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1 | Media & Analyst Conference – Full Year 2024 Results Schweiter Technologies Full Year 2024 Results – Media & Analyst Conference February 28, 2025 | Zurich, Switzerland
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2 | Media & Analyst Conference – Full Year 2024 Results Agenda Media & Analyst Conference – Full Year 2024 Results 1 Business Review & Highlights 2 Financial Results 2024 3 Focus & Outlook 2025 4 Questions & Answers S c h w e i t e r T e c h n o l o g i e s
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3 | Media & Analyst Conference – Full Year 2024 Results 2024 – Increased EBITDA margin despite lower volume 1 B u s i n e s s R e v i e w & H i g h l i g h t s 1‘011 Mio. CHF Net Sales -5% (Fx-adj.: -4%) 91 Mio. CHF EBITDA adjusted1 Margin up +0.6pp 9.0% vs. 8.4% PY 57 Mio. CHF Free Operating Cash Flow ROIC up +2.2pp 7.4% vs. 5.2% PY 51 Mio. CHF Net Liquidity +116% 1 adjusted for Accelerate expenses Strong focus on cash-flow
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4 | Media & Analyst Conference – Full Year 2024 Results Focus on execution of “Accelerate” to prepare for profitable growth 1 B u s i n e s s R e v i e w & H i g h l i g h t s ARCHITECTURE Net sales growth driven by strong North American business also due to successful expansion into interior applications Europe and Asia with weak construction market environment with the exception of India Considerable margin increase driven by comprehensive go-to-market and efficiency measures in Americas, Europe & India DISPLAY Overall resilient performance with stronger 1st semester Volatile raw material prices leading to demand softness in 2nd semester Portfolio transformation continued – Extended recycled offerings Footprint optimization as well as strong go-to- market & procurement focus protecting margins TRANSPORT & INDUSTRY Notable demand slow down in vehicle markets and for industrial solutions Launch of new solutions like scratch resistant sheets for sectional garage doors and new lightweight bus platforms Low volumes and scale effects put margins under pressure, hence strong focus on footprint optimization & process excellence CORE MATERIALS Wind energy market impacted by PET overcapacities in China resulting in price erosion and by slow project approvals in Europe Encouraging demand in North America and the business capitalized on its kitting operations Market share gains in marine and industrial markets with innovative solutions Solid balsa business performance also supporting margins % of Net Sales 2024 41% 22% 21% 16% x% Transition year towards higher profitability
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5 | Media & Analyst Conference – Full Year 2024 Results Award winning “Oman Across Ages Museum” with Alucobond® special finish “premium anodized” celebrating culture & heritage of Oman 1 B u s i n e s s R e v i e w & H i g h l i g h t s Oman Across Ages Museum – Nizwa, Oman Architects: COX Architects Material: Alucobond® Plus – premium anodized
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6 | Media & Analyst Conference – Full Year 2024 Results Numerous highlights in 2024 1 B u s i n e s s R e v i e w & H i g h l i g h t s Innovation & Sustainability Team & organization Airex® TegraCoreTM GP-ApexTM Nick Scheib CEO Americas Sonia Mokdad CEO Architecture Asia & Europe DurolenTM Benjamin Burkard CEO Display Europe Thorsten Fuessinger CEO Industry Europe Digitalization “RE“ solutions Virtual World «Accelerate» program Sharpened business strategy Enhancement: Integration of Life Cycle Analysis & Product Carbon Footprint Site assessments for all European sites and global 3A Composites Core Materials sites Core Materials: Relocation of production line, for notable transport and CO2 emission reduction Transition year towards profitable growth Chatbot – PIA
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7 | Media & Analyst Conference – Full Year 2024 Results commercial vehicles as well as caravans. Combines elegant aesthetics with outstanding technical properties 1 B u s i n e s s R e v i e w & H i g h l i g h t s Applications DUROLEN™ sheets are particularly suitable for thermoforming applications in the areas of agricultural and commercial vehicles as well as caravans Characteristics Transport & Industry – Portfolio transformation – Enhanced performance functionalities
