Aluflexpack : Präsentation Jahresergebnis 2021

Premium flexible packaging

Aluflexpack AG

Full year 2021 results

17 March 2022

Disclaimer

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The information contained in the presentation does not purport to be comprehensive. Aluflexpack undertakes no obligation to publicly update or revise any information contained herein or forward- looking statements, whether to reflect new information, future events or circumstances or otherwise. It should further be noted, that past performance is not a guide to future performance. Please also note that interim results are not necessarily indicative of the full-year results. Persons requiring advice should consult an independent adviser. Some financial information in this presentation has been rounded and, as a result, the figures shown as totals in this presentation may vary slightly from the exact arithmetic aggregation of the figures that precede them. While we are making great efforts to include accurate and up-to-date information, we make no representations or warranties, expressed or implied, and no reliance may be placed by any person as to the accuracy and completeness of the information provided in this presentation and we disclaim any liability for the use of it. Neither Aluflexpack nor any of its directors, officers, employees, agents, affiliates or advisers is under an obligation to update, correct or keep current the information contained in this presentation to which it relates or to provide the recipient of it with access to any additional information that may arise in connection with it and any opinions expressed in this presentation are subject to change.

In this presentation, we utilise certain alternative performance measures, including EBITDA, EBITDA before special effects, Operating Profit before special effects, organic growth, Working Capital ratio, and others that in each case are not recognized under International Financial Reporting Standards ("IFRS"). These non-IFRS measures are presented as we believe that they and similar measures are widely used in the markets in which we operate as a means of evaluating a company's operating performance and financing structure. They may not be comparable to other similarly titled measures of other companies and are not measurements under IFRS or other generally accepted accounting principles, nor should they be considered as substitutes for the information contained in the financial statements included in this presentation. For a particular definition of any of the mentioned and non-mentioned alternative performance indicators please see either notes in this presentation or definitions in our FY 2021 annual report.

By receiving this Presentation, you agree to be bound by the foregoing limitations. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. This Presentation does not constitute investment, legal, accounting, regulatory, taxation or other advice.

THIS PRESENTATION IS NOT AN INVITATION TO PURCHASE SECURITIES OF ALUFLEXPACK AG OR THE GROUP.

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Executive summary

FY 2021 results presentation

Continuation of growth trajectory

End market development

Solid delivery on results

Strong OCF generation

Outlook for 2022 reaffirmed

Increase in FY 2021 net sales by 11.1% to €266.1m, of which 8.6% organic, due to excellent customer and product portfolio and strong demand for on-the-shelf food and pet food products

Strong expansion of business in Pet food (+20% yoy) and Coffee

• Tea (18% yoy); sales decrease in Pharmaceutical end market by -8%yoy due to impact from COVID-19

Increase in EBITDA before SE by 11.9% yoy to €41.8m and in EBITDA margin before SE to 15.7% driven by further efficiency improvements and a larger share of value-adding products(1)

Increase in operating cash flow to €38.3m (2020: €26.1m) supporting investment in platform, above all for major organic expansion in Drniš (Croatia)

The Management Board confirms its guidance of net sales in the range of €310 to 330m and EBITDA before SE between €35 and 40m

Note(s): (1) EBITDA before SE refers to EBITDA before special effects. A detailed reconciliation of the reported and adjusted figures can be found on slide 26 of this presentation.

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Net sales overview

Dynamic growth of 11.1% in FY 2021 (8.6% organic)

Net sales

(in €m)

266.1

239.4

207.9

181.7

160.6

144.1

2016

2017

2018

2019

2020

2021

Comments

• Resilient portfolio of successful brands and attractive product forms
• Strong demand in focus end markets such as Coffee & Tea and Pet food
• Combination of increase of business with existing customers and establishment of relationships with new customers
• Stable supply chains
• Full year consolidation of Polish acquisition

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