Ad Plastik D.d. · ZSE:ADPL
Ad Plastik D.d — AD Plastik — Q1 2023 Earnings Presentation
28 slides from Ad Plastik D.d's earnings presentation, 2023
Slide 1: 2022 and the First Quarter of 2023 Results
2022 AND THE FIRST QUARTER OF 2023 RESULTS
Slide 2: Review of 2022, Financial Results 2022, Q1 2023
REVIEW OF 2022 FINANCIAL RESULTS 2022 MAIN FEATURES AND FINANCIAL RESULTS Q1 2023
Slide 3: Review of 2022
REVIEW OF 2022
Slide 4: Main features 2022
Main features 2022 Russian-Ukrainian Value adjustment EUR 204.9 crisis Russia million of sealed deals Lack of Rising prices of materials, 42 semiconductors energy sources, and services Active projects
Slide 5: Important events in 2022
Important events in 2022 Ford In the category Gold Key Q1 of children's rights (Slovenia)
Slide 6: Important events in 2022
Important events in 2022 82.55 ESG score 2022 552 points 76 all production sites 87 %
Slide 7: Value adjustment in 2022 (MHRK)
Value adjustment in 2022 (MHRK) Parent Group company Intangible assets write-off -18.4 -18.4 Goodwill value adjustment -8.2 - Value adjustment of long-term tangible assets -1.9 - Value adjustment of current assets -18.4 - Deferred tax asset -5.3 - Investment value adjustment - -36.5 Value adjustment
Slide 8: Sealed deals worth EUR 204.9 million for the European market
Sealed deals worth EUR 204.9 million for the European market Stellantis Group Suzuki Motherson Group 188.6 M€ 14.2 M€ 2.1 M€
Slide 9: The most significant development projects in 2022
The most significant development projects in 2022 for the first time development supplier for a well-known customer 15 new ones o wheel arch liners and rocker claddings o door trims and trunk side trims 42 active ones o spoiler
Slide 10: The newly registered car market in 2022
The newly registered car market in 2022 European market Russian market Number of newly registered cars Number of newly registered cars 9.3 M 0.7 M (-4.6%) (-58.8%)
Slide 11: Financial Results 2022
FINANCIAL RESULTS 2022
Slide 12: Operating revenue (MHRK)
Operating revenue (MHRK) AD Plastik Group AD Plastik d.d. Effect on revenue 1.200 1,126.2 1.200 1.100 1.100 1.000 Russia 1.000 27% 900 830.2 900 o Russian- 800 745.4 800 Russia 14% Ukrainian crisis 700 700 616.8 600 600 o Lack of EU 500 + EU 500 semiconductors 400 + Serbia 400 Serbia o Drop in order
Slide 13: EBITDA
EBITDA EBITDA and EBITDA margin in 2022 have been normalized for Russia-related value adjustment AD Plastik Group AD Plastik d.d. Effect on EBITDA 140 14% 125.3 120 12% 11.1% 10.2% o Russian-Ukrainian 100 10% crisis 80 76.3 8% o Lack of semiconductors 60 6% o Drop in orders 40 4% Revoz 20 2% 4.4 7.1
Slide 14: Net profit
Net profit AD Plastik Group AD Plastik d.d. Effect on net profit 40 2.9% 16.3 4% 20 32.7 2.2% 0 0% o Decreased -73.3 -103.6 EBITDA -20 -4% -40 o Value -8.8% -8% adjustment RU -60 -12% -80 o Positive -100 -16% exchange rate -16.8% differences -120 -20% 2021 2022 2021 2022 o EAPS profit and dividend N
Slide 15: Net financial debt
Net financial debt AD Plastik Group AD Plastik d.d. Effect on debt 375 356.4 375 350 350 323.1 325 325 300 284.8 300 275 275 o Loan repayment 253.3 250 250 o Without 225 225 (significant) new 200 200 borrowing 175 175 150 150 125 125 2021 2022 2021 2022 NFD NFD
Slide 16: Investments
Investments Capacity utillization HRK HRK HRK HRK 52% EU + Serbia million million million million 20% Russia
Slide 17: Affiliated company EAPS (JV)
Affiliated company EAPS (JV) Revenue 727.1 MHRK +35.7% EBITDA 116.0 MHRK +105.4% o Sales growth of Dacia EBITDA margin 16.0% models o High level of Net profit 83.5 MHRK +173.0% capacity utilization Capex 24.5 MHRK Cash on account 94.7 MHRK
Slide 18: Main Features and Financial Results Q1 2023
MAIN FEATURES AND FINANCIAL RESULTS Q1 2023
Slide 19: Main features Q1 2023
Main features Q1 2023 The impact of the Russian-Ukrainian crisis Focus on project EU customers New deals worth activities order growth EUR 95.4 million sealed
Slide 20: The newly registered car market Q1 2023
The newly registered car market Q1 2023 European market Russian market Number of newly registered cars Number of newly registered cars 2.7 M 0.15 M (+17.9%) (-44.7%)
Slide 21: Operating revenue (MEUR)
Operating revenue (MEUR) AD Plastik Group AD Plastik d.d. Effect on revenue 40 40 33.4 33.1 35 35 Russia 7% 30 Russia 30 23% 25.4 25 23.4 25 o Russian market 20 EU 20 EU + o EU customers 15 + Serbia 15 Serbia order growth 10 93% 10 77% 5 5 0 0 Q1 2022 Q1 2023 Q1 2022 Q1 2023
Slide 22: EBITDA
EBITDA AD Plastik Group AD Plastik d.d. Effect on EBITDA 3,5 3.3 20% 3 2.8 2.7 15% 2,5 2.2 2 o Russian 11.7% 10% 1,5 market 9.8% 8.5% 8.7% 1 o Sales growth 5% in EU market 0,5 0 0% o Price effect Q1 2022 Q1 2023 Q1 2022 Q1 2023 EBITDA (MEUR) EBITDA margin EBITDA (MEUR) EBITDA margin
Slide 23: Net profit
Net profit AD Plastik Group AD Plastik d.d. Effect on net profit 1,0 2,5% 0,9 2.3% 2.1% 0,8 2,0% 0.7 0,7 0,6 0.5 1,5% o EBITDA- 0,5 related effects 0,4 1,0% 0,3 0.8% o Exchange rate 0.2 differences 0,2 0,5% 0.1 0,1 0.2% o Higher EAPS 0,0 0,0% profit share Q1 2022 Q1 2023 Q1 2022 Q1 2023 Net profit N
Slide 24: Net financial debt
Net financial debt AD Plastik Group AD Plastik d.d. Effect on debt 40,0 39,0 38.6 37.8 38,0 37,0 36,0 35,0 34.7 o Financing of 33.6 new 34,0 projects 33,0 32,0 31,0 30,0 2022 Q1 2023 2022 Q1 2023 NFD NFD
Slide 25: Affiliated company EAPS (JV)
Affiliated company EAPS (JV) Revenue 25.6 MEUR +24.0% EBITDA 3.4 MEUR +15.3% o Sales growh of Dacia models EBITDA margin 13.3% o High level of capacity Net profit 2.6 MEUR +52.5% utilization o High Capex 2.2 MEUR efficiency Cash on account 11.2 MEUR
Slide 26: Expectations
EXPECTATIONS
Slide 27: Expectations
Expectations >10% average annual revenue growth over three years >10% average EBITDA margin over three years 10 M€ average annual investments over three years
Slide 28: Questions and Answers
AD Plastik QUESTIONS AND ANSWERS