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Raval ICS Ltd. Investor Presentation 2025
7015_rns_2025-11-18_b5ad5453-2935-4bd8-b2c7-0e751d57568a.pdf
Investor Presentation
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FLOW MANAGEMENT SOLUTIONS
Disclaimer
מצגת זו נועדה למסירת מידע בלבד, היא אינה מהווה חוות דעת, המלצה או הצעה לרכישה ו/או מכירה של ניירות הערך של החברה ואינה מהווה תחליף לשיקול דעת או לאיסוף וניתוח מידע עצמאי של כל משקיע פוטנציאלי.
המידע והפרטים המובאים במצגת זו הינם חלקיים בלבד, מוצגים בתמצית למטרות נוחות בלבד, ויש לקרוא אותם ביחד עם הפרטים, התיאורים, ההבהרות, ההנחות, ההסתייגויות, ההערכות ותיאור גורמי הסיכון הנכללים בדוח התקופתי של החברה לשנת ,2024 לרבות בפרק תיאור עסקי התאגיד לשנת 2024 כפי שפורסם ביום 23 במרץ .2025
התמונות המוצגות במצגת זו הינן בגדר הדמיה.
המצגת כוללת מידע צופה פני עתיד, כהגדרתו בחוק ניירות ערך, התשכ"ח.1968- מידע כאמור כולל, בין היתר, תחזיות, מטרות, הערכות ואומדנים המתייחסים לאירועים ו/או לעניינים עתידיים, שהתממשותם אינה ודאית ואינה בשליטת החברה. מידע צופה פני עתיד אינו מהווה עובדה מוכחת והוא כפוף מטבעו לסיכוני אי-התממשות משמעותיים. מידע כאמור הינו בלתי ודאי, בלתי ניתן להערכה מדויקת מראש, הוא מבוסס רק על נקודת ראותה והערכתה הסובייקטיבית של הנהלת החברה, המתבססת בין השאר, על הידע של החברה בקשר עם הפעילויות השונות המבוצעות על ידה, על ניסיונה בתחום וכן על ניתוח מידע כללי הידוע להנהלת החברה. התממשותו או אי התממשותו של מידע כאמור תושפע, בין היתר, מגורמי סיכון המאפיינים את פעילות החברה וכן מהתפתחויות בסביבה הכלכלית ובגורמים חיצוניים המשפיעים על פעילות החברה, אשר אינם ניתנים להערכה מראש ואשר אינם מצויים בשליטת החברה. כמו כן, התממשותו או אי התממשותו של המידע צופה פני עתיד תושפע, בין היתר, אם יסתבר כי הערכות שונות שהניחה החברה היו לא נכונות. לפיכך, קוראי מצגת זו מוזהרים, כי תוצאותיה והישגיה בפועל של החברה בעתיד עלולים להיות שונים באופן מהותי מאלה שהוצגו במידע הצופה פני עתיד המוצג במצגת זו.
כמו כן, התחזיות וההערכות הצופות פני עתיד מתבססות על נתונים ומידע המצויים בידי החברה במועד עריכת המצגת. החברה אינה מתחייבת לעדכן ו/או למסור דיווח בדבר שינוי תחזיות ו/או הערכות הכלולות במצגת זו.
Key Facts
Revenue Jan-Sep 2025
€151.9
EBITDA
Jan-Sep 2025
€23.5
million
Total Group Backlog under "frame agreements"
€1.245
million (as of October 2025)
Global Presence
11 facilities in
North America,
Western and
Eastern Europe,
China and Israel.
Key Customers include major OEMs and Tier-1 suppliers
1,271
Employees
worldwide
(as of September 2025)
Shareholders and Company Structure(*)
Global Presence
Quality
End-to-End Solution, Development to Manufacture
Engineering, Simulation and Analysis capabilities
HyperMesh
High-performance finite element pre-processor to prepare largest models, starting from import of CAD geometry to exporting an analysis run for various disciplines.
HyperView
Post-processing and visualization environment for finite element analysis, multi-body system simulation, CFD results and digital video.
Inspire Form
Fully integrated solution for enhanced sheet metal forming product feasibility, detailed process analysis and virtual try-out.
CADdoctor
CADdoctor is the ultimate desktop application for 3D data translation among multiple CAD formats, PDQ validation, repair and transformation.
Multiscale Designer
Multiscale Designer is a software used for seamless integration of modeling, simulation, testing, uncertainty quantification and optimization of composite materials and structures at multiple spatial and temporal scales.
