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Turpaz Industries Ltd. Investor Presentation 2026
7098_rns_2026-03-11_cd0cf7e2-7648-4e74-8f9c-6f99526c91d3.pdf
Investor Presentation
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This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer. .
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This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer. .
Disclaimer
This presentation was prepared by Turpaz Industries Ltd. (the "Company") for the sole purpose of conveying information regarding the Company and its subsidiaries (together with the Company "Turpaz Group"). This presentation does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase any securities of the Company and is intended to provide information only. This presentation is not intended to replace the need to review the Company's full reports to the Securities Authority and the Tel Aviv Stock Exchange Ltd. including, inter alia, the Company's periodic and immediate reports (hereinafter: "Company Reports") prior to making a decision regarding investment in the Company's securities.
In addition, this presentation cannot replace investment consulting by a lawfully licensed investment consultant.
This presentation includes statements data, forecasts, goals and Company plans that are "forward-looking statements", as defined in the Securities Law - 1968, whose occurrence is not certain, and which are not solely in the Company's control.
These forward-looking statements are included, inter alia, in discussions of strategy, objectives, goals, plans, events, future intentions or other information relating to future events or issues whose occurrence is not certain.
By their nature, forward-looking statements involve risk and uncertainty. Whether the forward-looking information occurs or not is affected, inter alia, by risk factors characteristic to the Company's operations and developments in the general environment and external factors which impact the Turpaz Group and its area of activities.
Subject to the requirements of applicable law, the Company does not intend to update any industry information or forward-looking statements appearing in this presentation and is not required to publish any additional presentations for its shareholders in future.
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Experienced Management Team
Israel Leshem
Chairperson
Karen Cohen Khazon
CEO
Guy Gill
EVP & CFO
Ari Rosenthal
VP, Global Food Division
Tamar Wolf
VP, Business Development
Michal Zlotnikov
VP, Human Resource
Shir Kesselman
VP, Global Fragrance Division
Lee Reuveni
VP, Specialty Fine Ingredients & Citrus Division
Ariel Lavi
VP, Legal M&A
Shauli Eger
VP, CIO
TURPAZ
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Turpaz At a Glance
$275.1M
Revenue (2025)
23.1%
Adj. EBITDA Margin
26
Acquisitions
0.5X
Net Debt / EBITDA
4,300+
Customers
Growth
- Clear roadmap to double sales every 4 years (or less)
- Strong operating leverage
- Synergies Leveraging & Cross-selling
M&A Experience
- Proven M&A growth experience
- Value-accretive acquisitions
- Active expansion pipeline
Financial Profile
- Rapid YOY growth
- Expanding EBITDA margins
- Strong cash generation
- Deleveraging balance sheet
Market
- SMB focus
- Premiumization & clean-label trends
- RTD and natural ingredient demand
TURPAZ
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Turpaz Global Presence 2025
Rapidly scaling global F&F group through organic growth and strategic M&A
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26 Successful Acquisitions in 9 Years
Consistently adding high-quality synergistic acquisitions that expand our global footprint with strong acquisition pipeline
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Strategy & Vision
Double sales every 4 years to Become one of the Top-10 F&F Companies
Unlocking Synergies to Drive Innovation, improve Speed-to-Market and Cross-Selling
Scaling Our Global Footprint Through Synergetic M&A and Strategic Partnerships
Thinking Global Acting Local: Leveraging Best-in-Class Know-How to Accelerate SMB Growth
TURPAZ
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F&F | Market and Industry Trends
F&F Market is estimated at USD 40B in 2025 and is Projected to reach USD 53B by 2031
Industry Trends
| SMB is the growing segment | Agility and flexibility suits the SMB segment of the market | |
|---|---|---|
| Growth of RTD products | Acquisitions in beverages enhance the group's ability to capture this trend | |
| Fine fragrances expand to beauty & home | Crasse presence drives premium product development | |
| Natural & Functional Products | Natural and functional expertise drives clean-label growth |
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2025 Highlights (US $)
| Record Sales
$275.1M
+45.6% | Strong Double Digit
Organic Growth
13.3% | Adj. EBITDA / Margin
$63.5M / 23.1%
+47.8% |
| --- | --- | --- |
| Cash Flow from Operations
$40.7M | Gross Profit / Margin
$110.0M / 40.0%
+49.4% | Net Profit / Margin
$22.7M / 8.2%
+42.4%
Net Profit (Non-GAAP) / Margin
$36.4M / 13.2%
+56.0% |
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Double Digit Growth 2021-2025
Sales, EBIT and Adj. EBITDA (M US $):
Adj. EBITDA - EBITDA without non-recurring expenses or income.
