Savola Group · TADAWUL:2050
Savola — Q1 2025 Earnings Presentation
32 slides from Savola's earnings presentation, May 12, 2025
Slide 1: Earnings Presentation Q1 2025
Earnings Presentation | Q1 2025 Date: 12 May 2025 1
Slide 2: Disclaimer
DISCLAIMER This presentation might contain forward-looking statements which may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections
Slide 3: Savola Group's Adjusted Net Income Analysis
Savola Group’s Adjusted Net Income Analysis Adjusted Net Income (SAR mn) Details Q1 2025 Q1 2024 Variance Net Income 189.2 348.7 (159.5) Less: Profit of CA - (30.0) - Less: Profit of Sudan - (1.2) - Less: Almarai share of profit - (236.7) - Add back: Financial costs savings realized from debt - 89.6
Slide 4: Savola Group – Q1 2025 Performance Highlights
Savola Group – Q1 2025 Performance Highlights On an adjusted basis, the Group’s Net Profit of SAR 189 mn witnessed a healthy YoY growth of 11% in Q1 2025 ▪ Reported Revenues of SAR 7.6 bn for Q1 2025 compared to SR 7.1 bn during Q1 2024. The increase is primarily driven by growth in Resilient Core P
Slide 5: Savola Group – Reported Consolidated Financial Highlights
Savola Group – Reported Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q1-24 Q1-25 6% 7,147 7,597 -5% Revenue 1,499 1,426 Gross Profit 21.0% 18.8% -31% 1,006 -46% EBITDA 693 Net Income 349 189 14.1% 9.1% 4.9% 2.5% Excluding Share of Profit 770 693 *Adjusted 170 189 from Almarai
Slide 6: Savola Group – Q1 2025 Revenue Bridge By Business
Savola Group – Q1 2025 Revenue Bridge By Business SAR in millions +6% 7,597 117 4 (20) 75 7,147 274 Includes the positive impact of SAR 432mn due to USCE consolidation in Q1 2025 Q1 2024 Others / Q1 2025 Elimination Managed Portfolio Note: numbers are rounded 6
Slide 7: Savola Group – Net Income Analysis
Savola Group – Net Income Analysis SAR in mn Q1 2024 Net Income Adjustments Q1 2025 Net Income +11% 189.2 170.3 28.2 Description Amount 2.1 (10.3) 6.0 (19.0) 12.0 Reported net income for Q1 2024 348.7 Less: Net profit from discontinued operations in Central Asia (30.0) Less: Net profit from disconti
Slide 8: Savola Group – Revenue Mix
Savola Group – Revenue Mix Revenue by Business1 Revenue by Geography Q1-24 Q1-25 Q1-24 Q1-25 3% 3% 5% 6% 4% 4% 18% 20% 49% 50% 44% 43% 76% 74% Savola Foods Panda Al Kabeer Herfy Arabia Egypt Others Growth % +7.6%2 +3.6% +1.9% -7.1% +2.7% +12.5%2 +36.9% Note 1) Revenue by business % is based on net r
Slide 9: Savola Group – Net Debt & Capex
Savola Group – Net Debt & Capex SAR in millions Loans and Net Debt1 CAPEX Net Debt 6,597 2534 -8% 169 155 8,428 10 3,284 55 2,735 143 5,144 103 2,476 259 5 6 3 1 Mar-24 Mar-25 Mar-24 Mar-25 ST Loans LT Loans Details Mar 2024 Mar 2025 Savola Foods Panda Al Kabeer Herfy KSA 7,357 1,402 Non KSA 1,072 1
Slide 10: Financials Summary – Q1 2025
Financials Summary – Q1 2025 All figures in SAR millions 1 Segment Wise Financials Q1 2025 Q1 2024 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Savola Foods Oil 2 Arabia 995 150 71 55 84 906 201 124 106 138 Other Markets3 1,324 223 155 48 165 1,402 322 269
Slide 11: Savola Group – Our journey of value creation shall continue
Savola Group – Our journey of value creation shall continue 1 Intensify focus on high growth food businesses in MENA • Strong operational expertise, with solid brands and quality businesses under its umbrella • Benefits from an operating model underpinned by a robust end-to-end infrastructure networ
Slide 12: Savola Foods
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Slide 13: Savola Foods – Q1 2025 Business Highlights
Savola Foods – Q1 2025 Business Highlights 11. Arabia edible oil business continued its resilient performance, with stabilized volumes amid influx of private labels and value-for-money brands. Continues to be driven by dominant market share in KSA along with B2B growth led by industrial & QSR segmen
Slide 14: Foods Company – Refreshed Strategy
Savola Foods Company – Refreshed Strategy as business needs and strategic intent evolved “ABCD” Strategy “AAA” Strategy 2019 - 2024 2025 & ONWARDS ANCHOR BET HOW WE HOW WE GROW DIVERSIFY Example: Example: Accelerate Acquire Advance Transforming Investment / “Afia” acquisition of “Munchbox” Accelerat
Slide 15: Savola Foods – Revenue Analysis for Q1 2025
Savola Foods – Revenue Analysis for Q1 2025 Oil & Fats Nuts, Spices & Pulses 5% 14% 4% 41% 38% 49% 24% 59% 46% 62% 58% Arabia Egypt UAE KSA Sugar Pasta 2% 12% 29% 46% 49% 51% 25% 86% KSA Egypt Egypt B2B B2C Exports Note: 1) Percentages derived from revenue before inter-co eliminations Note: numbers
Slide 16: Savola Foods – Reported Consolidated Financial Highlights