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8 | Media & Analyst Conference – Full Year 2024 Results «RE» solutions extended to clear-sheet with >95% recycled material 1 B u s i n e s s R e v i e w & H i g h l i g h t s Perspex® XT clear Display – Portfolio transformation – More sustainable & more attractive Perspex® XT re clear
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9 | Media & Analyst Conference – Full Year 2024 Results Innovative production process – faster & lower energy consumption 1 B u s i n e s s R e v i e w & H i g h l i g h t s GP APEXTM is a high-performance foam board, featuring an extremely flat, rigid and moisture -resistance structure that delivers striking digital printing results. Display – Portfolio transformation – More sustainable & more attractive
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10 | Media & Analyst Conference – Full Year 2024 Results Virtual World of 3A Composites to showcase Display solutions 1 B u s i n e s s R e v i e w & H i g h l i g h t s www.3acvirtualworld.com
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11 | Media & Analyst Conference – Full Year 2024 Results Our solutions are relevant and visible in everyday life 1 B u s i n e s s R e v i e w & H i g h l i g h t s Making life lighter and more colorful
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12 | Media & Analyst Conference – Full Year 2024 Results Agenda Media & Analyst Conference – Full Year 2024 Results 1 Business Review & Highlights 2 Financial Results 2024 3 Focus & Outlook 2025 4 Questions & Answers S c h w e i t e r T e c h n o l o g i e s
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13 | Media & Analyst Conference – Full Year 2024 Results Total Total 2024 2023 Net sales 1,011.3 1,069.6 -5% -4% EBITDA adjusted 1 90.9 89.7 1% 3% EBITDA 72.2 89.7 -20% -18% in % of net sales 1 9.0% 8.4% EBIT adjusted 1 45.6 50.3 -9% -7% EBIT 23.1 50.3 -54% -53% in % of net sales 1 4.5% 4.7% Net income 12.9 27.6 -53% in % of net sales 1.3% 2.6% % % fx adj. Higher adj. EBITDA in absolute & relative terms despite lower sales 2 F i n a n c i a l R e s u l t s 2 0 2 4 In Mio CHF 1 2024 adjusted for Accelerate expenses
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14 | Media & Analyst Conference – Full Year 2024 Results Net Sales 2023 vs. 2024 (Mio CHF) Net Sales 2023 vs. 2024 by business area (in %) 41% 22% 21% 16% Transport & Industry Architecture Core Materials Display 41% 22% 20% 17% Inner circle 2023* * 2023 restated to reflect new organization in Europe Net sales impacted by soft demand in Wind, Display and Industrial; Growing Architecture. 2 F i n a n c i a l R e s u l t s 2 0 2 4 -4%-5% 2023 2024Currency Impact AcquisitionsVolume Price Mix • Display - - • Core Mat - - • Architecture ++ • T&I - - -4%-4%
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15 | Media & Analyst Conference – Full Year 2024 Results EBITDA increase by procurement and focused pricing management. Net Income lower by ‘Accelerate’ costs and higher depreciation charges. 2 F i n a n c i a l R e s u l t s 2 0 2 4 28 13 2023 2024 Net Income 2023 vs. 2024 (Mio CHF) Major impacts on Net Income: • -4m higher recurring depreciation charges • -22.5m Accelerate costs on EBIT level • +10m higher currency exchange differences 2023 2024 EBITDA adjusted1 2023 vs. 2024 (Mio CHF) 4.2% 4.6% 8.4% +2.0%-points -1.4%-points 2024 -4%+0.6%-points 9.0% 1 2024 adjusted for Accelerate expenses
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16 | Media & Analyst Conference – Full Year 2024 Results Free Operating Cash Flow further improved on NWC and Capex. 2 F i n a n c i a l R e s u l t s 2 0 2 4 Free Operating Cash Flow 2023 vs. 2024 (Mio CHF) Free Operating Cash Flow 2019–2024 (Mio CHF) Capital Figures Equity Ratio 67% Dividend1 15 CHF / share Definitions: ROIC = Free Operating Cash Flow after lease (FOCF) / Invested Capital FOCF = Cash Flow from operating activities – Capex + Proceeds from PPE & Biological Asset sales – Lease repayments Invested Capital = Total Assets (excl. Cash & Cash Equivalents) – Total Liabilities (excl. Current and non-current financial liabilities, employee benefits) 2023 EBITDA Change In NWC CAPEX Other 2024 5.2% 7.4% ROIC (%) * * * 70 114 35 -12 40 57 2019 2020 2021 2022 2023 20242024 1 Proposed by board of directors to general assembly
