Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — FY2021 Earnings Presentation
14 slides from Kri-kri Milk Industry's earnings presentation, 2022
Slide 1: Analysts' Brief 2021 Full Year Results
Authentic products drive sustainable growth ANALYSTS’ BRIEF 2021 FULL YEAR RESULTS
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | FY 2021 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 contai
Slide 3: Highlights
INVESTOR PRESENTATION | FY 2021 Highlights 03 YOG Exports Ice Cream segment Top line growth continues a season of recovery 2019 2020 2021 YOG Greece Input Costs Inflation hard competition, Energy prices drive raw now eased materials price inflation
Slide 4: Segment review Yogurt exports
INVESTOR PRESENTATION | FY 2021 Segment review Yogurt exports 04 Key Highlights 54,7 49,8 • Strong growth in Italy +28% • Slight decrease in UK • Yogurt exports represents 52% of total 6,02 7,45 yogurt sales Sales EBIT 2021 2020 • Little direct impact from Brexit • Much higher transportation costs S
Slide 5: Segment review Ice cream
INVESTOR PRESENTATION | FY 2021 Segment review Ice cream 05 Sales EBIT Key Highlights 23,4 4,6 20,7 4,0 • Strong recovery, both in sales and margin 6,50 • Price improvement 4,69 0,54 0,22 Greece Exports Greece Exports • Exports development 2021 2020 2021 2020 IΤ +78% I AL +37% I CY +18% SALES 12M.20
Slide 6: Segment review Yogurt Greece
INVESTOR PRESENTATION | FY 2021 Segment review Yogurt Greece 06 Key Highlights 49,6 50,0 Sales -0,8% • Competitive pricing driven by leader has 5,52 6,65 EBIT -17,0% pushed market back; now abandoned Margin -2.2pp Sales EBIT 2021 2020 • Leading supplier in private label. Inflation Average price per
Slide 7: Segment review Yogurt Greece
INVESTOR PRESENTATION | FY 2021 Segment review Yogurt Greece 07 Winning in the marketplace Key Highlights VOLUME VALUE 2020 2021 Δ pp 2020 2021 Δ pp Leader 22,5 24,0 1,5 22,7 22,9 0,2 • Increased value market share in 2021, KRI-KRI 16,3 15,9 -0,4 16,1 16,3 0,2 even in difficult competitive market Co
Slide 8: Input costs
INVESTOR PRESENTATION | FY 2021 Input costs 08 • We expect a stress in our 1 • Price of natural Gas Key Highlights 14.4% margins, the extent of which will • Price of fertilizers • Sudden, high input cost inflation 2 depend on the time the inputs 3 • Price of animal feed prices deescalate • First rou
Slide 9: Cash Flow / CapEx
INVESTOR PRESENTATION | FY 2021 Cash Flow / CapEx 09 Cash Flow CapEx 2021 2020 2019 In 2021 CAPEX reached €10m Cash flow from operations 23,49 17,13 13,75 Biogas station (€6m) Cash flow from investments (10,61) (11,02) (14,90) Cash flow from finance (11,87) (7,29) (2,80) Free Cash Flow 12,88 6,11 (1
Slide 10: FY 2021 financial results
INVESTOR PRESENTATION | FY 2021 FY 2021 10 ΕΒΙΤ IFRS - €m 2021 2020 Δ% 2019 9.075 8.451 Sales 134,6 126,0 6,8% 112,9 6.524 6.602 Gross Profit 41,2 40,4 1,9% 39,1 3.524 3.616 EBITDA 21,0 22,3 -5,8% 21,1 EBIT 16,7 18,6 -10,3% 17,8 -92 -2.457 PBT 16,5 18,4 -10,1% 17,6 Q1 Q2 Q3 Q4 PAT 13,2 15,8 -16,7% 1
Slide 11: Dividend
INVESTOR PRESENTATION | FY 2021 Dividend 11 0,55 20 18,4 17,6 18 16,5 0,45 16 2021 2020 2019 2018 2017 14,2 EBT (m) 16,5 18,4 17,6 14,2 9,9 14 0,35 EAT (m) 13,2 15,8 15 10,1 7,3 12 9,9 EPS 0,4 0,48 0,45 0,31 0,22 0,25 10 DPS 0,2 0,2 0,18 0,15 0,12 8 0,15 6 Payout ratio 50,1% 41,8% 39,7% 49,1% 52,1%
Slide 12: ESG
INVESTOR PRESENTATION | FY 2021 ESG 12 Biogas plant for sewage treatment Ιnstallation of photovoltaics systems Publication of ESG report in the financial report Creation of ESG Committee
Slide 13: Mid-term objectives Progress against strategy YTD
INVESTOR PRESENTATION | FY 2021 Mid-term objectives Progress against strategy YTD 13 The Management estimates that in the year 2022, total sales can Sales Growth achieve a high single digit growth. Operating profit margins are expected to decline due to inflationary pressures on input costs. The mag
Slide 14: Share information
INVESTOR PRESENTATION | FY 2021 Share information 14 Share information Shareholders’ structure Contact information Market: Main market Tsinavos Family : 72,6% KRI KRI S.A. MILK INDUSTRY 3rd km Serres-Drama Sector: Food & Beverage Legal Entities : 20,8% Serres PC 62125 Individuals : 6,6% Greece Ticke