MASTERPLAST INVESTOR FORUM

14.05.2024

MASTERPLAST GROUP

COMPANY INTRODUCTION

Date of

foundation

1997

Experience as a

building materials

manufacturer

+18 yrs

Stock exchange

presence

13 years

Number of

subsidiaries

10

~1200

FTE

5000+

Product

5000+

partner

A LEADING REGIONAL MANUFACTURER OF THERMAL INSULATION SYSTEMS COMPONENTS

ONE OF THE GLOBAL MARKET LEADERS IN FIBERGLASS MESH AND ROOFING FOIL

MARKET

PRESENCE

Hungary

Romania

Ukraine

Poland

Italy

1997

1999

2001

2002

2005

2020

2022

Slovakia

Serbia

Croatia

North

Germany

Macedonia

Subsidiary

Export country

Production

Centre / Production

ANALYSIS AND

EVALUATION

REVIEW

TRENDS, RESULT

AFTER FULL THROTTLE TO SLAMMING ON THE BRAKES

  • SPO October 2022 - HUF 4100 per share
  • What happened in 2023?
  • How did Masterplast react to this?
  • What are the long-term valid changes?
  • What are the main lessons from last year?

2023 RESULT

Turnover 145,2

EBIT -12,5

EBITDA -6,1

PAT -15,6

EMPLOYEE LAYOFF

-361 FTE

(data in millions of euros)

REVIEW Q1 2024

TRENDS, RESULT

  • Depressed markets
  • Delays in EU building energy programs
  • A wait-and-see approach is observed in the markets
  • Expensively acquired raw materials have run out
  • Increasing production
  • More efficient organizational operation
  • Operating profit (EBITDA) further improved

RESULTS 2023 Q1

Turnover

37 602

EBITDA

-2 032

EBITDA%

5,4%

Headcount 1 428 FTE

2024 Q1

Turnover

32 665

EBITDA

856

EBITDA%

2,6%

Headcount

1 231 FTE

(data in thousands of euros)

European and Hungarian

Policy and Regulatory

Framework of Buildings

Anikó Pálffy

Hungarian Energy Efficiency Institute 05.14.2024.

The focus must be to reduce emissions from heating

2030

Buildings sector expected to fall dramatically by 2030

2040

…and reach close to

zero by 2040

2050

Climate-neutral

Europe

8

EU Policies on Buildings

RENOVATION WAVE STRATEGY (2020)

  • 35 million buildings need renovation until 2030 in the EU
  • Currently low renovation rate to at least be doubled
  • Deep renovation (min 60% energy savings)

ENERGY EFFICIENCY

ENERGY PERFORMANCE OF

RENEWABLE ENERGY

DIRECTIVE

BUILDINGS DIRECTIVE

DIRECTIVE

(EED 2023)

(EPBD 2024)

(RED 2023)

9

Buildings-related pieces of the Fit for 55 package

EED

  • Binding final energy consumption target, indicative national contributions + 'gap-filling mechanism'
  • Higher yearly energy savings obligations by members
  • Energy savings from fossil boilers can not be counted after 2025
  • stronger focus on alleviating energy poverty.

EPBD

  • Updated standard for new buildings (Zero Emission Building)
  • Residential buildings: 16% reduction in primary energy consumption by 2030 and 20-22% by 2035
  • Non-residential:minimum energy performance standards, 16% of worst-performing buildings by 2030, and 26% by 2033 to be renovated
  • Fossil fuel boilers will need to be completely phased out by 2040 and subsidies cut from 2025
  • Enhanced energy performance certificates
  • Building renovation passports, one-stop-shops, Smart Readiness Indicator, voluntary mortgage portfolio standards
  • Solar rooftops will need to be deployed in all new residential buildings as of 2030

RED

  • Non-bindingtarget of 49% share of energy from renewable sources in the buildings sector in 2030
  • Average minimum annual increase of 1.1% in the share of renewable sources by 2030

10

Attention: This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

MASTERPLAST Nyrt. published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 13:35:05 UTC.