Tanmiah Food Company · TADAWUL:2281
Tanmiah Food — FY2023 Earnings Presentation
15 slides from Tanmiah Food's earnings presentation, 2023
Slide 1: Tanmiah Food Company FY2023 Presentation
TANMIAH FOOD COMPANY FY2023 Presentation
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared solely for use as an investor presentation for Tanmiah Food Company (the “Company”). By attending or by reading this presentation, you agree to be bound by the following limitations. The information contained in this presentation is for background purpo
Slide 3: Table of Contents
TABLE OF CONTENTS 1 FY2023 Highlights 2 FY2023 Financial Overview 3 Outlook and Key Takeaways 4 3
Slide 4: FY2023 Highlights
O01 | FY2023 Highlights
Slide 5: 4Q and FY2023 highlights
4Q and FY2023 highlights Another exceptional year, marked by numerous important collaborations and enhanced financial and operational performance 4Q23 +20% +23% +40% +33% YoY revenue growth, to YoY operating profit Net profit from continuing Net profit before extraordinary SAR 576 mn growth, to SAR
Slide 6: Committed to sustainability through our Giving, Earning, Sustaining model
Committed to sustainability through our Giving, Earning, Sustaining model ❖ Tanmiah selected as a member of UN Global Compact ❖ Launch of inaugural Sustainability Report in 2023, showcasing commitments to sustainable business practices through a number of wide-ranging initiatives, following a double
Slide 7: FY2023 Financial Overview
02 FY2023 Financial Overview 7
Slide 8: FY2023 financial performance – top line
FY2023 financial performance – top line Revenues exhibit solid performance during the period FY22 FY23 2% 4% Revenue (SAR mn) 13% 13% +20% +21% 2,093 85% 83% 1,727 Fresh poultry Animal Feed and Vet Franchising ▪ Fresh poultry revenues increased 18% YoY, as a result of sustained capacity 576 expansio
Slide 9: FY2023 financial performance – profitability
FY2023 financial performance – profitability Margins at adequate levels, with continued expansion of fresh poultry capacity and Popeyes footprint Net Profit and Net Profit Margin (excluding extraordinary items) Gross Profit and Gross Margin EBITDA and EBITDA Margin 100 5.0% 5.5% 5.0% 4.3% 6.0% 24.9%
Slide 10: Fresh poultry segment analysis
Fresh poultry segment analysis Production capacity, as well as sales and marketing initiatives continued to grow PPL Feed mills Hatcheries Farms FY22 FY23 % Growth Sales volume 115 million birds 136 million birds 18% Processing capacity 456,000 bpd 500,000 bpd 10% Distribution routes 289 342 18% Mar
Slide 11: Focus on strategic expansion agenda
Focus on strategic expansion agenda Execution of capex program remains a priority, enabling further enhancement of market positioning Capex Additions (SAR mn) Right to use Assets Capex Commitments (SAR mn) 223 (SAR mn) 170 423 450 161 130 180 349 350 90 150 145 141 250 50 120 150 10 90 50 FY 22 FY 2
Slide 12: Prudent balance sheet management
Prudent balance sheet management Balance sheet (SAR mn) Non-current assets Current Assets Equity Non-current Liabilities Current Liabilities Dec 2022 Dec 2023 RoIC(1) (2) % 9.5% 8.1% Profitability RoE (1) % 11.3% 13.1% NWC-to-Sales (3) % 17% 19% Trade receivables(3) Days of Sales 34 33 781 27 25 976
Slide 13: Outlook and Key Takeaways
03 Outlook and Key Takeaways 13
Slide 14: Key Takeaways
Key Takeaways Continued improvement in top line performance during the year, with improved margins Strategic growth agenda on track, with 10% rise in production capacity to 500,000 bpd Important collaborations with MHP SE, Vibra Agroindustrial, HPDC and Estidamah to reinforce the Kingdom’s food secu
Slide 15: Thank You
THANK YOU Investor Relations & Media Queries Mr. Hussam Al Shareef, Investor Relations Manager ir@tanmiah.com www.tanmiah.com