Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — KRI KRI — Investor Presentation (May 2025)
16 slides from Kri-kri Milk Industry's investor presentation, May 2025
Slide 1: Investors presentation
Authentic products drive sustainable growth Investors presentation May 2025
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | Q1.2025 Kri Kri Legal Legal disclaimer 02 This presentation was prepared by KRI KRI S.A. The information contained herein has been obtained from company and external sources believed to be reliable, but not guaranteed as to its accuracy or completeness. The information contai
Slide 3: Slide 3
Slide 4: At a glance
INVESTOR PRESENTATION | Q1.2025 At a glance 04 Amounts in €m Yogurt 350 20,0% GR 76,0 75,9 EX 129,2 18,6% 2020 300* 18,0% 300 14,5% 62,4 97,5 16,0% 15,4% 15,8% 256 14,8% 72,6 250 14,0% 50,0 49,6 13,3% 216 54,7 49,8 12,5% 12,4% 14-15% 12,0% 200 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 172 10
Slide 5: History
INVESTOR PRESENTATION | Q1.2025 History 05 1987 A fully new and highly 2013 2016 2022 technological plant opened An unexpected fire broke out Marinopoulos SA, one of our The energy crisis, with much in a new area signifying on the yogurt production plant biggest customers in Greece of the countries
Slide 6: Segment review Yogurt exports
INVESTOR PRESENTATION | Q1.2025 Segment review Yogurt exports 06 Total Greek & Greek style Authentic Greek 3-month performance € 2,160m € 641m € 219m Sales +38.8% UK +9.0% val | +7.2% vol +22.1% val | 19.0% vol +48.5% val | 51.3% vol EBIT +9.2% Margin -4.8pp Key highlights Total Authentic Greek • St
Slide 7: Segment review Yogurt Greece
INVESTOR PRESENTATION | Q1.2025 Segment review Yogurt Greece 07 KriKri branded Total share Market structure 3-month performance € 270m 13.4% val • Fragmented, highly competitive Sales +3.5% +0.8% val | 4.4% vol 11.7% vol • Stable in value EBIT -46.8% • Consumers shift to PL • KriKri is the leading p
Slide 8: Segment review Ice cream (Greece + exports)
INVESTOR PRESENTATION | Q1.2025 Segment review Ice cream (Greece + exports) 08 KriKri branded Total share Market structure Key highlights € 285m 14.0% val • Consolidated • Expansion of domestic sales network Greece +6.7% val | 8.3% vol 11.6% vol • “Lower trade” channel captures the largest • Success
Slide 9: Exports growth prospects I Greek yogurt
INVESTOR PRESENTATION | Q1.2025 Exports growth prospects I Greek yogurt 09 Established markets Developing markets • Operating in highly growing segments • Austria • France • Scandinavia Greek-style Authentic Greek +11.8% +48.5% Yogurt exports sales split • Growth at high rates is likely to continue
Slide 10: Frozen yogurt in USA
INVESTOR PRESENTATION | Q1.2025 Frozen yogurt in USA 10 Key Highlights Risks • Launched in September 2024 • Tariffs • Presence in 250 stores • No material impact on results • In progress, to sign a contract with a large retailer for private label frozen yogurt, starting on early 2026
Slide 11: Estimates for 2025
INVESTOR PRESENTATION | Q1.2025 Estimates for 2025 11 Total sales are expected to reach Sales Growth IFRS - €m 2025e 2024 Δ% 2023 2022 2021 €300m in 2025. Sales 300 256,4 17,0% 216,3 171,8 134,6 EBIT 42 - 45 37,2 40,3 4,0 16,7 EBIT % 14%-15% 14,5% 18,6% 2,3% 12,4% EBIT margin is expected between Pro
Slide 12: Dividend
INVESTOR PRESENTATION | Q1.2025 Dividend 12 50 0,45 45 0,40 40,3 40 37,6 0,35 2024 2023 2022 2021 2020 35 0,30 EBT (m) 37,6 40,3 4,0 16,7 18,6 30 0,25 EAT (m) 34,5 32,3 3,2 13,2 15,9 25 0,20 EPS 1,04 0,98 0,10 0,40 0,48 20 18,6 16,7 0,15 DPS 0,40 0,35 0,20 0,20 0,20 15 10 0,10 4,0 0,05 Payout ratio
Slide 13: Share information
INVESTOR PRESENTATION | Q1.2025 Share information 13 Share information Shareholders’ structure Contact information Tsinavos Family : 69,8% KRI KRI S.A. MILK INDUSTRY Market: Main market Institutionals abroad : 12,4% 3rd km Serres-Drama Sector: Food & Beverage Serres Institutionals domestic : 11,4% P
Slide 14: Investment proposal summary
INVESTOR PRESENTATION | Q1.2025 Investment proposal summary 14 Investment One of the few listed companies globally with clear exposure to the Greek Yogurt investment theme. High returns and dividend payments to shareholders. Management An experienced and loyal management team that has led KRI
Slide 15: Appendix: Financial Results
INVESTOR PRESENTATION | Q1.2025 Appendix: Financial Results 15 Profit and Loss Statement (amounts in million Euro) Margins Q1.2025 Q1.2024 Δ% yoy Q1.2025 Q1.2024 Sales 66,4 52,5 26,5% Gross Profit 18,2 16,6 9,4% 27,4% 31,6% Operating Expenses 9,1 8,0 14,4% 13,8% 15,2% EBITDA 10,5 9,9 6,5% 15,8% 18,8
Slide 16: State subsidies on CAPEX projects
INVESTOR PRESENTATION | Q1.2025 State subsidies on CAPEX projects 16 Tax reliefs Greek yogurt dynamo amounts in m€ 2025 2026 2027 Its total budget is €52.2m, with 3-year planned implementation period. Tax relief total 4,70 3,27 2,08 The project’s scope: • to increase the production capacity of, both