Orthex Oyj · OMXHEX:ORTHEX
Orthex Oyj — H1 2024 Earnings Presentation
23 slides from Orthex Oyj's earnings presentation, Aug 22, 2024
Slide 1: Half-Year Financial Report January-June 2024
Slide 2: Content
Content 1. Introduction to Orthex 2. January-June 2024 in brief 3. Strategy 4. Financials 5. Q&A HALF-YEAR FINANCIAL REPORT | JANUARY-JUNE2024 | 22 AUGUST 2024
Slide 3: A leading Nordic houseware company
A leading Nordic houseware company with strong brands and Sustainable 6 socaesesasisston products pea @ Warehouses ; 8 sales organisations B® >40 customer countries ath 3 factories (incl. warehouses) ic} >90% ownbrands se% oy ole oa ala ~300 employees (FTE) a o Sustainability focus GastroMax’ orthex
Slide 4: Mission to make everyday life easier
Mission to make everyday life easier ie HOT tk STORAGE KITCHEN HOME & GARDEN: (20 Functional and award-winning design B Long-lasting high-quality products OF i inability?) @: y @%e Forerunner in sustainability?) ww ~10% of sales from new launches 1] Invoiced sales split by product category Q1-a2/202
Slide 5: January-June 2024 in brief
JANUARY -JUNE 2624 IN BRIEF Half-year financial report January-June 20
Slide 6: January-June 2024
January-June 2024 Net sales = Orthex’s net sales increased by 5.9%. In constant currency, net sales grew by 6.3%. = Balanced growth in Europe outside the Nordics = Careful consumer and retailer behaviour Profitability = Adjusted EBITA was EUR 4.3 million (4.5) = EBITA improved by 16% considering the
Slide 7: Q2 2024: Net sales increased by 4.3% and adjusted EBITA decreased to EUR 1.6 million
Q2 2024: Net sales increased by 4.3% and adjusted EBITA decreased to EUR 1.6 million Net sales and Invoiced sales = Net sales increased by 4.3% to EUR 21.0 million (20.1) = Constant currency net sales growth was 4.4%. = Invoiced sales increased by 5.0% and totalled EUR 21.6 million (20.6) = Improvin
Slide 8: H1 2024: Net sales increased by 5.9% and adjusted EBITA was EUR 4.3 million
H1 2024: Net sales increased by 5.9% and adjusted EBITA was EUR 4.3 million Net sales = Net sales increased by 5.9% to EUR 43.0 million (40.6) = Invoiced sales increased by 6.5% and totalled EUR 44.6 million (41.8) Adjusted EBITA = Adjusted EBITA was EUR 4.3 million (4.5) = Adjusted EBITA margin was
Slide 9: Invoiced sales by geography
15 10 nvoiced sales by geography Invoiced sales by geography quarterly, EUR million yea 72 39 42 | | 03 02 Nordics Rest of Europe Rest of the world 4-6/2023 m4-6/2024 Orthex's invoiced sales in the core market Nordics were EUR 17.2 million (16.3) The Rest of Europe delivered balanced invoiced sales
Slide 10: Invoiced sales by product category
Invoiced sales in the largest category Storage increased to EUR Invoiced sales by product category Invoiced sales by product category quarterly, EUR million pe 34 bh 47 ol 34 35 Storage Kitchen Home & Garden 4-6/2023 4-6/2024 13.4 million (12.8) Invoiced sales in the Kitchen category increased to EU
Slide 11: Strategy
STRATEGY Half-year financial report January-June 2024 oo,
Slide 12: Clear growth strategy to deliver objectives
Clear growth strategy to deliver objectives Market consolidation | elerating n the international [the online retail markets through channel Solid ustomer keep winning collaboration in the Nordics Lv Net sales Net sales 2022 2023 Clear category strategy Showing the way Maintain a high focusing on sto
Slide 13: Showing the way in sustainability
Vv) Showing the way in sustainability Sustainability news in Q2 2024 Audits = Orthex's Gnosjé factory was audited and the ISCC PLUS certificate was renewed. Usage of ISCC PLUS certified renewable raw materials by applying the mass balance approach supports Orthex’s long-term carbon neutrality target
Slide 14: Maintain a high innovation rate
Maintain a high innovation rate Strategy in Action - Maintain a high innovation rate
Slide 15: Financials
Slide 16: Net sales and profitability
Net sales and profitability Net sales quarterly, EUR million Adjusted EBITA quarterly, EUR million 26 “0 35 2% 234, 35 2.0 2 210 ae 30 28 29 205 201 24 20 25 x 18 52023 20 2023 a” 2024 1s 16 2024 4 10 2 0s 10 0.0 a a a3 a4 a a 3 au * In Q2 2024, the Group's Net sales increased by 4.3% to * Adjusted
Slide 17: Raw material index prices
0€ 500 € 1,500 € 2,000 € 2,500 € 1,000 € Jan Feb March April May June 2019 July August September October November December Jan Feb March April May June 2020 July August September October November December Jan Feb March April Propylene (C3) Contract EUR/t May June 2021 July August September October N
Slide 18: Investments & net debt
Investments & net debt Investments in tangible and intangible assets, EUR million ” 1.0 1,0 0.9 08 08 08 o6 0s 06 O4 ° i qi Qa a eld 2023 m2024 * Orthex’s investments during the second quarter of 2024 amounted to EUR 0.9 million and were mainly related to moulds for new products. HALF-YEAR FINANCIAL
Slide 19: Long-term financial targets
Long-term financial targets Target Description Latest reported SALES Total growth of >5% “An over time annual organic net sales 5.9% total . . growth to exceed 5 per cent on a Group level, . . 7 GROWTH Outside Nordics >10% and 10 per cent outside the Nordic region” 5.4% outside Nordics* “Improving E
Slide 20: Summary
SUMMARY
Slide 21: a @ iS g D ® > E S s s
5 a @ iS g D ® > E S s s
Slide 22: Key Figures
Key Figures Key Performance Indicators EUR million 46/2023} Change} 46/2024] _1-6/2023]__Change| Invoiced sales 216] 20.6) 5.0% 446 41.8) 6.5%) 88.0) Net sales 21.0] 20.1 43%| 43.0) 40.6] 5.9%| 85.9] Gross margin 57| 52) 10.2% 12.4] 10.6 17.0%) 24.3) Gross margin, % 27.0%| 25.6%| 28.7% 26.0% 28.3%|
Slide 23: Orthex - Practical is Beautiful
orthex’ Practical is Beautiful