Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — H1 2023 Earnings Presentation
12 slides from Kri-kri Milk Industry's earnings presentation, September 2023
Slide 1: Analysts' Brief: 2023 Half Year Results
Authentic products drive sustainable growth ANALYSTS’ BRIEF 2023 HALF YEAR RESULTS September 2023
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | H1 - 2023 Kri Kri Legal Legal disclaimer 02 This presentation was prepared by KRI KRI S.A. The information contained herein has been obtained from company and external sources believed to be reliable, but not guaranteed as to its accuracy or completeness. The information cont
Slide 3: Financial Results
INVESTOR PRESENTATION | H1.2023 Financial Results 03 Profit and Loss Statement Margins H1.2021 H1.2022 H1.2023 H1.2021 H1.2022 H1.2023 Sales 70,23 83,38 112,97 Gross Profit 24,56 18,59 41,31 35,0% 22,3% 36,6% Operating Expenses 11,97 13,45 14,98 17,0% 16,1% 13,3% EBIT 12,59 5,14 26,33 17,9% 6,2% 23,
Slide 4: Gross Profit bridge
INVESTOR PRESENTATION | H1.2023 Gross Profit bridge 04
Slide 5: EBIT bridge
INVESTOR PRESENTATION | H1.2023 EBIT bridge 05 OpEx dilution • Δ% Sales +35,5% • Δ% OpEc +11,4% • Dilution adds 2,8pp to EBIT margin
Slide 6: Segment review Yogurt exports
INVESTOR PRESENTATION | H1.2023 Segment review Yogurt exports 06 Key Highlights 49,5 • Strong growth in Italy +48.6% and the 33,1 UK +45% 12,50 • Significant increase in Austria and 0,38 Denmark Sales EBIT • Yogurt exports now represents 56.1% 2023 2022 of total yogurt sales Sales +49.8% EBIT +33k%
Slide 7: Segment review Yogurt Greece
INVESTOR PRESENTATION | H1.2023 Segment review Yogurt Greece 07 Key Highlights 38,7 28,1 Sales +37.8% • Lower market share reduction than our 6,90 EBIT +1.4.k% competitors 0,40 Margin +16.4pp Sales EBIT • Leading supplier in private label. Inflation 2023 2022 turns more consumers to value for money
Slide 8: Segment review Ice cream
INVESTOR PRESENTATION | FY 2022 Segment review Ice cream 08 Key Highlights Sales EBIT 18,0 16,4 5,2 • Strong single-digit growth in sales 3,6 • Expansion of our sales network 5,6 5,1 • Leveraging the sales’ power of our new 0,6 0,6 premium range of Master Rich ice creams Greece Exports Greece Export
Slide 9: Cash Flow / Ratios
INVESTOR PRESENTATION | H1.2023 Cash Flow / Ratios 09 Working capital Cash Flow H1.2023 H1.2022 H1.2021 H1.2023 H1.2022 H1.2021 Inventory 44 44 59 Cash flow from operations 16,5 1,5 6,4 Cash flow from investments -6,2 -4,1 -5,1 Trade Receivables 68 81 93 Cash flow from finance -1,6 0,2 -1,8 Trade Pa
Slide 10: Growth strategy
INVESTOR PRESENTATION | H1-2023 Growth strategy 10 We highlight We take advantage of opportunities and business strengthen their opportunities dynamics • Consumers: increased budget for product price reductions through promotions. • Farmers: An additional payment of total €500.000 as a "premium for
Slide 11: Estimates for 2023
INVESTOR PRESENTATION | H1.2023 Estimates for 2023 11 Total sales are expected to exceed €200m Sales Growth in 2023. 2023 IFRS - €m 2022 Δ% 2021 2020 est. EBIT for 2023 is expected to reach €33m Sales 200,0 171,8 16,4% 134,6 126 Profit Margins (+33% increase compared to the initial EBIT 33,0 4,0 520
Slide 12: Share information
INVESTOR PRESENTATION | H1.2023 Share information 12 Share information Shareholders’ structure Contact information Market: Main market Tsinavos Family : 73,2% KRI KRI S.A. MILK INDUSTRY 3rd km Serres-Drama Sector: Food & Beverage Legal Entities : 20,1% Serres PC 62125 Individuals : 6,7% Greece Ticke
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