Grupo Nutresa S.a. · BVC:NUTRESA
Grupo Nutresa — Q2 2026 Earnings Presentation
22 slides from Grupo Nutresa's earnings presentation, August 2026
Slide 1: Grupo Nutresa 2Q 2026 Financial Results
Grupo Nutresa 2Q 2026 Financial Results
Slide 2: Disclaimer
DISCLAIMER This document contains forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason they
Slide 3: Relevant Highlights
Relevant Highlights 2nd Quarter in Review • Consolidated sales for the quarter were COP 5.1 trillion with strong performance in local currencies of our main geographies, excluding the B2B segment and exports, affected by the 14% appreciation of the Colombian peso. Total sales in our reporting curren
Slide 4: Total Sales – 2Q 2026
Total Sales – 2Q 2026 COP 5.082,5 -1,6% + 7,0% - 15,9% Q -1,5% Percentage variation in volume -Q and Billion COP prices -P 1.016,9 1.004,5 P -0,1% % chg. YoY Billion COP USD 1.407,6 14,4% + 7,0% - 18,5% Million USD 780,6 746,4 Billion COP + 10,2% + 20,2% 448,9 382,3 + 20,7% - 14,1% 294,7 + 21,9% 207
Slide 5: Colombia & international sales – 2Q 2026
Colombia & international sales – 2Q 2026 + 8,9% 753,9 Colombia sales + 23,2% + 2,0% - 0,4% COP 3.321,5 11,8% 469,4 457,4 + 17,2% 439,5 + 20,7% Billion COP + 34,1% 327,6 294,7 + 21,9% USD 920,1 30,0% 250,4 - 4,2% Million USD 200,5 128,0 Convention Cold cuts Biscuits and Coffee Chocolates Other Retail
Slide 6: Total Sales – Accumulated
Total Sales – Accumulated COP 10.279,0 2,4% - 4,7% + 9,2% Q 0,5% Percentage variation in volume -Q and Billion COP prices -P 2.100,1 2.057,0 P 1,9% % chg. YoY Billion COP USD 2.813,3 17,5% - 12,0% Million USD + 6,1% 1.570,5 1.564,4 Billion COP + 9,1% + 17,9% + 17,0% 865,7 750,4 - 7,5% 558,5 + 19,7%
Slide 7: Colombia & international sales - Accumulated
Colombia & international sales - Accumulated + 8,1% Colombia sales 1.512,9 COP 6.603,5 13,0% + 24,3% + 13,5% + 0,8% Billion COP 942,9 934,2 891,7 + 15,8% + 17,0% Billiion COP USD 1.807,9 29,7% + 32,8% 625,3 558,5 + 19,7% Million USD 494,9 - 2,2% 382,2 260,8 Convention +8,1% % YoY COP variation 1.512
Slide 8: Sales by region
Sales by region 2026 United States 12,2% Convention Mexico 2,2% Cold cuts Biscuits Dominican Republic and the Caribbean 1,7% Chocolates 64,2% Central America Coffee Colombia 9,2% Ice cream Pasta Colombia 64,2% Retail Food Other Ecuador 1,6% Food Service Production 35,8% International Peru Distributi
Slide 9: Commodities
Commodities Grupo Nutresa Cost Breakdown rolling year Commodities Index –GNCI 2026 Denominated in USD GNCI- Market 250 240 1,0% Poultry 230 Other 34,8% 220 209 2,2% Beef 210 200 190 176 1,9% Milk 180 170 158 4,0% Oils&Fats 160 150 3,5% Sugar 140 130 121 117 6,3% Pork 120 110 107 100 112 6,3% Wheat 8
Slide 10: EBITDA 2Q 2026
EBITDA 2Q 2026 18,5% EBITDA per 17,6% 23,5% business unit + 36,7% + 3,4% + 7,4% 186,0 18,5% 178,9 175,2 Excl. non-recurrent expenses + 35,8% COP 941,4 19,0% 144,1 Billion COP 26,5% + 78,8% USD 260,9 38,3% Million USD Billion COP 101,4 21,4% 12,4% + 16,2% EBITDA Margin + 10,8% 63,1 55,5 14,2% 18,5% -
Slide 11: EBITDA Accumulated 2026
