Nafpaktos Textile Industry SA · ATHEX:NAYP
Nafpaktos Textile Industry SA — Investor Presentation (July 2020)
69 slides from Nafpaktos Textile Industry SA's investor presentation, July 2020
Slide 1: Investor Presentation July 2020
Investor Presentation July 2020 Textile Goods & Renewable Energy
Slide 2: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 3: At a Glance
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. At a Glance Profitable Active in all 3 Business course despite sectors of the Units sector's recent textile industry difficulties Constantly Diversified Over 80 developing customer employees capacity portfolio Top of textile 30+ years
Slide 4: Business Unit Analysis: Company Profile & Presence
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Business Unit Analysis Company Profile & Presence Source: Company, VRS 4
Slide 5: Business Unit Analysis
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Business Unit Analysis Business Units Founded in 1964 in Nafpaktos, Greece Today’s capacity is 13,000 spinning spindles. The annual production capacity amounts to 1,550 tons of cotton yarn. The company also owns an 8-loom weaving mill
Slide 6: Product Portfolio
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Business Unit Analysis Product Portfolio Cotton seed Ginned Cotton Cereals Yarn Solar Power Source: Company, VRS 6
Slide 7: Product Portfolio (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Business Unit Analysis Product Portfolio (Continued) Other products Cotton combed yarns o Slub Yarn The company’s spinning mill o S & Z twist produces 100% cotton combed o Dyeing Cone package yarns in the range of Ne 20/1 – Ne 50/1. C
Slide 8: Production Procedure
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Business Unit Analysis Production Procedure Phase 1 Phase 2 Phase 3 Strong liquidity Production Quality Sufficient yarn production of Quality control of each cotton The company obtains the the same lot, for a long-lasting bale ensures
Slide 9: Day-to-Day Existing & Potential Applications of the Company's Products
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Business Unit Analysis Day-to-Day Existing & Potential Applications of the Company’s Products When you sleep When you relax When you play When you need to stay dry When you travel When you dress up When you decorate When you celebrate
Slide 10: Corporate History – Key Milestones
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Business Unit Analysis Corporate History – Key Milestones Investment 51% participation 2-month halt of completion and in the share capital 100% acquisition Weaving mills weaving mills beginning of of Sofades Ginning of Energiaki Pinia
Slide 11: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 12: Global Market Overview – Textile & Leather Goods
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Global Market Overview – Textile & Leather Goods Sector Trends U.S. policy systematically Significant drop on High imports of undervalued the importance cotton fabric second-hand products. of domestic manufacturing. consumption and La
Slide 13: Global Market Overview – Sector Trends (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Global Market Overview – Textile & Leather Goods Sector Trends (Continued) Change (%) Change (%) Global 2020/21 cotton production is expected in million 2019/20 2020/21 2018/19 2018/19 - 2019/20- Bales est. est. 2019/20 2020/21 to dec
Slide 14: European (EU) Market Overview - Textile & Leather Goods
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. European (EU) Market Overview - Textile & Leather Goods Sector Trends Key Notes 2019 EU 27 Turnover • EU27's production slipped back, mostly in the 4th quarter, • EU27’S sales dropped since the beginning of the year. 5.00% 4.20% • Ret
Slide 15: EU Trade Partners – Changes in Quantity
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. European (EU) Market Overview - Textile & Leather Goods Top Textile and Clothing Trade Partners of EU 27 – Changes in Quantity Imports (Quantity) 2018 2019 % Change Exports (Quantity) 2018 2019 % Change China 3,678,767 3,648,960 -0.81
Slide 16: EU Trade Partners – Changes in € Million
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. European (EU) Market Overview - Textile & Leather Goods Top Textile and Clothing Trade Partners of EU 27 – Changes in € Million Imports (in € mn) 2018 2019 % Change Exports (in € mn) 2018 2019 % Change China 32,403 32,975 1.77% UK 11,
Slide 17: Greek Market Overview - Textile & Leather Goods
