Fabryka Farb I Lakierow Sniezka S.a. · GPW:SKA
Fabryka Farb I Lakierow Sniezka — Śnieżka Group — H1 2025 Earnings Presentation
41 slides from Fabryka Farb I Lakierow Sniezka's earnings presentation, Sep 18, 2025
Slide 1: Performance presentation of the Śnieżka Group for H1 of 2025
Performance presentation of the Śnieżka Group for H1 of 2025 18 September 2025
Slide 2: Agenda
SNIEZKA GROUP. Introduction Enclosures p. 28-40
Slide 3: Introduction
Introduction ▪ In H1 of 2025, the Śnieżka Group generated PLN 380.3 million in sales revenue, representing a 5.5% year-on-year decrease. In the reporting period, EBITDA amounted to PLN 66.5 million compared to PLN 67.4 million a year earlier, while net profit reached PLN 31.3 million versus PLN 31.7
Slide 4: Agenda
SNIEZKA GROUP. Environment p. 5-10 Enclosures p. 28-40
Slide 5: Macro 1/6 (GDP in major markets)
Macro 1/6 (GDP in major markets) Poland ▪ According to the flash estimate of Statistics Poland (GUS), Quarterly gross domestic product dynamics y/y (in %, seasonally Poland’s GDP grew by 3.4% y/y in Q2 2025. In its July unadjusted GDP) projection of inflation and GDP, the National Bank of Poland (NB
Slide 6: Macro 2/6 (inflation across the key markets)
Macro 2/6 (inflation across the key markets) Consumer Price Index in the first six months of 2025 (%) Poland Hungary Ukraine Poland: inflation decline from 5.3% in January to 4.1% in June Hungary: inflation decline from 5.5% in January to 4.6% in June Ukraine: inflation increase from 12.9% in Januar
Slide 7: Macro 3/6 (EUR/PLN)
Makro 3/6 (EUR/PLN) EUR quotations against PLN: 4,42 4,40 4,38 4,36 4,34 4,32 4,30 4,28 4,26 4,24 EUR 4,22 4,20 4,18 4,16 4,14 0,00 01.01.2024 01.03.2024 01.05.2024 01.07.2024 01.09.2024 01.11.2024 01.01.2025 01.03.2025 01.05.2025 01.07.2025 7
Slide 8: Macro 4/6 (USD/PLN)
Macro 4/6 (EUR/PLN) USD quotations against PLN 4,20 4,15 4,10 4,05 4,00 3,95 3,90 3,85 3,80 3,75 3,70 3,65 USD 0,00 01.01.2024 01.03.2024 01.05.2024 01.07.2024 01.09.2024 01.11.2024 01.01.2025 01.03.2025 01.05.2025 01.07.2025 8
Slide 9: Macro 5/6 (HUF/PLN)
Macro 5/6 (HUF/PLN) HUF quotations against PLN 0,116 0,115 0,114 0,113 0,112 0,111 0,110 0,109 0,108 0,107 0,106 100 HUF 0,105 0,104 0,103 0,000 01.01.2024 01.03.2024 01.05.2024 01.07.2024 01.09.2024 01.11.2024 01.01.2025 01.03.2025 01.05.2025 01.07.2025 9
Slide 10: Macro 6/6 (UAH/PLN)
Macro 6/6 (HUAH/PLN) UAH quotations against PLN 0,108 0,106 0,104 0,102 0,100 0,098 0,096 0,094 0,092 0,090 0,088 UAH 0,000 01.01.2024 01.03.2024 01.05.2024 01.07.2024 01.09.2024 01.11.2024 01.01.2025 01.03.2025 01.05.2025 01.07.2025 10
Slide 11: Agenda
Agenda Performance p. 12-24 11
Slide 12: Performance summary
Performance summary PLN 380.3 mln PLN 66.5 mln PLN 31.3 mln of revenues of EBITDA of net profit (-5.5% y/y) (-1,3% y/y) (-1.4% y/y) maintaining profitability despite a challenging macroeconomic environment; preserving cost discipline the level of gross margin was positively affected maintaining prof
Slide 13: Key markets - Poland (1/3)
Key markets - Poland (1/3) The Polish market (in PLN mln) PLN 279,246 thousand – Group’s revenues from sales in the Polish market in H1 of 2025 ▪share in the revenue structure: 73.4% ▪sales revenue decreased by 2.3% year on year ▪sales driven by a challenging consumer environment and the absence of
Slide 14: Key markets - Hungary (2/3)
Key markets - Hungary (2/3) The Hungarian market (in PLN mln) PLN 47,542 thousand – the Group’s sales revenue in the Hungarian market in H1 of 2025 ▪share in the revenue structure: 12.5% ▪sales revenue decreased by 10.7% year on year (a 6% decrease in local currency terms) ▪This situation is a conse
Slide 15: Key markets - Ukraine (3/3)
