Accsys Technologies : 27 June - Accsys Technologies PLC - Preliminary Results FY23 Presentation

ACCSYS PRELIMINARY RESULTS 27 JUNE 2023

For the year ended 31 March 2023

CHANGING WOOD TO CHANGE THE WORLD

Pilarin Bayes Library, Barcelona Spain. Grupo Gámiz, BCQ Arquitectura

Barcelona

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DISCLAIMER

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

No representation or warranty, express or implied, is made or given by or on behalf of Accsys Technologies PLC (the "Company" and, together with its subsidiaries and subsidiary undertakings, the "Group") or any of its directors or any other person as to the accuracy, completeness or fairness of the information contained in this presentation and no responsibility or liability is accepted for any such information.

This presentation may contain 'forward-looking statements' with respect to certain of the Group's plans and its current goals and expectations relating to its future financial condition, performance, results, strategic initiatives and objectives. Generally, words such as "may", "could", "will", "expect", "intend", "estimate", "anticipate", "aim", "outlook", "believe", "plan", "seek", "continue" or similar expressions identify forward-looking statements.

These forward-looking statements are not guarantees of future performance. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the Group's control, including amongst other things, UK domestic and global economic business conditions, market- related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing impact and other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation or regulations in the jurisdictions in which the Group and its affiliates operate.

As a result, the Group's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group's forward- looking statements. Forward-looking statements in this presentation are current only as of the date on which such statements are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in this presentation is intended to be, or intended to be construed as, a profit forecast or a guide as to the performance, financial or otherwise, of the Company or the Group whether in the current or any future financial year .

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell the Company's securities in any jurisdiction, or be treated or relied upon as a recommendation or advice by the Company. This presentation and its contents should not be distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other person.

The views expressed in this presentation contain certain information which has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of such information.

27 JUNE 2023

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AGENDA

Highlights

Financial Review

Business Review & Outlook

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HIGHLIGHTS

Stephen Odell,

Executive Chairman

Monkey Mia decking, Perth, Australia. Accoya supplied by M&B

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HIGHLIGHTS - FINANCIAL

Revenue

Sales volume

Gross margin

Underlying EBITDA

+34%

+6%

+4%

+120%

+34% growth in revenue to €162.0m.	+6% growth in Accoya	+4% pts improvement in gross
Driven by continuing strong product	volumes at 63,344m3.	margin at 34%.
demand, higher average sales prices and	H2 volumes of 39,387m3 up 64% on H1, in	Remaining above target of 30%.
implementation of Energy Price Premium.	excess of our targeted 50% increase,
	reflecting reactors 1-3 returning to
	production following Arnhem plant
	shutdown in April and May, and
	additional production from reactor 4
	from September 2022.

120% growth in underlying

EBITDA1 at €22.9m.

Ahead of guidance and reflecting higher

revenues and sales prices offsetting

increased raw material costs.

A good financial performance in FY23 despite some operational challenges during the year.

Completion and start-up of fourth reactor in Arnhem leading to record volume production in Q3 and Q4.

1 Underlying EBITDA defined as operating profit/(loss) before exceptional items and other adjustments, depreciation and amortisation, and includes Group's attributable share of USA joint venture's underlying EBITDA

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