Kerry Group Plc · EURONEXT:KRZ
Kerry — Q1 2023 Earnings Presentation
14 slides from Kerry's earnings presentation, Apr 27, 2023
Slide 1: Kerry Q1 Interim Management Statement 2023
KERRY MS 2023 nagement
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, EBITDA, EBITDA margin, finance costs, tax rate, capital expenditure, dividends, cash flow, net debt o
Slide 3: Q1 Interim Management Statement 2023
Q1 Interim Management Statement 2023 Edmond Scanlon Marguerite Larkin Chief Executive Officer Chief Financial Officer © Kerry 2023 | 3 |
Slide 4: Continued Growth Through the First Quarter
Continued Growth Through the First Quarter Strong Organic Growth Driven by Volume and Price Group Taste & Nutrition Volume Pricing 8.5% 8.4% 1.2% 7.2% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2022 2022 2022 2022 2023 2022 2022 2022 2022 2023 Quarterly Organic Growth Taste & Nutrition Organic Growth © Kerry 202
Slide 5: Q1 2023 Group Financial Overview
Q1 2023 Group Financial Overview Reported Revenue +10.3% EBITDA Margin Net Debt -70bps €1.7bn Group Volumes +0.2% © Kerry 2023 | 5 |
Slide 6: Group Revenue Analysis
Group Revenue Analysis Q1 2022 Q1 2023 10.3% Translation Acquisitions Currency / Disposals Volume Price 1.5% 0.3% 0.2% 8.3% © Kerry 2023 | 6 |
Slide 7: Business Review: Taste & Nutrition Overview
Business Review: Taste & Nutrition Overview Growth driven by strong foodservice performance → Volumes +1.2% with good growth in APMEA and Europe → Pricing +7.2% reflecting the continued management of input cost inflation → EBITDA Margin -80bps resulting from the management of input cost inflation, p
Slide 8: Business Review: Performance by Region
Business Review: Performance by Region Americas Europe APMEA -1.6% +3.9% +5.2% → North America performance → Growth led by Snacks, Dairy → Performance led by Meat, Meals, impacted by customer inventory and Meals Dairy and Bakery management in the retail channel → Foodservice channel → Retail perform
Slide 9: Business Review: Dairy Ireland
Business Review: Dairy Ireland Overall performance reflective of market conditions → Volume reduction of 5.8% and increased pricing of 14.4% → EBITDA Margin -80bps resulting from passing through input cost inflation → Dairy Ingredients volumes impacted by high market prices and expectations around d
Slide 10: Outlook and Future Prospects
Outlook and Future Prospects → While overall market conditions remain uncertain, Kerry remains strongly positioned for growth with a good innovation pipeline → The Group will continue to manage the current inflationary environment through its well-established pricing model → Kerry will continue to i
Slide 11: Kerry
KERRY
Slide 12: Revenue Growth Rates and Breakdown of Volume Growth
Revenue Growth Rates and Breakdown of Volume Growth Volume Q1 2023 Pricing Growth Taste & Nutrition 7.2% 1.2% Regional Breakdown Q1 2023 Dairy Ireland 14.4% (5.8%) Americas (1.6%) Group 8.3% 0.2% Europe 3.9% APMEA 5.2% © Kerry 2023 | 13 |
Slide 13: Financial Metric Definitions
Financial Metric Definitions Volume Growth Free Cash Flow This represents the sales performance year-on-year, excluding Free cash flow is EBITDA plus movement in average working pass-through pricing on input costs, currency impacts, capital, capital expenditure, payment of lease liabilities, acquisi
Slide 14: Kerry
KERRY MS 2023 nagement