*EBIT net one-off income from the fire event
TURPAZ
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Q4 2025 Highlights (US $)
| Record Sales
$74.7M
+35.8% | Strong Double Digit
Organic Growth
10.5% | Adj. EBITDA / Margin
$16.6M / 22.2%
+31.2% |
| --- | --- | --- |
| Cash Flow from Operations
$14.2M | Gross Profit / Margin
$30.1M / 40.3%
+40.3% | Net Profit / Margin
$6.0M / 8.1%
+32.7%
Net Profit (Non-GAAP) / Margin
$10.1M / 13.6%
+52.9% |
TURPAZ
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Double Digit Growth Q4 2021-2025
Sales, EBIT and Adj. EBITDA (M US $):
Adj. EBITDA - EBITDA without non-recurring expenses or income.
*EBIT net one-off income from the fire event
TURPAZ
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2025 Segment Performance
| In K US $ / % | Net Sales % Growth | Operating Profit % of sales | ||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Taste | 194,699 | 43.6% | ||
| 9.0% | ||||
| Organic | 135,542 | 37,568 | ||
| 19.3% | ||||
| 23,579 | ||||
| 17.4% | ||||
| Fragrance | 49,434 | 43.5% | ||
| 8.6% | ||||
| Organic | 34,945 | 12,840 | ||
| 26.0% | ||||
| 9,092 | ||||
| 26.0% | ||||
| Core Business | 244,133 | 43.2% | ||
| 8.9% | ||||
| Organic | 170,487 | 50,408 | ||
| 20.6% | ||||
| 32,671 | ||||
| 19.2% | ||||
| Specialty Fine Ingredients | 31,036 | 68.1% | ||
| 65.6% | ||||
| Organic | 18,464 | 3,648 | ||
| 11.8% | ||||
| 3,052 | ||||
| 16.5% |
TURPAZ
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Q4/2025 Segment Performance
| Net Sales % Growth | Operating Profit % of sales | |||
|---|---|---|---|---|
| In K US $ / % | Q4/2025 | Q4/2024 | Q4/2025 | Q4/2024 |
| Taste | 51,988 | 26.0% | ||
| 7.0% | ||||
| Organic | 41,271 | 9,045 | ||
| 17.4% | ||||
| Fragrance | 15,712 | 87.6% | ||
| 16.5% | ||||
| Organic | 8,376 | 3,891 | ||
| 24.8% | ||||
| Core Business | 67,700 | 43.2% | ||
| 9.0% | ||||
| Organic | 49,647 | 12,936 | ||
| 19.1% | ||||
| Specialty Fine Ingredients | 6,967 | 30.8% | ||
| 26.5% | ||||
| Organic | 5,328 | 686 | ||
| 9.8% |
TURPAZ
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Financials
| P&L & Cash Flow ($K) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenues | 275,148 | 188,948 | 127,355 |
| Gross Profit | 110,021 | 73,659 | 49,613 |
| % Gross Profit | 40.0% | 39.0% | 39.0% |
| Operating Expenses | 66,591 | 45,927 | 31,433 |
| Operating Profit | 43,430 | 27,732 | 18,180 |
| % Operating Profit | 15.8% | 14.7% | 14.3% |
| Net Profit | 22,655 | 15,910 | 12,894 |
| % Net Profit | 8.2% | 8.4% | 10.1% |
| EBITDA | 62,948 | 41,599 | 27,277 |
| Adjusted EBITDA(*) | 63,504 | 42,975 | 27,761 |
| % Adjusted EBITDA | 23.1% | 22.7% | 21.8% |
| Cash flow from operations | 40,661 | 21,116 | 14,709 |
- Adj. EBITDA - Adjusted to reflect EBITDA without non-recurring expenses or income
** Net Debts + Short and long-term loans from banks and other less cash and cash equivalents
*** EBITDA on Proforma basis.
| Balance Sheet ($K) | 31.12.2025 | 31.12.2024 |
|---|---|---|
| Assets | ||
| Current Assets | 257,749 | 123,719 |
| Non-Current Assets | 456,185 | 267,031 |
| Total Assets | 713,934 | 390,750 |
| Liabilities & Equity | ||
| Current Liabilities | 114,473 | 70,136 |
| Non-Current Liabilities | 306,022 | 176,368 |
| Equity | 293,439 | 144,246 |
| Total Liabilities and Equity | 713,934 | 390,750 |
| Ratios | ||
| Working Capital to Revenues | 26.6% | 27.2% |
| Cash and Cash Equivalent | 143,095 | 25,926 |
| Net Debts(*) | 36,200 | 75,992 |
| Equity to total balance sheet | 41.1% | 36.9% |
| Net Debt to EBITDA(**) | 0.5 | 1.6 |
TURPAZ
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Summary
Building a Global Leader in Flavors & Fragrances
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3/11/2026 5:52:26 AM