Strauss Group Financial Results
Q3 2022 Earnings Presentation | November 28th , 2022
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Disclaimer
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.
GAAP to Non-GAAP
Reconciliations
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), Sabra Dipping Company (a 50%/50% JV with PepsiCo in the U.S. and Canada), Strauss Frito-Lay Ltd. (a 50%/50% JV with PepsiCo Frito-Lay in Israel) and PepsiCo Strauss Fresh Dips & Spreads International (a 50%/50% JV with PepsiCo outside the U.S. and Canada).
In addition, non-GAAP figures exclude any share-based payments, mark to market of commodity hedging transactions as at end-of-period, 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.
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Giora Bardea
Group CEO
Sales and market | Production has | Sabra returns to full | ||||||
share gains in | commenced at | manufacturing | ||||||
Strauss Israel | confectionary plant | capacity and | ||||||
excluding | in Israel and our | marketing products, | ||||||
confectionary | products are back | however, return to | ||||||
on the shelves as we | shelves is gradual and | |||||||
continue to gain | whilst H2 remains | |||||||
traction at retailers | challenging Sabra is | |||||||
expected to breakeven | ||||||||
in Q4 |
&
Yet another stellar quarter for coffee with a 37% growth in sales once again led by Brazil up 33% and for water with a 9% increase in sales and a growing installed base
Commodity inflation | We continue to | ||||||
continues to | execute on our | ||||||
negatively impact | strategy and have | ||||||
margins as milk | started implementing | ||||||
target prices rise | a cross-company | ||||||
sharply in Q3 among | reorganization | ||||||
others | |||||||
Ariel Chetrit
Group CFO
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Strauss Group Ltd. published this content on 28 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 06:54:04 UTC.