Misitano And Stracuzzi S.p.a. · MIL:MS
Misitano And Stracuzzi — INTERMONTE: Le Eccellenze del Made in Italy 2025
26 slides from Misitano And Stracuzzi's conference presentation, Oct 1, 2025
Slide 1: INTERMONTE: Le Eccellenze del Made in Italy 2025 Investor Presentation
COME DISCOVER OUR LATEST INNOVATION MEET US AT ICBC INTERMONTE: Investor Le Eccellenze del Made in Italy 2025 Presentation 1 October, 2025 1
Slide 2: 2025 First Half Results
2025 FIRST HALF RESULTS Antonio Stracuzzi, Chairman and CEO of the Company, commented: "We are pleased with the top-line growth achieved in the first half of 2025, despite a context still marked by persistent geopolitical and macroeconomic challenges. Sales remained strong, with solid demand across
Slide 3: Revenues to Euro 41m, up by 13,5% vs 1H 2024
Revenues to Euro 41m, up by 13,5% vs 1H 2024 KEY 1H 2025 RESULTS • Revenues up 13.5% vs 1H 2024 – M&S continued to secure supply contracts with its main long-standing clients, who are among the largest market players • EBITDA of Euro 3.5 million recording a decrease vs 1H 2024 due to a sharp increas
Slide 4: Cost Breakdown 1H 2025
Cost Breakdown 1H 2025 From Total Revenues to EBITDA 1H 2025 (Euro m) COGS represents ~71% of the VoP (vs ~58% in 1H 2024). Compared to the previous significant decrease in first margin, mainly related to an increase in raw material costs 29,0 40,7 #91 employees, increase in Personnel cost due to ne
Slide 5: Cash Flow 1H 2025
Cash Flow 1H 2025 From initial Net debt to Final Net Financial Position 1H 2025 (Euro m) o/w Euro 3,4m in dividend distribution on Expansion in Capex, mainly 2024 FY results related to the two new (~ 38% payout productive plants ratio) 0,1 3,5 8,7 5,1 36,8 o/w Euro 11,3m of Trading Working Capital i
Slide 6: New production sites to support production ramp-up
New production sites to support production ramp-up • Key investment in production capacity ✓ Two new properties in the municipality of Pace del Mela (ME) and S. Filippo del Mela (ME) - renovation and industrial conversion works for the essential oils/aromatic solutions division completed with the re
Slide 7: Strategic leadership for long-term growth
Strategic leadership for long-term growth Strategic Advisory Board Antonio Stracuzzi Emanuela Stracuzzi Diego Stracuzzi Giuseppe Trusso Chairman, CEO MD Logistics MD Juice Department CFO Director of M&S since 2001; Director of M&S since 1995; Director of Misitano & Began his career in 2004 at respon
Slide 8: Guidance
Guidance 1 For the full year 2025, Top Management confirms revenue growth at a significant rate compared to FY 2024, while EBITDA margin is expected to be in the high single digits, strongly influenced by the rising trend in raw material costs A series of initiatives to mitigate the impact of extern
Slide 9: Distinctive capabilities meet customer growth & innovation ambitions
Distinctive capabilities meet customer growth & innovation ambitions MARKET & RESILIENCE NEW PLANTS INNOVATION State of the Art Innovation Center Fruits Extracts: Deep market Banana, Raspberry, expertise to guide Blackberry partners Fraction, shorth-path & Molecular Distillation Tailor-made and Q4 2
Slide 10: Building quality through Sustainability and Sector Conferences
Building quality through Sustainability and Sector Conferences PARTICIPATION IN KEY SECTOR CONFERENCES QUALITY & SUSTAINABILITY Ecovadis Silver, Top 15% New plant FSCC22000 CO2 footprint reduction certified program 10
Slide 11: A clear roadmap to substantial growth
A clear roadmap to substantial growth 1 Organic growth (medium term) mainly driven by: • Robust relationships with existing clients, new partnerships, continue to attract key industry leaders, expansion of production sites • Well-targeted geographic areas with high potential • Boost of product mix a
