Selecta Half-Year Report 2023

MARGIN EXPANSION

• Price increase on track, H1 landed c.6%, supporting further Gross margin recovery
• Cost discipline and structural productivity gains lead to Adj. EBITDA margin of 18.9%, up +1.8pp

EBITDA GROWTH

• Adjusted EBITDA of €116.2m, up +18.2%
• Reported EBITDA of €107.0m, up +21.6%
• Strong pricing initiatives and structural cost savings

STRONG EBITDA GROWTH AND MARGIN EXPANSION H1 2023 FINANCIAL SUMMARY

• Robust net sales growth of 7.2% fueled by pricing actions and new client wins
• Gross margin stable at 59.2% through pricing, assortment and productivity actions
• Structural productivity gains and cost discipline lead to Adjusted EBITDA margin expansion of +1.8pp
• Continued growth of LTM Adj. EBITDA up +8.9% vly reached €234.6m
• Strong growth of Reported EBITDA as a result of higher Adj. EBITDA and transformation actions normalising
• Strong FCF due to cash generation action plan 35.7% conversion contributing to robust liquidity