Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — Non-Deal Roadshow (January 2025)
18 slides from Kri-kri Milk Industry's roadshow presentation, January 2025
Slide 1: Investors presentation
Authentic products drive sustainable growth Investors presentation January 2025
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | 9M.2024 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: At a glance
INVESTOR PRESENTATION | 9M.2024 At a glance 04 Amounts in €m 245* Yogurt 20% 216 220 GR 76,0 EX 97,5 2020 18,6% 72,6 62,4 16% 15,8% 16,0% 15,4% 172 180 54,7 14,8% 49,8 50,0 49,6 40,2 13,3% 44,3 12,5% 12,4% 12% 135 126 140 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 113 8% 7,8% 7,3% 94 100 Ice
Slide 5: History
INVESTOR PRESENTATION | 9M.2024 History 05 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 6: Segment review Yogurt exports
INVESTOR PRESENTATION | 9M.2024 Segment review Yogurt exports 06 Total Greek & Greek style Authentic Greek KriKri share 9-month performance € 1,662m € 502m € 134m 46% val Sales +29.9% UK +8.6% val | +7.3% vol +18.9% val | 19.3% vol +43.8% val | 46.8% vol EBIT +5.9% 66% vol Margin -4.4pp Key highligh
Slide 7: Segment review Yogurt Greece
INVESTOR PRESENTATION | 9M.2024 Segment review Yogurt Greece 07 KriKri branded Total share Market structure 9-month performance 15.1% val • Fragmented, highly competitive Sales -0.8% € 268m 13.4% vol • Stable in value +0.9% val | 5.1% vol EBIT -8.6% • Consumers shift to PL • KriKri is the leading pr
Slide 8: Segment review Ice cream (Greece + exports)
INVESTOR PRESENTATION | 9M.2024 Segment review Ice cream (Greece + exports) 08 KriKri branded Total share Market structure 9-month performance 14.0% val • Consolidated Sales +19.6% € 248m Greece +5.5% val | 9.0% vol 11.7% vol • “Lower trade” channel captures the largest EBIT +13.7% stake of the mark
Slide 9: Exports growth prospects I Greek yogurt
INVESTOR PRESENTATION | 9M.2024 Exports growth prospects I Greek yogurt 09 Established markets Developing markets • Operating in highly growing segments • Austria • France • Scandinavia Greek-style Authentic Greek +9.6% +43.8% Yogurt exports sales split • Growth at high rates is likely to continue a
Slide 10: Exports growth I Frozen yogurt in USA
INVESTOR PRESENTATION | 9M.2024 Exports growth I Frozen yogurt in USA 10 Ice-cream market in USA For ice cream lovers who seek for healthier options without compromising on pleasure, KRI KRI Greek Key highlights Frozen Yogurt is a guilt-free frozen delight, that • Launched in US market, last Septemb
Slide 11: Estimates for 2024
INVESTOR PRESENTATION | 9M.2024 Estimates for 2024 11 Total sales are expected to exceed Sales Growth €245m in 2024. 2024 2024 IFRS - €m 2023 Δ% 2022 2021 est. init. EBIT margin is expected to be Sales 245 233 216,3 13,27% 171,8 134,6 Profit Margins around 16%. EBIT 39,2 35,0 40,3 -2,73% 4,0 16,7 EB
Slide 12: Dividend
INVESTOR PRESENTATION | 9M.2024 Dividend 12 45 0,50 40,3 0,40 2023 2022 2021 2020 2019 30 0,30 EBT (m) 40,3 3,8 16,5 18,4 17,6 EAT (m) 32,3 3,2 13,2 15,8 15 16,5 18,4 17,6 0,20 EPS 0,98 0,10 0,40 0,48 0,45 15 DPS 0,35 0,20 0,20 0,20 0,18 0,10 3,8 Payout ratio 35,7% 208,3% 50,1% 41,9% 39,7% 0 0,00 Di
Slide 13: Share information
INVESTOR PRESENTATION | 9M.2024 Share information 13 Share information Shareholders’ structure Contact information Tsinavos Family : 69,8% KRI KRI S.A. MILK INDUSTRY Market: Main market Institutionals abroad : 12,0% 3rd km Serres-Drama Sector: Food & Beverage Serres Institutionals domestic : 11,7% P
Slide 14: Investment proposal summary
INVESTOR PRESENTATION | 9M.2024 Investment proposal summary 14 Investment ✓ One of the few listed companies globally with clear exposure to the Greek Yogurt investment theme. ✓ High returns and dividend payments to shareholders. Management ✓ An experienced and loyal management team that has led KRI
Slide 15: Appendix: Financial Results
INVESTOR PRESENTATION | 9M.2024 Appendix: Financial Results 15 Profit and Loss Statement (amounts in million Euro) Margins 9M.2024 9M.2023 Δ% 9M.2024 9M.2023 Sales 207,5 176,7 17,4% Gross Profit 69,5 62,7 10,7% 33,5% 35,5% Operating Expenses 29,7 24,8 19,5% 14,3% 14,0% EBIT 39,8 37,9 4,9% 19,2% 21,5
Slide 16: Appendix: Sales bridge
INVESTOR PRESENTATION | 9M.2024 Appendix: Sales bridge (amounts in million Euro) 16 26,7 1,0 207,5 5,1 2,7 176,7 -4,6 Sales 9M.2023 ICE prices ICE volumes YOG prices YOG volumes Other Sales 9M.2024
Slide 17: Appendix: Gross Profit bridge
INVESTOR PRESENTATION | 9M.2024 Appendix: Gross Profit bridge (amounts in million Euro) 17 11,3 -1,9 69,4 -0,9 -1,8 62,7 Gross profit 9M.2023 Sales quantities Sales prices Raw material prices Production expenses Gross profit 9M.2024
Slide 18: Appendix: EBIT bridge
INVESTOR PRESENTATION | 9M.2024 Appendix: EBIT bridge (amounts in million Euro) 18 EBIT margin erosion 6,7 39,8 • Δ% Sales +17,4% 37,9 -4,8 • Δ% OpEx +19,5% EBIT 9M.2023 Gross profit var OpEx var EBIT 9M.2024
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