Royal Unibrew A/s · OMXCOP:RBREW
Royal Unibrew A/s — Royal Unibrew A S — Q3 2024 Earnings Presentation
13 slides from Royal Unibrew A/s's earnings presentation, Nov 13, 2024
Slide 1: Q3 2024 Interim Results Presentation
ROYAL UNIBREW Q3 2024 Interim Results Presentation By Lars Jensen (CEO) & Lars Vestergaard (CFO)
Slide 2: Disclaimer
ROYAL UNIBREW This interim results presentation contains forward-looking statements, including statements about the Group’s sales, revenue, earnings, spending, margins, cash flows, inventories, products, actions, plans, strategies, objectives and guidance with respect to the Group’s future operating
Slide 3: Q3 2024: Best quarterly EBIT result ever
ROYAL UNIBREW Q3 2024 results presentation 3 Q3 2024: Best quarterly EBIT result ever • Strong organic EBIT growth of 25% ORGANIC VOLUME GROWTH • Increased market shares in most countries • Integrations progressing according to plan, and business 8% results starting to reflect progress ORGANIC NET R
Slide 4: Our overall growth categories
Q3 2024 results presentation 4 ROYAL UNIBREW 4 Our overall growth categories Low / No Sugar Premium Low / No Alcohol Energy Enhanced Waters RTDs, Ciders, Cocktails Growth case examples: Absolute hectolitres volume output Group Italy Group Baltics Netherlands Norway volume index volume index volume i
Slide 5: Q1-Q3 2024: Business segments
ROYAL UNIBREW Q3 2024 results presentation 5 Q1-Q3 2024: Business segments NORTHERN EUROPE WESTERN EUROPE INTERNATIONAL DENMARK, GERMANY, FINLAND, LATVIA, ITALY, THE NETHERLANDS AND FRANCE 70+ MARKETS IN AMERICAS AND EMEAA LITHUANIA, ESTONIA, NORWAY AND SWEDEN 8.3 mhl 2% 3.8 mhl 7% 1.1 mhl 37% VOLUM
Slide 6: Q3 2024 and year-to-date results
ROYAL UNIBREW Q3 2024 results presentation 6 Q3 2024 and year-to-date results Q3 Q3 Change YTD YTD Change 2024 2023 2024 2023 Volumes (mhL) 4.7 3.5 34% 13.2 10.1 31% Net revenue 4,083 3,336 22% 11,462 9.483 21% EBITDA 843 651 29% 2,040 1,627 25% EBIT 675 507 33% 1,541 1,218 27% Organic EBIT growth 2
Slide 7: Q3 2024 developments in Net revenue and EBIT
ROYAL UNIBREW Q3 2024 results presentation 7 Q3 2024 developments in Net revenue and EBIT Revenue bridge (mDKK) EBIT bridge (mDKK) Increase Decrease Total Increase Decrease Total 700 4.400 127 675 4.200 650 278 4.083 4.000 600 469 3.800 550 41 3.600 507 500 3.400 3.336 450 3.200 3.000 400 Q3 2023 M&
Slide 8: Free cash flow DKK 1,032m YTD 2024
ROYAL UNIBREW Q3 2024 results presentation 8 Free cash flow DKK 1,032m YTD 2024 Increase Decrease Total • Reduction in NIBD DKK 5,380m 2500 (End 2023: 6,426m) 847 2000 -167 -223 • NIBD/EBITDA: 2.1x 1.466 1500 -223 (Financial target: NIBD/EBITDA < 2.5x) 1.232 1.032 1000 -434 • Net financial items pos
Slide 9: Outlook for 2024
ROYAL UNIBREW Q3 2024 results presentation 9 Outlook for 2024 • Net revenue of at least DKK 15bn • Organic EBIT growth of 15-19% (previously: 14-19%) equal to total EBIT in the range of DKK 1,965-2,025m (previously: 1,950-2,025m), including acquisitions • M&A expected to contribute with around DKK 8
Slide 10: Management agenda
ROYAL UNIBREW Q3 2024 results presentation 10 Management agenda • Finalize integrations in BeLux, Norway, the Netherlands and prepare for the integration in Finland • Drive efficiency improvements across all operations and deliver on organic EBIT growth target and drive margin expansion • Continue t
Slide 11: Key take-aways
ROYAL UNIBREW Q3 2024 results presentation 11 Key take-aways • Best quarterly EBIT result ever driven by efficiency improvements • Strong financial position supported by free cash flow DKK >1bn • Market share gains in most markets • Strong growth in multiple categories • Continued investments in our
Slide 12: Q&A
ROYAL UNIBREW Q3 2024 results presentation 12 Q&A
Slide 13: Thank you for your attention
ROYAL UNIBREW Thank you for your attention