Barry Callebaut Ag · SIX:BARN
Barry Callebaut — Investor Day (May 2022)
12 slides from Barry Callebaut's investor day presentation, May 11, 2022
Slide 1: Capital Markets Day
Capital Markets Day Zurich, 11 May 2022
Slide 2: Sharpened business model
Sharpened business model Ben De Schryver, Chief Financial Officer Zurich, 11 May 2022
Slide 3: Evolving execution, consistent strong results
Sharpened business model Volume Evolving execution, in tsd tonnes consistent strong results +4.5%1 -2.0% +5-7%2 +9.0%1 Three cycles of strong volume and profit growth 2,096 2,140 2,192 1,834 1,795 1,269 • 10-year average volume growth +5.7%1 p.a., compared to +0.6%3 p.a. of underlying chocolate 10/1
Slide 4: Strengthened key financials
Sharpened business model Strengthened key financials Group FY 2016/17 FY 2020/21 CAGR restated Adjusted Free cash flow1 266.0 314.9 +10.0% ROIC (%) 11.0% 12.2% +120bp ROE (%) 12.5% 14.3% +180bp Earnings per share (CHF) 47.8 70.0 +10.0% Dividend per share (CHF) 20.00 28.00 +8.8% Share price at year e
Slide 5: 3-year mid-term guidance 2020/21 to 2022/23
Sharpened business model 3-year mid-term guidance 2020/21 to 2022/23 EBIT growth in local currency Average volume growth +5-7% above volume growth1 • Increased mid-term guidance starting on lower base due • Cost-plus model provides protection in a volatile and to COVID-19 impact in 2019/20 inflation
Slide 6: How we create value for shareholders
Sharpened business model Profit1 Capital employed How we create value for shareholders +10.0%2 +3.1%2 • Robust long-term strategy supported by solid pipeline of complementary value-adding projects 16/17 17/18 17/19 19/20 20/21 16/17 17/18 17/19 19/20 20/21 • Consistent, strong and balanced volume gr
Slide 7: Key Growth Drivers: Emerging Markets
Sharpened business model +6.9%1 p.a. Key Growth Drivers: average volume growth 37%2 Emerging Markets of total volume Broad based across the globe (CAGR1) India Indonesia China Brazil Chile Turkey +27% +7% +15% +4% +6% +13% Continuing to expand market penetration • Distribution / route-to-market • Ex
Slide 8: Key Growth Drivers: Outsourcing
Sharpened business model +4.8%1 p.a. Key Growth Drivers: average volume growth 35%2 Outsourcing of total volume Large opportunity • 60% of market still captive • Sweet spot adding 30,000 – 40,000 MT on average per year Strong long-term partnerships • Renewals of important contracts testimony of reli
Slide 9: Key Growth Drivers: Gourmet & Specialties
Sharpened business model +4.9%1 p.a. Key Growth Drivers: average volume growth 11%2 Gourmet & Specialties of total volume Winning in different segments Horeca Confectionery BaPA Ice Cream Driving value-adding portfolio • From cocoa powder to chocolate and compound • Fillings and Inclusions • Decorat
Slide 10: Further leverage scale to drive Cost Leadership
Sharpened business model Further leverage scale to drive Cost Leadership OPTIMIZE PRODUCTIVITY & REDUCE COMPLEXITY • Global network allows clustering of volumes • Leading to optimized productivity and reduced complexity • High level of customer service and optimized transportation costs OPERATIONAL
Slide 11: Strong Balance sheet based on solid financing
Sharpened business model Strong Balance sheet based Net working capital and as % of sales on solid financing 2’000 (as per year end August) 30.0% 25.0% 17.2% Equity Fixed assets 1’500 20.0% 1’000 15.0% Debt Working capital 10.0% 500 5.0% • Seasonality, mainly due to cocoa bean harvest cycle, covered
Slide 12: Key take away
Sharpened business model Key take away Coming out of COVID-19 pandemic with successfully sharpened Sharpened business business model Continue to drive product and customer mix as preferred solution partner for Innovation and Sustainability Optimize productivity and reduce complexity Leveraging scale