AIM: AXS
Euronext Amsterdam:
AXS
30
January 2025
Accsys Technologies
PLC
("Accsys", the "Group" or the "Company")
Investor Strategy
Day
FOCUS strategy sets out
vision for growth
Accsys, the
world's leading
supplier of premium, high performance and sustainable wood building
materials, is today holding its
Investor Strategy Day at its site in Arnhem, NL
The Senior Leadership Team, led by Dr Jelena Arsic
van Os, Chief Executive Officer and Sameet Vohra, Chief Financial
Officer, will set out the Group's FOCUS strategy together with
operational and financial performance targets.
FOCUS
The FOCUS strategy is designed to build on the
Company's global manufacturing footprint in Arnhem and Kingsport to
deliver strong financial and operational performance. The strategy
is structured across three phases, each with clear operational and
financial performance targets aimed at maximising shareholder
value:
· Phase One
"Transform and improve" (up to end of FY27). This phase will focus
on sustainable, profitable growth from existing assets, maintaining
a lean and efficient cost structure and debt reduction. The Company
is targeting a run rate sales volume of 100,000m³ by the end of the
period and expects the Kingsport production facility to be
profitable in FY26.
· Phase Two
"Optimise" (FY28-FY30). The focus during this phase will be on
implementing operational efficiencies to deliver the full capacity
of the two plants, with a continuous focus on debt reduction driven
by strong free cash flow generation. The Company is targeting a run
rate sales volume of 120,000m³ by the end of FY30 and will also
optimise the Accoya Color production footprint.
· Phase Three "Grow"
(post FY30). The Company plans to pursue growth opportunities with
further capital investment, leveraging at that time, the proven US
expansion model.
The Group will target to maintain its gross margin of
30% throughout Phases 1 and 2 and will target an Adjusted Group
EBITDA Margin* of 12% by the end of Phase 1, increasing to 15% by
the end of Phase 2. The Company has also set a target of at least
75% operating cashflow conversion.
As part of the strategy, the Company will outline the
operational, product innovation and commercial plans to achieve the
FOCUS strategy.
Jelena Arsic van Os, CEO Accsys Technologies
commented: "We are excited to
unveil the details of our FOCUS strategy, which will deliver a
fundamentally strong, cash generative and profitable business.
Accsys is at an inflection point having established a global
manufacturing footprint and is now moving into a new and exciting
phase of growth. At the core of our strategy is unwavering focus on
our customers, ensuring that we continue to innovate and enhance
further their experience with Accsys.
Our strategy has the potential to drive significant
and sustainable shareholder value. This is a pivotal time for the
Company, and we are looking forward to sharing our vision for the
future."
A recording of the presentation will be made available
on the website (www.accsysplc.com) following the event.
* Adjusted
EBITDA is defined as operating profit/(loss) before exceptional
items and other adjustments, depreciation and amortisation, and
includes the Group's 60% share of the JV's EBITDA
Ends
Enquiries:
Investor Relations / Analysts:
ir@accsysplc.com
Media: Clemens Sassen,
Tessa Nelissen, Huijskens Sassen Communications (NL)
+31
(0) 20 68 55 955
Deutsche Numis (London): Oliver Hardy (NOMAD), Ben
Stoop
+44 (0) 20 7260
1000
ABN
Amro (Amsterdam): Richard van
Etten, Dennis van
Helmond
+31 20 344 2000
Notes to editors:
Accsys (Accsys Technologies
PLC) is a fast-growing business with a purpose: changing wood to
change the world. The company combines chemistry, technology and
ingenuity to make Accoya® wood and Tricoya®
wood chips: high performance wood products that are extremely
durable and stable, opening new opportunities for the built
environment and giving the world a choice to build sustainably.
Accsys transforms fast-growing, certified sustainable wood into
building materials with an up to 50-year warranty, locking carbon
stored in the wood into useful products for decades, with
performance characteristics that match or better those of
non-renewable, resource-depleting and polluting alternatives.
Accsys is listed on the London Stock Exchange AIM market and on
Euronext Amsterdam, under the symbols 'AXS'.
Accsys is a Participant of the
United Nations Global Compact and adheres to its principles-based
approach to responsible business.
Visit www.accsysplc.com
Accoya® solid wood is
sustainable, durable, and stable with exceptional performance,
finish and sustainability. Accsys' proprietary acetylation process
makes the wood more dimensionally stable and because it is no
longer easily digestible, extremely durable. It is one of very few
building materials to be Cradle to Cradle Certified™ at the Gold
level, with a Platinum rating for Material Health, confirming that
no harmful or toxic additives or chemicals are present to leach out
into the environment. Primary applications for Accoya®
wood include windows, doors, cladding and decking, where the
combination of performance and sustainability benefits compete
favorably against hardwoods, plastics, metals and concrete.
Visit www.accoya.com
Tricoya® acetylated
wood elements are produced for use in the fabrication of panel
products such as medium density fibreboard (MDF). Panel products
made with Tricoya® wood elements are truly durable and
stable enough for use outdoors and in wet environments, unlocking
new possibilities for design and construction. They have been
lauded as the first major innovation in the wood composites
industry in more than 30 years and bring the flexibility of
traditional panel products and sustainability benefits of wood to a
whole new range of applications. Visit www.tricoya.com
Any references in this announcement
to agreements with Accsys shall mean agreements with either Accsys
or its subsidiary entities unless otherwise specified. 'Accsys' and
'Accsys Technologies' are trading names of Titan Wood Limited
("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC.
Accoya®,
Tricoya® and the Trimarque Device
are registered trademarks owned by TWL, and may not be used or
reproduced without written permission from TWL, or in the case of
the Tricoya® registered brand
trademark, from Tricoya Technologies Limited, a subsidiary of TWL
with exclusive rights to exploit the Tricoya®
brand.
