Jb Foods Ltd. · SGX:BEW
Jb Foods — Shareholder Meeting (April 2015)
14 slides from Jb Foods's shareholder meeting presentation, Apr 30, 2015
Slide 1: FY2014 Shareholders' Presentation AGM
FY2014 Shareholders’ Presentation AGM 30 April 2015 1
Slide 2: Industry Review
Industry Review FY2014 was a challenging year as JB Foods’ business was affected by the following factors: 2
Slide 3: Industry Review: Cocoa bean price
Industry Review Cocoa bean price (Jan 2012 to Mar 2015) 3
Slide 4: Financial Highlights
Financial Highlights FY2014 revenue grew 19.5% y-o-y (From RM611.2m to RM730.2m) FY2014 gross loss reduced 57.5% y-o-y (From -RM38.7m to -RM16.5m) Loss before tax reduced by RM23.3m (From -RM67.9m to -RM44.6m) Shareholders’ equity position strengthened by S$28.8m rights issue Healthy net g
Slide 5: Profit & Loss Review
5 Profit & Loss Review RM (Million) 2014 2013 % Change Flat sales volume Revenue 730.2 611.2 19.5 Gross Loss before inventory written- (10.3) (15.5) (33.5) down Inventory write-down reduced by RM17.0m Inventory written-down (6.2) (23.2) (73.3) Gross Loss after inventory written- (16.5) (38.7) (5
Slide 6: Balance Sheet Review
6 Balance Sheet Review RM (Million) 31-Dec-14 31-Dec-13 Inventory and bank borrowings Non-current assets 124.7 115.5 increased due to higher bean price Current assets 486.0 371.7 - Inventories 247.3 202.4 - Trade receivables and others 126.4 103.8 Shareholders’ equity position - Cash and cash eq
Slide 7: Cash Flow Review
7 Cash Flow Review RM (Million) FY2014 FY2013 Negative operating cash Cash used in operating activities (80.9) (117.2) flow resulted from net loss of RM44.6m and - Operating cash (23.5) (27.7) higher working capital - Change in working capital (57.4) (89.5) requirements Cash used in investing acti
Slide 8: Strengthening our Business Foundation
Strengthening our Business Foundation Future Growth • Strengthened balance sheet - S$28.8m rights issue Financial • Focused on operational cost optimisation and loss reduction Sales & Marketing • Incorporated subsidiaries in USA and Indonesia to enhance direct marketing & sales Network • Acquired PT
Slide 9: Industry Outlook
Industry Outlook Short term - Poor/negative processing margins Positive industry profitability - Driven by demand growth and supply consolidation 9
Slide 10: Share Price vs NTA/share
Share Price vs NTA/share Current share price trading below NTA/share Pro-forma (acquisition 31 Dec 2014 included) Outstanding shares 720 million 758 million NTA/Share SGD0.109 SGD0.117 Current share price* SGD0.099 SGD0.099 % Discount to NTA 9.2% 15.4% Fixed Assets/MT Bean US$354/MT US$390/MT Equiv
Slide 11: Our Cocoa Processing Factories
Our Cocoa Processing Factories Indonesia Factory Malaysia Factory State-of-the-art 60,000mt bean State-of-the-art 85,000mt bean equivalent processing facility equivalent processing facility Able to process cocoa beans into Able to process cocoa beans into 11 liquor, butter and cake liquor, butte
Slide 12: Our Products
Our Products Cocoa Beans Cocoa Liquor/Mass Cocoa Cake Cocoa Butter Cocoa Powder 12
Slide 13: Our Customers
S Our Customers >» MARS Mondeléz, International meiji HERSHEY'S Chocolate Wor =
Slide 14: Thank You
Thank You 14