Acomo N.v. · EURONEXT:ACOMO
Acomo — H1 2025 Earnings Presentation
32 slides from Acomo's earnings presentation, Jul 24, 2025
Slide 1: Investor call HY 2025
Investor call HY 2025 24 July 2025
Slide 2: Introduction
Introduction
Slide 3: Important notice
Important notice This confidential presentation (the "Presentation") has been prepared and is issued by and is the sole responsibility of ACOMO N.V. and includes the slides that follow, the oral presentation of the slides, any question-and-answer session that follows the oral presentation, hard copi
Slide 4: Allard Goldschmeding, ACOMO CEO
Allard Goldschmeding ACOMO CEO
Slide 5: Building routes to healthier foods
Building routes to healthier foods
Slide 6: Macro environment
Macro environment • Increased market prices for a number of major products • Demand development • Tariffs US • Supply chains and logistics • FX exchange rate development 6 | INVESTOR CALL HY 2025 |
Slide 7: Key Financials H1 2025
Key Financials H1 2025 Improved results on Sales, EBITDA and EPS Sales Adjusted EBITDA Adjusted EPS (€ million) (€ million) (€) +14% +84% +143% 758 68 1,36 668 37 0,56 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 7 | INVESTOR CALL HY 2025 |
Slide 8: Highlights H1 2025
Highlights H1 2025 Record performance in H1 • Record sales and profit achieved by Spices & Nuts segment • Organic Ingredients very strong performance supported by cocoa results • Edible Seeds significantly impacted by margin pressure and uncertainty re US tariffs • Volumes Tea under pressure, howeve
Slide 9: H1 2025 results in line with Strategic direction
H1 2025 results in line with Strategic direction Target 2029 2025 H1 Further building scale Sales in specialty markets € 2 Billion 758 M +14% Delivering a EBITDA healthy margin c. 9% 9% Maintain a strong balance sheet; Debt / EBITDA remain resilient to market changes and manage risks < 2.5 2.1 Remai
Slide 10: Be the leading partner in plant-based
Strategic Vision Value creation tree Market dynamics Be the leading Food trends partner in plant-based Rising demand for healthier yet tasty food ingredients foods in conventional and Food Friendly for organic specialty availability people & planet markets Increased Food production importance within
Slide 11: Spotlight – Delinuts & Delinuts Nordics
Spotlight – Delinuts & Delinuts Nordics Synergistic Initiatives Shared booth at Private Label Manufacturers Association with European customer meetings Food trends Customer specific concept-development for Nordics customer to support trending market demands Food availability Utilizing Delinuts capab
Slide 12: Spotlight – Tradin Organic
Spotlight – Tradin Organic Project Tradin Sierra Leone Tradin Organic project in Sierra Leone promoting agroforestry practices People & planet Tradin Organic and its partner ECOTOP aim to convert 1,100 hectares of savannah and idle farmland in Sierra Leone into dynamic agroforestry systems over the
Slide 13: Spotlight - Snick EuroIngredients
Spotlight - Snick EuroIngredients Oostende Belgium Facility New facility in Oostende (Belgium) expands wet blend capacity and offerings Food trends Demand for natural wet blends is growing and aligns with the latest food trends Food availability Flexible processing capabilities enable tailored custo
Slide 14: Sustainability
Sustainability Performance – Initiatives & scores • Successful achievement 3 out of 4 target scores of the sustainability- linked loan for 2024, leading to a reduction in interest rate. • Further greening of energy consumption through reduction initiatives, purchase of renewable electricity & instal
Slide 15: Building routes to healthier foods
Building routes to healthier foods
Slide 16: Mirjam van Thiel, ACOMO CFO
Mirjam van Thiel ACOMO CFO
Slide 17: Spices and Nuts, Edible Seeds, Organic Ingredients, Tea, Food Solutions
Spices and Nuts Edible Seeds Organic Ingredients Tea Food Solutions 17 | INVESTOR CALL HY 2025 |
Slide 18: Spices & Nuts
Sales (€ million) Spices & Nuts +16% 267 230 Continued strong performance • Strong sales and profit performance • All businesses contributed to growth H1 2024 H1 2025 • Increasing market prices for most spices, desiccated Adjusted EBITDA (€ million) coconut and nuts +41% • Result includes the Nordic
Slide 19: Edible Seeds
Sales (€ million) Edible Seeds 134 -7% 124 Declining export, and margin pressure impacted results • North American business impacted by declining export and uncertainty around tariffs H1 H1 2024 2025 • Higher sales for Wildlife and SunButter, offset by soft demand co manufacturing and decline export
Slide 20: Organic Ingredients
Sales (€ million) Organic Ingredients +33% 303 Strong performance of H2 2024 continues in H1 2025 228 • Strong Sales and EBITDA performance • Consumer demand for organic continues to evolve positively H1 2024 H1 2025 • Strong results of the cocoa: Adjusted EBITDA - First half 2024 materially impacte
Slide 21: Tea
Sales (€ million) Tea 66 -18% Sales and EBITDA decline due to challenging global market dynamics 54 • Challenging environment • More fragmented customer base H1 2024 H1 2025 • Project to migrate to a more centralized commercial Adjusted EBITDA model (€ million) -20% 3 2 H1 H1 2024 2025 21 | INVESTOR
Slide 22: Food Solutions
Sales (€ million) Food Solutions +9% 13 12 Strong performance 1H, successfully transferred wet blends to new facility • Record EBITDA performance • Increased volumes dry and wet blends H1 2024 H1 2025 • Transferred production of wet blend to the new facility Adjusted EBITDA • Ready to scale up produ
Slide 23: 2025 H1 key financials
2025 H1 key financials Year on year strong growth both in sales and profit (in € millions) H1 2025 H1 2024 Change Sales 758.4 668.2 14% Cost of goods sold (630.7) (579.4) 9% Gross Profit 127.8 88.8 44% Gross Profit % of Sales 16.9% 13.3% +3.6%-pts General and administrative expenses (64.4) (56.1) 15
Slide 24: Cash Flow Development
Cash Flow Development Significant increase in cash flow excluding Working Capital. Holding facilitates commercial investment in Working Capital (in € millions) H1 2025 H1 2024 Change Profit before tax 59.1 24.4 142% Cash Flow from operating activities excluding Working Capital 74.3 36.2 105% Changes
Slide 25: Working Capital Development
Working Capital Development Significant increase in cash flow excluding Working Capital. Holding facilitates commercial investment in Working Capital Working Capital Development (€ million) 600 550 500 450 400 350 300 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 ’22 ’23 ’24 ’25 25 | INVESTOR CALL
Slide 26: Ratios
Ratios Strong ratios; decline in solvency due to investment in Working Capital Solvency Debt Leverage (Equity / assets) (Net Debt / EBITDA) 53.7% 2,7 50.7% 47.2% 2,3 2,1 H1 2024 YE 2024 H1 2025 H1 2024 YE 2024 H1 2025 26 | INVESTOR CALL HY 2025 |
Slide 27: Investor Relations
Investor Relations • Capital Market Day April 2025 • Half yearly investor calls • Investor meetings • New improved website (go-live 2H 2025) 27 | INVESTOR CALL HY 2025 |
Slide 28: Building routes to healthier foods
Building routes to healthier foods
Slide 29: Key takeaways
Key takeaways Strong overall performance Good demand in volatile environment Healthy balance sheet despite increased working capital Initiatives to address opportunities and challenges 29 | INVESTOR CALL HY 2025 |
Slide 30: Q&A
Q&A
Slide 31: Building routes to healthier foods
Building routes to healthier foods
Slide 32: Slide 32