Misitano And Stracuzzi S.p.a. · MIL:MS
Misitano And Stracuzzi — Intermonte | European MidCap Conference 2024
16 slides from Misitano And Stracuzzi's conference presentation, Nov 27, 2024
Slide 1: Investor presentation – Intermonte European MidCap Conference
Investor presentation Intermonte | European MidCap Conference 27 November, 2024 1 PJ [M&S] Strictly private and confidential
Slide 2: Disclaimer
Disclaimer This document has been prepared by Misitano & Stracuzzi S.p.A. (the “Company” or “Misitano & Stracuzzi ”) for information purpose only, it contains only summary information and, therefore, it is preliminary in nature. Furthermore it has been drafted without claiming to be exhaustive. By a
Slide 3: Misitano & Stracuzzi: "Where Citrus is of the Essence"
Misitano & Stracuzzi: “Where Citrus is of the Essence” A historic Messina business Leader in the citrus essences niche, with global reach • Misitano & Stracuzzi is a family-owned Sicilian company dating back more than 100 years, the result of a historic collaboration 2 Production Facilities MESSINA
Slide 4: Top Management, BoD and Strategic Advisory Board
Top Management, BoD and Strategic Advisory Board Strategic Advisory Board Antonio Stracuzzi Emanuela Stracuzzi Diego Stracuzzi Giuseppe Trusso Chairman, CEO MD Logistics MD Juice Department CFO Bhavesh Shah - Former Chief Procurement • Antonio has been a • Emanuela has been a • Diego has been a • Gi
Slide 5: What is an Essence and what is it used for?
What is an Essence and what is it used for? Examples of raw materials Transformation process End markets Why? Beverage 35 – 40% Improve the Juices organoleptic qualities of the products Lemon Blond orange Food Improve the taste of food & Home Care beverage Blood orange Mandarin 0.2 – 0.5% Essences P
Slide 6: Know-how is at the heart of the Essences business
Know-how is at the heart of the Essences business Know-how Essential oils and & Strong flavour Features required natural products(2) R&D customization by the customer In order to match customers' needs Demand for Raw material shortage natural products The shortage of certain raw The demand for natur
Slide 7: Key positioning in the value chain through proprietary solutions
Key positioning in the value chain through proprietary solutions that are decisive in the final consumer's choice Direct to Brand Owners Food & Producing Beverage Farmers Manufacturers Solutions Production of Flavour Retailers Development Specialties Manufacturers Ho.Re.Ca Final Consumers Essential
Slide 8: Accomplished entrepreneurs leveraging a 100+ year business heritage
Accomplished entrepreneurs leveraging a 100+ year business heritage driven by significant foreign growth in recent years In 2022 Stracuzzi family acquires all the shares of the Misitano family The Misitano and Stracuzzi families start operating in Corporate reorganization the citrus market Comprehen
Slide 9: Established, long-standing relationships with highly reputable customers
Established, long-standing relationships with highly reputable customers Customers Essences Juices M&S customers for citrus essences are large international players active mainly in the M&S's juice customers are mainly Italian Company’s main business food sector and to a lesser extent personal care
Slide 10: Extensive international presence: ~90% of revenues generated abroad
Extensive international presence: ~90% of revenues generated abroad through business relationships in more than 40 countries Under development San Filippo del Mela (ME) Pace del Mela (ME) Covered surface: 6,488 sqm Covered surface: 4,390 sqm Factory surface 17,328 sqm Factory surface: 11,990 sqm San
Slide 11: A broad market supported by structural mega-trends
A broad market supported by structural mega-trends, with high growth potential in natural products driven by health and wellbeing Global Fragrance and Aroma Market 2022A-2030E ($ bn) Key drivers Soft drinks (main target segment for M&S Great growth opportunity for essences) account for ~33% of total
Slide 12: Turning challenges into opportunities: the greening case study
Turning challenges into opportunities: the greening case study Leading orange producing countries 2023/2024 (mn tons) Greening Experience and innovation • The global production of oranges in 2023/2024 amounts “Greening”, also called “Yellow Dragon disease” is one of the most to 48.8 mn of tons serio
Slide 13: A combination of high growth and high profitability
A combination of high growth and high profitability Revenues (Eu mn) EBITDA (Eu mn) Net Income (Eu mn) margin % ▪ Increase in the Essence revenues margin % ▪ Improvement in product mix 10.4% 22.0% 18.8% 23.4% 5.0% 12.0% 10.5% 14.3% 59,0 41,5 35,8 13,0 32,8 7,1 8,4 6,2 5,1 4,3 3,4 2,1 2022 2023 1H202
Slide 14: Eu ca. 20 mn total investments for the two new plants
Eu ca. 20 mn total investments for the two new under development plants New Plant 1 - Pace del Mela (Messina) New Plant 2 - S. Filippo del Mela (Messina) Essences Juices Factory surface: 11,990 sqm Factory surface: 17,328 sqm Covered surface: 4,390 sqm Covered surface: 6,488 sqm Investments 2023- St
Slide 15: Closing remarks
Closing remarks Investment opportunity in a listed Italian leader focused on the niche of natural citrus essence 1 production leveraging a 100+ year business heritage A broad market supported by structural mega-trends, with high growth potential in natural products 2 driven by health and wellbeing K
Slide 16: Contact: Investor Relations
Contact: Investor Relations investor.relations@misitanoestracuzzi.com Misitano & Stracuzzi S.p.A. Via Ghibellina, 64 - 98122 Messina - Italy Phone: +39 090 2922571 16
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