Romcarbon Sa · BVB:ROCE
Romcarbon Sa — Q1 2024 Earnings Presentation
17 slides from Romcarbon Sa's earnings presentation, May 17, 2024
Slide 1: Romcarbon 3 Months 2024 Online Conference
RO-MCARBON SE all TON UNGUREANU CARMEN MANAILA CCRISTINEL DOBROTA 3 MONTHS 2024 ONLINE CONFERENCE | MAY 17, 2024, 10:30 A.M.
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of shares issued by Romcarbon , or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy shares in Romcarbon. Neither this presentatio
Slide 3: Agenda
1 Romcarbon Group & activities 2 Key figure of consolidated financial statement 3 Evolution of the business by profit center & Contribution of individual profit center AGENDA 4 Business focus – Plastic recycling , PET tray, PS trays, PP bags. 5 New investment and business opportunity 6 ESG 7 Q&A
Slide 4: Romcarbon Group
Plastic processing : PE / PS / PP / PVC ROMCARBON GROUP 771 Recycled polymers and compounds Filter and Active carbon employees 537 Plastic processing : PP / PET / PE employees Plumbing, heat and air 62 conditioning installation employees IT services 8 employees 4
Slide 5: PE PS PP plastic processing and recycling products
PP woven bags in different sizes for packaging products used in chemical agriculture, food and chemical industry and other application PE packaging (little bags, bags, pouches by extrusion, printing, welding), general purpose Plastic recycle and compounds plastic film, foil for greenhouse, thermo fo
Slide 6: Consolidated Financial statements key figures
95,365 89,873 74,869 Consolidated Financial statements ~ key figures '000 LEI 3M 2022 3M 2023 3M 2024 2024 vs 2023 Revenue 95,365 89,873 74,869 -15,003 -17% 2022 2023 2024 Other income 1,074 1,032 1,036 4 0% Share of P/L of associates 1,583 0 0 0 SALES -17% Income EBITDA 8,089 6,880 1,741 -5,139 -75
Slide 7: Evolution of the Business by Activities
EVOLUTION OF THE BUSINESS BY ACTIVITIES Activity key figure - 000 LEI 3M 2022 3M 2023 3M 2024 2024 vs Profit before overhead to Turnover ratio 2023 Turnover 9,655 7,309 9,805 2,496 PE bag, film and bio EBITDA before overhead 646 372 1,330 958 degradable bag 12% Profit before overhead 458 186 1,138 9
Slide 8: Evolution of the Business by Activities
EVOLUTION OF THE BUSINESS BY ACTIVITIES CONTRIBUTION IN TURNOVER CONTRIBUTION IN EBITDA 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% PE 9,805 PE 1,330 PS 10,922 PS 1,827 PP 24,734 PP 1,239 PET 12,266 PET 565 Other 1,786 Other 150 Recycle 11,004 -1,5
Slide 9: Business Focus – plastic recycling
Business Focus – plastic recycling Difficulties and challenges ➢ Low market demand drives the price down for virgin polymers, which impacts negatively the demand and the price for recycled polymers. In absence of a recycling content target there is no motivation for plastic convertors to use recycle
Slide 10: Business Focus – PET and multilayer
Business Focus – PET and multilayer Difficulties and challenges ➢ Very low market demand. Difficult to maintain the current client portfolio. Turnover has been decreased for approx. 15% compare with 2023 Q1. ➢ Western European competitors are pushing aggressively their leftover capacity to our main
Slide 11: Business Focus – PS
Business Focus – PS Challenges : ➢ Keeping the production capacity and reduce the interruption caused by the old production line due to its age. ➢ Finding additional storage space to increase the stock of finished products and to be able to respond to requests from customers during peak sales period
Slide 12: Business Focus – PP
Business Focus – PP Difficulties and Challenges ➢ For small bag, the import of the grain, flour, sugar and salt from Ukraine has negative impact to the local producers who are our important clients. ➢ For big bag, the market remains very low, especially for chemical fertilizers and cereals. Both dom
Slide 13: New Investment and Business opportunity
New Investment and Business opportunity We started the investment in the PV panels with a capacity of 1MW. The project is financed by EU fund. The investment will be completed in Jun.2024. The estimated annual electricity production is around 1,130 MWH , meaning a saving of electricity cost of 120,0
Slide 14: Circular economy and resources saving, Q1 2024
CIRCULAR ECONOMY AND RESOURCES SAVING, figures of Q1 2024 Environment • 2,200 tons of plastic waste taken from market for recycling; • 39% proportion of recycled materials in total used raw materials for production in plastic processing sectors of Romcarbon; in PE sector 60.71%; in PS sector – 33.88
Slide 15: ESG – Q1 2024
ESG – Q1 - 2024 SUSTAINABILITY REPORT 2023 – in progress – to be published latest 30 June 2024 Environment Transition to ESRS = the new reporting standards (Delegate Regulation (UE) 2023/2772/31 July 2023). Activities completed so far: Materiality analysis – Impacts/Risks/Opportunity – GAP analysis
Slide 16: RO-MCARBON
RO-MCARBON
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