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Greek Market Overview - Textile & Leather Goods Historical & Actual Trends Exports In 2019 (in € million) The strong growth in the textile sector occurred after the end of World War II with the creation of large units until 1970. Duri
Slide 18: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 19: Greek Economy Overview: Macroeconomic Metrics – Latest Forecasts
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Greek Economy Overview Macroeconomic Metrics – Latest Forecasts The macroeconomic environment in Greece has been steadily recovering over the past couple of years. Greek GDP is expected to shrink in 2020 from 5% to 9% as a result covi
Slide 20: Greek Economy Overview: Macroeconomic Metrics
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Greek Economy Overview Macroeconomic Metrics With the Greek economy’s return to a growth trajectory after a decade of political and economic turmoil, the economic climate was steadily improving. This favorably changing economic landsc
Slide 21: Greek Economy Overview: Macroeconomic Metrics (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Greek Economy Overview Macroeconomic Metrics (Continued) Economic Summary as of H1 2020 GDP Inflation Debt to GDP Unemployment Income from Tourism Income from Shipping Stock Market 10-Year Government Bond Yield Economic Sentiment Inde
Slide 22: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 23: Competitive Positioning: SWOT Analysis
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Competitive Positioning SWOT Analysis Strengths Weaknesses Geographically diversified Heavily hinged on yarn customer portfolio activities Improved financial performance Opportunities Threats Growing energy sector Italy’s ec
Slide 24: Group's Strengths
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Competitive Positioning Group’s Strengths Constantly improved capacity Diversified Customer Constantly improved Portfolio performance GROUP’S STRENGTHS Direct access to Operating in raw materials different sectors high inventory level
Slide 25: Geographical Revenues Breakdown
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Financial Key Figures Geographical Revenues Breakdown Source: Company, VRS 25
Slide 26: Geographical Revenues Breakdown (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Financial Key Figures Geographical Revenues Breakdown (Continued) 2019 Revenues Revenues % Breakdown (in € thous.) Italy € 3,725 26.46% Greece € 3,546 25.19% 2019 Turkey € 3,077 21.86% Revenues Germany € 969 6.89% Czech Republic € 748
Slide 27: Revenues Breakdown by Segment & Product
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Financial Key Figures Revenues Breakdown by Segment & Product Revenues Breakdown by Segment (in € thousand) Revenues Breakdown by Product (in € thousand) Source: Company, VRS 27
Slide 28: Revenues Breakdown by Segment & Product (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Financial Key Figures Revenues Breakdown by Segment & Product (Continued) Revenues Breakdown by Segment (% Y-o-Y Change) Revenues Breakdown by Product (% Y-o-Y Change) Source: Company, VRS 28
Slide 29: P&L Metrics
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Financial Key Figures P&L Metrics in € thousands 2019 2018 2017 2016 2015 2014 Revenues 2014-2019 Turnover 14,077 12,295 12,355 10,264 8,240 7,861 y-o-y Change % 14.49% -0.49% 20.38% 24.56% 4.81% n/a EBITDA 1,023 901 1,385 229 185 529
Slide 30: Balance Sheet & Cash Flow Metrics
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Financial Key Figures Balance Sheet & Cash Flow Metrics in € thousands 2019 2018 2017 2016 Net Intangible Assets 396 425 457 488 Improved Cash Deposits Net Tangible Assets 2,760 2,938 3,188 3,417 Inventories 6,501 7,964 6,869 5,615 Tr
Slide 31: Strategy Execution
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Strategy Execution Growth Strategy Modernization & Expansion Additional equipment of €5 million value will lead to the improved capacity of textile facilities and reduce production costs through energy saving Strong Focus on and econo
Slide 32: Company Risks & Mitigating Factors
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Strategy Execution Company Risks & Mitigating Factors The company has claims of almost Credit Risk €2.8 million. Commodity Risk Foreign Exchange Risk The course of the sector is highly Only the sales of Sofades Ginning Mills connected
Slide 33: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 34: Corporate Governance: Mini Bios
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Corporate Governance Mini Bios Born in Athens in 1971. Has been working in the company since 1991 and holds the position of Fabric Vasileios Polychronos Sales Director since 1996. Board member of "SOFADON GINNING MILLS S.A." as a Cons
