Grupo Nutresa S.a. · BVC:NUTRESA
Grupo Nutresa — Q1 2022 Earnings Presentation
31 slides from Grupo Nutresa's earnings presentation, August 2022
Slide 1: Grupo Nutresa: A future together
Abril 2022 GRUPO NUTRESA A future together
Slide 2: 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 management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason t
Slide 3: Our Higher Purpose
Our Higher Purpose To build a better world where development is for everyone 3
Slide 4: In which industry do we participate?
¿In which industry do we participate? WELLNESS, NUTRITION, & PLEASSURE THRU FOOD 4
Slide 5: Scale: one of the largest food companies in Latin America
One of the largest food Scale companies in Latin America Our Core Strengths 2021 MARKET CAP OF Business Model 13,1 ~ 3,3 SALES COP trillion USD billion 47,2K 12,3K 12,7 2021 People Employees Outside Colombia COP trillion ~ 3,2 USD billion EBITDA Margin 12,0% Brands 19 53,7% Brands sell more than Con
Slide 6: Corporate Structure
Corporate Structure Biscuits Cold Cuts Chocolates Coffee TMLUC Retail Food Ice Cream Pasta Other Food Service International sales & distribution network 6
Slide 7: Geographical Footprint
Geographical Foodprint Sales by región 2021 USA 11,4% 82,2% Mexico of sales 3,0% from fast-growing emerging markets Dominican Republic & the Caribbean 1,9% Central America 10,2% 47 61,1% Venezuela Production Colombia Facilities 61,1% Colombia 17 Total number of countries with distribution network, E
Slide 8: Expansion & market development
Expansion & market development 1,9 USD BILLION Invested in 25 Successful acquisitions in 11 countries since Year 2000 15 acquisitions outside Colombia (USD 1,3 B). 2 International joint ventures 8
Slide 9: Pursuing a long-term value model
Pursuing a long-term value model Through a clear, solid strategy Pursuing a long-term vale model Sustainability Digital Strategy Health & Wellness Investment in leading Effective innovation and Investment in new business models to Efficiency and brands and portfolio high-growth productivity evolutio
Slide 10: Market Share
Market Share Market Share Consolidated market share in Colombia: 53,7% BISCUITS COLD CUTS CHOCOLATES COFFEE TMLUC ICE CREAM PASTA RETAIL FOOD 50,6% 57,5% Chocolate Roast and ground ICB* (A) Ice cream 53,3% #1 confectionery (A) 70,5% coffee (A) 50,7% 61,0% #1 in Hamburgers and Steakhouses Pasta (B) c
Slide 11: Our Business Model
Our Business Model OUR BRANDS OUR TALENT OUR DISTRIBUTION NETWORKS Our brands are leaders in the We promote participative environments, Our broad distribution network and markets where we participate as they the development of skills focused on market entry capabilities, with a are widely recognized
Slide 12: Portfolio of leading brands
Portfolio of leading brands 20 brands with sales over USD 50 million In Colombia, 20 leading brands generate 70,9% of sales 1947 brands with sales over Leading brands USD 50 in the region million 12
Slide 13: Effective Innovation
Effective Innovation Addressing consumer trends Effective Innovation INNOVATION-BASED GROWTH 17,2%* Innovation-driven sales/ 2021 total sales 13
Slide 14: Our Talent
Our Talent Top 2 company in terms of talent attraction and retention in Colombia 47.199 Employees 28,882 18,317 Direct Employees Third-party employees United States 1,6% Mexico Central America 36% 64% 3,7% 10,3% Women Men Colombia Ecuador 73,8% 0,4% Peru 2,2% Organizational climate at a level of exc
Slide 15: Go-to Market Capabilities
Go-to Market Capabilities Distribution • #1 Roast and Ground and liquid Supermarket • Leading collaborative model with retailers all Industrial Chains 4,9% 24,0% coffee exporter from Colombia across the region • Leader in Premium and Certified • Includes discounters Coffees from Colombia + 1,5 MM PO
Slide 16: Digital Transformation
Digital Transformation Digital transformation is a fundamental part of an assertive, proactive and innovative corporate model focused on offering better experiences to both shoppers and consumers. Talent and Exploration of New capabilities Go-to market culture-related new technologies under developm
Slide 17: Risk Management Model
