United Breweries Limited · NSE:UBL
United Breweries — FY2006 Earnings Presentation
10 slides from United Breweries's earnings presentation, May 2006
Slide 1: United Breweries Limited Year Briefing April 05 - March 06
United Breweries Limited Year Briefing – April 05- March 06 May 2006 Presentation
Slide 2: Key Highlights – 12 months
Key Highlights – 12 months Volume growth of 19% and 22% in UBL & in the combined business respectively and continues to outperform the industry Record sales for Kingfisher lager >20m Kingfisher strong reaches No1 position in strong beer segment, sales >17m Out beats Industry growth of 14% (1
Slide 3: Summary P & L
Summary P & L Realisation increase Profitability Statement Year ended Year ended Rs.16.46 cr 3% United Breweries Limited 31.3.2006 31.3.2005 In rupees crore Unaudited Audited Income Volume Increase Net Sales/ Income from operations 580.48 429.25 Rs.55.97 cr Other Income 15.09 24.66 10% Total Income
Slide 4: Summary Balance Sheet
Summary Balance Sheet UBL As at As at COMBINED BUSINESS Rupees Million 31.3.06 31.3.05 31.3.06 31.3.05 Sources Share Holders Funds 5,380 2,521 2,436 (503) Loan Funds 2,409 2,803 5,474 5,831 Total Sources 7,790 5,324 7,910 5,328 Application Fixed Assets 1,140 1,138 3,433 2,834 Investments 2,695 1,465
Slide 5: Key Ratios
Key Ratios UBL As at As at COMBINED BUSINESS Rupees Million 31.3.06 31.3.05 31.3.06 31.3.05 Debt incl. guarantee 2,747 3,341 5,474 5,831 Net Worth 5,380 2,521 2,436 (503) GEARING 0.51 1.33 2.25 PBIDT 1,148 566 1,231 298 Interest 219 208 525 509 INTEREST COVER 5.25 2.72 2.34 0.59 Capital Employed 7,8
Slide 6: Key Drivers of Performance
Key Drivers of Performance Volume growth Implementation of price increase in key states Reduction in cost of sales driven by bottle cost Synergized operation between UBL & MAL
Slide 7: Growth Chart
Growth Chart UB vs Industry 25% 19% 20% 20% 14% 15% Industry Growth % 10% 10% UB 9% 9% 9% 10% Combined 5% 3% 0% 2005-06 2004-05 2003-04
Slide 8: Market Share
Market Share Market Share in % UBL Combined 2004-05 2005-06 2004-05 2005-06 Overall 38% 40% 48% 50% Mild 65% 67% 70% 71% Strong 23% 27% 35% 39%
Slide 9: Average Realization and Cost of sales
Average Realization and Cost of sales Sales Realization Cost Index Realization drivers: • Andhra – Price revision after 7 140 years 120 123 • Kerala – Price revision after 4 years 109 • Delhi – Matched Kerala prices 100 100 • Rajasthan – Auction market to 80 Govt. distribution, policy changes 60 63
Slide 10: Thank You
Thank You