Strauss Group Ltd · TASE:STRS
Strauss — Strauss Group Ltd Ord — Q2 2026 Earnings Presentation
41 slides from Strauss's earnings presentation, Aug 12, 2026
Slide 1: Strauss Group Q2-2026 Financial Results
STRAUSS GROUP Q2-2026 Financial Results Aug 12th, 2026
Slide 2: Disclaimer GAAP to Non-GAAP Reconciliations
Disclaimer GAAP to Non-GAAP This presentation does not constitute an offering to purchase or sell securities of Strauss Reconciliations In addition to reporting financial results in accordance with generally accepted Group Ltd. (the “Company”) or an offer for the receipt of such offerings. The accou
Slide 3: Strauss Group Q2-2026 Summary
Strauss Group | Q2-2026 Summary Record EBIT of NIS 363m, up 42% with Solid organic volume growth across all EBIT margin of 12.6%, reflecting solid key business segments2 profitability in both Strauss Israel and Coffee Int’l Focus on core brands growth by LFL sales declined 1.9% mainly due to introdu
Slide 4: Group Q2 & H1-2026 Financial Highlights
Group Q2 & H1-2026 Financial Highlights | NIS m; Non-GAAP % change w/o % change w/o Q2-2026 Q2-2025 % change FX impact 1 H1-2026 H1-2025 % change FX impact 1 Net Sales1 2,867 3,073 -6.7% -1.9% 5,868 6,063 -3.2% 0.3% Gross profit 986 868 13.6% 17.6% 1,943 1,649 17.9% 20.9% Gross Margin 34.4% 28.3% 33
Slide 5: Strauss Israel Highlights
Strauss Israel Highlights Highlights ■ Volume growth and flat organic Q2 sales.1 Strong EBIT growth led by productivity, FX and one-time insurance income Q2-26 Performance by division ■ Health & Wellness - EBIT growth led by productivity, (Non-GAAP, NIS m) FX and mix, despite sales decline due to di
Slide 6: Israel Core Brands
Israel Core Brands In Q2-2026 we continued to expand our core brands with a lineup of new product launches C RE BRANDS 6 Images for illustration purposes only
Slide 7: Israel Brands survey 2026
Israel Brands survey 2026 9 brands among the top 100 brands in Israel #9 #17 #39 #45 #75 #13 #32 #44 #55 Source: Globes 2026 brand survey, www.globes.co.il 7
Slide 8: Coffee International Highlights
Coffee International Highlights Highlights Coffee International Q2-2026 ▪ Lower LFL sales driven by passthrough of lower green performance (Non-GAAP, NIS m) coffee cost in Brazil,1 partially offset by higher volumes 3corações (Brazil) Q2-2026 ▪ Strong EBIT growth and margin improvement, driven by Pe
Slide 9: Strauss Water Highlights
Strauss Water Highlights Highlights Strauss Water Q2-2026 performance (Non-GAAP, NIS m) ▪ Sales growth supported by higher install base in Israel and UK and sales recovery post Q1 war impact +7.1% Net sales ▪ Improved EBIT mainly due to higher sales and 218 233 operational productivity Q2-2025 Q2-20
Slide 10: Our Strategy – Double Down On The Core
Our Strategy – Double Down On The Core STRONGER BRAZIL COFFEE & BEYOND INTERNATIONAL WATER PLAYER HOME BASE FUTURE READY & RESILIENT 10
Slide 11: Productivity Journey
Productivity Journey KEY INIT IAT IV ES STRATEGIC REVENUE GROWTH PROCUREMENT MANAGEMENT & MARKETING ROI OPERATIONAL CAPABILITY EXCELLENCE BUILDING AND MINDSET ON TRACK TO ACHIEVING NIS 300-400M IN RUN RATE SAVINGS BY 2026 11
Slide 12: Reminder of Long Term Targets
Top-line Growth 5% CAGR 2024-2026 Playbook Expanding Margins 10%-12% EBIT margin in 2026 REMINDER OF Enhancing Cost Structure LONG TERM TARGETS 300-400m NIS by 2026 Productivity Investing In The CAPEX to reach 5%- Future 7% of sales 2024-2026 as published in March 2024 Focusing 85% of total on the C
Slide 13: ESG Highlights
ESG Highlights ESG Rankings BDI survey (2026) Top Israeli companies in food, beverages & consumer goods AA Results 43 Rank Company BDI Top 100 Holding our #1 01 Strauss 16 (+5) 2025 ESG Highlights position in food & beverages 02 Tnuva 36 (+1) Reported Group-wide Scope 3 48% 03 Soda Stream 43 (+4)
Slide 14: LTM KPIs and beyond
LTM KPIs and beyond … NIS m; Non-GAAP Sales EBITDA 1,726 12,312 What’s next? 14.0% margin LTM as of June 20261 Group strategy 2027- Next 2030 in line with the productivity journey Net Income to Shareholders EBIT 1,301 Visionary Goals 701 10.6% margin 5.7% margin AI & Digital Focus on financial disci
Slide 15: Financial Results
