Slide 1: Earnings Presentation | Q2 2025
Earnings Presentation | Q2 2025 Date: 14 Aug 2025 1
Slide 2: Disclaimer
DISCLAIMER This presentation might contain forward-looking statements which may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections
Slide 3: Savola Group's Continued Operations Net Income Analysis
Savola Group’s Continued Operations(1) Net Income Analysis Continued Operations (1) Net Income Q2 2025 vs Q2 2024 (SAR mn) Continued Operations (1) Net Income H1 2025 vs H1 2024 (SAR mn) Details Q2 2025 Q2 2024 Variance Details H1 2025 H1 2024 Variance Reported Net Income 105.7 135.4 (29.7) Reported
Slide 4: Savola Group – H1 2025 Performance Highlights
Savola Group – H1 2025 Performance Highlights ▪ Reported Revenues of SAR 13.7 bn for H1 2025 compared to SR 12.3 bn during H1 2024. The increase is driven by growth in Panda, Savola Foods and Continued resilient Al Kabeer. performance on the back of a stronger foundation ▪ The Group’s Continued Oper
Slide 5: Savola Group – Financial Highlights
Savola Group – Financial Highlights Margin SAR in millions Q1-25 Q2-25 YTD-25 Q1-24 Q2-24 YTD-24 +11.3% +6.3% +18.2% 12,277 13,659 Revenue 7,147 7,597 6,062 5,130 Inc. USCE Impact 7,700 7,597 5,404 6,062 13,104 13,659 +0.6% -4.9% +7.8% 2,632 2,647 Gross Profit 1,499 1,426 1,133 1,221 21.0% 18.8% 22.
Slide 6: Savola Group – Financial Highlights
Savola Group – Financial Highlights Margin SAR in millions Q1-25 Q2-25 YTD-25 Q1-24 Q2-24 YTD-24 -28.0% -31.2% -23.2% 1,668 EBITDA 1,006 1,201 693 662 508 14.1% 9.1% 12.9% 8.4% 13.6% 8.8% 809 693 473 508 1,282 1,201 Inc. USCE Impact 10.5% 9.1% 8.8% 8.4% 9.8% 8.8% +76.8% +9.6% Net Income 187 NM 290 1
Slide 7: Savola Group – H1 2025 Revenue Bridge By Business
Savola Group – H1 2025 Revenue Bridge By Business SAR in millions 11.3% 13,659 335 18 (37) 73 12,277 993 Includes the positive impact of SAR 739 mn due to USCE consolidation in H1 2025 H1 2024 Others / H1 2025 Elimination Managed Portfolio Note: numbers are rounded 7
Slide 8: Savola Group – H1 2025 Net Income Bridge Analysis
Savola Group – H1 2025 Net Income Bridge Analysis 294.9 (51.5) 89.6 243.4 22.7 9.4 (3.5) 5.6 164.1 7.0 H1 2024 Herfy Others / Elim. H1 2025 One-Offs1 Adjusted Net Continued Reported Income H1 2025 Operations Managed Portfolio Note 1: One off Adjustments during H1 2025 period includes a) Reversal of
Slide 9: Savola Group – Revenue Mix
Savola Group – Revenue Mix Revenue by Business1 Revenue by Geography YTD-24 YTD-25 YTD-24 YTD-25 3% 3% 7% 9% 5% 4% 17% 20% 48% 51% 44% 42% 76% 71% Savola Foods Panda Al Kabeer Herfy Arabia Egypt Others Growth % +16.4%2 +6.1% +4.5% -6.3% +3.9% +32.0%2 +41.7% Note 1) Revenue by business % is based on
Slide 10: Savola Group – Net Debt & Capex
Savola Group – Net Debt & Capex SAR in millions Loans and Net Debt1 Financial Charges 6,939 Net Financing Costs on Net Debt Net Debt 9374 Turkey USCE 8,640 309 Net Financing Cost - Other Entities ST Loans LT Loans 60 3,596 0 131 2,493 249 5,044 83 2,310 10 183 38 Jun-24 Jun-25 Jun-24 Jun-25 CAPEX Ot
Slide 11: Financials Summary – H1 2025
Financials Summary – H1 2025 (All figures are in SAR mn) 1 Segment Wise Financials YTD June 2025 YTD June 2024 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Savola Foods Oil 2 Arabia 1,763 277 128 100 154 1,456 293 151 122 178 Other Markets3 2,324 306 183 29
Slide 12: Savola Foods
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Slide 13: Savola Foods – H1 2025 Business Highlights
Savola Foods – H1 2025 Business Highlights 1. 1 Savola Foods Edible oil business delivered a resilient H1 2025 performance, supported by growth in volumes and momentum in both B2B and B2C segments primarily in Arabia and Egypt 2. 2 Savola Foods enhanced its market share in Arabia oil segment, led by
Slide 14: Savola Foods – Financial Highlights
Savola Foods – Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 YTD-24 YTD-25 +16.4% +7.6% +29.7% 7,032 6,039 Revenue 3,617 3,891 2,422 3,141 Inc. USCE Impact 4,169 3,891 2,696 3,141 6,866 7,032 -10.4% -17.8% +3.3% 1,058 949 Gross Profit 685 563 374 386 18.9% 14.5% 15.4% 12.3% 17.
