Lindt : 2024 Annual Results Presentation

About this update from Chocoladefabriken Lindt & Spruengli Ag

Full-year results 2024 Kilchberg, March 4, 2025 Agenda 01 Highlights 2024 Adalbert Lechner 02 Regional performance Adalbert Lechner 03 Financial Results 2024 Martin Hug 04 Sustainability Martin Hug 05 Growth Agenda & Outlook Adalbert Lechner 06 Q&A Adalbert Lechner & Martin Hug Group sales (CHF) 5.47 bn Organic sales growth +7.8% Financial highlights Lindt & Sprüngli delivers strong performance in Sales, EBIT, and Free Cash Flow EBIT (CHF) 884 m EBIT margin 16.2% (+60bp) Volume/Mix growth +1.5% Free cash flow (CHF) 635 m Free cash flow margin 11.6% (+240bp) Sustainability highlights On track to achieve our 2025 targets 84.2% (+11.9pp) of cocoa products sourced through Farming Program or other responsible sourcing programs Awarded with EcoVadis Silver Medal Top 1% for sustainable procurement within our industry 82.2% (+24.1pp) of the sourced volumes of raw and packaging materials covered by a responsible sourcing program 91.4% (+1.7pp) of our packaging was designed to be recyclable Global Chocolate Market and Trends in 2024 Challenging market environment Global chocolate market Cocoa price inflation Trends impacted by price increases Volume decline − slight value increase Cocoa price soared to historic highs Ongoing premiumization Private label gaining + Crop yields in West Africa (Ghana + Mindful indulgence & health Premium segment continues to grow and Cote d'Ivoire) impacted by bad consciousness weather and diseases Sustainability awareness In the last four years, supply was below demand 02 Regional performance +5.0% organic growth 39.4% Sales growth across regions +10.0% 13.2% organic growth Group Organic sales growth +7.8% 47.4% +9.5% E U R O P E N O R T H A M E R I C A R E S T O F T H E W O R L D organic growth Europe 2.59 bn Total sales in CHF +9.5% organic growth E U R O P E Excellent development in Europe Organic growth Germany France UK Italy Switzerland +5.6% +12.3% +15.7% +4.6% +6.8% CEE Iberia Austria Nordic Benelux +20.7% +9.4% +8.5% +7.3% +31.5% Strong results in France with Excellence remaining the market leader in tablets. UK achieves double-digit growth for the second year in a row despite high inflation and HFSS regulation. 3 CEE more than doubled sales since 2020, with strong growth momentum and still an underproportioned market share. N O R T H A M E R I C A R E S T O F T H E W O R L D North America

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