Slide 1: H1/2023 results
H1/2023 results Investors & analysts conference call July 26, 2023
Slide 2: TeraPlast Group activities
TeraPlast Group activities Installations Flexible Packaging PVC & Aluminum Compounds 555 Rigid PVC recycling windows & doors Systems for interior sewage 76 124 174 Systems for exterior sewage Systems for transport and distribution of water and natural gas Micronized recycled PVC Biodegradable and Ra
Slide 3: First half – external climate
First half – external climate ➢ The evolution of the engineering works of the constructions sector (+30,8% Jan-May 2023 vs Jan-May 2022 according to INS) is still mostly determined by road infrastructure works and less by the entry into execution phase of public works that accelerated based on seaso
Slide 4: First half – evolution in line with the budget
First half – evolution in line with the budget ➢ The budget was built on the premise of smaller quantities in the first semester, but for the Installations division a more visible revitalization is expected from the 3rd quarter, as progress will be made in the running of tenders from public funds, e
Slide 5: H1/23 results overview
H1/23 results overview • TeraPlast managed to return to a positive bottom line, which stood at RON 1,6 million for the second quarter and which partially compensates the negative results of the first quarter. For the whole semester, the negative result was reduced to below RON 1 mn (RON 998 th). -14
Slide 6: H1/23 segment results overview
H1/23 segment results overview INSTALLATIONS & MICRONIZED RECYCLED ➢72% contribution to the turnover of the Group ➢Turnover decreased by 7%, but increasing from Q1 results ➢The highest margin of the Group: 10.2% WINDOWS & DOORS ➢Turnover decreased by 12% due to the decrease in external demand ➢Signi
Slide 7: -14,2% decrease in turnover H1 2023 vs H1 2022
-14,2% decrease in turnover H1 2023 vs H1 2022 ➢ Decreases in volume due to the decrease in public works of water, amounts in mil RON sewerage and gas installation. Decreases recorded in recycled PVC, windows and doors. ➢ Price deflation in the first half of the year compared to the same period of t
Slide 8: Financial performance
FINANCIAL PERFORMANCE Turnover • Consolidated turnover in H1 decreased by 14%. • Quarter-on-quarter improvement of 18% in Q2/2023. • The decline was accentuated by a price deflation in the first part of the year. EBITDA • The Group recorded an EBITDA decrease of 35%, but with an improvement in the s
Slide 9: Financial performance
FINANCIAL PERFORMANCE The first half of 2023 was a transition period in view of a A positive effect as a result Intense competition Negative impact of the Segment performance new growth cycle. of the implementation of from extra-EU imports decline in external improved compared the PNRR projects and
Slide 10: Financial performance: balance-sheet summary
FINANCIAL PERFORMANCE H1 2023| Balance-sheet summary Key aspects ➢ TeraPlast Group plans to invest 120 million lei this year. The stretch film plant is under construction and production tests will start in the 4th quarter of this year. The total investment amounts to 84 million lei. ➢ In H1 2023 we
Slide 11: Financial performance: cash flow summary
FINANCIAL PERFORMANCE H1 2023| Cash Flow summary Bridge 30 June 2023 ➢ The improvement in operating cash in H1 2023 vs H1 2022 is due to better performance in working capital management. ➢ The main outflows were for the financing of ongoing investments (stretch film project).
Slide 12: Conclusion
Conclusion ➢ EBITDA growth of 58% in Q2 compared to the previous quarter, compared to an increase of only 29% in Q2 2022 compared to Q1 2022, indicates a diluting base effect as well as an acceleration of activity, in line with this year's estimates. ➢ We implemented a sustained operational efficien
Slide 13: Q&A
Q&A WN TeraPlast www.teraplast.ro
Slide 14: Disclaimer
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