Magnum Ice Cream Co. N.v. · EURONEXT:MICC
Magnum Ice Cream — The Magnum Ice Cream Company — H1 2026 Earnings Presentation
31 slides from Magnum Ice Cream's earnings presentation, Jul 30, 2026
Slide 1: H1 2026 Results
H1 2026 Results 30 July 2026
Slide 2: Cautionary statement regarding forward-looking statements and assumptions
Cautionary statement regarding forward - looking statements and assumptions This document may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995, concerning the financial condition, resul
Slide 3: Agenda: H1 2026
Agenda: H1 2026 Agenda : H1 2026 • Key highlights • Business performance • Financial results • Summary and Q&A 3
Slide 4: Peter ter Kulve, Chief Executive Officer
Peter ter Kulve Chief Executive Officer 4
Slide 5: Solid performance driven by innovation and operational rigour
Solid performance driven by innovation and operational rigour Solid performance driven by innovation and operational rigour > Revenue €4.7 billion; +4.7% organic sales growth (OSG) > Growth balanced with +2.5% volume and +2.2% price, and across all regions > Disciplined execution driving performance
Slide 6: Life tastes better with ice cream
Life tastes better with ice cream ¥ ani HE he
Slide 7: We create value through a simple model
We create value through a simple model Beauty-level demand creation and innovation Average annual OSG 3 to 5% Adj. EBITDA 40 -60bps Bottling company FCF €0.8-1.0bn in 2028 and 2029 execution rigour, ROIC ~20% cost control and omnichannel sales Ownership culture: Clear accountability, simple structur
Slide 8: Agenda: H1 2026
Agenda: H1 2026 Agenda : H1 2026 • Key highlights • Business performance • Financial results • Summary and Q&A 8
Slide 9: Growth balancing volume and value
Growth balancing volume and value €4.7 billion Revenue + 4.7 % +2.5 % + 2.2 % Organic Sales Organic Volume Organic Price Growth Growth Growth (OSG) (OVG) (OPG) 9
Slide 10: All regions delivered growth
All regions delivered growth H1 2026 OSG OVG OPG EU & ANZ 4.1% 4.8% -0.6% Americas 3.2% 0.1% 3.1% AMEA 7.6% 1.9% 5.6% 10
Slide 11: Growth powered by strong global brands
Growth powered by strong global brands 11
Slide 12: Innovation speed delivering results
Innovation speed delivering results Core portfolio Premium Brands Perfect portfolio Category expanding superiority go multi - format (format/flavour/pack/price) innovation 12
Slide 13: Frontline-first model driving growth in all channels
Frontline - first model driving growth in all channels At- Home (Retail) • Mid-single digit growth • Dedicated sales force • US: rebuilding distribution in Value + Club Away - from - Home • Mid-single digit growth • Cabinet fleet expansion in key markets • Route-to-market digitization Digital Commer
Slide 14: €90m productivity savings; Transformation remains on track
€90m productivity savings; Transformation remains on track Productivity Program on track €90 million in savings in H1 2026, including: • €70 million in supply chain • €20 million from overheads Continue to reduce waste, improve factory utilisation, and debottleneck our supply chain Reinvesting in fu
Slide 15: Agenda: H1 2026
Agenda: H1 2026 Agenda : H1 2026 • Key highlights • Business performance • Financial results • Summary and Q&A 15
Slide 16: Abhijit Bhattacharya, Chief Financial Officer
Abhijit Bhattacharya Chief Financial Officer 16
Slide 17: Financial results driven by growth and productivity
Financial results driven by growth and productivity Financial results driven by growth and productivity > Revenue €4.7 billion, +4.7% organic sales growth (OSG); +2.5% volume, +2.2% price > Adj. EBIT margin 15.3% (H1 2025: 14.8%), +50bps improvement vs H1 2025 Adj. EBITDA €880 million (H1 2025: €853
Slide 18: Financial performance summary
Financial performance summary Highlights • All regions contributed to organic sales growth In €, percentage (unaudited) H1 2026 H1 2025 • Reported revenue growth was impacted by Revenue (in € billions) 4.7 4.5 +2.3% acquisitions and -2.7% forex translation Reported revenue growth 4.2% 2.5% • Adjuste
Slide 19: Europe & ANZ: Volume-driven growth and strong margin delivery
Europe & ANZ: Volume - driven growth and strong margin delivery Highlights • Growth was volume-driven, supported by In €, percentage (unaudited) H1 2026 H1 2025 favourable weather, with France and the UK Revenue (in € billions) 2.0 1.9 main growth drivers; Italy stabilised Reported revenue growth 5.
