Jde Peet's Nv · BIVA:JDEP/N
Jde Peet's Nv — H1 2025 Earnings Presentation
26 slides from Jde Peet's Nv's earnings presentation, Jul 30, 2025
Slide 1: Half-Year Results 2025
HALF-YEAR RESULTS 2025 30 JULY 2025
Slide 2: Agenda
AGENDA H1 25 HIGHLIGHTS RAFA OLIVEIRA STRATEGIC UPDATE RAFA OLIVEIRA H1 25 FINANCIAL PERFORMANCE YANG XU FY 25 OUTLOOK YANG XU QUESTIONS & ANSWERS
Slide 3: Important Information
IMPORTANT INFORMATION Presentation The condensed consolidated unaudited financial statements of JDE Peet’s N.V. (the There are a number of factors that could affect the Group’s future operations and could cause “Company”) and its consolidated subsidiaries (the “Group”) are prepared in accordance tho
Slide 4: H1 25 Highlights
H1 25 HIGHLIGHTS RAFA OLIVEIRA
Slide 5: Key Highlights Half-Year 2025
KEY HIGHLIGHTS HALF-YEAR 2025 Strong performance across topline, profitability and cash flow Sales +22.5%1 Adj Gross profit +2.2%1 Adj EBIT +2.0%1 Free Cash Flow EUR 565M Disciplined management of persistent green coffee price inflation Sustained market share performance Good progress on our
Slide 6: Key Priorities for 2025
KEY PRIORITIES FOR 2025 Progress 1 PRICING DISCIPLINE TO PROTECT PROFITABILITY 2 UNLOCK EFFICIENCIES TO FUEL BRAND GROWTH 3 IMPROVE CAPITAL & RESOURCE ALLOCATION 4 AGILITY & OWNERSHIP CULTURE 5 FOCUS ON STAKEHOLDER VALUE CREATION 6
Slide 7: A New Brand-Led Strategy
A NEW BRAND-LED _ STRATEGY
Slide 8: A Clear Three-Phased Strategy to Drive Efficiencies and Growth
Slide 9: We Are, We Focus, We Deliver
WE ARE A C O F F E E F O R E V E R Y C U P. A B R A N D F O R E V E R Y H E A R T. WE FOCUS Reac h Full Potential In U.S. Build A Global Megabrand P l a t f o rm To Re i g n i t e OUR Winning C o n s u m e r- l e d Commercial Simplification Financial Culture Brand Building Excellence & Productivity
Slide 10: Innovating for Today's Consumer
INNOVATING FOR TODAY’S CONSUMER POPPING PEARLS L’OR COCONUT ICED ESPRESSO JACOBS DUBAI CHOCOLATE STYLE MEDIUM ROAST COFFEE L’OR BARISTA ABSOLU MOCCONA LIQUID ESPRESSO 10
Slide 11: From Strategy to Impact, Delivering Tangible Results
FROM STRATEGY TO IMPACT, DELIVERING TANGIBLE RESULTS Winning Consumer-led Commercial Simplification& Financial Culture Brand Building Excellence Productivity Discipline 4.12 engagement score1 Brand-led New RGM platform Exits & closure 2.5x net leverage 91% participation rate Common chassis Enhanced
Slide 12: Key Take-Aways H1 25
STRONG RESULTS 2 ay CLEAR STRATEGY SET TAKE-AWAYS H1 25 EXECUTION UNDERWAY OUTLOOK RAISED
Slide 13: H1 25 Financial Performance
H1 25 FINANCIAL PERFORMANCE YANG XU
Slide 14: Half-Year 2025 Results
HALF-YEAR 2025 RESULTS SALES ADJ GROSS PROFIT ADJUSTED EBIT CASH & DEBT Free Cash Flow EUR 5.0B EUR 1.7B EUR 709M EUR 565M Organic growth Organic growth Organic growth Net leverage +22.5% +2.2% +2.0% 2.5x 14
Slide 15: Sales Development
