Slide 1: KAP AG - 2024 Full Year Figures
KAP AG We build market leaders! 2024 Full Year Figures
Slide 2: Disclaimer
Disclaimer This presentation was prepared by KAP AG exclusively for the benefit and internal use of the recipient and solely as a basis for discussion of certain issues described herein. This presentation is strictly confidential and may not be reproduced, summarized or disclosed, in whole or in par
Slide 3: Table of contents
Table of contents 1 Company overview and business model 2 Financials 2024 3 Outlook Marten Julius, CEO Responsibilities (i.a.): Strategy, M&A, Finance, Human Resources, Legal, Investor Relations, Sustainability, Internal Audit Overall, >25 years relevant experience in Management, M&A, Finance &
Slide 4: Company overview & business model
Company overview & business model
Slide 5: Focus on attractive niche markets in selected industrial sectors
Focus on attractive niche markets in selected industrial sectors KAP at a glance Industrial holding focused on midsize niche markets Revenue 2024 EBITDA 2024 (normalized) € 252.5m € 21.9m Long-term segment strategy for developing market leaders with sustainable growth potential (-4.8%)(1) (+72.4%)
Slide 6: KAP Group – Segment overview
We develop industrial products and technological solutions for international clients KAP Group – Segment overview flexible films engineered products surface technologies One of the leading specialists of PVC Leading manufacturer of technical textiles with Leading market position in surface technolog
Slide 7: Segment attractiveness
Segment attractiveness… ….underpinned by mega trends, defensible barriers to entry, and strong customer base flexible films engineered products surface technologies Mega trends such as global warming Mega trends support significant growth in Light-weight trend and electrification in and demogr
Slide 8: Longer term market outlook for KAP underpinned by structural mega trends
Longer term market outlook for KAP underpinned by structural mega trends Mega trends engineered flexible surface KAP products films technologies Group Mega trends KAP‘s future Mobility The future of passengers and growth path is goods transport supported by s Sustainability Consideration of environm
Slide 9: Synergistic buy-and-build platform with active portfolio management and value creation
Synergistic buy-and-build platform with active portfolio management and value creation Business model KAP operates a professional holding structure that enables its portfolio companies to seize attractive market opportunities Buy-and-build platform: Acquisition of medium-sized family businesses that
Slide 10: Financials 2024
kap.. EXCELLENCE
Slide 11: Improved profitability despite persistent market headwinds
Improved profitability despite persistent market headwinds KAP Group – Highlights 2024 Revenue down 4.8% to € 252.5m on a comparable basis, mainly due to soft automotive demand Normalized EBITDA up 72.4% to € 21.9m on comparable basis, margin at 8.7% (+3.9pp) Capacity adjustments and efficienc
Slide 12: Structural progress evident, but potential for earnings growth remains
Structural progress evident, but potential for earnings growth remains FY 2024 – KAP Group Revenue Normalized EBITDA Revenue declined by 4.8% on a comparable (in €m) (in €m / margin in %) basis to € 252.5m -4.8% +72.4% Normalized EBITDA increased by 72.4% to € 21.9m on a comparable basis 265.3(1
Slide 13: Restructuring delivers – normalized EBITDA improved
Restructuring delivers – normalized EBITDA improved FY 2024 – engineered products Revenue Normalized EBITDA Revenue down 5.3% to € 110.5m, impacted (in €m) (in €m / margin in %) by weak demand in the automotive sector -5.3% >100.0% and optimization of the product portfolio Normalized EBITDA up t
Slide 14: Strong product mix and synergies drive profitability
Strong product mix and synergies drive profitability FY 2024 – flexible films Revenue Normalized EBITDA Revenues up 4.5% to € 81.5m on a (in €m) (in €m / margin in %) comparable basis +4.5% +43.2% Normalized EBITDA rose significantly by 43.2% to €11.6 on a comparable basis 81.5 EBITDA margin u
Slide 15: Challenging environment – Profitability strengthened through pricing measures
Challenging environment – Profitability strengthened through pricing measures FY 2024 – surface technologies Revenue Normalized EBITDA Revenue declined by 12.7% to € 59.9m (in €m) (in €m / margin in %) -12.7% Normalized EBITDA increased by 24.6% to +24.6% € 7.6m, margin at 12.7% 68.6 Weak cust
Slide 16: Outlook
Outlook
Slide 17: Progress achieved is at least partially offset by weak overall economic environment
Progress achieved is at least partially offset by weak overall economic environment Outlook Results FY 24 Guidance 2025 KPIs Revenues: € 252.5m Revenues: € 245.0m – € 265.0m Normalized EBITDA: € 21.9m Normalized EBITDA: € 19.0m – € 23.0m The ongoing volatile overall economic situation, combi
Slide 18: IR contact
IR contact KAP AG Kai Knitter Head of Investor Relations & Corporate Communications Edelzeller Str. 44 36043 Fulda P +49 661 103 327 E investorrelations@kap.de Please feel free to visit our Investor Relations website: www.kap.de/investor-relations