Slides
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Earnings Presentation 26 AUGUST 2025 STRAUSSGROUP Q2 & H1- 2025
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Disclaimer GAAP to Non-GAAP Reconciliations 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. Financial data is rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. Changes are on a YoY basis, unless indicated otherwise. 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), Strauss Frito-Lay Ltd. (a 50%/50% JV with PepsiCo Frito-Lay in Israel). Until the completion of the sale in December 2024, Sabra Dipping Company (a 50%/50% JV with PepsiCo in the U.S. and Canada), and PepsiCo Strauss Fresh Dips & Spreads International (a 50%/50% JV with PepsiCo outside the U.S. and Canada). For more information on this sale, please refer to the Description of the Company’s Business Report for 2024, section 11.1. In addition, Non-GAAP figures exclude any share-based payments, mark to market of commodity hedging transactions as at end-of-period, certain 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
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Continuing to Nourish a Better Tomorrow SUPPORTING COMMUNITIES DURING THE WAR GLUTEN FREE PRODUCTS IN CONFECTIONERY 3 PUBLISHED OUR 2024 ESG ANNUAL REPORT
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Strong growth across key segments, supported mainly by pricing in Coffee International Improvement in Q 2 gross profit, EBIT & EBIT margin, supporting improvement in H 1 EBIT & EBIT margin Midroog (Moody’s affiliate) upgraded outlook to stable, affirming Aa1.il rating Successful expansion of bonds series F by NIS 465m (net), with over subscription Continued focus on executing our strategy Strauss Group 4 | Q2 & H1-2025 Summary Net income negatively impacted by higher financial expenses mainly due to stronger Shekel and higher taxes due to profit mix and tax benefits in 2024 Productivity journey is on track supporting financial results
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Group Q2 & H1-2025 Performance | NIS m; Non-GAAP 5 1 Proforma sales growth (without the consolidation of divested activities included in 2024 results) reached 17.5 % and 20.2 % in Q 2 & H 1 2025 , respectively 2 TKH – The Kitchen Hub 3 Net income attributable to shareholders of the Company 4 FX – foreign exchange Q2-2025 Q2-2024 % change % change w/o FX impact4 H1-2025 H1-2024 % change % change w/o FX impact4 Net Sales 1 3,073 2,754 11.5% 15.5% 6,063 5,343 13.5% 18.1% Gross profit 868 841 3.2% 5.9% 1,649 1,715 -3.9% -1.0% Gross Margin 28.3% 30.5% 27.2% 32.1% EBIT before TKH 2 255 159 60.4% 62.6% 444 365 21.6% 23.1% EBIT Margin 8.3% 5.8% 7.3% 6.9% EBIT 245 151 60.8% 64.8% 426 355 19.8% 21.7% EBIT Margin 8.0% 5.5% 7.0% 6.7% Net income 3 80 83 -1.8% 0.7% 153 242 -36.7% -35.7% Net Margin 2.6% 3.0% 2.5% 4.5% FCF -89 -119 25.0% 14.7% -584 -397 -46.7% -63.3%
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Commodities Price Development: 2020-2025 1 Source: Bloomberg, Robusta coffee and cocoa are traded in London and Arabica coffee in New York, last price as of 22.08.2025 6 COCOAROBUSTA ARABICA -18% Avg. Q2-25 vs. Q2-24 +65% Avg. Q2-25 vs. Q2-24 +17% Avg. Q2-25 vs. Q2-24 +10% Avg. H1-25 vs. H1-24 +80% Avg. H1-25 vs. H1-24 +39% Avg. H1-25 vs. H1-24 391 0 50 100 150 200 250 300 350 400 450 500 2020 2021 2022 2023 2024 2025 Arabica price, CT$/IB 4,866 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2020 2021 2022 2023 2024 2025 Robusta price, US$/T on 5,332 0 2,000 4,000 6,000 8,000 10,000 12,000 2020 2021 2022 2023 2024 2025 Cocoa price, GBP/Ton +226% +309% +179%
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Strauss Israel ▪ Market share growth and strengthening of competitive position (+1.0 pp) in relevant categories to the Group and (+0.3pp) in total Food & Beverage market1 ▪ Price updates in H1-25 in response to significant raw material inflation ▪ Ongoing implementation of productivity initiatives ▪ Excluding realization of non-recurring loss on cocoa derivatives in Q2-2024 and Q1-20252, Strauss Israel’s EBIT margin remained stable at 10.3% in the quarter and reached 10.9% in the first half of the year vs 11.0% in H1-24 Highlights: 7 1 According to Storenext; pp – percentage points 2 Including loss on cocoa derivatives of NIS 49m in the Q1-2025 and NIS 27m in Q2-2024 ▪ Diversify cocoa sourcing to increase supply chain resilience ▪ Supporting growth with continued innovation ▪ Continuation of productivity implementation Next Steps: 4 Strauss brands out of the top 10 brands in the Food Beverage and T oiletries categories according to the Globes Brand Index 2025 Net sales +8.9% Operating Income Operating margin 8.2% Financial performance (Non-GAAP NIS m) 1,212 1,319 Q2-24 Q2-25 99 135 Q2-24 Q2-25 10.3% +37.1% Q2-24 Q2-25 Q2 Performance by division (Non-GAAP NIS m) %EBIT Vs 2024 14.0% 12.1% 301m 271m 806m 754m 1m -12m 113m 92m EBIT vs 2024 Health & Wellness Fun & Indulgence 212m 187m 21m 19m Coffee Israel 0.5% -4.1% 10.1% 10.1% Sales vs 2024
