Ginegar Plastic Products Ltd.

Investor Presentation • Dec 3, 2024

TLV : GNGR

Investor Presentation 03.12.2024

Disclaimer

The information included in this presentation is a summary only and does not exhaust all of the information on Ginegar Plastic Products Ltd. and its subsidiaries ("the Company") and its business, nor is it a substitute for inspection of the Company's periodic reports, quarterly reports, immediate reports, as reported to the Israel Securities Authority via the Magna distribution site, including the Company's 2023 periodic report filed with Magna on March 28, 2024, and the Company's amended report for the third quarter of 2024, filed with Magna on December 1, 2024. This presentation does not constitute an offering or an invitation to purchase securities of the Company, and the provisions thereof do not constitute a recommendation or opinion or substitute for the discretion of the investor.

This presentation includes forecasts, estimates, assessments and other information pertaining to future events and/or matters, whose materialization is uncertain and is beyond the Company's control, and which constitute forward-looking information, as defined in the Israeli Securities Law, 5728-1968. Such information may not materialize, in whole or in part, or may materialize in a manner significantly different to that forecast. Such information includes, inter alia, statements relating to the Company's objectives, plans, and strategies; statements that contain projections of results of operations or of financial condition; statements relating to the research, development, and use of the Company's technologies, products and product candidates; and all statements (other than statements of historical facts) that address activities, events, or developments that the Company intends, expects, projects, believes, or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. These statements are only current predictions and are subject to known and unknown risks, uncertainties, and other factors that may cause the Company or the Company's industry actual results, levels of activity performance, or achievements to be materially different from those anticipated by the forward-looking statements.

Important factors that could cause actual results, developments, and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the overall global economic environment; the impact of competition and new technologies; general market, political, security and economic conditions in the countries in which the Company operates; projected capital expenditures and liquidity; changes in our strategy; government regulations and approvals; litigation and regulatory proceedings. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by law, the Company is under no duty to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this presentation. The information included in this presentation is similar to the information included in the periodic, quarterly and/or immediate reports of the Company and does not include new material information. However, some of the data included in the presentation are presented in a different manner and/or breakdown and/or are differently edited. In any event of inconsistency between the periodic, quarterly and/or immediate reports of the Company released to the public and the information contained in this presentation, the information released to the public as aforesaid shall prevail.

Ginegar at A Glance

Ginegar is a leading producer of smart covers, offering a broad product portfolio and customized solutions suited to advanced agriculture and technical films used for a multitude of applications. Over half a century, Ginegar has earned a solid reputation, showing consistent growth from year to year.

* LTM EBITDA - include extraordinary expenses incurred in Q3 2024 of NIS 4.8M.

** Adjusted LTM EBITDA – without extraordinary expenses incurred in Q3 2024.

The extraordinary expenses incurred in Q3 2024 include the beginning of operation of Ginegar South, the closure and transfer of netting manufacturing machinery and equipment to Ginegar Brazil, and extraordinary provision for doubtful debt of NIS 2.8M.

Company Milestones

Acquisition of Polysack business & Polysack S.A., Establishment of Ginegar Do Brasil

Global Presence

Operating in over 60 countries worldwide

Our ESG doing

At Ginegar we are committed in every aspect of our operations, from environmental stewardship to social responsibility and ethical governance.

Two Key Business Sectors

Advanced Agriculture

Technical Solutions

Advanced composites

Renewable wind energy Aerospace automotive, marine and more…

Other applications

Construction, geomembrane, food, antistatic, anticorrosive and more…

Agricultural Smart Cover Solutions

Global Agricultural Demand for Films

Decrease in available agricultural land

Increased demand for food

Rise in demand for intensive agriculture

Increasing demand for agricultural films that: • Improve yields, use resources more effectively, reduce risk and crop damage

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Technical Film Solutions

Serving the automotive, maritime, aerospace, building & electronics industries

Sealing & Infrastructure Films

VCI Anticorrosive Films for Transport & Storage

Vacuum Bagging Film for Glass Lamination

Food Packaging

Advanced Composites on the Rise Ginegar offers new generation,

Serving OEMs, distributors and end users in various industries

What is a composite material?

A solid material, which is the result of two or more different substances, each with its own characteristics, combined to create a new substance whose properties are superior to those of the original components.

Composite materials are the ultimate designer's material, and as such one of the fastest growing sectors in the industry. Used in a wide range of products and applications advanced composites have:

• Superior strength to weight ratio
• Strong and enduring material
• Reduce waste in production
• Resistant to corrosion
• Can be molded into complex shapes

High performance vacuum bags for composite materials

high performance, vacuum bagging that is required for the production process of composites.

