Royal Unibrew A/s · OMXCOP:RBREW
Royal Unibrew A/s — Q2 2022 Earnings Presentation
12 slides from Royal Unibrew A/s's earnings presentation, 2022
Slide 1: Q2 2022 Interim Results Presentation
ROYAL UNIBREW Q2 2022 Interim Results Presentation By Lars Jensen (CEO) & Lars Vestergaard (CFO)
Slide 2: Disclaimer
ROYAL UNIBREW Q2 2022 Interim Results Presentation 2 Disclaimer This presentation contains forward-looking statements, including statements about the Group’s sales, revenue, earnings, spending, margins, cash flows, inventories, products, actions, plans, strategies, objectives and guidance with respe
Slide 3: Strong topline momentum
ROYAL UNIBREW Q2 2022 Interim Results Presentation 3 Strong topline momentum Outlook maintained • Strong topline development with 5% (H1 2022: 2%) organic volume growth and 15% (H1 2022: 15%) organic revenue growth • Organic EBIT decline of 13% (H1 2022: -13%) driven by input price increases and inv
Slide 4: An eventful half-year
ROYAL UNIBREW Q2 2022 Interim Results Presentation 4 An eventful half-year • The first half of 2022 positively impacted by the re-opening. On-Trade grew by double-digit percentages across all markets • The events business has also returned in the second quarter • Off-Trade volumes declined in parall
Slide 5: Results for H1 2022 - business segments
ROYAL UNIBREW Q2 2022 Interim Results Presentation 5 Results for H1 2022 - business segments NORTHERN EUROPE WESTERN EUROPE INTERNATIONAL DENMARK, GERMANY, FINLAND, LATVIA, LITHUANIA, ESTONIA, ITALY AND FRANCE 65 MARKETS IN AMERICAS AND EMEAA NORWAY AND SWEDEN 4,897 thl 4,052 mDKK 924 thl 762 mDKK 6
Slide 6: Financial performance Q2 and H1 2022
ROYAL UNIBREW Q2 2022 Interim Results Presentation 6 Financial performance Q2 and H1 2022 • Strong topline development supported by the re-opening of the On-Trade • Solid organic price/mix driven by price increases and higher On-Trade sales • EBIT declined to DKK 720 million, but is still above H1 2
Slide 7: Profitability - EBIT margin (%)
ROYAL UNIBREW Q2 2022 Interim Results Presentation 7 Profitability - EBIT margin (%) Revenue bridge (mDKK) EBIT margin bridge (%) 15% 23%
Slide 8: Free cash flow H1 2022 (mDKK)
ROYAL UNIBREW Q2 2022 Interim Results Presentation 8 Free cash flow H1 2022 (mDKK) H1 2021: 594 335 81 -125 885 -202 683
Slide 9: Outlook
ROYAL UNIBREW Q2 2022 Interim Results Presentation 9 Outlook 2022 • Russia’s invasion of Ukraine impacted our cost base by an additional approx. DKK 300 million in Q1 • Especially energy prices have continued up in Q2 2022 having an additional negative impact of around DKK 100 million on 2022 EBIT •
Slide 10: Management agenda
ROYAL UNIBREW Q2 2022 Interim Results Presentation 10 Management agenda • Average price up to reach an unchanged gross profit pr hl • Manage cost pressure • Monitor market development following price increases • Integrate and execute on acquired businesses • Manage capex to ensure capacity and fulfi
Slide 11: Q&A
ROYAL UNIBREW Q2 2022 Interim Results Presentation 11 Q&A
Slide 12: Thank you for your attention
ROYAL UNIBREW Thank you for your attention