Certain statements in this presentation regarding the business of Barry Callebaut are of a forward-looking nature and are therefore based on management's current assumptions about future developments. Such forward-looking statements are intended to be identified by words such as 'believe,' 'estimate,' 'intend,' 'may,' 'will,' 'expect,' and 'project' and similar expressions as they relate to the company. Forward-looking statements involve certain risks and uncertainties because they relate to future events.
Actual results may vary materially from those targeted, expected or projected due to several factors. The principal risk factors that may negatively affect Barry Callebaut's future financial results are disclosed in more detail in the Annual Report 2021/22 and include, among others, general economic and political conditions , foreign exchange fluctuations, competitive product and pricing pressures, the effect of a pandemic/epidemic, a cyber event or a natural disaster, as well as changes in tax regimes and regulatory developments. The reader is cautioned to not
unduly rely on these forward-looking statements that are accurate only as of November 1, 2022. Barry Callebaut does not undertake to publish any update or revision of any forward-looking statements.
2 Full-Year Results 2021/22 Media and Analyst Conference
AGENDA
Highlights Full-Year Results 2021/22
Peter Boone, CEO
Financial Review Full-Year Results 2021/22
Ben De Schryver, CFO
Strategy & Outlook
Peter Boone, CEO
Questions & Answers
CEO and CFO
3 Full-Year Results 2021/22 Media and Analyst Conference
HIGHLIGHTS
Full-Year Results 2021/22 Peter Boone, CEO
4 Full-Year Results 2021/22 Media and Analyst Conference
Highlights Full-Year Results 2021/22
Strong results, on track to achieve mid-term guidance
Sales volume up +5.3%,with solid chocolate performance (+5.9%)
Sales revenue of CHF 8.1 billion, up +14.6% in local currencies (+12.3% in CHF)
Operating profit (EBIT) recurring1 of CHF 624.7 million, up +13.5%in local currencies (+10.2% in CHF). EBIT reported of CHF 553.5 million, up +0.1% in local currencies (-2.3% in CHF)
• Net profit recurring1 of CHF 428.5 million, up +14.1%in local currencies (+11.4% in CHF). Net profit reported of CHF 360.9 million, down -4.7% in local currencies (-6.1% in CHF)
Continued good cash generationwith adjusted Free cash flow2 of CHF 358.5 million
On track to achieve mid-term guidance3
Proposed stable dividend of CHF 28.00 per share, 43% payout ratio
Please refer to slide 13 for the detailed recurring results reconciliation.
Free cash flow adjusted for the cash flow impact of cocoa bean inventories regarded by the Group as RMI.
On average for the 3-year period 2020/21 to 2022/23: volume growth 5-7% and EBIT above volume growth in local currencies, barring any major unforeseeable events.
5 Full-Year Results 2021/22 Media and Analyst Conference
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Barry Callebaut AG published this content on 01 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2022 12:29:01 UTC.
Barry Callebaut AG is a Switzerland-based company engaged in the food processing industry. The Company produces cocoa, chocolate and confectionery products for the food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterer. Its manufacturing process involves all stages of the cocoa and chocolate value chain from the sourcing of raw materials to the delivery of the finished products. The Company's global activities are divided into four geographic-based segments: Global Cocoa, Europe, Americas, and Asia Pacific. The Company operates more than 50 chocolate and cocoa factories, and is present in over 30 countries. The Company operates Nyonkopa, a licensed buying company based in Ghana, as a subsidiary.