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Slide 16: Group & Segment Sales Q2-2026
Strauss Group & Segment Sales Q2-2026| NIS m; Non-GAAP Strauss Group Q2 Sales Bridge: ■ Strauss Israel - sales decline impacted mainly by CTG divestment ■ Coffee International - Sales decline mainly due to FX1 translation impact and lower pricing following decline in green coffee cost, partially off
Slide 17: Group & Segment Sales H1-2026
Strauss Group & Segment Sales H1-2026 | NIS m; Non-GAAP Strauss Group H1 Sales Bridge: ■ Strauss Israel - Sales growth driven by volume and pricing in 2025, despite CTG divestment ■ Coffee International - Sales impacted by declining selling prices following decline in green coffee cost and FX transl
Slide 18: Group EBIT Q2-2026
Strauss Group EBIT Q2-2026 | NIS m; Non-GAAP Strauss Group Q2 EBIT Bridge: 1 ▪ Strauss Israel – Higher EBIT +41.9% supported by stronger shekel and 12.6% 56 2 productivity gains as well as one- 63 (3) 8.3% time insurance income (10) 363 255 245 ▪ Coffee International – Strong EBIT Q2- Translation EB
Slide 19: Group EBIT H1-2026
Strauss Group EBIT H1-2026 | NIS m; Non-GAAP Strauss Group H1 EBIT Bridge: 1 ▪ Strauss Israel – EBIT increase led by +52.9% sales growth, stronger shekel and 136 11.6% productivity gains. Additionally, 125 (7) (6) 7.3% cocoa derivative loss in H1-25 and (13) 679 444 431 one-time insurance income in
Slide 20: Group Q2-2026 & H1-2026 Net Income
Strauss Group Q2-2026 & H1-2026 Net Income1 NIS m; Non-GAAP Strauss Group Q2 Net Income bridge: +113.3% 108 2 ▪ Strong Net Income growth (3) (2) driven by substantial EBIT 195 increase, partially offset in H1 90 by higher finance and tax Q2-2025 EBIT Finance exp. Taxes on Income Non-controlling Q2-2
Slide 21: Group Q2 & H1-2026 Cash Flow
Strauss Group Q2 & H1- 2026 - Cash Flow NIS m; Non-GAAP FCF and OCF Q2: 265 ▪ FCF improved substantially in 150 Q2, driven by higher EBITDA, OCF YoY Change (NIS m) 51 Q2: +214 lower working capital increase, -89 and lower capex FCF YoY Change (NIS m) Operating Cash Flow Free Cash Flow Q2: +239 Q2-20
Slide 22: Group Net Debt and Net Debt/EBITDA
Strauss Group Net Debt and Net Debt /EBITDA NIS m; Non-GAAP 2,966 2,767 2,504 2,354 ▪ Net Debt/EBITDA y-o-y 2,223 improvement due to robust EBITDA growth and working capital release 2.4x 2.1x ▪ GAAP Net Debt of NIS 2,387m as of 1.6x 1.5x 1.5x June 30th, 2026; Net Debt/EBITDA ratio of 1.6x vs. 2.2x i
Slide 23: Israel
Strauss Israel 23
Slide 24: Israel Sales Q2-2026
Strauss Israel Sales Q2-2026| NIS m; Non-GAAP Strauss Israel Q2 Sales bridge: ■ H&W1- Growth impacted by discontinued certain 3rd party products distribution, partially offset by pricing in 2025 ■ F&I1 (Snacks & Confectionery) - Growth driven by pricing in 2025, following raw materials cost increase
Slide 25: Israel Sales H1-2026
Strauss Israel Sales H1-2026 | NIS m; Non-GAAP Strauss Israel H1-2026 Sales bridge: ■ H&W1- Volume-driven growth and pricing following regulated milk price changes, partially offset by discontinued 3rd party distribution ■ F&I1 (Snacks & Confectionery) - Growth driven by pricing in 2025 following ra
Slide 26: Israel & Segments EBIT Q2 & H1-2026
Strauss Israel & Segments EBIT Q2 & H1-2026 NIS m; Non-GAAP Strauss Israel Q2 EBIT & margins: ▪ Health & Wellness – Higher Q2 and H1 EBIT led by higher sales and 198 productivity. 4.3% 135 113 117 35.0% 52 ▪ Fun & Indulgence (Snacks & 29 10.3% 15.2% 14.0% 14.6% 1 16.7% 21 Confectionery) – Q2 EBIT gr
Slide 27: Coffee International
Coffee International 27
Slide 28: Coffee International Financial Highlights
Strauss Coffee International Financial Highlights | NIS m; Non-GAAP % change w/o % change w/o Q2-2026 Q2-2025 % change FX impact H1-2026 H1-2025 % change FX impact1 Net Sales 1,334 1,536 -13.1% -3.9% 2,656 2,924 -9.1% -2.2% Gross profit 366 298 22.7% 692 531 30.4% Gross Margin 27.5% 19.4% 26.0% 18.1
Slide 29: Coffee International Sales Q2-2026
Strauss Coffee International Sales Q2-2026 | NIS m; Non-GAAP Strauss Coffee International Q2-2026 Sales Bridge: ■ 3cora^oes 1 - Sales declined due to stronger NIS vs BRL and lower pricing, partially offset by volume growth ■ CEE2 - Sales declined by 8.3% mainly due to stronger NIS vs all regions FX.