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Power Brands Driving Consumer Centricity 8 1 Market data according to Storenext, percentages are according to the narrow definition of the category’s market and do not represent the relevant market for market analysis according to Israel’s Competition Law. Storenext figures relevant to H1-25, according to figures updated retrospectively in August 2025. Brand are for illustration purposes. 35.1% market share in relevant categories in Israel to the Group1 +1.0pp
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Strauss Coffee International Highlights: 9 ▪ Strengthening market position in most geographies ▪ Higher sales and EBIT following higher pricing and operational efficiencies ▪ Volume pressure in Q2 across most markets due to competition and pricing ▪ Continued growth of non-R&G1 and non- coffee products in 3C Brazil2 1 R&G- Roast & Ground coffee 2 3C: Três Corações Group of companies is a joint venture in Brazil: the 3C Group is jointly held by the Strauss coffee B.V. (50%) and by the São Miguel Group (50%) (3C) 3 CEE- Central Eastern Europe Next Steps: ▪ 3C Brazil2 – Protect R&G profitability and expand non R&G categories (organic & non organic) ▪ CEE3- improve market share and protect profitability Net sales +27.4% Operating Income Operating margin 5.1% Financial performance (Non-GAAP, NIS m) 1,205 1,536 Q2-24 Q2-25 61 102 Q2-24 Q2-25 6.7% +67.0% Q2 -24 Q2-25
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Três Corações Alimentos S.A. 1,117 222 19.8% +130.8% +21.5% +32.7% Net Sales Gross profit EBIT Q2-2025 Q2-2024 7.9% 88 841 183 21.7% % change 4.5% 38 | GAAP 50%; NIS m KEY IMPACTS: 10 ▪ Higher sales and EBIT, reflecting: ▪ Higher pricing mostly in R&G category ▪ Continued growth of non-R&G products in 3C ▪ Operational efficiencies 1 Três Corações joint venture (Brazil): a company jointly held by the Group (50%) and by the São Miguel Group (50%) (3C). Additionally, Strauss Group has a joint holding with São Miguel Group in Três Corações Imóveis, which has a negligible contribution to Strauss Group’s consolidated Non-GAAP financial results 2 Source: Três Corações Alimentos S.A. Consolidated Interim Financial Statements as of June 30th, 2025 2,131 374 17.5% +129.4% +14.5% +43.0% H1-2025 H1-2024 5.5% 118 1,490 327 21.9% % change 3.5% 51 EBIT Margin Gross Margin
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Strauss Water ▪ Sales growth supported by an increase in the install base, higher Israel & UK sales and improved mix, moderated by impact of the war ▪ Improvement in EBIT, following: ▪ Productivity initiatives ▪ Despite Lower Haier Strauss Water (HSW) equity gains ▪ Haier Strauss Water (HSW) – ▪ Higher sales as the company continued to expand in the market ▪ Initiation of promotions to support market share Highlights: 11 Next Steps: ▪ New products and expansion of the portfolio ▪ Expand market presence in China & UK ▪ 2nd manufacturing facility being built in China ▪ Potential for geographical expansion Net sales +3.9% Operating Income Operating margin 12.0% 25 26 Q2-24 Q2-25 12.1% +4.0% Q2-24 Q2-25 210 218 Q2-24 Q2-25 % EBIT Vs 2024 Sales Vs 2024 Q2 Performance by division (Non-GAAP NIS m) 218M 210M 26m 25m 12.1% 12.0% EBIT Vs 2024 Performance by division (Non-GAAP NIS m)
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236 +2.6%Net Sales Net Income Q2-2025 Q2-2024 230 % change 20 8.7% -21.2%26 11.3% 12 Haier Strauss Water1 Q2 & H1-2025 Snapshot KEY IMPACTS: ▪ Sales increased as the company continued to expand in the market ▪ Lower net income due to higher R&D expenses and initiation of promotions to support market positioning, impacting margins 1 Haier Strauss Water (HSW) is a company jointly held by Haier (51%) and Strauss Group (49%), also includes expenses attributed to the additional manufacturing facility | 100%; NIS m; Non-GAAP 463 +3.8% H1-2025 H1-2024 446 % change 51 11.1% -2.9%53 11.9%Net Margin
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K E Y I N I T I A T I V E S 13 O N T R A C K T O A C H I E V I N G N I S 300 - 400 M I N R U N R A T E S A V I N G S B Y 2026 STRATEGIC PROCUREMENT OPERATIONAL EXCELLENCE REVENUE GROWTH MANAGEMENT & MARKETING ROI CAPABILITY BUILDING AND MINDSET Productivity Journey
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14 FOCUS & MOVING FORWARD
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FIRST PRODUCTION IN THE NEW PLANT- BASED FACTORY All products are currently available on the shelf 15
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16 NEW FACILITY & PRODUCTION LINE AT YOTVATA completion expected by the end of 2025 All products are currently available on the shelf Find out how much this increases capacity? 40%? 50%?
