10 slides from Adama Ltd. Class A's earnings presentation, May 17, 2015
Slide 1: Business Update Q1 2015
Business Update Q1 2015 May 17, 2015
Slide 2: Legal Notice
Legal Notice This presentation is for marketing and information purposes only. By this presentation, ADAMA Agricultural Solutions Ltd. (the “Company”) does not intend to give, and the presentation does not constitute, professional or business advice or an offer or recommendation to perform any trans
Slide 3: Financial Highlights
Financial Highlights Adjusted, ($ million) Q1 2015 Q1 2014 Change Sales 866.7 909.7 (4.7%) Gross Profit 294.8 313.1 (5.8%) As % of Sales 34.0% 34.4% Operating Expenses 169.3 182.4 (7.2%) As % of Sales 19.5% 20.1% Operating Income (EBIT) 125.5 130.7 (3.9%) As % of Sales 14.5% 14.4% Income before Taxe
Slide 4: Q1 2015 Business Highlights
Q1 2015 Business Highlights Increase in sales in Reported numbers Growth and profit Focus on efficiency constant currencies impacted by major compare well reduced currency headwinds, against all larger manufacturing and Increase in volumes partially mitigated and like-size peers sourcing costs of ov
Slide 5: Growth in revenues at constant currencies, marked improvement in profitability
Growth in revenues at constant currencies, marked improvement in profitability Sales +0.4% at CER EBT margin up 170bps EBITDA margin up 40bps +0.4% -4.7% +8.8% +170bps -2.7% +40bps 913 910 910 867 172 167 19.2% 115 13.3% 18.8% 11.6% 106 Q1'14 Q1'15 Q1'14 Q1'15 Q1'14 Q1'15 Q1'14 Q1'15 Q1'14 Q1'15 Q1'
Slide 6: Strong inventory and working capital management contributing to significant improvement in free cash flow
Strong inventory and working capital management contributing to significant improvement in free cash flow Inventory improvement Working capital improvement Free Cash Flow $37mm $109mm up $118m - 2.9% - 6.1% Q1'14 Q1'15 1,265 1,780 1,228 1,671 -164 Δ +118mm -282 Q1 2014 Q1 2015 Q1 2014 Q1 2015 Invent
Slide 7: Q1 Sales Bridge Analysis
Q1 Sales Bridge Analysis 19 (16) (46) 910 867 Q1 2014 Quantity Price FX Q1 2015 Variance Variance 7
Slide 8: Q1 Gross Profit Bridge Analysis
Q1 Gross Profit Bridge Analysis 313 7 (16) 12 (20) 295 34.4% 34.0% Q1 2014 Quantity Price Cost FX Q1 2015 Variance Variance Variance 8
Slide 9: Regional Sales Performance
Regional Sales Performance Sales change by region Europe Region Sales % Constant Currencies As Reported – Solid sales growth in local currency terms, driven by increase in quantities sold due to conducive 3.8% weather conditions Europe 457 53% -2.2% North America 1.6% – Resilient performance giv
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