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ORIOR Group Half Year Results 2026 Analyst and Media Briefing | 25 August 2026
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Agenda 2 HALF-YEAR RESULTS 2026 | ORIOR GROUP 01 ORIOR‘s Strategic Direction 2032 Monika Friedli-Walser, Delegate of the Board of Directors 02 H1 Key Figures Sacha D. Gerber, Group CFO 03 ORIOR segments 04 Outlook for FY2026
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Why a New Strategy? A shared compass for all decisions through 2032 . 03
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V I S I O N & F O U N D AT I O N Where we‘re headed . What we‘re built on . ORIOR is shaping the future of culinary excellence by making it easily accessible . With strong brands and Private Label, operational excellence, and innovation that enhance enjoyment and well-being. Refinement Craftsmanship and recipe Expertise that create added value. Convenience Simple, everyday enjoyment. International Growth beyond Switzerland‘s borders. HALF-YEAR RESULTS 2026 | ORIOR GROUP
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H O W W E G E T T H E R E One Summit. Clear Strategic Priorities. HALF-YEAR RESULTS 2026 | ORIOR GROUP
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F O C U S Innovation. Every i nnovation meets at least 3 of the 6 criteria. Recipes that create added value Real customer benefits. Simple, everyday enjoyment Easy to use. Clear market growth Proven market potential. Potential to become a Category Captain Leading shelf position. EBITDA greater than 10% Above-average margin. Low capital tied up in inventory Efficient working capital management. HALF-YEAR RESULTS 2026 | ORIOR GROUP
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F O C U S Growth. Six areas where we aim to a chieve above - average growth. Filled Pasta Beverages Liquid Food Chicken Plant-based Proteins Ready-made Food HALF-YEAR RESULTS 2026 | ORIOR GROUP
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F O C U S Priorities. What guides our everyday decisions. 01 Utilisation before expansion Optimise the use of existing capacity Before making new investments. 02 Convenience as a growth driver Develop products that make our customer‘s everyday lives easier. 03 Focused market development Clearly differentiated brands instead of broad, diluted offerings. 04 Production automation Invest in efficient, modern production. HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Z I E L E 2 0 3 2 How we measure success . > 7.5% E B I T D A- M A R G I N Grow profitably and sustainably. < 3x D E P T Net Debt / EBITDA, strong balance sheet. Organic growth G R O W T H Driven by our own strengths, above market growth. Capital return V A L U E To our shareholders. HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Agenda 11 HALF-YEAR RESULTS 2026 | ORIOR GROUP 01 ORIOR‘s Strategic Direction 2032 Monika Friedli-Walser, Delegate of the Board of Directors 02 H1 Key Figures Sacha D. Gerber, Group CFO 03 ORIOR segments 04 Outlook for FY2026
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Breakdown of the decline in organic sales 12 Factors behind the CHF17.4 million decline in organic sales • CHF −6.3 million in the Swiss business due to the Moesa project • CHF −5.8 million due to the termination of a major order from a Dutch customer • CHF −2.6 million due to the closure of railway station outlets in Germany • CHF −2.4 due to lower selling prices for pork products CHF 304.9 million Organic sales contribution by segment, as well as FX and acquisition / divestment effects (in CHF million) −3.4% −0.3% −2.0% CHF 287.5 million CHF 283.3 million −0.7% −0.7% HY25 Net sales Refinement Convenience International HY26 net sales excluding FX and acquisition / divestment effects FX effect Acquisition- related effect HY26 Net sales International Organic: −6.2% FX-effect: −2.4% Acquisition-related: +2.6% Convenience Organic: −1.2% Refinement Organic: −9.1% Divestment: −2.5% Organic: −5.7% HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Convenience segment 13 Competence centres: • Fredag: encouraging performance in food service and industry; retail sales affected by competitive and cost pressures in the food retail sector • Le Patron: stable Food Service performance, supported in part by positive momentum in children’s catering; retail remains under pressure • Pastinella: customer losses and unsuccessful tenders weighed on retail sales, despite encouraging growth in private-label products • Biotta: export business under pressure due to lost business; temporary raw material shortages weighed on retail sales Net sales Decline of –1.2% to CHF 97.3 million (organic –1.2%) The Convenience segment generated 34.1% of Group sales. HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Refinement segment 14 Competence centres: • Rapelli: growth in retail and food service following the takeover of Albert Spiess’s production operations; low pork prices weighing on performance • Albert Spiess: sales declined as a result of the strategic realignment and optimisation of the production network • Möfag: lower selling prices for pork products and the absence of retail promotions reduced sales; encouraging performance in the industrial business thanks to a new customer Net sales Decline of –11.6% to CHF 110.9 million (organic –9.1%) The Refinement segment generated 35.4% of Group sales. HALF-YEAR RESULTS 2026 | ORIOR GROUP