OptiStruct
Industry proven, modern structural analysis solver for linear and non-linear structural problems under static and dynamic loadings. The market-leading solution for structural design and optimization.
Radioss
Leading structural analysis solver for highly non-linear problems under dynamic loadings like Crash, Impact, Blast and Stamping simulation.
SimSolid
Eliminates geometry simplification and meshing, the two most time-consuming and expertise-extensive tasks done in traditional FEA, enabling the analysis of fully-featured CAD assemblies in minutes without meshing.
ANIFORM VIRTUAL FORMING
Formability of composite laminates. AniForm Suite is an easy-to-use and accurate simulation tool to enable first-time-right process implementation. The software consists of a graphical user interface to define the process, and an implicit finite element solver to perform the calculations.
Filling, Packing and Warpage , 1K+2K parts. , Cooling ( FEM+BEM Solver know how ), DOE Solutions , Runner system modeling and design with calibrated Beams. High quality meshing with Hypermesh tools. Full Manual Moldflow Analysis report . Detailed analysis results including filling, clamp force, warpage, weld line temperatures and other tailor made calculations .
Product Development
- Engineering and Project Management Department - 100 Employees.
- Approved Validation Laboratories, fully equipped:
- Temperature cells
- Vibrates
- Unique equipment for Endurance
- Cleanliness
- Chemical Resistance
- Material Test capabilities.
- Function - Leak, flow, pressure, opening – all system function testing
- 3D printing machines for fast prototypes.
- In House Tool Shop for fast tooling (prototypes) and fixtures.
Renewable Energies / CO Footprint 2
We Committed to Better Environment
Raval production sites in Israel use green energy produced from solar panel fields at Raviv Solar Park
Information Security Policy
- ❑ The Information Security Policy is dedicated to:
- ensure compliance with all relevant laws and regulations
- protect company data and ensure the confidentiality, integrity and availability of the data
- safeguarding customers' and Suppliers' business, personal and financial information
by operating Information management system, Implementing regular security audits and strict access control to sensitive information based on role and necessity.
- ❑ The Information Security Policy applies to all sites HQ and branch offices, employees, contractors and third-party partners and include procedures for detecting, reporting and responding to security incidents.
- ❑ Certificates
- TiSAX (Trusted Information Security Assessment Exchange) EU automotive industry standard based.
- iSOX (Israeli Sarbanes-Oxley Act) Requires data security measures for publicly traded companies.
OEM Customers
Tier 1 Customers
Areas of Expertise
Raval is a global supplier for the automotive industry consisting two of expertise
- Vacuum Valves for brakes system thermoplastic structural and
- Controlled Valve for hybrid fuel tanks
- Pressure Relief/Breather Valves Replacement of metal structural
- ADAS Cleaning System Products
Automotive Automotive Light weight Systems Components
- Venting Systems for fuel tanks Development and Droduction of ▪ Head Lamp Cleaner functional parts in cars.
- (PRBV) parts with reinforced plastic parts ▪ Multi-Sensors Products with concern on weight saving.
Group core activity is based upon innovative solutions for regulatory requirements for weight reduction, higher passenger safety and clean environment.
Automotive Systems
- Venting Systems for fuel tanks
- Vacuum Valves for brakes system
- Head Lamp Cleaner
- Controlled Valve for hybrid fuel tanks
- Pressure Relief/Breather Valves (PRBV)
- Multi-Sensors Products
- ADAS Cleaning System Products
Automotive Systems, Products Offering
Strong IP and Engineering Capabilities to provide comprehensive solutions to Flow Management Systems (both Liquid & Gases).
Automotive Systems - Serial Production
- Fully Automated, high volume, product assembly lines.
- Testing 100% of production for at least 5 functional parameters.
- Full Product Traceability.
- Certified by all Industry Standards.
- High Performance Materials to tolerate extreme conditions.
- In house Injection Molding - 1K, 2K and Co-injection.
- In house Springs Production.
- All Welding options - Laser, Ultrasonic, Hot plate and Vibration.
- Tool Shop – Maintenance of Production Molds and Building Fast Tooling and Prototype Molds.
Automotive Systems, Controlled Valves (FTIV/VCV)
Automotive Systems, Pressure Relief/Breather Valves (PRBV)
Automotive Systems, Multi-Sensors Products
all micro electromechanical characteristics are embedded inside
Pressure | Strain | Flow | Temperature Conductivity | Humidity | Vibrations | Acoustic Viscosity | Turbidity | pH
Automotive Systems, ADAS Cleaning System Products
Automotive Systems, Products
Automotive Lightweighting Components
Development and Production of thermoplastic structural and functional parts in cars.
