Biomar Group A/s · OMXCOP:BIOMAR
Biomar Group A/s — Q2 2026 Earnings Presentation
20 slides from Biomar Group A/s's earnings presentation, Aug 13, 2026
Slide 1: Q2 2026 Results Conference Call
Q2 2026 Results Conference Call BioMar Group A/S 13 August 2026
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements about future events. Forward-looking statements are statements (other than statements of historical fact) relating to future events and BioMar’s anticipated or planned financial and operational performance. The words “may”, “will”,
Slide 3: Today's presenters
Today’s presenters Carlos Diaz Claus Eskildsen Chief Executive Officer Chief Financial Officer 3
Slide 4: Agenda
BioMar Group | Q2 2026 Results | Conference Call Agenda 01 BioMar in Brief 02 Financial Highlights 03 Business Review 04 Guidance 4
Slide 5: We are innovators dedicated to an efficient and sustainable global aquaculture
BIOMAR IN BRIEF Purpose We are innovators dedicated to an efficient and sustainable global aquaculture 5
Slide 6: Attractive industry tackled with resilient business model
BIOMAR IN BRIEF Attractive industry tackled with resilient business model We operate in an attractive and … which we address with our strong growing industry … and resilient business model Global aquafeed market (high-value) BioMar’s compelling equity story ~22m tonnes1 EUR ~25 bn1 Global #3 high-va
Slide 7: Key highlights in Q2 2026
FINANCIAL HIGHLIGHTS Key highlights in Q2 2026 Business model and financial performance proves its resilience: Q2 delivered all-time high 1 volumes, EBITDA improvement and strong ROIC despite raw material volatility, geopolitical turbulence, IPO costs and Tech Solutions transition. Underlying feed p
Slide 8: Financial performance demonstrating its resilience
FINANCIAL HIGHLIGHTS Financial performance demonstrating its resilience Volume Revenue EBIT ROIC (‘000 tonnes) (DKKm) (DKKm) EBITDA up (incl. GW) by 8m +3% +5% -3% +2.0%p 382 395 3,973 4,164 257 250 23.2% 21.2% Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 +5% 0% -4% 676 710 7,372 7,365 374 359 YT
Slide 9: Building the business for future growth
FINANCIAL HIGHLIGHTS Building the business for future growth HIGHLIGHTS Growth Profit & loss DKKm Q2 2026 Q2 2025 y/y EBIT bridge DKKm • Strong margin-driven EBIT increase driven Revenue 4,164 3,973 5% by strong EBIT per ton development in the feed segment Cost of sales EBIT Q2 2025 257 -3,211 -3,14
Slide 10: Strong cash flow and ROIC generation
FINANCIAL HIGHLIGHTS Strong cash flow and ROIC generation HIGHLIGHTS Working capital & NIBD DKKm Q2 2026 Net working capital % of revenue Q2 2025 • Strong ROIC generation reflecting 11% 12% disciplined NWC management and Total inventories 2,518 2,152 10% 10% 7% increased LTM earnings Trade receivabl
Slide 11: Market update
BUSINESS REVIEW BUSINESS REVIEW Market update • Aquaculture market fundamentals remain supportive across key species and geographies. • Overall, favourable biological conditions continue to support fish and shrimp production growth across most key markets. • Farm-gate prices have declined as supply
Slide 12: BioMar is well positioned to manage marine ingredient price volatility
BUSINESS REVIEW BioMar is well positioned to manage marine ingredient price volatility … with BioMar well positioned Reduced fish oil/meal supply … resulting in significantly higher marine to manage marine ingredient amid sustained demand … ingredient prices… price volatility • El Niño and precautio
Slide 13: Solid development in the feed segments
BUSINESS REVIEW Solid development in the feed segments HIGHLIGHTS Feed segments only1 • Overall, solid development in the feed segments with total volume growth of 3% Volume EBIT* EBIT per tonne and EBIT growth of 7% (Q-t-Q) (excl. biological assets) (‘000 tonnes) (DKKm) (DKK) • For YTD, total feed
Slide 14: Salmon
BUSINESS REVIEW Salmon Growth Profit & loss DKKm Q2 2026 Q2 2025 y/y Volumes ‘000 tonnes Volume ('000 tonnes) 210 224 -6% -6% 294 Revenue 2,592 2,603 0% 249 224 210 EBITDA 243 231 6% 173 EBIT 172 171 1% EBIT margin 6.6% 6.6% 0%p. ROIC 32.2% 32.9% -0.7%p. Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Highlights EBIT
Slide 15: Shrimp
BUSINESS REVIEW Shrimp Growth Profit & loss DKKm Q2 2026 Q2 2025 y/y Volumes ‘000 tonnes Volume ('000 tonnes) 112 95 18% +18% 704 594 19% 112 Revenue 103 95 99 91 EBITDA 59 55 6% EBIT 42 39 6% EBIT margin 5.9% 6.6% -0.7%p. ROIC 15.4% 12.2% 3.2%p. Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Highlights EBIT • Stron
Slide 16: Selected Species
BUSINESS REVIEW Selected Species Growth Profit & loss DKKm Q2 2026 Q2 2025 y/y Volumes ‘000 tonnes Volume ('000 tonnes) 74 64 16% +16% 82 Revenue 862 758 14% 74 64 64 EBITDA 85 68 25% 43 EBIT 74 58 28% EBIT margin 8.6% 7.7% 0.9%p. ROIC 31.1% 23.8% 7.3%p. Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Highlights EBIT
Slide 17: Tech Solutions
BUSINESS REVIEW Tech Solutions Q2 2026 Q2 2025 Growth Profit & loss DKKm y/y Revenue DKKm Revenue 27 38 -29% 59 EBITDA 0 13 -102% EBIT -3 11 -124% 38 36 27 EBIT margin -9.7% 28.5% -38.2%p. 14 ROIC 7.5% 17.4% -9.8%p. Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Highlights EBIT • Transformation of business model fro
Slide 18: Guidance raised to reflect momentum uptick
GUIDANCE Guidance raised to reflect momentum uptick Volume (‘000 tonnes) Revenue (DKKm) Capital and dividend policy +30 +1,000 Reasons for raising Reasons for raising 1,630-1,700 guidance 17,000-18,000 guidance 1,600-1,670 16,000-17,000 • Overall, good biological • Higher than expected Targeted capi
Slide 19: Q&A
Q&A
Slide 20: Thank You
Th a n k Yo u F o r f u r t h e r i n f o r m a t i o n , p l e a s e vi s i t w w w . b i o m a r . c o m