Savola Group · TADAWUL:2050
Savola — FY2024 Earnings Presentation
32 slides from Savola's earnings presentation, Mar 19, 2025
Slide 1: Savola Group Earnings Presentation FY2024
Savola Group www.savola.com Earnings Presentation | FY2024 Date: 19-03-2025
Slide 2: Disclaimer
DISCLAIMER This presentation might contain forward-looking statements which may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections
Slide 3: Savola Group Highlights
JgOLA SAVOLA Savola Group Highlights + f =—Yy
Slide 4: Savola Group – Delivering Value and Maximizing Possibilities in 2024
Savola Group – Delivering Value and Maximizing Possibilities in 2024 ▪ Reported revenues of SAR 24.0 bn for FY 2024, remaining largely in line with prior year revenue of SAR 24.1 bn. This resilience reflects the strong Our Core Continues to Deliver performance of Panda and Al Kabeer offsetting the i
Slide 5: Savola Group – Reported & Consolidated Financial Highlights
Savola Group – Reported & Consolidated Financial Highlights Margin SAR in mn FY-23 FY-24 FY-23 FY-24 -0.7% -1.8% Revenue 24,150 23,987 Gross Profit 5,046 4,957 20.9% 20.7% +2.0% NM EBITDA 3,015 3,074 Net Income 9,974 899 12.5% 12.8% 3.7% 41.6% Adjusted Net Income* 912 873 * Adjustments explained in
Slide 6: Revenue Bridge & Adjusted Net Income Bridge By Business
Savola Group – Revenue Bridge & Adjusted Net Income Bridge By Business Revenue Bridge by Business1 Net Income Bridge by Business SAR in mn SAR in mn -4.3% -0.7% 24,150 NM 23,987 (453) 46 (49) (1) 9,974 293 912 899 (9,102) 873 (12) 11,149 (2,103) (4) 108 (125) 50 FY 2023 Others / FY 2024 FY 2023 Adju
Slide 7: Savola Group – Revenue Mix, Net Debt & Capex
Savola Group – Revenue Mix, Net Debt & Capex SAR in mn Revenue by Business1 Revenue by Geography2 FY-23 FY-24 FY-23 FY-24 6% 3% 3% 9% 4% 6% 5% 5% 15% 16% 50% 49% 42% 43% 69% 74% Savola Foods Panda Al Kabeer Herfy Arabia Egypt Iran Others YoY Growth -3.7% 2.8% 6.5% -4.2% 1.5% -9.0% -52.9% -8.3% Loans
Slide 8: Savola Foods – Reported to Adjusted Net Income
Savola Foods – Reported to Adjusted Net Income SAR in mn FY 2023 Net Income FY 2024 Net Income 349 Discontinued Operations (19) 488 195 29 72 (115) 192 311 (18) 249 (23) 452 (1,651) 1,163 FY 2023 - Sugar Egypt Morocco Afia Custom Other One- FY 2023 - FY 2024 - Iran Sudan Impairments Egypt Sugar- Mun
Slide 9: Panda – Reported to Adjusted Net Income
Panda – Reported to Adjusted Net Income SAR in mn FY 2023 Net Income FY 2024 Net Income 47 154 (17) 137 (47) Breakeven FY 2024 - Reported Impairment Reversal FY 2024 - Adjusted FY 2023 - Reported Impairment Reversal FY 2023 - Adjusted Total Adjustments = SAR 47mn Total Adjustments = SAR 17mn Note: n
Slide 10: Group HQ & Other Adjustments
Savola Group HQ & Other Adjustments SAR in mn FY 2023 FY 2024 (422) 10,705 (11,267) (445) 23 76 20 86 (380) FY 2023 - Reported Other One Offs FY 2023 - Adjusted FY 2024 - Net Gain on Al Kabeer Brand Sukuk Others One Offs FY 2024 - Reported HQ Almarai Impairment Settlement Adjusted Adjustments Distri
