CPH Chemie + Papier Holding AG

Roadshow Presentation

Zurich, 28 April 2022

Disclaimer

Investing in the shares of CPH Chemie + Papier Holding AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of CPH Chemie + Papier Holding AG. This document contains forward-looking statements which involve risks and uncertainties. These statements are made on the basis of current knowledge and assumptions. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. No obligation is assumed to update any forward-looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments. The information contained in this document has not been independently verified and no representation or warranty, express or implied, is made to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. The information in this presentation is subject to change without notice, it may be incomplete or condensed, and it may not contain all material information concerning the CPH Group. Neither CPH Chemie + Papier Holding AG nor its affiliates shall have any liability whatsoever for any loss whatsoever arising from any use of this document or its content or otherwise arising in connection with this document. This document does not constitute or form part of an offer to sell or a solicitation of an offer to purchase any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This information constitutes neither an offer to buy shares of CPH Chemie + Papier Holding AG nor a prospectus within the meaning of the applicable Swiss law.

Agenda

1 The CPH Group

  • 2 Business divisions

  • 3 Investment case

  • 4 Outlook

  • 5 Q&A

Appendix

The CPH Group Key figures

in CHF million

2020

2021

± in CHF

± in %

Net sales

445

497

+52

+12

EBITDA in % of net sales

55

12.4

26

5.2

-29

-53

EBIT before impairment in % of net sales

25

5.5

-3 -0.5

-28

n.a.

EBIT in % of net sales

25

5.5

-153

-30.7

-177

n.a.

Net result in % of net sales

47

10.5

-151

-30.5

-198

n.a.

Free cash flow

40

-3

-43

-64

Total assets

704

560

-144

-20

Shareholders' equity in % of total assets

472

67.0

310

55.4

-161

-34

Headcount

1 098

1 104

+6

+1

The CPH Group Sound value with further growth potential

Sales with substantial growth (of 13% excluding currency factors)

Group EBITDA margin of 5.2% under pressure by steep rises in raw materials and energy prices

Chemistry EBITDA margin at new record high of 21.5% thanks to strong demand

Paper EBITDA margin of -3.5% due to low paper sales prices and record high recovered paper prices

Packaging EBITDA margin of 7.0% down from prior year caused by delay in passing on higher raw materials costs

Net result of CHF -151 million negative due to non-cash one-time impairment charge

Free cash flow of CHF -3.4 million negative because of investments in expanding capacities and in further process efficiencies

Equity ratio solid at 55%

Net-debt-to-EBITDA ratio low at 0.6

Dividend of CHF 1.30 per share

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CPH Chemie + Papier Holding AG published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 10:45:46 UTC.