Risk Management Model Regulation in nutrition Business execution Volatility in and health matters in due to a highly commodity prices the countries where competitive Grupo Nutresa operates environment 17
Slide 18: 2030 Strategic Objectives
2030 Strategic Objectives Our strategy aims to double our 2020 revenues by 2030, while obtaining returns higher than the cost of capital employed. This strategy will be managed by talented, innovative, productive, committed and responsible people, who contribute to sustainable development. To achiev
Slide 19: 2030 Strategic Objectives
2030 Strategic Objectives 100% execution Greater ROIC of the geography than the cost of development plan the capital 100% Revenue 20% of the increase DEVELOPMENT revenues COMPETITIVENESS through digital OF 50% from GEOGRAPHIES channels leading for consumers brands CATEGORIES, and clients BRANDS, NET
Slide 20: Our value creation model
Our value creation model Doubling our 2020 revenues by 2030 Efficiency & productivity to boost Capital allocation focused fast- - 7,2% CAGR - while obtaining sustained margin expansion and growing platforms returns higher than the cost of capital working capital Value creation for all stakeholders 2
Slide 21: Sustainable Development
“ Sustainable Development Waa =“ | Furure nuttesa ite ETHER 21
Slide 22: Sustainability
Sustainability Cooperating with people, our partners and society Preserving our planet Inspiring development, growth We understand it as a corporate and innovation capacity to prosper, based on the identification and comprehensive management of risks and opportunities in the economic, social and env
Slide 23: Best qualification in sustainability indices
#1 in 2021 WE OBTAINED THE BEST QUALIFICATION IN: Cooperating with people, our Preserving the planet Inspiring growth, development and partners and society innovation ● ● Materiality ● Health & nutrition Environmental reporting ● Customer relationship management ● ● Operational eco-efficiency Social
Slide 24: Health and Nutrition
Health and Nutrition 100% 74% 88,7% The Organization achieved the Reformulations completed in 2019, of the product portfolio 2020 objective of adjusting the including reductions in the contents of includes front-panel labeling portfolio’s nutritional profile (3,216 sodium, nitrites, saturated fats a
Slide 25: Financial Results
Financial Results 25
Slide 26: Colombia & international sales 1Q2022
Colombia & international sales 1Q2022 Colombia sales + 27,6% Q 11,2% * 610,5 Sales per COP 2.207,5 26,5% P 14,7% Billion COP business unit + 31,5% + 17,7% + 23,4% + 42,0% 314,2 318,3 + 21,3% + 16,7% 273,8 Percentage variation in volume (Q) and 243,9 + 34,7% prices (P) 167,4 Billion COP 158,2 120,9 %
Slide 27: Sales total 1Q2022
Sales total 1Q2022 Sales total Sales per business COP 3.597,4 27,0% unit Billion COP + 23,7% + 27,7% Organic 654,1 640,7 + 36,8% COP 3.552,7 25,4% Billion COP + 21,0% 577,3 530,1 + 18,4% + 39,5% 332,7 Billion COP 323,9 + 24,5% 254,8 + 16,7% 158,2 + 38,6% 125,6 Cold cuts Biscuits Chocolates Coffee TM
Slide 28: Raw materials: COGS breakdown and commodities index
Raw materials Grupo Nutresa Cogs Breakdown Commodities Index (GNCI) 2022 15,2% Coffee 170 14,5% Packing material Other 35,7% 150 7,7% Pork 127 6,2% Wheat 130 4,7% Cocoa 110 113 4,6% Oils 112 107 90 95 4,1% Sugar 87 87 86 3,2% Beef 70 82 81 78 2,8% Milk 50 1,4% Poultry 2012 2013 2014 2015 2016 2017 2
Slide 29: EBITDA 1Q2022
EBITDA 1Q2022 EBITDA EBITDA per COP 468,1 17,8% business unit Billion COP 16,6% + 27,2% Margin EBITDA 11,2% 88,0 13,0% + 8,6% 10,1% 10,7% 73,0 + 11,6% + 2,4% 20,5% 64,6 61,7 + 16,4% 12,6% + 26,6% 52,2 19,6% 9,9% Billion COP 40,9 + 14,6% 19,1% + 37,9% 31,0 + 59,7% 32,8 24,0 Cold cuts Biscuits Chocola
Slide 30: Income statement 1Q2022
Income statement 1Q2022 2022 1Q % Revenues 2021 1Q % Revenues % Var. Continuing operations Operating revenue 3.597.442 2.833.700 27,0% Cost of goods sold (2.223.204) -61,8% (1.646.174) -58,1% 35,1% Gross profit 1.374.238 38,2% 1.187.526 41,9% 15,7% Administrative expenses (144.729) -4,0% (118.928) -
Slide 31: Contact
Catherine Chacon For additional information visit: CONTACT Investor Relations Director (+574) 3258731 cchacon@gruponutresa.com https://gruponutresa.com/en/inversionistas/grupo-nutresa-valuation-kit-gnvk/ www.gruponutresa.com 31