Royal Unibrew A/s · OMXCOP:RBREW

Royal Unibrew A/s — Royal Unibrew A S — H1 2025 Earnings Presentation

14 slides from Royal Unibrew A/s's earnings presentation, Aug 27, 2025

  1. Slide 1: H1 2025 Interim Report Presentation

    H1 2025 Interim Report Presentation Copyright © Royal Unibrew. All rights reserved. By Lars Jensen (CEO) & Lars Vestergaard (CFO)

  2. Slide 2: Disclaimer

    This Interim Financial Statement 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 operating results. Forwa

  3. Slide 3: Business strategy highlights H1 2025

    Business strategy highlights H1 2025 Outperforming Market-Focused Optimize developed Long-Term European Peers Execution markets Commitment unchanged • Strong revenue and • Fuel momentum in • Identify “pockets of • Yearly organic EBIT EBIT growth growth markets: growth” across markets growth of 6–8%*

  4. Slide 4: H1 2025 financial highlights

    H1 2025 financial highlights ORGANIC VOLUME GROWTH 4% • Solid H1 delivery, tracking plan with EBIT up 11% (9% organic) and margin ORGANIC NET REVENUE GROWTH expansion of 80 bps • 4% volume and 3% organic net revenue growth, despite weather-related headwinds in Finland 3% • International and Western

  5. Slide 5: Northern Europe

    Northern Europe • Organic volume and revenue down 3%, mainly due to cold May–June in Finland; July weather helped recover part of Q2 shortfall in Finland. Q2 Q2 H1 H1 • Across the region we have maintained or gained mDKK 2025 2024 2025 2024 market shares in H1 2025 Volumes (mHL) 3.1 3.1 5.2 5.4 • Hi

  6. Slide 6: Western Europe

    Western Europe • 15 % organic volume growth, driven by new activites in BeLux* and strong brand momentum in Italy and France • Net revenue up 16% organically, with positive Q2 Q2 H1 H1 price/mix mDKK 2025 2024 2025 2024 Volumes (mHL) 1.5 1.3 2.7 2.4 • EBIT up 33% to DKK 218m, with a margin Organic v

  7. Slide 7: International

    International • Volumes up 16%, with Q2 growth of 20% Q2 Q2 H1 H1 mDKK 2025 2024 2025 2024 • Sell-out growth reached low teens in H1 2025, with Volumes (mHL) 0.5 0.4 0.8 0.7 residual volume gains driven by inventory build-up Organic volume growth 20% 27% 16% 35% • Net revenue up 9%, with FX and coun

  8. Slide 8: P&L review H1 2025

    P&L review H1 2025 Q2 Q2 % H1 H1 % mDKK 2025 2024 2025 2024 • Net revenue up 4% to DKK 7,644m, Volumes (mhL) 5.1 4.8 7% 8.8 8.4 4% with 3% organic growth Organic volume growth 7% 1% 4% 3% Net revenue 4,438 4,180 6% 7,644 7,379 4% • Gross profit up 5% and gross Organic revenue growth 5% 4% 3% 6% marg

  9. Slide 9: Cashflow and ratios

    Cashflow and ratios mDKK H1 2025 H1 2024 • Operating cash flow of DKK 931m, supported by Net profit for the year 657 559 higher net profit, offset by NWC changes Adj. for non-cash items 670 651 • Capex at DKK 504m, in line with investment plans Changes in net working capital (NWC) -70 100 (~7% of ne

  10. Slide 10: Updated 2025 outlook – ranges narrowed

    Updated 2025 outlook – ranges narrowed Actual 2024 Prev. 2025 New 2025 Comment DKKm guidance guidance Net revenue 15,036 +5-7% +5-6% Growth rates include impact from Minttu- EBIT 1,968 +7-13% +8-12% transaction in Finland and new activity in BeLux Net financial expenses 301 250 250 Excl. currency lo

  11. Slide 11: Management agenda

    Management agenda • Continue executing our growth strategy, with focused efforts across: • Growth markets • New Markets • Developed market • Drive operational efficiency, optimize resource use, and Copyright © Royal Unibrew. All rights reserved. maintain a sharp focus on cost discipline • Advance on

  12. Slide 12: Key take-aways

    H1 2025 Interim Report 1 Presentation 2 • Solid H1 performance with EBIT growth in line with our plans. • Geographic diversification delivering results, with strong contributions from Western Europe and International. Key take-aways • Operational efficiency driving margin expansion. • Robust cash fl

  13. Slide 13: Q&A

    13 Q&A Copyright © Royal Unibrew. All rights reserved.

  14. Slide 14: Share information, Financial calendar 2025, Investor Relations contacts

    Share information Financial calendar 2025 Investor Relations contacts Royal Unibrew A/S is listed on Nasdaq 25 February 2024 Annual Report Royal Unibrew A/S Copenhagen under the symbol Faxe Alle 1 “RBREW”. 29 April Q1 Trading Statement DK-2640 Faxe investor.relations@royalunibrew.com For further inf

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