The opportunity

A qualified supplier, with global reach, recognized for its uncompromising quality and standards, Ginegar - Flextech Srl. is an expert in the production of vacuum bagging films for large blades for both offshore and onshore energy fields.

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Composite Film Solutions

Serving specialized distributors in each segment

Always Innovating

New applications Expand offering of current products

New product development

Customized solutions to meet evolving market needs

Current product improvements

More value to customers (improved optical properties, longer lasting films, and more)

New manufacturing technology & improvements

Efficiency & expansion (seeking new ways to be more competitive for our customers)

Biodegradable film – Ein Hamifraz

Solar panel

Silobags

Customer Testimonials

Agriculture for the Future: Growing Strawberries in Low Tunnels with Ginegar https://youtu.be/aJ2vTSOZhL4

Ginegar Orchard Mulch: Cultivating Desert Vineyards https://youtu.be/lWJTZcvqhME

Agriculture for the Future: Ginegar Shading & Anti-insect Nets and Thermal Screens, Black Truffles https://youtu.be/wJViICRWQyE

Years of Proven Results 2018-2023

Agricultural Covers Technical Films

-5,000

* Adjusted Q3 2024 EBITDA – without extraordinary expenses of NIS 4.8M.

Financial

	2020	2021	2022	2023	*LTM 1.10.23- 30.9.24
Sales	541.8	620.6	627.8	596.9	618.3
Operating Profit	40.5	38.2	10.1	16	29.9
%	7.48%	6.16%	1.61%	2.68%	4.83%
EBITDA	72.8	70.3	29.9	45.6	58.1
%	13.44%	11.33%	4.76%	7.64%	9.4%
Net Profit	24.3	22.6	-18.2	-0.3	12.5
Equity	237.2	243	216.8	221	214
Net Bank Debts	47.4	81.5	140.1	67.2	116.9
Dividend	15	15	0	15	15

* Adjusted Q3 2024 Operating Profit /EBITDA – without extraordinary expenses of NIS 4.8M. Adjusted Q3 2024 Net Profit– without extraordinary net expenses of NIS 3.9M.

Parameters

	31.12.2020		31.12.2021 31.12.2022		*LTM 1.10.23- 30.9.24
Net Debt	47.4	81.5	140.1	67.2	116.9
Equity	237.2	243	216.8	221	213
Assets	606.6	671.9	667.6	655.4	643.6
EBITDA	72.8	70.3	33.0	45.6	**58.1
Net Debt / EBITDA	0.65x	1.16x	4.69x	1.47x	2.0x
Equity Rate	39.10%	36.10%	32.50%	33.72%	33.17%

* Adjusted Q3 2024 EBITDA – without extraordinary expenses of NIS 4.8M.

Parameters

		2022	2023			*2024
		Q4	Q1	Q2	Q3	Q4	Q1	Q2	*Q3
	Sales	127 009 ,	127 959 ,	161 894 ,	167 233 ,	139 860 ,	139 352 ,	910 171 ,	167 208 ,
	Gross Profit	8 222 ,	15 785 ,	22 632 ,	35 935 ,	25 640 ,	27 986 ,	32 420 ,	31 370 ,
	%	6 47%	12 34%	13 98%	21 49%	18 33%	20 08%	18 86%	18 76%
	Operating Profit	-12 759 ,	707 -4 ,	2 434 ,	848 14 ,	3 425 ,	6 759 ,	10 182 ,	9 610 ,
	%	-8 90%	-3 68%	50% 1	8 88%	2 45%	85% 4	92% 5	5 75%
	Profit Net	-13 939 ,	-9 017 ,	-3 333 ,	9 681 ,	2 363 ,	1 047 ,	153 4 ,	957 4 ,
	EBITDA	-2 416 ,	2 635 ,	9 931 ,	21 982 ,	068 11 ,	13 843 ,	16 743 ,	16 475 ,
	%	-1 70%	2 06%	6 13%	13 14%	7 91%	9 93%	9 74%	9 85%

* Adjusted Q3 2024:

➢ Gross Profit– without extraordinary expenses of NIS 2.0M.

➢ Operating Profit /EBITDA – without extraordinary expenses of NIS 4.8M.

➢ Net Profit– without extraordinary net expenses of NIS 3.9M.

info@ginegar.com | www.ginegar.com