Slide 1: Corporate Presentation
Corporate Presentation 31/12/2024 www.flexopack.com
Slide 2: Company Information
Company Information 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. Approximat
Slide 3: Product Portfolio
Product Portfolio ✓ Shrink films for bottling industries ✓ Lamination films ✓ Thermoforming films ✓ Vacuum Pouches and Tubing ✓ Shrink Bags ✓ Vacuum Skin Packaging films ✓ Barrier and high barrier FFS films ✓ Barrier and high barrier films for Liners ✓ Customized film structures 3
Slide 4: Highlights
_ FLEX? Highlights INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS Thous. € 12M-2024 D Sales 156,593 2.3% EBITDA 20,658 -19.8% EBT 14,063 -26.2% EAT 10,675 -29.3% Shareholders Equity 131,154 8.0% Total Assets 223,535 12.9%
Slide 5: 2024 Overview
2024 Overview Important milestones of the year 2024: ❑ Around 90% of our business is outside of Greece ❑ Continuous product development ❑ Further expansion of sales team and distribution network ❑ Investments in fixed assets of EUR 22 Mil. for the Group ❑ Issuance of two Common Bond Loans of EUR 28
Slide 6: Subsidiaries
_ FLEXG? Subsidiaries INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS FLEXGP NG SUBSIDIARIES FLEEXOPACK POLSKA FLEXOPACK TRADE AND FLEXOPACK SERVICES DOO INTERNATIONAL BEOGRAD UMITED Serbia Cyprus (100%) (100%) FLEXOPACK IRELAND FLEXOPACK USA INC. FLEXOPACK FRANCE FLEXOPACK FLEXOPACK PTY LTD FLEXOP
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
TURERS = PACKAGING SOLUTIONS hay CONSOLIDATED FINANCIALS XND92
Slide 9: Income Statement
B FLEXG? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS GROUP COMPANY Thous. € 12M-2024 12M-2023 D 12M-2024 12M-2023 D Sales 156,593 153,090 = 2.3% 119,085 112,521 5.8% Gross Profit 39,338 41,996 -6.3% 27,775 25,857 = 7.4% Gross Profit Margin 25.1% 27.4% 23.3% 23.0% EBITDA 20,658 25,773 -19.8% 17,
Slide 10: Country Turnover Breakdown
Country Turnover Breakdown 10
Slide 11: Cash Flow
BLE? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS Thous. € 12M-2024 12M-2023 Earnings before taxes 14,063 19,057 Adjustements 7,134 6,937 Gross Cash Flow 21,197 25,994 Change in Working Capital (7,317) 7,780 Income tax paid (3,204) (5,695) Operating Cash Flow 10,676 28,080 Cash Flow from Investm
Slide 12: Capital Management
B FLEX INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS GROUP COMPANY Thous. € 12M-2024 12M-2023 12M-2024 12M-2023 Long-term debt obligations 43,055 32,259 38,829 27,191 Short-term bebt obligations 8,110 6,878 6,148 4,861 Total bank debt 51,165 39,137 44,977 32,052 Liabilities for Leases 1,169 1,128
Slide 13: CAPEX
B FLEXG? INNOVATORS = MANUFACTURERS = PACKAGING SOLUTIONS GROUP Thous. € 2020 +2021 2022 2023 2024] TOTAL Sales 96,953 114,181 151,012 153,091 156,593] 671,830 CAPEX 6,578 3,187 13,490 15,923 22,054] 61,232 % On Sales 6.8% 2.8% 8.9% 10.4% 14.1%| 9.1% : ay.
Slide 14: Statement of Financial Position
Statement of Financial Position
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: www.flexopack.com
FLEXOPACK S.A. Ifestou 36, Thesi Tzima, Koropi, 19400 GREECE T +30 21 0668 0000, F +30 21 0662 6583 info@flexopack.com FLEXOPACK POLSKA SP. z.o.o. Tragamin 17, Malbork, 82-200, Polska T +48 (55)2720048, F +48 (55)2731806 FLEXOPACK PTY LTD 17 Dixon Street, Yatala, QLD, 4207 AUSTRALIA T +61 73386 2999