Thrace Plastics and Commercial S A : Participation of the Company in the 15th Greek Road Show of London

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100% JV

Technical Fabrics BU

Packaging BU

Production / Distribution Facilities

Rest of Europe

9%

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Rest of Europe

10%

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P&L	2019	2018	y-o-y	Balance Sheet	2019	2018	Key Ratios	2019	2018
Turnover	327,795	322,733	1.6%	Fixed Assets	149,645	147,643	Total Debt	105,579	101,186
Cost of Goods Sold	-264,247	-259,508	1.8%	Other NC Assets	20,471	19,377	Cash	22,051	22,824
Gross profit	63,548	63,225	0.5%	Non Current Assets	170,116	167,020	Net Debt	83,528	78,362
Gross profit margin	19.4%	19.6%		Inventories	59,158	66,896	Net Debt / EBITDA	2.91	2.85
Operating Expenses	-51,446	-49,528	3.9%	Receivables	57,428	53,603	Net Debt/Sales	0.25	0.24
EBIT	12,102	13,697	-11.6%	Cash & Cash Equivalents	22,051	22,824	Net Debt/Equity	0.57	0.55
EBIT margin	3.7%	4.2%		Assets available for sale	6,155	0	EV/EBITDA	5.8	5.8
Financial Income/Expenses	-4,920	-4,547		Other Currents Assets	8,432	9,882	ROCE	3.5%	6.2%
Profit/(Losses) from equity consolid.	1,166	855		Current Assets	153,224	153,205	ROE	2.7%	5.7%
Profit/(Losses) from M&A	0	0		Total Assets	323,340	320,225	ROIC	3.4%	5.3%
EBT	8,348	10,005	-16.6%	Bank Loans	96,367	101,186	Operating WC	80,399	80,336
EBT margin	2.5%	3.1%		Liabilities from leases	9,212	0	as a % of Sales	24.5%	24.9%
Adjusted EBT*	10,209	11,491	-11.2%	Payables	36,187	40,163
Adjusted EBT margin	3.1%	3.6%		Provisions for Pension Plans	15,252	15,468
EBITDA	28,745	27,500	4.5%	Other Liabilities	19,973	21,793
EBITDA margin	8.8%	8.5%		Total Liabilities	176,991	178,610
Adjusted EBITDA*	30,606	28,986	5.6%	Equity	146,349	141,615
Adjusted EBITDA margin	9.3%	9.0%		Equity & Liabilities	323,340	320,225

	Continuing Operations		Continuing & Discontinuing Operations
	H1 2020	H1 2019		H1 2020	H1 2019
Turnover	155,376	155,173	0.1%	160,646	171,125	-6.1%
Gross Profit	42,141	32,440	29.9%	42,393	33,649	26.0%
Gross Profit Margin	27.1%	20.9%		26.4%	19.7%
ΕΒΙΤ*	17,734	9,434	88.0%	14,927	8,541	74.8%
EBIT Margin	11.4%	6.1%		9.3%	5.0%
EBITDA*	26,033	16,468	58.1%	23,605	16,292	44.9%
EBITDA Margin	16.8%	10.6%		14.7%	9.5%
Adjusted EBITDA*	26,787	16,468	62.7%	26,787	16,292	64.4%
Adjusted EBITDA Margin	17.2%	10.6%		16.7%	9.5%
EBT	16,855	7,487	125.1%	14,046	6,591	113.1%
EBT Margin	10.8%	4.8%		8.7%	3.9%
EAT	12,830	5,255	144.1%	10,021	4,353	130.2%
EAT Margin	8.3%	3.4%		6.2%	2.5%
EPS (€)	0.287	0.117	145.8%	0.223	0.096	131.7%

Balance Sheet

30-06-20

31-12-19

Key Ratios

30-06-2031-12-19

Fixed Assets	149,173	149,645	Total Debt	87,632	105,579
Other NC Assets	21,028	20,471	Cash	40,660	22,051

Non Current Assets	170,201	170,116
Inventories	55,659	59,158
Receivables	58,100	57,428
Cash & Cash Equivalents	40,660	22,051
Assets available for sale	6,022	6,155
Other Currents Assets	8,868	8,432
Current Assets	169,309	153,224
Total Assets	339,510	323,340
Bank Loans	80,843	96,367
Liabilities from leases	6,789	9,212
Payables	39,470	36,187
Provisions for Pension Plans	15,630	15,252
Other Liabilities	44,927	19,973
Total Liabilities	187,659	176,991
Equity	151,851	146,349
Equity & Liabilities	339,510	323,340

Net Debt	46,972	83,528
Net Debt / EBITDA	1.30	2.91
Net Debt/Sales	0.15	0.25
Net Debt/Equity	0.31	0.57
EV/EBITDA	3.8	6.0
ROCE	5.6%	3.5%
ROE	6.4%	2.7%
ROIC	6.2%	3.4%
Operating WC	74,289	80,399
as a % of Sales	23.4%	24.5%

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