Slide 11: Our journey of value creation shall continue
Savola Group – Our journey of value creation shall continue 1 Intensify focus on high growth food businesses in MENA • Strong operational expertise, with solid brands and quality businesses under its umbrella • Benefits from an operating model underpinned by a robust end-to-end infrastructure networ
Slide 12: Key Focus Areas in 2025
Key Focus Areas in 2025 Continuously evaluate and capitalize on value creation opportunities across the entire portfolio through strategic management and optimization ▪ Refreshed and renewed strategy under “AAA” ▪ Undergoing implementation of new strategy ▪ Focus on Grocery retail OMNI channel pilla
Slide 13: Financials Summary – FY 2024
Financials Summary – FY 2024 (All figures are in SAR mn) 1 Segment Wise Financials FY 2024 FY 2023 Adjusted Net Adjusted Net Revenue Gross Profit EBIT EBITDA Net Income Adjustments Revenue Gross Profit EBIT EBITDA Net Income Adjustments Income Income Savola Foods Oil Arabia2 2,913 486 98 257 42 (84)
Slide 14: Q&A
Q&A 14
Slide 15: Savola Foods Company
JgOLA SAVOLA Savola Foods Company + f auc Ul FoOdS anu —Yy, Jgols 15
Slide 16: Savola Foods – Reported & Consolidated Financial Highlights
Savola Foods – Reported & Consolidated Financial Highlights Margin SAR in mn FY-23 FY-24 FY-23 FY-24 -3.7% -8.3% Revenue 12,397 11,944 Gross Profit 1,959 1,796 15.8% 15.0% -2.5% 452 EBITDA 1,218 1,188 Net Income (1,651) 9.8% 10.0% 3.6% NM Adjusted Net Income* 488 349 * Details provided on slide 8 No
Slide 17: Savola Foods – Oil Segment Analysis
Savola Foods – Oil Segment Analysis SAR in mn Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income -6% 7,561 7,122 -5% -10% 1,259 1,326 3,323 1,255 2,913 -12% 1,131 -10% 782 520 673 702 536 +3% 486 -28% 417 257 -38% 4,238 4,209 337 -1% 806 719 -11% 645 +10% 295 586 445 +22% 365 -86% 42 42 -160 N
Slide 18: Savola Foods – Sugar Segment Analysis
Savola Foods – Sugar Segment Analysis SAR in mn Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income +1% 3,644 3,602 +6% 1,353 2,958 3,160 +7% 1,281 -19% 1,185 449 1,102 +8% +7% 364 322 300 213 645 203 -5% 97 159 +65% 484 -25% 152 NM 179 167 -7% 27 236 203 161 -32% 162 -20% 125 73 +174% -80 -7 F
Slide 19: Savola Foods – Pasta Segment Analysis
Savola Foods – Pasta Segment Analysis SAR in mn Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income -4% 549 528 +6% 235 221 +43% 102 71 +78% 61 34 +10% 15 17 FY-23 FY-24 FY-23 FY-24 FY-23 FY-24 FY-23 FY-24 FY-23 FY-24 Gross Profit / 15 Ton (SAR) 322 435 Adjusted Net Income 38 Note: numbers are
Slide 20: Savola Foods – Nuts, Spices And Pulses Segment Analysis
Savola Foods – Nuts, Spices And Pulses Segment Analysis SAR in mn Revenues Gross Profit EBITDA Net Income +12% 505 +11% 449 167 151 +1% 77 77 UAE 58 -81% 11 Adjusted Net Income 58 52 +57% 118 75 +393% KSA 31 (Relaunch Segment) -24 6 -120 -39 NM -185 NM FY-23 FY-24 FY-23 FY-24 FY-23 FY-24 FY-23 FY-24
Slide 21: Panda Retail Company
Panda Retail Company JgOLA SAVOLA — 21
Slide 22: Panda – Reported & Consolidated Financial Highlights
