Carlsberg Brewery Malaysia Bhd. · MYX:CARLSBG

Carlsberg Brewery Malaysia Bhd — FY2010 Earnings Presentation

25 slides from Carlsberg Brewery Malaysia Bhd's earnings presentation, Feb 25, 2011

  1. Slide 1: Financial Results 4th Quarter 2010 & FY 2010

    Financial Results 4th Quarter 2010 & FY 2010 Soren Ravn Managing Director 25 Feb 2011

  2. Slide 2: Agenda

    1. 2010 Performance Overview 2. Key Developments in 2010 3. Q4 & FY 2010 Financial Results 4. Outlook 2011 Carlsberg Presentation Title – date month year (e.g. 23 September 2009) – Month/Day/Year Page 2

  3. Slide 3: 2010: A good year with strong growth

    2010: A good year with strong growth  Positive consumer demand  Strong productivity & execution improvements  Strong performance and synergies from CSPL  Fierce competition and value pressure from customers Page 3

  4. Slide 4: Positive full year performance 2010

    Positive full year performance 2010 +75.1% +74.8% +30.9% REVENUE PAT EPS

  5. Slide 5: Key Developments in 2010

    1. 2010 Performance Overview 2. Key Developments in 2010 3. Q4 & FY 2010 Financial Results 4. Outlook 2011 Carlsberg Presentation Title – date month year (e.g. Page235 September

  6. Slide 6: Recap: Key focus in 2010

    Recap: Key focus in 2010  Further development of portfolio selling activities  Carlsberg beer as the crown jewel  Supported by LHFB imported beer portfolio  Integration of Singapore operations  Operational improvements through commercial Must Win Battles  Continued focus on value and cash mana

  7. Slide 7: A full year filled with exciting activities, started with CNY festive campaign in Q1

    A full year filled with exciting activities, started with CNY festive campaign in Q1 JAN FEB MAR Carlsberg Gold Key-Chain Promo Tuborg Modern Trade Promo Sponsorship: Malaysia Open CNY Media Campaign + On-Ground Activation

  8. Slide 8: … impactful World Cup campaign in Q2…

    … impactful World Cup campaign in Q2… World Cup 2010 Campaign + Through-the-line activation Carlsberg Gold thematic campaign + Gold Key BPL Viewing Party Chain promo APR MAY JUN East MY: Gawai & Harvest Festival Print Ads + Redemption promo DRS thematic campaign + Lighter promo Carlsberg Special Bre

  9. Slide 9: … well-received Royal Stout & Carlsberg Gold campaign in Q3 …

    … well-received Royal Stout & Carlsberg Gold campaign in Q3 … Carlsberg Gold Thematic Ad & Redemption Promotion + Gold Nights World Cup 2010 Campaign + Through- the-line activation JULY AUG SEPT Nutrimalt Raya Consumer Promo DRS thematic campaign + East MY MONT: FOC 2- Lighter promo in-1 Fridge Magn

  10. Slide 10: … and impactful redemption program in Q4

    … and impactful redemption program in Q4 which received over-whelming response TONT: MOFT: MONT: Post-Budget Free Beer Glass BPL Glassware Christmas Thematic Redemption Promo Promo & Activation Promo Promo OCT NOV DEC MONT: MONT & MOFT: Launch of Corona promo K1664 + FOC waterproof Bucket GWP beach

  11. Slide 11: Zooming into World Cup…

    Zooming into World Cup… +100 More than 100 press coverage +400 2 Carlsberg Tour Buses + 50 cheerleaders visited >400 bars & eateries +1,000 More than 1,000 viewing parties organized across the country +25,000 More than 25k glasses of Carlsberg beer consumed at the World Cup Finals Street Viewing Par

  12. Slide 12: Carlsberg – the Preferred Brand in Malaysia - maintains its momentum

    Carlsberg – the Preferred Brand in Malaysia - maintains its momentum Top of Mind Putra Brand Awards 53% 2010 - GOLD 51% Preferred Brand 51% 49% Readers Digest Gold Award – Most Trusted Beer Brand Brand Consumed Most Often 54% 50% 2009 2010 Page 12 Source: Millward Brown Beer Tracker 09/10

