Slide 1: Interim Results for the six months ended 30 September 2017
ACCSYS Be INTERIM RESULTS mh OR THE SIX MONTHS ENDED 30™ SEPTEMBER 2017 i — GB, LP hea Transformation and exper ae
Slide 2: Disclaimer
ACCSYS TECHNOLOGIES PLC DISCLAIMER This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of the Accsys Group. Although the Group believes that the expectations reflected in such forward-looking statements are reasonable, these
Slide 3: Highlights - Financial
ACCSYS HIGHLIGHTS Financial ¢ Accoya® revenue growth of 16%. ¢ Sales volumes up 13%. ¢ Lower underlying EBITDA reflects one-off matters; during significant expansion of manufacturing capacity. ¢ Net cash balance of €23.1m reflects funds raised to fund expansion. © Accsys Technologies PLC, 2017 3
Slide 4: Highlights - Operational
ACCSYS HIGHLIGHTS Operational ¢ Accoya plant now at full capacity. ¢ Accoya plant - 50% additional capacity from next financial year. ¢ Working with customers to manage demand. ¢ Accoya price increase in second half of the year. ¢ Construction well underway of new Tricoya® plant. ¢ Sales of Medite T
Slide 5: Financial Overview
ACCSYS HT FINANCIAL OVERVIEW Underlying Statutory Underlying Statutory Total revenue 28.3 28.3 25.1 25.1 EBITDA (2.8) (4.9) (1.6) (1.3) Loss before tax (5.2) (6.8) (3.2) (2.9) Period end cash 47.1 7.9 Net debt 23.1 5.7 * 16% increase in Accoya revenue. * Lower EBITDA due to licensing income and lowe
Slide 6: Accoya Profitability
ACCOYA PROFITABILITY * 18,034m2 produced. ¢ 20% manufacturing margin reflects largely one-off factors: Additional maintenance stop effecting capacity utilisation. Increase in sales to Medite and Rhodia Acetow. Raw material prices higher, especially in Q1. Inventory alignment - one-off sale of lower
Slide 7: Revenue
ACCSYS REVENUE ° Total revenue up 1 3% to 60 - Total Group Revenue €m €28.3m (Sep 2016: €25.1m). 50 - ¢ Accoya revenue growth 16% to €26.2m (Sep 2016: €22.5m). 57 528 46.1 33.5 * Sales volumes up 13% to 0 : 19,826 m?. Restricted by 20 ~ 167 ao production capacity. a 105 ¢ Growth in almost all region
Slide 8: Group Cash Flow
ACCSYS TECHNOLOGIES PLC GROUP CASH FLOW Underlying loss before tax (5.2) (3.2) Underlying cash out flow before changes in working capital (2.5) (1.3) Exceptional items in operating activities (1.6) (0.3) Cash flow from operating activities before changes in working capital (4.1) (1.6) Net cash used
Slide 9: Capacity - Accoya
ACCSYS Bee ACILY - ACCOYA New Accoya plant, distribution centre and office, «~ Accoya plant‘now at full capacity. = ¢ 20,000 m3 additional capacity from-early next financial year - 50% Sa =a a increase, “SA ao: Sean ae =< : = sae > * = Sa <
Slide 10: Capacity - Tricoya
ACCSYS a TECHNOLOGIES PLC CAPACITY - TRICOYA Tricoya plant location, Saltend Chemicals Park, Hull = = sag ° Plant construction well underway. ¢ 30,000 tonnes capacity in early 2019 (40,000 m? of panels).
Slide 11: Tricoya Progress
ACCSYS TECHNOLOGIES PLC ARICOYADROGRESS i Medite Jricoya panel sales : volumes up 24% to 3,751 m?. & Demand continues to.grow- Sales limited by current Ammhem Capacity. Heads of terms signed with large panel manufacturerfor TWricoyalicense.
Slide 12: Outlook - Short Term
ACCSYS QUTLOOK - SHORT TERM Second half of financial year: ¢ Demand remains strong. ¢ Working with customers on an allocation basis. ¢ Higher production volumes. ¢ Accoya price increase. ¢ Higher gross margin. ¢ Transition to new plant, distribution centre and office facilities - some additional cos
Slide 13: Outlook - Long Term
ACCSYS QUTLOOK - LONG TERM ¢ Continued growth in demand from repeat and new business. ¢ Further new product developments. ¢ Increasing number of patent applications to protect IP. ¢ Increased sales volumes following Arnhem expansion. ¢ Increased profitability in next financial year. ¢ New Tricoya pl
Slide 14: Accoya Project - Hattem, NL
ACCSYS ACCOYA PROJECT - HAT TEM, NL tricoyo’
Slide 15: Tricoya Project - Boston, USA
ACCSYS TRICOYA PROJECT - BOSTON, USA ——— S Large restoration project, Tricoya used in three storey replacement bay window and entrance < EXTREME 15 eccoyaO § tricoyc: . _ i
Slide 16: Accoya Project - London, UK
ACCSYS ACCOYA PROJECT - LONDON, UK 200 sliding sas black Accoya
Slide 17: Tricoya Project - Bagshot, UK
ACCSYS TECHNOLOGIES PLC TRICOYA PROJECT = BAGSHOT, UK Architect designéd:home.clad in’ coated Medite Tricoya/panels EXTREME 1
Slide 18: Accoya Project - Apeldoorn, NL
ACCSYS ACCOYA PROJECT - APELDOORN, NL pionshipsap ww G pK © Accsys Technologies PLC, 2017 18 GccoyaO § tricoya
Slide 19: Accoya Project - Upstate NY, USA
ACCSYS ACCOYA PROJECT - UPSTATE NY, USA
Slide 20: Contact Us
ACCSYS www.accsysple.com TECHNOLOGIES PLC CONTACT US Paul Clegg - CEO Oliver Cardigan Hans Pauli - Executive Director, Corporate Development Chris Wilkinson William Rudge - FD Ben Stoop Accsys Technologies Numis Securities Brettenham House NOMAD and Broker 19 Lancaster Place T: +44 (0)20 7260 1000 L