Royal Unibrew A/s · OMXCOP:RBREW
Royal Unibrew A/s — FY2022 Earnings Presentation
16 slides from Royal Unibrew A/s's earnings presentation, Mar 2, 2023
Slide 1: Royal Unibrew: 2022 Results Presentation
Copyright © 2023 by Royal Unibrew. All rights reserved. Royal Unibrew: 2022 Results Presentation Presented by Lars Jensen (President and CEO) and Lars Vestergaard (CFO) 2 March 2023 1
Slide 2: Disclaimer
This annual report presentation 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 with respect to the Group’s future operating results. Forwar
Slide 3: 2022 highlights
2022 highlights Unprecedented and Solid brand portfolio and Strategy and business model unexpected inflation strong business momentum intact; consolidating market in input prices shares across geographies Copyright © 2023 by Royal Unibrew. All rights reserved. Positive price/mix effect Successful ex
Slide 4: ESG highlights
ESG highlights Short-term ESG targets achieved • At least 40% of our marketing budget allocated to sustainability • 42% organic reduction of 2015 CO2 emissions per hectoliter • Targets achieved on recycled content of our packaging material We continue our transition to become fossil free CO2 reducti
Slide 5: Organic net revenue growth across key product categories
Organic net revenue growth: Significant growth demonstrated across all key product categories; particular growth achieved in the Energy Drinks category Copyright © 2023 by Royal Unibrew. All rights reserved. Energy Premium Low / No Sugar Low / No Alcohol RTDs, Ciders, Enhanced Waters Cocktails +34%
Slide 6: Input price inflation mitigated by price increases and efficiency improvements
Input price inflation will be continuously mitigated by a combination of price increases and efficiency improvements; at the same time ensure we continue to grow 2022 2023 Consumer shopping Workstream: We reduced the gap between COGS inflation expected We will narrow the gap behavior expected to be
Slide 7: 2022 results
2022 results Organic net Organic volume Organic EBIT EBIT margin Free cash flow Net debt revenue growth growth growth /EBITDA 2022 577 11% 1% (14%) 13.2% 2.2x results mDKK Copyright © 2023 by Royal Unibrew. All rights reserved. 2021 1,296 12% 9% 6% 18.9% 1.7x results mDKK 7
Slide 8: Copyright © 2023 by Royal Unibrew. All rights reserved.
8 Copyright © 2023 by Royal Unibrew. All rights reserved.
Slide 9: Significant net revenue growth from organic and inorganic growth
Significant net revenue growth unlocked by a combination of organic and inorganic growth activities Net revenue EBIT margin +31% -5.7% points 949 11,487 18.9 1,792 11% 16.1 8,746 20% (2.8) (1.5) 13.2 (1.4) Copyright © 2023 by Royal Unibrew. All rights reserved. mDKK mDKK 2021 net Inorganic Organic n
Slide 10: 2022 free cash flow
2022 free cash flow (mDKK) 506 1,997 1,491 -480 1,135 -382 Copyright © 2023 by Royal Unibrew. All rights reserved. -442 577 -116 Net profit Non-cash Cash flow before Changes in net Taxes and Free cash flow Cash used Repayment on Free cash adjustments changes in net working capital net financials fro
Slide 11: 2023 outlook
• In 2023, we expect an EBIT in the range of DKK 1,550-1,750 million based on a net revenue of DKK 13-14 billion • Guided revenue growth comes from acquisitions, extended partnerships and price/mix • We will safeguard profitability on a per hectoliter basis • Main factors impacting profitability: 20
Slide 12: Copyright © 2023 by Royal Unibrew. All rights reserved.
12 Copyright © 2023 by Royal Unibrew. All rights reserved.
Slide 13: Overall ESG KPIs
Overall ESG KPIs 13 Copyright © 2023 by Royal Unibrew. All rights reserved.
Slide 14: Management agenda
• Make sure that we close the gap between input price inflation and price increases • Monitor consumer behavior and market developments following price increases • Reduce discretionary spending while supporting growth Management agenda • Execute on integration of acquisitions; integration of Norway
Slide 15: Q&A Session
Q&A Session 15 Copyright © 2023 by Royal Unibrew. All rights reserved.
Slide 16: End: Royal Unibrew: 2022 Results Presentation
Copyright © 2023 by Royal Unibrew. All rights reserved. End: Royal Unibrew: 2022 Results Presentation Presented by Lars Jensen (President and CEO) and Lars Vestergaard (CFO) 2 March 2023 16