Slide 1: Q1 IMS 2025 Interim Management Statement
The Future of Sustainable Nutrition Q1 IMS 2025 Interim Management Statement 1 May 2025
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, Kerry’s strategy, revenues, earnings, EBITDA, EBITDA margin, finance costs, tax rate, capital expenditure, dividends, share buybacks, cash flow
Slide 3: Q1 2025 Interim Management Statement
Q1 2025 Interim Management Statement Edmond Scanlon Marguerite Larkin Chief Executive Officer Chief Financial Officer © Kerry 2025 | 3
Slide 4: Q1 2025 Overview
Q1 2025 Overview EBITDA Margin 2025 CCY EPS Volume Growth Expansion Guidance Maintained +3.1% +90bps +7 to +11% © Kerry 2025 | 4
Slide 5: Business Review
Business Review Good volume growth and strong margin expansion • Volume growth of 3.1% led by Foodservice and Emerging Markets • Pricing of 0.2% reflected input cost inflation in places • EBITDA margin expansion of 90bps primarily driven by cost efficiencies, contribution from acquisitions, operatin
Slide 6: Regional Review
Regional Review AMERICAS EUROPE APMEA +3.5% +0.1% +5.1% • North America growth led • Good performance in • Strong performance in by Bakery, Snacks & Dairy foodservice, with softer Southeast Asia, Middle East dynamics in the retail and Africa, with China • Retail delivered good channel remaining chal
Slide 7: Revenue Analysis
Revenue Analysis Q1 2024 Q1 2025 +6.3% Translation Acquisitions Currency Transaction / Disposals Price Currency Volume +1.7% +0.8% +0.5% +0.2% +3.1% © Kerry 2025 | 7
Slide 8: Other Matters
Other Matters Tariffs • Local sourcing and production, with extensive global network of 124 manufacturing facilities. • Supporting customers with optimal solutions to mitigate implications, including product reformulation & sourcing alternatives to minimise pricing impact. Input Costs Expect limited
Slide 9: Outlook
Outlook • Against the backdrop of highly dynamic macroeconomic conditions and continually evolving tariff and global trade landscape, Kerry’s extensive local footprint, global sourcing network, and customer-centric business model positions it well to navigate through this period. • While recognising
Slide 10: Appendix
Appendix © Kerry 2025 | 10
Slide 11: Financial Metric Definitions
Financial Metric Definitions Volume Growth Free Cash Flow This represents the sales growth period-on-period, excluding pass- Free cash flow is EBITDA plus movement in average working capital, through pricing on input costs, currency impacts, acquisitions, capital expenditure net (purchase of assets,
Slide 12: Q1 IMS 2025 Interim Management Statement
The Future of Sustainable Nutrition Q1 IMS 2025 Interim Management Statement 1 May 2025