Slide 1: Investor Presentation
INVESTOR PRESENTATION September 2018
Slide 2: Agenda
AGENDA OVERVIEW H1 2018 HIGHLIGHTS STRATEGY PROGRESS UPDATE SUMMARY 2
Slide 3: Overview
OVERVIEW Diversified international Group with 80,000 employees World’s second largest private producer of tea Businesses in Asia, Africa, South America, Europe and US Principal activity is emerging market bearer crop agriculture Additional activities in engineering, food service and invest
Slide 4: H1 2018 Group Highlights
H1 2018 GROUP HIGHLIGHTS Strong financial, operational and strategic progress Profits well ahead in seasonally lower first half Significant investment in Agriculture for the short, medium and long term Portfolio refinement continues Interim dividend up 8% Closure of Duncan Lawrie complet
Slide 5: H1 2018 Highlights: Agriculture
H1 2018 HIGHLIGHTS Agriculture Tea: group production higher than in H1 2017, H1 average prices have held up but since half year significant pricing pressure in Kenya Macadamia: production significantly higher than H1 2017, prices held up since Avocado: volumes and average prices above H1 2017,
Slide 6: H1 2018 Highlights: Engineering, Food service, Investments
H1 2018 HIGHLIGHTS Engineering A JT’s business improving with recovery of oil industry and growth of site services Amfin and Atfin traded ahead of H1 2017 Food service ACS&T trading well; sales slightly above H1 2017, but lower margins due to business mix Jing Tea trading in line with expect
Slide 7: Key Financial Metrics
KEY FINANCIAL METRICS Sales from continuing operations £127.6m (H1 2017: £123.6m) Profit before tax from continuing operations £6.1m (H1 2017: £1.9m) EPS from continuing operations 29.0p (H1 2017: (39.8)p) Interim DPS 40p (H1 2017: 37p) (ex-dividend 6 Sept 2018 and payment date 5 Oct 2018)
Slide 8: Strategy Progress Update
STRATEGY PROGRESS UPDATE Continuing to refine portfolio of companies Management buyout of GU now complete and BMT management buyout underway Completed purchase of Jing Tea in H1 2018 Acquisition of Black Gold Oil Tools by A JT Significant short, medium and long term investments in Agricult
Slide 9: Summary
SUMMARY Strong financial, operational and strategic progress Given the majority of trading takes place in H2, it is not easy to give guidance for the full year but we are optimistic following the encouraging H1 result Portfolio refinement continues Significant investment focused on long term
Slide 10: Appendix
APPENDIX @3) CAMELLIA PLC 10
Slide 11: Income Statement
INCOME STATEMENT £ ‘m 6 months to June18 6 months to June17 Revenue 127.6 123.6 Gross profit 27.3 21.5 Profit before tax from continuing operations 6.1 1.9 Tax (2.1) (1.4) Profit for the year from continuing operations 4.0 0.5 (Loss)/profit from discontinued operation (0.3) 15.8 Profit/(loss) for th
Slide 12: Balance Sheet
BALANCE SHEET £ ‘m 30 June 18 30 June 17 Non-current assets Intangible assets 8.3 1.0 Property, plant and equipment 219.9 223.5 Investment properties 17.7 17.9 Biological assets 12.3 12.8 Investment in associates (incl BF&M) 57.2 59.6 Available for sale financial assets - 41.3 Financial assets 50.8
Slide 13: Balance Sheet
BALANCE SHEET £ ‘m 30 June 18 30 June 17 Current liabilities Borrowings (4.0) (3.9) Trade and other payables (61.0) (56.6) Tax, pensions and other provisions (23.0) (19.4) Non-current liabilities Borrowings (3.7) (4.3) Deferred tax (40.8) (39.3) Employee benefit obligations (18.3) (50.0) Net assets
Slide 14: Cash Flow
CASH FLOW 6 months to 6 months to £ ‘m June18 June17 Cash generated from operations 6.4 (0.1) Tax, interest paid and interest received (3.7) (2.4) Net cash flow from operations 2.7 (2.5) Net cash flow from investing activities (17.2) (5.2) Net cash flow from financing activities (2.2) (1.3) Net decr