Slide 20: Americas: Price-led growth and productivity driving margins
Americas : Price - led growth and productivity driving margins Highlights • Growth was driven by our leading US brands, In €, percentage (unaudited) H1 2026 H1 2025 with Yasso and Popsicle continuing double-digit Revenue (in € billions) 1.5 1.5 growth; Brazil turnaround continues Reported revenue gr
Slide 21: AMEA: Strong growth with margin impacted by headwinds
AMEA: Strong growth with margin impacted by headwinds Highlights • Continued growth was driven by Türkiye and In €, percentage (unaudited) H1 2026 H1 2025 Pakistan, as well as India (included from Q2) Revenue (in € billions) 1.3 1.2 • Innovations also contributed to strong growth, Reported revenue g
Slide 22: Adjusted EBITDA margin: +70bps, excluding impact of TSAs depreciation and acquisition in India
Adjusted EBITDA margin: +70bps, excluding impact of –70bps TSAs depreciation and –30bps acquisition in India 190 160 -200 -80 -30 -70 19.0% 18.7% 19.0% 19.7% 18.7% 14.8% 15.3% Pricing Cost inflation/mix Comparable TSA related H1 2026 Depreciation H1 2025 Productivity Reinvestment India H1 2026 and o
Slide 23: Free Cash Flow €135m higher, mainly due to working capital movements and higher EBIT
Free Cash Flow €135m higher, mainly due to working capital movements and higher EBIT 174 273 75 138 99 38 72 -48 -80 -24 Interest Cost Tax EBIT Comparable FCF H1 2026 H1 2026 FCF H1 2025 Lower D&A Comparable Capex WC movements H1 2025 23
Slide 24: Full-year outlook reaffirmed
Full - year outlook reaffirmed Competitive growth Adjusted EBITDA Organic Sales Growth 40-60bps improvement 3-5% (comparable perimeter) Reported Adjusted EBITDA 0-20bps improvement Perimeter Adjusting Items India and Portugal €425 – €450 million included from Q2 2026 Adjusted Effective Tax Rate Net
Slide 25: Capital allocation policy unchanged
Capital allocation policy unchanged • Main driver of value creation Organic growth & productivity • Targeted re-investment to drive profitable growth Shareholder returns • Pay-out ratio of 40-60% of adjusted net income* Consistent dividend policy • First dividend to be paid in 2027 for FY 2026, subj
Slide 26: Agenda: H1 2026
Agenda: H1 2026 • Key highlights • Business performance • Financial results • Summary and Q&A 26 26
Slide 27: Solid performance driven by innovation and operational rigour
Solid performance driven by innovation and operational rigour Solid performance driven by innovation and operational rigour > Revenue €4.7 billion; +4.7% organic sales growth (OSG) > Growth balanced with +2.5% volume and +2.2% price, and across all regions > Discliplined execution driving performanc
Slide 28: The Magnum Ice Cream Company
THE MAGNUM E CREAM COMPANY
Slide 29: Expected translation FX impact on TMICC revenue in 2026
Expected translation FX impact on TMICC revenue in 2026 In percentage H1 2026 Act FY 2026 FX impact on TMICC group revenue1 -2.7% -2.0% Europe & ANZ -0.1% 0.3% Americas -4.1% -1.7% AMEA -5.2% -6.2% Notes: 1. Based on forward FX rate in July 2026. Final impact subject to change based on FX movements
Slide 30: Description of Non-IFRS Financial Measures
Description of Non - IFRS Financial Measures In considering the financial performance of the Group, management analyses certain measures not defined by, or calculated in accordance with, IFRS, including organic sales growth (“OSG”), organic volume growth (“OVG”), Adjusted EBITDA, adjusted return on
Slide 31: The Magnum Ice Cream Company
THE MAGNUM ICE CREAM (C9) COMPANY
The Magnum Ice Cream Company — H1 2026 Earnings Presentation on 6ix