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International segment 15 Competence centres: • Culinor Food Group: revenue under pressure following the termination of a major order from a Dutch customer; new food service business provided a partial offset • Casualfood: slight decline in sales due to geopolitically driven lower passenger numbers at airports and the closure of railway station outlets • Gesa: another very encouraging increase in volumes; strong overseas business • Spiess Europe: volume-driven decline in sales following the successful implementation of selling price increases to offset higher raw material prices • Strong performance of the Italian premium pasta manufacturer Pastificio Gaetarelli Net sales Decline of –6.0% to CHF 89.3 million (organic –6.2%) The International segment generated 30.5% of Group sales. HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Consolidated income statement | Net sales – EBIT − Gross margin: increase of 181 bps, supported by lower meat procurement prices − Adjusted EBITDA: increase of 13 bps (adjusted for one-off effects), supported by cost efficiencies in personnel, energy and marketing − Reported EBITDA: increase of 131 bps due to cost efficiencies and positive one-off effects totalling CHF 3.3 million (sale of the non-operating property in Churwalden and release of provisions) in CHF million Jan – Jun 2026 Jan – Jun 2025 ∆ in % Net sales 283.3 304.9 –7.1 % Cost of materials/change in inventory –149.9 –166.8 Gross profit 133.4 138.0 –3.4 % as % of net sales 47.1% 45.3% +181 bps Adjusted EBITDA 15.5 16.3 –4.8% as % of net sales 5.5% 5.4% +13 bps Reported EBITDA 18.9 16.3 +15.7 % as % of net sales 6.7% 5.4% +131 bps Depreciation and amortisation -11.2 -12.3 EBIT 7.7 4.1 +88.1 % as % of net sales 2.7% 1.3% +137 bps HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Consolidated income statement | EBIT – Net profit − Financial result: including interest expense, foreign currency effects, and gains/losses from interest rate and currency hedging instruments − Tax result: effective tax expense partly offset by the reversal of deferred income taxes In CHF million Jan – Jun 2026 Jan – Jun 2025 ∆ in % EBIT 7.7 4.1 +88.1 % as % of net sales 2.7 % 1.3 % +137 bps Associated companies +0.0 –0.1 Net financial result –2.9 –3.0 Consolidated net profit before taxes 4.8 1.0 +355.3 % as % of net sales 1.7 % 0.3 % Income taxes –0.1 0.3 Consolidated net profit for the period attributable to shareholders 4.6 1.3 +246.4 % as % of net sales 1.6 % 0.4 % HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Consolidated Cash Flow Statement − Operating cash flow benefited from higher EBITDA and lower tax payments. These positive effects were offset by an increase in net working capital and less favourable reconciliation effects between EBITDA and operating cash flow − Cash flow from investing activities: Affected by higher capital expenditure on property, plant and equipment and the acquisition of the remaining 81% interest in pasta manufacturer Gaetarelli, increasing the existing holding from 19% to 100%, net of cash and cash equivalents acquired − Cash flow from financing activities: Additional financial liabilities were incurred as a result of negative free cash flow and higher interest payments − Positive trend in core cash conversion in CHF million Jan – Jun 2026 Jan – Jun 2025 ∆ in % Reported EBITDA 18.9 16.3 Taxes paid –0.6 –6.0 Other –6.3 –0.7 Cash flow from operating activities before changes in net working capital 12.0 9.5 26.2% Cash flow from operating activities from change to net working capital 0.8 6.4 Cash flow from operating activities 12.8 16.0 –19.5 % Cash flow from investing activities –17.4 –5.2 –232.5% Dividends 0 0 Increase / Repayment of financial liabilities 7.0 –8.5 Interest paid –3.3 –2.1 Cash flow from financing activities 3.7 –10.6 135.3% Net increase/decrease in cash and cash equivalents –0.8 0.2 –584.2% Cash and cash equivalents as at 30.06 8.0 12.8 in CHF million Jan – Jun 2026 Jan – Jun 2025 ∆ in % Cash flow from operating activities before changes in NWC 12.0 9.5 26.2% Adjusted EBITDA 15.5 16.3 -4.8% Core cash