Royal Unibrew A/s · OMXCOP:RBREW

Royal Unibrew A/s — Q3 2022 Earnings Presentation

15 slides from Royal Unibrew A/s's earnings presentation, 2022

  1. Slide 1: Q3 2022 Trading Statement Presentation

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation By Lars Jensen (CEO) and Lars Vestergaard (CFO)

  2. Slide 2: Disclaimer

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 2 Disclaimer This Trading Statement contains forward-looking statements, including statements about the Group’s sales, revenue, earnings, spending, margins, cash flows, inventories, products, actions, plans, strategies, objectives and guidance wit

  3. Slide 3: Q3 2022 key highlights

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 3 Q3 2022 key highlights • Strong underlying business momentum • Our growth formula works • Our key brands are gaining market shares • We will continue to invest to drive growth • EBIT outlook still imply a solid growth of 9% compared to pre-COVID

  4. Slide 4: Accumulated COGS inflation outpacing accumulated price increases

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 4 Accumulated COGS inflation Accumulated price increases DKKm Illustrative 1.600 Accumulated COGS 1.400 inflation outpacing accumulated price 1.200 increases at the 1.000 moment 800 600 400 200 0 Q1 22 Q2 22 Q3 22 Q4 22e Q1 23e Q2 23e Q3 23e Q4 23

  5. Slide 5: EBIT bridge Q1-Q3 2022

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 5 EBIT bridge Q1-Q3 2022 (DKKm) -10% 1.346 143 511 -64 81 1.210 1.129 -155 -651 Q1-Q3 21 COGS Pricing Mix/vol Freight, Cost Q1-Q3 M&A Q1-Q3 22, inflation International 22, org. reported

  6. Slide 6: Revenue and EBIT margin bridge Q1-Q3 2022

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 6 Revenue and EBIT margin bridge Q1-Q3 2022 Q1-Q3 2023 revenue Q1-Q3 EBIT margin +37% -7.2pp 14% 8.669 21,2% 23% -2,2% 6.339 -3,3% 14,0% -1,7% Q1-Q3 2021 M&A Organic Q1-Q3 2022 Q1-Q3 Base Organic M&A Q1-Q3 2021 effect 2022

  7. Slide 7: Investments in people and sales & marketing into the Italian organization

    ROYAL UNIBREW Investments in marketing into the people and sales & Italian organization Jan-21 Feb-21 -7,3 12,3 Mar-21 15,0 1,0 5,5 Source: IRI Data, Off-Trade Apr-21 16,1 14,3 May-21 16,7 12,0 Ceres growth vs market Crodo growth vs market Jun-21 26,9 Jul-21 19,3 16,6 4,0 Aug-21 10,0 12,1 Sep-21 14,

  8. Slide 8: Increased freight costs in International business unit

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 8 DKKm 120 110 Increased 100 90 freight costs in 80 International 70 business unit 60 50 40 (accumulated y/y changes) 30 20 10 0 May-21 Jan-21 Mar-21 Sep-22 Nov-22 Nov-21 Jul-22 Sep-21 Jul-21 Jan-22 May-22 Jan-23 Mar-22

  9. Slide 9: 2022 outlook

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 9 2022 outlook • Net revenue now in the upper-half of the range of DKK 10,700 – 11,700 million • EBIT of around DKK 1,600 million • More prudent expectation for the development in consumers’ general out-of-home spend rest of year • Fully open On-T

  10. Slide 10: Management agenda

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 10 Management agenda • Passing on COGS increases • Reduce discretionary spending, while supporting growth • Retain solid underlying growth • Securing right capacity levels to support growth • Planning to insource volumes to Amsterdam Brewery in Q2

  11. Slide 11: Q&A

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 11 Q&A

  12. Slide 12: Appendix

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 12 Appendix

  13. Slide 13: Resilient volumes and solid pricing

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 13 Resilient volumes and solid pricing Strong top-line growth • Strong topline development with 2% (Q1-Q3: 2%) organic volume growth and 12% (Q1-Q3: 14%) organic revenue growth • Organic EBIT decline of 20% (Q1-Q3: -16%) driven by input price incr

  14. Slide 14: Free cash flow Q1-Q3 2022 (mDKK)

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 14 Free cash flow Q1-Q3 2022 (mDKK) Q1-Q3 2021: 1,068 560 42 -166 1,504 -270 1,234

  15. Slide 15: Thank you for your attention

    ROYAL UNIBREW Q3 2022 Trading Statement Presentation 15 Thank you for your attention

Royal Unibrew — Q3 2022 Earnings Presentation on 6ix