Half year results 2023

Media and IR presentation

Agenda

Review

Ralph Siegl

CEO and Delegate of the Board

Half year results: financials

Thomas Freiburghaus

CFO

Outlook

Ralph Siegl

CEO and Delegate of the Board

Questions

Video conferencing and/or chat

Technical issues, interview requests, intro

Marlène Betschart

and outro

Head of Corporate Communications and IR

2

Media and IR presentation, 24 August 2023

Complementary to the traditional Swiss dairy value chain

86.8% Water

4.0% Fat

5.0% Lactose

0.8% Minerals

3.4% Protein

(Casein/Whey: 80/20)

3

Whey

Alternative protein

Selected raw materials Whey protein

Lactose

Fat

Casein protein

"HOCHDORF inside" Value added

Infant nutrition (Whey protein & Lactose)

Specialized nutrition

Functional powder (Whey powder) Alternative proteins

Milk

Butter

Cheese

Yoghurt

Milk powder

Media and IR presentation, 24 August 2023

Half year 2023

Strategy on track

  • Phase 1 "operational recovery" of mid-termtransformation plan is on track
  • Favorable product mix and further clean-up of portfolio delivered first positive results in years
  • Strong results for Infant Nutrition: Strategic focus pays off, contributing to 33% of net sales
  • Processed more milk than planned: important role in Swiss milk market regulation, but low margins
  • High number of product registrations
  • Cash flow stable, financial legacy issues still a burden

4

Media and IR presentation, 24 August 2023

Half year results 2023: Financial overview Best operational result since five years

Net sales:

CHF 154.2m, up 5.8% to prior year

Gross profit:

CHF 52.1m, up 52.9% to prior year

Gross margin:

up from 21.3% in H1 2022 to

30.5% in H1 2023 (H2 2022: 29.9%)

Operating costs:

CHF -45.4m

EBITDA:

CHF +6.7m

EBIT:

CHF +1.6m

Net result:

CHF -0.9m

5

Media and IR presentation, 24 August 2023

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HOCHDORF Holding AG published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 05:20:03 UTC.