REG - Accsys Technologies - Investor Strategy Day

Accsys TechnologiesAnnouncement

30/01/2025 07:00

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RNS Number : 1938V  Accsys Technologies PLC  30 January 2025

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 (mailto: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 (http://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
(http://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 (http://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.

 

 

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