Uac Of Nigeria Plc · NSENG:UACN
Uac Of Nigeria — H1 2026 Earnings Presentation
32 slides from Uac Of Nigeria's earnings presentation, Jul 31, 2026
Slide 1: UAC of Nigeria PLC H1 2026 Results
UAC of Nigeria PLC H1 2026 Results 31 July 2026 Fola Aiyesimoju – Group Managing Director Funke Ijaiya-Oladipo – Group Finance Director
Slide 2: Disclaimer
Disclaimer 2 This presentation contains forward-looking statements which reflect management's expectations regarding UAC of Nigeria PLC, its subsidiaries and associate businesses (“UAC”, the “Company” or “Group”), future growth, results of operations, performance, business prospects, operating marke
Slide 3: Contents
Contents 3 Introduction 4 Operating context 6 H1 2026 highlights 10 H1 2026 financial performance 16 Outlook 22 Appendix 1: Segment performance highlights 25 Appendix 2: Additional financial information 29
Slide 4: Introduction
Introduction
Slide 5: Introduction
Introduction 5 ▪ In H1 2026, UAC of Nigeria PLC (“UAC”) recorded revenue of ₦365 billion (3.3x H1 2025) and Profit Before Tax of ₦34 billion (3.1x H1 2025). ▪ Operating profit increased 3.9x from ₦12.6 billion to ₦49 billion in H1 2026. ▪ Performance in H1 2026 was stronger than H1 2025 on account o
Slide 6: Operating Context
fi 4 Operate Cont ’ co
Slide 7: Stable macroeconomic environment amid slight inflation uptick
Stable macroeconomic environment amid slight inflation uptick 7 Real GDP Growth Exchange Rate ₦:$ CBN rates Parallel 1,700 1,650 1,600 1,550 4.2% 4.1% 1,500 3.8% 4.0% 3.9% 3.5% 3.5% 1,450 3.0% 3.2% 3.1% 2.5% 2.5% 1,400 2.3% 1,350 1,300 1,250 1,200 Jan-26 Jan-25 Oct-25 Dec-25 Feb-25 Apr-25 Nov-25 Feb
Slide 8: Food and Beverage input costs moderated in Q2 2026
Food and Beverage input costs moderated in Q2 2026 8 Food and Whole Milk Powder Concentrate Granulated Sugar Laminate Beverage segment inputs 300 269 267 274 260 241 248 219 214 207 205 177 100 100 100 100 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Q2 2023 Q2 2024 Q2 2025 Q2 202
Slide 9: Input costs were mixed across other segments in Q2 2026
Input costs were mixed across other segments in Q2 2026 9 Costs eased for Edibles & Feed but were mixed for Paints, against a backdrop of rising energy prices Animal Feed Maize Soya Bean Paints 349 246 189 172 159 117 100 100 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Resin Tita
Slide 10: H1 2026 Highlights
H1 2026 Highlights
Slide 11: UAC's performance is driven by our house of scalable quality brands
UAC’s performance is driven by our house of scalable quality brands 11 Dulux, Hempel, Capri-Sun and Debonairs Pizza are produced under license from the brand owners
Slide 12: Value creation focus – margin improvement progress
Value creation focus – margin improvement progress 12 Our focus has been to balance revenue growth and margin improvements – applying management practices and operating disciplines proven at UAC Foods Limited ("UFL") to C.H.I. Limited (“CHI"), with clear progress to date. UFL – Revenue (₦’bn) UFL –
Slide 13: … and deleveraging as well as working capital optimisation
… and deleveraging as well as working capital optimisation 13 Total debt reduced by ₦38bn to ₦307bn as at June 2026, from ₦345bn in December 2025. Long-term debt to LTM EBITDA improved to 1.6x reflecting debt repayments funded through deliberate working capital optimisation initiatives and improved
Slide 14: We continued to invest in talent, technology and operations
We continued to invest in talent, technology and operations 14 ▪ Strategic Executive moves across the Group to align leadership capacity with business needs. ➢ Bolarin Okunowo, former MD of Chemical and Allied Products PLC (CAP PLC), appointed Executive Director, Corporate Services & Transformation
Slide 15: Spotlight on recently launched products
Spotlight on recently launched products 15 Recently launched products with the potential to be significant contributors to revenue growth and profitability. Packaged Food & Beverages Paints Zuri Seasoning Dulux Spruce September 2025 May 2026
Slide 16: H1 2026 Financial Performance
H1 2026 Financial Performance
Slide 17: H1 2026 financial highlights
