Royal Unibrew A/s · OMXCOP:RBREW

Royal Unibrew A/s — Royal Unibrew A S — Q3 2025 Earnings Presentation

14 slides from Royal Unibrew A/s's earnings presentation, Nov 13, 2025

  1. Slide 1: Q3 2025 Trading Update Presentation

    Q3 2025 Trading Update Presentation Copyright © Royal Unibrew. All rights reserved. By Lars Jensen (CEO) & Lars Vestergaard (CFO)

  2. Slide 2: Disclaimer

    This presentation contains forward-looking statements, including statements about the Group’s sales, revenue, earnings, spending, margins, cash flows, inventories, products, actions, plans, strategies, objectives, and guidance with respect to the Group’s future operating results. Forward-looking sta

  3. Slide 3: Solid Commercial Performance and Margin Expansion

    Solid Commercial Performance and Margin Expansion Growth Framework Operational Efficiency Long-Term Commitment Unchanged • 60% of net revenue sits in • Operational efficiency gains • Yearly organic EBIT growth our growth categories across organization of 6-8% • Outperforming European • Our new marke

  4. Slide 4: Q3 2025 Highlights

    Q3 2025 Highlights ORGANIC VOLUME GROWTH 3.7% (YTD 3.8%) • Market share gains and solid commercial performance ORGANIC NET REVENUE GROWTH • Margin expansion from efficiency focus 4.3% (YTD 3.2%) • Focus on our growth framework while we exit low-margin categories ORGANIC EBIT GROWTH • EPS increased b

  5. Slide 5: Northern Europe

    Northern Europe • Region overall: Organic volume up 1% and organic net revenue up 3.3% in Q3 • Finland: Rebounded in Q3 after a cold Q2, Q3 Q3 YTD YTD contributing positively to price/mix for the mDKK 2025 2024 2025 2024 segment Volumes (mHL) 3.0 2.9 8.2 8.3 • Denmark: Continues to gain value share

  6. Slide 6: Western Europe

    Western Europe • Region overall: 9% organic volume growth and 10.9% net revenue growth in Q3, driven by new activities in BeLux* • Italy: Continued market share gains, but lower Q3 Q3 YTD YTD growth than H1 impacted by colder weather in Q3. mDKK 2025 2024 2025 2024 Positive price/mix from reduced pr

  7. Slide 7: International

    International • Sell-out growth remains in low-teens across key markets, confirming strong consumer demand for our brands Q3 Q3 YTD YTD mDKK 2025 2024 2025 2024 • Volumes +5.3% in Q3 and +11.9% YTD. Sell-in Volumes (mHL) 0.4 0.4 1.3 1.1 growth is now recalibrated with sell-out Organic volume growth

  8. Slide 8: P&L Review Q3 2025

    P&L Review Q3 2025 • Net revenue up 5.3% in Q3 (4.2% YTD) • Gross profit up 5.9% in Q3 (5.1% Q3 Q3 % YTD YTD % mDKK 2025 2024 2025 2024 YTD), reflecting focus on profitable Volumes (mhL) 4.9 4.7 4.2% 13.7 13.2 4.2% growth and efficiency. Organic volume growth 3.7% 8.3% 3.8% 5.0% • Cost base up 0.6%

  9. Slide 9: Cashflow and Ratios Q1-Q3 2025

    Cashflow and Ratios Q1-Q3 2025 • Cash flow is tracking in line with our plans YTD YTD • Operating cash flow of DKK 1,724m (2024: DKK mDKK 2025 2024 1,466m). Growth mainly driven by higher EBIT in Net profit for the year 1,215 1,232 2025 Adj. for non-cash items 1,083 847 • Capex (incl. leasing) is in

  10. Slide 10: 2025 Outlook – EBIT Expected at High End of Range

    2025 Outlook – EBIT Expected at High End of Range Actual 2024 2025 Comment DKKm Guidance Net revenue 15,036 +5-6% Growth rates include impact from Minttu- EBIT 1,968 +8-12% transaction in Finland and new activity in BeLux Net financial expenses 301 250 Excl. currency losses or gains Effective tax ra

  11. Slide 11: Management Agenda

    Management Agenda • Continue executing our growth strategy with focused efforts across: • Growth markets • New markets • Developed markets • Drive operational efficiency, optimize resource use, and maintain a sharp focus on cost discipline Copyright © Royal Unibrew. All rights reserved. • Advance on

  12. Slide 12: Key takeaways

    1 2 • Performing above industry average • Operational efficiency driving margin expansion Key takeaways • Exit from low-margin categories will reduce full-year revenue by ~3.5% in 2026 with no EBIT impact Copyright © Royal Unibrew. All rights reserved. • Robust cash flow and balance sheet, enabling

  13. Slide 13: Q&A

    Q&A 13 Copyright © Royal Unibrew. All rights reserved.

  14. Slide 14: Share Information, Financial Calendar and Investor Relations Contacts

    Share Information Financial Calendar 2026 Investor Relations Contacts Royal Unibrew A/S is listed on Nasdaq February 26 2025 Annual Report Royal Unibrew A/S Copenhagen under the symbol Faxe Alle 1 “RBREW”. April 29 Q1 Trading Statement DK-4640 Faxe investor.relations@royalunibrew.com For further inf

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