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17 | Media & Analyst Conference – Full Year 2024 Results Agenda Media & Analyst Conference – Full Year 2024 Results 1 Business Review & Highlights 2 Financial Results 2024 3 Focus & Outlook 2025 4 Questions & Answers S c h w e i t e r T e c h n o l o g i e s
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18 | Media & Analyst Conference – Full Year 2024 Results OUR ASSETS • House of Brands: broadest product & solution portfolio • Unique material properties & innovation power • Global customer proximity & access with high performing team • FSC-certified Balsa forest – “From seed to shaped solutions” • Diversified with lightweight focus • M&A competence • Culture of trust, accountability and performance Persisting challenging business environment and geopolitical uncertainties ask for consequent strategy implementation 3 F o c u s & O u t l o o k 2 0 2 5 KEY TRENDS • Renewable energy • Weight reduction • Sustainable materials • Colorfulness & enhanced functionalities • Increased mobility OUR STRATEGIC PRIORITIES • Focusing on attractive market segments • Driving portfolio transformation through innovations: sustainable and competitive solution portfolio • Promoting operational excellence, high agility and efficiency in all parts of the company • Generating strong cash flow • Cultivating high performance culture OUR AMBITION OVER THE CYCLE • Net sales growth above market growth • EBIT margin: 7% to 9% • Return on Invested Capital: 9% to 11% • Shareholder friendly dividend policy
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19 | Media & Analyst Conference – Full Year 2024 Results Stable net sales expected & increased profitability targeted with a stronger 2nd semester 3 F o c u s & O u t l o o k 2 0 2 5 • Display business should develop quite resiliently both in Europe and North America, whilst further progressing with its product portfolio transformation (strong line-up of product launches) Net sales: • Expected to be stable (stronger 2nd semester) – challenging market environment compensated by market share gains through innovation and market penetration Margins: • Increased profitability targeted – mainly driven by realization of “Accelerate” measures • Core Materials still confronted with PET overcapacity and price pressure, but expected to gain market share in wind and non-wind applications with its competitive product range of PET and balsa wood in particular • Transport & Industry markets to remain muted for first half of the year and to gradually improve thereafter • Opportunities are intact in the Architecture business in North America and geographical expansion in Asia to compensate for weak construction market in Europe
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20 | Media & Analyst Conference – Full Year 2024 Results Agenda Media & Analyst Conference – Full Year 2024 Results 1 Business Review & Highlights 2 Financial Results 2024 3 Focus & Outlook 2025 4 Questions & Answers S c h w e i t e r T e c h n o l o g i e s
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21 | Media & Analyst Conference – Full Year 2024 Results Q & A Media & Analyst Conference – Full Year 2024 Results Financial Calendar 2025 S c h w e i t e r T e c h n o l o g i e s Annual General Meeting April 9, 2025 Theater Casino Zug Half-year results 2025 July 25, 2025 Virtual Every square is a printed 3A Composites solution: Kapa®Plast, Dispa®re, Lumex®A, Swedboard®Fibre premium, Dibond®Digital, Crylon®re, Smart-X®, Forex®re, GP ApexTM
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22 | Media & Analyst Conference – Full Year 2024 Results Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for purchase or sell any investment and neither it nor anything it contains shall form the basis of any contact whatsoever. Opinions expressed herein reflect the current judgment of the management of Schweiter Technologies. The presentation contains forward-looking statements that involve risks and uncertainties. The actual result of Schweiter Technologies may differ materially from those anticipated in these forward-looking statements and forecasts as a result of a number of factors. The management of Schweiter Technologies does not accept any liability whatsoever with respect to the use of this presentation.