Key markets - Ukraine (3/3) PLN 39 392 thousand – the Group’s sales revenue in the The Ukrainian market Ukrainian market in H1 of 2025 (in PLN mln) ▪share in the revenue structure: 10.4% ▪sales revenue decreased by 8.2% (a 1.7% increase in local currency terms) ▪the situation in the Ukrainian market
Slide 16: Revenue structure - product categories
Revenue structure - product categories Structure of the Group’s sales revenue by product category in H1 (in PLN ‘000) H1 of 2024 H1 of 2025 change (y/y) of 2025 SALES REVENUE OF THE ŚNIEŻKA GROUP change (y/y) change (y/y) BY PRODUCT CATEGORIES -0,4% -0,4% Goods Other change (y/y) Decorative products
Slide 17: P&L (key items): H1 of 2025
P&L (key items): H1 of 2025 In H1 of 2025 the Śnieżka Group generated a consolidated net Net profit attributable to the parent company’s shareholders profit of PLN 31,269 thousand, i.e. 1.4% lower than in the amounted to PLN 30,020 thousand (0.0% y/y). corresponding period of the previous year. 17
Slide 18: P&L (key items): Q2 of 2025
P&L (key items): Q2 of 2025 In Q2 of 2025 the Śnieżka Group generated a consolidated Net profit attributable to shareholders of the parent company net profit of PLN 20,459 thousand, i.e. by 3.3% lower than in amounted to PLN 19,417 thousand (a decrease by 3.4% y/y). the corresponding period of the p
Slide 19: Cash flow
Cash flow The Group’s cash flows in the 1H of 2025 Negative cash flows in H1 of 2025 amounting to PLN 21,985 thousand (after adjustment for foreign exchange differences). Cash and cash equivalents amounted to PLN 33,638 thousand at the end of the reporting period. (29 126) ▪Negative cash flows from
Slide 20: Balance
SNIEZKA GROUP. (in PLN min) 30.06.2024 30.06.2025 change (y/y) 559.8 539.9 -3.6% 131.5 119.3 -9.2% 138.9 119.4 -14.1% ul 358.9 387.2 7.9% Equity Trade and other liabilities 109.9 95.7 -12.9% As at 30 June 2025, the Group's total assets amounted to PLN 816,877 thousand, representing a year-on-year de
Slide 21: Debt
Debt THE ŚNIEŻKA GROUP’S LIQUIDITY AND DEBT RATIOS 21
Slide 22: Dividend (in PLN '000)
Dividend ( in PLN ‘000) PLN 582,221 thousand Total value of dividend paid since the debut on the WSE 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 22
Slide 23: Strategic goals (1/2)
Strategic goals (1/2) ▪ Net profit: PLN 1.1 bln ▪ EBITDA margin: 18% Together with the publication of the annual report for 2023, a ▪ Share in key markets above 20% decision was made to announce new strategic goals of the Śnieżka ▪ Key brands in the TOP 3 spontaneous Group until 2028 recognition ▪ S
Slide 24: Strategic goals (2/2)
Strategic goals (2/2) Assumptions: ▪The adoption of the goals is based on the assumption that the conditions for conducting business activities will remain stable, which includes legal, tax and Not only will their administrative regulations in Śnieżka's key markets. implementation increase The Manag
Slide 25: Agenda
SNIEZKA Enclosures p. 28-40
Slide 26: Medium-term perspective
Medium-term perspective The main external factors affecting the Group's performance in Main internal factors affecting the Group's the coming quarters will be: performance: ▪Development of the product offer in current sales channels. Macroeconomic: Geopolitical: ▪Growth rate of Gross Domestic ▪Armed
Slide 27: Agenda
Agenda Enclosures p. 28-40 27
Slide 28: Selected awards and distinctions
Selected awards and distinctions European Coatings Of the ESG ranking: Silver EcoVadis Medal ranking Responsible For the second time, Śnieżka’s activities in For the seventh time, the Śnieżka Group has Management 2024 the area of sustainable development have been ranked among the largest and best-