conversion 77.5% 58.5% HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Consolidated Balance Sheet − Current assets: reduction due to lower receivables − Tangible fixed assets: Higher capital expenditure on property, plant and equipment and acquisition of a subsidiary − Intangible assets: ordinary amortisation − Liabilities: Lower current liabilities and release of provisions − Equity ratio: Consolidated net profit, changes in the scope of consolidation and currency translation differences − Shadow accounting including goodwill: 29.1% in CHF million 30 June 2026 31 December 2025 Current assets 170.9 54.6 % 178.6 55.8 % Tangible fixed assets 107.6 102.0 Intangible assets 31.1 34.4 Financial assets 3.6 5.1 Total assets 313.2 100.0 % 320.0 100.0 % in CHF million 30 June 2026 31 December 2025 Liabilities 273.4 87.3 % 280.4 87.6 % Equity 39.8 12.7 % 39.7 12.4 % Total liabilities and equity 313.2 100.0 % 320.0 100.0 % Net debt 162.9 152.3 HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Guidance 2026 − Focus on investments in existing production facilities, alongside the divestment of a closed production site in Belgium. − Disruptions in the Swiss retail market, volatile pork prices and prolonged periods of hot weather have led to changes in consumer demand, resulting in a revised outlook. − Stronger collaboration across the Group, with a consistent focus on efficiency, procurement and profitability. The positive development of the gross profit margin is expected to continue supporting earnings despite the decline in revenue during the second half of the year. A seasonally stronger second half is anticipated. 1 At constant exchange rates and after adjusting for acquisitions/divestments and changes in the scope of consolidation 2 2 Excluding expenses related to corporate transactions and one -off expenses Guidance FY 2026 FY 2025 Organic sales growth1 –6.0 % to –8.0 % (previously: –3.0 % bis –6.0 %) –1.5 % Guidance FY 2026 FY 2025 Adjusted EBITDA margin2 6.3% to 6.6% (unchanged) 6.3% Guidance FY 2026 FY 2025 CAPEX CHF 20 to 24 million (unchanged) CHF 18 million HALF-YEAR RESULTS 2026 | ORIOR GROUP
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T hank you .
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Share information Dividend 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Dividend per share in CHF 0.00 0.00 2.51 2.50 2.40 2.33 2.32 2.24 2.17 2.09 2.03 2.00 Dividend increase vs previous year in % 0.0 0.0 0.4 4.1 3.0 0.4 3.6 3.2 3.8 3.0 1.5 1.5 Listing SIX Swiss Exchange Security number 11167736 ISIN code CH011 1677 362 Company calendar 17 March 2027 Publication of financial results and Annual Report 2026 10 May 2027 Annual General Meeting of ORIOR AG Stock information/data 1st half of 2026 1st half of 2025 Share price on 30 June in CHF 14.70 12.84 Year high in CHF 15.30 42.80 Year low in CHF 9.50 12.14 Market cap in CHF million 96 84 Earnings per share (diluted) in CHF 0.71 0.20 Operating cash flow per share in CHF 1.97 2.44 Equity per share in CHF 6.09 4.89 Ticker symbol ORON LEI 50670020I84ZA17K9522 UID CHE-113.034.902 Major shareholders (as at 21 August 2026) LLB Swiss Investment AG 5.02 % Tobias Weber 12.00 % Emil Weber UBS Fund Management (Switzerland) AG (CH) 14.82 % HALF-YEAR RESULTS 2026 | ORIOR GROUP
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Disclaimer This presentation is neither a prospectus within the definition of the Swiss Code of Obligations nor a listing prospectus within the definition of the listing rules of SIX Swiss Exchange AG or a prospectus under any other applicable laws. These materials do not constitute or form part of any offer to sell or issue, or any solicitation or invitation of any offer to purchase or subscribe for, any securities, nor may part, or all, of these materials or their distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities. The presentation may contain forward-looking statements based on the current assumptions and estimates of the management of ORIOR AG. The Executive Committee is of the opinion that the expectations expressed in such statements are based on reasonable assumptions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, financial condition, performance or achievements of ORIOR AG, or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Note on performance measures ORIOR uses alternative performance measures in this presentation which are not defined by Swiss GAAP FER. These alternative performance measures provide useful and relevant information regarding the operating and financial performance of the Group. The document “Alternative Performance Measures Half Year 2026”, which is available on https://orior.ch/en/financial-reports, defines these alternative performance measures. HALF-YEAR RESULTS 2026 | ORIOR GROUP