Baladna Q.p.s.c · QSE:BLDN
Baladna Q.p.s.c — Baladna — Q1 2025 Earnings Presentation
27 slides from Baladna Q.p.s.c's earnings presentation, Apr 30, 2025
Slide 1: Financial Results Presentation 31 March 2025
S \ BA - Financial Results Presentation 31 March 2025
Slide 2: Disclaimer
Disclaimer This presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons"). Any person who is not a relevant person should not act or rely on this presentation or any of its contents Information contained in this prese
Slide 3: Table of Contents
Table of Contents Key Highlights Financial Performance Operations and Commercial Update Management Outlook Shareholder Information Appendix 20 22
Slide 4: Key Highlights
Key Highlights
Slide 5: Baladna: Pioneering growth in Qatar's dairy & beverage industry
Baladna: Pioneering growth in Qatar's dairy & beverage industry Established in 2014, Baladnais Qatar's leading dairy and beverage company, with a diversified product offering, best-in class facilities and a self-sufficient farm with breeding capabilities to accelerate future growth. Baladnais an int
Slide 6: Building long-term value through innovation, operational excellence and strategic partnerships
Building long-term value through innovation, operational excellence and strategic partnerships Market leader in the Dairy and Beverages sector in Qatar Excellent product innovation track record and access to consumer insights Strong financial performance and cash flow management Continuous identific
Slide 7: Q1 2025 Strategic highlights
Q1 2025 Strategic highlights In Q1 2025, Baladna expanded its product portfolio with the launch of 11 new SKUs, bringing fresh innovation to its Yoghurts, Greek Yoghurt Drinks, and Hi-protein Milk & Laban segments. Made significant progress on the US$3.5 billion Algeria project, with 20 years offtak
Slide 8: Baladna Algeria - Project Overview
Baladna Algeria- Project Overview Key Operational & Financing Indicators Arable Farm Dairy Farm . Milk Powder Production Development of land and irrigation Establish a herd of high genetic —' Dehydrating the milk produced to system to cultivate fodder and Holstein cows to produce top [a | process Pa
Slide 9: Financial Performance
Financial Performance
Slide 10: Financial Performance (Q1 2025): Achieved a robust growth
) Financial Performance (Q1 2025): Achieved a robust growth Key Financial Highlights Revenue A 6% YoY growth EBITDA A 19% YoY growth (+4%) (QAR) , - (QAR and Margin) . 331m = Revenue was higher driven by 45 m = EBITDA increased, supported strong performance in the by revenue growth, lower evaporated
Slide 11: Financial Performance Quarter on Quarter and Year on Year
) Financial Performance Quarter on Quarter and Year on Year Revenue (QAR m) QoQ 425% YoY +30% ———_ [8% 16% 313 331 . a : L L| 264 —_ oe = Q3 2024 Q4 2024 Q12025 Q12023 Q1 2024 Q12025 Net profit (QAR m) QoQ YoY - +43% ———_ +191% ———_ a 432% nl - +21% 7 58 41 48 ae | |_| [= — Q3 2024 Q4 2024 Q1 2025 Q
Slide 12: Baladna leading regional peers in profitability
) Baladna leading regional peers in profitability (Median: 20.6%) UAE Peer [I 12.6% Source: S&P Capital 1 Baladna data for the Q1 2025. Data shown for peers as standardized by S&P Capital IQ and is as of the G4 2024 Investor Presentation Net profit margins (%) KSA Peer1 |) 11.0% KSA Peer 2 24.1% (Me
Slide 13: Sustained revenue growth driven by strong performance in HORECA and Retail-TT
Sustained revenue growth driven by strong performance in HORECA and Retail-TT Channel wise revenue co ution (a1 2025) HORECA 36% 120m Retail-KA A1% 136m Retail-TT 18% 60m Other Revenue ' 15m Note: “Other revenue" includes livestock sales, detergent sales, compost and manure sales, plastic sales, and
Slide 14: Stable revenue growth across product categories
) Stable revenue growth across product categories Revenue compositio d growth (QARm, pro%y py I +6% al 73 73 71 72 i fg 331 >100: 48 44 47% 11% a -22%: [lf ("4 | -6% 24 [ | os 27 23 22 18 Has tT 6 6 Q12024 2 a im | ‘i —_ 2 : Bhat 2025 Fresh milk UHT Milk Cheese Yoghurt Juice Laban Cream Labneh Ayran
Slide 15: 50.0 - (31.3) 94.7 (28.6) (50.0) (77.2) (100.0) (91.4) (2.5) 27.8 (150.0) (108.5) (200.0)
50.0 - (31.3) 94.7 (28.6) (50.0) (77.2) (100.0) (91.4) (2.5) 27.8 (150.0) (108.5) (200.0) (250.0)
Slide 16: Operations and Commercial Update
Commercial Update Operations and
Slide 17: Operational and Commercial Update
Operational and Commercial Update Q1 2025 Q1 2024 YoY Growth Key Insight ° Launched 11 new SKUs across our Ce) Total Number 254 251 A 1.2% Yoghurts, Greek Yoghurt Drinks, and Hi- of SKUs protein milk & Laban segments, further expanding our product portfolio and strengthening our market offering. Foc
Slide 18: Management Outlook 2025
Management Outlook 2025
Slide 19: Management Outlook for 2025
Management Outlook for 2025 Product Quality = Dedicated to maintaining exceptional product quality while continuously evolving to meet consumer preferences. = Continuously investing in advanced quality control systems and adopting international best practices in food safety to ensure consistent prod
Slide 20: Shareholder Information
— .—lraa y ~~ — =< ~~ 2 Dk Shareholder Information
Slide 21: YTD Share price performance versus QSE
YTD Share price performance versus QSE – Baladna performed better than market (slight drop due 1.500 to bonus issue and recovering) 1.400 1.300 1.200 1.171 -4.0% 1.153 -5.5% 1.100 1.000 Baladna QE Index (rebased with Baladna Share Price)
Slide 22: Appendix
Slide 23: Total comprehensive income attributed to the parent
Total comprehensive income attributed to the parent
Slide 24: Financial Position as of March 31, 2025
Appendix Financial Position as of March 31, 2025 Total Assets (QAR m) Mar-25 Dec-24 Growth Mar-25 Dec-24 Growth Fixed Assets 3,200 3,188 A¢ 0% Islamic financing 1,669 1,708 W-2% Biological Assets 207 177, A 17% Other Non-Current Liabilities 120 122) w-1% Investment In Shares 561 524 A 7% co cpege -2
Slide 25: BoD Members and Senior Management Team
Appendix BoD Members Moutaz Al- Ali Hilal Al- Ramez Al- Hamad Bin Abdulaziz Mazen Alsbeti Sheikh Suhaim Bin Nasser Hassan Aidan Tynan Khayyat Kuwari Khayyat Abdullah Bin Khalid © Mahmoud Al- Board Member AbdulAziz Al Thani Al Ansari Independent Board Group Chairman Vice Chairman Board Member/ Al-Att
Slide 26: Glossary
Appendix Glossary EBITDA Earnings Before Interest, Tax, Depreciation and Amortization EPS Earnings Per Share HORECA Hotels, Restaurants and Catering NP Net Profit NPD New Product Development SKU Stock Keeping Unit UHT Ultra-High Temperature Retail-KA Retail key accounts that represents major custome
Slide 27: Thank You
THANK YOU Q, +974 4035 8888 {21 baladna.com & info@baladna.com (General Info) customercare@baladna.com (Quality Complaints)