Savola Group · TADAWUL:2050
Savola — Q4 2015 Earnings Presentation
24 slides from Savola's earnings presentation, 2016
Slide 1: Investor Presentation Q4 and FY 2015
Investor Presentation Q4 and FY 2015
Slide 2: Group Highlights
Group Highlights
Slide 3: Group Highlights
Group Highlights All numbers are in SAR million unless specified Revenue Gross Profit EBIT Net Income 6,616 1,306 531 515 Q -3.6% vs.LY -4.6% vs. LY -12.1% vs. LY +18.6% vs. LY 4 Y 26,461 5,122 1,982 1,792 -0.5% vs. LY +5.3% vs. LY -19.2% vs. LY -13.5% vs.LY T D
Slide 4: Group Highlights – One offs
Group Highlights – One offs Q4 2015: Capital gain from sale of land (SAR 39 mln) Insurance claim settlement due to the fire in raw sugar warehouse in 2013 (SAR 94.2 mln) Q1 2015: Capital gain from the sale of packaging business (SAR 265 mln) Q4 2014: Packaging income LY (SAR 13 mln)
Slide 5: Group Financial Highlights YoY Sales YoY Gross Profit
Group Financial Highlights All numbers are in SAR million unless specified Margin YoY Sales Growth -0.5% 26,588 26,461 +4.9% +1.1% -4.4% -3.6% 6,241 6,547 7,337 7,421 6,150 6,860 6,616 5,877 Q1`14 Q1`15 Q2`14 Q2`15 Q3`14 Q3`15 Q4`14 Q4`15 FY 2014 FY 2015 YoY Gross Profit +5.3% +8.1% +9.7% +9.7% -4.6
Slide 6: Group Financial Highlights YoY EBIT YoY NI
Group Financial Highlights All numbers are in SAR million unless specified YoY EBIT Growth -19.2% 2,455 -27.3% -17.4% -21.1% -12.1% 1,982 531 386 671 554 648 511 605 531 Q1`14 Q1`15 Q2`14 Q2`15 Q3`14 Q3`15 Q4`14 Q4`15 FY 2014 FY 2015 YoY NI -13.5% +11.3% -46.9% +18.6% -15.4% 2,072 1,792 423 471 513
Slide 7: Revenue Mix by Business FY 2015
Revenue Mix by Business FY 2015 All numbers are in SAR million unless specified Revenue Revenue FY 2014 FY 2015 54% 49% 3,092 51% 46% Foods Retail Foods Retail
Slide 8: Capital Expenditure By Segment
Capital Expenditure By Segment All numbers are in SAR million unless specified +50.3% -13.9% 605 1,333 1,148 403 FY 2014 FY 2015 FY 2014 FY 2015 Foods Retail
Slide 9: Foods Highlights
Foods Highlights
Slide 10: Foods Highlights
Foods Highlights All numbers are in SAR million unless specified Volume Revenue Gross Profit Net Income (‘000MT) 3,222 423 271 1,007 Q -12.3% vs.LY -19.6% vs. LY +105.3% vs. LY -0.2% vs. LY 4 Y 13,213 1,877 687 4,026 -9.4% vs. LY -5.3% vs. LY +12.6% vs. LY +1.3% vs.LY T D
Slide 11: Foods Financial Highlights YoY Sales YoY Gross Profit
Foods Financial Highlights All numbers are in SAR million unless specified Margin YoY Sales Growth -9.4% 14,592 13,213 -8.9% -12.3% -1.6% -15.3% 4,120 3,754 3,672 3,464 3,410 3,337 2,827 3,222 Q1`14 Q1`15 Q2`14 Q2`15 Q3`14 Q3`15 Q4`14 Q4`15 FY 2014 FY 2015 YoY Gross Profit -5.3% -4.1% -19.6% 1,981 +
Slide 12: Foods Financial Highlights YoY EBITDA YoY NI
Foods Financial Highlights All numbers are in SAR million unless specified YoY EBITDA Growth +2.8% -12.0% +31.7% -0.3% -0.4% 1,267 1,303 410 361 366 299 298 279 278 278 Q1`14 Q1`15 Q2`14 Q2`15 Q3`14 Q3`15 Q4`14 Q4`15 FY 2014 FY 2015 YoY NI +12.6% +105.3% +1.4% -41.4% 610 687 +2.8% 207 210 271 162 95
Slide 13: Revenue Breakdown By Category