Slide 12: Closing remarks
Closing remarks Listed Italian leader focused on the niche of natural citrus essence production leveraging a 100+ year business heritage A broad market supported by structural mega-trends, with high growth potential in natural products driven by health and wellbeing Key positioning in the value chai
Slide 13: Appendix
APPENDIX 13
Slide 14: Misitano & Stracuzzi: Where Citrus is of the Essence
Misitano & Stracuzzi: “Where Citrus is of the Essence” A historic Sicilian 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 2 Production Facilities MESSINA of a historic collaboration
Slide 15: 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 0.2 – 0.5% beverage Blood orange Mandarin Essences P
Slide 16: 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 natural products The demand for natural products from the market is steadily increasing
Slide 17: 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 18: 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 essences) account for ~33% of total non- opportunit
Slide 19: Healthy upward trend and demonstrating resilience
Healthy upward trend and demonstrating resilience Revenues ( Eu m) EBITDA (Eu m) Net Income (Eu m) margin % margin % 10.4% 22.0% 21.4% 5.0% 12.0% 12.2% 72,9 59,0 15,6 41,5 13,0 8,9 7,1 4,3 2,1 2022 2023 2024 2022 2023 2024 2022 2023 2024 Capex (Eu m) Trade Working Capital (Eu m) Net debt (Eu m) TWC/
Slide 20: Key FY 2024 Results
Key FY 2024 Results KEY RESULTS Euro/m Change • EBITDA: Euro 15.6m (+19.7%), exceeding the target for “PAS Shares” (3,600,000 shares, which will be fully '24 vs '24 vs converted into ordinary shares) P&L 2024 % 2023 Inc. % '23 '23 Revenue 72,8 100% 59,0 100% 13,8 23,4% • EBIT: Euro 13.9m (+22.0% vs.
Slide 21: FY 2024 Cost Breakdown
FY 2024 Cost Breakdown From Total Revenues to EBITDA 2024 (Euro m) Raw materials represents ~60% of the VoP (vs ~57% in 2023). Compared to the previous year there has been a slight decrease in first margin, mainly related to an increase in raw material costs 44,9 74,9 # of employees 78(1) 8,0 4,9 1,
Slide 22: FY 2024 Cash Flow
FY 2024 Cash Flow From initial Net Financial Position to Final Net Financial Position 2024 (Euro m) o/w Euro 6.3m of Expansion Capex, mainly related to the two new productive plants o/w Euro 5.1m of dividend and Eu 17.7 m 6,8 IPO’s capital increase 12,6 8,6 1,7 o/w Euro 18.4m of TWC increase due to
Slide 23: 2024 Reclassified Consolidated Income Statement
2024 Reclassified Consolidated Income Statement RECLASSIFIED INCOME STATEMENT 31 Dec 2024 %on Rev. 31 Dec 2023 %on Rev. Change Change % Revenues from sales and services 72.837.254 100,0% 58.953.226 100,0% 13.884.028 23,6% Record in Sales Revenues, growth driven by a strong Cost of goods sold 43.252.
Slide 24: 2024 Reclassified Consolidated Balance Sheet and NFP
2024 Reclassified Consolidated Balance Sheet and NFP RECLASSIFIED BALANCE STATEMENT 31-dic-24 31-dic-23 Change Change % Intangible Assets 3.124.416 1.699.761 1.424.655 83,8% Tangible fixed assets 15.946.892 12.183.620 3.763.272 30,9% Financial Fixed Assets 14.192 11.421 2.771 24,3% Immobilized Asset
Slide 25: Contact: Investor Relations
Contact: Investor Relations investor.relations@misitanoestracuzzi.com Misitano &Stracuzzi S.p.A. Via Ghibellina,64- 98122Messina- Italy Phone:+39 090 2922571 25
Slide 26: 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. Furthermore it has been drafted without claiming to be exhaustive. By attending this presentation (“Presentation”) or otherwise
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