Introducing Helesi

Helesi designs, manufactures and supplies high quality, plastic injection moulding products to the waste management industry worldwide. The company addresses global markets, which are driven by the increasing impact of rigorous environmental legislation implemented across the world. In addition to plastic waste containers, Helesi’s product line includes pallets and pallet boxes, pre sorting waste bins, stadium seats, material handling plastic products, including pallets and pallet boxes, fish and food crates.

Helesi is run by a strong management team, led by Managing Director Sakis Andrianopoulos, who has more than 17 years experience in waste management consulting for public authorities and municipalities. The company operates two, strategically located, state of the art production plants at Komotini, Northern Greece and a second production facility in Italy, Pisticci Scalo, Matera.

2007 was a successful year for Helesi, the first full year after its shares were admitted to the AIM market of the London Stock Exchange. The principal themes were a continuation of our organic growth, a clear focus on our 2006–2009 €83 million investment program and the acquisition in November of key businesses of the Perivallontiki Group.

2008 was a challenging year that included the completion of our €87 million investment program, the integration of the acquired businesses in the Vehicles Division and the commencement of the construction phase of the 10 year contract in Cyprus for Waste Management Services.

However we enter 2009 with expanded cost competitive manufacturing facilities, a waste management services business positioned for substantial growth and a vehicles and equipment business that now has the scale and resources to tender for the largest of projects in our area of geographical focus.

Milestones

Highlights 2009

Group revenues increased by 12% to €73.9 million (2008: €65.8 million): Profit before finance charges and tax €8.9 million (2008: €10.5 million) Net profit €2.8 million (2008: €6.6 million) as a result of increased cost of financing (€4.5 million compared to €3.2 million in 2008). Remains cash positive despite unprecedented trading conditions, with operating cash flow of €2.5 million (2008: €7.0 million). Transformation in scale of Vehicles division means Company now has critical scale for high margin supply and distribution of specialist waste collection vehicles both in Greece and Cyprus - fulfillment of two large contracts in 2009 Municipality of Athens contract, worth an initial €14.5 million, €10 million contract with the Prefecture of East Macedonia Thrace for the supply of specialist waste vehicles.

 

Competitive advantages

Strong Management Team Operational management expertise Waste management industry expertise Interests aligned with shareholders Ambitious for the company	Cutting Edge R & D Design of products/production process to: Decrease raw material & transportation costs Facilitate easy introduction of new product lines High quality standards which translate to contract wins
Diversified Product Offering Effective sales structure Extensive sales network Partnerships with local teams Flexible and lean sales force	Strategic Positioning Proximity to southern European and Middle East markets, where penetration is still low
Financial Highlights 2009
2009 Sales Breakdown by Geography