Slide 29: Mission and Vision
SNIEZKA GROUP MISSION AND VISION Our values: MISSION We believe COlOurS matter. We want to VISION y , -) @ 9 inspire with colours, Innovation create space, build emotions. *, Business QO efficiency
Slide 30: Selected financial information
Selected financial information CONSOLIDATED STANDALONE (in PLN ‘000) As at/period As at/period (in PLN ‘000) As at/period As at/period 6 months ended 6 months ended 6 months ended 6 months ended 30 June 2024 30 June 2025 30 June 2024 30 June 2025 Net sales revenues Net sales revenues 402 648 380 328
Slide 31: Seasonality
Seasonality SEASONALITY OF SALES OF THE ŚNIEŻKA GROUP IN POLAND (in PLN mln) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 ▪ Seasonality is observed in the Śnieżka Group’
Slide 32: Foreign markets
Foreign markets The markets where our companies are based Other foreign markets where we actively operate: Moldova Slovakia Romania Kazakhstan Armenia Lithuania Georgia Czech Republic Serbia 32
Slide 33: Our locations
Our locations Warsaw Brzeźnica, Pustków, Lubzina, Zawada Radom BELARUS 7 production facilities POLAND 4 countries, where our offices, facilities and warehouses are located UKRAINE Production facilities HUNGARY Offices Zhodino near Minsk Logistics centre Bócsa Yavoriv 33
Slide 34: Product categories
Product categories PREMIUM VALUE FOR MONEY WALLS WOOD METAL FACADES PUTTIES 34
Slide 35: Brand structure
Brand structure SUB-BRANDS: SUB-BRANDS: SUB-BRANDS: SUB-BRANDS: CERAMIC PLATINUM RADACH EKO, EKO PLUS #KOLORLOVE INNTALER FOR GATES AND FENCES SUPERMAL CREATIVE WHITE CELLKOLOR FOR CONCRETE ACRYL PUTZ BE EKO BOROKA DIRECTLY TO RUST BARWY NATURY (COLOURS OF NATURE) GRUNT (PRIMER) NON REFLEX CHLORINAT
Slide 36: Our key brands 1/2
Our key brands 1/2 The core brand of the Group, which Products for the most demanding An umbrella brand, which offers offers a wide range of products. Its customers who value quality and a wide portfolio of products for portfolio is comprised of products for style. The portfolio of this the protecti
Slide 37: Our key brands 2/2
Our key brands 2/2 A top quality brand for wood A brand specializing in the production A brand of facade products protection and decoration. The of decorative products (enamels for based on decorative plasters brand's offer has been prepared for metal protection and decoration) and and facade paints
Slide 38: Market in Poland: other key manufacturers
Market in Poland: other key manufacturers A manufacturer of paint, varnishes, chemicals, optical products, glass and Dutch manufacturer of paints and glass fibres, listed on the New York Stock varnishes and special-purpose Exchange. chemicals, listed on Euronext The core brands are as follows: Amste
Slide 39: Raw materials for the paint production
Raw materials for the paint production Resins - natural or synthetic substances that bind pigments and fillers in paint with each other and with the substrate. They ensure paint properties such as: wash and scrub resistance and gloss. Generally, the higher the resin content, the higher the quality a
Slide 40: Disclaimer
Disclaimer Reading the content of this Presentation ("Presentation") or participation in a meeting at which this Presentation is displayed or discussed, shall be equal to the acceptance of the content of the following disclaimer. This Presentation has been prepared by Fabryka Farb i Lakierów Śnieżka
Slide 41: Thank you
Thank you Fabryka Farb i Lakierów Śnieżka SA the company’s registered office: Warsaw, ul. Chłodna 51 mailing address: 39-207 Brzeźnica, ul. Dębicka 44 Aleksandra Małozięć ESG and Corporate Communications Director aleksandra.maloziec@sniezka.com phone: +48 667 660 399 41