Flexopack Sa Plastics · ATHEX:FLEXO
Flexopack Sa Plastics — Flexopack — Investor Presentation (May 2019)
16 slides from Flexopack Sa Plastics's investor presentation, May 14, 2019
Slide 1: Corporate Presentation 31/12/2018
= FLEXOPGK >. INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS Corporate Presentation 31/12/2018 www.flexopack.com 9 ‘) fF ]
Slide 2: Founded in 1979, publicly traded since 1996
Founded in 1979. Publicly Traded in Athens Stock Exchange since 1996. Leading European producer of flexible barrier films for the meat, cheese, seafood industries and non-barrier shrink films for the bottling industry. Production plants in Greece, Poland and Australia. Approximately 86% of sales exp
Slide 3: Product range
• Thermoforming films • Shrink Bags • Vacuum Pouches and Tubing • Vacuum Skin Packaging films • Lamination films • Barrier and high barrier FFS films • Barrier and high barrier films for Liners • Customized film structures • Shrink films for bottling industries 3
Slide 4: 12M-2018 Results
12M-2018 Results (‘000s Euro) Sales: 84.492 +3,6% EBITDA: 14.274 -0,8% EBT: 9.872 -4,8% Shareholders Equity:67.741 +10,0% Total Assets: 110.380 +8,0 % 4
Slide 5: 2018 milestones
Flexopack had a remarkable year in 2018 both in sales, profitability and investments. Some of the important milestones of the year: Completed our new 8.774m2 facilities in Koropi Around 86% of our business is outside of Greece Continuous product development Further expansion of sales team and distri
Slide 6: Subsidiaries
i FLEXGH Subsidiaries INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS FLEXOPACK S.A. | SUBSIDIARIES FLEXOPACK POLSKA SP. Z 0.0. FLEXOSYSTEMS LTD FLEXOPACK INTERNATIONAL LIMITED - Poland (100%) - Serbia (100%) - Cyprus (100%) FLEXOPACK PROPERTIES LTD FLEXOPACK PTY LTD FLEXOPACK FRANCE SARL FLEXOPACK
Slide 7: Affiliates
AFFILIATES Inova S.A. – (50%) Vlachos S.A. – (47,71%) Greece Greece Rigid Packaging – Bag-in-Box Rotogravure Printer 7
Slide 8: Consolidated Financials
CONSOLIDATED FINANCIALS ANO00
Slide 9: Group and Company income statement 12M-2018
GROUP COMPANY Thous. € 12M-2018 12M-2017 D 12M-2018 12M-2017 D Sales 84.492 81.523 3,6% 72.424 70.284 3,0% Gross Profit 21.046 20.432 3,0% 18.116 17.775 1,9% Gross Profit Margin 24,9% 25,1% 25,0% 25,3% EBITDA 14.274 14.386 -0,8% 13.489 14.144 -4,6% EBITDA Margin 16,9% 17,6% 18,6% 20,1% EBIT 10.560 1
Slide 10: Sales by region
Thous. € 12M-2018 12M-2017 % Greece 11.776 11.924 -1,24% % of total sales 13,9% 14,6% Europe 34.800 34.648 0,44% % of total sales 41,2% 42,5% Other Countries 37.916 34.951 8,48% % of total sales 44,9% 42,9% Total Exports 72.716 69.599 4,48% % of total sales 86,1% 85,4% Total Sales 84.492 81.523 3,64
Slide 11: Cash flow statement
Thous. € 12M-2018 12M-2017 Earnings before taxes 9.872 10.374 Adjustements 4.398 4.287 Gross Cash Flow 14.270 14.661 Change in Working Capital (684) (2.403) Inc ome tax paid (3.873) (3.326) Operating Cash Flow 9.713 8.932 Cash Flow from Investment (8.895) (12.873) Net Cash Flow Before Financing Acti
Slide 12: Bank debt and capital employed
GROUP COMPANY Thous. € 12M-2018 12M-2017 12M-2018 12M-2017 Long-term bank debt 14.143 10.551 13.073 9.125 Short-term bank debt 4.324 6.182 3.627 5.411 Total Bank Debt 18.467 16.733 16.700 14.536 Minus: Cash & cash equivalents 13.223 12.046 10.529 9.339 Net Bank Debt (1) 5.244 4.687 6.171 5.197 Total
Slide 13: Capex as percentage of sales
GROUP Thous. € 2014 2015 2016 2017 2018 TOTAL Sales 58.273 61.201 70.251 81.523 84.492 355.740 CAPEX 7.064 5.938 7.775 11.045 10.410 42.232 % On Sales 12,1% 9,7% 11,1% 13,5% 12,3% 11,9% 13
Slide 14: Balance sheet assets and liabilities
Thous.€ 12M-2018 12M-2017 D ASSETS Tangible & Intangible Assets 55.357 49.381 12,1% Investments in Associate Companies 3.596 3.036 18,4% Other L.T.assets 222 291 -23,7% Total Non Current Assets 59.175 52.708 12,3% Inventories 19.877 17.377 14,4% Trade Debtors 11.147 12.254 -9,0% Other Receivables 6.
Slide 15: Disclaimer
This presentation contains public available information, serves only informative purposes and it does not form or can either be referred as a buy, sell or hold encouragement for shares. Investors must decide upon their investments based on their own investing preferences, financial status and advice
Slide 16: Contact details
FLEXOPACK S.A. Ifestou 36, Thesi Tzima, Koropi, 19400 GREECE T +30 21 0668 0000, F +30 21 0662 6583 info@flexopack.com FLEXOPACK POLSKA SP. z.o.o. Tragamin 17, Malbork, 82-200, Polska T +48 (55)2720048, F +48 (55)2731806 FLEXOPACK PTY LTD 17 Dixon Street, Yatala, QLD, 4207 AUSTRALIA T +61 73386 2999