EBITDA Accumulated 2026 EBITDA per 24,5% 18,2% 18,3% business unit + 32,8% + 39,5% + 12,7% 385,5 381,8 20,6% 376,8 Excl. non-recurrent expenses + 39,4% COP 2.003,5 30,8% 322,8 Billion COP 27,0% USD 548,1 50,0% Billion COP + 69,2% Million USD 202,4 23,1% 13,2% EBITDA Margin + 12,5% 19,5% + 44,3% 16,8
Slide 12: Consolidated net debt
Consolidated net debt 25.000 20.000 1.944 1.944 2.109 999 999 1.116 998 981 2.653 2.653 15.000 COP 1.000.000.000 1.159 1.107 1.023 3.038 3.050 1.085 2.152 2.152 1.286 0 887 4.765 1.376 1.376 10.000 4.352 11.704 11.271 11.010 5.000 10.331 10.331 8.385 0 Bidge loan Bonds principal Bonds Hedges Bonds (
Slide 13: Consolidated Debt – Principal Maturity
Consolidated Debt – Principal Maturity COP Million Does not include Intercompany operations neither leases (IFRS16) Assumption: The company executes on the first call date, in year 2031, and accounts for 50% of the total issuance, as per the rating agencies methodology. 13
Slide 14: Contact
Contact Catherine Chacón Navarro Director - Corporate Finance and Strategy 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.gruponut
Slide 15: Appendix
4: > Appendix <> pp
Slide 16: Income statement 2Q 2026
Income statement 2Q - 2026 COP MM % Expenses FX effects 2026-06 % % Expenses FX effects 2025-06 % %Var % Var No 2026-06 not realized NRE* and 2025-06 NR* NRE* and NRE* and NR* not realized unrealized FX unrealized FX unrealized FX Operating revenue 5.082.453 100,0% 0 0 5.082.453 100,0% 5.165.475100,
Slide 17: Income statement Accumulated
Income statement Accumulated COP MM % Expenses FX effects 2026-06 % % Expenses FX effects 2025-06 % %Var % Var No 2026-06 not realized NRE* and 2025-06 NR* NRE* and NRE* and NR* not realized unrealized FX unrealized FX unrealized FX Operating revenue 10.278.964 100,0% 0 0 10.278.964 100,0% 10.038.26
Slide 18: Financial position - Assets
Financial position 2026 June 2026 December 2025 % Var. ASSETS Current assets Cash and cash equivalents 2.471.197 3.195.196 -22,7% Financial asset measured at amortized cost 1.057.574 102.540 N/A Trade receivables and other account receivables, net 2.053.000 2.108.177 -2,6% Inventories 2.525.560 2.55
Slide 19: Financial position - Liabilities
Financial position 2026 June 2026 December 2025 % Var. LIABILITIES Current liabilities Financial obligations 1.571.613 902.519 74,1% Loans from related parties 983.683 6.836 N/A Right-of-use liabilities 158.909 158.714 0,1% Trade payables and other payables 2.069.135 2.370.452 -12,7% Tax charges 888
Slide 20: Profitability Accumulated – COP/USD
Profitability Accumulated – COP/USD EBITDA EBITDA Margin Business COP MM %Var 2026 2026 NRE* 2025 2025 NRE* %Var 2026 2026 NRE* 2025 2025 NRE* NRE* Coffee 373.945 381.786 263.090 273.767 42,1% 39,5% 17,8% 18,2% 11,9% 12,4% Biscuits and Snacks 366.967 376.803 322.803 334.478 13,7% 12,7% 17,8% 18,3% 1
Slide 21: Quarterly Average Exchange Rates
QUARTERLY AVERAGE EXCHANGE RATES AVERAGE EXCHANGE RATES PER YEAR USD/CURRENCY AVERAGE CROSS EXCHANGE RATES PER YEAR CURRENCY/COP AVERAGE EXCHANGE AVERAGE EXCHANGE AVERAGE EXCHANGE AVERAGE EXCHANGE COUNTRY CURRENCY RATES FOR THE YEAR RATES FOR THE YEAR VAR. % COUNTRY CURRENCY RATES FOR THE YEAR RATES
Slide 22: Contact
Contact Catherine Chacón Navarro Director of Corporate Finance and Strategy 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.gruponu