Savola Group · TADAWUL:2050
Savola — Q3 2016 Earnings Presentation
25 slides from Savola's earnings presentation, 2016
Slide 1: Investor Presentation Q3 2016
Investor Presentation Q3 2016 www.savola.com
Slide 2: Contents
Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 2
Slide 3: Group Consolidated Financial Snapshot
Group Consolidated Financial Snapshot Gross Net Revenue EBIT Profit Profit SAR Mn Q3 5,847 1,157 311 173 Sep 2016 +4.3% vs LY -6.6% vs LY -37.0% vs LY -53.3% vs LY YTD 18,760 3,670 1,011 513 Sep 2016 -0.6% vs YTD -2.2% vs YTD -28.2% vs YTD -59.8% vs YTD 3
Slide 4: Group Consolidated Financial Highlights
Group Consolidated Financial Highlights SAR Mn Growth Margin YoY Sales -0.6% -2.1% -3.2% +4.3% 18,864 18,760 6,224 6,023 7,036 6,890 5,847 5,604 Q1’15 Q1’16 Q2’15 Q2’16 Q3’15 Q3’16 YTD Sep’15 YTD Sep’16 YoY Gross Profit -2.2% -4.7% -6.6% +5.5% 3,751 3,670 1,353 1,290 1,159 1,223 1,239 1,157 Q1’15 Q1
Slide 5: Group Consolidated Financial Highlights
Group Consolidated Financial Highlights SAR Mn Growth Margin YoY EBIT -28.2% -23.7% -37.0% -23.0% 1,407 1,011 543 494 371 414 285 311 Q1’15 Q1’16 Q2’15 Q2’16 Q3’15 Q3’16 YTD Sep’15 YTD Sep’16 6.0% 4.7% 7.7% 6.0% Q3’15 8.8% Q3’16 5.3% 7.5% 5.4% YoY Net Profit -59.8% -80.3% -43.2% -53.3% 1,276 471 434
Slide 6: Group Consolidated Revenue Mix by Business
Group Consolidated Revenue Mix by Business SAR Mn Revenue Revenue YTD Sep'15 YTD Sep'16 47% 46% 53% 54% Foods Retail Foods Retail 6
Slide 7: Capital Expenditure by Segment
Capital Expenditure by Segment SAR Mn -26.5% 1,345 Savola Foods YoY +35.0% Panda 347 YoY -43.7% Head Office 989 YoY -80.7% 468 888 500 110 21 YTD Sep 2015 YTD Sep 2016 7
Slide 8: Group Consolidated Normalized Net Income Waterfall
YTD Sep 2015 reported NI SAR Mn 1,276 Capital gain on 265 sale of Packaging 96 SFC FX impact YTD Sep 2015 normalized NI 1,107 Net Income Waterfall YTD Sep 2016 513 reported NI Loss from 20 associate 91 SFC FX impact Group Consolidated Normalized -25.4% USD sourcing 134 SFC Pandati store 24 closures
Slide 9: Contents: Foods Highlights
Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 10
Slide 10: Savola Foods Financial Snapshot
Savola Foods Financial Snapshot Gross Net Revenue EBIT Profit Profit SAR Mn Q3 2,717 416 183 85 Sep 2016 +6.4% vs LY +1.6% vs LY -6.9% vs LY -23.8% vs LY YTD 8,640 1,321 613 276 Sep 2016 -4.1% vs YTD -4.8% vs YTD -12.0% vs YTD -33.6% vs YTD 11
Slide 11: Savola Foods Financial Highlights
Savola Foods Financial Highlights SAR Mn Growth Margin YoY Sales -4.1% -7.9% 9,010 8,640 -8.6% +6.4% 3,087 3,369 3,103 2,820 2,554 2,717 Q1’15 Q1’16 Q2’15 Q2’16 Q3’15 Q3’16 YTD Sep’15 YTD Sep’16 -4.8% YoY Gross Profit -6.1% -9.3% 1,389 1,321 +1.6% 439 540 507 399 409 416 Q1’15 Q1’16 Q2’15 Q2’16 Q3’1
Slide 12: Savola Foods Financial Highlights
Savola Foods Financial Highlights SAR Mn Growth Margin YoY EBITDA -9.3% -8.3% -14.3% 872 791 -5.2% 275 342 314 236 255 241 Q1’15 Q1’16 Q2’15 Q2’16 Q3’15 Q3’16 YTD Sep’15 YTD Sep’16 8.9% 8.4% 10.2% 10.1% 10.0% Q3’16 8.9% 9.7% 9.2% YoY Net Profit -33.6% -35.7% -23.8% 417 -40.7% 276 210 112 95 135 85 5
