Rémy Cointreau (RMC) investor relations material

Executive summary

• Launched RC Forward transformation plan to drive growth, efficiency, and resilience amid challenging macroeconomic and geopolitical conditions, with early signs of recovery in key markets and a focus on innovation and market share gains, especially in the US and China.

• Leadership transition with Franck Marilly appointed as CEO in June 2025.

• Maintained high marketing investment and disciplined financial stewardship, focusing on long-term sustainable value creation.

• Strategic focus on stabilizing business, preserving profitability, and improving cash generation.

Financial highlights

• Group sales reached €935.3 million (+0.2% organic, -5.0% reported year-over-year).

• Current Operating Profit (COP) was €165.4 million, down 11.5% organically and 23.8% reported, with a margin of 17.7%.

• Net profit group share was €78.7 million, down 35.1% year-over-year; EPS at €1.51, down 36%.

• Free cash flow improved to €53.8 million from €19.2 million last year; FCF conversion rate at 27%.

• Net debt/EBITDA ratio increased to 3.22x at March-end, with net financial debt at €690.4 million.

Outlook and guidance

• Expect a return to organic sales growth and slight COP margin improvement in 2026/2027, with gradual top-line recovery.

• COGS margin expected to remain resilient and improve slightly organically, despite €20 million in tariffs.

• Negative FX impact of €15–20 million on sales and €5–8 million on COGS/COP anticipated.

• Maintaining net debt/EBITDA below 3.5x is a key priority.

• RC Forward aims for €100 million gross value creation by 2028/2029, with medium-term objectives to be announced in November 2026.