Replacement of metal structural parts with reinforced plastic parts with concern on weight saving.
Automotive Lightweight Components, Products Offering
- Engineering solutions to support the Automotive Industry Trend of:
- weight reduction
- reducing pollution
- improving fuel consumption
- increase driving range for ICE and Electrical Cars.
- Develop and produce reinforced plastic parts converting from metal parts.
▪ Product offering includes plastic based solutions for "Structural and Semi structural parts".
Automotive Lightweight Components - Serial Production
- Production sites around the globe
- High Performance Materials to tolerate extreme conditions.
- Integrated, high volume, product assembly lines.
- In house Injection Molding machines - 1K, 2K From 300T-2400T
- Welding options - Ultrasonic, Hot plate, Vibration.
- Full Product Traceability.
- Certified by all Industry Standards.
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Automotive Lightweight Components, Products
Automotive Lightweight Components, additional Products
Group Backlog(*)
As of 31/10/25, Euro in millions
| 2025(**) | 2026 | 2027 | 2028 | 2029 | 2030- 2033 |
Total | |
|---|---|---|---|---|---|---|---|
| Automotive Systems | 18 | 101 | 87 | 74 | 52 | 88 | 420 |
| Automotive Lightweighting Components |
19 | 86 | 108 | 104 | 92 | 417 | 825 |
| Total | 37 | 187 | 195 | 178 | 144 | 505 | 1,245 |
(*) As mentioned in sections 3.5.6 and 4.5.4 of the periodic report of the company for 2024, the above backlog don't constitute binding orders. For additional information please see section 3.5.6 of the periodic report of the company for 2024, which is provided herein by a reference.
Revenue Trends
EBITDA Trends
Income Statement, Summary
| 2020 | 2021 | 2022 | 2023 | 2024 | 1-9/2025 | |
|---|---|---|---|---|---|---|
| Revenue | 239.7 | 232.1 | 244.8 | 233.1 | 221.6 | 152.0 |
| growth | -3.2% | 5.5% | -4.8% | -5.0% | -9.3% (from 1-9/24) |
|
| Gross Profit | 61.2 | 53.4 | 49.1 | 44.3 | 44.1 | 32.3 |
| gross margins | 25.5% | 23.0% | 20.1% | 19.0% | 19.9% | 21.3% |
| Operating Profit | 25.6 | 19.5 | 11.2 | 10.0 | 10.7 | 8.9 |
| operating margins | 10.7% | 8.4% | 4.6% | 4.3% | 4.8% | 5.8% |
| Net Profit | 17.3 | 10.3 | 2.4 | 0.1 | 4.0 | 3.3 |
| EBITDA | 47.5 | 44.3 | 38.0 | 31.9 | 32.4 | 23.5 |
| EBITDA margins | 19.8% | 19.1% | 15.5% | 13.7% | 14.6% | 15.5% |
(*) Including impairment of assets in Arkal USA in the amount of EUR 1.8 millions and EUR 4.4 millions in 2021 and 2022, respectively.
