Slide 1: Investor Presentation Q1'26 Results
Investor Presentation Q1’26 Results 14 May 2026
Slide 2: Agenda
Agenda Strategic Update Key Financials Segment Performance Q&A
Slide 3: Disclaimer
Disclaimer Agthia Group PJSC and its management may make 7. expected financial results ; 8. sensitivity to 4. various events which could disrupt operations, certain statements that constitute “forward - looking changes in product prices ; 9 . sensitivity to key input including natural events and ong
Slide 4: Business Continuity Update
Business Continuity Update Continuity Flexibility Preparedness Focus on maintaining Diversified footprint and Contingency planning and customer service and supply sourcing support operational active monitoring across reliability agility logistics and commodities 4
Slide 5: Strategic Vision to Become a Regional F&B Leader
Strategic Vision to Become a Regional F&B Leader From… To… UAE centric Footprint MENA+ & beyond Becoming a Commoditized portfolio Value - add F&B brands Regional F&B Leader by 2025 Stable financial performance Strong shareholder returns Consumer - centric & performance - Local organization mindset d
Slide 6: Q1'26: Progress on Strategic Vision
Q1’26: Progress on Strategic Vision Delivering Growth Driving Efficiency Expanding Capabilities • Reported revenue up 3.3% YoY ; • Net Productivity 2.5% of COGS in • Accelerating our digital roadmap : driven by volume growth and pricing , Q1 2026 • Improved Home Office Services app driven which was
Slide 7: Q1'26: Over AED 61.6M in Revenue Generated from Strategic Product Innovation
Q1’26: Over AED 61.6M in Revenue Generated from Strategic Product Innovation Snacking Protein & Frozen Veg Agri -Business Abu Auf : Expansion in convenience and Jordan : New launches included burger formats, Flour: New Tortilla flour indulgence range through single serve Turkish appetizers, coated p
Slide 8: Q1'26 Key Financials
Qr26 Key Financials Mm GQACi agthi Qy S ForTheBetter + JAbiI Joi yo
Slide 9: Q1'26: Group Headlines
Q1’26: Group Headlines Group Revenue, AED M Group Gross Profit, AED M ▪ Revenue grew 3.3% YoY to AED 1.33 B ▪ Gross Profit increased 15.9 % YoY +3.3% in Q1’26 , driven by volume and pricing +15.9 % growth, which was partially offset by ▪ Gross Profit Margin expanded by mix . 341bps to 31.6 % , suppo
Slide 10: Q1'26: Group Headlines
Q1’26: Group Headlines Group EBITDA, AED M Group Net Profit, AED M ▪ Group EBITDA + 4.1% YoY to AED +4.1% 193.3M, ▪ Group Net Profit increased by 12.5% ▪ Group EBITDA margin + 11bps to 14.6 % +12.5% YoY, with a Net Profit Margin at 7.3% . ▪ Water & Food : EBITDA up + 15.7% ▪ EBITDA growth was furthe
Slide 11: Net Working Capital: Discipline Delivering Improvement
Net Working Capital: Discipline Delivering Improvement NWC and NWC as % of Sales 1 Cash Conversion Cycle Key Highlights AED M CCC days -15 • Working capital as a % of sales edged 15.8% 8.0% down to 8.0 % , mainly driven by reductions -383 55 in inventories and receivables . 810 40 • Inventory level
Slide 12: Free Cash Flow Analysis
Free Cash Flow Analysis Free Cash Flow Bridge, AED M Key Highlights FCF improved by AED 393 M YoY, reaching AED 82 M 7 8 82 in Q1’26 . The improvement was primarily driven by : 386 • AED 8 M improvement in EBITDA • No repeat of the negative impact from lower SCF utilization, which significantly pres
Slide 13: Leverage Impacted by Operational Headwinds
Leverage Impacted by Operational Headwinds 1 Net Debt / EBITDA Interest Coverage 2 2.8 x Underlying 2.2x FY Dec’25 - 2.9x 5.2x Underlying 6.6x FY Dec’25 – 4.9x Borrowing Capacity 3 0.6B Avg Dividend Yield Underlying 1.1B FY Dec’25 – 0.5B 5.5 % FY’25 DPS = AED 0.221 13 1 Net debt as on 31 March 2026
Slide 14: AGM Approved 10% Increase in H2 2025 Dividends to 11.792 fils per Share
AGM Approved 10% Increase in H2 2025 Dividends to 11.792 fils per Share +5% bonus shares 32% 35% 44% 43% 66% 85% 1 58% 53% 56% 60% 215% Dividend payout % +5% 0.22102 0.2103 0.185 0.165 0.165 0.165 0.150 0.150 0.150 0.150 0.125 Dividends per share (AED) 2015 2016 2017 2018 2019 2020 2021 2022 2023 20
