Sanok Rubber Company Sa · GPW:SNK
Sanok Rubber Company Sa — FY2023 Earnings Presentation
20 slides from Sanok Rubber Company Sa's earnings presentation, 2024
Slide 1: Sanok Rubber Group Financial Results 2023 - Management Commentary
SANOK RUBBER GROUP FINANCIAL RESULTS 2023 MANAGEMENT COMMENTARY
Slide 2: Legal Reservations
LEGAL RESERVATIONS This presentation was created by SANOK RUBBER COMPANY S.A. (hereinafter referred to as Sanok RC). All copyright and related rights to the presentation belong exclusively to Sanok RC. It is forbidden to copy, distribute, modify, load, publish, display, record or use in any form and
Slide 3: Sanok Rubber Group 31.12.2023
SANOK RUBBER GROUP 31.12.2023 AUTOMOTIVE INDUSTRY BUILDING V-belts Sealing systems Window Systems Seals Pharmaceutical Rubber Products Antivibration Products Self-adhesive Seals Household Appliances Products Sanok Rubber Company SA is recognized in Europe and Sanok Rubber Company SA ha
Slide 4: Sanok Rubber Group: Employment and Turnover
SANOK RUBBER GROUP 1 446 mln PLN 2 927 persons EMPLOYMENT (average employment as at 2023) TURNOVER (mln PLN in 2023) 404 823 1 042 2 104 Other Subsidiaries Sanok Rubber Company SA Other Subsidiaries Sanok Rubber Company SA www.sanokrubber.pl 4
Slide 5: Sanok Rubber Group Subsidiaries
SANOK RUBBER GROUP SUBSIDIARIES POLAND SUBSIDIARIES ABROAD Stomet Sp. z o.o. Colmant Cuvelier RPS S.A.S. Sanok 100% Villers-la-Montagne, France 100% Stomil Sanok Dystrybucja Sp. z o.o. Draftex Automotive GmbH Bogucin near Poznań 100% Grefrath, Germany 100% Stomil Sanok Dystrybucja SMX RUBBER COMPANY
Slide 6: Financial Results 2019 - 2023
FINANCIAL RESULTS 2019 - 2023 Sanok Rubber Capital Group 2019 2020 2021 2022 2023 Net Sales [thous. PLN] 1 052 229 976 070 1 171 680 1 385 420 1 445 601 EBITDA [thous. PLN] 87 906 106 475 103 180 119 707 151 212 EBITDA Margin [%] 8,4% 10,9% 8,8% 8,6% 10,5% EBIT [thous. PLN] 32 189 44 079 39 850 58 0
Slide 7: Financial Results Q4 2019 - 2023
FINANCIAL RESULTS Q4 2019 - 2023 Sanok Rubber Capital Group 2019 2020 2021 2022 2023 Net Sales [thous. PLN] 247 345 269 955 287 835 347 003 326 968 17 749 7 005 27 945 30 403 30 238 EBITDA [thous PLN] 10,4% 2,4% EBITDA Margin [%] 7,2% 8,8% 9,2% 2 172 11 628 14 979 14 265 EBIT [thous. PLN] -9 347 16
Slide 8: Consolidated Sales 2019 - 2023
CONSOLIDATED SALES 2019 - 2023 Segments 2019 2020 2021 2022 2023 Sprzedaż netto [tys. PLN] AUTOMOTIVE 631 991 575 346 673 036 803 617 845 030 0 EBITDA [tys. PLN] 118[%] Marża EBITDA 620 114 162 BUILDING 147 612 171 876 197 852 INDUSTRY 156 Zysk netto [tys. 355 PLN] 173 710 206 686 230 185 219 188 Re
Slide 9: Financial Results 2022 - 2023
FINANCIAL RESULTS 2022 - 2023 Sanok Rubber Capital Group 250,0 positive negative 17,4 3,4 0,9 3,3 17,5 200,0 150,0 233,4 100,0 199,5 50,0 0,0 Segment result 12M Automotive Building Industry&Agriculture Compounds Others Segment result 12M 2022 2023 www.sanokrubber.pl 9
