Remy Cointreau Sa · EURONEXT:RCO
Remy Cointreau Sa — Remy Cointreau Sa Ord — Q2 2025 Earnings Presentation
14 slides from Remy Cointreau Sa's earnings presentation, Oct 25, 2024
Slide 1: Rémy Cointreau 2024-25 Q2 Sales
SCAN your bottle of V.S.O.P and take up the challenge: A Rémy Ginger in Imin30. Ne READYTO-DRINK THERE'S A TWIST INSIDE! THE FRE @) REMY COINTREAU 2024-25 Q2 Sales Luca Marotta, CFO October 25, 2024
Slide 2: H1 2024-25 sales - Executive summary
H1 2024-25 sales - Executive summary Q2 24-25 ORGANIC* SALES GROWTH -16.1% Yor +5.7% vs Q2 19-20" H1 24-25 ORGANIC SALES GROWTH BY REGION H1 24-25 VALUE DEPLETIONS BY REGION ADJUSTED FY 2024-25 GUIDANCE © H1 Sales down -15.9% in H1 o/w -16.1% in Q2 in organic terms reflecting: * Continued destocking
Slide 3: Q2 2024-25 Marketing Highlights
Q2 2024-25 Marketing Highlights FOSTER US RECOVERY LEVERAGE CLUB RESILIENCE sate) TEST COINTREAU RTD IN THE UK YY] 7 / “ ¢ a ul Rey MARTIN & sonsoun én v REMY MARTIN : 5 y ARS CInBIB EA .) ‘THIS IS MY CITY: DETROIT. i ag em)
Slide 4: H1 2024-25 - Group sales bridge
H1 2024-25 - Group sales bridge Reported: -16.2% -15.9% a 03% Price-Mix: -2.4% Volume. -13.5% H1 2023-24 Organic Currency H1 2024-25
Slide 5: H1 2024-25 - Organic sales up +1.5% vs. H1 2019-20
H1 2024-25 - Organic sales up +1.5% vs. H1 2019-20 GROUP COGNAC Sales CAGR: 0.3% Incl. major US destocking Sales CAGR: -2.2% H1 19/20 H1 24/25 H1 19/20 H1 24/25 Volume. -10.2% (CAGR. -2.1%) Volume. -30.9% (CAGR: -7.1%) Price-Mix: +11.7% (CAGR:+2.4%) Price-Mix: +20.6% (CAGR.+5.0%) LIQUEURS & SPIRITS
Slide 6: Regional sales performance in Q2
Sales were down MSD% in Q2 (> +80% vs. 5Y) Another quarter of very strong sales decline in Q2 Slight growth in Q2, led by Germany, Greece and Italy Tougher market conditions during MAF, Continued destocking due to disappointing depletions Sell-out slightly improved, led by Metaxa particularly for hi
Slide 7: China and Asia Pacific performance
China which represents most of our Cognac exposure in APAC, was slightly down in Q2, affected by high comps (> +90% vs Q2 19/20) and tougher market conditions on the domestic market alongside a lower spend per capita in Travel Retail in APAC o Consumer confidence is low, cash pressures continue to a
Slide 8: North America, Latin America and EMEA
North America: o Low DD% decline in Q2, impacted once again by greater caution from wholesalers willing to maximize their global inventories in a slowing market o However, underlying trends show resilience vs market; Cointreau’s Q2 US value depletions were up LSD% YoY (i.e approx. +65% vs. Q2 19-20)
Slide 9: The Group now expects
The Group now expects DOUBLE-DIGIT ORGANIC SALES DECLINE (vs. gradual recovery in sales over the course of the year previously) ORGANIC COP MARGIN DETERIORATION (vs. protect profitability previously) Mixed FX effects for the year Rémy Cointreau confirms its 2029-30 objectives
Slide 10: Appendices
) {LLE BE DE BRILLET Appendices
Slide 11: Quarterly sales by division
Quarterly sales by division In &m Q1 24/25 QI 23/24 Reported % Organic % Cognac 1355 1551 126% “122% Liqueurs & Spirits 75.8 95.0 20.1% 20.4% Subtotal: Group Brands 21.3 250.0 15.5% 15.3% Partner Brands 57 75 24.3% 24.6% Total 217.0 257.5 “15.7% “18.6% In€m Q2 24/25 Q2 23/24 Reported % Organic % Cog
Slide 12: Key currency impacts on H1 2024-25 sales
Key currency impacts on H1 2024-25 sales (In €m) Total currency impact: -€1.6m 04 _ - | | 0.0 | | | | | "02 -0.1 -05 16 CNY JPY CAD Two Other PLN USD GBP currencies 12
Slide 13: Upcoming financial publications
Upcoming financial publications TY Nov. 28, 2024 XN mA — ss Jan. 29, 2025 \ cS April 30, 2025 ee, 2024-25 H1 Results 2024-25 Q3 Sales 2024-25 Q4 Sales
Slide 14: cl RO)
cl RO) GINGER REMY COINTREAU : SCAN your bottle of V.S.O.P and take up the challenge: A Rémy Ginger in Imin30. GOODBYE VODKA
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