Slide 1: FY 2023 Results Presentation
• FY 2023 RESULTS PRESENTATION • March 26th, 2024
Slide 2: Executive Summary
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Executive Summary FY 2023 key trends and figures FY 2023 Sales +9.6% YoY to €424.7m, driven by Healthcare and Safety divisions FY 2023 Adjusted EBITDA at €95.1m
Slide 3: GVS – FY 2023 Results At-a-Glance
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx GVS – FY 2023 Results At-a-Glance Continuous sales growth, profitability recovery and NFP reduction SALES Adjusted EBITDA and % Adjusted NFP and Leverage €m €m
Slide 4: Focus on Sales – FY 2023 Performance by Division
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Focus on Sales – FY 2023 Performance by Division Healthcare and Safety leading organic growth, despite de-stocking Healthcare & Life Sciences Health & Safety En
Slide 5: Focus on Profitability – EBITDA evolution by quarter
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Focus on Profitability – EBITDA evolution by quarter Q-on-Q profitability recovery continues ADJ. EBITDA – Q3 2022 – Q4 2023 QUARTERLY EVOLUTION €m 26.0 24.5 22
Slide 6: Focus on Profitability – EBITDA FY 2023 vs. FY 2022
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Focus on Profitability – EBITDA FY 2023 vs. FY 2022 +10.2% like-for-like growth driven by pricing ADJ. EBITDA – FY 2022 TO FY 2023 BRIDGE €m 20.4% ADJUSTED EBIT
Slide 7: Focus on Debt – NFP Adjusted FY 2023 vs. FY 2022
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Focus on Debt – NFP Adjusted FY 2023 vs. FY 2022 Deleverage driven by operating cash generation NET FINANCIAL POSITION ADJUSTED – FY 2022 TO FY 2023 BRIDGE €m 3
Slide 8: 2024 Outlook and Guidance
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx 2024 Outlook and Guidance De-stocking still impacting 1H 2024 sales, profitability recovery on track Stable revenues expected in Q1 2024 vs. Q1 2023, due to a r
Slide 9: Appendix – Support Material
Appendix – Support Material
Slide 10: FY 2023 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx FY 2023 Results – Financial Statements FY 2022 and FY 2023 P&L – Statutory Adjusted View of which FY 2022 of which FY 2023 €m FY 2022 % FY 2023 % non-recurring
Slide 11: FY 2023 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx FY 2023 Results – Financial Statements Reclassified Balance Sheet - FY 2022 – FY 2023 FY 2022 FY 2023 €m Net intangible fixed assets 494.8 471.7 Net usage right
Slide 12: FY 2023 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx FY 2023 Results – Financial Statements Cash Flow Statement – FY 2022 – FY 2023 €m FY 2022 FY 2023 Profit before income tax 34.6 18.3 Depreciation and amortizati
Slide 13: Disclaimer
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Disclaimer Pursuant to art. 154-bis, paragraph 2, of the Italian Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate