Grupo Nutresa S.a. · BVC:NUTRESA

Grupo Nutresa — Q3 2023 Earnings Presentation

17 slides from Grupo Nutresa's earnings presentation, October 2023

  1. Slide 1: Grupo Nutresa Earnings Results 3Q 2023

    Grupo Nutresa Earnings Results 3Q 2023

  2. Slide 2: Highlights: second best company in Corporate Reputation in Colombia

    Highlights Grupo Nutresa, second best company in terms of Corporate Reputation in Colombia Grupo Nutresa was distinguished as the second-best reputed Company in Colombia, according to the MERCO Companies and Business Leaders 2023 Monitor, and is the first within the food sector. Reputational values

  3. Slide 3: Colombia & international sales 3Q 2023

    Colombia & international sales 3Q 2023 + 4,6% Q -9,4% * Colombia sales 707,3 P 16,2% Sales per business COP 2.825,5 6,1% + 1,5% + 4,9% + 11,5% unit Billion COP + 4,3% 408,4 408,3 + 6,6% + 23,2% 360,9 344,5 230,2 - 0,8% Percentage variation in volume -Q and 217,0 Billion COP 148,4 prices -P % chg. Yo

  4. Slide 4: Total sales 3Q 2023

    Total sales 3Q 2023 Total sales Sales per business COP 4.668,3 2,7% unit Billion COP + 4,1% 876,0 - 15,0% + 2,8% + 5,5% 713,3 744,5 717,4 + 12,8% + 10,5% Billion COP 459,2 + 6,9% 439,8 335,4 + 23,2% - 1,0% 230,3 152,3 Biscuits Coffee Cold cuts Chocolates TMLUC Retail Food Ice Cream Pasta Other % chg

  5. Slide 5: Colombia & international sales Accumulated 2023

    Colombia & international sales Accumulated 2023 + 9,7% Q -4,5% * Colombia sales 2.116,1 P 20,1% Sales per business COP 8.392,9 14,7% unit Billion COP + 11,3% + 25,5% + 12,7% + 16,5% 1.197,9 1.086,7 1.197,7 + 12,0% + 27,4% + 14,3% 1.049,1 Percentage variation in volume -Q and 633,4 649,6 prices -P Bi

  6. Slide 6: Total sales Accumulated 2023

    Total sales Accumulated 2023 Total sales Sales per COP 14.286,0 17,5% business unit Billion COP + 22,5% 2.685,2 + 11,9% + 8,4% + 18,1% 2.356,7 2.245,0 2.102,8 + 28,6% + 20,0% Billion COP 1.450,7 + 17,6% 1.317,3 1.004,0 + 27,4% + 13,3% 650,0 474,5 Biscuits Coffee Cold cuts Chocolates TMLUC Retail Foo

  7. Slide 7: Sales by region 2023

    Sales by region 2023 United States 13,4% Mexico Convention 4,0% Cold cuts Biscuits Dominican Republic and the Caribbean 2,1% Chocolates 58,7% Central America Coffee Colombia 10,7% TMLUC Ice cream Venezuela Pasta Retail Food Colombia 58,7% Other 41,3% Production International Ecuador 1,1% Distributio

  8. Slide 8: Raw materials: Grupo Nutresa Commodities Index

    Raw materials Grupo Nutresa Cogs Breakdown Commodities Index -GNCI 2023 GNCI - Market 180 160 140 120 121 114 112 100 107 80 87 87 86 82 81 78 60 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 The technical specifications of the GNCI may be obtained at: https://gruponutresa.com/en/investors/quart

  9. Slide 9: EBITDA 3Q 2023

    EBITDA 2Q 2023 EBITDA EBITDA per COP 507,3 -4,5% business unit Billion COP 9,8% 11,8% - 26,5% + 73,7% EBITDA Margin 85,9 9,8% 21,3% 84,1 10,9% - 26,8% 12,9% + 13,3% 6,9% 70,2 + 23,4% 71,4 22,9% - 41,9% + 88,7% 59,1 51,6 52,8 Billion COP 6,2% - 2,7% 3,2% 27,4 - 64,7% 4,9 Biscuits Coffee Cold cuts Cho

  10. Slide 10: EBITDA Accumulated 2023

    EBITDA Accumulated 2023 EBITDA EBITDA per COP 1.693,2 14,3% business unit Billion COP 12,7% + 28,8% EBITDA Margin 341,7 13,1% 11,9% 10,6% + 4,2% + 54,8% 20,4% 8,7% 274,4 249,0 - 17,3% 11,3% + 18,3% 195,7 + 11,0% 204,3 19,8% Billion COP 163,5 + 48,3% 7,1% 128,6 + 2,8% 9,0% - 25,8% 93,2 42,9 Biscuits

  11. Slide 11: Income statement 3Q 2023

    Income statement 3Q 2023 2023 3Q % Revenue 2022 3Q % Revenue % Var. Continuing operations Operating revenue 4.668.317 100,0% 4.545.170 100,0% 2,7% Cost of goods sold -2.817.274 -60,3% -2.905.539 -63,9% -3,0% Gross profit 1.851.043 39,7% 1.639.631 36,1% 12,9% Administrative expenses -196.103 -4,2% -1

  12. Slide 12: Income statement Accumulated 2023

    Income statement Accumulated 2023 2023 % Revenues 2022 % Revenue % Var. Continuing operations Operating revenue 14.285.983 12.156.790 17,5% Cost of goods sold -8.767.887 -61,4% -7.669.689 -63,1% 14,3% Gross profit 5.518.096 38,6% 4.487.101 36,9% 23,0% Administrative expenses -550.052 -3,9% -453.706

  13. Slide 13: Consolidated net debt

    Consolidated net debt 4.000 3.311 3.370 3.500 2.808 2.906 3.000 2.596 2.709 2.441 2.419 2.479 2.500 Billion COP 2.000 1.752 1.500 1.000 500 0 Dec-14* Dec-15* Dec-16* Dec-17* Dec-18* Dec-19* Dec-20* Dec-21* Dec-22* Sep-23* Net debt 1.752 2.808 2.906 2.596 2.441 2.709 2.419 2.479 3.311 3.370 Net debt/

  14. Slide 14: Contact

    Contact Catherine Chacón Navarro Investor Relations Director e-mail: cchacon@gruponutresa.com Tel: -+574 325 8731 www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": http://www.gruponutresa.com/en/co

  15. Slide 15: Financial position 2023 (assets)

    Financial position 2023 September 2023 December 2022 % Var. ASSETS Current assets Cash and cash equivalents 915.687 1.060.247 -17,5% Trade and other receivables, net 1.867.384 1.856.746 4,2% Inventories 2.581.902 3.004.244 -8,5% Biological assets 240.450 259.373 -4,1% Other assets 821.007 619.202 20

  16. Slide 16: Financial position 2023 (liabilities and equity)

    Financial position 2023 September 2023 December 2022 % Var. LIABILITIES Current liabilities Financial obligations 884.835 588.630 78,4% Right-of-use liabilities 105.836 101.236 -4,9% Trade and other payables 2.111.813 2.237.380 2,3% Tax charges 505.731 348.993 36,1% Employee benefits liabilities 351

  17. Slide 17: Disclaimer

    Disclaimer This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company´s management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason

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