Grupo Nutresa S.A. · BVC:NUTRESA

Grupo Nutresa — Q2 2023 Earnings Presentation

16 slides from Grupo Nutresa's earnings presentation, July 2023

  1. Slide 1: Grupo Nutresa Earnings Results 2Q 2023

    Grupo Nutresa Earnings Results 2Q 2023

  2. Slide 2: Colombia & international sales 2Q 2023

    Colombia & international sales 2Q 2023 + 9,0% Q -6,3% * Colombia sales 700,5 P 20,6% Sales per business COP 2.759,8 12,9% + 7,1% + 23,6% + 8,7% unit Billion COP + 14,3% 385,0 360,7 386,5 + 9,2% + 29,4% 346,4 + 16,4% Percentage variation in volume -Q and 212,3 213,5 Billion COP 154,6 prices -P % chg.

  3. Slide 3: Total sales 2Q 2023

    Total sales 2Q 2023 Total sales Sales per business COP 4.737,2 18,0% unit Billion COP + 25,1% 887,7 + 11,1% + 7,9% 766,3 745,8 + 16,9% 666,0 + 31,8% + 19,3% Billion COP 523,5 + 18,4% 437,6 338,1 + 29,5% + 13,9% 213,6 158,7 Biscuits Coffee Cold cuts Chocolates TMLUC Retail Food Ice Cream Pasta Other

  4. Slide 4: Colombia & international sales Accumulated 2023

    Colombia & international sales Accumulated 2023 + 12,4% Q -1,8% * Colombia sales 1.408,8 P 22,4% Sales per business COP 5.567,4 19,7% + 17,2% + 38,5% + 17,1% unit Billion COP + 19,3% 789,5 742,2 789,3 + 15,1% + 29,8% + 23,3% 688,2 Percentage variation in volume -Q and 416,4 419,4 Billion COP 312,8 p

  5. Slide 5: Total sales Accumulated 2023

    Total sales Accumulated 2023 Total sales Sales per COP 9.617,7 26,4% business unit Billion COP + 34,0% 1.809,3 + 29,7% 1.643,4 + 11,5% + 26,0% 1.500,4 1.385,4 + 37,5% + 25,4% Billion COP 991,4 + 23,7% 877,5 668,5 + 29,8% + 21,6% 419,6 322,1 Biscuits Coffee Cold cuts Chocolates TMLUC Retail Food Ice

  6. Slide 6: Sales by region

    Sales by region 2023 United States 14,0% Mexico Convention 4,0% Cold cuts Biscuits Dominican Republic and the Caribbean 2,1% Chocolates 57,9% Central America Coffee Colombia 10,9% TMLUC Ice cream Venezuela Pasta Retail Food Colombia 57,9% Other 42,1% Production International Ecuador 1,1% Distributio

  7. Slide 7: Raw materials: GNCI and COGS breakdown

    Raw materials Grupo Nutresa Cogs Breakdown Commodities Index -GNCI 2023 180 1,2% Poultry Other 31,4% 160 2,6% Beef 3,2% Milk 140 4,1% Cocoa 120 4,2% Sugar 121 112 113 4,9% Oils&Fats 100 107 6,4% Pork 80 87 86 Coffee 19,5% 87 82 9,5% Wheat 78 81 60 13,0% Pack. Mat. 2014 2015 2016 2017 2018 2019 2020

  8. Slide 8: EBITDA 2Q 2023

    EBITDA 2Q 2023 EBITDA EBITDA per COP 538,8 11,8% business unit Billion COP 12,9% EBITDA Margin + 37,0% 11,4% 114,8 12,0% 8,7% + 0,6% 12,1% 19,0% 8,1% + 31,9% - 18,6% 79,9 + 7,9% + 11,7% 19,9% Billion COP 66,9 63,1 64,3 60,7 + 53,5% 7,5% + 10,7% 42,6 8,7% - 31,1% 32,8 13,8 Biscuits Coffee Cold cuts C

  9. Slide 9: EBITDA Accumulated 2023

    EBITDA Accumulated 2023 EBITDA EBITDA per COP 1.185,8 24,8% business unit Billion COP 14,1% EBITDA Margin + 72,4% 12,3% 255,7 14,7% + 22,0% 10,0% + 46,7% 9,6% 204,2 19,9% 165,0 - 2,4% 10,5% + 21,2% Billion COP 144,0 + 5,0% 133,0 18,1% 7,5% 104,4 + 29,1% 11,8% + 5,3% 75,8 - 13,7% 65,7 38,0 Biscuits C

  10. Slide 10: Income statement 2Q 2023

    Income statement 2Q 2023 2023 2Q % Revenue 2022 2Q % Revenue % Var. Continuing operations Operating revenue 4.737.160 4.014.178 18,0% Cost of goods sold -2.907.244 -61,4% -2.540.946 -63,3% 14,4% Gross profit 1.829.916 38,6% 1.473.232 36,7% 24,2% Administrative expenses -181.866 -3,8% -146.964 -3,7%

  11. Slide 11: Income statement Accumulated 2023

    Income statement Accumulated 2023 2023 % Revenue 2022 % Revenue % Var. Continuing operations Operating revenue 9.617.666 7.611.620 26,4% Cost of goods sold -5.950.613 -61,9% -4.764.150 -62,6% 24,9% Gross profit 3.667.053 38,1% 2.847.470 37,4% 28,8% Administrative expenses -353.949 -3,7% -291.693 -3,

  12. Slide 12: Consolidated net debt

    Consolidated net debt 4.000 3.311 3.468 3.500 Billion COP 2.808 2.906 3.000 2.596 2.709 2.441 2.419 2.479 2.500 2.000 1.752 1.500 1.000 500 0 Dec-14* Dec-15* Dec-16* Dec-17* Dec-18* Dec-19* Dec-20* Dec-21* Dec-22* Jun-23* Net debt 1.752 2.808 2.906 2.596 2.441 2.709 2.419 2.479 3.311 3.468 Net debt/

  13. Slide 13: Contact

    Contact Catherine Chacón Navarro Investor Relations Director e-mail: cchacon@gruponutresa.com Tel: -+574 325 8731 www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": https://gruponutresa.com/en/inves

  14. Slide 14: Financial position 2023 (assets)

    Financial position 2023 June 2023 December 2022 % Var. ASSETS Current assets Cash and cash equivalents 874.671 1.060.247 -17,5% Trade and other receivables, net 1.934.726 1.856.746 4,2% Inventories 2.749.840 3.004.244 -8,5% Biological assets 248.682 259.373 -4,1% Other assets 745.572 619.202 20,4% N

  15. Slide 15: Financial position 2023 (liabilities)

    Financial position 2023 June 2023 December 2022 % Var. LIABILITIES Current liabilities Financial obligations 1.050.182 588.630 78,4% Right-of-use liabilities 96.271 101.236 -4,9% Trade and other payables 2.288.049 2.237.380 2,3% Tax charges 475.000 348.993 36,1% Employee benefits liabilities 266.105

  16. Slide 16: Disclaimer

    Disclaimer This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company´s management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason

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