Centrale Del Latte D'italia S.p.a. · MIL:CLI

Centrale Del Latte D'italia — Centrale del Latte di Torino & C. — FY2003 Earnings Presentation

22 slides from Centrale Del Latte D'italia's earnings presentation, Feb 26, 2004

  1. Slide 1: Analyst Presentation

    ANALYST PRESENTATION Milan, 26th February 2004

  2. Slide 2: Mission

    Mission The mission of Centrale del Latte di Torino & C. S.p.a. is to provide the highest quality milk and milk-derivatives products to the Italian market, developing and strenghthening its role as an interregional pole placed amongst the big leading groups and the large number of small local operat

  3. Slide 3: Shareholder structure

    Shareholder structure REFIN S.S. FAM. RESTANO 1% 1% FINANZIARIA CLTO S.P.A. UNIPLAN 51% 12% MERCATO 35% 99,98% 40% 82% * 40% GPP Genova * Indirect shareholding Pasta e Pesto S.p.a.

  4. Slide 4: Geographic coverage

    Geographic coverage Vicenza Torino Carmagnola Rapallo Bardineto

  5. Slide 5: Strategies and goals for 2004

    Strategies and goals for 2004 9 REVENUES GROWTH BY INTERNAL LINES (NEW PRODUTCS LAUNCH AND NEW MARKETS BREAK-IN) 9 PRODUCTIVITY IMPROVEMENT AT DIFFERENT LEVELS OF THE PRODUCTION, COMMERCIAL AND DISTRIBUTION PROCESS 9 GROUP EFFICIENCY ENHANCEMENT (SINERGIES DEVELOPEMENT AND COST RESTRUCTURING)

  6. Slide 6: Market trend

    Market trend 9 MILK PRODUCER - PRICE TREND 9 MILK CONSUMER - PRICE TREND 9 REGULATIONS ASPECTS

  7. Slide 7: Market trend

    Market trend January – December 2003 Italian market Piedmont Liguria Veneto VALUES VOLUMES VALUES VOLUMES VALUES VOLUMES VALUES VOLUMES FRESH MILK +6.4% +0.9% +3.6% -0.6% +3.1% +0.0% +4.9% +1.1% UHT MILK +2.5% +1.2% -3.5% -0.8% +6,5% -0.2% +1.4% +0.2% TOTAL MILK +4.7% + 1.1% -0.1% -0.7% +3.8% -0.1%

  8. Slide 8: Market share by geographic area

    Market share by geographic area FRESH MILK: percentage data - year 2003 Percentages refer to family consumption value ITALY 100% = total commercialized Others 35,9% Granarolo 24,4% Newlat Parmalat 1,6% CLT Group* 34,1% 4,0% Source: IHA Italy – December 2003 * = Company estimates + IHA Italy data – D

  9. Slide 9: Market share by geographic area

    Market share by geographic area FRESH MILK: percentage data – year 2003 Percentages refer to family consumption value PIEDMONT LIGURIA VENETO 100% = tot. commercialized 100% = tot.commercialized 100% = tot. commercialized Others Others Others Granarolo 41,0% 24,0% 37,8% 12,3% Abit 24,7% Granarolo 10

  10. Slide 10: Market share by geographic area

    Market share by geographic area UHT MILK: percentage data - year 2003 Percentages refer to value data ITALY 100% = total commercialized Others 26,8% Parmalat 33,9% Granarolo 17,0% CLT Group* Sterilgarda 2,5% 3,5% Private Label Newlat 12,4% 3,9% Source: IRI Italy (Discount excluded) – * = Company est

  11. Slide 11: Market share by geographic area

    Market share by geographic area UHT MILK: percentage data - year 2003 Percentages refer to value data PIEDMONT LIGURIA VENETO 100% = tot. commercialized 100% = tot.commercialized 100% = tot. commercialized Others Parmalat Parmalat 24,6% 22,0% Others Parmalat 41,1% Others 27,9% 34,0% 18,5% Granarolo

  12. Slide 12: Market share by geographic area

    Market share by geographic area YOGURT: percentage data - year 2003 Percentages refer to family consumption value ITALY 100% = total commercialized Parmalat CLT Group * 6,6% 1,4% Muller Others 15,4% 23,8% Private Label 7,1% Granarolo 3,9% Yomo Danone 11,9% 29,9% Source: IHA Italy – December 2003 * =

