Barry Callebaut (BARN) 2025 Deutsche Bank Global Consumer Conference summary

Leadership background and company context

• CEO brings extensive experience from FMCG and investment roles, focusing on value creation and lifecycle transformation.

• Early career in food manufacturing provides strong industry understanding.

• Company is 28 years old, with a history of rapid growth and market leadership.

• Recognized need to evolve internal controls and oversight after recent challenges.

• Identified opportunities to enhance customer value, service, sustainability, and food safety.

Next Level Strategic Program and investments

• Launched in fall 2023, the program is built on getting closer to customers and simplifying/digitizing operations.

• Established 25 country cluster general managers to localize leadership and innovation.

• Standardizing and digitizing processes to harmonize operations and improve efficiency.

• Ahead of schedule in implementing organizational changes and investments.

• EUR 500 million investment targets customer experience, service, sustainability, and quality.

Operational and financial impact

• Cost savings are a byproduct of smarter work, not the primary goal.

• 36 investments focus on value, service, sustainability, and food safety.

• 70-80% of targeted cost savings expected to be realized by year-end.

• Four factories removed to optimize manufacturing footprint; digitization enhances customer experience.

• Engaged 8,000 factory operators globally in improvement initiatives.