Slide 1: Preliminary Results for the Year Ended 31 March 2019
Solasta House, UK- ACCOYA® cladding || | eer 1 if | h Hl _ al ACCSYS TELEINOLOGHS PLC : oer i tl PRELIMINARY RESULTS FOR THE YEAR ENDED.31 MARCH 2019 I} Major capacity expansion, strong
Slide 2: Disclaimer
ACCSYS GROUP DISCLAIMER The purpose of this document is to provide general information about Accsys Technologies PLC (“Accsys”) and its operations solely to the addressee. By accepting this document the recipient agrees to keep confidential at all times information contained in it or made available
Slide 3: Overview
Noosa Boardwalk, Australia ACCOYA® frame Aaeaigeaie ee age INSENAS . OVERVIEW
Slide 4: At a Glance - Who Is Accsys?
AT A GLANCE - WHO IS ACCSYS? * Accsys combines chemistry, technology and ingenuity to create new sustainable options for use in the built environment j * Our proprietary wood acetylation process chemically modifies wood throughout, making it highly durable, stable, and virtually impervious to rot an
Slide 5: Overview
OVERVIEW ; ; ; REVENUE ¢ Strong demand and increased manufacturing capacity driving revenue growth € 7 5 . 2 m + 2 3 % ¢ Higher volumes, economies of scale, improved margin, higher licence income - increasing profit * €2.3m underlying EBITDA in H2, leading to growth of GROSS PROFIT €4.4m year on yea
Slide 6: Our Markets
OUR MARKETS * Sustainability and ecological responsibility are growing trends across all industries and markets ® 49,71 6m? Accoya * Our products are more sustainable and better performing ( Idin 2019 than man-made, intensely resource depleting and heavily sold in carbon-polluting alternatives * Acc
Slide 7: Why Is Sustainability Important?
ACCSYS GROUP WHY IS SUSTAINABILITY IMPORTANT ? and heavy carbon footprint materials Os * Demand growth for sustainable alternatives to man-made x) _—? 2 al \ * We give the world a choice to build more sustainably “A Endlessh; = * Our products fit perfectly into the sustainable circular ( renewable —
Slide 8: Tricoya Plant Construction, Hull, UK - May 2019
ACCSYS TRICOYA® PLANT CONSTRUCTION, HULL, UK~ MAY 2019 GccsyaQ)) tricoya © Aecsys 2019
Slide 9: Strategic Progress
STRATEGIC PROGRESS Accoya® demand continues to exceed increased production: Third reactor on stream - capacity increased to 60,000m3 Arnhem plant operating at full capacity from Q4 33% increase in sales volumes in H2 Planning underway for fourth reactor - to increase capacity to 80,000m? USA plant -
Slide 10: Strategic Progress: Tricoya
ACCSYS GROUP STRATEGIC PROGRESS Tricoya® progress: * Construction work in Hull progressing - €28m invested in year * Expected to be operational mid-2020 calendar year * Long term profitability remains unchanged * Expect MEDITE and FINSA will utilise majority of capacity ¢ 49% increase in sales of Ac
Slide 11: Niwa Project, France - Accoya Pergolas, Shades & Facades
ACCSYS GROUP Niwa Project, France - ACCOYA® PERGOLAS , SHADES & FACADES
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS H2 2019 v € million 2019 2018 change H22019 12019 Hz22018 HI 2019 1 soley Total Group Revenue 75.2 60.9 23% 43.6 31.6 326 38% 34% Gross profit 18.6 13.6 37% 11.6 7.0 8.0 66% 45% Underlying EBITDA 0.9 (3.5) 23 (1.4) (0.7) Underlying loss before tax (6.2) (8.8) (1.7) (4.5) (3.6) L
Slide 13: Significant Revenue Growth
SIGNIFICANT REVENUE GROWTH ¢ Revenue growth across all regions - Accoya® wood sales up 19% for the year ACCSYS GROUP * 49% increase in volumes to MEDITE & FINSA to support Tricoya® market seeding Sales volume by region Benelux, APA, RoW UK & Ireland Americas Cerdia ticoya ® Total volume sold : 49,71
Slide 14: Financial Overview
FINANCIAL OVERVIEW Accoya® segment revenue and manufacturing margin* * Group Gross profit up 37% - Higher volumes - Improved Accoya® gross margin - Higher licence income ¢ H2 2019 showing benefit from Reactor 3 coming on stream: - 33% increase in sales volume (vs H1 2019) 2017 2018 2019 - Accoya® gr
Slide 15: Movement in Net Debt
MOVEMENT IN NET DEBT Net Debt (€ million) 60.0 . . + Strong & improving EBITDA 2.6 | from Accoya® 500 a 67) a ; * Tricoya® EBITDA reflects Hull's pre-operating 40.0 wa position 300 * Capex investment in 48.2 production capacity 50.1 : includes 200 - Arnhem 3 Reactor (€8.4m) 10.0 - Hull plant (€27.8m
Slide 16: Outlook
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Slide 17: Outlook
ACCSYS GROUP OUTLOO K Total Production Capacity Growth Cubic metres or equivalent * Positive start to new financial year ; Prospective + Demand continues to exceed capacity 200,000 m + 4th Accoya® reactor - next opportunity for Prospective significant capacity increase 160,000 m? * Focus on developi
Slide 18: House of Heroes, Sweden - Medite Tricoya Extreme Decorative Screens
House of Heroes, Sweden - MEDITE® TRICOYA® EXTREME DECORATIVE SCREENS =S * W Bp PEND! occoyaG tncoyo
Slide 19: Segmental Analysis
ACCSYS GROUP SEGMENTAL ANALYSIS . R&D and ® ® 2019 Accoya Tricoya Corporate Group Total revenue 739 1.2 0.0 75.2 Gross profit 17.9 0.7 0.0 18.6 EBITDA 9.0 (1.9) (6.2) 0.9 Underlying EBITDA 9.0 (1.9) (6.2) 09 . R&D and ® ® 2018 Accoya Tricoya Corporate Group Total revenue 60.7 0.2 0.0 60.9 Gross prof
Slide 20: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION ACCSYS GROUP _ 2019 2018 € million Non-current assets 116.1 715 Current assets 36.5 63.5 Current liabilities (26.4) (21.4) Net current assets 10.1 42.1 Non-current liabilities (52.5) (40.1) Net assets 73.7 73.5 © Accsys 2019
Slide 21: Cash Flow
CASH FLOW ACCSYS GROUP _ 2019 2018 € million Cash flow from operating activities before changes in working capital 1.2 (4.5) Changes in working capital (2.6) 28 Net cash used by operating activities before tax (1.4) (1.8) Tax received/(paid) 17 (2.0) Net cash generated by/(absorbed by) operating act
Slide 22: Circular Economy & C2C
CIRCULAR ECONOMY & C2C cycle for Products far consumption Bio-cycle + No waste problem + (Rapidly) renewable + Low/ negative CO2 Techno-cycle + Not bio-degradable + High energy demand if recycled + Non renewable + High CO2 emissions in kgC0,e per rame per material (cradle to grave) Red Meranti (un:
Slide 23: 'The Ege', Netherlands - Accoya Frame
‘The Ege’, Netherlands - ACCOYA® frame " — AGGSYS GROUP