Slide 15: Segmental Performance
QA ® agthia ForTheBetter + JAbiI Joi yo Segmental Performance
Slide 16: Diversified Growing Portfolio in Large Scalable Markets
Diversified Growing Portfolio in Large Scalable Markets Diversified Revenue by Segments... …and Geographies 6% 26% 28% 26% 53% 26% 20% 15% Snacking Water & Food UAE Other Arab Countries Protein & Frozen Agri - Business GCC excl. UAE RoW 16 1Based on Q1’26 sales, excluding one - off activity in Agri
Slide 17: Water & Food: Strong Growth Driven by UAE Water and M&A
Water & Food: Strong Growth Driven by UAE Water and M&A Revenue, AED M EBITDA, AED M Q1’26 Highlights EBITDA Margin Revenue +14.6% 17.8% 17.9% • + 14.6 % YoY . LFL revenue + 5.8 % YoY (excluding Riviere), driven by UAE water +15.7% business • UAE bottled water sales increased by 17.1% , 59 with Al A
Slide 18: Water & Food: Strong Performance Driven by Marketing and Digitalization
Water & Food: Strong Performance Driven by Marketing and Digitalization UAE Leading with Strong Performance Winning Across Channels Connecting though Effective Marketing Al Ain bottled water retaining its Retail : WATER : Market Share gain and sales growth driven by strong social media and market le
Slide 19: Al Ain Fast Track Multiple Innovations in Q1 Across Water & Food
Al Ain Fast Track Multiple Innovations in Q1 Across Water & Food Innovations launched with social media, influencers and Instore visibility to drive trial & penetration Food Water Al Ain Food ventured into 2 new segments ▪ Launch of Alkaline Water in Feb’26 with Digital and Trade Amplification ▪ Exo
Slide 20: Agri-Business: Resilient Performance While Navigating External Headwinds
Agri -Business: Resilient Performance While Navigating External Headwinds Revenue, AED M EBITDA, AED M Q1’26 Highlights EBITDA Margin Revenue 20.2% 18.6% • Segment revenue + 13.0 YoY mainly driven +13.0 % by one - off activity of AED 51.4 M. +4.3 % • Underlying revenue (excl . one - off) - 2.2% 382
Slide 21: Agri-Business: Sustainable Growth through Innovation, Engagement and Digital Adoption
Agri -Business: Sustainable Growth through Innovation, Engagement and Digital Adoption New product activation (Patent Flour): B2B New Customer adoption: Ramadan – “Pass on the Goodness” • Connecting consumers to the new product • Flour Masters Tortilla Factory • Reinforcing brand purpose • Creating
Slide 22: Snacking: Improving Margin as Transformation Underway
Snacking: Improving Margin as Transformation Underway Revenue, AED M EBITDA, AED M Q1’26 Highlights EBITDA Margin Revenue 13.0% 13.2% • Revenue declined 13.0 % YoY -13.0% o Abu Auf delivered growth of 27.3% , reflecting healthy consumer demand and 410 -11.6% strength of the brand (+19 new stores sin
Slide 23: Snacking: Strengthening Brands, Expanding Reach
Snacking: Strengthening Brands, Expanding Reach Abu Auf: Momentum Building BMB: Reset in Motion Al Foah: Recovery Underway Coffee Market share Gain & New Sales Freakin’ Wholesome Filled Dates – Aldi New Products Launched Record in Q1 • Abu Auf delivered record sales in Jan, led by • Top NPD Q1’26 ac
Slide 24: Protein & Frozen: Revenue Growth Sustained as Reset Progress
Protein & Frozen: Revenue Growth Sustained as Reset Progress Revenue, AED M EBITDA, AED M Q1’26 Highlights EBITDA Margin Revenue 6.2% 5.9% • Revenue grew 4.1% YoY +4.1% o Nabil led the segment with strong revenue growth of 7.5% YoY o Atyab + 3.4% and Frozen Vegetables & -0.6 % Tomato Paste -3.6 % de
Slide 25: Growth Accelerated — Strong Momentum to Scale
Growth Accelerated — Strong Momentum to Scale EGYPT: First - in- Category Mega Promo that Strengthened Atyab Leadership and Delivered Both Volume Uplift & Penetration Momentum NATIONWIDE CONSUMER PROMO EVERYONE IS A WINNER • Creating Category Buzz and a Powerful ATYAB PROMO AD Year Kick -Off: A Unif
Slide 26: Investing in Growth: Protein Expansion in KSA
