Slide 1: FY 2024 Results
FY 2024 Results Conference Call – March 14, 2025
Slide 2: Important information
Important information FY 2024 Results This presentation is being shown to you solely for your information and may not be reproduced, distributed to any other person or published, in whole or in part, for any purpose. The information in this presentation could include forward-looking statements which
Slide 3: Financial highlights
Financial highlights FY 2024 Results €m Total Revenues EBITDA EBIT Net Income 2,085.5 2,098.0 123.1 120.2 84.9 80.7 47.1 42.7 FY 23 FY 24 FY 23 FY 24 FY 23 FY 24 FY 23 FY 24 - Total Consolidated Revenues in FY 2024 amounted to 2,098.0€m (2,085.5€m in FY 2023) - Operating profitability - FY 2024 EBIT
Slide 4: Total Sales
Total Sales FY 2024 Results 4Q €m FY 2,051.2 2,054.0 473.1 1,350.4 1,350.4 449.3 Street Market 276.3 286.6 National Account Wholesale 497.8 495.3 117.3 118.9 55.8 67.6 202.9 208.3 4Q 2023 4Q 2024 FY 2023 FY 2024 - FY 2024 Total Sales reached 2,054.0€m (2,051.2€m in FY 2023), driven by a positive 4Q
Slide 5: Sales to Commercial Catering
Sales to Commercial Catering FY 2024 Results €m Sales to clients of Commercial Catering €/kg of products sold - % change (Street Market and Chains and Groups clients) in clients of Commercial Catering 1,597.8 +0.4% 1,603.9 1,350.4 1,350.4 329.5 +2.8% 338.7 276.3 286.6 ~ +0% ~ +5% 247.3 253.4 53.3 52
Slide 6: Income statement
Income statement FY 2024 Results €m FY 2023 % FY 2024 % Total revenues 2,085.5 100.0% 2,098.0 100.0% Cost of goods sold (1,654.8) -79.3% (1,656.0) -78.9% − FY 2024 Gross Margin recovered Services (257.7) -12.4% (267.8) -12.8% Other operating costs (2.7) -0.1% (2.6) -0.1% − Service costs and conseque
Slide 7: Trade NWC as at 31 December 2024
Trade NWC as at 31 December 2024 FY 2024 Results Trade NWC €m 31.12.22 31.12.23 31.12.24 Cash conversion cycle - days Accounts Receivable 353.8 348.7 338.0 93 Days 67 61 59 87 84 Inventory 209.9 203.4 223.8 67 Days 49 45 49 61 59 Accounts Payable (394.6) (381.4) (392.6) 49 49 45 Days 93 84 87 Trade
Slide 8: Net Debt as at 31 December 2024
Net Debt as at 31 December 2024 FY 2024 Results €m Net Debt and IFRS 16 effect Net Debt - bridge 237.9 52.3 237.9 217.6 223.4 223.4 67.4 28.5 79.2 81.6 0.3 -64.7 -1.9 170.4 138.3 141.8 31 Dec 22 31 Dec 23 31 Dec 24 31 Dec 23 Cash Cash flow flow Others NWC NWC CapEx Dividends 31 Dec 24 Dividends and
Slide 9: Dividend proposal
Dividend proposal FY 2024 Results 0.72 € 0.66 0.60 0.60 0.53 0.47 0.40 0.38 94.4% 89.1% 90.2% 82.9% 2021 2022 2023 2024 EPS DPS DPS/EPS (pay out) - The Board of Directors proposes for the approval of the Shareholders’ Meeting of next 28th April a gross Dividend per share (DPS) of 0.60€, in line with
Slide 10: Current trading and initiatives
Current trading and initiatives FY 2024 Results - The first two months of 2025 show a growth trend in sales, even if February 2024 was a leap year, consistent with the objectives for the year - As of today visibility on the trend of the foodservice in Italy in 2025 is still limited, especially since
Slide 11: Investor Relations contacts
Investor Relations contacts Antonio Tiso atiso@marr.it tel. +39 0541 746803 mob. +39 331 6873686 Giacomo Pesaresi gpesaresi@marr.it tel. +39 0541 746772 mob. +39 331 3061500 Léon Van Lancker lvanlancker@marr.it mob. +39 335 1872014 For further details visit IR’s sections at MARR website MARR S.p.A.