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WATER BAR FOR NEW MARKET SEGMENTS 17
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Our Strategy – Double Down On The Core BRAZIL COFFEE & BEYONDSTRONGER HOME BASE FUTURE READY & RESILIEN T INTERNATIONAL WATER PLAYER 18
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REMINDER OF LONG TERM TARGETS & 2026 OUTLOOK T op-line Growth Playbook Expanding Margins Enhancing Cost Structure Productivity Investing In The Future Focusing on the Core 5% CAGR 2024-2026 10%-12% EBIT margin in 2026 300-400m NIS by 2026 CAPEX to reach 5%- 7% of sales 2024-2026 85% of total sales in 2026 19
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Financial Results 20
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21 Strauss Group & Segment Q2-2025 Sales | NIS m; Non-GAAP ▪ Strauss Israel – higher quantities, improved sales mix and pricing while improving market position ▪ Coffee International – higher pricing while improving market share in most geographies, offset by lower volume ▪ Strauss Water - higher install base & higher Israel and UK sales ▪ Other – Mainly divestment of Sabra & Obela during Q4-2024 ▪ FX – Weakening of currencies against NIS, mainly BRL Q2-2025 Segment Sales (NIS m) 1,319 1,536 218 3,073 43% of Group Sales Q2-2025 Change 50% of Group Sales 7% of Group Sales Strauss Group Q 2 Sales Bridge: 100% of Group Sales 2,754 2,660 3,073 108 419 8 (94) (122) Group Sales Q2-24 Translation Differences Group Sales Q2-24 excl. FX effect Strauss Israel Coffee Int'l Strauss Water Other Group Sales Q2-25 11.5% 3.9% 27.4% 8.9% 15.5% 37.5% Group Sales Water Coffee Int'l Strauss Israel % change w/o FX % change N/A +11.5% N/A
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22 Strauss Group & Segment H1-2025 Sales | NIS m; Non-GAAP ▪ Strauss Israel – higher quantities, improved sales mix and pricing while improving market position ▪ Coffee International – mainly higher pricing while improving market share in most geographies, offset by lower volume ▪ Strauss Water - higher install base and higher Israel and UK sales ▪ Other – Mainly divestment of Sabra & Obela during Q4-2024 ▪ FX – Weakening of currencies against NIS, mainly BRL H1-2025 Segment Sales (NIS m) 2,715 2,924 424 6,063 45% of Group Sales H1-2025 Change 48% of Group Sales 7% of Group Sales Strauss Group H 1 Sales Bridge: 100% of Group Sales 5,343 5,132 6,063 194 965 21 (211) (249) Group Sales H1-24 Translation Differences Group Sales H1-24 excl. FX effect Strauss Israel Coffee Int'l Strauss Water Other Group Sales H1-25 13.5% 5.3% 35.4% 7.7% 18.1% 49.3% Group Sales Water Coffee Int'l Strauss Israel % change w/o FX % change N/A +13.5% N/A
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23 Strauss Group Q2 & H1-2025 Gross Profit1 | NIS m; Non-GAAP Strauss Group Q 2 Gross Profit Bridge: Strauss Group H 1 Gross Profit Bridge: 841 819 868 29 56 7(22) (43) Gross Profit Q2-24 Translation Differences Gross Profit Q2-24 excl. FX effect Strauss Israel Coffee Int'l Strauss Water Other Gross Profit Q2-25 30.5% 28.3% 1 Including loss on cocoa derivatives of NIS 49m in Q1-2025 and NIS 27m in Q2-2024. Excluding these losses, gross profit for Q2-24 would have totaled NIS 868m (31.5% margin), for H1-25 gross profit would have totaled NIS 1,698m (28.0% margin) and in H1-24 NIS 1,742m (32.6% margin). 2 Other includes Sabra & Obela, The Kitchen Hub and HQ expenses 2 +3.2% -3.9% 1,715 1,666 1,649 84 13(49) (19) (95) Gross Profit H1-24 Translation Differences Gross Profit H1-24 excl. FX effect Strauss Israel Coffee Int'l Strauss Water Other Gross Profit H1-25 27.2%32.1% 2
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24 Strauss Group Q2 & H1-2025 EBIT1 | NIS m; Non-GAAP ▪ Strauss Israel – raw material price inflation and realization of non- recurring loss on cocoa derivatives in Q2-24 and Q1-251 offset by productivity measures ▪ Coffee International – Improved profitability and decrease in OPEX following operational efficiencies in 3C & CEE ▪ Strauss Water – productivity measures moderated by lower Haier Strauss Water equity gains ▪ Other – mainly timing difference of HQ expenses KEY IMPACTS:Strauss Group Q 2 EBIT Bridge: Strauss Group H 1 EBIT Bridge: 151 147 245 36 45 1 16 (4) EBIT Q2-24 Translation Differences EBIT Q2-24 excl. FX effect Strauss Israel Coffee Int'l Strauss Water Other EBIT Q2-25 5.5% 8.0% 355 349 426 64 3 12 (6) (2) EBIT H1-24 Translation Differences EBIT H1-24 excl. FX effect Strauss Israel Coffee Int'l Strauss Water Other EBIT H1-25 6.7% 7.0% 1 Including loss on cocoa derivatives of NIS 49m in Q1-2025 and NIS 27m in Q2-2024. Excluding these losses, Group EBIT for Q2-24 would have totaled NIS 178m (6.5% margin), for H1- 25 Group EBIT would have totaled NIS 475m (7.8% margin) and in H1-24, NIS 382m (7.2% margin). 2 Other includes Sabra & Obela until divestment, The Kitchen and HQ expenses 2 2 +60.8% +19.8%
