Kerry Group Plc · EURONEXT:KRZ
Kerry — Q3 2022 Earnings Presentation
15 slides from Kerry's earnings presentation, Oct 27, 2022
Slide 1: Q3 2022 Interim Management Statement
IKERRY Pg Q3 2022 Interim Management Statement
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Group’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends, cash flow, n
Slide 3: Continued Business Growth in a Dynamic Marketplace
Continued Business Growth in a Dynamic Marketplace Strong Volume Growth While Managing Pricing 10.3% 10.6% 8.2% 8.5% 6.8% 7.2% 7.5% 4.6% Q1 Q2 Q3 Q3 YTD Q1 Q2 Q3 Q3 YTD Taste & Nutrition Volume Taste & Nutrition Price Against a Volatile Market Backdrop Inflationary Environment | Supply Chain Challen
Slide 4: Q3 YTD - Group Financial Overview
Q3 YTD - Group Financial Overview Group Volumes EBITDA Margin +6.6% -40bps Net Debt €2.4bn Reported Revenue EBITDA Growth +16.1% +12.6% © Kerry 2022 | 4 |
Slide 5: Group Revenue Analysis
Group Revenue Analysis Q3 YTD Q3 YTD 2021 2022 16.1% Translation Acquisitions Currency Volume Price 6.6% 4.8% Transaction Currency 6.6% 10.6% Disposals 0.2% LFL Volume LFL Price (12.7%) 7.5%¹ 12.1%¹ © Kerry 2022 | 5 | ¹ Like-for-like (LFL) growth excluding the Consumer Foods Meats and Meals business
Slide 6: Business Review – Taste & Nutrition
Business Review – Taste & Nutrition Continued strong growth across our end use markets, regions and channels → Volumes +8.5% with excellent Q3 growth of 8.2% Taste & Nutrition Organic Growth → Pricing +7.5% reflecting increases in input costs 19.0% 17.7% → EBITDA Margin -80bps as the effects of pass
Slide 7: Taste & Nutrition Business Performance by Region
Taste & Nutrition Business Performance by Region Americas Europe APMEA +9.3% +6.2% +9.0% (Q3: 9.6%) (Q3: 4.4%) (Q3: 8.6%) → North America growth led by → Growth led by Snacks, Dairy and → Overall growth led by Meat, Beverage, Meat and Bakery Meals Snacks and Bakery → Strong growth across retail and
Slide 8: Business Review – Dairy Ireland
Business Review – Dairy Ireland Solid growth while managing significant price inflation → Volumes¹ +1.8% with Q3 performance of +1.0% → Pricing¹ +36.6% reflected significant increases in dairy prices and input costs → Dairy Ingredients delivered solid growth while managing the heightened inflationar
Slide 9: Other Matters
Other Matters Input Costs Inflation levels remain elevated through H2 Currency 2022 EPS translation outlook of c. +9% © Kerry 2022 | 9 |
Slide 10: Outlook and Future Prospects
Outlook and Future Prospects → While overall market conditions remain uncertain, Kerry is well positioned to support its customers through this dynamic marketplace → The Group is confident in its ability to manage the current inflationary cycle through its well-established pricing model and cost ini
Slide 11: Appendix
KERRY Appendix
Slide 12: Volume Growth Rates
Volume Growth Rates 2022 Q1 Q2 Q3 Q3 YTD Americas 6.7% 11.4% 9.6% 9.3% Europe 8.5% 5.9% 4.4% 6.2% APMEA 6.2% 12.1% 8.6% 9.0% Taste & Nutrition 6.8% 10.3% 8.2% 8.5% Dairy Ireland¹ 0.7% 3.3% 1.0% 1.8% Group¹ 6.3% 9.0% 7.1% 7.5% Group 5.6% 8.0% 6.2% 6.6% © Kerry 2022 | 12 | ¹ Pro-forma growth excluding
Slide 13: FY 2022 Guidance – Analysis of Estimated Portfolio Impact
FY 2022 Guidance – Analysis of Estimated Portfolio Impact FY 2022 Range Constant Currency Adjusted EPS guidance – excluding estimated impact from acquisitions & disposals +8.5% to 10.5%¹ Estimated contribution from acquisitions c. +5% Estimated dilution from disposal of Consumer Foods Meats and Meal
Slide 14: Revenue Growth Rates – Reported and Like-for-like
Revenue Growth Rates – Reported and Like-for-like Volume LFL Volume LFL Q3 YTD 2022 Price Growth Growth Price Taste & Nutrition 8.5% 8.5% 7.5% 7.5% Dairy Ireland 1.0% 1.8%¹ 20.3% 36.6%¹ Group 6.6% 7.5%¹ 10.6% 12.1%¹ © Kerry 2022 | 14 | ¹ Growth rates excluding the Consumer Foods Meats & Meals busine
Slide 15: KERRY
KERRY