Revenue Breakdown By Category All numbers are in SAR million unless specified -9% 14,592 5% 13,213 5% 44% Pasta YoY +5% 41% Sugar YoY -14% Oil YoY -8% 86% 86% FY 2014 FY 2015
Slide 14: Volume Breakdown By Category
Volume Breakdown By Category Thousand tonnes unless specified otherwise +1% 3,974 4,026 5% 6% Pasta YoY +10% Sugar YoY -1% Oil YoY +4% 55% 54% 39% 40% FY 2014 FY 2015
Slide 15: Volume Breakdown By Geography
Volume Breakdown By Geography Thousand tonnes unless specified otherwise +1% 3,974 4,026 2% 2% Morocco 2% 2% 4% 2% 4% 3% YoY +16% 13% Algeria 14% YoY +9% Sudan YoY +18% Turkey 34% 35% YoY 0% Iran YoY -6% Egypt YoY +5% KSA YoY 0% 43% 42% FY 2014 FY 2015
Slide 16: Retail Highlights
Retail Highlights
Slide 17: Retail Highlights
Retail Highlights All numbers are in SAR million unless specified Stores Revenue Gross Profit Net Income Openings 3,468 882 29 28 Q +7.2% vs.LY +5.5% vs. LY -86.0% vs. LY 1 hypermarket 4 7 supermarkets 20 Pandati Y 13,534 3,245 146 167 +10.9% vs. LY +12.8% vs. LY -70.9% vs. LY 4 Hyper T 21 Super D 1
Slide 18: Retail Financial Highlights YoY Sales YoY Gross Profit
Retail Financial Highlights All numbers are in SAR million unless specified Margin YoY Sales Growth +10.9% 13,534 12,204 +13.3% +15.2% +7.8% +7.2% 2,818 3,192 3,235 3,468 3,283 3,782 2,868 3,092 Q1`14 Q1`15 Q2`14 Q2`15 Q3`14 Q3`15 Q4`14 Q4`15 FY`14 FY `15 YoY Gross Profit +12.8% +14.2% +5.5% +11.3%
Slide 19: Retail Financial Highlights YoY EBITDA YoY NI
Retail Financial Highlights All numbers are in SAR million unless specified YoY EBITDA Growth -31.6% -52.5% -25.7% +0.7% -29.6% 824 564 233 291 148 110 152 153 164 138 Q1`14 Q1`15 Q2`14 Q2`15 Q3`14 Q3`15 Q4`14 Q4`15 FY’14 FY’15 YoY NI -70.9% -86.0% 503 -66.0% 206 -75.0% -35.1% 150 72 74 146 48 51 18
Slide 20: Number of Stores and Selling Area
Number of Stores and Selling Area Super Hyper 152 0 131 21 60 64 4 0 2014 2015 Closures YTD’15 2014 2015 Closures YTD’15 Selling Area Pandati Total 747,544 m2 Selling Area 15 498 654,908 m2 282 167 15 346 142 155 2014 2015 Closures YTD’15 2014 2015 Closures YTD’15
Slide 21: Number of Stores – By Quarter
Number of Stores – By Quarter Super Hyper 152 7 0 131 6 4 64 4 60 1 0 1 2 2014 Q1’15 Q2’15 Q3’15 Q4’15 Closures YTD’15 2014 Q1’15 Q2’15 Q3’15 Q4’15 Closures YTD’15 Selling Area Pandati Total 747,544 m2 Selling Area 498 28 15 654,908 m2 25 282 55 20 15 346 59 21 48 155 53 2014 Q1’15 Q2’15 Q3’15 Q4’15
Slide 22: Appendix
Appendix
Slide 23: Annual Financials
Annual Financials (all figures are in SAR millions) Segment Wise Financials FY- 2015 FY- 2014 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Food Oil-Mature Markets 7,122 1,323 731 560 817 7,883 1,339 707 474 794 Oil-Start-up Markets* 1,461 224 112 73 129 1,4
Slide 24: Quarterly Financials – Q4
Quarterly Financials – Q4 (all figures are in SAR millions) Segment Wise Financials Q4- 2015 Q4- 2014 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Food Oil-Mature Markets 1,660 294 134 146 156 2,037 347 111 56 133 Oil-Start-up Markets* 425 60 33 18 38 366 5