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355 250 99 49 426 248 157 52 6.7% 9.9% 4.6% 12.1%7.0% 9.1% 5.4% 12.3% Strauss Group Strauss Israel Coffee Int'l Water H1-24 H1-25 19.8% 21.7% -0.9% 58.2% 6.3% 25 Q2 & H1-2025 EBIT and EBIT margins| NIS m; Non-GAAP Strauss Group Q 2: Strauss Group H 1: growth excl. FX= 151 99 61 25 245 135 102 26 5.5% 8.2% 5.1% 12.0%8.0% 10.3% 6.7% 12.1% Strauss Group Strauss Israel Coffee Int'l Water Q2-24 Q2-25 60.8% 64.8% 37.1% 67.0% 4.0% 1 Including loss on cocoa derivatives of NIS 49m in Q1-2025 and NIS 27m in Q2-2024. Excluding these losses, Group EBIT for Q2-24 would have totaled NIS 178m (6.5% margin), for H1-25 Group EBIT would have totaled NIS 475m (7.8% margin) and in H1-24, NIS 382m (7.2% margin). Excluding these losses, Strauss Israel EBIT for Q2-24 would have totaled NIS 126m (10.4% margin), for H1- 25 Strauss Israel EBIT would have totaled NIS 297m (10.9% margin) and in H1-24, NIS 277m (11.0% margin). 1 1 1 1
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Strauss Group Q2 & H1-2025 Net Income1 • Net income impacted by: • Higher financial expenses: o Impact of stronger Shekel on FX2 hedging and differences o Higher interest expenses mainly related to financing working capital and higher interest rates in Brazil • Higher tax is mainly attributable to lower taxes in Q2 & H1 2024, as well as the profit mix in Israel • Non-controlling equity gains increased due to profit mix Strauss Group Q 2 Net Income 1 bridge: KEY IMPACTS: | NIS m; Non-GAAP Strauss Group H 1 Net Income 1 bridge: 1 Net Income attributed to the Company Shareholders 2 FX – Foreign Exchange 83 80 94 (57) (32) (8) Net Income Q2-24 EBIT Finance exp. Taxes on Income Non Controlling Interest Net Income Q2-25 242 153 71 (57) (90) (13) Net Income H1-24 EBIT Finance exp. Taxes on Income Non Controlling Interest Net Income H1-25 -1.8% -36.7% 26 (25) FX hedging (23) Interest (8) FX differences (42) Release of provisions in 2024 due to tax assessments 10 profit mix (54) Release of provisions in 2024 due to tax assessments (36) profit mix (31) FX hedging (12) interest (11) FX differences
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580 360 145 84 631 351 200 85 10.9% 14.3% 6.7% 20.9%10.4% 13.0% 6.8% 20.0% Strauss Group Strauss Israel Coffee Int'l Water H1-24 H1-25 8.6% -2.3% 37.6% 0.6% 27 Q2 & H1-2025 EBITDA and EBITDA margins| NIS m; Non-GAAP Strauss Group Q 2: Strauss Group H 1: 262 154 84 40 349 186 124 439.6% 12.7% 7.0% 19.6%11.3% 14.1% 8.1% 19.8% Strauss Group Strauss Israel Coffee Int'l Water Q2-24 Q2-25 32.4% 21.5% 47.6% 5.0% 1 Including loss on cocoa derivatives of NIS 49m in Q1-2025 and NIS 27m in Q2-2024. Excluding these losses, Group EBITDA for Q2-24 would have totaled NIS 289m (10.5% margin), for H1-25 Group EBITDA would have totaled NIS 680m (11.2% margin) and in H1-24, NIS 607m (114% margin). Excluding these losses, Strauss Israel EBITDA for Q2-24 would have totaled NIS 181m (14.9% margin), for H1-25 Strauss Israel EBITDA would have totaled NIS 400m (14.8% margin) and in H1-24, NIS 387m (15.4% margin). 1 1 1 1
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28 | NIS m; Non-GAAPStrauss Group Q2 & H1-2025 Cash Flow 14 51 -101 -296 -119 -89 -397 -584 Q2-24 Q2-25 H1-24 H1-25 Operating Cash Flow Free Cash Flow Operating Cash Flow Change, Y-o-Y Q2: +37 H1: -195 Free Cash Flow Change, Y-o-Y Q2: +30 H1: -187 • Operating and free cash flow improvement in Q2-25 following: • higher EBITDA • lower tax payments • lower change in working capital • despite Wyler fine1, higher finance payments and CAPEX KEY IMPACTS: 1 Financial penalty of NIS 33m in Q2-25 and NIS 66m in H1-25 attributed to the Competition Commissioner’s ruling in regard to Wyler merger, refer to section 2.2 of the BOD report and note 6.3 of the Consolidated Financial Statements, as of June, 30, 2025.