Slide 35: Organizational Chart
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Corporate Governance Organizational Chart Source: Company 35
Slide 36: Human Resources
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Corporate Governance Human Resources Equality Employees’ Rights No employment discrimination takes place on All employees’ rights are fully respected the basis of gender, religion, race, or ethnicity. and freedom within the workplace
Slide 37: CSR & Sustainability
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Corporate Governance CSR & Sustainability Environmental Health - Safety Memberships Protection Minimize Accidents Better Cotton Initiative Pollution Prevention / Reduction Educate Employees about Health Global Organic Text
Slide 38: Portfolio of Partnerships
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Corporate Governance Portfolio of Partnerships Major cotton clients are large commercial Major clients are European manufacturers in: houses and textile industries from Clothing Turkey Underwear Egypt Linen Asia They seek high quality
Slide 39: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 40: Stock Price: Market Snapshot
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Company’s Stock & Shareholders’ Structure Market Snapshot Nafpaktos Textile Stock Price Industry S.A. Price (July 6th) 0.70 0.90 20,000 Beta 0.17 Max 52 week 0.82 0.80 18,000 Min 52 week 0.57 16,000 0.70 1-Μ Rtn 0.00% 14,000 6-Μ Rtn -
Slide 41: Stock Price vs General Index
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Company’s Stock & Shareholders’ Structure Stock Price vs General Index Stock Price vs General Index Source: Athens Stock Exchange 41
Slide 42: Shareholders' Structure
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Corporate Governance Shareholders’ Structure Source: Company 42
Slide 43: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 44: Appendix - Financials: P&L Statement
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix - Financials P&L Statement P&L Statement 2014 2015 2016 2017 2018 2019 Turnover 7,861 8,240 10,264 12,355 12,295 14,077 y-o-y Change % n/a 4.81% 24.56% 20.38% -0.49% 14.49% Cost of Sales 4,594 5,454 6,962 7,539 7,667 9,078 %
Slide 45: Appendix - Financials: Assets
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix - Financials Assets ASSETS 2014 2015 2016 2017 2018 2019 Intangible Assets 551 520 488 457 425 551 Accumulated Depreciation 0 0 0 0 0 156 Net Intangible Assets 551 520 488 457 425 396 Tangible Assets 19,300 19,314 19,350 19,4
Slide 46: Appendix - Financials: Equity & Liabilities
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix - Financials Equity & Liabilities EQUITY & LIABILITIES 2014 2015 2016 2017 2018 2019 Equity & Liabilities Share Capital 10,244 10,244 10,244 10,244 10,244 10,244 Share Premium Account 8,358 8,358 8,358 8,358 8,358 8,358 Reser
Slide 47: Cash Flow Statement
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix - Financials Cash Flow Statement Cash Flow Statement 2015 2016 2017 2018 2019 Profit after Tax -748 -301 813 346 428 Plus: Change of Depreciation 872 372 333 320 327 Gross Cash Flow 91 36 1,113 536 753 Change in: (-) Trade De
Slide 48: Financial Ratios (1)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix Financial Ratios (1) Financial Ratios 2014 2015 2016 2017 2018 2019 Profit Margins Gross Margin 41.56% 33.81% 32.17% 38.98% 37.64% 35.51% EBITDA Margin 6.73% 2.24% 2.23% 11.21% 7.33% 7.26% EBIT Margin -5.14% -8.34% -1.39% 8.5
Slide 49: Financial Ratios (2)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix Financial Ratios (2) Financial Ratios (Continued) 2014 2015 2016 2017 2018 2019 Capital Structure Bank Loans / Total Equity (D/E Ratio) 0.20 0.34 0.43 0.49 0.62 0.47 Short - Term Debt / Total Equity 0.13 0.27 0.37 0.48 0.62 0
Slide 50: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 51: Appendix – Greek Economy: Historic Graphs
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Greek Economy Historic Graphs - Main Figures & Trends The macroeconomic environment in Greece has been steadily recovering over the past couple of years. Greek GDP is expected to shrink in 2020 from 5% to 9% as a result cov
Slide 52: Historic Graphs: Unemployment
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Greek Economy Historic Graphs - Main Figures & Trends (Continued) Unemployment, which is key indicator of the recovery of disposable income and consumer confidence, has been showing persistent signs of de-escalation followi
