Bell Food Group Ltd. · SIX:BELL
Bell Food — H1 2024 Earnings Presentation
27 slides from Bell Food's earnings presentation, Aug 13, 2024
Slide 1: Bell Food Group with pleasing organic growth
1. Halbjahr 2024 Bell Food Group with pleasing organic growth Finanzanalystenpräsentation 13.08.2024 | Bell Food Group 1st half-year 2024
Slide 2: Disclaimer
Bell Food Group Disclaimer This document does not constitute an offer to sell nor a solicitation to buy securities. It does not constitute an offer, a public offer or a prospectus as defined in Art. 3 and 35 et seq. of the Federal Act on Financial Services (FinSA) or a listing prospectus as defined
Slide 3: Overview 1st half-year 2024
Overview 1st half-year 2024 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 3
Slide 4: Encouraging organic growth of 5 per cent
Encouraging organic growth of 5 per cent Overview 1st half-year 2024 Net proceeds EBITDA EBIT Net profit in CHF million in CHF million in CHF million in CHF million 2'316 152 64 45 +5.1 % Organic growth Net sales +4.0 % +2.4 % +0.3 % -2.6 % 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 4
Slide 5: Significant influences on the 1st half of 2024
Significant influences on the 1st half of 2024 Overview 1st half-year 2024 All divisions gain market share and increase net sales, despite trend towards lower-priced products Strong operating performance and efficient cost management Competitiveness strengthened through targeted product range manage
Slide 6: Growth in all product groups
Growth in all product groups Overview 1st half of 2024 Breakdown of net revenue by product group in % 42 % 29 % 29 % Meat & charcuterie Poultry & Seafood Convenience Previous year Previous Previous year 41 % 13.08.2024 | Bell Food Group 1st half-year 2024 year 30 % 29 % Seite 6
Slide 7: Detail net proceeds
Detail net proceeds Overview 1st half-year 2024 Share of vegetarian products Share of sales channels in net sales of net sales in % in % 23% Food Service / 29% Industry Previous year Previous year 30% 21% Retail 71% Previous year 70% 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 7
Slide 8: Successes in all business areas
Successes in all business areas Overview 1st half of 2024 Net proceeds Organic change Growth driver in CHF million in % Bell Switzerland 1'119 +4.0 % Swiss poultry, seafood and fresh meat are the drivers behind the pleasing result Bell International 250 +11.7 % Sliced charcuterie capacities increase
Slide 9: Innovations and market performance
Innovations and market performance 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 9
Slide 10: Strong growth in poultry
Strong growth in poultry Innovations and market performance Poultry – Continued rise in demand for poultry products at home and abroad – Due to its relevance for the entire Bell Food Group and its growth prospects, Hubers/Sütag is now an independent division – Pioneer in sustainable organic poultry
Slide 11: Good market position for cured ham
Good market position for cured ham Innovations and market performance Raw ham – Market share gains in Spain and Germany despite market consolidation – Abraham brand is top brand 2024 in Germany – Increased capacity due to additional slicing lines in Spain in the growth segment of sliced charcuterie
Slide 12: Market share gains for veggies
Market share gains for veggies Innovations and market performance Vegi – Stable market for vegetarian and vegan product ranges – The Green Mountain with renewed growth and further market share gains – Strong growth in tofu sales in Switzerland 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 12
Slide 13: Launch of new products in the trendy fruit range
Launch of new products in the trendy fruit range Innovations and market performance Fruits – Newly launched range in the fresh-cut fruit segment – Expansion of the customer base 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 13
Slide 14: Notes on the first half of 2024
Notes on the first half of 2024 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 14
Slide 15: Income statement (1/2)
Income statement (1/2) Notes on the first half of 2024 in CHF million HY2024 HY2023 +/- % Net proceeds Organic growth in net sales 2‘316 2‘227 +89 +4.0 % All business divisions were able to increase net sales organically Currency influence -16 Inorganic -8 Organic +113 +5.1 % Increase in gross profi
Slide 16: Income statement (2/2)
Income statement (2/2) Notes on the first half of 2024 in CHF million HY2024 HY2023 +/- % EBIT EBIT at previous year's level in % of the 64 64 +0 +0.3 % Expected higher depreciation and amortisation leads to EBIT at previous net revenue 2.8 % 2.9 % year's level Financial result -6 -4 Lower financial
Slide 17: Balance sheet key figures
Balance sheet key figures Notes on the first half of 2024 Equity ratio Investments 49.0% CHF 141 million Previous year: 48.9 % Previous year: CHF 134 million – Refinancing of a bond for – Progress with the Swiss investment CHF 200 million in February 2024 programme on schedule – Very solid balance s
Slide 18: Investment programme 2021 - 2025
Investment programme 2021 - 2025 Notes on the first half of 2024 in CHF million Modernisation Plan 680 Oensingen (CH) Is 389 73 462 Expansion Plan 130 Schaan (LI) Is 52 11 63 Before 2024 2024 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 18
Slide 19: Strategy 2021 - 2025 Leading in Food
Strategy 2021 - 2025 Leading in Food 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 19
Slide 20: The strategic thrusts at a glance
The strategic thrusts at a glance Strategy 2021 - 2025 Our core business strengthen With convenience and vegetarian products grow Investing in efficiency and performance 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 20
Slide 21: Organisation strengthened
Organisation strengthened Strategy 2021 - 2025 Marco Tschanz CEO Marco Tschanz Martin Schygulla Mike Häfeli Martin Henck Thomas Bodenmann Xavier Buro Bell Switzerland Bell International Iceberg Hilcona Hügli Finances/Services and Hubers/Sütag 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 21
Slide 22: Securing profitability of core business in Switzerland
Securing profitability of core business in Switzerland Strategy 2021 - 2025 Oensingen construction project – Bell Switzerland's investment programme in Oensingen progressing according to plan – Shell construction phases for slicer centre, logistics centre and cattle slaughterhouse completed – Interi
Slide 23: Expansion and modernisation of convenience business
Expansion and modernisation of convenience business Strategy 2021 - 2025 Hilcona plant development – New outgoing goods building and new automated high-bay warehouse by 2025 in Schaan (LI) – Assembly of the steel shelving started during construction of the high-bay warehouse – Smooth progress of the
Slide 24: Efficient and high-performance production
Efficient and high-performance production Strategy 2021 - 2025 Steinach expansion – New production hall for bottling table and salad sauces put into operation – Greater efficiency and productivity in the trend ranges of liquid sauces thanks to new infrastructure – Full load from the end of summer 20
Slide 25: Outlook
Outlook 13.08.2024 | Bell Food Group 1st half-year 2024 Seite 25
Slide 26: Ideally positioned for the second half of 2024
Ideally positioned for the second half of 2024 Outlook Quick and agile response to rapidly changing market conditions possible due to broad product mix Inflation, consumer sentiment and intense competition remain key influencing factors Expected start-up costs and depreciation and amortisation due t
Slide 27: Important data
Important data Agenda 2025 13 February 8 April 22 May 12 August Results for the General Meeting Capital Results 2024 financial year 2025 Market Day 1st half-year 2025 2025 Analyst presentation, Basel Oensingen Analyst presentation, Basel Basel 17.03.2022 | Bell Food Group 1st half-year 2024 27