Lotus Bakeries Nv · EURONEXT:LOTB
Lotus Bakeries Nv — H1 2025 Earnings Presentation
29 slides from Lotus Bakeries Nv's earnings presentation, Aug 8, 2025
Slide 1: Announcement Half-Year 2025 Results
LOTUS BAKERIES ANNOUNCEMENT HALF-YEAR 2025 RESULTS August 8, 2025
Slide 2: Lotus Bakeries reports solid growth of almost 10%
LOTUS BAKERIES REPORTS SOLID GROWTH OF ALMOST 10% DRIVEN BY ITS STRATEGIC PILLARS LOTUS BISCOFF AND LOTUS NATURAL FOODS LOTUS° BISCOFF® LOTUS™ NATURAL FOODS LOTUS* LOCAL HEROES SHARE OF y 9 y REVENUE* 97 % 25 % 1 8 % HY1 2025 0 0 = GROWTH 1 1 h 1 6 % STRATEGIC Build Lotus Biscoff to a top 3 global B
Slide 3: Executing the Lotus Biscoff growth model
EXECUTING THE LOTUS BISCOFF GROWTH MODEL
Slide 4: An increasingly global demand for Lotus Biscoff
AN INCREASINGLY GLOBAL DEMAND FOR LOTUS BISCOFF of F CORK AMERICAS NX 2.4 BN TOTAL NUMBER OF BISCOFF COOKIES 11,906,584,214 my ASIA-PACIFIC | 1.9 BN
Slide 5: Globally balanced manufacturing footprint for cookies
GLOBALLY BALANCED MANUFACT FOOTPRINT FOR COOKIES MEBANE ALL THREE BISCOFF SITES HAVE LAND TO EXPAND AND SUPPORT THE GEOGRAPHICAL GROWTH AMBITIONS CS THAILAND AHEAD OF SCHEDULE
Slide 6: 6
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Slide 7: Preparing for a globally balanced manufacturing footprint for spread
PREPARING FOR A GLOBALLY BALAN MANUFACTURIN' FOOTPRINT FOR SPREAD MEBANE ) o * CHONBURI D RATIONALE 7 PRODUCE HEROES CLOSE TO CONSUMER IMPROVE COST AVOID TARIFFS LOWER C02 FOOTPRINT
Slide 8: New Jar, same irresistible taste
New Jar Same irresistible taste anv eneee eee oe meal
Slide 9: Preparing for a globally balanced manufacturing footprint for spread: timing
PREPARING FOR A GLOBALLY BALANC MANUFACTURING FOOTPRINT FOR SPREAD TIMING 7 P INTRODUCING THE NEW JAR IN US IN 2025 GLOBAL ROLL-OUT BY END OF 2026
Slide 10: Partnerships for chocolate & ice-cream
PARTNERSHIPS FOR CHOCOLATE & ICE-CREAM Mondeléz International e SNACKING MADE RIGHT FRONERI
Slide 11: Co-branded chocolate innovations with Cadbury, Milka & Côte d'Or
LOTUS BISCOFF’S CO-BRANDED CHOCOLATE INNOVATIONS WITH CADBURY®, MILKA® & COTE D’OR® GENERATE PROMISING FIRST RESULTS TRY ME! I'M NEW @ 5 _ ( Biscoff << ¢ $6BN+ BRAND COVERING ALL SEGMENTS ¢ $3BN BRAND, MAINLY ACROSS ALL OF EUROPE ¢ PREMIUM CHOCOLATE BRAND ¢ #1GLOBAL CHOCOLATE BRAND ¢ #2 SWEET SNACK
Slide 12: Ice-cream partnership with Froneri announced March 2025
ICE-CREAM PARTNERSHIP WITH FRONERI ANNOUNCED MARCH 2025 FRONERI IS A 50/50 JOINT VENTURE BETWEEN NESTLE AND PAI FRONERI (~ ) SO kN de SRE «SWISS FOOD AND BEVERAGE COMPANY FOUNDED IN 1866 ASY SYD + STOOBN SALES IN 2024 Nestle - rropucts soup in 185 countries PAI + FRENCH PRIVATE EQUITY FIRM FOUNDED I
Slide 13: Froneri is a world leading pure play ice-cream company
FRONERI IS A WORLD LEADING PURE PLAY ICE-CREAM COMPANY | PRESENT IN LARGE CONSUMER MARKETS | | STRATEGIC PARTNERSHIPS SNACKING MADE RIGHT ose tlhe Ctbary © <a © ake 13
Slide 14: Ice-cream is an enabler to expand Biscoff taste
ICE-CREAM IS AN ENABLER TO EXPAND BISCOFF TASTE AND REINFORCE OUR BRAND HALO BISCOFF AND ICE-CREAM ARE A MATCH AMBITION TO SCALE AND GLOBALISE CONDITIONS TO EXPAND BISCOFF ICE-CREAM: ¢ COMMERCIAL TEAMS FOCUSED ON ICE-CREAM ¢ BRING INNOVATION * OWN THE SPECIFIC AND COMPLEX SUPPLY CHAIN ¢ DEDICATED PR
Slide 15: Gradual roll-out of Biscoff ice-cream in coming years