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29 | NIS m; Non-GAAPStrauss Group Net Debt and Net Debt / EBITDA (LTM) • Increase in Net Debt due to: • Increase in working capital due to raw material price inflation • Dividend of NIS 160m paid in Q2-25 (& dividend of NIS 200m in Q1-25) • Midroog (Moody’s affiliate) upgraded outlook to stable, affirming Aa1.il rating 3,223 3,286 1,989 2,652 2,966 2.7x 2.8x 1.7x 2.3x 2.4x 30 Jun 2024 30 Sept 2024 31 Dec 2024 31 Mar 2025 30 Jun 2025 Net Financial Debt Net Debt / EBITDA KEY IMPACTS:
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30 Strauss Israel
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31 Q2-2025 Segment Sales (NIS m) 212 301 806 1,319 16% of Israel Sales Q2-2025 Change 23% of Israel Sales 61% of Israel Sales Strauss Israel Q2-2025 Sales | NIS m; Non-GAAP Strauss Israel Q 2 Sales Bridge: ▪ Health & Wellness – mainly improved sales mix and higher quantities ▪ Fun & Indulgence – Snacks & Confectionery – higher pricing, improved sales mix and higher quantities ▪ Fun & Indulgence – Coffee Israel – higher quantities and pricing KEY IMPACTS: 100% of Israel Sales 1 H&W – Health & Wellness; F&I – Fun & Indulgence 1,212 52 30 25 1,319 Strauss Israel Q2-24 H&W F&I - Snacks & Confectionery F&I - Coffee Israel Strauss Israel Q2-25 8.9% 14.0% 11.0% 6.8% Strauss Israel F&I - Coffee Israel F&I - Snacks & Confectionery H&W +8.9%
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32 H1-2025 Segment Sales (NIS m) 472 695 1,548 2,715 17% of Israel Sales H1-2025 Change 26% of Israel Sales 57% of Israel Sales Strauss Israel H1-2025 Sales | NIS m; Non-GAAP Strauss Israel H 1 Sales Bridge: KEY IMPACTS: 100% of Israel Sales 2,521 63 63 68 2,715 Strauss Israel H1-24 H&W F&I - Snacks & Confectionery F&I - Coffee Israel Strauss Israel H1-25 7.7% 16.9% 10.0% 4.2% Strauss Israel F&I - Coffee Israel F&I - Snacks & Confectionery H&W ▪ Health & Wellness – mainly improved sales mix and higher quantities ▪ Fun & Indulgence – Snacks & Confectionery – higher pricing, improved sales mix and higher quantities ▪ Fun & Indulgence – Coffee Israel – higher quantities and pricing 1 H&W – Health & Wellness; F&I – Fun & Indulgence +7.7%
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929 548 196 185 911 582 152 177 36.9% 36.9% 31.0% 45.8%33.5% 37.6% 21.8% 37.5% Strauss Israel Health & Wellness Fun & Indulgence Coffee Israel H1-24 H1-25-2.0% 6.1% -22.5% -4.4% 431 277 69 85 462 307 80 75 35.6% 36.9% 25.3% 45.5%34.9% 38.0% 26.3% 35.4% Strauss Israel Health & Wellness Fun & Indulgence Coffee Israel Q2-24 Q2-257.0% 10.0% 15.5% -11.2% Strauss Israel & Segments Q2 & H1-2025 Gross Profit & Margins | NIS m; Non-GAAP 33 Strauss Israel Q 2 Gross Profit & Margins: Strauss Israel H 1 Gross Profit & Margins: 1 Including loss on cocoa derivatives of NIS 49m in Q1-2025 and NIS 27m in Q2-2024. Excluding these losses, Strauss Israel gross profit for Q2-24 would have totaled NIS 458m (37.9% margin), for H1-25 Strauss Israel gross profit would have totaled NIS 960m (35.3% margin) and in H1-24, NIS 956m (37.9% margin). Excluding these losses, F&I gross profit for Q2-24 would have totaled NIS 96m (35.3% margin), for H1-25 F&I gross profit would have totaled NIS 201m (28.9% margin) and in H1-24, NIS 223m (35.2% margin). 1 1 1 1
