Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — Investor Presentation (September 2026)
17 slides from Kri-kri Milk Industry's investor presentation, September 2026
Slide 1: Investors presentation
Authentic products drive sustainable growth Investors presentation September 2026
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | H1.2026 Kri Kri Legal Legal disclaimer 02 This presentation was prepared by KRI KRI S.A. The information contained herein has been obtained from company and external sources believed to be reliable, but not guaranteed as to its accuracy or completeness. The information contai
Slide 3: Slide 3
Slide 4: History
INVESTOR PRESENTATION | H1.2026 History 04 1987 A fully new and highly 2013 2016 2022 technological plant opened An unexpected fire broke out Marinopoulos SA, one of our The energy crisis, with much in a new area signifying on the yogurt production plant biggest customers in Greece of the countries
Slide 5: At a glance
INVESTOR PRESENTATION | H1.2026 At a glance 05 Amounts in €m Yogurt 450 20,0% GR EX 18,6% 2020 400 83,3 400 18,0% 76,0 75,9 188,2 15,8% 16,0% 62,4 129,2 350 15,4% 329 14,8% 14,5% 14,5% 97,5 14,0% 49,6 300 72,6 12,8% 54,7 12,5% 12,4% 256 12,0% 250 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 216
Slide 6: Growth drivers
INVESTOR PRESENTATION | H1.2026 Growth drivers 06 Greek yogurt theme Private label Exports orientation • Supports healthy diet • Capture a large part of European • Taking advantage of the opportunity in • In line with the high protein trend consumers’ wallet markets abroad • Natural, clean label • V
Slide 7: Growth drivers
INVESTOR PRESENTATION | H1.2026 Growth drivers 07 Authenticity makes the difference Greek yogurt market size 319 UK 218 146 106 NATURAL HIGH PROTEIN Shift toward natural and Protein has become a key less processed foods. driver of food choice, due to its role in satiety, muscle 2022 2023 2024 2025 h
Slide 8: Growth drivers in UK
INVESTOR PRESENTATION | H1.2026 Growth drivers in UK 08 Consumers’ trend Yogurt market structure Strategic partnerships • GB shoppers actively seek natural, less • Strategic partnerships with large processed foods European dairies, can facilitate our • Growth in Natural, Nutrient-Rich Foods further
Slide 9: Mid-term CAPEX plan
INVESTOR PRESENTATION | H1.2026 Mid-term CAPEX plan 09 Planned Yogurt production Key Highlights €m CAPEX capacity VS 2025 Current situation: 2026 28 20% • Demand for Greek yogurt is very strong 2027 26 76% and expected to continue 2028 23 100% • Opportunities in other countries with large 2029 25 16
Slide 10: Segment review Yogurt exports
INVESTOR PRESENTATION | H1.2026 Segment review Yogurt exports 10 Key Highlights 129,4 • Strong growth in major markets: UK +67%, Italy +31% 88,3 • Yogurt exports now represents 75% of total yogurt sales 28,4 14,1 Sales EBIT 2026 2025 Sales +46,6% EBIT +100,7%
Slide 11: Segment review Yogurt Greece
INVESTOR PRESENTATION | H1.2026 Segment review Yogurt Greece 11 KriKri branded Total Market structure 6-month performance share • Fragmented, highly competitive € 309m 12.8% val Sales +10.0% +9.7% val | 7.3% vol 11.6% vol • Stable in value EBIT +144.8% • Consumers shift to PL Key highlights Market S
Slide 12: Segment review Ice cream
INVESTOR PRESENTATION | H1.2026 Segment review Ice cream 12 Key Highlights GR EX GR 22,8 23,2 9,4 7,2 • Decline of the overall market • Initiatives to improve our performance • Expansion of our sales network 3,9 4,9 1,2 1,4 • Focusing on promising product categories Sales EBIT Sales EBIT 2026 2025 2
Slide 13: Estimates for 2026
INVESTOR PRESENTATION | H1.2026 Estimates for 2026 13 Sales Growth Total sales are expected to reach €400m. IFRS - €m 2026 rev. 2026 init. 2025 Δ% 2024 EBIT target is revised slightly lower, to €57- Profit Margins 58m, as cost pressures increase following Sales 400 >390 328,8 21,7% 256,4 the prolong
Slide 14: Dividend
INVESTOR PRESENTATION | H1.2026 Dividend 14 45 41,9 0,5 40,3 40 37,6 0,45 35 0,4 2025 2024 2023 2022 2021 2020 0,35 30 EBT (m) 41,88 37,60 40,30 4,00 16,70 18,60 0,3 25 EAT (m) 34,11 34,50 32,30 3,20 13,20 15,90 0,25 18,6 20 16,7 EPS 1,03 1,04 0,98 0,10 0,40 0,48 0,2 15 0,15 DPS 0,45 0,40 0,35 0,20
Slide 15: Share information
INVESTOR PRESENTATION | H1.2026 Share information 15 Share information Shareholders’ structure Contact information Tsinavos family : 69,8% KRI KRI S.A. MILK INDUSTRY Market: Main market Institutionals abroad : 16,6% 3rd km Serres-Drama Sector: Food & Beverage Serres Institutionals domestic : 7,9% PC
Slide 16: Key take-aways
INVESTOR PRESENTATION | H1.2026 Key take-aways 16 • Strong demand for Greek yogurt in developed European markets • Heavy mid-term CAPEX plan to ease the capacity constraint and be able to fully capture the growing demand • Opportunities for supporting income flows in secondary segments • Well-prepar
Slide 17: Appendix : Financial Results
INVESTOR PRESENTATION | H1.2026 Appendix : Financial Results 17 Profit and Loss Statement Margings €m H1.2026 H1.2025 Δ% H1.2026 H1.2025 Sales 203,9 161,9 25,9% Gross Profit 66,1 44,5 48,5% 32,4% 27,5% Operating Expenses 26,7 21,4 24,7% 13,1% 13,2% EBIT 39,4 23,1 70,6% 19,3% 14,3% EBT 39,4 23,0 71,3
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