Slide 1: Q1 2021 Interim Management Statement
Q1 202 Interim )- \=/- Management | Statement N — 29 April 2021
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Group’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends, cash flow, n
Slide 3: Q1 IMS 2021
Q1 IMS 2021 Edmond Scanlon, Marguerite Larkin, Chief Executive Officer Chief Financial Officer © Kerry 2021 | 3 |
Slide 4: Good Business Momentum Through the First Quarter
Good Business Momentum Through the First Quarter T&N Retail Channel T&N Foodservice Channel T&N Momentum Sustained good growth led by Good overall recovery in APMEA, → Significant improvement strong performances across while increased restrictions through the period with strong Beverage, Snacks and
Slide 5: Q1 2021 Financial Overview
Q1 2021 Financial Overview Volume Pricing Trading Net Debt growth 0.5% profit margin €1.9bn 1.9% (50bps) © Kerry 2021 | 5 |
Slide 6: Group Revenue Analysis
Group Revenue Analysis Q1 Q1 2020 2021 (3.5%) Volume Volume Translation currency 3.6% Acquisitions 1.9% Transaction (6.7%) currency Price 1.0% (0.2%) 0.5% © Kerry 2021 | 6 |
Slide 7: Business Review – Taste & Nutrition
Business Review – Taste & Nutrition Good growth in retail channel, with foodservice returning to growth by the end of the quarter → Volume growth of 2.0% driven by performance in APMEA T&N Quarterly Volumes → Retail channel delivered 5.9% volume growth – led by Beverage, Snacks and Meals EUMs → Food
Slide 8: Taste & Nutrition: Business Performance by Region
Taste & Nutrition Business Performance by Region Americas Europe APMEA 0.4% (2.4%) 11.7% → North America retail delivered strong growth → Retail delivered overall growth – → Strong growth across the period – led by Beverage, Snacks and Meals led by Meat and Dairy EUMs driven by performance in China
Slide 9: Business Review – Consumer Foods
Business Review – Consumer Foods Strong Underlying Volume Growth → Volume growth of 1.0% – strong performance given stocking in previous quarter Everyday Fresh → Richmond – good performance in meat sausage range → Spreadable butter performed well → Snacking range delivered strong growth driven by me
Slide 10: Future Prospects
Future Prospects Outlook Taste & Nutrition: strong growth prospects in the retail channel, with continued recovery in foodservice, underpinned by a very good innovation pipeline and strong customer engagement Consumer Foods: good growth outlook supported by continued innovation and the strength of o
Slide 11: Q1 2021 Interim Management Statement
Q1 202 Interim )- \=/- Management | Statement N — 29 April 2021
Slide 12: Appendix – Breakdown of Q1 Volumes
Appendix – Breakdown of Q1 Volumes Divisional Breakdown Q1 2021 Taste & Nutrition 2.0% Regional Breakdown Q1 2021 Consumer Foods 1.0% Americas 0.4% Group 1.9% Europe (2.4%) APMEA 11.7% Channel Breakdown Q1 2021 Retail 5.9% Foodservice (8.2%) © Kerry 2021 | 12 |