Forward-looking statement

This document contains certain "forward-looking" statements. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances, which could affect materially the expected results, because current expectations and assumptions as to future events and circumstances may not prove accurate. Our actual results and events could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the 2023 Annual Financial Report of Gr. Sarantis S.A. and its subsidiaries. This document serves only informative purposes and does not form or can either be referred to as a buy, sell or hold encouragement for shares or any other fixed income instruments. Investors must decide upon their investment actions based on their own investing preferences, financial status and advice from those registered investment advisors who consider appropriate.

Although we believe that, as of the date of this document, the expectations reflected in the forward-looking statements are

reasonable, we cannot assure you that our future results, level of activity, performance or achievements will meet these expectations. Moreover, neither we, nor our directors, employees, advisors nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements.

2 Sarantis Group Full Year 2023 Financial Results

With you today

Giannis Bouras

Christos Varsos

Deputy CEO

Group Chief Financial Officer

3 Sarantis Group Full Year 2023 Financial Results

2023 Highlights

Setting the base for sustainable organic growth

Giannis Bouras, Deputy CEO

Consistent organic growth with highest ever Net Sales

Organic revenue growth

  • 482.2m
  • 8.3%

Margins

GP 37.8% +370bps

EBITDA 12.8% +254bps

EBIT 9.8% +251bps

EBT 10.1% +295bps

EBITDA

EBIT

EBT

€ 61.6m

€ 47.1m

€ 48.6m

+ 35.3%

+ 45.9%

+ 53.2%

Healthy Balance SheetEnhancing shareholder's Value

Net Cash €43.6m

Proposed Dividend €15.0m

Working Capital

Payout 38.2% of Net Profit

12 days improvement

5 Sarantis Group Full Year 2023 Financial Results

Well-placed for future growth

Beauty, Skin & Sun Care

Personal

Care

Home Care

Solutions

Private

Label

Strategic

Partnerships

Other Sales

Sarantis

Group

VOLUME (units)

NET SALES

+25.0%

+32.0%

€ 48.2m

+4.2%

+17.2%

€ 102.8m

-2.6%

+4.7%

€ 164.1m

-5.4%

-6.9%

€ 30.7m

-5.8%*

+4.6%

€ 132.6m

+2.3%

€ 3.9m

-1.2%

+8.3%

€ 482.2m

CONTRIBUTION

TO TOTAL SALES

10.0%

21.3%

34.0%

6.4%

27.5%

0.8%

100.00%

  • Like-for-likeexcluding Wella and Johnson & Johnson: -2.6%

6 Sarantis Group Full Year 2023 Financial Results

Strong growth across all geographies

Greece

Poland

Romania

Czech &

Slovakia

West Balkans

Ukraine

Bulgaria

Hungary

Sarantis Group

NET SALES

  • 156.0m
  • 3.7%
  • 110.4m
  • 2.9%
  • 79.1m

+ 14.7%

  • 41.1m
  • 25.2%
  • 37.5m
  • 11.1%
  • 25.3m

+ 12.3%

  • 19.7m

+ 19.2%

  • 13.0m

+2.7%

  • 482.2m
  • 8.3%

CONTRIBUTION

TO TOTAL SALES

32.4%

22.9%

16.4%

8.5%

7.8%

5.2%

4.1%

2.7%

100.00%

7 Sarantis Group Full Year 2023 Financial Results

Simplification and efficiency - projects on track

Already brought results

  • Portfolio Optimisation (-40% of SKUs)
  • Stock management - cash release
  • New Polipak plan in full operation
  • Innovation - Fewer and bigger initiatives
  • More value through Revenue Growth Management and HERO SKUs focus

Projects on track

  • Integrated Business Planning Process - to be completed in Q3
  • New SAP implementation - Design phase to be completed in Q2

Release value and energy in the organisation

Sarantis8 SarantisGroupGroup2023 HalfFullyearYearResults2023 Financial Results

Stella Pack S.A. completion of acquisition

  • A leading Polish consumer household products player, with strong brands
  • 25 years of successful presence in the home care solutions categories
  • Four production facilities enhancing the production footprint of the Group
  • Reinforcement of Sarantis Group's leading position in the Polish market with further enrichment of an already strong product portfolio
  • Boost of further growth in the category of consumer household products

Contribution to circular economy

works only with recycled plastic for garbage bags

owns a waste separation line that manufactures internally own recycled plastic covering fully its production needs

*Stella Pack S.A. acquisition was completed on January 12th, 2024

14 Sarantis Group 2023 Half year Results

9 Sarantis Group Full Year 2023 Financial Results

Financial Performance

Delivering strong performance

Christos Varsos, Group Chief Financial Officer

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Gr. Sarantis SA published this content on 12 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 March 2024 12:53:01 UTC.