Turpaz Industries Ltd · TASE:TRPZ
Turpaz Industries — H1 2024 Earnings Presentation
18 slides from Turpaz Industries's earnings presentation, August 2024
Slide 1: Investor Presentation August 2024
Investor Presentation August 2024 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: Record Revenue Results H1 2024
Record Revenue Results H1 2024 Broad Financial Global Product Public Presence Success Company Portfolio H1 2020-2024 Sales in over 60 countries 17 worldwide sites CAGR 39.8% Traded on Tel-Aviv 125 More than 3,000 customers Symbol: TRPZ 85.8 Revenue (M US $) 61.5 57.7 39.4 22.5 3 *Unaudited internal
Slide 4: Record Growth Results for H1 2024 Adj. EBITDA
Record Growth Results for H1 2024 Adj. EBITDA (M US $) 18.3 CAGR 33.7% 13.3 12.6 9.9 5.7 H1-2020* H1-2021 H1-2022 H1-2023 H1-2024 Adj. EBITDA - Adjusted to reflect EBITDA without non-recurring expenses or income. 4 *Unaudited internal data
Slide 5: Record Revenue Results for Q2 2024
Record Revenue Results for Q2 2024 Revenue (M US $) CAGR 44.7% 46.8 30.3 30.6 20.2 10.7 Q2-2020* Q2-2021 Q2-2022 Q2-2023 Q2 - 2024 5 *Unaudited internal data
Slide 6: Record Growth Results for Q2 2024 Adj. EBITDA
Record Growth Results for Q2 2024 Adj. EBITDA (M US $) CAGR 37.9% 9.9 7.0 6.0 5.2 2.7 Q2-2020* Q2-2021 Q2-2022 Q2-2023 Q2 - 2024 Adj. EBITDA - Adjusted to reflect EBITDA without non-recurring expenses or income. 6 *Unaudited internal data
Slide 7: H1 2024 Highlights (US $)
H1 2024 Highlights (US $) Record Revenue Result Organic Growth in Adj. EBITDA / Margin $ 85.8M core segments Taste - 10.2% $ 18.3M / 21.3% + 39.4% Scent - 10.6% +45.0% Gross Profit Cash Flow Net Profit from Operations $ 32.5M $ 11.3M $ 6.7M + 41.0% +22.1 % 7
Slide 8: Q2 2024 Highlights (US $)
Q2 2024 Highlights (US $) Record Revenue Result Organic Growth in Adj. EBITDA / Margin $ 46.8M core segments Taste – 9.5% $ 9.9M / 21.2% + 52.7% Scent – 10.1% +64.7% Gross Profit Cash Flow Net Profit $ 18.1M from Operations $ 3.4M + 61.3% $ 7.7M +36.7% 8
Slide 9: H1 2024 – Segments performance
H1 2024 – Segments performance Net Sales Operating Profit % Growth % of sales H1 2023 H1 2024 H1 2023 H1 2024 3,693 4,873 Scent 16,107 10.3% 17,758 22.9% 27.4% 31,807 58,741 4,275 10,288 Taste 84.7% 13.4% 17.5% Specialty fine ingredients 3,011 (25) 13,712 9,285 (32.3%) 22.0% (0.3%) 9
Slide 10: Q2 2024 Turpaz – Consolidated
Q2 2024 Turpaz – Consolidated In K US $ / % Q2 2023 Q2 2024 +52.7% Sales 30,626 46,765 Gross Profit 11,215 18,086 % of sales 36.6% 38.7% Operating Profit 3,680 5,911 % of sales 12.0% 12.6% Adjusted EBITDA 6,026 9,925 % of sales 19.7% 21.2% 10
Slide 11: Q2 2024 Scent
Q2 2024 Scent In K US $ / % Q2 2023 Q2 2024 Sales 8,139 +10% 8,950 % of group sales 26.6% 19.1% Operating Profit 2,111 2,292 % of sales 25.9% 25.6% Organic +10.1% Highlights The increase in sales stems from organic growth 11
Slide 12: Q2 2024 Taste
Q2 2024 Taste In K US $ / % Q2 2023 Q2 2024 Sales +118.2% 15,662 34,171 % of group sales 51.1% 73.1% Operating Profit 1,415 5,919 % of sales 9.0% 17.3% Organic 9.5% Food Base, Sunspray, Clarys & Willich group Acquisitions Highlights The increase in sales stems from acquisitions and organic growth 12
Slide 13: Q2 2024 Specialty Fine Ingredients
Q2 2024 Specialty Fine Ingredients In K US $ / % Q2 2023 Q2 2024 Sales 6,911 (47.3%) 3,644 % of group sales 22.3% 7.8% Operating Profit 1,675 (235) % of sales 24.2% (6.4%) Organic (47.3%) Highlights Sales were affected mainly by competition in market. The Company is adjusting its product portfolio w
Slide 14: P&L – Significant Growth
P&L – Significant Growth K US $ 2023 Q2 2023 Q2 2024 H1 2023 H1 2024 Revenues 127,355 30,626 46,765 61,540 85,781 Gross Profit 49,613 11,215 18,086 23,034 32,482 Gross Profit % 39.0% 36.6% 38.7% 37.4% 37.9% R&D Expenses 4,923 1,203 1,898 2,297 3,305 Sales & Marketing Expenses 10,358 2,573 4,037 5,09
Slide 15: Balance Sheet
Balance Sheet K US $ 31.12.2023 30.6.2023 30.6.2024 Assets Current Assets 79,782 72,370 90,351 Non-Current Assets 142,246 131,458 252,014 Total Assets 222,028 203,828 342,365 Liabilities & Equity Current Liabilities 41,463 33,202 50,896 Turpaz’s strong equity structure, Non-Current Liabilities 63,23
Slide 16: Turpaz Global Market Presence (M US $)
Turpaz Global Market Presence (M US $) Q2 2024 H1 2024 Asia and Other Europe 7.4 16.0 North America 16% 19% 3.5 8.3 Israel and Middle East 24.9 53% 46.8 7% 42.7 85.8 10% 7.7 50% 12.7 3.3 17% 6.1 15% 7% 7% Africa 16
Slide 17: Global Expansion throughout the years
Global Expansion throughout the years Strong global acquisitions pipeline Sunspray Aromatique Food SDA Lori Florasynth Food Base Clarys & Willich Flavor Balirom FIT Associates Intuiscent WFF Pilpel & Pentaor Chemada Pollena Galilee Herbs Aroma Klabin 2017 2018 2019 2020 2021 2022 2023 2024 17
Slide 18: Thank You
Thank You UO) TURPAZ