Slide 1: Corporate Presentation
Corporate Presentation 31/12/2023
Slide 2: Who we are
Who we are Founded in 1979. Publicly Traded in Athens Stock Exchange since 1996. Leading European producer of flexible barrier films for the meat, cheese, seafood industries and non-barrier shrink films for the bottling industry. Production plants in Greece, Poland and Australia. Approximately 90% o
Slide 3: Product Portfolio
Product Portfolio o FlexoShrink Shrink Bags and Films o Flexion Skin Films o FlexoFresh Thermoforming Films o FlexoLid Lidding Films o Vacuum Pouches o FreshOnBoard / Cardboard-based trays o Customized film structures 3
Slide 4: Highlights
Highlights Thous. € 12M-2023 D Sales 153.090 1,4% EBITDA 25.773 -4,9% EBT 19.057 0,8% EAT 15.101 7,1% Shareholders Equity 121.386 14,0% Total Assets 197.933 12,4% 4
Slide 5: 2023 Overview
2023 Overview Important milestones of the year 2023: ➢ Around 90% of our business is outside of Greece ➢ Continuous product development ➢ Further expansion of sales team and distribution network ➢ Share capital increase of the subsidiary company “FLEXOPACK INTERNATIONAL LIMITED“ by a total amount of
Slide 6: Subsidiaries
FLEXOPIAGK Subsidiaries FLEXOPAC SUBSIDIARIES FLEXOPACK POLSKA FLEXOSYSTEMS LTD FLEXOPACK INTERNATIONAL LIMITED S$P.Z0.0. POLAND SERBIA cyprus (100%) (100%) (100%) FLEXOPACK FLEXOPACK USA. FLEXOPACK FLEXOPACK FLEXOPACK PTY FLEXOPACK FLEXOPACK IRELAND LTD INC FRANCE SARL PROPERTIES LTD uD TRADE AND D
Slide 7: Affiliates
Affiliates AFFILIATES Inova S.A. – (50%) Vlachos S.A. – (47,71%) Greece Greece Rigid Packaging – Bag-in-Box Rotogravure Printer 7
Slide 8: Consolidated Financials
FLEXGPAGK Consolidated Financials
Slide 9: Income Statement
FLEXGPAGK Income Statement GROUP COMPANY Thous. € 12M-2023 12M-2022 D 12M-2023 12M-2022 D Sales 153.090 151.012 1,4% 112.521 120.395 -6,5% Gross Profit 41.996 44.075 -4,7% 25.857 28.535 -9,4% Gross Profit Margin 27,4% 29,2% 23,0% 23,7% EBITDA 25.773 27.089 -4,9% 16.822 18.612 -9,6% EBITDA Margin 16,
Slide 10: Country Turnover Breakdown
Country Turnover Breakdown 1 0
Slide 11: Cash Flow
FLEXGPAGK Cash Flow Thous. € 12M-2023 12M-2022 Earnings before taxes Adjustements Gross Cash Flow ‘Change in Working Capital Income tax paid Operating Cash Flow Cash Flow from Investment Net Cash Flow Before Financing Activities Net Cash Flow from Financing ‘Change in Cash and Cash Equivalents Cash
Slide 12: Capital Management
FLEXGPAGK Capital Management GROUP COMPANY Thous. € 12M-2023 12M-2022 12M-2023 12M-2022 Long-term debt obligations 32.259 27.674 27.191 25.552 Short-term bebt obligations 6.878 5.400 4.861 3.861 Total bank debt 39.137 33.074 32.052 29.413 Liabilities for Leases 1.128 648 643 289 Total Debt 40.265 33
Slide 13: CAPEX
FLEXGPAGK CAPEX GROUP Thous. € 2019 2020 2021 2022 2023| TOTAL Sales 89.277 96.953 114.181 151.012 153.091) 604.514) CAPEX 5.651 6.578 3.187 13.490 15.923] 44.829 % On Sales 6,3% 6,8% 2,8% 8,9% 10,4% 7,4%
Slide 14: Statement of Financial Position
Statement of Financial Position 1 4
Slide 15: Disclaimer
Disclaimer This presentation contains public available information, serves only informative purposes and it does not form or can either be referred as a buy, sell or hold encouragement for shares. Investors must decide upon their investments based on their own investing preferences, financial status
Slide 16: Thank you
FLEXOPACK S.A. Ifestou 37, Thesi Tzima, Koropi, 19400 GREECE T +30 2106 680 000 | info@flexopack.com FLEXOPACK POLSKA SP. z.o.o. Tragamin 17, Malbork, 82-200, Polska T +48 (55)2720048, F +48 (55)2731806 Thank you FLEXOPACK PTY LTD www.flexopack.com 17 Dixon Street, Yatala, QLD, 4207 AUSTRALIA T +61