Ebro Foods Sa · BME:EBRO
Ebro Foods Sa — FY2024 Earnings Presentation
14 slides from Ebro Foods Sa's earnings presentation, Feb 25, 2025
Slide 1: Letter to the National Securities Market Commission
TO THE NATIONAL SECURITIES MARKET COMMISSION Madrid, 25 February 2025 Ref.: presentation announced this morning, relating to the results of Ebro Foods Group for 2024. In pursuance of section 227 of the Securities Market Act, Ebro Foods, S.A. hereby publishes as OTHER RELEVANT INFORMATION the present
Slide 2: 2024 Results
Ebro 2024 RESULTS F arroz INTEGRAL [
Slide 3: Contents
CONTENTS 1. INTRODUCTION 2. BUSINESS UNIT RESULTS 2024 2.1 Rice 2.2 Pasta 3. CONSOLIDATED GROUP RESULTS 2024 3.1 P&L 3.2 Debt Performance 4. CONCLUSION 5. CORPORATE CALENDAR 2025 6. CALCULATION OF ALTERNATIVE PERFORMANCE MEASURES 7. LEGAL DISCLAIMER
Slide 4: 1. Introduction
1. Introduction An exceptional performance in Q4 drove EBITDA-A to a record EUR413 million, further strengthening our position at the forefront of the market. We have successfully overcome the raw materials and logistics inflationary challenges. Prices for the latest aromatic rice crop fell due to e
Slide 5: 2.1.1 Rice 2024
2.1.1 Rice 2024 Basmati rice prices improved in 2024. However, the positive impact on overall costs was partially offset by rising transport costs. In Andalusia, 66% of the available crop area was planted, but yields fell as a result of high salinity levels. Moreover, a rise in available supply inte
Slide 6: 2.1.2 Rice 2024
2.1.2 Rice 2024 Sales in the rice division increased to EUR2,454.0 million, thanks to higher volumes in most markets. In terms of CAGR 24/22, this figure is up by 2.6%. We continue to step up advertising investment to support new launches for all our brands. Advertising increased by 8.1% to EUR61.5
Slide 7: 2.2.1 Pasta 2024
2.2.1 Pasta 2024 Fresh pasta had an exceptional year, posting very strong financial results and further cementing its foothold in the market. This success was partly thanks to solid sales growth by Bertagni in strategic markets. Lustucru also saw success with the launch of its new skillet range, sol
Slide 8: 2.2.2 Pasta 2024
2.2.2 Pasta 2024 Turnover grew 6.1% to EUR691.8 million, thanks to increased volumes. Advertising grew 10.7% to EUR34.9 million, in order to support new product launches. The Division's EBITDA-A grew 15.6% to EUR104.5 million. The EBITDA-A margin grew by 1.2 p.p to over 15.1%. The exchange rate had
Slide 9: 3.1 P&L 2024
3.1 P&L 2024 The consolidated sales figure grew by 1.8% to EUR3,140.5 million, thanks to the strong performance of our brands. EBITDA-A grew by 6.7% to EUR413.1 million. The EBITDA-A margin grew to 13.2%, with improvements in both divisions. Currency had almost no impact on this result. In geographi
Slide 10: 3.2 Debt Performance
3.2 Debt Performance We ended 2024 with Net Debt standing at EUR593.2 million, EUR22.8 million higher than in December 2023. In relation to this debt, we should note that: (i) the put options that we have with minority shareholders of certain businesses amount to EUR330 million, which is EUR60 milli
Slide 11: 4. Conclusion
4. Conclusion We have successfully overcome a range of difficult conditions, including the major flood (DANA) in Algemesí, rising transport costs, delayed completion of CAPEX investments and the lack of maintenance personnel in the US and Northern Europe. In doing so, we have ensured operational con
Slide 12: 5. Corporate Calendar
5. Corporate Calendar As part of Ebro’s commitment to complete transparency, below we provide our Corporate Calendar for 2025: 25 February Presentation of YE 2024 Results 1 April Four-month payment of ordinary dividend (EUR0.23/share) 30 April Presentation of Q1 2025 results 30 June Four-mon
Slide 13: 6. Calculation of Alternative Performance Measures
6. Calculation of Alternative Performance Measures According to the guidelines set by the European Securities and Markets Authority (ESMA), the following is a list of the indicators used in this report. These indicators are currently and consistently used by the Group to describe its business perfor
Slide 14: 7. Legal Disclaimer
7. Legal Disclaimer This presentation contains our true understanding to date of estimates on the future growth in the different business lines and the global business, market share, financial results and other aspects of business activity and the positioning of the Company. All the data included in