Slide 1: Earnings Call Fourth Quarter 2024
EARNINGS CALL FOURTH QUARTER 2024 February 18th, 2025
Slide 2: Disclaimer
DISCLAIMER This presentation may contain financial or business projections regarding recent acquisitions, their financial or business impact, management expectations and objectives regarding such acquisitions and current management expectations on the operating and financial performance of The Compa
Slide 3: Topics
TOPICS HIGHLIGHTS 1 CONSOLIDATED OPERATING RESULTS 2 OPERATING RESULTS BY BUSINESS 3 LIQUIDITY AND BALANCE SHEET 4 OUR VIEW FOR 2025 5
Slide 4: Highlights
HIGHLIGHTS
Slide 5: Update on the Acquisition of Refinería del Espino
HIGHLIGHTS Update on the Acquisition of Refinería del Espino S.A.C. Phase 1 Phase 2 Phase 3 Phase 4 Preparation Take over Synergy capture Value capture FIRST MONTHS OF ACTIVITIES ARE ON 2Q ‘24 3Q ‘24 4Q ‘24 Today 1Q ‘26 SCHEDULE AND MEETING THE Multifunctional team Top initiatives Progress MILESTONE
Slide 6: Agreement for the Potential Acquisition of Jabonería Wilson
HIGHLIGHTS Acquisition of Jabonería Wilson WE SIGNED AN Strengthening our Leverage our Enhance our AGREEMENT FOR presence in the competitive Ecuadorian THE POTENTIAL Andean Region advantages operations ACQUISITION OF 100% OF THE Strategic rationale Main brands and sales breakdown1 SHARES OF JABONERÍ
Slide 7: Consolidated Operating Results
CONSOLIDATED OPERATING RESULTS
Slide 8: Consolidated Adjusted Gross Profit Q4 '24 vs. Q4 '23
CONSOLIDATED OPERATING RESULTS Consolidated Adjusted GROSS PROFIT – Q4 ‘24 vs. Q4 ‘23 PERFORMANCE SUMMARY – ADJUSTED GROSS PROFIT1 PEN million 60.2k TM from ADJUSTED GROSS Refinería del Espino PROFIT CONTINUES 507 +20% 608 2,074 2,115 TO SHOW SOLID +20% GROWTH DRIVEN BY 2,865 ALL OUR BUSINESS PEN 62
Slide 9: Consolidated Adjusted EBITDA Q4 '24 vs. Q4 '23
CONSOLIDATED OPERATING RESULTS Consolidated Adjusted EBITDA – Q4 ‘24 vs. Q4 ‘23 PERFORMANCE SUMMARY – ADJUSTED EBITDA1 PEN million +32% ADJUSTED EBITDA 1,616 INCREASED YoY +22% DRIVEN BY HIGHER +46% PEN 39.7MM from Refinería del Espino 1,227 GROSS PROFIT 52 17 508 127 42 ON A FULL-YEAR 41 7 381 BASI
Slide 10: Operating Results by Business
OPERATING RESULTS BY BUSINESS
Slide 11: Consumer Goods Peru and International Businesses: Q4 Performance
OPERATING RESULTS BY BUSINESS Consumer Goods Peru and International Businesses: Q4 Performance1 ADJ. GROSS PROFIT & MARGIN ADJ. EBITDA & MARGIN +24% +33% 1,505 861 PEN 6.8MM from PEN 2.8MM from Refinería del Espino 1,211 Refinería del Espino 645 CONSUMER +17% 38.8% +22% GOODS PERU2 340 34.5% 399 36.
Slide 12: B2B and Aquafeed: Q4 Performance
OPERATING RESULTS BY BUSINESS B2B and Aquafeed: Q4 Performance1 ADJ. GROSS PROFIT & MARGIN ADJ. EBITDA & MARGIN +26% +23% PEN 55.5MM from 600 PEN 36.9MM from 378 Refinería del Espino Refinería del Espino 478 307 +54% +50% B2B2 196 22.5% 126 PEN million 127 19.3% 84 12.4% 14.2% 20.7% 22.6% 13.6% 14.5
Slide 13: Liquidity and Balance Sheet
alicorp LIQUIDITY AND BALANCE SHEET
Slide 14: Leverage Reduction Driven by Strong Cash Flow Generation
LIQUIDITY AND BALANCE SHEET Leverage INDEBTEDNESS EVOLUTION1 3.1 3.0 2.7 1.1x IMPROVEMENT 2.6 2.9 2.8 2.0 IN OUR LEVERAGE 2.5 2.5 REDUCTION, DRIVEN 3,914 3,930 1.8 3,588 BY STRONG CASH 3,304 3,090 FLOW GENERATION WE EXPECT TO Q4 ’23 Q1 ’24 Q2 ’24 Q3 ’24 Q4 ’24 MAINTAIN HEALTHY Net Debt (PEN million)
Slide 15: Our View Going Forward
OUR VIEW GOING FORWARD
Slide 16: Our View for 2025: Guidance
OUR VIEW FOR 2025 FULL-YEAR RESULTS Guidance CONSOLIDATED CONSOLIDATED LEVERAGE CAPEX REVENUE ADJ. EBITDA 2.0x-2.5x USD ~70 MM 10-12% MID-TO-HIGH NET DEBT TO GROWTH SINGLE DIGIT ADJ. EBITDA GROWTH 16
Slide 17: Earnings Call Fourth Quarter 2024
EARNINGS CALL FOURTH QUARTER 2024 February 18th, 2025
Slide 18: Reported and Adjusted Results Summary
APPENDIX Reported and Adjusted Results Summary Q4 '23 Q4 '24 FY '23 FY '24 Reported Adjusted Reported Adjusted Reported Adjusted Reported Adjusted CGP 340.9 340.2 398.8 398.8 1,192.7 1,210.9 1,504.6 1,505.0 GROSS PEN CGI 81.0 81.7 85.7 85.7 249.3 251.6 345.7 345.8 PEN PROFIT B2B PEN 126.5 127.3 195.
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