SALES DEVELOPMENT RESILIENT VOLUME/MIX DESPITE HISTORICAL HIGH PRICING • Organic growth driven by pricing across all segments. Positive vol/mix in all segments except for LARMEA 21.5% -2.8% 0.2% 5,045 • Strong growth contribution from JACOBS, L’OR, 4,210 1.0% Pilão and Peet’s Organic growth Reported
Slide 16: EBIT Development
EBIT DEVELOPMENT ORGANIC ADJUSTED EBIT INCREASED BY 2.0%, DRIVEN BY DISCIPLINED PRICING Reported EBIT Organic adj EBIT +2.0% +2.4% 692 709 Organic Gross Profit +2.2% 1 COGS (gross) * In EUR M, unless otherwise stated 1 Includes Caribou, offset by tea in Turkey 16
Slide 17: Half-Year 2025 Performance by Segment
HALF-YEAR 2025 PERFORMANCE BY SEGMENT ALL SEGMENTS CONTRIBUTING TO TOPLINE GROWTH JDE PEET’S EUROPE LARMEA PEET’S APAC Organic Sales Growth 22.5% 17.2% 53.8% 4.1% 8.4% Organic Adjusted EBIT 2.0% 8.6% 19.2% (37.6%)1 (14.7%) Growth 1 Partially reflects EUR 16M insurance payout benefit in H1 24 17
Slide 18: Three Big Bets Deliver Strong Gross Profit Performance
THREE BIG BETS DELIVER STRONG GROSS PROFIT PERFORMANCE GROSS PROFIT SPLIT 3 Big Bets vs Others OTHERS OTHERS ADJ. GROSS PROFIT 3% Stable GROWTH * In EUR M, unless otherwise stated 18
Slide 19: Net Profit Development
NET PROFIT DEVELOPMENT U-EPS DEVELOPMENT (excl. MtM of equity derivatives) UNDERLYING NET PROFIT AND EPS DEVELOPMENT U-EPS U-EPS EUR 0.76 EUR 1.33 EUR 1.02 649 EUR 0.99 370 H1 24 Adjusted Net financing Taxes Other FV change of H1 25 EBIT costs changes 1 equity swaps * In EUR M, unless otherwise stat
Slide 20: Free Cash Flow and Net Debt Development
FREE CASH FLOW AND NET DEBT DEVELOPMENT STRONG FREE CASH FLOW GENERATION DRIVEN BY STRONG OPERATIONAL PERFORMANCE FREE CASH FLOW NET DEBT DEVELOPMENT FREE CASH FLOW 4,329 3,992 EUR 565M EUR 243M Shareholder returns NET LEVERAGE 2.5x 1 FY 24 Adj. WoCa Capex Interest Tax Dividend SBB Other H1 25 EBITD
Slide 21: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK CAPITAL ALLOCATION FRAMEWORK NEAR-TERM PRIORITIES Focus resources to grow the Big Bets REINVEST IN OUR BUSINESS Funded with productivities program STRONGER BALANCE SHEET Target 2x net leverage (previously 2.5x) Gradual, consistent dividend increase ENHANCE SHAREHOLDER RE
Slide 22: Outlook FY 25
OUTLOOK FY 25 YANG XU 7
Slide 23: Green Coffee Prices Remain High and Volatile
GREEN COFFEE PRICES REMAIN HIGH AND VOLATILE HISTORICAL GREEN COFFEE PRICE DEVELOPMENT* OBSERVATIONS (c/lb) ($/mT) Coffee prices have surged over the past 500 7,000 year(s), resulting in historically high prices for Arabica & Robusta 6,000 400 5,000 300 4,000 Price volatility expected to remain high
Slide 24: Outlook 2025 Raised
OUTLOOK 2025 RAISED Organic sales High-teens increase Organic Adjusted EBIT Stable+ Free Cash Flow Around EUR 1 billion 24
Slide 25: Questions & Answers
QUESTIONS & ANSWERS JDEP
Slide 26: JDE Peet's
DE Peets A COFFEE FOR EVERY CUP. A BRAND FOR EVERY HEART. Peets Jr ets