Kernel Holding S.a. · GPW:KER
Kernel — Q3 FY2013 Earnings Presentation
12 slides from Kernel's earnings presentation, 2013
Slide 1: Q3 FY2013 Financial Results Presentation
Q3 FY2013 FINANCIAL RESULTS PRESENTATION Kernel Holding S.A. and Subsidiaries
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of th
Slide 3: Q3 FY2013 results highlights
Q3 FY2013 results highlights Key highlights FY 2013 outlook Revenues amounted to USD 597.9 million in Q3 FY2013, flat compared to a year ago, Based on 9M FY2013 results, management now expects full-year FY2013 EBITDA with lower bulk oil and grain sales compensated by higher grain prices and high
Slide 4: Q3 & 9M FY2013 results highlights
Q3 & 9M FY2013 results highlights Financial highlights Amounts in USD million, except for EPS and ratios Q3 FY2013 Q3 FY2012 % change 9M FY2013 9M FY2012 % change Revenue 597.9 598.9 (0.2%) 2,072.1 1,584.8 30.7% Profit from operating activities 24.5 44.8 (45.2%) 143.5 161.2 (10.9%) Net profit attrib
Slide 5: Segment results summary
Segment results summary Q3 FY2013 Revenue(1), USD million EBITDA, USD million EBITDA margin, % Q3 FY2013 Q3 FY2012 % change Q3 FY2013 Q3 FY2012 % change Q3 FY2013 Q3 FY2012 Bulk oil 303.0 321.3 (5.7%) 36.5 48.5 (24.7%) 12.0% 15.1% Farming 12.0 12.7 (5.4%) (3.5) (1.0) 268.7% (29.3%) (7.5%) Grain 239.
Slide 6: Bulk and bottled oil segments performance
Bulk and bottled oil segments performance Bulk oil segment Bottled oil segment Bulk oil sales decreased 22.5% y-o-y to 174 thousand tons in Q3 FY2013 due to the EBITDA decreased 13.2% y-o-y to USD 5.8 million in Q3 FY2013, along with a 20.9% significant amount of contracts signed with delivery t
Slide 7: Grain, silo and export terminals segments performance
Grain, silo and export terminals segments performance Grain segment Export terminals segment 654 thousand tons of grains were exported in Q3 FY2013, down 21.4% y-o-y. A combi- Despite declining grain export volumes and weaker merchandising activity, transship- nation of low crop size in Ukraine
Slide 8: Farming and sugar segments performance
Farming and sugar segments performance Farming segment Sugar segment As usual, seasonally low revenues were due to a majority of the sales of the farming Sugar sales kept at minimum in the quarter under review due to a depressed domes- segment being executed in the first and second quarters of t
Slide 9: Balance sheet highlights
Balance sheet highlights Amounts in USD million 31 March 2013 31 March 2012 Invested Capital Cash & cash equivalents 106.5 91.9 Net trade accounts receivable 109.9 186.9 Inventory 802.0 588.6 of which: readily marketable inventories 649.1 503.0 Other currents assets 412.8 407.9 Net property, plant &
Slide 10: Cash flow highlights
Cash flow highlights Amounts in USD million Q3 FY2013 Q3 FY2012 Operating profit before working capital changes 48.6 67.8 Changes in working capital 276.8 (146.3) Cash obtained from/ (used in) operations 325.4 (78.5) Finance costs paid (18.2) (16.2) Income tax paid (12.8) (1.6) Net cash obtained fro
Slide 11: Liquidity position & credit metrics
Liquidity position & credit metrics Amounts in USD million, except ratios 31 March 2013 31 March 2012 Cash 106.5 91.9 Inventory 802.0 588.6 of which: readily marketable inventories 649.1 503.0 RMI / Inventories 80.9% 85.5% Gross interest-bearing debt 1,044.5 806.9 Net interest-bearing debt 938.0 715
Slide 12: IR contact
IR contact • Yuriy Kovalchuk Investor Relations Director investor_relations@kernel.ua • Yegor Samusenko Investor Relations Manager y.samusenko@kernel.ua Tel.: (+38-044) 461-88-01 Q3 FY2013 12