Slide 1: Q2 CY2025 Unaudited Results Investor Briefing
Q2 CY2025 Unaudited Results Investor Briefing August 8, 2025 Irwin C. Lee Pancho M. Del Mundo Jose Miguel T. Manalang President and CEO Chief Finance and Strategy Officer Strategy & Investor Relations Director
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Universal Robina Corporation (URC) and plans and objectives of the management of URC. Such forward looking statements involve known and unknown risk
Slide 3: H1 2025 Results Highlights
H1 2025 RESULTS HIGHLIGHTS Revenues +6% Operating Profit flat Core Net Income +3% Php2.20/sh cash dividend
Slide 4: 2025 Key Focus Areas
2025 KEY FOCUS AREAS BCFG Philippines • Volume growth and market share recovery • Sustain growth and market share BCF International • Scale Munchy’s and build new legs Animal Nutrition and • Pet Food expansion Health • Strengthen lead in Dog, build and grow Cat • Focus on profit recovery and sustain
Slide 5: Total URC (Continuing Operations)
TOTAL URC (CONTINUING OPERATIONS) SALES EBIT CORE NET INCOME In billion pesos In billion pesos In billion pesos 6% flat 3% 85.9 1% 9.4 9.4 1% 6.7 6.9 6% 80.7 40.6 4.0 3.9 2.8 2.8 38.3 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 Q2 Q2 H1 H1 Q2 Q2 H1 H1 Q2 Q2 H1 H1 • BCFG Philippines +
Slide 6: BCF Philippines
BCF PHILIPPINES Top line momentum cushions impact of input cost pressure 5% • Top-line momentum sustained in Q2 • Double-digit growth for Snacks and RTD beverages SALES 37.9 39.6 In billion pesos 5% • Coffee stabilizing as interventions felt • Instant Noodles contending with competition over weaker
Slide 7: BCF Philippines: Categories vs Category Growth
BCF PHILIPPINES Majority of categories growing in line with or above category URC vs Category Growth* • Snacks segment shares holding steady, but faster growth seen in value segment, impacting total category share (2025 H1) Snacks • Confectionery recovering as core brands Cloud 9 and Maxx regain mom
Slide 8: BCF Philippines: Input Price Volatility
BCF PHILIPPINES Volatility in prices of key inputs persist but expect improvements towards early-2026 Coffee Prices USD/kg 2023 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2025 Feb Mar Apr May Jun Jan Jan Jan Arabica Robusta Robusta [URC] Cocoa Prices
Slide 9: BCF International
BCF INTERNATIONAL Improving scale and efficiencies drive profitability amidst topline growth slowdown in key markets 4% • Q2 Sales +3% in PHP and constant currency terms 3% • Top-line growth slowed in Q2 due to weakness in Vietnam 17.5 18.2 and Thailand, cushioned by healthy volumes in Indonesia SAL
Slide 10: Animal Nutrition and Health
ANIMAL NUTRITION AND HEALTH Hog feeds still cycling through resurgence of ASF; expected to improve in H2 10% • Sales down vs SPLY due to the persistence of ASF 9% • Pet food weighed by slowdown in overall dry dog category 7.0 6.3 SALES • New entry into cat food accelerating, while poultry feeds In b
Slide 11: Commodities
COMMODITIES SURE operating profits continue to normalize 16% • SURE top-line growth driven by higher volumes and extended milling season 19% 21.7 • Flour sales weighed by lower selling prices SALES 18.8 In billion pesos Q2 2025 Sales vs LY 7.8 9.2 SURE +32% Flour -9% 2024 2025 2024 2025 Others -31%
Slide 12: Cash Flow and Financial Ratios
CASH FLOW AND FINANCIAL RATIOS Cash Flow In billion pesos 5.3 2.8 6.5 12.3 4.3 2.6 13.0 11.6 Cash as of EBITDA Loan CAPEX Working Dividends Others Cash as of Dec 2024 Availment Capital Jun 2025 Cash Conversion Cycle (Days) Gearing Ratio (x) 111 0.20 0.17 85 2024 H1 2025 H1 CY 2024 2025 H1
Slide 13: Dividends
DIVIDENDS Dividend payout* *Based on prior year’s Core Net Income 78% • Second dividend of Php2.20/share announced, for a total of Php4.20/share for 2025 2020 2021 2022 2023 2024 2025 • Healthy cash generation has led to Dividend/share (Php) consistently increasing dividend payouts since 2020 4.20 3
Slide 14: FY 2025 Outlook
FY 2025 OUTLOOK • Sustain momentum in BCF Philippines and Top-line continue to focus on volumes and market share Mid to high single-digit recovery • Challenges in Indochina seen to persist • Cycling through high inventory cost for Coffee Operating Profit • Improving efficiencies and profitability fo
Slide 15: Thank You!
Thank You!
Slide 16: Income Statement
Income Statement 2025 H1 2024 H1 (Php Millions) YoY (Unaudited) (Unaudited) NET SALES 85,886 80,748 6% Cost of Sales 62,962 57,726 9% GROSS PROFIT 22,925 23,022 0% Operating Expense -13,503 -13,610 -1% OPERATING INCOME 9,422 9,412 0% Equity in net income of JVs -52 -62 Finance cost – net -625 -752 M
Slide 17: Balance Sheet
Balance Sheet 2025 H1 CY 2024 (Php Millions) (Unaudited) (Audited) Cash & cash equivalents 14,290 12,839 (including Financial assets at FVPL and FVOCI) Other current assets 71,435 71,190 Property, plant, and equipment 66,249 65,406 Other noncurrent assets 29,645 29,253 TOTAL ASSETS 181,620 178,688 C
Slide 18: Divisional Financials (Continuing Operations)
Divisional Financials (Continuing Operations) SALES EBIT EBIT MARGIN (Php Millions) 2025 H1 2024 H1 YoY 2025 H1 2024 H1 YoY 2025 H1 2024 H1 bps Branded Consumer Foods 57,813 54,948 5% 7,635 7,168 7% 13.2% 13.0% 16 Philippines 39,597 37,866 5% 5,021 4,935 2% 12.7% 13.0% (35) International 18,216 17,0
Slide 19: Market Shares
Market Shares Philippines Thailand MARKET MARKET CATEGORY* #1 #2 #3 CATEGORY #1 #2 #3 SHARE SHARE Snacks 31.9% URC 24.9% 6.9% Biscuits 14.4% URC 12.5% 7.7% Candies 23.7% URC 15.7% 12.1% Wafers 19.0% 24.3% URC 7.9% Chocolates** 16.1% URC 14.6% 9.0% Vietnam Biscuits*** 12.6% 28.9% 28.7% URC MARKET Tot