Ginegar Plastic Products Ltd.

Investor Presentation • Jun 25, 2024

TLV : GNGR Investor Presentation

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 report for the first quarter of 2024, filed with Magna on May 30, 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, 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.

Company Milestones

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

Global Presence

Operating in over 60 countries worldwide

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Our ESG doing

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

Environment / Sustainability

Producers of compostable & recyclable polymers

Agri-additives or raw materials to be incorporated into our film

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What we seek when choosing our partners for collaborative JVs in R&D projects We launched a project for Ginegar's carbon footprint strategy aimed to reduce our corporate green house gas (GHG) emissions.

Sustainability Policy

Current Activities

In our products:

• Our films for composites have many positive environmental impacts: reduction of fuels, gas emissions and material waste.
• We have developed biodegradable mulch films for sustainable agriculture.
• Our agricultural smart covers:

Reduce the need for pesticides and herbicides. Enable a more efficient use of land for intensive agriculture. Reduce water and energy consumption in greenhouses, tunnels and orchards.

In our operations:

• We recycle all of our film waste in-house.
• Our plant in Italy is powered by solar energy.
• Ginegar Brazil used 100% of clean energy in 2023 with zero carbon emission (55 tCO2 emission saved)

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Social Responsibility

Community engagement Employee benefits

Workplace health and safety

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At Ginegar the "S" in ESG symbolizes our heartfelt commitment to fostering a workplace culture of diversity and empowerment.

We prioritize employee well-being and community engagement, striving to make a positive impact through fair practices and genuine care.

Social Responsibility

Ginegar gives back to the community

dealing with mental illness

children with serious illnesses

Employee welfare activity

• Employee birthdays celebrations
• Holidays gifts
• International Women's Day events
• Employee appreciation day / company outing
• Top-performing employee

Governance

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Years of Proven Results 2018-2023

* The 2022 - 2023 results were affected by the general economic situation worldwide (RM prices ,shipping costs) and as such do not represent a typical year of operation.

Agricultural Covers Technical Films

Financial

	2020	2021	2022*	*2023	LTM 1.4.23- 31.3.24
Sales	541.8	620.6	627.8	596.9	608.4
Operating Profit	40.5	38.2	10.1	16	27.5
%	7.48%	6.16%	1.61%	2.68%	4.52%
EBITDA	72.8	70.3	29.9	45.6	56.8
%	13.44%	11.33%	4.76%	7.64%	9.34%
Net Profit	24.3	22.6	-18.2	-0.3	9.8
Equity	237.2	243	216.8	221	207
Net Bank Debts	47.4	81.5	140.1	67.2	91.3
Dividend	15	15	0	15	15

* The 2022 - 2023 results were affected by the general economic situation worldwide (RM prices ,shipping costs) and as such do not represent a typical year of operation.

Parameters

	31.12.2020	31.12.2021	31.12.2022*	31.12.2023*	LTM 1.4.23- 31.3.24
Net Debt	47.4	81.5	140.1	67.2	91.3
Equity	237.2	243	216.8	221	207
Assets	606.6	671.9	667.6	655.4	641.5
EBITDA	72.8	70.3	33.0	45.6	56.8
Net Debt / 0.65x EBITDA		1.16x	4.69x	1.47x	1.61x
Equity Rate	39.10%	36.10%	32.50%	33.72%	32.24%

* The 2022 - 2023 results were affected by the general economic situation worldwide (RM prices ,shipping costs) and as such do not represent a typical year of operation.

Financial Parameters (M ILS)

	*2022			*2023				2024
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1
Sales	160,272	183,126	157,423	127,009	127,959	161,894	167,233	139,860	139,352
Gross Profit	27,737	32,410	19,070	8,222	15,785	22,632	35,935	25,640	27,986
%	19.40%	22.70%	13.40%	6.47%	12.34%	13.98%	21.49%	18.33%	20.08%
Operating Profit	5,736	4,252	-2,587	-12,759	-4,707	2,434	14,848	3,425	6,759
%	4.00%	3.00%	-1.80%	-8.90%	-3.68%	1.50%	8.88%	2.45%	4.85%
Profit Net	4,859	1,895	-11,591	-13,939	-9,017	-3,333	9,681	2,363	1,047
EBITDA	13,683	12,796	5,793	-2,416	2,635	9,931	21,982	11,068	13,843

* The 2022 - 2023 results were affected by the general economic situation worldwide (RM prices,shipping costs) and as such do not represent a typical year of operation.

Two Key Business Sectors

Advanced Agriculture

Technical Solutions

Advanced composites

Renewable wind energy Aerospace automotive, marine and more…

applications Construction, geomembrane, food, antistatic, anticorrosive

and more…

Other

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

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

Antistatic Films & Cleanroom Packaging

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.

Composite Film Solutions

Pipe Relining

At The Forefront of Manufacturing Technology

Firmly focused on our customers, we aim to develop products and solutions that answer their needs, solve their challenges and have minimal impact on the environment.

From product development and processing methods, to manufacturing practices, and the implementation of new materials and formulations, we rely on the experience and professionalism of our in-house scientists, engineers, and technicians, and encourage creativity among our team. Our strong relationships with universities, start-up hubs and technological incubators ensure that we are always at the forefront of industry innovation.

Technical features include:

Heat stabilizers | Flame retardants | Moisture barrier | Ability to use nylon

Ginegar-Flextech Srl. uses 9 layer technology to extrude very wide films and welding technology to produce films that span 48m/157feet.

Using large extruders enables the production of widediameter, high performance barrier films requiring pinhole resistance and immense mechanical strength.

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)

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

info@ginegar.com | www.ginegar.com