Orkla (ORK) Investor presentation summary

Strategic focus and priorities

• Targets 12-14% annual total shareholder return for 2024-2026, emphasizing value creation and disciplined capital allocation.

• Strategy centers on driving organic value, reducing portfolio complexity, and executing value-adding structural transactions.

• Maintains a diversified portfolio of ten companies with leading market positions in brands and consumer-oriented industries.

• Active ownership model combines private equity and family office approaches, leveraging industry expertise and synergies.

• Focuses on stable growth, increasing cash flow, and long-term per share value creation.

Financial performance and targets

• Reported 2025 revenue of NOK 71.5 billion and net profit of NOK 6.9 billion before minorities.

• Achieved 11% average total shareholder return over the last 10 years.

• Underlying EBIT (adj.) growth target of 6.9% CAGR for 2023-2026, with EBIT (adj.) margin target of 11.8%.

• Return on capital employed (ROCE) targeted at 8-10% for 2023-2026.

• Demonstrates resilient growth with operating revenue CAGR of 9% and EBIT (adj.) CAGR of 7% from 2019-2025.

Portfolio composition and geographic exposure

• Major holdings include Jotun (42.7% interest), Orkla Foods, Orkla Snacks, Orkla Food Ingredients (59.4%), and Orkla India (75%).

• Portfolio companies span food, snacks, health, home and personal care, and nutrition sectors.

• 2025 revenue by geography: Norway 26%, Sweden 16%, Denmark 8%, Finland 8%, India 19%, Europe 4%, Other 2%.

• Approximately 75% of Jotun's revenues come from emerging markets.