Panda – Reported & Consolidated Financial Highlights Margin SAR in mn Q1-23 Q1-24 Q2-23 Q2-24 Q3-23 Q3-24 Q4-23 Q4-24 FY-23 FY-24 +2.8% +3.2% +5.4% +0.1% +2.5% 10,331 10,625 3,118 3,218 2,567 Revenue 2,298 2,299 2,479 2,541 2,436 +5.5% +2.8% +7.7% +7.0% +4.1% 2,558 2,698 673 640 638 656 676 728 Gros
Slide 23: Panda – Reported & Consolidated Financial Highlights
Panda – Reported & Consolidated Financial Highlights Margin SAR in mn Q1-23 Q1-24 Q2-23 Q2-24 Q3-23 Q3-24 Q4-23 Q4-24 FY-23 FY-24 +21.8% +22.7% +25.1% +18.2% +26.6% 284 788 966 EBITDA 231 219 233 197 233 185 173 5.9% 7.2% 7.5% 9.5% 9.4% 11.2% 8.1% 9.1% 7.6% 9.1% NM -16.3% 33 6 154 Net Income 57 (14)
Slide 24: Panda – Number of Stores
Panda – Number of Stores Super Hyper 147 62 0 0 62 131 16 Dec-23 Additions Closures Dec-24 Dec-23 Additions Closures Dec-24 Total Dec-23 Dec-24 ▪ 15 new stores in KSA and 1 new Net Selling Area Net Selling Area store in Egypt during FY 2024 537.3k m2* 541.7k m2 ▪ Total store count: 203 stores in KSA
Slide 25: Al Kabeer
Al Kabeer =—Yy (nei Al Kabeer
Slide 26: Al Kabeer – Reported & Consolidated Financial Highlights
Al Kabeer – Reported & Consolidated Financial Highlights Margin SAR in mn Q1-23 Q1-24 Q2-23 Q2-24 Q3-23 Q3-24 Q4-23 Q4-24 FY-23 FY-24 +9.1% +6.5% +2.8% +11.1% +2.0% 230 714 760 211 169 197 Revenue 164 161 164 177 +6.5% -0.1% +7.2% +6.2% +16.5% 249 265 Gross Profit 78 78 69 73 54 57 48 56 36.8% 33.8%
Slide 27: Al Kabeer – Reported & Consolidated Financial Highlights
Al Kabeer – Reported & Consolidated Financial Highlights Margin SAR in mn Q1-23 Q1-24 Q2-23 Q2-24 Q3-23 Q3-24 Q4-23 Q4-24 FY-23 FY-24 +4.0% -7.3% +2.2% +13.8% +14.1% 93 32 30 89 EBITDA 17 17 30 15 27 13 15.3% 13.0% 10.2% 10.1% 8.3% 9.3% 15.0% 15.4% 12.5% 12.2% -5.8% -14.9% -9.2% +4.8% +37.5% 70 66 2
Slide 28: Savola Group — Way Forward
JgOLA SAVOLA Savola Group — Way Forward + f =—Yy 28
Slide 29: Foods Company – Refreshed Strategy: Accelerate, Acquire, Advance
Savola Foods Company – Refreshed Strategy as business needs and strategic intent evolved “ABCD” Strategy “AAA” Strategy 2019 - 2024 2025 & ONWARDS ANCHOR BET HOW WE HOW WE GROW DIVERSIFY Example: Example: Accelerate Acquire Advance Transforming Investment / “Afia” acquisition of “Munchbox” Accelerat
Slide 30: Panda Strategy
Panda Strategy Strengthen market leadership in targeted Strategic segments by delivering unmatched value for Pillars money and outstanding customer experience • Keep strategic focus on grocery retail to fuel growth and sustain profitable growth by Core Retail Excellence continuing to be the nation-w
Slide 31: Al Kabeer – Institutionalized and redefined its identity
Al Kabeer - In last few years, the company has institutionalized, redefined its identity and continued to implement strategic measures for a sustained future growth Brand Revamp and New Logo Launched in Nov 2023 New Packaging New Logo Institutionalization Brand Revamp • Undertook a thorough institut
Slide 32: Thank you
Jgola SAVOLA Thank you vola.com 32