Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — KRI KRI — Investor Presentation (November 2025)
16 slides from Kri-kri Milk Industry's investor presentation, November 2025
Slide 1: Investors presentation
Authentic products drive sustainable growth Investors presentation November 2025
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | 9M.2025 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: History
INVESTOR PRESENTATION | 9M.2025 History 04 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 5: At a glance
INVESTOR PRESENTATION | 9M.2025 At a glance 05 Amounts in €m Yogurt 350 20,0% GR 76,0 75,9 EX 129,2 18,6%2020 >300* 18,0% 300 62,4 97,5 15,8% 16,0% 15,4% 256 14,8% 14,5% 72,6 250 14,0% 50,0 49,6 ~14% 54,7 13,3% 216 12,5% 49,8 12,4% 12,0% 200 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 172 10,0
Slide 6: Growth drivers
INVESTOR PRESENTATION | 9M.2025 Growth drivers 06 Greek yogurt theme Private label Exports orientation • Supports healthy diet • Capture a large part of European • Taking advantage of the opportunity in • In line with the high protein trend consumers’ wallet markets abroad • Natural, clean label • V
Slide 7: Greek yogurt in established markets
INVESTOR PRESENTATION | 9M.2025 Greek yogurt in established markets 07 Greek-style Authentic Greek Greek, branded Greek, PL +11.8% +48.5% +11.0% +29.0% • Operating in highly growing segments • Operating in highly growing segments • Growth at high rates is likely to continue as • Opportunity to incre
Slide 8: Segment review Yogurt exports
INVESTOR PRESENTATION | 9M.2025 Segment review Yogurt exports 08 Amounts in €m Key Highlights 140,1 98,2 • Strong growth in major markets: UK +63%, Italy +21% 22,5 • Yogurt exports now represents 69% of 19,3 total yogurt sales Sales EBIT 2025 2024 Sales +42.7% EBIT +16.7% Margin -3.6pp
Slide 9: Segment review Yogurt Greece
INVESTOR PRESENTATION | 9M.2025 Segment review Yogurt Greece 09 KriKri branded Total share Market structure 9-month performance 13.8% val • Fragmented, highly competitive Sales +5.8% € 270m 12.1% vol • Stable in value +9.1% val | 7.1% vol EBIT -39.0% • Consumers shift to PL Margin -5.8pp Market Spli
Slide 10: Segment review Ice cream Greece
INVESTOR PRESENTATION | 9M.2025 Segment review Ice cream Greece 10 Amounts in €m Key Highlights 39,8 36,7 • Expansion of our sales network • New ice-creams launched 10,0 8,2 • Remaining of the season sales continue at a similar pace Sales EBIT 2025 2024 Sales +8.3% EBIT -18.8% Margin -6.8pp
Slide 11: Segment review Ice cream exports
INVESTOR PRESENTATION | 9M.2025 Segment review Ice cream exports 11 Amounts in €m Key Highlights 15,0 • Strong growth in sales 10,9 • Exports development with “Greek Frozen Yogurt” • Expansion of our PL contracts 2,2 1,8 USA Sales EBIT 2025 2024 • Low level sales due to pilot season • Cautious busin
Slide 12: Estimates for 2025
INVESTOR PRESENTATION | 9M.2025 Estimates for 2025 12 Total sales are expected to Sales Growth exceed €300m in 2025. 2025 IFRS - €m 2025 init. 2024 Δ% 2023 2022 2021 rev. EBIT margin is expected to be Profit Margins Sales >300 300 256,4 17,0% 216,3 172 134,6 around 14%. EBIT 42 - 45 37,2 40,3 4 16,7
Slide 13: Dividend
INVESTOR PRESENTATION | 9M.2025 Dividend 13 50 0,45 45 0,40 40,3 40 37,6 0,35 2024 2023 2022 2021 2020 35 0,30 EBT (m) 37,6 40,3 4,0 16,7 18,6 30 0,25 EAT (m) 34,5 32,3 3,2 13,2 15,9 25 0,20 EPS 1,04 0,98 0,10 0,40 0,48 20 18,6 16,7 0,15 DPS 0,40 0,35 0,20 0,20 0,20 15 0,10 10 4,0 0,05 Payout ratio
Slide 14: Share information
INVESTOR PRESENTATION | 9M.2025 Share information 14 Share information Shareholders’ structure Contact information Tsinavos Family : 69,8% KRI KRI S.A. MILK INDUSTRY Market: Main market Institutionals abroad : 13,9% 3rd km Serres-Drama Sector: Food & Beverage Serres Institutionals domestic : 10,3% P
Slide 15: Investment proposal summary
INVESTOR PRESENTATION | 9M.2025 Investment proposal summary 15 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 16: Appendix: Financial Results
INVESTOR PRESENTATION | 9M.2025 Appendix: Financial Results 16 Amounts in €m Profit and Loss Statement Margins 9Μ.2025 9Μ.2024 Δ% 9M.2025 9M.2024 Sales 259,7 207,5 25,2% Gross Profit 72,2 69,4 3,9% 27,8% 33,5% Operating Expenses 33,9 29,7 14,2% 13,0% 14,3% EBIT 38,3 39,8 (3,8%) 14,7% 19,2% EBT 38,1