Alicorp Saa · BVL:ALICORC1

Alicorp Saa — Alicorp — Q1 2025 Earnings Presentation

16 slides from Alicorp Saa's earnings presentation, Apr 30, 2025

  1. Slide 1: Earnings Call First Quarter 2025

    EARNINGS CALL FIRST QUARTER 2025 April 30, 2025

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation may contain financial or business projections regarding recent acquisitions, their financial or business impact, management expectations and objectives regarding such acquisitions and current management expectations on the operating and financial performance of The Compa

  3. Slide 3: Topics

    TOPICS CONSOLIDATED OPERATING RESULTS 1 OPERATING RESULTS BY BUSINESS 2 LIQUIDITY AND BALANCE SHEET 3 OUR VIEW FOR 2025 4

  4. Slide 4: Consolidated Operating Results

    CONSOLIDATED OPERATING RESULTS

  5. Slide 5: Gross profit increased primarily driven by higher volume in Aquafeed and B2B

    CONSOLIDATED OPERATING RESULTS Consolidated Adjusted GROSS PROFIT – Q1 ‘25 vs. Q1 ‘24 PERFORMANCE SUMMARY – ADJUSTED GROSS PROFIT1 PEN million GROSS PROFIT INCREASED 452 +32% 594 PRIMARILY DRIVEN BY HIGHER VOLUME IN OUR AQUAFEED +32% AND B2B UNITS 111 784 53 AQUAFEED 592 13 15 RECOVERY IS EXPLAINED

  6. Slide 6: Strong adjusted EBITDA YoY growth driven by higher gross profit

    CONSOLIDATED OPERATING RESULTS Consolidated Adjusted EBITDA – Q1 '25 vs. Q1 '24 PERFORMANCE SUMMARY – ADJUSTED EBITDA1 PEN million STRONG ADJUSTED 452 +32% 594 EBITDA YoY +59% GROWTH DRIVEN BY +50% HIGHER GROSS 115 3 459 5 454 PROFIT MAINLY IN OUR AQUAFEED 12 30 20 307 BUSINESS DESPITE 287 -8 HEADWI

  7. Slide 7: Operating Results by Business

    OPERATING RESULTS BY BUSINESS

  8. Slide 8: Consumer Goods Peru and International Businesses: Q1 Performance

    OPERATING RESULTS BY BUSINESS Consumer Goods Peru and International Businesses: Q1 Performance1 ADJ. GROSS PROFIT & MARGIN ADJ. EBITDA & MARGIN +4% -4% 344 357 204 196 CONSUMER 38.9% 37.7% GOODS PERU2 23.1% 20.7% PEN million Q1 ’24 Q1 ’25 Q1 ’24 Q1 ’25 +21% +67% 85 31 70 INTERNATIONAL 19 BUSINESSES3

  9. Slide 9: B2B and Aquafeed: Q1 Performance

    OPERATING RESULTS BY BUSINESS B2B and Aquafeed: Q1 Performance1 ADJ. GROSS PROFIT & MARGIN ADJ. EBITDA & MARGIN +46% +45% 167 98 114 67 B2B2 PEN million 21.6% 21.5% 12.7% 12.7% Q1 ’24 Q1 ’25 Q1 ’24 Q1 ’25 2.8x 6.0x 47 37 AQUAFEED3 17 USD million 18.8% 6 14.7% 9.9% 3.6% Q1 ’24 Q1 ’25 Q1 ’24 Q1 ’25 (1

  10. Slide 10: Liquidity and Balance Sheet

    alicorp LIQUIDITY AND BALANCE SHEET

  11. Slide 11: 0.7 turns YoY improvement in leverage, driven by strong cash flow generation

    LIQUIDITY AND BALANCE SHEET Leverage INDEBTEDNESS EVOLUTION1 3.0 2.7 0.7 TURNS YoY 2.6 Impact of share 2.8 repurchases during IMPROVEMENT IN 2.0 2.0 the quarter 2.5 2.5 represents 0.2 turns LEVERAGE, DRIVEN 1.8 1.8 BY STRONG CASH 3,914 3,930 FLOW GENERATION 3,304 3,090 3,339 COMFORTABLE LEVERAGE LEV

  12. Slide 12: Our View Going Forward

    OUR VIEW GOING FORWARD

  13. Slide 13: Our View for 2025 Full-Year Results: Guidance

    OUR VIEW FOR 2025 FULL-YEAR RESULTS Guidance CONSOLIDATED CONSOLIDATED LEVERAGE CAPEX REVENUE ADJ. EBITDA 2.0x-2.5x USD ~70 MM 10-12% MID-TO-HIGH NET DEBT TO GROWTH SINGLE DIGIT ADJ. EBITDA GROWTH 13

  14. Slide 14: Earnings Call First Quarter 2025

    EARNINGS CALL FIRST QUARTER 2025 April 30, 2025

  15. Slide 15: Reported and Adjusted Results Summary

    APPENDIX Reported and Adjusted Results Summary Q1 '24 Q1 '25 Reported Adjusted Reported Adjusted CGP 343.7 344.2 356.8 356.8 GROSS PEN CGI PEN 69.8 69.8 84.7 84.7 PROFIT B2B PEN 114.1 114.1 166.7 166.7 Aquafeed USD 17.0 17.0 47.4 47.4 Total PEN 591.8 592.2 783.9 783.9 Q1 '24 Q1 '25 Reported Adjusted

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Alicorp — Q1 2025 Earnings Presentation on 6ix