Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — FY2019 Earnings Presentation
10 slides from Kri-kri Milk Industry's earnings presentation, May 2020
Slide 1: Kri Kri S.A. Full Year 2019 Financial Results
Kri Kri S.A. Full Year 2019 Financial Results
Slide 2: Key Figures
Key Figures 31/12/2019 € 112,9 m. Operating € 20,1 m. Sales yoy +19,8% Profit yoy +19,4% Gross Profit € 39,1 m. EBITDA € 21,1 m. Margin: yoy +6,7% yoy +22,1% 18,7% Profit before € 17,6 m. € 17,8 m. Margin: EBIT 15,8% taxes yoy +23,4% yoy +23,2% | May 2020| 2
Slide 3: Key Figures: Sales and EBIT Breakdown per Business Segment
Key Figures Sales Breakdown per Business Segment EBIT Breakdown per Business Segment Other; 0,3% Other; 1,4% Ice Gr; 22,9% Ice Gr; 19,2% Yogurt Expo; Yogurt Expo; 35,6% 35,5% Ice Expo; 5,7% Ice Expo; 3,9% Yogurt Gr; 39,2% Yogurt Gr; 36,3% Ice Gr Ice Expo Yogurt Gr Yogurt Expo Other Ice Gr Ice Expo Y
Slide 4: Key Figures: EBIT Reconciliation
—— Key Figures Ebit Reconciliation €m Mi increase MM Decrease Ml Total 20,0 1,0 180 1,0 pe a 17 04 17,8 -3,2 14,0 12,0 10,0 8,0 60 40 20 0,0 EBIT 2018 Increase in gross profit Less Advertising Less Bad Debt OperCost proport. to sales Economies in operation Other gains EBIT 2019 | May 2020] 4
Slide 5: Segment-Yogurt Greece
Segment-Yogurt Greece 2019 Key Performance Drivers Sales ➢ Improved Value Market Share(2019:15,3% vs 2018:14,7%) 2019: €44.285k YoY +13,4% 2018: €39.053k ➢ Expansion of presence in LIDL with both branded and private label products ➢ Expand to new yogurt categories(launched Baby Yogurt) Gross Profit
Slide 6: Segment-Yogurt Export
Segment-Yogurt Export 2019 Key Performance Drivers Sales 2019: €40.154k YoY +34,8% ➢ Growth of sales particularly in UK and Italy 2018: €29.777k ➢ New Markets ➢ Decline in Gross Margin Gross Profit 2019: €11.278k YoY +15,0% m:28,1% 2018: €9.807k Covid-19 Impact EBIT ➢ Sales seem resilient 2019: €6.3
Slide 7: Segment-Ice Cream Greece
Segment-Ice Cream Greece 2019 Key Performance Drivers Sales 2019: €21.702k YoY +4,8% ➢ Expand distribution network with 1.000 extra points 2018: €20.717k (16.000 points of sale from 15.000 at 2018) ➢ Adverse weather condition March-May Gross Profit 2019: €11.650k YoY +4,9% m:53,7% 2018: €11.101k Cov
Slide 8: Segment-Ice Cream Exports
Segment-Ice Cream Exports 2019 Key Performance Drivers Sales 2019: €6.405k YoY +45,5% ➢ Renew and expand our PL contracts 2018: €4.403k ➢ Strengthening our presence in neighbors' countries Gross Profit 2019: €1.859k YoY +69,0% m:29,0% 2018: €1.100k EBIT 2019: €691k YoY +240,9% m:10,8% 2018: €203k |
Slide 9: General Comments
General Comments Investments Tax exemption ➢ Capex Investments totaling Euro 26,6m Euro(m) 2019 2020 2021 2022 ➢ Tax exemption pipeline have been included in the Greek Tax exemption 1.2 3.1 3.4 2.1 investment law 4399/2016 to ➢ Q4 Results subsidize 35% of the amount as ➢ Operating Cash Flow a tax ex
Slide 10: Any Questions?
Q&A Any Questions? | May 2020| 10