Slide 1: 2024 Business Results Presentation
2024 BUSINESS RESULTS PRESENTATION
Slide 2: Contents
CONTENTS 2024 - RESULTS 3 COMPANY PROFILE 14 REFERENCE MARKET 26 APPENDIX – FINANCIAL INSTRUMENTS 31 2
Slide 3: 2024 - KPIs
2024 - KPIS REVENUES EBITDA ADJUSTED(1) € mln € mln NFP ADJUSTED(1) EBITDA MARGIN ADJUSTED(1) € mln € mln, % Revenues Notes: (1) Adjustments mainly related to IFRS 16 effect with elimination of lease payments and a finance lease transaction, see p.15 for details. 3
Slide 4: Revenues Breakdown
REVENUES BREAKDOWN REVENUES BY PRODUCT REVENUES BY GEOGRAPHIC AREA € mln € mln 4
Slide 5: Breakdown of Sales by Product 2024
BREAKDOWN OF SALES BY PRODUCT 2024 € mln Tapes Body care Other PRINTED TAPE, THE HIGHEST-MARGIN PRODUCT, IS THE BEST-SELLING PRODUCT IN TERMS OF VALUE 5
Slide 6: Net Working Capital
NET WORKING CAPITAL NET WORKING CAPITAL € mln - The reduction in trade receivables shows an improvement in the collection of payments. - Inventories have improved as a consequence of strategic purchases of raw materials at year-end - The increase in trade payables is due to new purchase terms with o
Slide 7: NFP Evolution 2024
NFP EVOLUTION 2024 € mln NFP ADJ(1) BRIDGE 2024 € mln Notes: (1) Adjustments mainly related to IFRS 16 effect with elimination of lease payments and a finance lease transaction, see p.15 for details. 7 Source: Management
Slide 8: P&L 2024 - ITA GAAP
P&L 2024 - ITA GAAP PROFIT AND LOSS ACCOUNT 2023A 2024A Revenues from sales and services 78.890 79.745 Changes in inventories of work in progress, semi-finished and finished products (350) 3.104 Increases in fixed assets for internal work - 523 Other revenues and income 2.442 1.810 Value of producti
Slide 9: Balance Sheet 2024 - ITA GAAP
BALANCE SHEET 2024 - ITA GAAP Balance Sheet 2023A 2024A € '000 % NIC € '000 % NIC Intangible fixed assets 3.248 3.026 Tangible fixed assets 19.457 21.701 Finacial fixed assets 5 5 Total fixed assets 22.710 69% 24.732 76% Inventories 11.822 17.875 Trade receivables 14.837 12.677 Advance payments (147
Slide 10: Cash Flow 2024
CASH FLOW 2024 Cash flow 2023A 2024A EBIT 11.980 12.108 Current, deferred and prepaid income taxes for the year (2.771) (2.940) Ammortisation, depreciation and write downs 2.791 3.126 - ∆ NWC (996) 2.380 ∆ Funds 28 (142) Operating cash flow 11.032 14.532 - Capex (1.718) (5.148) Intangible Capex (17)
Slide 11: Adjustments Summary: IFRS 16
ADJUSTMENTS SUMMARY: IFRS 16 ADJUSTED EBITDA AJDUSTED NET FINANCIAL POSITION Adjustments EBITDA Adjustments NFP € '000 2023A 2024A € '000 2023A 2024A EBITDA Reported 15.001 15.234 Bank deposits (17.100) (15.059) Write downs (230) - Cash and cash equivalents (2) (1) IFRS 16 effect - exclusion of leas