Grupo Nutresa S.a. · BVC:NUTRESA
Grupo Nutresa — Q4 2023 Earnings Presentation
18 slides from Grupo Nutresa's earnings presentation, February 2024
Slide 1: Grupo Nutresa Earnings Results 4Q 2023
Grupo Nutresa Earnings Results 4Q 2023
Slide 2: Acknowledgment in Sustainability
Acknowledgment in Sustainability #1 We obtained the best scores in: In the DJSI World 2023 Inspiring growth, development and Cooperating with people, our Preserving the planet innovation partners and society ● Health & nutrition ● Food Loss and Waste ● Materiality ● Human capital development Managem
Slide 3: Colombia & international sales 4Q 2023
Colombia & international sales 4Q 2023 - 1,4% Q -11,3% * 749,2 P 10,9% Colombia sales Sales per business COP 2.806,5 0,5% - 7,9% + 4,0% + 13,6% Billion COP 379,3 - 4,8% 382,9 + 3,6% 364,9 unit 347,0 + 8,4% 237,7 - 5,7% Percentage variation in volume -Q and 206,1 Billion COP 139,2 prices -P % chg. Yo
Slide 4: Total sales 4Q 2023
Total sales 4Q 2023 Total sales Sales per business COP 4.620,3 -5,3% unit Billion COP - 5,6% - 4,6% 865,9 - 2,8% - 19,7% 788,2 695,8 708,6 - 6,5% + 9,6% Billion COP + 0,3% 451,0 409,2 351,1 + 8,4% - 5,4% 206,2 144,2 Biscuits Coffee Cold cuts Chocolates TMLUC Retail Food Ice Cream Pasta Other % chg.
Slide 5: Colombia & international sales Accumulated 2023
Colombia & international sales Accumulated 2023 Q -6,2% * + 6,6% Colombia sales 2.865,4 P 17,5% Sales per business COP 11.199,4 10,8% + 6,0% + 10,4% unit Billion COP + 16,5% + 15,7% 1.577,2 1.433,7 1.580,5 + 9,6% + 22,2% 1.413,9 + 9,0% Percentage variation in volume -Q and 871,1 855,7 Billion COP 60
Slide 6: Total sales Accumulated 2023
Total sales Accumulated 2023 Total sales Sales per COP 18.906,3 11,0% business unit Billion COP + 14,2% 3.551,1 + 2,7% + 4,7% + 12,1% 3.052,5 3.033,2 2.811,4 + 18,8% + 17,2% Billion COP 1.859,8 + 12,5% 1.768,3 1.355,1 + 22,2% + 8,3% 856,1 618,7 Biscuits Coffee Cold cuts Chocolates TMLUC Retail Food
Slide 7: Market Share
MARKET SHARE Colombia + TMLUC Consolidated market share in Colombia: 50,2% -1,2% Cold cuts Biscuits Chocolates Coffee TMLUC Ice cream Pasta Food Service 54,3% 48,1% Chocolate Roast and ICB * (A) Ice cream 45,5% #1 -1,0% -1,3% confectionery (A) ground 58,7% #1 -2,1% in Hamburgers in 68,2% coffee(A) -
Slide 8: Sales by region 2023
Sales by region 2023 United States 13,2% Mexico Convention 3,8% Cold cuts Biscuits Dominican Republic and the Caribbean 2,0% Chocolates 59,2% Central America Coffee Colombia 10,7% TMLUC Ice cream Venezuela Pasta Retail Food Colombia 59,2% Other 40,8% Production International Ecuador 1,1% Distributio
Slide 9: Raw materials
Raw materials Grupo Nutresa Cogs Breakdown Commodities Index -GNCI 2023 GNCI - Market 1,2% Poultry 150 Other 33,4% 140 2,4% Beef 130 3,1% Milk 120 121 117 4,6% Cocoa 110 112 100 107 4,6% Sugar 90 4,6% Oils&Fats 80 87 87 86 82 81 7,4% Pork 70 78 Coffee 16,6% 60 9,3% Wheat 2014 2015 2016 2017 2018 201
Slide 10: EBITDA 4Q 2023
EBITDA 4Q 2023 EBITDA 12,9% 11,4% EBITDA per COP 509,8 4,0% 9,2% + 7,5% + 13,6% business unit Billion COP - 21,0% 90,0 90,1 9,5% 19,4% EBITDA Margin 79,3 + 2,9% - 8,1% 11,0% 67,4 11,6% 68,2 + 31,7% 17,5% 47,6 Billion COP + 122,8% 36,0 3,9% 9,5% - 8,7% - 13,3% 17,6 13,6 Biscuits Coffee Cold cuts Choc
Slide 11: EBITDA Accumulated 2023
EBITDA Accumulated 2023 EBITDA 11,9% EBITDA per COP 2.203,0 11,8% + 15,1% business unit Billion COP 420,9 11,1% 12,2% + 38,7% + 4,0% EBITDA Margin 9,4% 20,1% 11,7% 339,0 341,8 - 9,5% + 10,4% 285,8 11,3% 272,5 + 15,1% 19,2% Billion COP 211,1 + 60,0% 6,3% 164,6 + 0,8% 9,1% - 23,2% 110,8 56,5 Biscuits
Slide 12: Income statement 4Q 2023
Income statement 4Q 2023 2023 4Q % Revenue 2022 4Q % Revenue % Var. Continuing operations Operating revenue 4.620.281 100,0% 4.881.033 100,0% -5,3% Cost of goods sold -2.740.406 -59,3% -3.129.906 -64,1% -12,4% Gross profit 1.879.875 40,7% 1.751.127 35,9% 7,4% Administrative expenses -197.706 -4,3% -
Slide 13: Income statement Accumulated 2023
Income statement Accumulated 2023 2023 % Revenues 2022 % Revenue % Var. Continuing operations Operating revenue 18.906.264 100,0% 17.037.823 100,0% 11,0% Cost of goods sold -11.508.293 -60,9% -10.799.595 -63,4% 6,6% Gross profit 7.397.971 39,1% 6.238.228 36,6% 18,6% Administrative expenses -747.758
Slide 14: Consolidated net debt
Consolidated net debt 3.500 3.311 2.906 3.036 2.808 Billion COP 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* Dec-23* Net debt 1.752 2.808 2.906 2.596 2.441 2.709 2.419 2.479 3.311 3.036 Net debt/ EBITD
Slide 15: 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": http://www.gruponutresa.com/en/co
Slide 16: Financial position 2023 (assets)
Financial position 2023 December 2023 December 2022 % Var. ASSETS Current assets Cash and cash equivalents 1.068.071 1.060.247 0,7% Trade and other receivables, net 1.703.828 1.856.746 -8,2% Inventories 2.232.801 3.004.244 -25,7% Biological assets 227.475 259.373 -12,3% Other assets 549.378 619.202
Slide 17: Financial position 2023 (liabilities)
Financial position 2023 December 2023 December 2022 % Var. LIABILITIES Current liabilities Financial obligations 757.727 588.630 28,7% Right-of-use liabilities 179.891 101.236 77,7% Trade and other payables 1.924.834 2.237.380 -14,0% Tax charges 378.278 348.993 8,4% Employee benefits liabilities 308
Slide 18: 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