Alicorp Saa · BVL:ALICORC1
Alicorp Saa — Alicorp — Q2 2025 Earnings Presentation
18 slides from Alicorp Saa's earnings presentation, Jul 25, 2025
Slide 1: Earnings Call Second Quarter 2025
July 25, 2025 EARNINGS CALL SECOND QUARTER 2025 We feed a better tomorrow
Slide 2: Disclaimer
DISCLAIMER This presentation may contain financial or business projections regarding recent acquisitions, their financial or business impact, management expectations and objectives regarding such acquisitions and current management expectations on the operating and financial performance of The Compa
Slide 3: Topics
TOPICS HIGHLIGHTS 1 CONSOLIDATED OPERATING RESULTS 2 OPERATING RESULTS BY BUSINESS UNIT 3 LIQUIDITY AND BALANCE SHEET 4 GUIDANCE 5
Slide 4: Highlights
HIGHLIGHTS
Slide 5: Highlights: Relevant events
HIGHLIGHTS Relevant events CHANGES IN ALICORP’S BOARD ▪ Dionisio Romero Paoletti has decided to conclude his tenure as Chairman of the Board. Effective January 1, 2026, Manuel Romero Valdez will assume the role of Chairman INTERNATIONAL BOND ISSUANCE ▪ PEN 1.53 billion issuance under 144A/Reg S form
Slide 6: Consolidated Operating Results
CONSOLIDATED OPERATING RESULTS
Slide 7: Adjusted gross profit – Q2 '25 vs. Q2 '24
CONSOLIDATED OPERATING RESULTS Adjusted gross profit – Q2 '25 vs. Q2 '24 PERFORMANCE SUMMARY – AJUSTED GROSS PROFIT1 PEN million 504 +23% 619 +22% ADJUSTED GROSS 1,566 PROFIT INCREASED DRIVEN BY HIGHER +13% 1,284 VOLUMES IN 88 782 692 28 AQUAFEED AND B2B -26 0 AMID HEIGHTENED COMPETITIVE 27.6% 26.2%
Slide 8: Adjusted EBITDA – Q2 '25 vs. Q2 '24
CONSOLIDATED OPERATING RESULTS Adjusted EBITDA – Q2 '25 vs. Q2 '24 PERFORMANCE SUMMARY – AJUSTED EBITDA1 PEN million 504 +23% 619 +35% ADJUSTED EBITDA 910 INCREASED YEAR- +22% OVER-YEAR FUELED 676 +22% BY IMPROVED 97 450 2 448 GROSS PROFIT, 367 2 369 -1 18 MAINLY IN OUR 5 -38 AQUAFEED BUSINESS UNIT
Slide 9: Operating Results by Business Unit
OPERATING RESULTS BY BUSINESS UNIT
Slide 10: Consumer Goods Peru and International Business
OPERATING RESULTS BY BUSINESS UNIT1 Consumer Goods Peru and International Business ADJUSTED GROSS PROFIT & MARGIN ADJUSTED EBITDA & MARGIN -2% -11% 720 707 412 366 -7% -18% CONSUMER GOODS 376 350 40.1% 208 37.1% 170 PERU2 41.3% 36.4% 22.8% 17.7% 22.9% 19.2% PEN million Q2 ’24 Q2 ’25 YTD ’24 YTD ’25
Slide 11: B2B and Aquafeed
OPERATING RESULTS BY BUSINESS UNIT1 B2B and Aquafeed ADJUSTED GROSS PROFIT & MARGIN ADJUSTED EBITDA & MARGIN 32% 32% 333 203 +20% 253 +22% 154 B2B – ALICORP 166 105 139 87 SOLUCIONES2 24.0% 21.4% 22.8% 21.5% 13.5% 13.9% 13.1% PEN million 15.0% Q2 ’24 Q2 ’25 YTD ’24 YTD ’25 Q2 ’24 Q2 ’25 YTD ’24 YTD
Slide 12: Liquidity and Balance Sheet
LIQUIDITY AND BALANCE SHEET
Slide 13: Leverage
LIQUIDITY AND BALANCE SHEET Leverage INDEBTEDNESS EVOLUTION1 3.0 2.6 0.9x YEAR-OVER- 2.8 2.0 2.0 2.0 Impact of dividend distribution represents YEAR IMPROVEMENT 2.5 0.1 turns IN LEVERAGE, DRIVEN 3,914 3,930 1.8 1.8 1.9 BY POSITIVE CASH 3,339 3,482 FLOW GENERATION 3,090 LEVERAGE REMAINED STABLE, SUPP
Slide 14: Our View for 2025
OUR VIEW FOR 2025
Slide 15: Our Expectations for 2025: Guidance
OUR EXPECTATIONS FOR 2025 Guidance CONSOLIDATED ADJUSTED LEVERAGE CAPEX REVENUE EBITDA 10-12% MID-TO-HIGH 2.0x-2.5x USD 70 MILLION GROWTH SINGLE DIGIT NET DEBT-TO- GROWTH ADJUSTED EBITDA 15
Slide 16: Earnings Call Second Quarter 2025
July 25, 2025 EARNINGS CALL SECOND QUARTER 2025 We feed a better tomorrow
Slide 17: Reported and adjusted results summary
APPENDIX Reported and adjusted results summary Q2 ‘24 Q2 ‘25 YTD '24 YTD '25 Reported Adjusted Reported Adjusted Reported Adjusted Reported Adjusted CGP 375.7 375.7 350.3 350.3 719.4 719.8 707.1 707.1 GROSS PEN Int. Business PEN 89.4 89.4 89.6 89.6 159.2 159.3 174.3 174.3 PROFIT B2B PEN 138.6 138.6
Slide 18: Slide 18