THERE WILL BE A GRADUAL ROLL-OUT OF BISCOFF ICE-CREAM IN THE COMING YEARS France Germany Belgium Netherlands Greece Israel New Zealand > = «6 + © % eS Slovakia Austria GCC Switzerland Cyprus Czech Republic Poland Australia
Slide 16: Becoming a leader in the better-for-you snacking segment with Lotus Natural Foods
BECOMING A LEADER IN THE BETTER-FOR-YOU SNACKING SEGMENT WITH LOTUS NATURAL FOODS
Slide 17: Lotus Natural Foods reports significant sales growth of more than 16%
LOTUS NATURAL FOODS REPORTS SIGNIFICANT SALES GROWTH OF MORE THAN 16% nakd. . ndkd. se “<n RAW BARS @= mscfRUICIB g _* eatnakD.com KIDDYLICIOUS Sioa Tiny Tummy ox) trex TREK oe anes PROTEN GAEL TAKE TIME PETER'S YARD
Slide 18: TREK is the fastest growing brand in its category in the UK
‘S Source: TREK IS THE FASTEST GROWING BRAND IN ITS CATEGORY IN THE UK 18
Slide 19: Nature is power
A simple platform where we use the power of nature everyday energy needs
Slide 20: Slide 20
Slide 21: Financials
FINANCIALS HALF-YEAR 2025 RESULTS
Slide 22: Revenue by segment
REVENUE BY SEGMENT OUTSTANDING US GROWTH DRIVEN BY BOTH BISCOFF AND BEAR Revenue* share by segment Revenue* growth in % by segment Rest of the World Content qq — 3 Europ ‘urope Americas oy Continental Uk Gop 6 49% Europe cic Te if UK VD — 12 * Revenue from external customers as per segment informati
Slide 23: Statement of profit or loss
STATEMENT OF PROFIT OR LOSS EBITDA(u) OUTPACING REVENUE GROWTH WITH INCREASE OF 12% In€m HY12025 %Revenue HY12024 %Revenue % Evolution REVENUE 657.3 599.3 9.7% RAW MATERIAL, PACKAGING AND CO-MANUFACTURING -222.8 -201.9 SERVICES AND OTHER GOODS -173.2 -158.7 EMPLOYEE BENEFIT EXPENSE 128.2 -117.0 DEPR
Slide 24: Execution of announced investment programme
EXECUTION OF ANNOUNCED INVESTMENT PROGRAMME CAPITAL EXPENDITURES OF EUR 230 MILLION IN THE LAST 24 MONTHS CAPEX ]—® Maintenance 119 89 16 “ | | LTMHY1 LTMHY1 LTMHY1 2023 2024 2025 24
Slide 25: Investments of at least EUR 150 million for 2025 and 2026 combined
INVESTMENTS OF AT LEAST EUR 250 MILLION 120 FOR 2025 AND 2026 1 105 COMBINED = a I i 59 i = 0 THE BISCOFF CAPEX PROGRAMME @&= ENTAILS FUTURE CAPACITY = EXPANSIONS ON THE THREE mm «=CCONTINENTS © Maintenance 19 20 20 = Expansion 15 In€m | | 2022 2023 2024 “nee see 25
Slide 26: Strong cashflow generation
STRONG CASHFLOW GENERATION SUPPORTING CAPEX INVESTMENTS OF EUR 230 MILLION IN THE LAST 24 MONTHS In€m HY 1 2025* HY 1 2024* EBITDA(u) - UNDERLYING OPERATING CASH FLOW 256.7 2276 CHANGE IN WORKING CAPITAL +8.1 -25 MAINTENANCE CAPEX 16.7 18.0 FREE CASH FLOW 248.0 207.0 CCASH CONVERSION 97% 91% D) EXPA
Slide 27: Year-on-year net financial debt reduction
YEAR-ON-YEAR NET FINANCIAL DEBT” REDUCTION WITH NET FINANCIAL DEBT" AT 0.6 TIMES EBITDA(u) 1.0 NFD / EBITDA(u) 0 71 0 . 6 June 2023 June 2024 June 2025 Total investments in€m 126 136 ' June 2023 June 2024 June 2025 “Excluding IFRS 16 “Last Twelve Months 27
Slide 28: Strong balance sheet components with low leverage
STRONG BALANCE SHEET COMPONENTS WITH LOW LEVERAGE AND CONTROL ON WORKING CAPITAL REQUIREMENTS Key Balance Sheet Components in €m 1,001 Non-Current Assets 993 914 =: Working Capital 27 45 . eee 766 I SS SS SS 594 731 im Net Financial Debt" 130 mM em HY 12025 em FY 2024 =m HY 12024 0 100 200 300 400 5
Slide 29: Thank you
THANKYOU