Grupo Nutresa S.a. · BVC:NUTRESA
Grupo Nutresa — Q3 2026 Earnings Presentation
22 slides from Grupo Nutresa's earnings presentation, October 2026
Slide 1: Grupo Nutresa 3Q 2026 Financial Results
Grupo Nutresa 3Q 2026 Financial Results
Slide 2: Disclaimer
DISCLAIMER This document contains forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason they
Slide 3: Relevant Highlights
Relevant Highlights 3rd Quarter in Review • Total volumes for the quarter were up 2.5%, driven by positive figures both in Colombia and internationally. Consolidated sales were COP 5.1 trillion (-3.4%), impacted by the 20% appreciation of the Colombian peso. In USD, sales grew 21.2% to USD 1,596 mil
Slide 4: Total Sales – 3Q 2026
Total Sales – 3Q 2026 - 1,2% Percentage variation in volume -Q and COP 5.097,5 - 3,4% - 19,6% Q 2,5% Billion COP 1.004,2 prices -P 916,9 P -5,7% % chg. YoY Billion COP + 8,4% - 15,6% USD 1.596,4 21,2% Million USD 804,2 791,1 Billion COP + 7,5% + 8,7% 450,8 + 19,0% 401,2 301,3 - 9,8% + 29,9% 208,1 21
Slide 5: Colombia & international sales – 3Q 2026
Colombia & international sales – 3Q 2026 + 9,4% Colombia sales 779,9 COP 3.442,6 8,8% + 20,0% Billion COP - 6,3% - 4,2% 498,0 457,3 + 15,0% 435,3 + 19,0% + 15,4% USD 1.078,2 36,5% 340,7 + 29,9% Million USD 301,3 278,2 - 1,6% Billion COP 219,7 132,3 Convention +9,4% % YoY COP variation 779,9 COP Sale
Slide 6: Total Sales – Accumulated
Total Sales – Accumulated COP 15.376,4 0,4% + 5,5% Percentage variation in volume -Q and - 9,8% Q 1,2% prices -P Billion COP 3.017,0 3.061,2 % chg. YoY Billion COP P -0,8% USD 4.409,7 18,8% - 13,2% + 6,9% Million USD 2.361,7 2.368,6 Billion COP + 8,5% + 14,5% 1.316,5 + 17,7% 1.151,6 - 8,3% + 23,2% 8
Slide 7: Colombia & international sales - Accumulated
Colombia & international sales - Accumulated + 8,5% Colombia sales 2.292,8 COP 10.046,1 11,6% + 22,8% + 6,4% - 0,9% Billion COP 1.440,9 1.369,5 1.348,9 + 15,5% Billiion COP + 17,7% + 26,0% USD 2.886,1 32,2% 966,0 859,8 + 23,2% Million USD 773,2 - 2,0% 601,9 393,1 Convention +8,5% % YoY COP variation
Slide 8: Sales by region
Sales by region 2026 United States 11,5% Conventions Mexico 2,2% Cold cuts & Proteins Biscuits Dominican Republic and the Caribbean 1,7% Chocolates 65,3% Central America Coffee Colombia 9,0% Ice cream Pasta Colombia 65,3% Retail Food Other Ecuador 1,6% Food Service Production 34,7% International Per
Slide 9: Grupo Nutresa Commodities Index – GNCI
Commodities Grupo Nutresa Cost Breakdown rolling year Commodities Index –GNCI 2026 Denominated in USD GNCI - Market 250 240 1,0% Poultry 230 Other 37,7% 220 209 1,9% Milk 210 200 2,3% Beef 190 180 176 170 166 3,3% Sugar 160 150 4,2% Oils&Fats 140 130 121 6,0% Wheat 120 117 110 107 100 112 6,3% Pork
Slide 10: EBITDA 3Q 2026
EBITDA 3Q 2026 23,0% EBITDA per 18,3% business unit + 2,8% 16,6% 181,8 + 26,3% - 18,3% 167,6 16,8% 167,0 Excl. non-recurrent expenses + 4,4% COP 929,8 3,6% 27,8% Billion COP 134,9 + 23,0% 111,7 USD 291,6 31,8% Million USD Billion COP 14,2% 19,8% + 19,8% + 3,6% EBITDA Margin 64,0 59,7 15,5% 18,2% - 1
Slide 11: EBITDA Accumulated 2026
EBITDA Accumulated 2026 24,0% EBITDA per 18,2% 17,8% business unit + 21,5% + 35,2% + 0,9% 567,3 549,3 19,3% 543,8 + 26,9% Excl. non-recurrent expenses COP 2.933,3 20,7% 457,7 27,3% Billion COP + 49,3% USD 839,8 43,9% Billion COP 314,1 22,0% Million USD 13,6% + 9,5% + 34,5% EBITDA Margin 188,8 16,4%
