Slide 1: Earnings Call First Quarter 2024
EARNINGS CALL FIRST QUARTER 2024 April 30th, 2024
Slide 2: Disclaimer
DISCLAIMER This presentation may contain financial or business projections regarding recent acquisitions, their financial or business impact, management expectations and objectives regarding such acquisitions and current management expectations on the operating and financial performance of The Compa
Slide 3: Topics
TOPICS Q1 ‘24 CONSOLIDATED OPERATING RESULTS 1 Q1 ‘24 OPERATING RESULTS BY BUSINESS 2 LIQUIDITY AND BALANCE SHEET 3 OUR VIEW FOR 2024 4 APPENDIX 5
Slide 4: Q1 '24 Consolidated Operating Results
Q1 ’24 CONSOLIDATED OPERATING RESULTS
Slide 5: Adjusted Gross Profit Continues to Recover
Q1 ‘24 CONSOLIDATED OPERATING RESULTS Consolidated Adjusted GROSS PROFIT – Q1 ‘24 vs. Q1 ‘23 Q1 PERFORMANCE SUMMARY – ADJUSTED GROSS PROFIT1 PEN million 713 499 453 682 OUR ADJUSTED GROSS +22% MAIN ADJUSTMENTS TO GROSS PROFIT CONTINUES TO +21% PROFIT2 RECOVER DRIVEN BY 26 23 593 634 97 Q1 ’24: OUR C
Slide 6: Consolidated Adjusted EBITDA Increased YoY
Q1 ‘24 CONSOLIDATED OPERATING RESULTS Consolidated Adjusted EBITDA – Q1 ‘24 vs. Q1 ‘23 Q1 PERFORMANCE SUMMARY – ADJUSTED EBITDA1 PEN million CONSOLIDATED ADJUSTED EBITDA INCREASED YoY MAINLY +43% EXPLAINED BY OUR +38% MAIN ADJUSTMENTS TO EBITDA2 CONSUMER UNITS, 34 15 Q1 ’24: 340 DESPITE PERFORMANCE
Slide 7: Operating Results by Business
Q1 ‘24 OPERATING RESULTS BY BUSINESS
Slide 8: Consumer Goods: CGP, B2B & CGI Q1 Performance
Q1 ‘24 OPERATING RESULTS BY BUSINESS CGP, B2B & CGI: Q1 Performance1 Adj. Gross Profit & margin Adj. EBITDA & margin PEN million PEN million +39% +78% 345 204 CONSUMER 248 24.6% 38.3% 114 22.6% Volume Sold (MTk) Q1: 137 (-9%) GOODS PERU2 11.3% Q1 ’23 Q1 ’24 Q1 ’23 Q1 ’24 +25% +28% 114 67 91 52 B2B3
Slide 9: Aquafeed & Crushing: Q1 Performance
Q1 ‘24 OPERATING RESULTS BY BUSINESS Aquafeed & Crushing: Q1 Performance1 Adj. Gross Profit & margin Adj. EBITDA & margin USD million USD million -40% -67% 29 19 17 Volume Sold (MTk) AQUAFEED2 Q1: 138 (-20%) 6 12.1% 9.9% 8.0% 3.5% Q1 ’23 Q1 ’24 Q1 ’23 Q1 ’24 +45% +2.5x 11 7 8 CRUSHING3 Volume Sold (
Slide 10: Liquidity and Balance Sheet
LIQUIDITY AND BALANCE SHEET
Slide 11: Change in Strategy Allowed Us to Improve EBITDA and Deleverage
LIQUIDITY AND BALANCE SHEET Leverage INDEBTEDNESS EVOLUTION1 4.2 3.9 3.8 3.1 2.8 3.6 2.7 TOTAL CASH THE CHANGE IN OUR 2.8 2.7 PEN 1,518 million STRATEGY ALLOWED US 4,107 5,098 4,912 3,588 2.3 available TO IMPROVE EBITDA 3,304 AND CASH FLOW GENERATION, LEADING Q1 ’23 Q2 ’23 Q3 ’23 Q4 ’23 Q1 ’24 DEBT
Slide 12: Our View Going Forward
OUR VIEW GOING FORWARD
Slide 13: Our View for 2024: Guidance
OUR VIEW FOR 2024 Guidance REVENUE ADJ. EBITDA CAPEX LEVERAGE LOW SINGLE EX. CRUSHING EX. AQUAFEED 1.9x - 2.4x DIGIT DECREASE +13% - 18% USD ~62 MM NET DEBT / ADJ. EBITDA CONSOLIDATED CONSOLIDATED +17% - 22% USD ~76 MM 13
Slide 14: General Shareholders' Meeting on May 16th
Q1 ‘24 HIGHLIGHTS General Shareholders’ Meeting on May 16th ON APRIL 17TH THE BOARD OF DIRECTORS CALLED FOR A GENERAL SHAREHOLDERS’ MEETING TO DISCUSS: SHARE BUYBACK PROGRAM ▪ Up to 10% of outstanding common shares ▪ Keep them as treasury shares without amortizing them ▪ To be charged against accumu
Slide 15: Earnings Call First Quarter 2024
EARNINGS CALL FIRST QUARTER 2024 April 30th, 2024
Slide 16: Reported and Adjusted Results Summary
APPENDIX Reported and Adjusted Results Summary Q1 '23 Q1 '24 Reported Adjusted Reported Adjusted CGP 248 248 345 345 PEN CGI 44 44 70 70 GROSS PEN B2B 91 91 114 114 PEN PROFIT Aquafeed USD 29 29 17 17 Crushing 7 7 7 11 USD Total 520 520 619 634 PEN ex. Crushing 492 492 593 593 PEN Q1 '23 Q1 '24 Repo
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