Royal Unibrew A/s · OMXCOP:RBREW
Royal Unibrew A/s — Royal Unibrew A S — Q2 2024 Earnings Presentation
12 slides from Royal Unibrew A/s's earnings presentation, Aug 23, 2024
Slide 1: H1 2024 Interim results Presentation
ROYAL UNIBREW H1 2024 Interim results Presentation By Lars Jensen (CEO) & Lars Vestergaard (CFO)
Slide 2: Disclaimer
ROYAL UNIBREW This half-year results presentation contains forward-looking statements, including statements about the Group’s sales, revenue, earnings, spending, margins, cash flows, inventories, products, actions, plans, strategies, objectives and guidance with respect to the Group’s future operati
Slide 3: Strong organic EBIT growth in Q2
ROYAL UNIBREW H1 2024 results presentation 3 Strong organic EBIT growth in Q2 2024 • Solid organic EBIT growth of 17% in Q2 ORGANIC VOLUME GROWTH • Increased market shares in key categories due to robust commercial execution and innovations 1% • Integrations going according to plan, and business res
Slide 4: ESG highlights
ROYAL UNIBREW H1 2024 results presentation 4 ESG highlights • 35% organic CO2 emissions reduction per hl • Our energy efficiency improved by 7% • Long-term net-zero target for 2024 approved by SBTi • We have initiated the replacement of fossil-fueled trucks • The no/low sugar and alcohol segment of
Slide 5: Q2 and H1 2024 results
ROYAL UNIBREW H1 2024 results presentation 5 Q2 and H1 2024 results Q2 2024 Q2 2023 Change H1 2024 H1 2023 Change Volumes (mhl) 4.8 3.9 23% 8.4 6.6 27% Net revenue 4,180 3,595 16% 7,379 6,147 20% EBITDA 821 674 22% 1,197 976 23% EBIT 656 536 22% 866 710 22% Organic EBIT growth 17% 3% 16% 0% Net fina
Slide 6: H1 2024 - business segments
ROYAL UNIBREW H1 2024 results presentation 6 H1 2024 - business segments NORTHERN EUROPE WESTERN EUROPE INTERNATIONAL DENMARK, GERMANY, FINLAND, LATVIA, LITHUANIA, ESTONIA, ITALY, THE NETHERLANDS AND FRANCE 70+ MARKETS IN AMERICAS AND EMEAA NORWAY AND SWEDEN 5.4 mhl 0% 2.4 mhl 6% 0.7 mhl 35% VOLUME
Slide 7: Q2 2024 development in net revenue and EBIT
ROYAL UNIBREW H1 2024 results presentation 7 Q2 2024 development in net revenue and EBIT Adjusted for M&A, the organic EBIT margin expanded by 190 bps to 16.8% Revenue bridge (mDKK) EBIT bridge (mDKK) 139 446
Slide 8: Free cash flow H1 2024 (mDKK) increased vs H1 2023
ROYAL UNIBREW H1 2024 results presentation 8 Free cash flow H1 2024 (mDKK) increased vs H1 2023 • Net interest-bearing debt/EBITDA at 2.4x end of Q2 (financial target: NIBD/EBITDA < 2.5x) • Higher interest costs • Dividend payment of DKK 14.5 per share on October 1, 2024 H1 2023: 486 501 106 -241 85
Slide 9: Outlook for 2024
ROYAL UNIBREW H1 2024 results presentation 9 Outlook for 2024 • Net revenue of at least DKK 15 billion (previously: around DKK 15 billion) • Organic EBIT growth of 14-19% (previously: 9-19%) equal to total EBIT in the range of DKK 1,950-2,025 million, including acquisitions • M&A is expected to cont
Slide 10: Management agenda
ROYAL UNIBREW H1 2024 results presentation 10 Management agenda • Execute the remaining pieces of integration in BeLux, Norway and the Netherlands • Drive efficiency improvements across all operations • Continue to invest behind our growth categories • Deliver on organic EBIT growth target, while im
Slide 11: Q&A
ROYAL UNIBREW H1 2024 results presentation 11 Q&A
Slide 12: Thank you for your attention
ROYAL UNIBREW Thank you for your attention