Thrace Plastics Holding And Commercial S.a. · ATHEX:PLAT
Thrace Plastics Holding And Commercial — Thrace Group — WOOD's Winter Wonderland EME Conference 2022
41 slides from Thrace Plastics Holding And Commercial's conference presentation, December 2022
Slide 1: Corporate Presentation December 2022
CORPORATE PRESENTATION I DECEMBER 2022
Slide 2: Thrace Group at a Glance
THRACE GROUP AT A GLANCE I 2021 Achieving in numbers growth and strong financial position in a challenging environment [GRI: 102-6, 102-7] Operates in Meeting the demands of Group human resources Sales network in Production capacity for Reuse of Operations in 3 business 25 market 2,201 80 countries
Slide 3: Business Units
BUSINESS UNITS I Operating in three different BUs, realizing synergies and diversification TECHNICAL FABRICS BU PACKAGING SOLUTIONS BU AGRICULTURE BU PRODUCING 100% RECYCLABLE PRODUCTS 3
Slide 4: Technical Fabrics Business Unit
TECHNICAL FABRICS I BUSINESS UNIT
Slide 5: Technical Fabrics BU
TECHNICAL FABRICS BU I Top class European producer with wide and well diversified product portfolio 5
Slide 6: Production & Revenue Breakdown
PRODUCTION & REVENUE BREAKDOWN I European based production with global footprint and extended sales network PRODUCTION GEOGRAPHICAL BREAKDOWN SALES GEOGRAPHICAL BREAKDOWN Asia, Africa & Oceania UK America 2% 32% America Volume Sold 11% 3% Greece 80.7 79.6 UK 3% '000 Tons 39% +1.4% European Union exc
Slide 7: Packaging Solutions Business Unit
PACKAGING SOLUTIONS I BUSINESS UNIT
Slide 8: Packaging BU
PACKAGING BU I Producer of food packaging and industrial products, being the market leader in SE Europe 8
Slide 9: Production & Revenue Breakdown
PRODUCTION & REVENUE BREAKDOWN I SE Europe based production and sales, with an ongoing increase in volumes on a y-o-y basis ▪ 75% of production and 57% of sales in Greece ▪ Main markets are Greece and SE Europe (83%) 9
Slide 10: Agriculture Business Unit
SAS ) =e AGRICULTURE BUSINESS UNIT
Slide 11: Agriculture BU
AGRICULTURE BU I Environmentally friendly Greenhouses with almost ZERO CO2 footprint ▪ 18.5 Ha, the biggest hydroponic greenhouses in S.E Europe ▪ The only greenhouses in the world heated exclusively by geothermal energy ▪ Greek sun flavoured vegetables with almost zero CO2 footprint ▪ Cultivating u
Slide 12: Agriculture BU Products
AGRICULTURE BU PRODUCTS I A focused range of products, well placed in the Greek market, with growth potential locally & abroad Our Products: Fresh & delicious hydroponic, low carbon footprint vegetables Cucumber Mini Cucumber Aubergines Cluster Tomato Beef Tomato Brioso Tomato Papeletto Tomato 12
Slide 13: Agriculture BU Products
AGRICULTURE BU PRODUCTS I A focused range of products, well placed in the Greek market, with growth potential locally & abroad Product packaging: In collaboration with our innovation & creative partners we can design multi-use & 100% recyclable packaging with endless branding capabilities for privat
Slide 14: Strategy
STRATEGY I PURSUING PROFITABLE GROWTH THROUGH INNOVATION AND SUSTAINABILITY
Slide 15: Strategy Overview
STRATEGY OVERVIEW Group strategy implementation progressing, focusing on increased profitability and business development Sustainable Profitable Growth Value Capture New Business ▪ Further reduce production cost ▪ New business opportunities within the existing sectors ▪ Improvement of Product Mix (s
Slide 16: CAPEX Progress
CAPEX PROGRESS I An extensive CAPEX plan of €237 mil. during the last 8 years, targeting in value adding products and profitability increase ▪ In the period 2015 – 2019, the Group entered into a new CAPEX plan for developing the Non-Wovens business, in parallel with capacity addition in Packaging BU
Slide 17: Strategy Overview
STRATEGY OVERVIEW I Strategy implementation continues in 2022, taking advantage of the robust financial performance of the Group STRATEGIC DEVELOPMENTS ▪ Ongoing investment plan focusing on improving profitability: ▪ New Fiber line used as the basic raw material for the production of non-woven Needl
Slide 18: Sustainable Development Approach
“Sustainable development is at the core SUSTAINABLE DEVELOPMENT APPROACH of our corporate strategy and culture.” GROWING WITH RESPEC T TO SOCIETY AND THE ENVIRONMENT K. Chalioris, Chairman of the Board 18
Slide 19: Sustainable Development
SUSTAINABLE DEVELOPMENT I We are implementing a robust sustainability plan according to UN goals on Sustainable Development OUR PRINCIPLES THE GROUP FOCUSES ON 11 SUSTAINABLE DEVELOPMENT GOALS These goals are key areas in which the Group contributes positively and monitors their ENVIRONMENT progress
Slide 20: Sustainable Development: Circular Economy
SUSTAINABLE DEVELOPMENT I Focus is placed on Circular Economy, being vital part of our business The Group continuously invests in innovation aiming to develop sustainable products with a positive environmental impact, fully in NON-HAZARDOUS WASTE MANAGEMENT line with the European strategy for plasti
Slide 21: Sustainable Development: Energy Efficiency
SUSTAINABLE DEVELOPMENT I Energy Efficiency is a never-ending effort which becomes even more significant due to recent global geopolitical developments ENERGY EFFICIENCY IMPROVEMENT Energy consumption Energy consumption from in 2021 renewable sources in 2021 For the calculation and the monitoring of
Slide 22: Sustainable Development: In-the-Loop Platform
