Fraser & Neave Ltd. · SGX:F99
Fraser & Neave — H1 2011 Earnings Presentation
13 slides from Fraser & Neave's earnings presentation, May 13, 2011
Slide 1: Food & Beverage Financial highlights
Mr Koh Poh Tiong Chief Executive Officer, Food & Beverage 13 May 2011 Food & Beverage Financial highlights $ ’million 1H2011 1H2010 Change ($ ’million) (%) Revenue 1,884.7 1,607.8 276.9 +17% PBIT 1 298.2 244.0 54.2 +22% APBE 2 : - Continuing operations 118.2 102.5 15.7 +15% - Discontinued operations
Slide 2: Revenue $1.9 billion: beer remains top revenue contributor
REVENUE $1.9 billion up $276.9 million (17%) Slide 3 Food & Beverage Beer remains top revenue contributor 1H2011 Revenue 1H2010 Revenue $ 1,885 million $ 1,608 million +$276.9 million (+17%) Soft Drinks [+23%] Soft Drinks $390m 21% $316m 19% Beer $958m Beer $797m 51% 50% [+20%] Dairies $537m Dairies
Slide 3: PBIT $298.2 million: overall profit growth
PBIT $298.2 million up $54.2 million (22%) Slide 5 Food & Beverage Overall profit growth PBIT +22% +51% +54.2m Soft Drinks, -40% 350 +30% $22.1m Dairies, ($16.2m) $298.2m Beer, $48.3m 300 $244.0m 250 200 Beer, 70% Beer, $208.3m 66% 150 $160.0m 100 Soft Drinks, Soft Drinks, 22% 18% 50 $43.7m $65.8m D
Slide 4: Strong 5-year profit growth
Food & Beverage Strong 5-year profit growth A good track record of strong and steady profit growth PBIT APBE 1 YoY +22% YoY +15% $298m $118m $244m $103m $154m $174m $63m $129m $58m $48m 1H2007 1H2008 1H2009 1H2010 1H2011 1H2007 1H2008 1H2009 1H2010 1H2011 1 APBE from continuing operations Slide 7 FY
Slide 5: Focusing on Core Businesses: Beer
Food & Beverage Focusing on Core Businesses F&B Core Businesses Beer Soft Drinks Dairies Ice Cream Slide 9 Beer Slide 10
Slide 6: Strong Volume and Profit Contributions from New Breweries
Food & Beverage Strong Volume and Profit Contributions from New Breweries in Indonesia and New Caledonia Interests in 30* 30*operating operating breweries in 14 countries… Our regional footprint being the widest of any international brewer. Ulaan Baatar Jiangsu (Yancheng, Nantong, Mongolia Qidong, T
Slide 7: Strong Growth in Soft Drinks
Food & Beverage Strong Growth in Soft Drinks F&N SEASONS YTD Volume Growth: +18 % Slide 13 Food & Beverage Incremental Contribution from New Products/ Red Bull Distribution Slide 14
Slide 8: New Products/Portfolio Expansion
Food & Beverage New Products/Portfolio Expansion Launch of ZESTA Guarana Energy Soda in Singapore Slide 15 Food & Beverage 100PLUS • 100PLUS YTD Volume Growth: +10% • Now available in 19 countries Slide 16
Slide 9: Geographic Expansion
Food & Beverage Geographic Expansion 100PLUS launch in Thailand : March 2011 Slide 17 Food & Beverage Geographic Expansion 100PLUS launch in Indonesia : July 2010 Slide 18
Slide 10: Dairies: Manufacturing Expansion Rojana Thailand
Dairies Slide 19 Food & Beverage Manufacturing Expansion Rojana Thailand • Strong performance by Dairies Thailand with the benefit of the new state-of-the-art RM250million (SGD110million) plant in Rojana, Thailand • Capacity: 8 lines; 2.5 million cans per day • The biggest canned milk plant in the r
Slide 11: Manufacturing Expansion Rojana and Pulau Indah
Food & Beverage Manufacturing Expansion Rojana Thailand The Rojana plant in Thailand will provide the production capability and market opportunities in the Indochina region (Myanmar, Laos, Cambodia, Vietnam) Slide 21 Food & Beverage Manufacturing Expansion Pulau Indah Malaysia • Construction of Dair
Slide 12: Malaysia as a Halal Hub
Food & Beverage Manufacturing Expansion Pulau Indah Malaysia Malaysia as a Halal Hub - the upcoming new Dairies plant in Pulau Indah will supplement our export initiatives into the Middle East markets China Middle East Vietnam India Myanmar Thailand Laos Cambodia Sri Lanka Malaysia Singapore Indones
Slide 13: Formation of F&N Creameries
Food & Beverage Formation of F&N Creameries • Formation of a new division, F&N Creameries to integrate and consolidate the management and operations of the our ice-cream business across Singapore, Malaysia and Thailand • Manages a portfolio of all-time favourites, MAGNOLIA and MEADOW GOLD, as well a