Slide 1: Corporate Presentation
& FLEXO? INNOVATORS = MANUFACTURERS =— PACKAGING SOLUTIONS Corporate Presentation 31/12/2022 www.flexopack.com » A) ae) rs)
Slide 2: Company Information
i FLEXG = Compan y Information INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS 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. P
Slide 3: Product range
B FLEX? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS Shrink films for bottling industries Lamination films Thermoforming films Vacuum Pouches and Tubing Shrink Bags Vacuum Skin Packaging films Barrier and high barrier FFS films Barrier and high barrier films for Liners Customized film structures
Slide 4: 12M-2022 financial highlights
XN INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS Thous. € 12M-2022 Sales 151.012 32,3% EBITDA 27.089 46,0% EBT 18.899 47, 4% EAT 14.102 35,5% | Shareholders Equity 106.509 13,6% Total Assets 176.019 22,9%
Slide 5: Important milestones of the year 2022
B FLEXO? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS Important milestones of the year 2022: > Around 89% of our business is outside of Greece > Continuous product development > Further expansion of sales team and distribution network > Investment Plan amounting to 16.141.503 € which falls under
Slide 6: Subsidiaries
B FLEXO? INNOVATORS © MANUFACTURERS = PACKAGING SOLUTIONS FLEXOPAG SUBSIDIARIES , eerie eae FLEXOSYSTEMS LTD FLEXOPACK INTERNATIONAL LIMITED POLAND SERBIA ‘CYPRUS (100%) (100%) (100%) | ] Td | | FLEXOPACK FLEXOPACK USA FLEXOPACK FLEXOPACK FLEXOPACK PTY FLEXOPACK FLEXOPACK IRELAND LTD Inc FRANCE SARL
Slide 7: Affiliates
i i LEXG? aad g =e Affiliates INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS AFFILIATES Inova S.A. — (50%) Vlachos S.A. — (47,71%) Greece Greece Rigid Packaging — Bag-in-Box Rotogravure Printer | a9 9
Slide 8: Consolidated Financials
INNOVATORS © MANUFACTURERS = PACKAGING SOLUTIONS CONSOLIDATED FINANCIALS ADDE
Slide 9: Group and Company income statement
B FLEXO? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS GROUP COMPANY Thous. € 12M-2022 12M-2021 D 12M-2022 12M-2021 D Sales 151.012 114.181 32,3% 120.395 93.166 29,2% Gross Profit 44.075 28.388 55,3% 28.535 19.680 45,0% Gross Profit Margin 29,2% 24,9% 23,7% 21,1% EBITDA 27.089 18.548 46,0% 18.612
Slide 10: Sales by geography
B FLEXO? INNOVATORS — MANUFACTURERS = PACKAGING SOLUTIONS Thous. € 12M-2022 _12M-2021 % Greece 16.284 14.927 9,1% % of total sales 10,8% 13,1% Europe 62.110 43.252 43,6% % of total sales 41,1% 37,9% Other Countries 72.618 56.002 29,7% % of total sales , 48,1% 490% Total Exports 134.728 99.254 35,7%
Slide 11: Cash flow
BFL INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS Thous. € 12M-2022 12M-2021 Earnings before taxes 18.899 12.818 Adjustements 8.543 6.328 Gross Cash Flow 27.442 19.146 Change in Working Capital (21.729) (10.205) Income tax paid (2.812) (3.034) Operating Cash Flow 2.901 5.907 Cash Flow from Invest
Slide 12: Debt and net debt
Bf FLEXO? 12 INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS GROUP. COMPANY Thous. € 12M-2022 12M-2021 12M-2022 12M-2021 Long-term debt obligations 27.674 12.540 25.552 10.875 Short-term bebt obligations 5.400. 3.528 3.861 2.357 Total bank debt 33.074 16.068 29.413 13.232 Liabilities for Leases 648
Slide 13: Sales and CAPEX 2018-2022
B FLEXO? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS GROUP Thous. € 2018 =—2019 = 2020) 2021 = 2022/ TOTAL Sales 84.492 89.277 96,953 114.181 151.012) 535.915 CAPEX 10.410 5.651 6.578 3.187 13.490} 39.316 % On Sales 12,3% 63% 68% 2,8% 89%| _7,3% . ay 2
Slide 14: Consolidated balance sheet
B FLEXO? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS Thous.¢€ 12M-2022 12M-2021 Db ASSETS Tangible & Intangible Assets 62.012 54.144 14,5% Investments in Associate Companies 6.208 5.600 10,9% Other L.T.assets 749 1.028 -27,1% Total Non Current Assets 68.969 60.772 13,5% Inventories 51.745 32.44
Slide 15: Disclaimer
Pana Siscoimer INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS. 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 base
Slide 16: Contact details
Ld FLEXG:? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS 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.0.0. Tragamin 17, Malbork, 82-200, Polska T +48 (55)2720048, F +48 (55)2731806 FLEXOPACK PTY LTD 1