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250 166 30 54 248 201 (15) 62 9.9% 11.2% 4.8% 13.4%9.1% 13.0% -2.1% 13.2% Strauss Israel Health & Wellness Fun & Indulgence Coffee Israel H1-24 H1-25-0.9% 21.1% 15.3% 99 92 (12) 19 135 113 1 218.2% 12.1% -4.1% 10.1%10.3% 14.0% 0.5% 10.1% Strauss Israel Health & Wellness Fun & Indulgence Coffee Israel Q2-24 Q2-2537.1% 23.4% 14.7% Strauss Israel & Segments Q2 & H1-2025 EBIT & Margins | NIS m; Non-GAAP 34 Strauss Israel Q 2 EBIT & Margins: Strauss Israel H 1 EBIT & Margins: KEY IMPACTS: ▪ Implementation of productivity initiatives throughout the business ▪ Health & Wellness – improvement in profit margins driven by improved sales mix, pricing and productivity measures ▪ Fun & Indulgence – Snacks & Confectionery – impacted by cocoa price inflation and non-recurring loss on cocoa derivatives in Q2-24 and Q1-25 1 ▪ Fun & Indulgence – Coffee Israel – higher pricing moderated the impact of green coffee price inflation 1 Including loss on cocoa derivatives of NIS 49m in Q1-2025 and NIS 27m in Q2-2024. Excluding these losses, Strauss Israel EBIT for Q2-24 would have totaled NIS 126m (10.4% margin), for H1- 25 Strauss Israel EBIT would have totaled NIS 297m (10.9% margin) and in H1-24, NIS 277m (11.0% margin). Excluding these losses, F&I EBIT for Q2-24 would have totaled NIS 15m (5.9% margin), for H1-25 F&I EBIT would have totaled NIS 34m (4.9% margin) and in H1-24, NIS 57m (9.1% margin). 1 1 1 1
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Coffee International 35
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1,536 Net Sales Gross profit EBIT EBITDA Q2-2025 Q2-2024 102 1,205 % change 36 Strauss Coffee International Performance | NIS m; Non-GAAP % change excl. FX effect +67.0% +27.4% 6.7% 5.1% 61 298 19.4% +13.8% +47.6% 8.1% 124 262 21.8% 7.0% 84 +37.5% 2,924 H1-2025 H1-2024 157 2,159 % change % change excl. FX effect +58.2% +35.4% 5.4% 4.6% 99 531 18.1% +7.8% +37.6% 6.8% 200 492 22.8% 6.7% 145 +49.3% EBIT Margin EBITDA Margin Gross Margin
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1,536 37 73 139 49 163 Strauss Coffee International Q 2-2025 Sales | NIS m; Non-GAAP Strauss Coffee International Q 2 Sales Bridge: Q2-2025 Country Sales (NIS m) Q2-2025 Change 11% of Coffee Intl. 3% of Coffee Intl. 9% of Coffee Intl. 5% of Coffee Intl. KEY IMPACTS: ▪ 3C1 – higher pricing due to green coffee price inflation, maintaining #1 positioning in the R&G market in Brazil ▪ CEE2 – higher pricing due to green coffee price inflation, achieving #2 market position in Poland (in relevant categories) and maintain market position in other markets 1 3C: Três Corações Group of companies is a joint venture (Brazil): the 3C Group is jointly held by the Strauss coffee B.V. (50%) and by the São Miguel Group (50%) (3C). 2 CEE- Central Eastern Europe 100% of Coffee Int’l 1,112 72% of Coffee Int’l 27.4% 28.1% 23.3% 13.3% 36.0% 31.9% 37.5% 38.6% 22.8% 6.1% 33.3% 49.4% Total Coffee Int'l Ukraine Romania Russia Poland Brazil % change excl. FX effect % change 1,205 270 61 1,536 Coffee Int'l Q2-24 Sales Brazil CEE Coffee Int'l Q2-25 Sales +27.4% +27.4%
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2,924 38 129 288 92 295 Strauss Coffee International H 1-2025 Sales | NIS m; Non-GAAP Strauss Coffee International H 1 Sales Bridge: H1-2025 Country Sales (NIS m) H1-2025 Change 10% of Coffee Intl. 3% of Coffee Intl. 10% of Coffee Intl. 4% of Coffee Intl. KEY IMPACTS: ▪ 3C1 – higher pricing due to green coffee price inflation, maintaining #1 positioning in the R&G market ▪ CEE2 – higher pricing due to green coffee price inflation and volume growth in certain geographies 100% of Coffee Int’l 2,120 73% of Coffee Int’l 35.4% 22.9% 23.5% 24.4% 40.3% 42.5% 49.3% 34.4% 25.7% 20.0% 39.3% 65.2% Total Coffee Int'l Ukraine Romania Russia Poland Brazil % change excl. FX effect % change 2,159 633 132 2,924 Coffee Int'l H1-24 Sales Brazil CEE Coffee Int'l H1-25 Sales +35.4% 1 3C: Três Corações Group of companies is a joint venture (Brazil): the 3C Group is jointly held by the Strauss coffee B.V. (50%) and by the São Miguel Group (50%) (3C). 2 CEE- Central Eastern Europe +35.4%
