Avgol Industries 1953 Ltd · TASE:AVGL
Avgol Industries 1953 — Q4 2023 Earnings Presentation
18 slides from Avgol Industries 1953's earnings presentation, 2023
Slide 1: Financial Results Q4/2023
Financial Results Financial Results Q4/2023 Q1/2023 Sivan Yedidsion –CEO David Peretz –CFO Sivan Yedidsion – CFO
Slide 2: Disclaimer
Analyst Conference | Disclaimer המידע הכלול במצגת וכל מידע אחר שיימסר במהלך הצגת המצגת (להלן – "המידע") אינו מהווה.)" בע"מ (להלן – "החברה1953 מצגת זו הוכנה ע"י חברת אבגול תעשיות ▪ המידע ניתן לצורך הנוחות בהצגת הנתונים. וכן לא מהווה תחליף לשיקול דעת של משקיע פוטנציאלי, ואינו מהווה המלצה
Slide 3: Who We Are
Analyst Conference I Who We Are Our team ~880 employees in the Global commercial and technical AVGOL is a world leader in the development, manufacturing team and marketing of nonwoven fabrics for diapers, adult incontinence products, disposable feminine hygiene products, Global disposable medical pr
Slide 4: Technology & Markets
Analyst Conference | Technology & Markets RAW MATERIAL MARKETS Polypropylene (PP) Made from the TECHNOLOGY combination of propylene monomers Spunbond “SMS” Meltblown and used in a variety of One continuous process Fabrics comprised of High-velocity air blows applications, such as in which fibers are
Slide 5: We Are Committed to Sustainability
Analyst Conference | We Are Committed to Sustainability How we are planning to do things better Partner with others that share this same environmental obligation to achieve new, meaningful, and timely results Improved Technologies to increase product performance in lighter weights Being Proactive by
Slide 6: Q4'2023 Key highlight
Analyst Conference | Q4’2023 Key highlight Iron Swords war had very limited impact on our operations in Dimona Q4’23 Underlying EBITDA of USD 9.6M vs.USD 9.4M in Q4’22. Lag impact was negative at USD 1.3M Avgol revised its agreements with some of the suppliers and customers to reduce the lag exposur
Slide 7: Spunmelt Market Capacity & Demand
Analyst Conference | Spunmelt Market Capacity & Demand Top 10 Hygiene Spunmelt producers * Global Market Dynamics ❑ Spunmelt Nonwoven demand 400 growth in Hygiene end uses, expected at 4.2% CAGR by 2027. 350 ❑ Hygiene end uses represents 66% 300 of the total Spunmelt Nonwoven demand. Medical applica
Slide 8: Strong footprint to serve the global market
Analyst Conference | Strong footprint to serve the global market Uzlovaya, Russia 28K MT MV, USA 78K MT (+20K) Dimona, IL Jingmen, China 18K MT 39K MT Gujarat, IN 10K MT MP, IN 10K MT SERVING CUSTOMERS IN OVER 30 COUNTRIES WW 8
Slide 9: Raw Material | Polypropylene Indices Trend Per region
Raw Material | Polypropylene Indices Trend Per region In the course of 2023, PP prices were relatively stable, on the low level. During the fourth quarter, and until the publication date of this report, there is a moderate upward trend in raw materials prices. The Company expects this to have a mode
Slide 10: USA Expansion | Project Update
USA Expansion | Project Update In December 2022, the company’s Board of Directors decided to establish a new production line in our North Carolina, USA facility, as an alternative to the originally planned expansion in Russia. The addition of this new Reicofil 5 machine will expand the company’s exi
Slide 11: Lamination line | Nonwovens for Medical Applications
Lamination line | Nonwovens for Medical Applications The new lamination line was commissioned during Q4’ 2023, in our North Carolina, USA facility, with a total investment of about $9M The new equipment opens up opportunities to expand our product portfolio, with the production of High–End composite
Slide 12: Financial Results Q4-2023
VGOL Nonwovens dorama Ventures Company Financial Results Q4-2023
Slide 13: Quarterly Financial Highlights
Analyst Conference I Quarterly Financial Highlights USD Mn Q4’23 Q3’23 Q2’23 Q1’23 Q4’22 Revenues, net 79.4 80.3 78.3 80.0 102.5 9.1 13.6 10.9 11.9 19.1 Gross Profit 11.4% 16.9% 13.9% 14.8% 18.6% EBIT 1.2 7.0 3.4 4.0 9.7 1.5% 8.8% 4.4% 5.0% 9.5% (1.8) 3.5 1.5 0.8 4.7 Net Profit (2.3%) 4.3% 1.9% 1.0%
Slide 14: Financial Results: Gross Profit
Financial Results Results Q4’23 Key highlights • Decrease in polypropylene prices, to which our sales prices are linked. Revenues $79.5M vs $102.5M in Q4’2022 • A decrease of 6.4% in sales volumes . • The Gross Profit in Q4’23 includes a negative impact of about $1.3M in lag Gross Profit $9.1M vs $1
Slide 15: Financial Results: Underlying EBITDA
Financial Results Results Q4’23 Key highlights $8.3M vs $17.6M in Q4’2022 • EBITDA includes a negative impact of about $1.3M in lag, compared to a EBITDA positive impact of $8.2M in Q4’22. Underlying EBITDA $9.6M vs $9.4M in Q4’2022 • Mainly due to global decrease in logistics rates ; improved RM pu
Slide 16: Financial Results
Financial Results Results Q4’23 Key highlights • Mainly influenced by the decrease in the operating profit and Net Profit ($1.8M) vs $4.7M in Q4’2022 an increase in net financing expense , partially offset by lower income tax expenses. Operating • Mainly influenced by decrease in profits. Cash Flow
Slide 17: Balance Sheet
Analyst Conference I Balance Sheet As on Dec 31 As on Dec 31 As on Dec 31 As on Dec 31 2023 2022 2023 2022 K'USD K'USD K'USD K'USD CURRENT ASSETS CURRENT LIABILITIES Short-term credit and current maturities of 10,387 13,017 Cash and cash equivalents 49,804 61,511 long-term loans from banking corpora
Slide 18: SAY HELLO!
SAY HELLO! Avgol is proud to support our clients with outstanding technical service and support To find out more about how Avgol can support your baby care diaper range developments, please visit avgol.com or contact us at: avgolinfo@avgol.com We Aspire to Create Nonwoven Innovations to Enhance the
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