Cph Group Ag Class A · SIX:CPHN
Cph Group Ag Class A — FY2024 Earnings Presentation
33 slides from Cph Group Ag Class A's earnings presentation, Feb 25, 2025
Slide 1: Media and Investors' Conference
Media and Investors’ Conference 25 February 2025 CPH Group AG Media and Investors’ Conference of 25 February 2025
Slide 2: Disclaimer
Disclaimer Investing in the shares of CPH Group AG involves risks. Prospective investors are urged to consult their investment advisors and tax advisors prior to investing in CPH Group AG shares. This document contains forward-looking statements which involve risks and uncertainties. These statement
Slide 3: Agenda
Agenda 1. Introduction Peter Schaub 2. Business development Peter Schildknecht 3. Financial results Gerold Brütsch 4. Sustainability Gerold Brütsch 5. Outlook Peter Schildknecht CPH Group AG Media and Investors’ Conference of 25 February 2025 3
Slide 4: 2024 in brief
2024 in brief ▪ CPH Group AG regrouped with remaining Chemistry and Packaging Divisions following spin-off of the Paper Division and real-estate assets in Perlen into the newly founded Perlen Industrieholding AG ▪ Net sales decline owing to lower raw materials costs ▪ Zeochem posts new record EBITDA
Slide 5: Agenda
Agenda 1. Introduction Peter Schaub 2. Business development Peter Schildknecht 3. Financial results Gerold Brütsch 4. Sustainability Gerold Brütsch 5. Outlook Peter Schildknecht CPH Group AG Media and Investors’ Conference of 25 February 2025 5
Slide 6: 2024 at a glance
2024 at a glance 323 16.6 54 Net sales1 EBITDA margin1 EBITDA1 in CHF millions in % in CHF millions 34 959 63.0 Net result1 Headcount1 Equity ratio1 in CHF millions in full-time equivalents in % 1 for the remaining divisions, excluding the spun-off Paper Division CPH Group AG is a Swiss-based indust
Slide 7: After spin-off of the Paper Division: focus on growth-oriented and high-margin activities
After spin-off of the Paper Division: focus on growth-oriented and high-margin activities Shareholders Distribution in the form of a dividend-in-kind: CPH Group AG (formerly CPH Chemie + Papier CPH shareholders Perlen Industrieholding AG Holding AG) received one share in Perlen Industrieholding AG f
Slide 8: Key figures
Key figures In CHF millions 2024 2023 ± ±% Net sales1 400 Net sales1 323 362 -39 -10.6% 300 EBITDA1 54 65 -11 -17.2% EBITDA margin 16.6% 18.0% 200 EBIT1 39 52 -13 -24.5% EBIT margin 12.1% 14.4% 100 Net result for the year1 34 45 -11 -23.7% 0 2020 2021 2022 2023 2024 Net result from spun-off in CHF m
Slide 9: The business divisions
The business divisions Chemistry Packaging Key figures for 2024 117 23 206 33 in CHF Net sales EBITDA Net sales EBITDA millions Strategy Differentiation through high Differentiation through high customer benefit customer benefit 3 3 Market position Number 3 worldwide in Number 3 worldwide for coated
Slide 10: Income statement
Income statement CPH Group AG Spun-off divisions Chemistry Packaging (remaining divisions) (Paper)2 In CHF millions 2024 2023 ± 2024 2023 ± 2024 2023 ± 2024 2023 ± Net sales1 117 124 -7 206 237 -31 323 362 -39 125 262 n/a EBITDA1 23 22 +1 33 43 -10 54 65 -11 -28 37 n/a EBITDA margin 19.5% 17.8% 16.1
Slide 11: Business development 2015-2024
Business development 2015-2024 CPH Group AG Chemistry Packaging 450 150 250 Net sales 120 200 in CHF millions 300 90 150 60 100 150 30 50 0 0 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 80 25%
Slide 12: Common value drivers and success factors
Common value drivers and success factors Growth driver / Megatrends • Demography • Health • Energy • Mobility Strategic roadmap Leading market positions • Innovation and product • Top 3 positions in attractive development niche markets • Organic growth • Global presence • Potential for non-organic •
Slide 13: Locations worldwide
Locations worldwide Müllheim Tököl Zvornik Perlen Rüti Donghai Ashdot Whippany Ya’akov Suzhou Shanghai Louisville Ihud Vadodara Singapore Anápolis CPH Group AG Media and Investors’ Conference of 25 February 2025 13
Slide 14: The Chemistry Division / Zeochem
The Chemistry Division / Zeochem CPH Group AG Media and Investors’ Conference of 25 February 2025 14
Slide 15: Zeochem: Indian market entered
Zeochem Indian market entered ▪ CPH Group AG enters the Indian market ▪ Acquisition of Sorbchem India, retailer and distributor of molecular sieves and packaging materials and manufacturer of chromatography gels Zvornik ▪ Complements the existing Zeochem product Donghai range and offers synergies th
Slide 16: Chemistry: Business development
Chemistry Business development Net sales Market environment 140 ◼ Robust demand for molecular sieves from the 120 natural gas and ethanol industries 100 ◼ Deuterated compounds still in demand for 80 laboratory analyses and use in OLED displays 60 ◼ Customers’ inclinations to order and invest 40 damp
Slide 17: The Packaging Division / Perlen Packaging
The Packaging Division / Perlen Packaging CPH Group AG Media and Investors’ Conference of 25 February 2025 17
Slide 18: Perlen Packaging: Acquisition of LOG Pharma in Israel and Hungary
Perlen Packaging Acquisition of LOG Pharma in Israel and Hungary ▪ Global position in the pharmaceutical packaging market further expanded in growth regions ▪ Acquisition of LOG Pharma, a manufacturer of packaging solutions for the pharmaceutical and the medical sectors with production sites in Isra
Slide 19: Perlen Packaging: Business development
Perlen Packaging Business development Net sales Market environment 250 ◼ Procurement prices normalized in the course of the year 200 ◼ Raw materials such as PVC available worldwide 150 ◼ Customers further reduced their sizeable safety stocks ◼ Decline in demand for pharmaceutical packagings owing to
Slide 20: Agenda
Agenda 1. Introduction Peter Schaub 2. Business development Peter Schildknecht 3. Financial results Gerold Brütsch 4. Sustainability Gerold Brütsch 5. Outlook Peter Schildknecht CPH Group AG Media and Investors’ Conference of 25 February 2025 20
Slide 21: 2024 Financial Year Consolidated Income Statement I
2024 Financial Year Consolidated Income Statement I Remaining divisions, i.e. excluding the spun-off Paper Division (unaudited) in CHF millions 2024 % 2023 % ± ±% Net sales 323.3 100.0 361.5 100.0 -38.2 -10.6% Other operating income 3.8 1.2 2.3 0.6 Change in inventories 0.5 0.2 -4.6 -1.3 Cost of mat
Slide 22: 2024 Financial Year Consolidated Income Statement II
2024 Financial Year Consolidated Income Statement II Remaining divisions, i.e. excluding the spun-off Paper Division (unaudited) in CHF millions 2024 % 2023 % ± ±% EBITDA 53.8 16.6 65.0 18.0 -11 -17.2% Depreciation expense -14.6 -4.5 -13.1 -3.6 Operating result EBIT 39.2 12.1 51.9 14.4 -12.7 -24.5%
Slide 23: 2024 Financial Year Consolidated Balance Sheet
2024 Financial Year Consolidated Balance Sheet Remaining divisions, i.e. excluding the spun-off Paper Division (unaudited) in CHF millions 31.12.2024 % 31.12.2023 % ± ±% Cash and cash equivalents 31.6 9.5 35.4 10.8 Trade receivables 48.3 14.5 51.1 15.6 Inventories 74.8 22.5 72.5 22.1 Other current a
Slide 24: 2024 Financial Year Consolidated Cash Flow Statement
2024 Financial Year Consolidated Cash Flow Statement Remaining divisions, i.e. excluding the spun-off Paper Division (unaudited) in CHF millions 2024 % 2023 % ± ±% Net result 34.4 10.7 45.1 12.5 -10.7 -23.7% Non-cash items 8.5 2.6 9.3 2.5 Cash flow 42.9 13.3 54.4 15.0 -11.5 -21.2% Change in net work
Slide 25: Information for shareholders
Information for shareholders Market capitalisation as of 31.12.2024 Share price development 2020-2024 in CHF millions 80 60 440 40 20 6,000,000 registered shares of CHF 0.15 nominal value 2020 2021 2022 2023 2024 in CHF CPHN1 SPIX adjusted 1 adjusted for the indicative share of around 28% of spun-of
Slide 26: CPH Group AG: A sound proposition with growth potential
CPH Group AG A sound proposition with growth potential Net sales for CPH Group AG 8.5% down on prior year at constant currency owing to lower materials costs EBITDA for CPH Group AG of CHF 54 million depressed by a one-off CHF 3.7 million expense incurred in preparing and conducting the spin-off of
Slide 27: Agenda
Agenda 1. Introduction Peter Schaub 2. Business development Peter Schildknecht 3. Financial results Gerold Brütsch 4. Sustainability Gerold Brütsch 5. Outlook Peter Schildknecht CPH Group AG Media and Investors’ Conference of 25 February 2025 27
Slide 28: Sustainability: Attitude and goals
Sustainability: Attitude and goals • Long-term and sustainable value creation anchored in the articles of association at AGM 2023 as a corporate purpose • Striving for to achieve net zero, developing an appropriate stage plan, while maintaining competitiveness • Examination and exploitation of ESG-d
Slide 29: Implementation of sustainability strategy
Implementation of sustainability strategy Environmental Social Governance • 92% of greenhouse gas emissions • High Engagement Index of 76% • Business ethics a top priority: generated in upstream and • Large numbers of long-serving zero tolerance of human rights downstream value chain (Scope 3) emplo
Slide 30: Agenda
Agenda 1. Introduction Peter Schaub 2. Business development Peter Schildknecht 3. Financial results Gerold Brütsch 4. Sustainability Gerold Brütsch 5. Outlook Peter Schildknecht CPH Group AG Media and Investors’ Conference of 25 February 2025 30
Slide 31: Outlook for 2025
Outlook for 2025 CPH Group AG • Geopolitical instabilities and uncertain economic prospects only adding to the general caution in the current economic environment • Demand for the products of Zeochem and Perlen Packaging likely to be at least at prior-year levels • Slight increase in net sales expec
Slide 32: Q&A
Q&A CPH Group CPH Group AG Media and Investors’ Conference of 25 February 2025 32
Slide 33: Calendar and contacts
Calendar and contacts Calendar 18.03.2025 CPH Group AG Annual General Meeting in Lucerne 18.07.2025 Publication of 2025 Half-Year Report (to 30 June 2025) 16.09.2025 CPH Group AG Investors’ Day in Perlen 18.02.2026 Media and Investors’ Conference; publication of 2025 Annual Report Contacts CPH Group