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Três Corações Alimentos S.A. 3,536 701 19.8% +161.3% +37.0% +49.7% Net Sales Gross profit EBIT Q2-2025 Q2-2024 7.9% 280 2,362 512 21.7% % change 4.5% 107 | GAAP 100%; BRL m KEY IMPACTS: 39 ▪ Higher sales and EBIT, reflecting: ▪ Higher pricing mostly in R&G category ▪ Continued growth of non-R&G products in 3C Brazil ▪ Operational efficiencies 1 Três Corações joint venture (Brazil): a company jointly held by the Group (50%) and by the São Miguel Group (50%) (3C). Additionally, Strauss Group has a joint holding with São Miguel Group in Três Corações Imóveis, which has a negligible contribution to Strauss Group’s consolidated Non-GAAP financial results 2 Source: Três Corações Alimentos S.A. Consolidated Interim Financial Statements as of June 30th, 2025 6,818 1,194 17.5% +162.7% +32.1% +65.4% H1-2025 H1-2024 5.5% 376 4,121 904 21.9% % change 3.5% 143 EBIT Margin Gross Margin
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40 Strauss Water
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218 +4.0% +3.9%Net Sales Gross profit EBIT 1 EBITDA 1 Q2-2025 Q2-2024 12.1% 26 210 12.0% 25 % change 108 49.5% +7.5% +5.0% 19.8% 43 101 47.9% 19.6% 40 41 Strauss Water Performance | NIS m; Non-GAAP 1 EBIT & EBITDA include equity share in Haier Strauss Water (HSW) profit 424 +6.3% +5.3% H1-2025 H1-2024 12.3% 52 403 12.1% 49 % change 207 48.9% +6.7% +0.6% 20.0% 85 195 48.3% 20.9% 84 KEY IMPACTS: ▪ Sales – higher install base, higher Israel & UK sales and improved sales mix, moderated by the impact of conflict with Iran in Q2-25 ▪ Gross profit supported by FX impact and implementation of productivity measures ▪ Lower Haier Strauss Water (HSW) equity gains EBIT Margin EBITDA Margin Gross Margin
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478 +6.6%Net Sales Net Income Q2-2025 Q2-2024 448 % change 41 8.6% -18.9%51 11.4% 42 Haier Strauss Water1 Q2 & H1-2025 Snapshot KEY IMPACTS: ▪ Sales increased as the company continued to expand in the market ▪ Lower net income due to higher R&D expenses and initiation of promotions to support market positioning, impacting margins 1 Haier Strauss Water (HSW) is a company jointly held by Haier (51%) and Strauss Group (49%), also includes expenses attributed to the additional manufacturing facility | 100%; ¥m; Non-GAAP 934 +7.4% H1-2025 H1-2024 869 % change 103 11.0% +0.5%103 11.9%Net Margin
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Thank you 43 For further details please contact: Rivka Neufeld Phone: + 972-54-4224146 IR@Strauss-Group.com www.strauss-group.com
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44 Appendix ▪ Non-GAAP to GAAP reconciliation ▪ Currencies ▪ T rês Corações Alimentos S.A. ▪ Raw Materials Prices
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45 GAAP to Non-GAAP Reconciliation Items ▪ Adjustments for IFRS 11 – transition from the equity method in the financial accounting (GAAP) reports to the proportionate consolidation method (according to the segmental information based on the Group’s internal management reports). Strauss Group has a number of jointly controlled companies: the T rês Corações joint venture (3C) - Brazil (a company jointly held by Strauss Group (50%) and by the São Miguel Group (50%) in Brazil), Strauss Frito-Lay Ltd. (a 50%/50% JV with PepsiCo Frito-Lay