Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — Non-Deal Roadshow (June 2023)
22 slides from Kri-kri Milk Industry's roadshow presentation, June 2023
Slide 1: Investor Presentation June 2023
Investor Presentation June 2023
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | FY 2022, Q1-2023 Kri Kri Legal Legal disclaimer 02 This presentation was prepared by KRI KRI S.A. The information contained herein has been obtained from company and external sources believed to be reliable, but not guaranteed as to its accuracy or completeness. The informati
Slide 3: Slide 3
Slide 4: At a glance
INVESTOR PRESENTATION | FY 2022, Q1-2023 04 At a glance Sales EBITDA PBT +27,7% Y-O-Y -57,7% Y-O-Y -76,8% Y-O-Y 2022 €171,9m 2022 €8,9m 2022 €3,8m 2021 €134,6m 2021 €21,0m 2021 €16,5m 2020 2020 €125,9m 2020 €22,3m 2020 €18,4m 2019 €112,9m 2019 €21,1m 2019 €17,6m 2018 €94,2m 2018 €17,3m 2018 €14,2m Q
Slide 5: Kri Kri today
INVESTOR PRESENTATION | FY 2022, Q1-2023 Kri Kri today 05 • € 172 million sales • 47% participation of exports, with a presence in 42 countries • 1st yogurt producer in Greece • 2nd brand in the Greek ice cream market • 500 employees
Slide 6: Product range: key product segments
INVESTOR PRESENTATION | FY 2022, Q1-2023 Product range Key product segments 06 Yogurt Ice cream Greece Exports Greece Exports Sales €62.4m Sales €72.6m Sales €26.9m Sales €9.0m EBIT margin* 13,0% EBIT margin* 13,7% EBIT margin* 19,3% EBIT margin* 8,3% 20,0% 70,0 12,0% 10,0 18,0% 75,0 20,0% 28,0 10,0
Slide 7: History
INVESTOR PRESENTATION | FY 2022, Q1-2023 History 07 1987 A fully new and highly 2016 2022 technological plant opened 2013 Marinopoulos SA, one of our The energy crisis, with much in a new area signifying An unexpected fire broke out biggest customers in Greece of the countries facing a new era on th
Slide 8: Continuous sales development
INVESTOR PRESENTATION | FY 2022, Q1-2023 Continuous sales development 08 €m. 200,0 171,9 134,6 126,0 110,0 94,2 79,2 67,5 66,8 67,0 63,0 59,3 47,2 47,9 39,7 40,3 33,8 25,4 28,3 19,5 22,5 15,5 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 202
Slide 9: How did we get here?
INVESTOR PRESENTATION | FY 2022, Q1-2023 How did we get here? 09 We highlight We take advantage of opportunities and business strengthen their opportunities dynamics We respect all stakeholders
Slide 10: Market Review Yogurt Greece
INVESTOR PRESENTATION | FY 2022, Q1-2023 Market Review Yogurt Greece 10 Kri Kri Branded market share Key Highlights Branded 17,0% 16,6% ➢ 96% brand awareness ➢ Increased value market share +5.7pp ➢ High market penetration ➢ Improved average price per Kg ➢ Sold in 100% of Greek supermarkets 13,0% ➢ C
Slide 11: Market Review Yogurt Greece: Strategic Pillars
INVESTOR PRESENTATION | FY 2022, Q1-2023 Market Review Yogurt Greece 11 Strategic Pillars Attention to profitable niches Focus on Strained Category Innovative products For kids and infants Improving quality by constantly High Protein and super foods Leader in kids' yogurt category investing in new t
Slide 12: 50% revenue from exports, 42 countries
INVESTOR PRESENTATION | FY 2022, Q1-2023 50% revenue from exports 12 €m. 81 Contr. 62,0 42 Countries 55,5 2022 47,0 ΙTALY 36,0% 35,0 U.K. 35,0% 24,1 ΙRELAND 3,5% 16,6 SWEDEN 3,2% 8 8,6 9,9 11,5 9,0 12,5 OTHER 22,3% 2010 2012 2014 2016 2018 2020 2022
Slide 13: Macroeconomic environment
INVESTOR PRESENTATION | FY 2022, Q1-2023 Macroeconomic environment 13 cost Δ price surcharge Key Highlights Energy costs 122% €3,3m Energy • Uncontrollable, high input cost inflation Transportation 13% €1,0m crisis • Total cost surcharge: €34m Raw materials 32% €29,7m Raw milk price 150 +37% 140 130
Slide 14: Macroeconomic environment
INVESTOR PRESENTATION | FY 2022, Q1-2023 Macroeconomic environment 14 Key Highlights Raw milk price 148 • 4 round of products’ price increases • Price increases offset only a part of the losses +6% resulted from higher input costs +10% • There is a time lag of price increases +7% • Profitability mar
Slide 15: Gross Profit bridge
INVESTOR PRESENTATION | FY 2022, Q1-2023 Gross Profit bridge 15 €m.
