Disclaimer: Forward Looking Statements

This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Group's strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends, cash flow, net debt or other financial measures, the impact of foreign exchange fluctuations, the impact of raw material fluctuations and other competitive pressures. These and other forward looking statements reflect management expectations based on currently available data.

However, actual results will be influenced by, among other things, macro-economic conditions, food industry supply and demand issues, foreign exchange fluctuations, raw material and commodity fluctuations, the successful acquisition and integration of new businesses, the successful execution of business transformation programmes and other, as of today, unknown factors.

Therefore actual results may differ materially from these projections.

These forward looking statements speak only as of the date they were made and the Group undertakes no obligation to publicly update any forward looking statement, whether as a result of new information, future events or otherwise.

© Kerry 2022 | 2 |

Preliminary Statement of Results 2021

1

Review of

Business

3

Future

Prospects

Edmond Scanlon

Marguerite Larkin

Chief Executive Officer

Chief Financial Officer

2

Financial Review

© Kerry 2022 | 3 |

Good Finish to a Year of Strong Growth and Business Development

Strong Volume Growth

Across Our Channels

With Strategic Developments

7.6%

8.0%

Strategic Portfolio Developments

Q4

FY

Group Volume Growth

New Durban, South Africa facility

Capital Markets Day

© Kerry 2022 | 4 |

Taste & Nutrition

Strong growth in retail channel, with foodservice volumes finishing the year above 2019 levels

FY 2021

Performance

Revenue

€6,273m

+8.3%¹

EBITDA margin

17.5%

Trading margin

14.6%

  • Retail channel delivered strong growth led by Beverage, Meat and Bakery
  • Foodservice channel achieved excellent volume growth across all end use markets
  • Emerging markets' volumes increased 14.4%
  • Pricing of 1.3% reflects increases in input costs through the period
  • Key Growth Platforms achieved strong volume growth in Food Waste and Plant- based, with good growth across Authentic Taste and Health & Bio-Pharma
  • Trading margin +40bps with improvement primarily driven by operating leverage

T&N Volume Growth

8.3%

7.2%

Q4FY

© Kerry 2022 | 5 |

¹ Volume growth

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Kerry Group plc published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 07:13:00 UTC.