Slide 1: Q1 2022 Interim Management Statement
wD Q1 2022 Interim Management Statement 28 April 2022
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Group’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends, cash flow, n
Slide 3: Q1 IMS 2022
Q1 IMS 2022 Edmond Scanlon Marguerite Larkin Chief Executive Officer Chief Financial Officer © Kerry 2022 | 3 |
Slide 4: Continued Strong Business Growth through the First Quarter
Continued Strong Business Growth through the First Quarter Delivered Strong Growth And Strategic Development 6.6% 12.9% 6.3% Volume¹ Price¹ Organic¹ Against a Volatile Market Backdrop Inflationary Environment | Supply Chain Challenges | Geopolitical Events © Kerry 2022 | 4 | ¹ Like-for-like (LFL) gr
Slide 5: Group Financial Overview
Group Financial Overview LFL Volume Growth 6.3%¹ EBITDA Margin Net Debt +10bps €2.3bn Volume Growth 5.6% © Kerry 2022 | 5 | ¹ Like-for-like (LFL) growth rates exclude the Consumer Foods Meats & Meals business disposal
Slide 6: Group Revenue Analysis
Group Revenue Analysis Q1 2021 Q1 2022 8.1% Translation Acquisitions Currency Volume Price 5.4% 4.0% 5.6% 5.8% Disposals LFL Volume LFL Price 6.3%¹ 6.6%¹ (12.7%) © Kerry 2022 | 6 | ¹ Like-for-like (LFL) growth rates exclude the Consumer Foods Meats & Meals business disposal
Slide 7: Business Review – Taste & Nutrition
Business Review – Taste & Nutrition Continued good growth in the retail channel and excellent growth in foodservice T&N Volume Growth → Volumes +6.8% driven by strong growth across developed markets → Pricing +4.6% reflecting increases in raw material input costs 8.5% → Food EUMs of Meat, Bakery and
Slide 8: Taste & Nutrition Business Performance by Region
Taste & Nutrition Business Performance by Region Americas Europe APMEA +6.7% +8.5% +6.2% → North America growth led by → Growth in the region led by Meat, → Growth driven by performance in Meat, Bakery and Meals markets Dairy and Beverage markets the Middle East and Southeast Asia, partially offset
Slide 9: Business Review – Dairy Ireland
Business Review – Dairy Ireland Solid growth as business saw significant price inflation across the period → Volume +0.7%¹ with growth across Dairy Consumer Products and Dairy Ingredients → Pricing +18.7%¹ reflected significant increases in dairy prices and raw material costs → Dairy Consumer Produc
Slide 10: Other Matters
Other Matters Raw materials Further increases in input costs through H2 Ukraine, Russia c. 1.2% of annual Group revenue & Belarus Currency 2022 EPS translation outlook of c. +6% © Kerry 2022 | 10 |
Slide 11: Outlook and Future Prospects
Outlook and Future Prospects → Our markets remain highly dynamic with a good overall demand environment despite current uncertain market conditions in places → The Group is confident in its ability to manage the current inflationary cycle through its well-established pricing model and cost initiativ
Slide 12: Appendix
i» | Appendix |
Slide 13: Revenue Growth Rates - Reported and Like-for-like
Revenue Growth Rates - Reported and Like-for-like Volume LFL Volume LFL Q1 2022 Price Growth Growth Price Taste & Nutrition 6.8% 6.8% 4.6% 4.6% Dairy Ireland 0.4% 0.7% 9.6% 18.7% Group 5.6% 6.3% 5.8% 6.6% © Kerry 2022 | 13 | Like-for-like growth rates exclude the Consumer Foods Meats & Meals busines
Slide 14: Q1 2022 Interim Management Statement
wD Q1 2022 Interim Management Statement 28 April 2022