Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — FY2022 Earnings Presentation
12 slides from Kri-kri Milk Industry's earnings presentation, May 2023
Slide 1: Analysts' Brief 2022 Full Year Results
Authentic products drive sustainable growth ANALYSTS’ BRIEF 2022 FULL YEAR RESULTS
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | FY 2022 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 information contai
Slide 3: Macroeconomic environment
INVESTOR PRESENTATION | FY 2022 Macroeconomic environment 03 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% 140 130 120 110
Slide 4: Macroeconomic environment
INVESTOR PRESENTATION | FY 2022 Macroeconomic environment 04 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 margins were
Slide 5: Gross Profit bridge
INVESTOR PRESENTATION | FY 2022 Gross Profit bridge 05
Slide 6: Segment review Yogurt exports
INVESTOR PRESENTATION | FY 2022 Segment review Yogurt exports 06 Key Highlights 72,6 54,7 • Strong growth in Italy +37.6% and the UK +26% • Significant increase in Sweden and 6,02 Austria 0,32 Sales EBIT • Yogurt exports now represents 53.8% 2022 2021 of total yogurt sales Sales +32.7% EBIT -94.8% M
Slide 7: Segment review Yogurt Greece
INVESTOR PRESENTATION | FY 2022 Segment review Yogurt Greece 07 Key Highlights 62,4 49,6 Sales +26% • Significant upheavals in the domestic 5,52 EBIT -86.0% yogurt market 0,77 Margin -9.9pp Sales EBIT • Increased market share by 0,8 p.p. in 2022 2021 value and by 0,8 p.p. in volume VOLUME VALUE • Le
Slide 8: Segment review Ice cream
INVESTOR PRESENTATION | FY 2022 Segment review Ice cream 08 Key Highlights Sales EBIT 26,9 4,6 • Strong double-digit growth in sales 23,4 2,3 • Expansion of our sales network 8,96 6,50 0,65 • Leveraging the sales’ power of our new 0,54 premium range of Master Rich ice creams Greece Exports Greece Ex
Slide 9: Cash Flow / Ratios
INVESTOR PRESENTATION | FY 2022 Cash Flow / Ratios 09 Working capital Cash Flow 2022 2021 2020 2019 Days 2022 2021 2020 Cash flow from operations 4,3 23,5 17,1 13,7 Inventory 40 46 60 Cash flow from investments (8,6) (10,61) (11,02) (14,9) Trade Receivables 59 57 66 Cash flow from finance 0,7 (11,9)
Slide 10: Estimates for 2023
INVESTOR PRESENTATION | FY 2022 Estimates for 2023 10 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 4,0 520,0%
Slide 11: Dividend
INVESTOR PRESENTATION | FY 2022 Dividend 11 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 3,8 4,0 0,4
Slide 12: Share information
INVESTOR PRESENTATION | FY 2022 Share information 12 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% Greece Ticke