Ebro Foods Sa · BME:EBRO
Ebro Foods Sa — Q1 2025 Earnings Presentation
14 slides from Ebro Foods Sa's earnings presentation, Apr 30, 2025
Slide 1: Filing to the Spanish National Securities Exchange Commission
TO THE NATIONAL SECURITIES EXCHANGE COMMISSION OF SPAIN Madrid, 30 April 2025 Ref: presentation to analysts announced this morning, regarding the Group Ebro Foods results for the first quarter 2025. In pursuance of section 227 of the Securities Market Act, Ebro Foods, S.A. hereby publishes as OTHER
Slide 2: Ebro Results Q1 2025
Ebro RESULTS Q1 2025 ARROZ INTEGRAL
Slide 3: Contents
CONTENTS 1. INTRODUCTION 2. BUSINESS UNIT RESULTS Q1 2025 2.1 Rice 2.2 Pasta 3. CONSOLIDATED GROUP RESULTS Q1 2025 3.1 P&L 3.2 Debt Performance 4. CONCLUSION 5. CORPORATE CALENDAR 2025 6. CALCULATION OF ALTERNATIVE PERFORMANCE MEASURES 7. LEGAL DISCLAIMER
Slide 4: 1. Introduction
1. Introduction Our positive business performance in the first quarter has delivered encouraging results, further consolidating our leadership position in the market. Branded sales continue to show solid growth, particularly within our higher value-added categories (microwave, gnocchi, premium fresh
Slide 5: 2.1.1 Rice Q1 2025
2.1.1 Rice Q1 2025 In Spain, raw material markets have continued to follow the high price trend seen in the previous year, particularly for pearled grains. However, this is expected to reverse in the coming months, as heavy rainfall has significantly improved reservoir levels across Spain. With irri
Slide 6: 2.1.2 Rice Q1 2025
2.1.2 Rice Q1 2025 The rice Division sales fell by 2.9% due to deflation and a reduction in certain non-branded sales. We continue to step up advertising investment in support of new launches for all of our brands. As a result, advertising investment increased by 5.7% year on year to EUR16.7 million
Slide 7: 2.2.1 Pasta Q1 2025
2.2.1 Pasta Q1 2025 In both France and Canada, fresh pasta sales have performed well, supported by the success of recent product launches and the completion of capacity expansion at our Lyon facility during Q1. Advertising and promotional spend remained in line with the same period last year, amidst
Slide 8: 2.2.2 Pasta Q1 2025
2.2.2 Pasta Q1 2025 Turnover grew 1.7% to EUR181.2 million, thanks to increased volumes as mentioned above. Advertising investment remained at EUR9.5 million. We continue to support new product launches. The Division's EBITDA-A fell 4.8% to EUR29.5 million. This was caused by a slight consumer price
Slide 9: 3.1 P&L Q1 2025
3.1 P&L Q1 2025 The consolidated sales figure fell by 1.8% to EUR791.9 million. EBITDA-A grew by 2.2% to EUR112.1 million, beating our record result from Q1 2024 and achieving a CAGR 23/25 of 7.9%. The EBITDA-A margin increased to 14.2%. Currency had an impact of EUR1.3 million on this figure. Net P
Slide 10: 3.2 Debt Performance
3.2 Debt Performance At 31 March, net debt amounted to EUR599.3 million, EUR6.1 million more than at year-end 2024. The change in Working Capital had an impact of EUR46.0 million on debt levels. Corporate income tax in Q1 2025 stood at EUR19.86 million. CAPEX investments amounted to EUR29.9 million.
Slide 11: 4. Conclusion
4. Conclusion We returned to EBITDA-A growth in Q1 2025, surpassing the record performance achieved in Q1 2024. Heavy rainfall in Spain has eased drought concerns, enabling full sowing in Spain. Our significant investments in microwave products, instant rice, fresh pasta and gnocchi in recent years
Slide 12: 5. Corporate Calendar
5. Corporate Calendar As part of Ebro’s commitment to complete transparency, below we provide our Corporate Calendar for 2025: 25 February Presentation of YE 2024 Results 1 April Four-month payment of ordinary dividend (EUR0.23/share) 30 April Presentation of Q1 2025 results 30 June Four-mon
Slide 13: 6. Calculation of Alternative Performance Measures
6. Calculation of Alternative Performance Measures According to the guidelines set by the European Securities and Markets Authority (ESMA), the following is a list of the indicators used in this report. These indicators are currently and consistently used by the Group to describe its business perfor
Slide 14: 7. Legal Disclaimer
7. Legal Disclaimer This presentation contains our true understanding to date of estimates on the future growth in the different business lines and the global business, market share, financial results and other aspects of business activity and the positioning of the Company. All the data included in