Grupo Herdez Sab De Cv · BMV:HERDEZ
Grupo Herdez Sab De Cv — Q4 2014 Earnings Presentation
14 slides from Grupo Herdez Sab De Cv's earnings presentation, Feb 27, 2015
Slide 1: Fourth Quarter 2014 Financial Results and 2015 Outlook
Fourth Quarter 2014 Financial Results and 2015 Outlook February 27th, 2015
Slide 2: Forward-Looking Statement
Forward-Looking Statement The information herein contained (“Information”) has been prepared by Grupo Herdez, S.A.B. de C.V., its associates, subsidiaries and/or affiliates companies (“Grupo Herdez”) and may contain forward-looking statements that reflects Grupo Herdez current expectations and views
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Slide 4: Driving top line growth
Driving top line growth In 2014, net sales grew 8.6%, reflecting the company´s efforts to boost volume despite a challenging consumer environment. +8.6% +5.4%* 13,180 14,319 955 604,000 839 1,166 573,000 783 11,558 12,197 2013 2014 2013 2014 Mexico Core Nutrisa Exports 4 *2014 Total stores growth re
Slide 5: 4Q14 Outperforming and underperforming categories
4Q14 Outperforming categories Above Mexico core index (111.4) Tomato Mayonnaise Pastas Salsas Tea Puree Underperforming categories Below Mexico core index (111.4) Canned Tuna Jams Mole 5 Vegetables
Slide 6: 4Q14 Results
4Q14 Results Net Sales EBITDA 4,096 3,780 786 220 239 267 302 582 +8.3% +35.0% 19.2 3,609 3,239 15.4 4Q13 4Q14 4Q13 4Q14 Mexico Core Nutrisa Exports Margin Columna1 EBIT Consolidated Net Income 721 485 +56.6% +176.5% 17.6 460 11.9 12.2 176 4.6 6 4Q13 4Q14 4Q13 4Q14
Slide 7: 2014 Results
2014 Results Net Sales EBITDA 14,319 2,415 13,180 955 839 1166 783 +8.6% +17.8% 2,050 11,558 12,197 16.9 15.6 2013 2014 2013 2014 Mexico Core Nutrisa Exports Margin Columna1 EBIT Net Consolidated Income 1,504 2,113 1,757 +20.2% 1,148 +31.1% 14.8 10.5 13.3 8.7 7 2013 2014 2013 4Q14
Slide 8: Returns on capital
Returns on capital Adj. ROE ROE ROIC 17.7% 14.8% 12.9% 11.2% 11.7% 10.6% 2013 2014 *Adjusted ROE for the elimination of the reasonable value of Herdez Del Fuerte in 2013 following the application of IFRS 10 and IFRS 3. 8 ROE:12M Net Majority Income/2 Year Average Majority Shareholder´s Equity
Slide 9: Revitalized Nutrisa
Revitalized Nutrisa • Net sales totaled $1,166 million. • On a comparable basis, Net Sales decrease -5%. • Frozen yogurt growth +3.5%. • Average ticket growth +10.6%. • 429 total points of sale. – 53 openings – 42 closings • Total extraordinary expense of $62 million. 9
Slide 10: MegaMex, focused on growth
MegaMex, focused on growth 10
Slide 11: Cash flow 4Q14
Cash flow 4Q14 800 410 485 65 63 250 22 123 285 2,451 1,831 1,771 1,749 1,611 1,611 1,626 1,586 1,649 1,346 1,346 11
Slide 12: Building financial strengths
Building financial strengths Net Debt/Consolidated EBITDA 2014 1.4 2013 2.5 *Adjusted ROE for the elimination of the reasonable value of Herdez Del Fuerte in 2013 following the application of IFRS 10 and IFRS 3. 12 ROE:12M Net Majority Income/2 Year Average Majority Shareholder´s Equity
Slide 13: 2015 Financial Outlook
2015 Financial Outlook % growth Sales 8 to 10 Net Sales growth 12 to 15 Gross Profit 8 to 10 EBIT margin 8% to 10% EBITDA Margin 12% to 14% EBIT 14 to 16 Openings 60 POS EBITDA 14 to 16 Majority Net Income 15 to 17 CAPEX 800 to 900 million Grupo Herdez financial outloook includes Nutrisa. 13
Slide 14: Q&A
Q&A 14