Slide 15: Savola Foods – Financial Highlights
Savola Foods – Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 YTD-24 YTD-25 -16.9% -23.9% -0.6% 699 EBITDA 488 581 371 211 210 13.5% 9.5% 8.7% 6.7% 11.6% 8.3% 527 371 233 210 760 581 Inc. USCE Impact 12.6% 9.5% 8.6% 6.7% 11.1% 8.3% +3.5% -7.8% +56.2% 200 207 Net Income 165 152 3
Slide 16: Savola Foods – Oil Segment Analysis
Savola Foods – Oil Segment Analysis Margin SAR in millions Volume (MT ‘000) Revenue Gross Profit EBITDA Net Income 19.6% 14.3% 13.2% 8.8% 3.6% 3.2% +13.9% 4,072 3,575 1,763 +21.1% 1,455 -17.1% 702 +9.6% 582 -24.2% 645 707 293 473 +1.3% 290 +10.6% 277 -5.5% 358 262 2,309 178 127 129 2,120 +8.9% 154 -
Slide 17: Savola Foods – Sugar Segment Analysis
Savola Foods – Sugar Segment Analysis SAR in millions Margin Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income 8.8% 8.8% 8.8% 7.0% 2.0% 2.4% -14.2% 2,689 2,306 -2% 1,614 986 968 1,311 -18.7% -31.3% 236 579 544 -6% -14.5% 237 104 162 203 +3% 1,076 995 -7.5% 112 76 -26.6% 53 55 102 -8.5% 407 42
Slide 18: Savola Foods – Pasta Segment Analysis
Savola Foods – Pasta Segment Analysis SAR in mn Margin Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income 16.5% 23.1% 10.4% 14.3% 6.5% 8.3% -3.6% 287 277 16.6% 134 115 35.1% 64 47 32.8% 40 30 23.0% 19 23 YTD-24 YTD-25 YTD-24 YTD-25 YTD-24 YTD-25 YTD-24 YTD-25 YTD-24 YTD-25 Gross Profit / Ton (
Slide 19: Savola Foods – Nuts, Spices And Pulses Segment Analysis
Savola Foods – Nuts, Spices And Pulses Segment Analysis SAR in millions Margin Revenues Gross Profit EBITDA Net Income 33.5% 28.4% 15.4% 11.4% 10.4% 6.2% 16.6% 286 245 -1.2% 82 81 -13.4% UAE 38 33 -30.2% 25 18 27.6% 23.0% NM NM NM NM 38.2% 76 55 14.9% KSA 15 17 -15 -12 NM -20 -17 NM YTD-24 YTD-25 YT
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Slide 21: Panda – H1 2025 Business Highlights
Panda – H1 2025 Business Highlights 11. Panda recorded strong growth in H1, despite an increasingly competitive environment. This performance was underpinned by: i. Successful rollout of new stores; ii. Continued execution of CXR program iii. Continued LFL growth by more than 2% during H1 2025 perio
Slide 22: Panda – Financial Highlights
Panda – Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 YTD-24 YTD-25 +6.1% +3.6% +9.5% 5,517 5,852 Revenue 3,218 3,335 2,299 2,517 +7.9% +6.5% +9.3% 1,310 1,413 Gross Profit 671 715 638 698 20.9% 21.4% 27.8% 27.7% 23.7% 24.1% Note: numbers are rounded 22
Slide 23: Panda – Financial Highlights
Panda – Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 YTD-24 YTD-25 +11.4% +11.5% +11.5% EBITDA 231 257 219 244 450 501 7.2% 7.7% 9.5% 9.7% 8.2% 8.6% 24.0% 18.1% 56.3% Net Income 49 39 39 33 9 6 1.0% 1.2% 0.3% 0.4% 0.7% 0.8% Note: numbers are rounded 23
Slide 24: Panda – Number Of Stores
Panda – Number Of Stores Super Hyper 147 6 0 153 62 1 -2 61 Dec Additions Closures June Dec Additions Closures June 2024 2025 2024 2025 Total Dec-24 June-25 Net Selling Area Net Selling Area ▪ Total store count: 541.7K m2 549.5K m2 208 stores in KSA and 6 in Egypt 209 7 -2 214 ▪ 7 stores were opened
Slide 25: Al Kabeer
Gus Al Kabeer JgbLa SAVOLA 25
Slide 26: Al Kabeer – H1 2025 Business Highlights
Al Kabeer– H1 2025 Business Highlights 11. Poultry performance continued to be under pressure in both premium and non premium product ranges amid intensified competition, resulting in increased trade discounts and promotions and thereby impacting margins o The company continues to work on diversifyi
Slide 27: Al Kabeer – Financial Highlights
Al Kabeer – Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 YTD-24 YTD-25 +4.5% +1.9% +8.0% 399 417 Revenue 230 235 169 183 +7.3% +9.5% +4.4% Gross Profit 135 145 78 85 57 60 33.8% 36.3% 34.0% 32.9% 33.9% 34.8% Note: numbers are rounded 27
Slide 28: Al Kabeer – Financial Highlights
Al Kabeer – Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 YTD-24 YTD-25 +2.0% +13.2% -17.6% 47 48 EBITDA 30 34 17 14 13.0% 14.5% 10.1% 7.7% 11.8% 11.5% -10.5% +8.9% -55.0% 33 30 Net Income 23 25 10 4 10.2% 10.9% 5.9% 2.4% 8.4% 7.2% Note: numbers are rounded 28
Slide 29: vole
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Slide 30: Thank you
Jgola SAVOLA Thank you www.savola.com 30