Investing in Growth: Protein Expansion in KSA Project Overview ▪ Location: Jeddah, KSA ▪ Available land 9,436 sqm; Built - up area 6,600 sqm ▪ Capex c. AED 110 ▪ Current capacity ≈ 9,500 tons/annum Rationale ▪ Strengthen footprint in KSA ▪ Strong local demand; leverage strong QSR relationships ▪ Dri
Slide 27: A Forward-Looking Company
A Forward -Looking Company Market leading position Growing portfolio of consumer - Growth - oriented mindset focused on across key categories and centric brands in large, scalable leveraging synergies, innovation and geographies markets digitization Attractive economics with clear Financial strength
Slide 28: Q&A
Q&A
Slide 29: Appendix
QA ® agthia ForTheBetter + JAsi Jol yo Appendix
Slide 30: Egypt: Resilient Growth Supported by Exports and Auf Retail Expansion
Egypt: Resilient Growth Supported by Exports and Auf Retail Expansion Resilient topline, margin held back by input cost pressure “Export Hub” Strategy Revenue , AED M EBITDA , AED M & EBITDA Margin (%) +12.9 % 15.3% 10.9% AED 23.9 M Exports from Egypt in Q1’26 -20.0 % 271 240 • +3.4 % AED revenue gr
Slide 31: Market Leading Brands in Key Categories and Geographies
Market Leading Brands in Key Categories and Geographies Category (Geography) Rank Value Share % YTD’26 vs. YTD’25 FY’25 vs. FY’24 Flour B2B (UAE) 1 47.0% +0.0pts +0.0pts Animal Feed B2B (UAE) 1 44.7% +0.2pts +2.2pts Bottled Water (UAE) 1 32.7% +2.3pts +1.9pts Date Crown (UAE) 4 7.7% -5.2pts -3.7pts
Slide 32: Q1'26: Agthia Sustainability Strategy Pillars Highlights
Q1’26: Agthia Sustainability Strategy Pillars Highlights Environmental Scaling Health & Fostering Positive Shared Integrity Wellness Potential Accountability 21.4% 8.8% 45.8% GRI Reduction in Electricity Ratio YoY Growth in Glass Bottles Sales YoY Reduction in Serious Injuries & Received the GRI mar
Slide 33: Board of Directors
Board of Directors Khalifa Sultan Al Suwaidi H.E. Dhafer Al Qasimi C Chaiman Vice Chairman • Managing Partner, Lunate • Group CEO, Silal • Vice Chairman, AD Ports, Vice • Chairman, SAFCO | Chairman, Al Chairman, TAQA Bakrawe Group | Board Member, National Agriculture Center Salmeen Al Ameri Svet Var
Slide 34: Strong Leadership Team with Track Record of Value Creation
Strong Leadership Team with Track Record of Value Creation 12 senior executives Avg. 26 years of experience Blue -chip FMCG leadership and MENA operating expertise Group Functions Salmeen Al Ameri Jeroen Nijs Ramy Merdan Edward Norder Managing Director & Chief Financial Officer Chief Operating Offic
Slide 35: Summary Profit & Loss Statement
Summary Profit & Loss Statement AED'000 Q1’26 Q1’25 YoY Revenue 1,326,835 1,283,827 3.3% Cost of sales - 907,744 - 922,092 1.6% Gross profit 419,091 361,735 15.9% Selling and distribution expenses - 179,725 - 147,169 - 22.1% General and administrative expenses - 113,424 - 91,770 - 23.6% Research and
Slide 36: Summary Balance Sheet Statement
Summary Balance Sheet Statement AED'000 Q1’26 FY’25 FY'24 FY’23 FY’22 Property, plant and equipment 1,394,673 1,437,052 1,428,985 1,460,821 1,446,027 Intangible assets & Goodwill 2,485,648 2,489,238 2,394,815 2,408,106 2,421,885 Others 171,621 154,755 147,918 128,038 104,521 Total non -current asset
Slide 37: Summary Cash Flow Statement
Summary Cash Flow Statement AED'000 Q1’26 Q1’25 YoY Profit for the period 96,888 86,115 12.5% Adjustments for: Depreciation & Amortization 59,688 52,890 12.9% Provisions & Allowances 21,355 33,027 - 35.3% Others 36,266 43,052 - 15.8% Change in: Inventories 237,055 61,851 283.3% Trade and other recei
Slide 38: Q1'26 Results Reconciliation
Q1’26 Results Reconciliation AED M Q1’26 Q1’25 Reported Revenue 1,326.8 1,283.8 Agri - Business one - off 51.4 - Underlying Revenue 1,275.5 1,283.8 Reported EBITDA 193.3 185.7 Agri - Business one - off 12.5 - Underlying EBITDA 180.8 185.7 Reported NP 96.9 86.1 Agri - Business one - off 11.1 - Underl
Slide 39: Thank You
AM QIACI S2) agthia ForTheBetter + JAbiI| Joi yo