RAVAL Income Statement, Summary
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|
| Revenue | 57.4 | 54.0 | 52.8 | 47.1 | 52.0 |
| growth | 4.6% | -5.8% | -2.2% | -10.9% | 10.5% (from Q2) |
| Gross Profit | 11.3 | 11.8 | 11.1 | 7.7 | 13.4 |
| gross margins | 19.7% | 21.8% | 21.1% | 16.5% | 25.8% |
| Operating Profit | 3.1 | 3.5 | 2.5 | 0.6 | 5.8 |
| operating margins | 5.4% | 6.4% | 4.7% | 1.3% | 11.1% |
| Net Profit | 0.7 | 2.3 | 0.8 | -1.5 | 4.0 |
| EBITDA | 8.3 | 9.4 | 7.5 | 5.5 | 10.6 |
| EBITDA margins | 14.5% | 17.3% | 14.2% | 11.6% | 20.3% |
Cash Flow, Summary
| 2020 | 2021 | 2022 | 2023 | 2024 | 1-9/2025 | |
|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 1-9/2025 | |
| Operating Cash Flow | 40.1 | 34.3 | 29.2 | 23.2 | 24.0 | 18.8 |
| Operating Cash Flow | 40.1 | 34.3 | 29.2 | 23.2 | 24.0 | 18.8 |
| Change in Working Capital | 10.1 | 2.7 | -8.4 | 7.0 | -8.3 | -0.6 |
| Change in Working Capital | 10.1 | 2.7 | -8.4 | 7.0 | -8.3 | -0.6 |
| Cash Flow From Operating Activity | 50.2 | 37.0 | 20.8 | 30.2 | 15.8 | 18.2 |
| Cash Flow From Operating Activity | 50.2 | 37.0 | 20.8 | 30.2 | 15.8 | 18.2 |
| Investment in Fixed Assets, Net | -11.3 | -10 | -6.4 | -6.4 | -7.3 | -4.2 |
| Investment in Fixed Assets, Net | -11.3 | -10 | -6.4 | -6.4 | -7.3 | -4.2 |
| Investment in Intangible Assets | -4.2 | -3.7 | -4.0 | -3.2 | -2.6 | -1.9 |
| Investment in Intangible Assets | -4.2 | -3.7 | -4.0 | -3.2 | -2.6 | -1.9 |
| Cash Flow From Investing Activity | -15.5 | -13.7 | -10.4 | -9.6 | -9.9 | -6.1 |
| Cash Flow From Investing Activity | -15.5 | -13.7 | -10.4 | -9.6 | -9.9 | -6.1 |
| Stock issue | 0 | 0 | 0 | -1.1 | -1.4 | - |
| Stock issue | 0 | 0 | 0 | -1.1 | -1.4 | - |
| Dividend | 0 | -18.2 | -5.1 | -5.0 | -5.0 | -3.7 |
| Dividend | 0 | -18.2 | -5.1 | -5.0 | -5.0 | -3.7 |
| Repayment of lease liability | -3.2 | -3.4 | -3.8 | -3.7 | -3.8 | -2.7 |
| Repayment of lease liability | -3.2 | -3.4 | -3.8 | -3.7 | -3.8 | -2.7 |
| Cash Flow From (For) Fin. Activity | -3.2 | -21.6 | -9.0 | -9.7 | -10.2 | -6.4 |
| Cash Flow From (For) Fin. Activity | -3.2 | -21.6 | -9.0 | -9.7 | -10.2 | -6.4 |
| Decrease (increase) in Loans, Net | 31.5 | 1.7 | 1.4 | 10.9 | -4.4 | 5.7 |
| Decrease (increase) in Loans, Net | 31.5 | 1.7 | 1.4 | 10.9 | -4.4 | 5.7 |
Balance Sheet, Summary
| 12/2020 | 12/2021 | 12/2022 | 12/2023 | 12/2024 | 09/2025 | |
|---|---|---|---|---|---|---|
| Working capital, net (*) | 43.8 | 45.7 | 52.7 | 46.5 | 60.3 | 54.9 |
| Fixed assets, net | 81.5 | 79.2 | 70.1 | 61.2 | 56.2 | 48.5 |
| Other assets, net | 23.7 | 22.3 | 21.1 | 19.7 | 17.2 | 18.1 |
| Right of use of assets | 20.0 | 19.2 | 18.4 | 15.9 | 14.1 | 16.0 |
| Deferred tax assets, net | 1.1 | 1.1 | 0.9 | 0.5 | 0.9 | 0.5 |
| Accrued reserve for severance payment, net | 1.0 | 1.1 | 1.2 | 1.3 | 1.4 | 1.4 |
| Financing lease | 18.6 | 18.4 | 19.5 | 16.4 | 15.0 | 15.9 |
| Convertible Bonds - Conversion Component | 0.8 | - | - | - | - | - |
| Debt, net (**) | 41.6 | 40.8 | 39.6 | 29.7 | 34.0 | 29.6 |
| Equity | 108.0 | 107.0 | 102.9 | 96.4 | 98.3 | 97.0 |
(*) Not including cash, cash equivalents and short-term loans
(**) Including cash, cash equivalents and short-term loans
Covenants
| September 30, 2025 September 2025 30 , |
|
|---|---|
| Net Debt Net Debt |
29.6 29 6 |
| Equity Equity |
97.0 97 0 |
| Total Assets Total Assets |
207.6 207 6 |
| Net Debt/EBITDA Net Debt/EBITDA |
1.0 1 0 |
|---|---|
| Equity/Total Assets Equity/Total Assets |
52.2% 52 2% |
(*) Not including IFRS 16 impacts as agreed with the banks.
Thank You