H1 2026 financial highlights 17 Operating Profit Before Free Cash Return on Revenue EPS Profit Tax Flow Invested Capital1 H1 H1 H1 H1 H1 H1 ₦365bn ₦49bn ₦34bn 658 kobo ₦71bn 25% +231% +289% +210% 238 kobo ₦8.8bn 40% vs H1 2025 vs H1 2025 vs H1 2025 H1 2025 H1 2025 H1 2025 (1) Invested capital (denom
Slide 18: Revenue contribution per segment
Revenue contribution per segment 18 Revenue Bridge (in ₦’mn) Increase in revenue due to contribution from CHI and topline growth from UFL. 267,524 2,317 (159) 364,970 (15,117) 110,406
Slide 19: H1 2026 Income Statement
H1 2026 Income Statement 19 In Naira Millions H1 2026 H1 2025 Δ% Revenue 364,970 110,406 231% COGS (260,412) (82,150) 217% Gross Profit 104,558 28,256 270% Gross Profit Margin 28.6% 25.6% 306 bps Operating Expense (57,131) (17,016) 236% Other Income 1,539 1,353 14% Opex/Sales 15.7% 15.4% 24 bps EBIT
Slide 20: Balance sheet and liquidity
Balance sheet and liquidity 20 Net Assets Net Debt Capex Cash Cycle Long-term Debt to EBITDA ₦76bn ₦257bn ₦3.6bn 106 days 1.6x ₦70bn ₦294bn ₦7.3bn 111 days 3.2x Dec 2025 Dec 2025 Dec 2025 Dec 2025 Dec 2025
Slide 21: Net debt position
Net debt position 21 Net (Debt)/Cash Position as at 30 June 2026 (in ₦ mn) Cash & Cash Net Cash/(Debt) Equivalents Short-Term Debt Long-Term Debt Total Debt (excl. Intra-Group) HoldCo 3,033 (39,765) (59,729) (99,493) (96,459) Edibles and Feed 1,216 (11,277) (748) (12,026) (10,811) Paints 9,542 - - -
Slide 22: Outlook
Outlook
Slide 23: Conclusion and outlook
Conclusion and outlook 23 ▪ UAC is one of Nigeria’s largest consumer goods companies. We recorded strong performance in H1 2026 powered by our house of scalable quality brands. ▪ We have made progress on our value creation plans for CHI: ― Aligned CHI with the Group’s operating model across key dime
Slide 24: Questions & Answers
Questions & Answers For further information please contact UACN Investor Relations Email: Investorrelations@uacnplc.com Phone: +234 906 269 2908
Slide 25: Appendix 1: Segment performance highlights
Appendix 1 Segment performance highlights
Slide 26: We hold leading positions across our core segments
We hold leading positions across our core segments 26 Packaged Food & Beverages Edibles and Feed Paints H1 2026 Share of Revenue H1 2026 Share of Revenue H1 2026 Share of Revenue 9% 6% 84% Market leading positions in our core segments #1 in baked snacks #1 in drinking yoghurt, #2 in evaporated milk,
Slide 27: Segment performance highlights – H1 2026
Segment performance highlights – H1 2026 27 Packaged Food & ▪ Revenue of ₦307bn and EBIT of ₦46bn, 6.8x H1 2025, driven by the consolidation of C.H.I. Limited, volume Beverages growth at UAC Foods Limited (UFL) and cost optimisation. (84% of Revenue) ▪ EBIT margin narrowed 183bps to 14.9%, reflectin
Slide 28: Segment performance snapshot – H1 2026
Segment performance snapshot – H1 2026 28 Revenue Profit Before Tax ₦ mn H1 2026 H1 2025 % change ₦ mn H1 2026 H1 2025 % change Group 364,970 110,406 231% Group 34,445 11,100 210% Packaged Food & Beverages 307,422 39,888 671% Packaged Food & Beverages 33,562 6,941 384% Edibles and Feed 33,951 49,201
Slide 29: Appendix 2: Additional financial information
Appendix 2 Additional financial information
Slide 30: H1 2026 financial performance
H1 2026 financial performance 30 In Naira Millions Q1 2026 Q1 2025 Δ% Q2 2026 Q2 2025 Δ% H1 2026 H1 2025 Δ% Revenue 191,224 56,003 241% 173,746 54,402 219% 364,970 110,406 231% COGS (136,409) (41,747) 227% (124,002) (40,402) 207% (260,412) (82,150) 217% Gross Profit 54,814 14,256 285% 49,744 14,000
Slide 31: Financial Position – 30 June 2026
Financial Position – 30 June 2026 31 Summary Balance Sheet Working Capital N mn Jun-26 Dec-25 % N mn Jun-26 Dec-25 % Non-current Assets 301,536 305,848 (1%) Inventory 184,792 214,533 (14%) Current Assets 256,190 291,139 (12%) Trade Receivables 7,460 8,314 (10%) Other Assets 46 71 (35%) Trade Payab
Slide 32: Cash Flow
Cash Flow 32 PBT to Free Cash Flow ₦ mn, unless otherwise stated H1 2026 H1 2025 Profit Before Tax from continuing operations 34,445 11,100 Non-Cash charges 27,647 3,867 Changes in working capital 20,219 352 of which receivables 3,576 (1,192) of which inventory 29,748 6,096 of which payables (12,456