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

Leadership background and company context

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

• Early career in food manufacturing provides strong industry understanding.

• Company recognized as a young but global market leader, with recent rapid growth outpacing internal systems.

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

Strategic transformation: BC Next Level

• Launched in September 2023, the Next Level program targets customer proximity and operational simplification/digitization.

• Established 25 country cluster general managers to address local market needs and drive innovation.

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

• Ahead of schedule in implementing transformation, with strong organizational buy-in.

Investment, cost savings, and operational upgrades

• EUR 500 million investment allocated across CapEx and OpEx to improve customer experience, service, sustainability, and quality.

• 36 investments focus on value, service, sustainability, and food safety, with 75% of EUR 250 million in synergies expected to impact the bottom line.

• Smooth transition with minimal disruption, reflecting strong employee and union support.

• Targeting 70-80% of cost savings by fiscal year-end, with significant progress already made.