Highlights
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 26 FY24 Highlights Technical Fabrics Packaging ▪ High demand for packaging products in all countries of ▪ Technical Fabrics in Europe suffered due to low demand operation and increased costs ▪ The increase of
Slide 27: Financial Analysis
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 27 Financial Analysis Turnover increased to €370 mil., depicting strong growth, despite the soft demand STATEMENT OF INCOME FY 2024 FY 2023 Δ% Despite the strong growth of volumes Volumes (Tons) 120.696 109.75
Slide 28: Financial Results
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 28 Financial Results Stable financial performance, with robust EBITDA and low Net Debt, despite the market and business challenges Turnover EBITDA EBT EBT 400 EBITDA Adjusted 30 350 50,0 30 50,0 -4.0 % 45,0 -4
Slide 29: Segmental Performance
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 29 Segmental Performance Volumes Gross Profit 100 70 79,8 60 75,3 ▪ Technical Fabrics business 80 50 44,0 47,6 suffered from low demand and, 60 46,6 40 32,6 40,2 28,9 as a result, low selling prices in 40 +6.0
Slide 30: Financial Position
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 30 Financial Position Strong Balance Sheet, with increased assets base and stable OWC over Sales Statement of Financial Position (in €'000) 2024 2023 Key Ratios 2024 2023 Fixed Assets 206.933 191.253 Total Deb
Slide 31: Working Capital
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 31 Working Capital Working Capital follows a normal pattern, with no significant fluctuations • DSO, DPO, DIO follow a normal pattern, excluding 2021, which is AR Evolution AP Evolution +12% +16% considered an
Slide 32: Cash Flow Overview
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 32 Cash Flow Overview Strong Operating Cashflows, while CAPEX outflow related to advance payments for new investments as well(c.€5 mil.), to be implemented in FY2025 Cash Flow Bridge (in €'000) Increase Decrea
Slide 33: Net Debt/EBITDA
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL FINANCIAL OUTLOOK STOCK MARKET PAGE 33 Net Debt 120 3,5 100 3,0 2,5 Net Debt/EBITDA (x) 80 Net Debt (Eur m) • After the historical high net debt of €84 mil. in 2019, following the 5yrs 60 40 2,0 1,5 Debt Maturity Profile* 1,0 restructuring plan,
Slide 34: Outlook Q1 & FY2025
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET Outlook Q1 & FY2025
Slide 35: 2025 Outlook
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 35 2025 Outlook Q1 2025 FY 2025 • Group’s Management estimates that the expected EBITDA of FY2025 • Outlook is positive, despite will remain at levels comparable to FY2023, with potential for negative current market improvement as mar
Slide 36: Thrace Group Stock Data
GROUP SUSTAINABILITY STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET Thrace Group STOCK |DATA ❖ Sufficient free float and well diversified investors portfolio. Focusing on achieving strong dividend yields for our shareholders
Slide 37: Shareholders Analysis
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 37 Shareholders Analysis Strong and increasing dividend yields starting from 2020, 31.12.2024 clearly targeted by the Group Shareholders Breakdown 8,9% Gross Dividend per share & Dividend Yield 0,30 € 7,0% 5,0% 0,25 € 6,0% 0,20 € 5,0%
Slide 38: Alternative Performance Measures
GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 38 Alternative Performance Measures 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 investmen
Slide 39: Disclaimer
GROUP SUSTAINABILITY STRATEGY FINANCIAL OUTLOOK STOCK MARKET PAGE 39 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 address
Slide 40: Contacts
Contacts Investors Relations Department ir@thraceplastics.gr +30 210 9875081 Connect with us: www.linkedin.com/company/thrace-group/ www.thracegroup.com