ARYZTA AG - ZKB Swiss Equity Conference

November 2023

Forward Looking Statement

This document contains forward looking statements which reflect the Board of Directors' current views and estimates. The forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures, the effects of a pandemic or epidemic or a natural disaster, or war and regulatory developments.

You are cautioned not to place undue reliance on any forward-looking statements. These forward-looking statements are made as of the date of this document. The Company expressly disclaims any obligation or undertaking to publicly update or revise any forward-looking statements other than as required by applicable law.

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About ARYZTA

History

ARYZTA's Journey: a look at our Key Milestones

Acquires remaining 50% of JV

Origin Divestment

Strategic review of JVs

Sale of majority Picard stake

Sale of remaining Picard stake

Completion of sale North Am. Business and

LATAM

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Completed Exit of Origin

Acquires 49% of Picard

Disposal of 50% Signature JV

Disposal of La Rousse

Sale of Cloverhill

€740M Capital Raise

EGM Called

New Board Appointed

Disposal of N. Am. Business

Brazil disposal completion

Malaysian bakery asset deal

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Turn-around - our most recent milestone

Almost 200% share price appreciation since EGM

1.8 ARYN, in CHF1.)

1.6

1.4

1.2

1

0.8

0.6

0.4

0.2

0

15/09/2020

21/04/2021

19/11/2021

27/06/2022

26/01/2023

Basics of Success:

  • People - hire "storm proven warhorses"
  • Balance sheet improvements
  • Costs, Profit & Loss
  • Market Performance Excellence

1.) Source: closing prices on SIX

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ARYZTA - our business

ARYZTA's Global Footprint

Countries

27

Factories/Bakeries

26

Revenue FY23

€2'123 m

EBITDA FY23

12.8%

Employees

8019

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ARYZTA - our business

Core focus: bake-off in the premium segment

Bake-off - premium segment (core focus)

Packaged

Fresh

Small artisan bakeries

7

Total bakery

market shares

2021 by segment

25%

31%

17%

27%

Industrially manufactured bakery products

Small-scale, independent scratch bakeries

"Our ambition is to become the best partner for bake-offsolutions across all our channels and markets"

"Our value proposition is to deliver the gold standard for bake-off"

Strategy and Value Drivers

Strategy and Value Drivers

Focus on 4 key drivers to achieve the gold standard in bake-off

Strategic partner

Category captain

Excellence in

Customer development

Strong customer focus and dedication to customer needs

Excellence in

Quality & efficiency

Continuous improvement

in quality & efficiency across the entire value chain

Proposition

Gold standard for bake-off

Excellence in

Innovation / category know-how

Following consumer trends and needs

Excellence in

Channel solutions

Following channel trends and needs Food Service, Retail, QSR

"ARYZTA aims to become the preferred B2B partner for our customers for gold standard bake-off solutions"

Sustainable performance pillars

Environmental efficiency - Our people and communities - Inspiring innovation

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Strategy and Value Drivers

Strategic focus

Deliver Organic growth through:

  • Fully capturing market momentum
  • Accelerate Innovation Platforms

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Improve Profit Margin through:

  • Operational efficiency
  • Simplex
  • Procurement leverage
  • E2E Optimization

Deleveraging Balance Sheet &

driving capital efficiency:

  • Accelerate Cash Flow
  • Prudent CAPEX deployment
  • Disciplined Working Capital management

Attachments

Disclaimer

Aryzta AG published this content on 01 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2023 08:09:45 UTC.