Full year results 2022

Media and investor call, 9.00 am, 23 March 2023

Agenda

2022 in brief

Ralph Siegl

CEO and Delegate of the Board

2022 financials

Gerhard Mahrle

CFO a.i.

Strategy execution and outlook

Ralph Siegl

CEO and Delegate of the Board

Questions

Via operator or chat

2

Media and investor call, 23 March 2023

2022 in brief: Strategic transformation

  • Phase 1 "operational recovery" of mid- term transformation plan is on track
  • Clean-up of product and customer portfolio delivered better than expected operational improvements in H2
  • Value proposition as specialist for protein- and milk-powdertechnology enhanced
  • Highly dynamic innovation pipeline
  • Gaining trust through transparency
  • Binding financing commitment received from bank syndicate: 2-yearextension of financing agreement buys time

3

Media and investor call, 23 March 2023

2022 in brief: Financial overview

  • Net sales of CHF 292.1m, down 3.7% YoY (impact of contract manufacturing)
  • Gross profit CHF 75.4m, up 6.9%1 YoY
  • Gross margin up from 22.9%1) in 2021 to 25.3% in 2022 (H2: 29.9%)
  • Operating expenses of CHF 85.5m, reflecting 80.7% increase in energy costs
  • EBITDA of CHF -10.1m for full year 2022, positive (CHF 0.6m) in H2
  • Net result of CHF -15.8m, reflecting tax income of CHF 8.5m and legacy issues
  1. Adjusted for gains from sale of property in the amount of CHF 40.6m

4

Media and investor call, 23 March 2023

Category results

Net sales Baby Care (CHFm)

Net sales Food Solutions (CHFm)

  • No sales with Pharmalys in H1 due to Q4/21 loading and clarification of new payment terms for 2022
  • Strong demand in H2, reflecting improvements in operational cooperation with Pharmalys and positive trends in international focus markets
  • Bimbosan defends position as market leader in Swiss special trade

5

  • Strong demand from chocolate industry for roller-dried powder
  • Partial switch to contract manufacturing with milk provided by the client
  • Procurement of strategic raw materials such as milk and whey secured and diversified

Media and investor call, 23 March 2023

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HOCHDORF Holding AG published this content on 23 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2023 08:22:08 UTC.