Tanmiah Food Company · TADAWUL:2281
Tanmiah Food — H1 2024 Earnings Presentation
17 slides from Tanmiah Food's earnings presentation, 2024
Slide 1: Earnings Presentation 1H2024
Earnings Presentation 1H2024 * Paty IZ TANMIAH CZ
Slide 2: Disclaimer
CLOW! TANMIAH DISCLAIMER This presentation has been prepared solely for use as an investor presentation for Tanmiah Food Company (the “Company”). By attending or by reading this presentation, you agree to be bound by the following limitations. The information contained in this presentation is for ba
Slide 3: Table of Contents
TABLE OF Key Highlights Financial Overview Outlook and Key TANMIAH Takeaways
Slide 4: 01 Key Highlights
O1 | Key Highlights
Slide 5: 1H 2024 and 2Q 2024 Key Highlights
+24% 25% +18% +58% 1H 2024 YoY revenue growth, Gross Profit Margin Fresh Poultry revenue Animal Feed & Veterinary to SAR 1,221 mn growth Services revenue growth +28% 26% 535,000 bpd +111% YoY revenue growth, +7% YTD growth in daily YoY net profit growth, Gross Profit Margin to SAR 640 mn poultry pro
Slide 6: Tanmiah Sustainability Achievements
OL04UI Tanmiah Sustainability Achievements Improved Rating on MSCI by gaining significantly in Packaging material, waste and Product safety & quality and Governance MSCI h b n r nee Bw Os & April 2024 as been ou “A OBOR SS ~) guiding compass on International nt se I Standards on ESG._ ....” mi All o
Slide 7: MSCI Focus Area Initiatives
MSCI Focus Area Initiatives 7 7
Slide 8: 02 Financial Overview
Oo2 | Financial Overview
Slide 9: Revenue by segment 1H24 vs 1H23
1H23 1H24 4% 5% 12% 16% 84% 80% Fresh poultry Animal Feed and Vet Franchising ▪ ▪ ▪
Slide 10: 5.0% -10.0% 5.0% -10.0% -25.0% -40.0% -25.0% -40.0% -55.0% -70.0% -55.0% -70.0% 240 -85.0%
360 65 80 290 320 240 280 5.0% -10.0% 5.0% -10.0% -25.0% -40.0% -25.0% -40.0% -55.0% -70.0% -55.0% -70.0% 240 -85.0% -100.0% -85.0% -100.0% -115.0% -130.0% -115.0% -130.0% 190 200 -145.0% -160.0% -145.0% -160.0% -175.0% -190.0% -175.0% -190.0% -205.0% -220.0% -205.0% -220.0% 40 160 309 -235.0% -250.
Slide 11: Focus on strategic expansion agenda
So arnade Focus on strategic expansion agenda Tanmiah continues to make good progress on its capex program Capex Additions Capex Commitments Right to use Assets (SAR mn) (SAR mn) (SAR mn) 17 188 71 m1H23 m1H24 m1H23) 8 1H24 = Assets under construction & Capital Commitments = Stores under constructio
Slide 12: Prudent balance sheet management
GLOW! TANMIAH c Prudent balance sheet management Balance sheet (SAR mn) mNon-current assets m=Current Assets mwEquity #Non-current Liabilities Current Liabilities | | Dec 2023 June 2024 » Profitabilit Roic®® % 8.1% 9.5% ~~) ‘ ‘ y RoE® % 13.1% 15.2% ai NWC-to-Sales © % 19% 14% 1,138 781 Trade 33 36 O
Slide 13: Fresh poultry segment analysis
CLOW! TANMIAH c Sales volume Processing capacity Distribution routes Farms Fresh poultry segment analysis Positive momentum supported by strategic expansion, GTM and increased proces; capacity Customer Experience NEW - Tanmiah - Taste Secrets New Marinated Tender Breast line 1st in Saudi aunch such
Slide 14: Fully Marinated Pre-Cleaned Premium Chicken Breast
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Slide 15: Outlook and Key Takeaways
03 | Outlook and Key Takeaways
Slide 16: Key Takeaways
Sustained improvement in both top and bottom-line performance during the period Strategic allocation of investments, including the expansion of fresh poultry capacity to 535,000 bpd Sustainability continues to be a key area of focus, with important measures such as the planting of trees, as part of
Slide 17: Thank You
THANK YOU 0) Investor Relations & Media Queries ir@tanmiah.com www.tanmiah.com TANMIAH 5 LOLI TANMIAH