in Israel) and until the completion of the sale in December 2024, Sabra Dipping Company (a 50%/50% JV with PepsiCo in the U.S. and Canada)(“Sabra”), and PepsiCo Strauss Fresh Dips & Spreads International(1) (a 50%/50% JV with PepsiCo outside the U.S. and Canada) (“Obela”). For more information on this sale, please refer to the Description of the Company’s Business Report for 2024, section 11.1. ▪ Mark-to-market at end-of-period of open positions in the Group in respect of financial derivatives used to hedge commodity prices and all adjustments necessary to delay recognition of most of the gains or losses arising from commodity derivatives until the date when the inventory is sold to outside parties and/or the financial derivative is exercised ▪ Additional adjustments for the management (non-GAAP) reports (share-based payment, valuation of hedging transactions, certain other expenses/income net and taxes referring to those adjustments)
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Q2 & H1 GAAP and Non-GAAP| NIS m GAAP Non-GAAP GAAP Non-GAAP Q2-2025 Q2-2024 Change Q2-2025 Q2-2024 Change H1 2025 H1 2024 Change H1 2025 H1 2024 Change Sales 1,875 1,701 174 3,073 2,754 319 3,762 3,427 335 6,063 5,343 720 Gross Profit 583 583 -- 868 841 27 1,195 1,148 47 1,649 1,715 (66) GP Margin 31.1% 34.3% -3.2ppt 28.3% 30.5% -2.3ppt 31.8% 33.5% -1.7ppt 27.2% 32.1% -4.9ppt Operating Profit 183 151 32 245 151 94 373 268 105 426 355 71 EBIT Margin 9.8% 8.9% 0.9ppt 8.0% 5.5% 2.4ppt 9.9% 7.8% 2.1ppt 7.0% 6.7% 0.4ppt Net Profit to Shareholders 64 82 (18) 80 83 (3) 150 133 17 153 242 (89) NP Margin 3.4% 4.8% -1.4ppt 2.6% 3.0% -0.4ppt 4.0% 3.9% 0.1ppt 2.5% 4.5% -2.0ppt Change in WC (131) (5) (126) (194) (181) (13) (444) (98) (346) (811) (463) (348) Operating Cash Flow 20 134 (114) 51 14 37 (73) 159 (232) (296) (101) (195) CAPEX, net (122) (108) (14) (140) (133) (7) (254) (241) (13) (288) (296) 8 FCF (102) 26 (128) (89) (119) 30 (327) (82) (245) (584) (397) (187) Net Debt 2,383 2,641 (258) 2,966 3,223 (257) 2,383 2,641 (258) 2,966 3,223 (257)
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47 Currencies Currencies vs. NIS Currencies vs. USD Currency vs. NIS Q2-2025 Q2-2024 Change Y-o-Y H1-2025 H1-2024 Change Y-o-Y USD 3.584 3.731 -3.92% 3.599 3.696 -2.63% EUR 4.066 4.016 1.26% 3.934 3.995 -1.54% GBP 4.786 4.708 1.64% 4.667 4.675 -0.16% PLN 0.954 0.933 2.24% 0.929 0.925 0.45% RON 0.808 0.807 0.15% 0.786 0.803 -2.16% RUB 0.044 0.041 7.60% 0.042 0.041 2.07% BRL 0.632 0.716 -11.69% 0.624 0.728 -14.22% RSD 0.035 0.034 1.18% 0.034 0.034 -1.51% UAH 0.086 0.094 -7.62% 0.087 0.095 -8.65% CNY 0.495 0.515 -4.00% 0.496 0.513 -3.40% Currency vs. USD Q2-2025 Q2-2024 Change Y-o-Y H1-2025 H1-2024 Change Y-o-Y NIS 0.279 0.268 4.14% 0.278 0.271 2.72% EUR 1.135 1.076 5.42% 1.093 1.081 1.14% GBP 1.335 1.262 5.82% 1.297 1.265 2.55% PLN 0.266 0.250 6.43% 0.258 0.250 3.17% RON 0.226 0.216 4.24% 0.218 0.217 0.49% RUB 0.012 0.011 12.05% 0.012 0.011 4.88% BRL 0.176 0.192 -8.05% 0.174 0.197 -11.90% RSD 0.010 0.009 5.33% 0.009 0.009 1.16% UAH 0.024 0.025 -3.85% 0.024 0.026 -6.20% CNY 0.138 0.138 -0.06% 0.138 0.139 -0.79%
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48 Raw Materials Prices Change %H1-2025 average H1-2024 averageChange %Q2-2025 average Q2-2024 averageCategory 80%370 c/lbs204 c/lbs65%364 c/lbs220 c/lbsArabica 39%5,102 $/T3,668 $/T17%4,768 $/T4,061 $/TRobusta -15%508$/T603 $/T-13%493$/T572 $/TSugar 10%7,082 GBP/T6,478 GBP/T-18%6,467 GBP/T7,944 GBP/TCocoa -6.4%1,729 $/T1,848 $/T-15%1,849 $/T1,852 $/TSesame 0.9%2.43 ILS/L2.41 ILS/L1.3%2.47 ILS/L2.44 ILS/LMilk (Israel)