Slide 16: Segment review Yogurt Exports
INVESTOR PRESENTATION | FY 2022, Q1-2023 Segment review Yogurt Exports 16 22,9 Key Highlights 15,0 • Double digit sales growth at +52.9% in Q1 • Italy up 54.2%, UK +50.4% 5,3 • Sweden, Denmark, Belgium, Austria, 0,4 Ireland doing well Sales EBIT Q1-2023 Q1-2022 Sales +52.9% EBIT % (2023) 23.1% EBIT
Slide 17: Segment review Yogurt Greece
INVESTOR PRESENTATION | FY 2022, Q1-2023 Segment review Yogurt Greece 17 17,5 Key Highlights 12,2 • Inflation has led the overall domestic 2,8 Sales +43.3% market to decrease in volume (-2,7%), 0,8 EBIT % (2023) 16.1% while the value has increased by +12,5% Sales EBIT EBIT % (2021) 15.2% • Kri-Kri a
Slide 18: Segment review Ice cream
INVESTOR PRESENTATION | FY 2022, Q1-2023 Segment review Ice cream 18 Q1 is not representative because of seasonality Strategic choices / Exports • Greek Frozen Yogurt: combines the healthy values of Greek SALES Q1.2023 +54.8% y-o-y yogurt, with the pleasure of ice-cream • Private label ice-creams in
Slide 19: Estimates for 2023
INVESTOR PRESENTATION | FY 2022, Q1-2023 Estimates for 2023 19 Total sales are expected to reach €200m in Sales Growth 2023. 2023 IFRS - €m 2022 Δ% 2021 2020 est. Sales 200,0 171,8 16,4% 134,6 126 EBIT margin for 2023 is expected to reach Profit Margins 2021 EBIT margin level i.e. 12.4%. EBIT 24,8 4
Slide 20: Dividend
INVESTOR PRESENTATION | FY 2022, Q1-2023 Dividend 20 20,0 18,4 17,6 18,0 1,95 16,5 16,0 2022 2021 2020 2019 2018 2017 14,2 14,0 EBT (€m) 3,8 16,5 18,4 17,6 14,2 9,9 1,45 12,0 EAT (€m) 3,2 13,2 15,8 15 10,1 7,3 9,9 10,0 EPS 0,10 0,40 0,48 0,45 0,31 0,22 0,95 8,0 DPS 0,20 0,20 0,20 0,18 0,15 0,12 6,0
Slide 21: Share information
INVESTOR PRESENTATION | FY 2022, Q1-2023 Share information 21 Share information Shareholders’ structure Contact information Market: Main market Tsinavos Family : 73,2% KRI KRI S.A. MILK INDUSTRY 3rd km Serres-Drama Sector: Food & Beverage Legal Entities : 20,1% Serres PC 62125 Individuals : 6,7% Gre
Slide 22: Investment proposal summary
INVESTOR PRESENTATION | FY 2022, Q1-2023 Investment proposal summary 22 Investment ✓ One of the few listed companies globally with clear exposure to the Greek Yogurt investment theme. ✓ High returns and dividend payments to shareholders. Management ✓ An experienced and loyal management team that has
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