Slide 30: Coffee International Sales H1-2026
Strauss Coffee International Sales H1-2026 | NIS m; Non-GAAP Strauss Coffee International H1-2026 Sales Bridge: ■ 3cora^oes 1 - Sales decline due to lower pricing and stronger NIS vs BRL, partially offset by volume growth ■ CEE2 - Sales decline driven mainly by stronger NIS vs all regions FX. LFL CE
Slide 31: Três Corações Alimentos S.A.
Três Corações Alimentos S.A. | GAAP 100%; BRL m Q2-2026 Q2-2025 % change H1-2026 H1-2025 % change Net Sales 3,247 3,537 -8.2% 6,338 6,818 -7.0% Gross profit 895 701 27.7% 1,640 1,194 37.5% Gross Margin 27.5% 19.8% 25.9% 17.5% EBIT 378 280 35.0% 686 376 82.6% EBIT Margin 11.6% 7.9% 10.8% 5.5% ■ Net s
Slide 32: Water
Strauss Water 32
Slide 33: Water Financial Highlights
Strauss Water Financial Highlights | NIS m; Non-GAAP Q2-2026 Q2-2025 % change H1-2026 H1-2025 % change Net Sales 233 218 7.1% 453 424 6.8% Gross profit 120 108 11.7% 226 207 9.1% Gross Margin 51.6% 49.5% 49.9% 48.9% EBIT1 28 26 4.9% 45 52 -13.9% EBIT Margin 11.8% 12.1% 9.9% 12.3% EBITDA1 48 43 10.4%
Slide 34: Haier Strauss Water Financial Highlights
Haier Strauss Water1 Financial Highlights 100%; ¥m; Non-GAAP Q2-2026 Q2-2025 % change H1-2026 H1-2025 % change Net Sales 490 478 2.6% 988 934 5.8% Net Income 35 41 -14.3% 91 103 -12.4% Net Margin 7.1% 8.6% 9.2% 11.0% ■ Continued HSW sales growth, maintained market leadership supported by product lau
Slide 35: Thank you
Thank you For further details please contact: Avshalom Shimi Phone: + 972-52-428-3330 | IR@Strauss-Group.com www.strauss-group.com 35
Slide 36: Appendix
Appendix ▪ GAAP to Non-GAAP reconciliation ▪ Currencies ▪ Commodities Market Prices 36
Slide 37: GAAP to Non-GAAP Reconciliation Items
GAAP to Non-GAAP Reconciliation Items ▪ Adjustments for IFRS 11 – transition from the equity method in the financial accounting (GAAP) reports to the proportionate consolidation method (according to the segmental information based on the Group’s internal management reports). Strauss Group has a numb
Slide 38: Q2 & H1-2026 GAAP and Non-GAAP
Q2 & H1-2026 GAAP and Non-GAAP | NIS m GAAP Non-GAAP GAAP Non-GAAP Q2-2026 Q2-2025 Change Q2-2026 Q2-2025 Change H1-2026 1-2025 Change H1-2026 H1-2025 Change Sales 1,843 1,875 -32 2,867 3,073 -206 3,829 3,762 67 5,868 6,063 -195 Gross Profit 726 583 143 986 868 118 1,377 1,195 182 1,943 1,649 294 Gr
Slide 39: Currencies
Currencies Currencies vs. NIS Currencies vs. USD Average currencies prices for the period Average currencies prices for the period Currency vs. Change YTD-Jun YTD-Jun Change Currency vs. Change YTD-Jun YTD-Jun Change Q2-2026 Q2-2025 Q2-2026 Q2-2025 NIS vs. LY 2026 2025 vs. LY USD vs. LY 2026 2025 vs
Slide 40: Raw Materials Market Prices
Raw Materials Market Prices 1 Q2-2025 Q2-2026 H1-2025 H1-2026 Category Change % Change % average average average average Arabica 364 c/lbs 284 c/lbs -22% 370 c/lbs 301 c/lbs -19% Robusta 4,768 $/T 3,550 $/T -26% 5,107 $/T 3,714 $/T -27% Sugar 493 $/T 438$/T -11% 509 $/T 429$/T -16% Cocoa 6,490 GBP/T
Slide 41: Commodities Price Development 2021-2026
Commodities Price Development 2021-2026 ROBUSTA ARABICA COCOA Robusta price, US$/Ton Arabica price, CT$/IB Cocoa price, GBP/Ton 7,000 500 12000 6,000 450 10000 5,000 +180% 400 350 +167% 8000 +122% 4,000 300 250 309 3,000 3,808 6000 200 3827 2,000 150 4000 100 1,000 50 2000 - 0 0 2021 2022 2023 2024
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