  13. Slide 13: LHFB appointed sole distributor of imported Asahi Super Dry beer

    LHFB appointed as the sole distributor of imported Asahi Super Dry beer, the top-selling Japanese beer brand Page 13

  14. Slide 14: Kronenbourg 1664 introduced to strengthen premium portfolio

    Kronenbourg 1664 introduced to further strengthen our premium portfolio Page 14

  15. Slide 15: Developing our People has also been one of our key focuses in 2010

    Developing our People has also been one of our key focuses in 2010  National Sales Convention  Continuous Improvement work culture  Team Building Sessions  Asia Leadership Academy  Carlsberg Accelerated Leader Development Program Page 15

  16. Slide 16: Continuous Corporate Responsibility efforts

    Continuous Corporate Responsibility efforts to build strong platform for further growth in a sustainable environment  Top Ten community programme for the development of schools  Raised RM12 plus million in 2010, a total of RM348 million in last 24 years  2 Malaysian Book of Records awards  Exten

  17. Slide 17: Q4 & FY 2010 Financial Results

    1. 2010 Performance Overview 2. Key Developments in 2010 3. Q4 & FY 2010 Financial Results 4. Outlook 2011 Carlsberg Presentation Title – date month year (e.g. 23 September 2009) – Month/Day/Year Page 17

  18. Slide 18: Income Statement for Q4 2010

    Income Statement for Q4 2010 % Q4 2010 Q4 2009 % RM’000 Q4 2010 Q4 2009 (excl. (excl. Chng CSPL) CSPL) Chng Revenue 326,057 300,396 9% 262,048 258,043 2% Operating expenses (287,288) (276,960) -4% (235,891) (235,893) 0% Other operating income 696 2,806 -75% 510 2,608 -80% Operating Profit 39,465 26,

  19. Slide 19: Income Statement for FY 2010

    Income Statement for FY 2010 YTD % YTD 2010 YTD 2009 % RM’000 YTD 2010 (excl. (excl. 2009 Chng CSPL) CSPL) Chng Revenue 1,368,158 1,045,483 31% 1,104,856 1,003,129 10% Operating expenses (1,195,561) (951,316) -26% (984,076) (910,248) -8% Other operating income 1,989 3,057 -35% 1,441 2,859 -50% Opera

  20. Slide 20: Balance Sheet and Cash Flow - 31 Dec 2010

    Balance Sheet and Cash Flow - 31 Dec 2010 RM’000 2010 2009 Balance Sheet: Non-current Assets 576,926 545,884 Cash and Cash Equivalents 101,202 118,585 Other Current Assets 260,743 280,643 Total Assets 938,871 945,112 Equity 588,757 516,611 Liabilities 350,114 428,501 Total Equity & Liabilities 938,8

  21. Slide 21: Dividend Payment History (2000 – 2010)

    Dividend Payment History (2000 – 2010) Special Final Special Interim 0.60 Special 0.58 0.55 Interim 0.50 Final 0.50 0.45 Rate per share (RM) 0.40 0.40 0.38 0.38 0.38 0.38 0.38 0.35 0.430 0.35 0.375 0.30 0.270 0.25 0.250 0.250 0.250 0.250 0.250 0.225 0.23 0.20 0.105 0.15 0.13 0.025 0.10 0.050 0.050 0

  22. Slide 22: Outlook 2011

    1. 2010 Performance Overview 2. Key Developments in 2010 3. Q4 & FY 2010 Financial Results 4. Outlook 2011 Carlsberg Presentation Title – date month year (e.g. 23 September 2009) – Month/Day/Year Page 22

  23. Slide 23: We started Year 2011 on positive note…

    We started Year 2011 on positive note…  Impactful CNY “Happiness” campaign  Performance on target as planned  Carlsberg continues to be the preferred brand - positive increase in volume vs. LY Page 23

  24. Slide 24: 2011 will be an exciting but challenging year

    2011 will be an exciting but challenging year  Positive consumer sentiment  No increase in excise duty in 2011  Exciting news on Carlsberg brand  Strong momentum for premium beer – Rising raw material costs and operating cost inflation – Value pressure from customers Page 24

  25. Slide 25: Thank You

    alaysia THANK YOU

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