Slide 1: FY 2023 Results
FY 2023 Results Conference call – March 13, 2024
Slide 2: Important information
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Slide 3: FY 2023 - Financial highlights
FY 2023 - Financial highlights €m Total Revenues EBITDA EBIT Net Income 2,085.5 123.1 1,930.5 82.1 84.9 46.2 47.1 26.6 FY 22 FY 23 FY 22 FY 23 FY 22 FY 23 FY 22 FY 23 - Total Revenues in FY 2023 amounted to 2,085.5€m (+155€m on 2022). For the first time MARR closed a business year exceeding 2€ billi
Slide 4: FY 2023 - Sales
FY 2023 - Sales 4Q €m FY 2,051.2 1,896.6 425.1 449.3 1,365.9 Street Market 1,256.8 267.1 280.6 National Account Wholesale 422.4 484.6 118.6 113.5 39.5 55.2 217.4 200.7 4Q 2022 4Q 2023 FY 2022 FY 2023 - FY 2023 Sales reached 2,051.2€m and its growth was also affected by inflationary dynamics: acceler
Slide 5: FY 2023 - Prices and GM dynamics
FY 2023 - Prices and GM dynamics €/kg price change - on 2019 €/kg Gross Margin trend - basis 100% on 2019 9M 12M 9M 12M Street Market Total Street Market Total Street Market Total Street Market Total 124% 126% 27% 26% 27% 26% 112% 113% 21% 18% 22% 18% 123% 123% 108% 109% 100% 100% 2022 2023 2022 202
Slide 6: FY 2023 - Income statement
FY 2023 - Income statement 4Q 19 % 4Q 22 % 4Q 23 % €m FY 19 % FY 22 % FY 23 % 393.7 100.0% 435.5 100.0% 459.0 100.0% Total revenues 1,695.8 100.0% 1,930.5 100.0% 2,085.5 100.0% − Confirmed GM recovery in 4Q 2023 (313.2) -79.5% (352.6) -81.0% (365.3) -79.6% Cost of goods sold (1,333.5) -78.6% (1,548.
Slide 7: Trade NWC as at December 2023
Trade NWC as at 31 December 2023 Trade NWC €m 31.12.19 31.12.22 31.12.23 Cash conversion cycle - days Accounts Receivable 368.6 353.8 348.7 93 Days 79 67 61 89 84 Inventory 170.4 209.9 203.4 79 67 Days 47 49 45 61 47 Accounts Payable (324.5) (394.6) (381.4) 49 45 Days 89 93 84 37 Trade NWC 214.5 169
Slide 8: Net Debt as at December 2023
Net Debt as at 31 December 2023 Net Debt €m 31.12.19 31.12.22 31.12.23 - Net debt before IFRS 16 as at 31 December 2023 Liquidity 192.5 191.7 223.4 amounted to 141.8€m (138.3€m at the end of 2022) after Short-term Net debt (175.2) (110.8) (107.8) net investments for 26.6€m of which 17.4€m relating t
Slide 9: FY 2023 – Dividend proposal
FY 2023 – Dividend proposal € EPS DPS 1.03 1.00 0.78 0.72 0.60 0.53 0.47 0.40 0.38 0.35 -0.04 2018 2019 2020 ott-21 2021 2022 2023 - The BoD proposes for the approval of the Shareholders’ Meeting of next 19th April a gross DPS of 0.60€ - The undistributed profit, the amount of which will be determin
Slide 10: 2023 Sustainability Report
2023 Sustainability Report - The Board of Directors of MARR S.p.A. examined and approved the Sustainability Report - Consolidated Non-Financial Statement 2023 pursuant to Legislative Decree 254/2016 that will be made public on the Company's website within the terms of the law - MARR, for the purpose
Slide 11: Current trading
Current trading - Sales to clients of Street Market and National Account segments in the first two months of 2024 are consistent with the growth and margin objectives expected for the year - These results have been achieved in a context of Out-of-Home food consumption in Italy which is expected to g
Slide 12: Investor Relations contacts
Investor Relations contacts Antonio Tiso atiso@marr.it tel. +39 0541 746803 mob. +39 331 6873686 Léon Van Lancker lvanlancker@marr.it mob. +39 335 1872014 MARR S.p.A. Via Spagna, 20 - 47921 Rimini (Italy) website www.marr.it 12