Slide 53: Historic Graphs: Economic Sentiment Index
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Greek Economy Historic Graphs - Main Figures & Trends (Continued) With the Greek economy’s return to a growth trajectory, the economic climate was steadily improving before the advent of covid-19 crisis. This favorably chan
Slide 54: Historic Graphs: Inflation
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Greek Economy Historic Graphs - Main Figures & Trends (Continued) Prior to the advent of Covid-19, the inflation of the Greek Economy seemed to be stabilized near to the EU range during the last 5 years. Inflation | Period
Slide 55: Historic Graphs: Debt to GDP
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Greek Economy Historic Graphs - Main Figures & Trends (Continued) After many years of political and economic turmoil, Greece overcame significant obstacles and improved the sustainability of its debt. Debt to GDP | Period 2
Slide 56: Historic Graphs: 10-Year Bond Yield
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Greek Economy Historic Graphs - Main Figures & Trends (Continued) The recognition of the improvement of the Greek economy is illustrated in the levels of the 10-Year Bond Yield. The country’s 10-year bond yield was at a his
Slide 57: Appendix – Greek Economy: Historic Data
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Greek Economy Historic Data Economic Summary as of 2019 GDP Inflation Debt to GDP Unemployment Income from Tourism Income from Shipping Stock Market 10-Year Government Bond Yield Economic Sentiment Index Business Confidence
Slide 58: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 59: Appendix – Cotton Futures
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Cotton Futures COTTON Futures: 55.79 Comment on May 1, 2020 [Bloomberg Ticker: CT1:COM] USD Cents per Pound (*) Graph 1: Cotton Futures (CT1:COM) Commodities (November 1, 2019 – May 1, 2020) To begin with, on the first four
Slide 60: Appendix – Cotton Futures: Comment on May 1, 2020 (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Cotton Futures COTTON Futures: 55.79 Comment on May 1, 2020 (Continued) [Bloomberg Ticker: CT1:COM] USD Cents per Pound (*) Graph 2: Candle Chart (April 1, 2020 – May 1, 2020) Graph 3: MACD (March 26, 2020 – May 1, 2020) 59
Slide 61: Appendix – Cotton Futures: Comment on May 1, 2020 (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix – Cotton Futures Comment on May 1, 2020 (Continued) Graph 5: Cotton Futures (CT1:COM) Commodities (May 1, 2015 – May 1, 2020) 100.60 May 1, 2015 – Examined Period May 1, 2020 90.60 Cotton Futures Standard Deviation 8.2762 80.
Slide 62: Pages
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Pages Company Profile 2 Sector Overview 11 Greek Economy Overview 18 Strategy & Financials 22 Corporate Governance 33 Company’s Stock & Shareholders’ Structure 39 Appendix ▪ Financials 43 ▪ Greek Economy 50 ▪ Cotton Commodity Analysis
Slide 63: Appendix - Company Photos
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix - Company Photos Building in Nafpaktos, Greece (Shot 1) 63
Slide 64: Appendix - Company Photos (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix - Company Photos (Continued) Building in Nafpaktos, Greece (Shot 2) 64
Slide 65: Appendix - Company Photos (Continued)
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Appendix - Company Photos (Continued) Photovoltaic Park in Pineia region, Greece – 1.3 MWp 65
Slide 66: Company's contact details
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Company’s contact details Head Office 40-44 Ag. Georgiou St., Pefki P.C. 15121 T: (+30) 210 6140430 F: (+30) 210 8028650 Factory Lygias Area Nafpaktos P.C. 30300 T: (+30) 26340 27757 F: (+30) 26340 28662 Information: info@nafpaktos-ya
Slide 67: Disclaimer
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Disclaimer This document is strictly private, confidential, and personal to its recipients and should not be copied, distributed, or reproduced in whole or in part, nor passed to any third party without permission. 67
Slide 68: Notes
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. Notes …………………………………………………………………………………………………………………………………………………………………………………………………….. …………………………………………………………………………………………………………………………………………………………………………………………………….. ……………………………………………………………………………………………………………………………………………………………………………………………………
Slide 69: End of Investor Presentation
Investor Presentation | July 2020 Nafpaktos Textile Industry S.A. End of Investor Presentation Textile Goods & Renewable Energy 69
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