SUSTAINABLE DEVELOPMENT I Strong progress in the expansion of “In-the-Loop”, a pioneer platform, aiming to link all stakeholders and upcycling the plastic waste The environmentally targeted platform networks companies, brands, public bodies and consumers with the aim of reducing the environmental fo
Slide 23: Sustainable Development: Society
SUSTAINABLE DEVELOPMENT I Creationtoand We contribute thesafeguarding of employment local societies, with a large number of initiatives TRAINING RESPECT OF HUMAN RIGHTS • The training of employees is conducted either internally or by • Committed to zero tolerance for acts of harassment in the extern
Slide 24: Sustainable Development: Corporate Governance
SUSTAINABLE DEVELOPMENT I Creation and Robust Corporate safeguarding Governance of employment framework, being part of who we are and how we operate BOARD OF DIRECTORS CURRENT DEVELOPMENTS • 11 Board Members: 2 executive members, 9 non • Readiness assessment with new corporate executive members (5 i
Slide 25: Financial Review 9M 2022
FINANCIAL REVIE Ww ~ 9M 2022
Slide 26: Financial Highlights
FINANCIAL HIGHLIGHTS I Strong 9months performance – Slowdown in demand in the last months of the year Industries Overview ▪ Stable demand for products related to construction industry, infrastructure and major projects ▪ Strong decline for COVID-19 related products ▪ Steady demand for products relat
Slide 27: Cost Base
COST BASE I Costs remain high, although drop in raw materials in the past months Raw & Secondary Materials ICIS Index ▪ From historical high prices of RM in May to significant drop until October and stable prices since then. ▪ Increased cost of packaging and other secondary materials remain – drop a
Slide 28: Financial Results Snapshot
FINANCIAL RESULTS SNAPSHOT I 9months 2022 demonstrated robust financial performance amid challenging environment 28
Slide 29: Financial Analysis
FINANCIAL ANALYSIS I Financial performance is relatively strong, albeit the low demand and very high costs, implying hidden potential 9m 2022 9m 2021 Δ% 9m 2019 Δ% Turnover 316,068 341,575 -7.5% 254,358 24.3% Gross Profit 70,235 122,072 -42.5% 50,404 39.3% Gross Profit Margin 22.2% 35.7% 19.8% ΕΒΙΤ
Slide 30: Segmental Performance
SEGMENTAL PERFORMANCE I Stable, sustainable and significantly higher profitability from the traditional product portfolio compared to the pre-pandemic levels 30
Slide 31: Financial Position
FINANCIAL POSITION I Strong Balance Sheet, with relatively low debt level, after historical high total debt of >€100 mil. in 2019 Balance Sheet 30-09-22 31-12-21 31-12-19 Key Ratios 30-09-22 31-12-21 31-12-19 Fixed Assets 178,007 167,551 149,645 Total Debt 62,101 53,978 105,579 Other NC Assets 23,21
Slide 32: Working Capital
WORKING CAPITAL I Normal WC pattern, despite the increased sales and RM prices ▪ DSO, DPO, DIO follow a normal pattern, excluding 2021, which is considered an outlier. ▪ Normally AR, INV outstanding balances and days in September are higher than year-end due to seasonality of operating segments. ▪ A
Slide 33: Cash Flow Overview
CASH FLOW OVERVIEW I Cashflows follow the normal pattern, impacted by seasonality (Working Capital), CAPEX and dividends paid 33
Slide 34: Net Debt
NET DEBT I After the historical high net debt of €84 mil. in 2019, following the 5yrs restructuring plan, Net Debt is settled at relatively low level, albeit the period 2020-2022 CAPEX of €102 mil. ▪ Net Debt amounted to €25.6 million ▪ There has not been any negative trend at the level of working c
Slide 35: FY2022 Outlook
FY2022 OUTLOOK I The annual profitability will remain at significantly higher levels and more than double than the pre- pandemic profitability Q4 2022 ▪ Τhe fourth quarter will be more profitable, compared to the pre-pandemic levels, i.e. the corresponding period of 2019. However, a relative slowdow
Slide 36: Thrace Group Stock Data
~~ ’ ie sional THRACE GROUP STOCK DATA r xs (a 16.23 ee, : 04] ; . ~ se MO Buy ee ee
Slide 37: Stock Performance
STOCK PERFORMANCE I Capitalization remains below the level of Equity value As of 5 December 2022: ▪ Stock price: € 3.95 ▪ Market cap: € 173 mil. 37
Slide 38: Shareholders Analysis
SHAREHOLDERS ANALYSIS I Sufficient free float and well diversified investors portfolio. In the last 2 years, a total dividend of €23.2 mil. was distributed Shareholders Breakdown 7.7% Major Shareholders 5.1% Greek Institutional Investors International Institutional Investors Free float: 34.2% 64.1%
Slide 39: Alternative Performance Measures Analysis
ALTERNATIVE PERFORMANCE MEASURES I Analysis Alternative Performance Measures (APM) During the description of the developments and the performance of the Group, ratios such as the EBIT and the EBITDA are utilized. • EBIT (The indicator of earnings before the financial and investment activities as wel
Slide 40: Corporate Presentation Disclaimer
CORPORATE PRESENTATION I DISCLAIMER This material (the “Presentation”) has been prepared, issued and presented by Thrace Plastics Co S.A. (the “Company”) on the terms set out below for the exclusive and confidential use of the persons to whom it is addressed (“Recipients”), solely for use by the Rec
Slide 41: Contacts
Contacts Investors Relations Elina Sideri ir@thraceplastics.gr +30 210 9875081 Connect with us: www.linkedin.com/company/thrace-group/ www.thracegroup.com
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