Baladna Q.p.s.c · QSE:BLDN
Baladna Q.p.s.c — H1 2025 Earnings Presentation
32 slides from Baladna Q.p.s.c's earnings presentation, Aug 11, 2025
Slide 1: Q2 and H1 2025 Financial Results Presentation
\ BALADNA Qs P.S. c. ] Q2 and H1 2025 Financial Results Presentation 30 June 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
Slide 4: Highlights
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 Excellent product innovation track record and access to consumer insights Strong financial performance and cash flow management Continuous identification
Slide 7: H1 2025 Strategic highlights
H1 2025 Strategic highlights Deliveries under the government contract for The integrated Agri-industrial projects in Algeria is evaporated milk are progressing well and continue to accelerating with development activities moving contribute positively to the topline. forward as planned. Launched 25 n
Slide 8: Strengthening Leadership for Global Growth
) Strengthening Leadership for Global Growth Appointment of Marek Warzywoda as Group Chief Executive Officer Baladna has appointed Mr. Marek Warzywoda as Group Chief Executive Officer, effective from 7 August 2025. With over 20 years of global leadership experience at Lactalis, one of the world’s la
Slide 9: H1 2025 Packaging Transformation & Portfolio Expansion
H1 2025 Packaging Transformation & Portfolio Expansion A refreshed look as Baladna revamps and repackages its product line Fresh milk UHT milk Key Insights @ Baladna unveiled new packaging across its entire product range, designed to enhance visual appeal, strengthen shelf presence, and deliver a su
Slide 10: 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 11: Financial Performance
Financial Performance
Slide 12: Financial Performance (H1 2025): Exceptional Profit Growth
) Financial Performance (H1 2025): Exceptional Profit Growth Key Financial Highlights Revenue A 8% YoY growth EBITDA A 128% YoY growth (+36%) (QAR, (QAR and Margin fa ( ) 643m = Revenue was higher driven by ( eta) 444m = EBITDAincreased, supported strong performance in the a by revenue growth and ev
Slide 13: Financial Performance (Q2 2025): Achieved a robust growth
) Financial Performance (Q2 2025): Achieved a robust growth Key Financial Highlights Revenue A 11% YoY growth QAR) ( ) 312m = Revenue was higher driven by strong performance in the evaporated milk segment, continued contribution of | newly launched SKUs. Q2 2024 Q2 2025 Net Profit* A423% YoY growth
Slide 14: Q4 2024 Q1 2025 Q2 2025 Q2 2023 Q2 024 Q2 2025
331 312 282 312 262 286 Q4 2024 Q1 2025 Q2 2025 Q2 2023 Q2 2024 Q2 2025 273 273 44 58 52 22 Q4 2024 Q1 2025 Q2 2025 Q2 2023 Q2 2024 Q2 2025
Slide 15: Baladna leading regional peers in profitability
) Baladna leading regional peers in profitability EBITD. gins ( KSA Peer 1 I) 25.7% KSA Peer 2 11.7% KSA Peer 3 17.8% Egypt Peer 13.6% UAE Peer {JUIN 11.4% Source: S&P Capital 1 (Median: 16.4%) Net profit margins (%) KSA Peer1 [J 12.5% (Median: 11.1%) KSA Peer 3. [JN 11.9% Egypt Peer | 47% UAE Peer
Slide 16: 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 ut (H1 2025) HORECA DY = Retail-KA 253m Retail-TT 20m Other 4 29m Revenue Note: “Other revenue" includes livestock sales, detergent sales, compost and manure sales, plastic sales, and other sales
Slide 17: Fresh milk UHT Milk Cheese
146 147 643 135 139 595 89 83 61 61 54 47 43 39 35 38 36 27 27 11 11 3 3 1 Fresh milk UHT Milk Cheese Yoghurt Juice Laban Cream Labneh Ayran Evap. Milk Other Revenue
Slide 18: 250.0 200.0 150.0 52.2 (56.5) 100.0 50.0 212.3 (190.7) - (50.0) (92.9) (3.5) 27.3
250.0 200.0 150.0 52.2 (56.5) 100.0 50.0 212.3 (190.7) - (50.0) (92.9) (3.5) 27.3 (51.9) (100.0) (150.0)
Slide 19: Operations and Commercial Update
Operations and Commercial Update
Slide 20: Operational and Commercial Update
Operational and Commercial Update H1 2025 H1 2024 YoY Growth Key Insight ‘0, Launched 25 new SKUs during Hi 2025 Ce) Total Number 262 255 A 2.7% across Greek and protein drinkables, of SKUs laban, flavored milk, juices, and yogurt to expand the product portfolio and strengthen the market presence. F
Slide 21: Leading market share in core Qatar market
Leading market share in core Qatar market Market Segmentation = ry A => A 2 = , ye & ig a 5 s Fresh Milk UHTMilk = Laban Yoghurt ~—Labneh chilled barket Share 95.0% © 91.5% 60.4% 44.9% 39.2% 24.5% 62.5% 35.2% Key Insig ht Retained Retained Retained Retained Retained Remains a Retained Remains a stro
Slide 22: Management Outlook 2025
Management Outlook 2025
Slide 23: Management Outlook for 2025
Management Outlook for 2025 International Expansion = Ongoing progress in Baladna Algeria, further strengthening our regional footprint = Strategic initiatives in Syria and Egypt to further strengthen brand presence in global markets Operational Efficiency fa = Digital transformation, automation, an
Slide 24: Shareholder Information
4 — | we y gs . —— = — —_— — see Shareholder Information
Slide 25: YTD Share price performance versus QSE
1.400 YTD Share price performance versus QSE 1.350 1.339 1.7% 1.300 1.250 1.262 - 4.2% 1.200 1.150 1.100 1.050 1.000 31-Dec-24 31-Jan-25 28-Feb-25 31-Mar-25 30-Apr-25 31-May-25 30-Jun-25 Baladna QE Index (rebased with Baladna Share Price)
Slide 26: Appendix
Slide 27: Profit And Loss Statement — H1 2025
Appendix Profit And Loss Statement — H1 2025 QARm H1 2025 H1 2024 Revenue 642.5 100% 594.7 100% 8% Cost of revenue (475.9) -74% (452.2) -76% 5% Gross profit 166.6 26% 142.5 24% 17% Other income 44.2 7%, 55.8 9% -21% Gain on investment in financial assets at FVTPL 242.3 38% 9.8 2% 2382% Dividend inco
Slide 28: Profit And Loss Statement — Q2 2025
Appendix Profit And Loss Statement — Q2 2025 QAR m Q2 2025 Q2 2024 Revenue 312.0 100% 281.9 100% 11% Cost of revenue (232.5) -75%, (211.0) -75% 10% Gross profit 79.5 25% 70.9 25% 12% Other income 221 7%, 27.5 10% -20% Gain on investment in financial assets at FVTPL 231.1 74% 43 2% 5302% Dividend inc
Slide 29: Financial Position as of June 2025
Appendix Financial Position as of 30 June 2025 'S (QAR m) 30-Jun-25 31-Dec-24 Growth 30-Jun-25 31-Dec-24 Growth Property plant and equipment 3,195 3,188 A 0% Islamic financing 1,643 1,708 Vv -4% Biological assets 204 177 A 15% Other Non-Current Liabilities 107 96 A 11% rvesiment in financial assets
Slide 30: 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 31: 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 32: Thank You
THANK YOU Q, +974 4035 8888 {281 baladna.com & info@baladna.com (General Info) customercare@baladna.com (Quality Complaints)