Slide 10: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET ASSETS 31.12.2023 Structure'23 31.12.2022 Structure'22 Dynamics % Fixed assets 461 401 44, 8% 443 438 43, 6% 104, 1% Current assets 568 393 55, 2% 573 109 56, 4% 99, 2% in it: Inventory 248 398 24,1% 269 621 26,5% 92,1% Receivable 191 815 18,6% 204 335 20,1% 93,9% Financia
Slide 11: Consolidated Cash Flow
CONSOLIDATED CASH FLOW [mln PLN] OPERATING ACTIVITIES INVESTMENT ACTIVITIES FINANCIAL ACTIVITIES CHANGE IN NET CASH POSITION 187,9 92,3 31,4 10,6 -15,8 -65,9 -77,9 -78,4 12 months 2023 12 months 2022 www.sanokrubber.pl 11
Slide 12: Financial Results Sanok RC SA
FINANCIAL RESULTS SANOK RC SA Rok Q4 2023 2022 % 2023 2022 % Sales revenues [thous. PLN] 1 042 172 968 768 107,6 238 427 248 007 96,1 EBITDA [thous. PLN] 120 780 110 524 109,3 25 457 27 491 92,6 [%] 11,6 11,4 10,7 11,1 EBIT [thous. PLN] 67 055 59 259 113,2 11 776 14 399 81,8 [%] 6,4 6,1 4,9 5,8 Net
Slide 13: Operational Indicators
OPERATIONAL INDICATORS Liquidity 2,5 2,37 2,38 90 Inventory turnover 84 2,30 2,28 2,21 2,13 2,08 2,05 1,98 1,98 1,96 80 77 1,91 1,90 1,87 1,90 2 74 1,72 1,74 72 1,67 1,64 1,601,60 1,56 69 1,48 1,451,451,48 68 1,45 70 66 67 65 66 66 66 67 1,5 1,33 65 64 65 1,26 1,261,241,221,29 63 1,51 62 61 1,451,47
Slide 14: Net Debt/EBITDA Ratio
NET DEBT/EBITDA RATIO Sanok RC SA Grupa Sanok RC 0,6 netdebt/EBITDA 0,5 0,6 0,5 0,5 0,4 0,5 0,4 0,4 0,4 0,4 0,4 0,3 0,3 0,2 0,2 0,2 0,2 0,1 0,1 0,0 0,0 1Q2023 2Q2023 3Q2023 4Q2023 1Q2023 2Q2023 3Q2023 4Q2023 www.sanokrubber.pl 14
Slide 15: Macroeconomic Environment
MACROECONOMIC ENVIRONMENT www.sanokrubber.pl 15
Slide 16: Currency Exchange
CURRENCY EXCHANGE EUR/PLN 4,900 4,800 4,700 4,600 4,500 4,400 4,300 4,200 I II III IV V VI VII VIII IX X XI XII 2021 year 4,544 4,499 4,601 4,566 4,530 4,502 4,563 4,570 4,566 4,595 4,651 4,616 2022 year 4,555 4,554 4,760 4,647 4,650 4,646 4,771 4,722 4,739 4,809 4,698 4,680 2023 year 4,697 4,743 4,
Slide 17: Raw Material Trends
RAW MATERIAL TRENDS 2Q 2024 1Q 2023 KAUCZUKI EPDM NR CR SBR 2Q 2024 1Q 2023 SADES SEMI-ACTIVE ACTIVE INACTIVE SPHERONY 2Q 2024 1Q 2023 PLASTICIZERS PARAFFIN OILS NAPHTHENIC OILS SYNTHETIC OILS 2Q 2024 1Q 2023 OTHER VULCANIZERS ACCELERATORS ANTIOXIDANTS METAL OXIDES WOSKS SEGMENTY PRODUKCJI: PRICES :
Slide 18: Further Development Directions of the Group
FURTHER DEVELOPMENT DIRECTIONS OF THE GROUP www.sanokrubber.pl 18
Slide 19: Goals and Strategic Ambitions
GOALS AND STRATEGIC AMBITIONS Vision The Sanok Rubber Company is a diversified Group of innovative and highly efficient business units, offering customers systemic solutions INCREASE IN BUSINESS EFFICIENCY EXPANSION OF OPERATIONAL SCALE AND BALANCED DIVERSIFICATION FINANCIAL RESULTS Expansion of pro
Slide 20: Thank you!
-_ SANOK RUBBER ——— ee Thank you!