Turpaz Industries : Investor Presentation

Investor Presentation

August 2023

Disclaimer

This presentation was prepared by Turpaz Industries Ltd. (the "Company") for the sole purpose of conveying information regarding the Company and its subsidiaries (together with the Company "Turpaz Group"). This presentation does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase any securities of the Company and is intended to provide information only. This presentation is not intended to replace the need to review the Company's full reports to the Securities Authority and the Tel Aviv Stock Exchange Ltd. including, inter alia, the Company's periodic and immediate reports (hereinafter: "Company Reports") prior to making a decision regarding investment in the Company's securities.

In addition, this presentation cannot replace investment consulting by a lawfully licensed investment consultant.

This presentation includes statements data, forecasts, goals and Company plans that are "forward-looking statements", as defined in the Securities Law - 1968, whose occurrence is not certain, and which are not solely in the Company's control.

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These forward-looking statements are included, inter alia, in discussions of strategy, objectives, goals, plans, events, future intentions or other information relating to future events or issues whose occurrence is not certain.

By their nature, forward-looking statements involve risk and uncertainty. Whether the forward-looking information occurs or not is affected, inter alia, by risk factors characteristic to the Company's operations and developments in the general environment and external factors which impact the Turpaz Group and its area of activities.

Subject to the requirements of applicable law, the Company does not intend to update any industry information or forward-looking statements appearing in this presentation and is not required to publish any additional presentations for its shareholders in future.

Turpaz - A Leading Global F&F Company

Founded	14 Production	485 employees	Multinational	Enhancement and
in 2011	expansion of global
fragrance
sites globally	61 in R&D (15 PhD)	management to support
	& flavor house
			global growth strategy

IPO on TASE in May 2021

Continuous growth via	Fragrance, taste, specialty fine	Trade on TA-125 since
ingredients (including citrus products
February 2022.
M&A and organic growth
& aroma chemical ingredients)
Symbol: TRPZ

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H1 2023 Highlights (US $)

Sales

Gross Profit

Adjusted EBITDA

$ 61.5M	$ 23.0M	$ 12.6M
+ 6.6% Sales growth	+ 3.0% growth	(5.2%)
(2.7%) Organic

Sales were impacted	Gross profit increased mainly	The change in adjusted
by continued customer	due to the increase in sales.	EBITDA stems mainly from
destocking, driven by	Profitability declined primarily	the organic decline in sales
global interest rate	due to an organic sales
increases and market	decrease compounded by fixed
economic uncertainties	expenses, rising energy prices,
	and increased payroll costs

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Q2 2023 Highlights (US $)

Sales

Gross Profit

Adjusted EBITDA

$ 30.6M	$ 11.2M	$ 6.0M
+ 1.1% Sales growth	(3.8%)	(13.8%)
(6.6%) Organic

Sales were impacted by	Profitability declined	The change in adjusted
continued customer	primarily due to an organic	EBITDA stems mainly from
destocking, driven by	sales decrease compounded	the organic decline in sales
global interest rate	by fixed expenses, rising
increases and market	energy prices, and increased
economic uncertainties	payroll costs

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