Savola Foods – Reported Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q1-24 Q1-25 ▪ Savola Foods demonstrated stable performance in Q1’25 despite +8% business challenges such as increased competition from Value for money products/Private label -18% in its core markets of Afia
Slide 17: Savola Foods – Oil Segment Analysis
Savola Foods – Oil Segment Analysis SAR in millions Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income 0% 2,303 2,310 906 522 -29% 995 +10% 201 373 +6% 380 401 -40% 150 -25% 417 158 164 +3% 1,396 1,315 138 -6% 248 321 -27% 223 84 -39% 238 +7% -31% 279 142 103 -48% 222 165 -41% 106 55 +35% 36 4
Slide 18: Savola Foods – Sugar Segment Analysis
Savola Foods – Sugar Segment Analysis SAR in millions Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income 1,483 -19% 1,208 570 -4% 476 -16% 533 511 213 208 -2% +18% 913 93 +16% 78 79 731 -20% 36 +70% 68 21 29 NM 319 302 -5% 14 36 NM 28 3 -10% 57 56 -1% 25 53 42 -21% -29 -1 NM Q1-24 Q1-25 Q1-24
Slide 19: Savola Foods – Pasta Segment Analysis
Savola Foods – Pasta Segment Analysis SAR in mn Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income 210 -23% +4% 162 75 78 +8% 41 38 +13% 26 30 +5% 19 20 Q1-24 Q1-25 Q1-24 Q1-25 Q1-24 Q1-25 Q1-24 Q1-25 Q1-24 Q1-25 Gross Profit / Ton (SAR) 505 523 Note: numbers are rounded 19
Slide 20: Savola Foods – Nuts, Spices And Pulses Segment Analysis
Savola Foods – Nuts, Spices And Pulses Segment Analysis SAR in millions Revenues Gross Profit EBITDA Net Income +14% 158 139 UAE -3% 48 47 -13% 24 21 -28% 18 13 +52% 44 KSA 29 0% 9 9 -8 -7 NM -10 -10 NM Q1-24 Q1-25 Q1-24 Q1-25 Q1-24 Q1-25 Q1-24 Q1-25 Note: 1) All % above refer to growth numbers Note
Slide 21: Panda
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Slide 22: Panda – Q1 2025 Business Highlights
Panda – Q1 2025 Business Highlights 11. Panda recorded strong growth of 4% in Q1, despite an increasingly competitive environment. This performance was underpinned by the successful rollout of new stores and continued execution of CXR program 22. Network Expansion: Panda further strengthened its ret
Slide 23: E-commerce continue to gain traction with 3x growth in Q1 2025
E-commerce continue to gain traction with 3x growth in Q1 2025 SAR in millions In SAR Sales Growth Q1- 2025 Operational Metrics Average Daily orders Average Basket Size 1,674 282 282 50 1,567 3x 1,300 213 212 215 209 1,064 983 888 17 Q1 2024A Q1 2025A Jan Feb Mar Jan Feb Mar 2024 2025 2024 2025 *Exc
Slide 24: Panda Strategy Pillars
Panda Strategy Pillars Strengthen market leadership in targeted Strategic segments by delivering unmatched value for Pillars money and outstanding customer experience Successfully expand our presence and reach through online and offline channels to create a seamless Omnichannel Leadership shopping e
Slide 25: Panda – Financial Highlights
Panda – Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q1-24 Q1-25 ▪ Growth in topline is driven by contribution from CXR completed +4% stores and new stores openings ▪ KSA LFL Revenue grew in the range +6% of 2%-3% in Q1’25, mainly driven by 3,218 3,335 basket size growth Revenue Gross Pro
Slide 26: Panda – Number Of Stores
Panda – Number Of Stores Super Hyper 147 0 0 147 62 0 -1 61 Dec Additions Closures Mar Dec Additions Closures Mar 2024 2025 2024 2025 Total Dec-24 Mar-25 Net Selling Area Net Selling Area ▪ Total store count: 541.7K m2 548.4K m2 202 stores in KSA and 6 in Egypt 209 0 -1 208 ▪ 1 store closed in Q1 20
Slide 27: Al Kabeer
l Al Kabeer 27
Slide 28: Al Kabeer – Q1 2025 Business Highlights
Al Kabeer– Q1 2025 Business Highlights 11. Al Kabeer is focusing on channel diversification by leveraging opportunities in the discounter segment, achieving more than 50% growth in Q1 2025 o This performance was underpinned by key strategic actions, including the activation of a refreshed product po
Slide 29: Al Kabeer continues to implement strategic measures for sustained future growth
Al Kabeer continues to implement strategic measures for a sustained future growth Brand Revamp, New Logo and Packaging New Packaging New Logo Institutionalization Brand Revamp • Under the CEO onboarded in Q4 2022, the • After the Brand revamp identity , the company has undertaken thorough company ha
Slide 30: Al Kabeer – Financial Highlights
Al Kabeer – Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q1-24 Q1-25 ▪ During Q1’25, Al Kabeer reported a sales growth primarily driven by growth in HORECA and discounters' Q1-19 channels +2% ▪ Despite lower volumes and sales, +9% profitability increased due to 230 235 better gross margin
Slide 31: Savola
SAVOLA
Slide 32: Thank you
Jgola SAVOLA Thank you www.savola.com 32