Gr. Sarantis S.a. · ATHEX:SAR
Gr. Sarantis — Sarantis Group — H1 2024 Earnings Presentation
21 slides from Gr. Sarantis's earnings presentation, Sep 3, 2024
Slide 1: Sarantis Group Half Year 2024 Financial Results
Sarantis Group Half Year 2024 Financial Results 3 September 2024
Slide 2: Forward-looking statement
Forward-looking statement This document contains certain “forward-looking” statements. These statements are based on management’s current expectations and are naturally subject to uncertainty and changes in circumstances, which could affect materially the expected results, because current expectatio
Slide 3: With you today
With you today Giannis Bouras Christos Varsos Group Chief Executive Officer Group Chief Financial Officer 3 Sarantis Group Half Year 2024 Financial Results
Slide 4: Half-Year 2024 Highlights
Half-Year 2024 Highlights Reinforcing our confidence in our growth ambitions Giannis Bouras, Group CEO
Slide 5: We care for the future the same way we care about the present
We care for the future the same way we care about the present OUR COMPETITIVE ADVANTAGE OUR SCOPE ▪ We design for the CEE region with deep local consumer understanding ▪ CEE and selected international markets on beauty ▪ We are the revitalisers of local “jewel” brands ▪ Home Care solutions ▪ We inve
Slide 6: Consistent organic growth with acquisitions coming on top
Consistent organic growth with acquisitions coming on top Sarantis Group Growth Drivers Beauty & Skin Personal Home Care Strategic Care Care Solutions Partnerships Disproportionate Core Profit Significant growth driver Market leverage growth Generator Complementary acquisitions on top in key priorit
Slide 7: Consistent organic growth driven by our strategic priorities
Consistent organic growth driven by our strategic priorities H1 24 Reported Net Sales H1 24 Comparable Net Sales (including Stella Pack) (excluding Stella Pack) € 302.6m € 263.4m + 30.2% + 13.4% Healthy Balance Sheet Reported EBITDA Comparable EBITDA Net Debt €43.9m € 41.7m € 36.2m Working Capital +
Slide 8: Strong growth across our categories
Strong growth across our categories CONTRIBUTION VOLUME (units) NET SALES TO TOTAL SALES Beauty, Skin € 44.3m & Sun Care + 7.4% + 36.9% 14.6% Personal € 52.5m Care + 16.4% + 20.9% 17.3% Home Care € 104.2m Solutions + 28.0% + 33.0% 34.4% € 30.7m Private Label + 78.8% + 92.9% 10.2% Strategic € 69.7m P
Slide 9: Establishing our position across our geographies
Establishing our position across our geographies CONTRIBUTION NET SALES TO TOTAL SALES € 88.9m Greece + 18.5% 29.4% € 94.3m Poland 31.1% + 69.8% € 48.5m Romania + 30.3% 16.0% Czech & € 22.6m Slovakia + 15.7% 7.5% € 19.6m West Balkans + 11.2% 6.5% € 12.0m Ukraine 0.0% 4.0% € 10.6m Bulgaria 3.5% + 16.
Slide 10: Building further on our home care strength
Building further on our home care strength Acquisition completed in January 2024 Integration on track Focus on supply chain unification Further investments in regranulation to support the full portfolio Stella Pack’s contribution (H1 2024)* Net Sales €39.2m EBIT €3.6m 10 Sarantis 14 SarantisGroup Gr
Slide 11: Simplification and efficiency – progress
Simplification and efficiency – progress Main projects on track ▪ New SAP implementation – Accelerating Design phase completed ▪ On track for Go-live digital ▪ Integrated Business Planning transformation Process – On track for Go-live Steadily focused on ▪ Portfolio Optimisation - including Stella P
Slide 12: We continue investing in the enhancement of our footprint
We continue investing in the enhancement of our footprint Investments Sustainable development Investment in Installation of a new Doypack regranulation production unit in Oinofyta (Greece) processes in Polipak’s production plant and launch of the plant new Noxzema Shower Gel and Liquid Cream Soaps D
Slide 13: Raising Corporate Governance Standards
Raising Corporate Governance Standards New Board of Directors * Executive Directors ✓ 4 Executive Directors * Kyriakos Sarantis, Chairman of the Board ✓ 6 Non-Executive Directors Giannis Bouras, CEO ✓ 30% of the members are women Christos Varsos, Group CFO ✓ 4 Independent Non-Executive Directors Eva
Slide 14: Financial Performance
Financial Performance Delivering strong performance Christos Varsos, Group Chief Financial Officer
Slide 15: Focused execution drives strong performance reaffirming the robust organic growth mechanism
Focused execution drives strong performance reaffirming the robust organic growth mechanism Consolidated Statement of Comprehensive income Reported Figures (including Stella Pack) Comparable Figures (excluding Stella Pack*) Amounts In €m H1 2024 H1 2023 Δ H1 2024 H1 2023 Δ% (unless otherwise stated)
Slide 16: Stella Pack acquisition – integration on track, first synergies within H1 2024
Stella Pack acquisition – integration on track, first synergies within H1 2024 H1 2024 (€m) Net Sales 39.2 Gross Profit 11.0 Gross Profit margin 27.9% EBIT 3.6 EBIT margin 9.2% Depreciation 2.0 EBITDA 5.6 EBITDA margin Investor Day 14.2% March 2024 16 Sarantis Group Half Year 2024 Financial Results
Slide 17: Winning across our product categories
Winning across our product categories Reported H1 2024 figures (including Stella Pack) Comparable H1 2024 figures (excluding Stella Pack)* NET SALES EBIT EBIT % NET SALES EBIT EBIT % y-o-y y-o-y y-o-y y-o-y y-o-y y-o-y Beauty, Skin € 44.3m € 9.4m 21.1% € 44.3m € 9.4m 21.1% & Sun Care + 36.9% + 130.3
Slide 18: Balanced performance across our geographies
Balanced performance across our geographies Reported H1 2024 figures (including Stella Pack) Comparable H1 2024 figures (excluding Stella Pack)* NET SALES EBIT EBIT% NET SALES EBIT EBIT% y-o-y y-o-y y-o-y y-o-y y-o-y y-o-y € 88.9m € 12.4m 13.9% € 88.9m € 12.4m 13.9% Greece + 454bps + 18.5% + 75.8% +
Slide 19: Strong balance sheet
Strong balance sheet ▪ Balance sheet provides firepower & flexibility to ▪ invest organically ▪ Stella Pack’s acquisition funded by ▪ support the transformation of the existing cash Group ▪ fuel M&A activity ▪ Secured facilities of c. €54m committed as a war-chest for further acquisitions ▪ Stable f
Slide 20: Enhancing shareholders value
Enhancing shareholders value EPS €0.3745 Dividend of €15.0m (+50% to PY) paid in per share May 2024 (+ 30.7%) €0.224381 per share Share buy-back program Dividend payout in place (€8.5m outflow for ratio 38.2% treasury shares (vs 38.0% in the PY) during H1 2024) 20 Sarantis Group Half Year 2024 Finan
Slide 21: Q&A
Q&A For further information on Sarantis Group please visit our website at https://sarantisgroup.com/ or contact our Investor Relations team: Eleni Moustakidou Investor Relations Manager emoustakidou@sarantisgroup.com +30 210 6173065