Slide 12: Consolidated net debt
Consolidated net debt 25.000 20.000 COP 1.000.000.000 1.944 1.061 2.109 999 1.116 15.000 998 981 2.653 3.443 1.159 1.107 696 1.085 1.023 3.038 3.050 1.286 2.152 2.088 729 887 4.765 1.376 1.674 10.000 4.352 11.704 11.271 11.010 5.000 10.331 10.024 8.385 8.139 0 Bidge loan Bonds principal Bonds Hedges
Slide 13: Consolidated Debt – Principal Maturity
Consolidated Debt – Principal Maturity 5.229.862 5.000.000 4.500.000 4.000.000 3.403.166 3.500.000 3.000.000 5.011.845 2.500.000 5.011.845 2.088.269 2.000.000 1.500.000 1.000.000 741.961 490.050 1.314.897 500.000 400.000 159.659 105.857 13.024 218.017 - 2026 2027 2028 2029 2030 2031 2032 2033 2034 2
Slide 14: Contact
Contact Catherine Chacón Navarro Director - Corporate Finance and Strategy e-mail: cchacon@gruponutresa.com Tel: -+574 325 8731 www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": http://www.gruponut
Slide 15: Appendix
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Slide 16: Income statement 3Q 2026
Income statement 3Q - 2026 COP MM % Expenses FX effects 2026-09 % % Expenses FX effects 2025-09 % %Var % Var No 2026-09 not realized NRE* and 2025-09 NR* NRE* and NRE* and NR* not realized unrealized FX unrealized FX unrealized FX Operating revenue 5.097.469 100,0% 0 0 5.097.469 100,0% 5.277.189100,
Slide 17: Income statement Accumulated
Income statement Accumulated COP MM % Expenses FX effects 2026-09 % % Expenses FX effects 2025-09 % %Var % Var No 2026-09 not realized NRE* and 2025-09 NR* NRE* and NRE* and NR* not realized unrealized FX unrealized FX unrealized FX Operating revenue 15.376.433 100,0% 0 0 15.376.433 100,0% 15.315.45
Slide 18: Financial position – Assets
Financial position 2026 September 2026 December 2025 % Var. ASSETS Current assets Cash and cash equivalents 2.141.867 3.195.196 -33,0% Financial asset measured at amortized cost 220.979 102.540 N/A Trade receivables and other account receivables, net 2.207.714 2.108.177 4,7% Inventories 2.475.726 2.
Slide 19: Financial position – Liabilities
Financial position 2026 September 2026 December 2025 % Var. LIABILITIES Current liabilities Financial obligations 2.101.877 902.519 132,9% Loans from related parties 0 6.836 N/A Right-of-use liabilities 164.044 158.714 3,4% Trade payables and other payables 2.050.254 2.370.452 -13,5% Tax charges 865
Slide 20: Profitability Accumulated – COP/USD
Profitability Accumulated – COP/USD EBITDA EBITDA Margin Business COP MM %Var 2026 2026 NRE* 2025 2025 NRE* %Var 2026 2026 NRE* 2025 2025 NRE* NRE* Coffee 535.409 549.337 377.170 406.427 42,0% 35,2% 17,7% 18,2% 11,3% 12,2% Biscuits and Snacks 527.565 543.758 516.996 538.854 2,0% 0,9% 17,2% 17,8% 17,
Slide 21: Yearly Average Exchange Rates
YEARLY AVERAGE EXCHANGE RATES AVERAGE EXCHANGE RATES PER YEAR USD/CURRENCY AVERAGE CROSS EXCHANGE RATES PER YEAR CURRENCY/COP AVERAGE EXCHANGE AVERAGE EXCHANGE AVERAGE EXCHANGE AVERAGE EXCHANGE COUNTRY CURRENCY RATES FOR THE YEAR RATES FOR THE YEAR VAR. % COUNTRY CURRENCY RATES FOR THE YEAR RATES FO
Slide 22: Contact
Contact Catherine Chacón Navarro Director of Corporate Finance and Strategy e-mail: cchacon@gruponutresa.com Tel: -+574 325 8731 www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": http://www.gruponu