Slide 1: Q1 CY2025 Unaudited Results Investor Briefing
Q1 CY2025 Unaudited Results Investor Briefing May 8, 2025 Irwin C. Lee Pancho M. Del Mundo Jose Miguel T. Manalang President and CEO Chief Finance and Strategy Officer Strategy & Investor Relations Director
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Universal Robina Corporation (URC) and plans and objectives of the management of URC. Such forward looking statements involve known and unknown risk
Slide 3: Executive Summary
EXECUTIVE SUMMARY • Q1 2025 Revenues closed at Php45.3B, up +7% vs. SPLY, driven by strong volume growth across Branded Consumer Foods (BCF) and Sugar business units. • BCF Philippines sales momentum accelerating on the back of operational execution and improving Philippine consumer sentiment. BCF I
Slide 4: Total URC (Continuing Operations)
TOTAL URC (CONTINUING OPERATIONS) SALES EBIT NET INCOME In billion pesos In billion pesos In billion pesos 4.4 4.3 2% 45.3 7% 42.4 5.4 5.5 1% 3.9 4.1 4% 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 Core NI • Total revenue up 7%, as most • Total operating income up 1%, • Net income behind operatin
Slide 5: BCF Philippines
BCF PHILIPPINES Accelerating topline momentum seen across the business • Strong start to the year with high single-digit volume growth; quarter-on-quarter momentum continues with market share recovery expected to follow after consistent SALES 19.3 20.1 4% volume recovery In billion pesos • Q1 toplin
Slide 6: BCF Philippines: Coffee and Cocoa Prices
BCF PHILIPPINES Navigating through historical highs in key commodity inputs Coffee Prices USD/kg Cocoa Prices USD/kg SOURCES: Philippine Star, Reuters, WorldBank, CNBC, Bloomberg, Data from World Bank
Slide 7: BCF International
BCF INTERNATIONAL Strong revenue and operating profit growth continues against a volatile consumer landscape • Actual peso sales growth up +10% with constant currency sales up +6% 9.6 6% • Robust growth driven by double digit performance of SALES 9.1 Vietnam. Sustained topline improvements for Malay
Slide 8: Animal Nutrition and Health
ANIMAL NUTRITION AND HEALTH Branded Feeds down as overall market impacted by decreased Hogs population • Sales down on lower volumes and price rollbacks against last year; driven by hog feeds, caused by decline in country hog population since 2H 2024 3.4 SALES 3.1 11% • Robust growth in poultry feed
Slide 9: Commodities
COMMODITIES Topline growth driven by volume and mix; profit decline against high comparables • Strong SURE topline coming from higher refined sugar volume • Flour delivered growth as higher volumes offset lower prices 12.5 14% SALES 11.0 In billion pesos Sales vs LY SURE +17% Flour +9% Others -11% 2
Slide 10: Balance Sheet and Cash Flow
BALANCE SHEET AND CASH FLOW Cash and Financial Debt Gearing Ratio In billion pesos 0.17 0.16 20.6 19.1 12.8 12.0 CY 2024 2025 Q1 CY 2024 2025 Q1 Cash + Financial Assets at FVPL + AFS Financial Debt Cash Position In billion pesos • Improvements in financial debt 6.9 1.4 levels and gearing ratios 5.0
Slide 11: Executive Summary
EXECUTIVE SUMMARY • Q1 2025 Revenues closed at Php45.3B, up +7% vs. SPLY, driven by strong volume growth across Branded Consumer Foods (BCF) and Sugar business units. • BCF Philippines sales momentum accelerating on the back of operational execution and improving Philippine consumer sentiment. BCF I
Slide 12: Thank You!
Thank You!
Slide 13: Income Statement
Income Statement 2025 Q1 2024 Q1 (Php Millions) YoY (Unaudited) (Unaudited) NET SALES 45,266 42,425 7% Cost of Sales 33,204 30,031 11% GROSS PROFIT 12,063 12,394 -3% Operating Expense -6,591 -6,984 -6% OPERATING INCOME 5,471 5,410 1% Equity in net income of JVs -19 -32 Finance cost – net -270 -374 M
Slide 14: Balance Sheet
Balance Sheet 2025 Q1 CY 2024 (Php Millions) (Unaudited) (Audited) Cash & cash equivalents 12,038 12,839 (including Financial assets at FVPL and FVOCI) Other current assets 71,711 71,190 Property, plant, and equipment 65,696 65,406 Other noncurrent assets 29,099 29,253 TOTAL ASSETS 178,543 178,688 C
Slide 15: Divisional Financials (Continuing Operations)
Divisional Financials (Continuing Operations) SALES EBIT EBIT MARGIN (Php Millions) 2025 Q1 2024 Q1 YoY 2025 Q1 2024 Q1 YoY 2025 Q1 2024 Q1 bps Branded Consumer Foods 29,678 28,001 6% 4,020 3,703 9% 13.5% 13.2% 32 Philippines 20,058 19,262 4% 2,649 2,562 3% 13.2% 13.3% (9) International 9,620 8,739
Slide 16: Market Shares
Market Shares Philippines Thailand MARKET MARKET CATEGORY #1 #2 #3 CATEGORY #1 #2 #3 SHARE SHARE Snacks 33.5% URC 25.0% 6.9% Biscuits 14.5% URC 12.9% 7.5% Candies 24.2% URC 15.9% 13.1% Wafers 19.4% 24.2% URC 7.9% Chocolates and 20.1% URC 14.4% 7.7% Coated Wafers Vietnam Biscuits 14.3% 28.5% 27.2% U