Grupo Nutresa S.a. · BVC:NUTRESA
Grupo Nutresa — Q1 2020 Earnings Presentation
18 slides from Grupo Nutresa's earnings presentation, May 2020
Slide 1: Grupo Nutresa Results 1Q 2020
GRUPO NUTRESA Grupo Nutresa Results 1Q 2020
Slide 2: Highlights – Grupo Nutresa commemorates its first 100 years
HIGHLIGHTS– GRUPO NUTRESA COMMEMORATES ITS FIRST 100 YEARS 2
Slide 3: Highlights – New members of our Board of Directors
HIGHLIGHTS– NEW MEMBERS OF OUR BOARD OF DIRECTORS Re-elected Members 2020-2021 Period Valeria Arango V. Juana Francisca Llano C. Ricardo Jaramillo M. Physician specialized in CEO CFO Integrative Medicine Suramericana de Seguros S. A. Grupo de Inversiones Suramericana S. A. Education and Previous Exp
Slide 4: Our priorities in response to COVID-19
OUR PRIORITIES IN RESPONSE TO COVID-19 Caring for the health and Responsible management of Contributing towards the wellbeing of our people and Ensuring food supply our communities resources – Cash Flow solution In alliance with public and We are managing the current Our teams are strongly Maintaini
Slide 5: Our defensive attributes to navigate these circumstances
OUR DEFENSIVE ATTRIBUTES TO NAVIGATE THESE CIRCUMSTANCES Ability to continue generating Commodity diversification and Capillar distribution network top line growth structural hedging practices • Diversified & convenient value-added • Diversified cost structure: no commodity • 1,4 million points of s
Slide 6: Our defensive attributes to navigate these circumstances
OUR DEFENSIVE ATTRIBUTES TO NAVIGATE THESE CIRCUMSTANCES On-course productivity and Capital Structure and FX risk CapEx Optimization efficiency programs management • Tightening productivity & efficiency • Moderate leverage with no FX risk on • Sufficient manufacturing and logistical programs to miti
Slide 7: Defensive portfolio in current business environment
DEFENSIVE PORTFOLIO IN CURRENT BUSINESS ENVIRONMENT By Business Unit By Distribution channel Sensitive in current environment Industrial Defensive in current environment Insitutional 3,8% 4,3% Restaurants Modern Channel 8,2% 24,0% Alternative 9,5% Mom and Pop 50,2% of sales have a defensive portfoli
Slide 8: Colombia & International Sales 1Q2020
COLOMBIA & INTERNATIONAL SALES 1Q2020 + 14,2% Colombia sales 456,1 Q: + 13,2% SALES PER COP 1.626,6 + 15,5% P: + 3,5% * BUSINESS UNIT Billion COP + 11,3% + 6,7% 244,1 251,2 + 10,4% Percentage variation in volume (Q) and prices - 1,9% + 11,2% + 22,5% 170,0 (P) Organic 125,5 124,7 Billion COP 93,9 % c
Slide 9: Sales Total 1Q2020
SALES TOTAL 1Q2020 Sales total SALES PER COP 2.659,3 + 18,4% + 16,4% BUSINESS UNIT Billion COP + 15,2% 532,8 506,8 Organic + 6,5% + 51,4% COP 2.537,0 + 13,0% 399,9 Billion COP 380,7 + 1,0% 261,1 + 1,8% Billion COP 189,3 + 11,2% + 23,0% 124,7 95,0 Biscuits Cold cuts Chocolates Coffee TMLUC Retail Foo
Slide 10: Sales by Region
SALES BY REGION 2020 United States Dominican Republic and the Carribbean 11,6% 1,7% Mexico Venezuela 2,9% 61,2% Colombia Central America 10,3% Peru 38,8% 1,5% International Colombia Chile 61,2% 7,2% Ecuador 1,3% Other 2,3% Convention Production Distribution Services 10
Slide 11: Raw Materials
RAW MATERIALS Commodities Index Cogs Breakdown Grupo Nutresa (ICGN) 2020 ICGN - MERCADO 172 1,3% Poultry 2,7% Milk 152 2,7% Beef 144 132 3,6% Oils & Fats 113 4,5% Sugar Other 40,8% 112 112 5,5% Cocoa 107 113 5,9% Wheat 92 95 82 7,2% Pork 86 87 87 86 78 Pack. Mat. 14,6% 82 72 11,2% Coffee 2009 2010 2
Slide 12: EBITDA 1Q2020
EBITDA 1Q2020 EBITDA EBITDA PER COP 376,1 + 17,5% 13,8% 14,8% BUSINESS UNIT Billion COP + 15,3% + 29,8% 16,8% Margin 73,7 74,9 14,5% + 156,7% 14,1% - 8,1% 63,9 57,8 12,2% 16,8% - 16,4% - 24,1% 16,9% Billion COP 31,9 31,9 + 31,7% 13,5% 21,1 + 18,7% 12,8 Biscuits Cold cuts Chocolates Coffee TMLUC Reta
Slide 13: Income Statement 1Q2020
INCOME STATEMENT 1Q2020 2020 1Q % Revenues 2019 1Q % Revenues % Var. Continuing operations Operating revenue 2.659.333 2.245.742 18,4% Cost of goods sold (1.526.792) -57,4% (1.253.514) -55,8% 21,8% Gross profit 1.132.541 42,6% 992.228 44,2% 14,1% Administrative expenses (118.843) -4,5% (104.388) -4,
Slide 14: Consolidated Net Debt
CONSOLIDATED NET DEBT 3.500 2.808 2.906 2.961 Billion COP 3.000 2.596 2.709 2.441 2.500 2.000 1.752 1.581 1.500 1.000 500 0 Dec-13 Dec-14* Dec-15* Dec-16* Dec-17* Dec-18* Dec-19* Mar-20* Net debt 1.581 1.752 2.808 2.906 2.596 2.441 2.709 2.961 Net debt / EBITDA 1,90 2,10 2,88 2,82 2,49 2,17 2,27 2,3
Slide 15: Contact
CONTACT Catherine Chacón Navarro Investor Relations Director e-mail: cchacon@gruponutresa.com Tel: (+574) 325 8731 www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": http://www.gruponutresa.com/es/c
Slide 16: Financial Position – Assets
FINANCIAL POSITION 2020 March 2020 December 2019 % Var. ASSETS Current assets Cash and cash equivalents 578.829 497.947 16,2% Trade and other receivables, net 1.355.381 1.166.248 16,2% Inventories 1.321.073 1.248.128 5,8% Biological assets 96.842 96.632 0,2% Other assets 356.174 251.397 41,7% Non-cu
Slide 17: Financial Position – Liabilities
FINANCIAL POSITION 2020 March 2020 December 2019 % Var. LIABILITIES Current liabilities Financial obligations 464.550 527.196 -11,9% Right-of-use liabilities 145.747 147.242 -1,0% Trade and other payables 1.341.476 1.235.133 8,6% Tax charges 235.930 214.542 10,0% Employee benefits liabilities 160.00
Slide 18: Disclaimer
DISCLAIMER This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company´s management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason