Strauss : Q2 2023 Earnings Presentation

Strauss Group Financial Results

Q2 2023 Earnings Presentation | August 15th , 2023

Disclaimer

This presentation does not constitute an offering to purchase or sell securities of Strauss Group Ltd. (the "Company") or an offer for the receipt of such offerings. The presentation's sole purpose is to provide information. The Information provided in the presentation concerning the analysis of the Company's activity is only an extract, and in order to receive a complete picture of the Company's activity and the risks it faces, one should review the Company's reports to the Israel Securities Authority and the Tel Aviv Stock Exchange.

The presentation may contain forward-looking statements as defined in the Israeli Securities Law, 5728-1968. All forward-looking statements in this presentation are made based on the Company's current expectations, evaluations and forecasts, and actual results may differ materially from those anticipated, in whole or in part, as a result of different factors including, but not limited to, changes in market conditions and in the competitive and business environment, regulatory changes, currency fluctuations or the occurrence of one or more of the Company's risk factors. In addition, forward-looking forecasts and evaluations are based on information in the Company's possession while preparing the presentation. The Company does not undertake any obligation to update forward-looking forecasts and evaluations made herein to reflect events and/or circumstances that may occur after this presentation was prepared.

GAAP to Non-GAAP

Reconciliations

In addition to reporting financial results in accordance with generally accepted accounting principles (GAAP), the Company provides non-GAAP operating results which include the results of jointly controlled entities as if they were proportionately consolidated. Strauss Group has a number of jointly controlled companies: the Três Corações joint venture (3C) - Brazil (a company jointly held by Strauss Group (50%) and by the São Miguel Group (50%) in Brazil), Sabra Dipping Company (a 50%/50% JV with PepsiCo in the U.S. and Canada), Strauss Frito-Lay Ltd. (a 50%/50% JV with PepsiCo Frito-Lay in Israel) and PepsiCo Strauss Fresh Dips & Spreads International (a 50%/50% JV with PepsiCo outside the U.S. and Canada).

In addition, non-GAAP figures exclude any share-based payments, mark to market of commodity hedging transactions as at end-of-period, other expenses or income and taxes referring to these adjustments.

Company Management believes that these measures provide investors with transparency by helping to illustrate the underlying financial and business trends relating to the Company's results of operations and financial position and comparability between current and prior periods. Management uses these measures to establish and monitor budgets and operational goals and to evaluate the performance of the Company. Please see the GAAP to non-GAAP reconciliation tables in the Company's MD&A Report for a full reconciliation of the Company's GAAP to non-GAAP results.

2

Shai Babad

Group CEO

H1 SUMMARY

WE ARE A LEADING FOOD AND BEVERAGE COMPANY

NIS 5,179M	NIS 219M	c18,000	11.9%
H1 Sales	H1 Net Profit	Employees	Market Share
			Strauss Israel (1)

Platinum+	c20	cNIS 10B	9
Maala Index Ranking	Countries	Market Cap	TOP 100 brands
in Israel (Globes)

(1) Source: storenext

H1 SUMMARY

A WELL-BALANCED PORTFOLIO ACROSS OUR BUSINESS UNITS WITH HIGH PERFORMING LOVEABLE BRANDS

(sales, growth)

Strauss Israel

Strauss Coffee

Strauss Water

Sabra & Obela

NIS 2,020m	NIS 2,506m	NIS 392m	NIS 260m
(+15.6%)	(+12.6%)	(+2.5%)	(+35%)