Aluflexpack : Interim Report H1 2022

Aluflexpack AG

Interim Report

Half year 2022

Aluflexpack AG - Key Figures

	For the six months ended 30 June,
(financial figures in €m)1	2022	2021	yoy change
Net sales	164.8	126.5	30.2%
EBITDA before special effects (SE)1	24.3	21.4	13.6%
EBITDA margin before SE (%)	14.7%	16.9%	/
EBITDA (reported)	27.5	21.9	25.4%
Operating profit before SE	13.7	11.2	22.6%
Operating profit margin before SE (%)	8.3%	8.8%	/
Operating profit (EBIT reported)	15.9	11.0	44.4%
Result for the period (before minorities)	8.3	12.7	-34.5%
Cash flow from operating activities	8.4	20.6	-59.2%
Cash flow from investing activities	-59.4	-17.9	/
Cash flow from financing activities	62.0	-14.0	/
Equity ratio (%)	47.0%	60.2%	/
Net debt (cash)	94.1	32.4	190.7%
Total assets	402.3	301.7	33.4%
ROCE	9.4%	11.7%	/
Employees	1,462	1,342	8.9%

1 A detailed reconciliation of the reported figures and figures before special effects, as well as an overview of alternative performance measures used, can be found on page 17-19. Balance sheet figures as well as the total number of employees refer to end-of-period figures for 2021.

3

Net sales growth H1 2022

+30.2%

H1 EBITDA before SE

(in €m)

H1 net sales

(in €m)

						165
				116	127
			101
		85
70	77
2016	2017	2018	2019	2020	2021	2022

H1 EBITDA margin before SE

	24
	21
	17
	14
	11
7	8

10.3%	11.7%

			13.8%	15.0%	16.9%	14.7%
13.1%

2016

2017

2018

2019

2020

2021

2022

Capital expenditure

in H1 2022

€27.4m

Net debt to EBITDA LTM

June 2022

2.1x

2016 2017 2018 2019 2020 2021 2022

ROCE LTM June 2022

										10.7%	11.7%
							8.2%	9.4%
2.7%	4.7%	6.4%

2016

2017

2018

2019

2020

2021

2022

Equity ratio June 2022

47.0%

INTERIM REPORT HY2022

5

Table of Contents

Letter to shareholders	6
Financial overview	9
Earnings	9
Cash flow statement	14
Balance sheet	15
Supplemental financial information	17
Condensed consolidated interim financial statements (unaudited)	20

INTERIM REPORT HY2022