Grupo Nutresa S.a. · BVC:NUTRESA
Grupo Nutresa — Q1 2024 Earnings Presentation
13 slides from Grupo Nutresa's earnings presentation, April 2024
Slide 1: Grupo Nutresa Earnings Results 1Q 2024
Grupo Nutresa Earnings Results 1Q 2024
Slide 2: Highlights: Grupo Nutresa obtains international Investment Grade credit rating
Highlights: Grupo Nutresa obtains international Investment Grade credit rating • During the period, Fitch Ratings, assigned Grupo Nutresa a local and foreign currency issuer default rating (IDR; issuer default ratings) of 'BBB', with a stable outlook. • This places the company in the International I
Slide 3: Colombia & international sales
Colombia & international sales 1Q 2024 - 3,5% Q -16,3% * Colombia sales 683,4 P 7,7% Sales per business COP 2.617,4 -6,8% - 9,8% + 6,3% unit Billion COP - 20,1% - 12,9% 323,3 332,2 363,4 + 5,2% - 2,5% 363,4 214,6 - 14,1% Percentage variation in volume -Q and 200,7 Billion COP 135,9 prices -P % chg.
Slide 4: Total sales
Total sales 1Q 2024 Total sales Sales per business COP 4.307,0 -11,8% unit Billion COP - 14,8% - 5,2% 785,0 - 27,8% - 10,5% 715,2 633,4 643,8 - 14,1% + 2,0% Billion COP + 1,6% 448,8 401,8 335,8 - 2,5% - 12,9% 200,9 142,3 Biscuits Coffee Cold cuts Chocolates TMLUC Retail Food Ice Cream Pasta Other %
Slide 5: Sales by region
Sales by region 2024 United States 12,2% Mexico Convention 3,8% Cold cuts Biscuits Dominican Republic and the Caribbean 2,0% Chocolates 60,8% Central America Coffee Colombia 11,2% TMLUC Ice cream Venezuela Pasta Retail Food Colombia 60,8% Other 39,2% Production International Ecuador 1,0% Distributio
Slide 6: Raw materials: COGS breakdown and Commodities Index
Raw materials Grupo Nutresa Cogs Breakdown Commodities Index -GNCI 2024 GNCI - Market 150 147 1,3% Poultry Other 34,3% 140 2,3% Beef 130 2,9% Milk 120 117 121 5,1% Cocoa 110 112 100 107 4,8% Sugar 90 87 87 86 4,4% Oils&Fats 82 81 80 78 7,9% Pork 70 Coffee 15,1% 60 9,1% Wheat 2014 2015 2016 2017 2018
Slide 7: EBITDA
EBITDA 1Q 2024 EBITDA EBITDA per COP 622,4 -3,8% business unit Billion COP 14,4% 16,2% EBITDA Margin - 20,0% 15,5% + 38,6% 14,5% 112,7 - 0,1% 115,5 12,0% 21,9% 98,0 - 38,0% 14,2% + 7,1% 77,1 + 38,5% 73,6 21,1% Billion COP 57,2 + 27,4% 14,7% 5,6% 42,4 - 13,6% - 24,1% 20,9 25,0 Biscuits Coffee Cold cu
Slide 8: Income statement 1Q 2024
Income statement 1Q 2024 2024 1Q % Revenue 2023 1Q % Revenue % Var. Continuing operations Operating revenue 4.306.967 4.880.506 -11,8% Cost of goods sold -2.472.119 -57,4% -3.043.369 -62,4% -18,8% Gross profit 1.834.848 42,6% 1.837.137 37,6% -0,1% Administrative expenses -172.953 -4,0% -172.083 -3,5
Slide 9: Consolidated net debt
Consolidated net debt 4.000 3.311 3.334 3.500 3.036 2.808 2.906 3.000 2.596 2.709 Billion COP 2.441 2.419 2.479 2.500 2.000 1.500 1.000 500 0 Dec-15* Dec-16* Dec-17* Dec-18* Dec-19* Dec-20* Dec-21* Dec-22* Dec-23* Mar-24* Net debt 2.808 2.906 2.596 2.441 2.709 2.419 2.479 3.311 3.036 3.334 Net debt/
Slide 10: Contact
Contact Catherine Chacón Navarro Investor Relations Director 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.gruponutresa.com/en/co
Slide 11: Financial position (assets)
Financial position 2024 March 2024 December 2023 % Var. ASSETS Current assets Cash and cash equivalents 770.159 1.068.071 -27,9% Trade and other receivables, net 1.850.142 1.703.828 8,6% Inventories 2.139.773 2.232.801 -4,2% Biological assets 210.368 227.475 -7,5% Other assets 643.622 549.378 17,2%
Slide 12: Financial position (liabilities and equity)
Financial position 2024 March 2024 December 2023 % Var. LIABILITIES Current liabilities Financial obligations 743.243 757.727 -1,9% Right-of-use liabilities 180.549 179.891 0,4% Trade and other payables 1.626.049 1.924.834 -15,5% Tax charges 393.667 378.278 4,1% Employee benefits liabilities 270.635
Slide 13: Disclaimer
Disclaimer This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company´s management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason