Aryzta Ag · SIX:ARYN

Aryzta — ZKB Conference 2024

12 slides from Aryzta's conference presentation, Nov 7, 2024

  1. Slide 1: ZKB Conference - ARYZTA AG

    ZKB CONFERENCE ARYZTA AG 7th November 2024

  2. Slide 2: Consolidation of Turnaround

    CONSOLIDATION OF TURNAROUND

  3. Slide 3: From Distress… to Success

    CONSOLIDATION OF TURNAROUND FROM DISTRESS… TO SUCCESS VALUE Lack of industry Strong Cash Flow knowhow & De-leveraging Declining / negative Return of OG driven growth by innovation Uncontrolled M&A Sustainable margin Losses and debt Knowledgeable and PMI Board & ExCo progression increases Lack of inn

  4. Slide 4: ARYZTA has added CHF 1.2B to shareholder value in the last 4 years

    CONSOLIDATION OF TURNAROUND ARYZTA HAS ADDED CHF 1.2B TO SHAREHOLDER VALUE IN THE LAST 4 YEARS 650 550 ARYZTA: +424% 450 350 250 SPI-Index: +32% 150 SMI-Index:+23% 50 EURO STOXX 600 F&B: 0% 23.04.2020 23.10.2020 23.04.2021 23.10.2021 23.04.2022 23.10.2022 23.04.2023 23.10.2023 23.04.2024 23.10.2024

  5. Slide 5: Innovation-led growth

    CONSOLIDATION OF TURNAROUND INNOVATION-LED GROWTH  State-of-the-art innovation center in Germany:  Available to all Group’s businesses from H1 2025  Covering ARYZTA’s entire portfolio capabilities  Serving all customers and channels New capacity to leverage consumer trends:  Malaysian laminated

  6. Slide 6: New RCF agreed – CHF 325M hybrid buy-back

    CONSOLIDATION OF TURNAROUND NEW RCF AGREED – CHF 325M HYBRID BUY-BACK New 5-year re-financing Hybrid bonds outstanding • €930m RCF - same terms as existing facility • Hybrid 4.213%: CHF 144.3m c. €11.5m expected savings in 2025 • Term-Loan repaid • Extends maturity and headroom 6

  7. Slide 7: Key highlights Q3 revenue

    CONSOLIDATION OF TURNAROUND KEY HIGHLIGHTS Q3 REVENUE  Q3 revenue €552.2m; 9-month revenue €1,607.4m  Q3 OG of 2.0%, on strong volume rebound  Driven by Innovation, QSR recovery and portfolio optimisation  Deflation risk balanced by labour/ services / raw materials  Targeting FY 2024 OG at the

  8. Slide 8: Five out of six mid-term targets delivered

    CONSOLIDATION OF TURNAROUND FIVE OUT OF SIX MID-TERM TARGETS DELIVERED Organic growth (CAGR) EBITDA Margin ROIC 4.5%–5.5% ≥14.5% ≥11.0% Revenue (€) CAPEX as % of revenue Total net debt leverage (incl. hybrids) >2bn 3.5%–4.0% <3x 8

  9. Slide 9: And now… we move on

    .. WE MOVE ON ARYZTA SERVING INSPIRATION

  10. Slide 10: Committed to address investors' interests at the next CMD

    AND NOW… WE MOVE ON COMMITTED TO ADDRESS INVESTORS’ INTERESTS AT THE NEXT CMD ARYZTA Capital Markets Day 7th May 2025 New CEO - Continuation Review of Capital of strategy allocation strategy Bake-off market Further B/S outlook update optimization New set of mid-term targets 10

  11. Slide 11: Continued focus on shareholder returns

    AND NOW… WE MOVE ON CONTINUED FOCUS ON SHAREHOLDER RETURNS Further building on our strong investment case Successful innovation- Sustainable shareholders led OG-strategy value creation ARYZTA delivering on promises 11

  12. Slide 12: Thank you

    Thank you 12

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