Slide 13: Savola Foods Revenue Breakdown by Category
Savola Foods Revenue Breakdown by Category SAR Mn -4.1% 9,010 Oil 8,640 Sugar Pasta 6,499 5,844 2,106 2,367 405 429 YTD Sep’15 YTD Sep’16 14
Slide 14: Savola Foods Volume Breakdown by Category
Savola Foods Volume Breakdown by Category 000 Tonnes +1.2% 2,482 2,511 Oil Sugar Pasta 1,114 1,238 1,177 1,057 187 220 YTD Sep’15 YTD Sep’16 15
Slide 15: Savola Foods Revenue Breakdown by Geography
Savola Foods Revenue Breakdown by Geography SAR Mn -4.1% 9,010 Morocco 2% 8,640 YoY +10% 5% 3% 4% 3% Sudan 4% YoY -49% 8% 7% Algeria YoY -2% 23% 22% Turkey YoY -8% Iran YoY -10% 19% 19% Egypt YoY -5% KSA YoY +6% 38% 42% YTD Sep’15 YTD Sep’16 16
Slide 16: Savola Foods Volume Breakdown by Geography
Savola Foods Volume Breakdown by Geography 000 Tonnes +1.2% 2,511 Morocco 2,482 YoY +11% 2% 2% 2% 2% 3% 4% Sudan 5% 4% YoY -4% Algeria 15% 14% YoY +15% Turkey YoY -7% 22% 22% Iran YoY -5% Egypt YoY +2% KSA YoY +2% 51% 52% YTD Sep’15 YTD Sep’16 17
Slide 17: Contents: Retail Highlights
Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 18
Slide 18: Panda Financial Highlights
Panda Financial Highlights Store Gross Net Revenue Openings / Profit Income (closures) SAR m Q3 3,175 742 -131 4 O4 Super Sep 2016 +2.7% vs. LY -10.6% vs. LY NA vs. LY C (41) Pandati YTD 10,320 2,349 -233 16 O 3 C (0) Hyper O 12 C (2) Super Sep 2016 +2.5% vs. YTD -0.6% vs. YTD NA vs. YTD O 1 C (101)
Slide 19: Panda Financial Highlights
Panda Financial Highlights SAR Mn Growth Margin YoY Sales 2.5% +2.5% +2.4% +2.7% 10,066 10,320 3,192 3,271 3,782 3,874 3,092 3,175 Q1’15 Q1’16 Q2’15 Q2’16 Q3’15 Q3’16 YTD Sep’15 YTD Sep’16 -0.6% YoY Gross Profit +14.5% -3.8% -10.6% 2,364 2,349 720 824 813 782 830 742 Q1’15 Q1’16 Q2’15 Q2’16 Q3’15 Q3
Slide 20: Panda Financial Highlights
Panda Financial Highlights SAR Mn Growth Margin YoY EBITDA -62.4% -66.6% +1.7% 425 162 153 110 112 160 51 -3 Q1’15 Q1’16 Q2’15 Q2’16 Q3’15 Q3’16 YTD Sep’15 YTD Sep’16 3.5% 3.4% 4.0% 1.3% 5.3% -0.1% 4.2% 1.5% YoY NI 118 18 48 51 -21 -80 -131 -233 Q1’15 Q1’16 Q2’15 Q2’16 Q3’15 Q3’16 YTD Sep’15 YTD Sep
Slide 21: Number of Stores by Quarter
Number of Stores by Quarter Includes 1 Includes 1 Super in Egypt Super Hyper in UAE Hyper 162 152 4 4 2 4 64 67 0 3 0 0 Includes 1 store opening in Egypt 2015 Q1’16 Q2’16 Q3’16 Closures YTD’16 2015 Q1’16 Q2’16 Q3’16 ClosuresYTD’16 Selling Area Selling Area Pandati 747,544 m2 Total 755,986 m2 498 4 5
Slide 22: Contents: Appendix
Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 23
Slide 23: Quarterly Financials – YTD 2016
Quarterly Financials – YTD 2016 (all figures are in SAR millions) Segment Wise Financials YTD- 2016 YTD- 2015 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Savola Foods Oil-Mature Markets 5,029 975 514 326 582 5,463 1,029 597 415 661 Oil-Start-up Markets* 81
Slide 24: Quarterly Financials – Q3 2016
Quarterly Financials – Q3 2016 Savola 25
Slide 25: Thank you
Thank you www.savola.com 26