Orthex Oyj · OMXHEX:ORTHEX
Orthex Oyj — Q1 2024 Earnings Presentation
20 slides from Orthex Oyj's earnings presentation, May 15, 2024
Slide 1: Interim Report January–March 2024
Slide 2: Content
Content . Introduction to Orthex . January-March 2024 in brief . Strategy . Financials . Q&A INTERIM REPORT | JANUARY-MARCH 2024 | 15 MAY 2024
Slide 3: A leading Nordic houseware company
A leading Nordic houseware company with strong brands and Sustainable 6 socaesesasisston products pea @ Warehouses re] i} 8 sales offices B® >A40 customer countries ath 3 factories (incl. warehouses) ay >90% ownbrands se% oy ote snabili ala ~300 employees (FTE) a Ss Sustainability focus GastroMax’ o
Slide 4: Mission to make everyday life easier
Mission to make everyday life easier a4 Tan 48 i La KITCHEN HOME & GARDEN: (20 Functional and award-winning design B Long-lasting high-quality products OF i inability?) @ y &e Forerunner in sustainability?) ww ~10% of sales from new launches 1] Invoiced sales split by product category a/2024 2)No si
Slide 5: January-March 2024 in brief
Slide 6: Q1 2024: Strong profitability and sales growth
Q1 2024: il a Strong profitability and sales ce ~ eunib@e de vanibeed Net sales and Invoiced sales - 9 ia = Net sales increased by 7.5% to EUR 22.0 million (20.5) = Constant currency net sales growth was 8.3%. = Invoiced sales increased by 8.1% and totalled EUR 22.9 million (21.2) Adjusted EBITA = A
Slide 7: Net sales by region and product category
20 18 18 16 16 14 14 12 12 10 10 8 8 6 6 4 2 4 0 2 Nordics Rest of Europe Rest of the world 0 1-3/2023 1-3/2024 Storage Kitchen Home & Garden 1-3/2023 1-3/2024 • • • • •
Slide 8: Strategy
STRATEGY Interim report January-March 2024 oe;
Slide 9: Clear growth strategy to deliver objectives
Clear growth strategy to deliver objectives Solid keep winning in the Nordics Market} elerating n the international | the online retail markets through channel ustomer collaboration Net sales Net sales 2022 2023 Clear category strategy Showing the way Maintain a high focusing on storage in sustainab
Slide 10: Showing the way in sustainability
Showing the way in sustainability Sustainability news during Q1 Annual and Sustainability Report 2023 = Orthex Annual and Sustainability Report 2023 published on the corporate website in March. Recognitions = The new SmartStore™ Collect Biowaste was awarded with “Winner” at the German Design Awards
Slide 11: Maintain a high innovation rate
(Y) Maintain a high Ww) innovation rate Strategy in Action - Maintain a high innovation rate
Slide 12: Financials
Slide 13: 4,0 3,5 3,0 2,5 2023 2,0 2023 2024 2024 1,5 14 1,0 12 0,5
26 4,0 24 3,5 22 3,0 20 2,5 18 2023 2,0 2023 2024 16 2024 1,5 14 1,0 12 0,5 10 Q1 Q2 Q3 Q4 0,0 Q1 Q2 Q3 Q4 • • • • • •
Slide 14: Raw material price development (propylene)
Jan Feb March April May June 2019 July August September October November December Jan Feb March April May June 2020 July August September October November December Jan Feb March April Propylene (C3) Contract EUR/t May June 2021 July August September October November December Jan Feb March April May
Slide 15: Net debt and leverage
45 3,0 40 2,5 35 30 2,0 25 1,5 20 15 1,0 10 0,5 5 - - Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 Net debt Leverage • • • • •
Slide 16: Long-term financial targets
Long-term financial targets Target Description Latest reported SALES Total growth of >5% “An over time annual organic net sales 8.1% total . . growth to exceed 5 per cent on a Group level, ° . . GROWTH Outside Nordics >10% and 10 per cent outside the Nordic region” 7.2% outside Nordics “Improving EB
Slide 17: Summary
SUMMARY GOOD START OF THE YEAR BUILDING THE GROWTH BASE
Slide 18: mae Ww. pas ba ie | ai
mae Ww. pas ba ie | ai Pees ee ee mn = 1 mM
Slide 19: Key Performance Indicators
Key Performance Indicators EUR million 1–3/2024 1–3/2023 Change 2023 Invoiced sales 22,9 21,2 8,1% 88,0 Net sales 22,0 20,5 7,5% 85,9 Gross margin 6,7 5,4 23,4% 24,3 Gross margin, % 30,4% 26,5% 28,3% EBITDA 3,8 3,4 14,1% 14,9 EBITDA margin, % 17,4% 16,4% 17,3% Adjusted EBITDA 3,8 3,4 12,2% 14,9 Adju
Slide 20: Orthex – Practical is Beautiful
orthex’ Practical is Beautiful