  13. Slide 13: Market share by geographic area

    Market share by geographic area YOGURT: percentage data - year 2003 Percentages refer to family consumption value PIEDMONT LIGURIA VENETO 100% = tot. commercialized 100% = tot.commercialized 100% = tot. commercialized CLT Group* Muller Muller CLT Group Parmalat 2,4% CLT Group* 13,3% Private Label 21

  14. Slide 14: Consolidated revenues break-down

    Consolidated revenues break-down Revenues break-down by product category 31/12/2001* 31/12/2002** 31/12/2003** Other packed Other packed Other packed products products products Unpacked milk 20,2% & cream 21,4% 22,5% Unpacked milk Unpacked milk 3,2% & cream & cream Yogurt 2,4% 2,5% 2,8% Yogurt Yogur

  15. Slide 15: A complete range of fresh products /1

    A complete range of fresh products /1 Quality for us is “Centrale” MILK YOGURT CHEESE

  16. Slide 16: A complete range of fresh products /2

    A complete range of fresh products /2 Quality for us is “Centrale” SALADS AND VEGETABLES FRESH PASTA ORGANIC PRODUCTS

  17. Slide 17: Consolidated economic & financial data /1

    Consolidated economic & financial data/1 Data in Euro million VALUE OF THE PRODUCTION 96,4 92,4 63,2 31 12 01 31 12 02 31 12 03 EBITDA 10,3 7,0 5,1 31 12 01 31 12 02 31 12 03 2001, 2002 and 2003 data as for consolidated financial statement of Centrale del Latte di Torino & C. S.p.A.

  18. Slide 18: Consolidated economic & financial data /2

    Consolidated economic & financial data/2 2001, 2002 and 2003 data as for consolidated financial statement of Centrale del Latte di Torino & C. S.p.A. 5.7 EBIT (*) 1.2 1.4 1.7 4.5 0.8 1.2 0.6 0.5 31 12 01 31 12 02 31 12 03 4.5 1.2 PRE-TAX PROFIT (*) 0.6 0.4 3.3 31 12 01 31 12 02 31 12 03 (*) The cons

  19. Slide 19: Consolidated economic & financial data /3

    Consolidated economic & financial data/3 2001, 2002 and 2003 data as for consolidated financial statement of Centrale del Latte di Torino & C. S.p.A. EBITDA/SALES EBIT/SALES (*) 10.8% 5.9% 8.1% 7.6% 2.2% 1.8% 31 12 01 31 12 02 31 12 03 31 12 01 31 12 02 31 12 03 EBIT/CAPITAL EMPLOYED (*) DEBT/EQUITY

  20. Slide 20: Consolidated economic & financial data /4

    Consolidated economic & financial data/4 2001, 2002 AND 2003 CONSOLIDATED PROFIT AND LOSS (Euro/million) 31.21.2001 31.12.2002 31.12.2003 Revenues 62,71 92,05 95,65 Inventory variation 0,09 (0,32) 0,02 Other revenues 0,43 0,63 0,69 Row material consumption (36,78) (53,56) (53,56) Services (14,22) (2

  21. Slide 21: Consolidated economic & financial data /5

    Consolidated economic & financial data/5 CONSOLIDATED BALANCE SHEET AS OF 31 DECEMBER 2001, 2002 AND 2003 (Euro/million) 31.12.2001 31.12.2002 31.12.2003 Cash and Bank deposits 9,32 1,21 7,59 Other securities (non assets) 6,85 0,00 0,00 Company's own shares 0,38 0,34 0,78 Receivables 17,99 29,58 26,

  22. Slide 22: Contacts

    Contacts Luigi Luzzati Presidente Centrale del Latte di Torino & C. S.p.A. Vittorio Vaudagnotti Investor Relator Via Filadelfia, 220 The Company Tel. +39 011 3240215 10137 Torino Fax +39 011 3240300 www.centralelatte.torino.it vaudagnotti@centralelatte.torino.it Banca Intermobiliare di Investimento

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