Albaad Massuot Yitzhak Ltd. · TASE:ALBA
Albaad Massuot Yitzhak — Q2 2024 Earnings Presentation
16 slides from Albaad Massuot Yitzhak's earnings presentation, August 2024
Slide 1: Financial Results Overview Q2.2024
August 2024 FINANCIAL RESULTS OVERVIEW Q2.2024 1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT Legal disclaimer Important notice This presentation (the “Presentation”) is for informational purposes only and does not constitute or form any part of any offer for sale or subscription of, or solicitation of, any offer to buy or subscribe for any shares of Albaad Massuot
Slide 3: Q2.2024 Company Main Highlights
Q2.2024 COMPANY MAIN HIGHLIGHTS ▪ SALES 440M NIS -1.6% vs. LY ▪ GROSS PROFIT MARGIN 21.1% +1.6% vs. LY (1) ▪ EBIT 34M NIS +43.3% vs. LY (2) ▪ EBITDA 58M NIS +26.5% vs. LY (2) ▪ NET PROFIT 15M NIS +49.1% vs. LY ▪ OPERATING CF 52.1M NIS, Free Cash Flow 46.9M NIS (3) ▪ NET DEBT DECREASE TO 493M NIS (1)
Slide 4: Sales & EBITDA Trends 2022-2024
* SALES & EBITDA TRENDS 2022-2024 QUARTERLY BASIS (K NIS) 447,368 430,909 440,017 413,293 418,909 416,222 377,573 356,880 364,716 57,791 50,054 48,370 48,278 45,689 38,348 29,670 18,401 13,108 7.9% 5.2% 3.6% 9.3% 10.2% 11.6% 11.5% 11.6% 13.1% Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q
Slide 5: Net Debt to EBITDA Trends 2022-2024
* NET DEBT TO EBITDA TRENDS 2022-2024 QUARTERLY BASIS (K NIS) 627 602 572 585 583 560 537 526 493 192 204 182 139 147 116 116 97 100 4.50 4.94 6.01 5.86 5.21 3.80 2.94 2.74 2.41 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Net Debt EBITDA (LTM) Net Debt / EBITDA * EBITDA L
Slide 6: Highlights Q2.2024 Results vs. Last Year
HIGHLIGHTS Q2.2024 Results VS. Last year (K NIS) -1.6% Sales Sales in original currency -3.3% Q2 2024 Q2 2023 Var Var % Sales 440,017 447,368 -7,351 -1.6% +43% Operating Profit +46% including others EBIT EBIT (Before Others) 34,396 33,790 23,583 23,583 10,813 10,207 45.9% 43.3% EBITDA EBITDA (Contin
Slide 7: Sales & EBIT by Division Q2.2024
* SALES & EBIT BY DIVISION Q2.2024 Results VS. Last year (K NIS) Sales EBIT * Q2 2024 Q2 2023 Var % Var % (Org.) Q2 2024 Q2 2023 Albaad Europe 348,597 336,531 3.6% 2.7% 30,688 12,274 % from sales 8.8% 3.6% Albaad IL 55,216 59,040 (6.5%) (6.9%) 3,128 997 % from sales 5.7% 1.7% Albaad Fabric IL 82,760
Slide 8: Highlights H1.2024 Results vs. Last Year
HIGHLIGHTS H1.2024 Results VS. Last year (K NIS) -0.5% Sales Sales in original currency -3.5% H1 2024 H1 2023 Var Var % Sales 856,239 860,661 -4,422 -0.5% +44% Operating Profit +48% including others EBIT EBIT (Before Others) 60,151 59,545 40,508 41,220 19,643 18,325 48.5% 44.5% EBITDA EBITDA (Contin
Slide 9: Sales & EBIT by Division H1.2024
* SALES & EBIT BY DIVISION H1.2024 Results VS. Last year (K NIS) Sales EBIT * H1 2024 H1 2023 Var % Var % (Org.) H1 2024 H1 2023 Albaad Europe 674,607 638,660 5.6% 2.7% 53,775 20,152 % from sales 8.0% 3.2% Albaad IL 111,045 115,412 (3.8%) (4.9%) 6,201 (411) % from sales 5.6% (0.4%) Albaad Fabric IL
Slide 10: Balance Sheet
BALANCE SHEET AS OF 30.06.2024 VS. 31.12.2023 (K NIS) 30.06.2024 % from total 31.12.2023 % from total Cash and cash equivalents 22,079 1% 19,133 1% 22M Cash on hand Trade Receivables Inventory 225,546 307,916 15% 20% 213,956 328,969 14% 21% Other Current Assets 30,112 2% 32,184 2% Total Current Asse
Slide 11: ESG Focus
ESG FOCUS ▪ Achieved Platinum rating in Maala ESG Index ▪ 5th consecutive year of high-tier recognition ▪ Reflects our commitment to sustainable business practices and demonstrates consistent excellence and improvement in: Environmental stewardship Social responsibility Corporate governance
Slide 12: Innovation & Future Growth
INNOVATION & FUTURE GROWTH GREEN PRODUCT LINE IN DIMONA THE NEXT GENERATION ▪ Green hybrid production line that enables production in both paper technology and green non-woven technology ▪ The Hydrofine® Products from the new hybrid line will serve both flushable MTT wipes as well as traditional bab
Slide 13: Summary
SUMMARY Improvement in our result ▪ EBIT ▪ EBITDA ▪ GROSS PROFIT ▪ NET PROFIT Maintaining positive performance for H1.2024 ▪ Operating Cash Flow of 83.6M NIS (1) ▪ Free Cash Flow of 62.4M NIS inc. Dimona line 2 investments (2) ▪ Improving Banks Covenants Net Liabilities to EBITDA Ratio 1.59 (Covenan
Slide 14: Finance Strengthening Plan
FINANCE STRENGTHENING PLAN SIX QUARTERS SUMMARY Q1.2023 UP TO Q2.2024 (M NIS) SOURCES *= 282M USES = 172M EBITDA continued operation 289 M On Going Investments 38 M ** IFRS16 impact, Interest & Tax -121 M Dimona line 2 Investment 102 M Working Capital & Others 114 M Optimal Care second payment 32 M
Slide 15: Further Strengthening & Future Growth
FURTHER STRENGTHENING & FUTURE GROWTH Further Finance Strengthening ▪ Optimizing our debt structure, launching a refinancing program 50M NIS long term loans was done in July 2024 ▪ To Close Sale & Lease Back transaction of Dimona facility Future Growth ▪ Dimona Green hybrid production line as milest
Slide 16: Thank You
THANK YOU 2, Vim.NA A . a et
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