Slide 1: Final Results for the twelve months to 30 September 2014
Final Results Interim Results for forthe thetwelve months six months to to30 31September March 20142014
Slide 2: Disclaimer
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Slide 3: Overview
Overview • A challenging year overall – Turnover ZMW1643.3m (2013 : ZMW1595.1m) – Adjusted* loss before tax ZMW1.8m (2013 : Profit ZMW30m) – Macro economic and external factors stabilise • Strong end to the year - H1 Adjusted* loss before tax – ZMW18.2m - H2 Adjusted* profit before tax – ZMW16.4m •
Slide 4: 2014 Financials
2014 Financials 4
Slide 5: Abridged Income Statement
Abridged Income Statement 30 September 2014 30 September 2013 % Change ZMW'000 ZMW'000 Turnover 1 643 253 1 595 062 3.0% COS (1 088 243) (1 042 281) 4.4% Gross Profit 555 010 552 781 0.4% Other Income 2 848 514 454.1% Administrative Expenses (494 116) (474 179) 4.2% Administrative Expenses (Excl. de
Slide 6: H1 & H2 Income Statement
H1 & H2 Income Statement 30 September 2014 Half 2 Half 1 ZMW'000 ZMW'000 ZMW'000 Turnover 1 643 253 853 757 789 496 Gross Profit 555 010 296 862 258 148 Other Income 2 848 2 848 - Administrative Expenses - 494 116 - 251 172 - 242 944 Administrative Expenses (exc depreciation) - 432 646 - 219 167 - 2
Slide 7: H1 v H2 Key Ratio Charts
H1 v H2 Key Ratio Charts ZMK ‘000 860,000 310,000 219000 300,000 218000 840,000 290,000 217000 820,000 280,000 216000 800,000 270,000 215000 Half 1 260,000 214000 780,000 Half 2 250,000 213000 760,000 240,000 212000 740,000 230,000 211000 Turnover (ZMW'000) Gross Profit (ZMW'000) Admin Expenses (Exc
Slide 8: Abridged Balance Sheet
Abridged Balance Sheet 30 September 2014 30 September 2013 ZMW'000 ZMW'000 Non-current assets 1 612 530 1 491 115 Current assets 724 428 652 052 TOTAL ASSETS 2 336 958 2 143 167 Capital and reserves 1 343 338 1 353 130 Non-current liabilities 397 357 365 621 Current liabilities 596 263 424 416 TOTAL
Slide 9: Abridged Cash Flow
Abridged Cash Flow 30 September 2014 30 September 2013 ZMW'000 ZMW'000 Profit before taxation - 21 159 21 829 EBITDA 107 365 119 474 Movement in working capital - 25 809 - 10 767 Cash inflow from operating activities 81 556 108 707 Cash (outflow) / inflow (on) / from investing activities - 99 920 3
Slide 10: Divisional Revenue and Gross Profit
Divisional Revenue and Gross Profit 2014 2013 2014 2013 Revenue Revenue Gross Profit Gross Profit Segment ZMW'000 ZMW'000 Movement ZMW'000 ZMW'000 Movement Beef 345 778 323 897 6.8% 107 210 104 254 2.8% Stock Feed 339 268 264 208 28.4% 54 690 59 049 -7.4% Edible Oils 316 688 370 445 -14.5% 65 131 10
Slide 11: Divisional Review
Divisional Review Perishables Farming Manufacturing • Beef • Cropping • Edible Oils GP: ZMW107.2m, up 2.8% GP: ZMW155.3m, up 0.4% GP: ZMW65.1m, down 36.1% - Excellent performance in H2 - 23,515 hectares planted - 58,747 M.T. crushed (86,495 M.T. in 2013) - Commercial cattle supply stable - Soya bean
Slide 12: Segmental Summary
Segmental Summary Revenue Gross Profit Fish, 1% Zamchick Master Meats Master Meats Leather, Fish, 1% Leather, 2% Inn, 1% Ghana, 1% Ghana, 1% 2% Eggs, 2% Zamchick Inn, 1% Eggs, 2% Mill & Bakery, 3% Mill & Bakery, 4% Milk, 4% Beef, 19% Beef, 18% Milk, 8% Master Meats Nigeria, 5% Master Meats Nigeria,
Slide 13: Divisional H1 & H2 Revenue (ZMW'000)
Divisional H1 & H2 Revenue (ZMW’000) 2014 H1 2014 H2 184,074 3.87% 180,193 200,000 176,168 -24.25% 18.61% -9.54% 169,610 180,000 159,412 155,194 144,205 160,000 136,495 140,000 120,000 100,000 8.47% 49.91% 73,840 73,677 67,926 39.55% 80,000 -13.22% 56,348 19.06% 49,256 44,778 60,000 40,377 38,410 37
Slide 14: Divisional H1 & H2 Gross Profit (ZMW'000)
Divisional H1& H2 Gross Profit (ZMW’000) 2014 H1 2014 H2 90,000 3.53% 78,993 76,302 80,000 52.73% 64,789 70,000 60,000 -13.61% -1.69% 42,421 50,000 34,943 40,000 30,188 27,578 27,112 22.00% 23,105 30,000 12.21% 18,937 -5.14% 108.72% 4.00% 16,518 14,720 13,282 20,000 11,920 11,462 21.47% -9.03% 70.09
Slide 15: Retail
Retail • Revenue from core cold chain food products – beef, chicken, pork, dairy, eggs, were up by 13.4% in H2 • 98 Zambeef Stores- 92 in Zambia, 6 in Nigeria • 7 new shoprite stores in 2014 (total 37, 22 Zambia, 11 Nigeria, 4 Ghana), 5 planned for 2015 H1 2014 H2 2014 % Change Total 2014 Total 2013
Slide 16: Outlook
Outlook • Trading continuing trend set in H22014 • Focus on Strategic Priorities - Retailing of cold chain meat and dairy products - Where appropriate, forging strategic alliances and partnerships with industry players - Unlocking value and capital gains from within the group and reduce debt / geari
Slide 17: Appendices
APPENDICES Appendices 17
Slide 18: Attractive Zambia Fundamentals
Attractive Zambia Fundamentals • One of the fastest growing economies in SAA; with GDP growth averaging more than 6.5% over the last 5 years • Ranked 9th in IMF’s forecast of the world’s fastest growing global economies • Consumer sector growing at an average of >14% • GDP per capita has increased f
Slide 19: Why Invest In Africa?
Why Invest In Africa? Today Future GDP Growth Increased to 4.7% in 2013 supported by Strengthening external demand is robust domestic demand, notably expected to support growth over the investment growth forecast horizon, with GDP growth projected to rise to 5.5% in 2016 Population 1 billion people
Slide 20: Private Bag 17 Private Bag 17 Plot 4970
Private Bag 17 Private Bag 17 Plot 4970 Woodlands Woodlands PlotIndustrial Manda Road 4970 Area Manda Road Industrial Area Lusaka Lusaka Zambia Zambia Tel: +260 211 369 000 Tel:Fax: +260 211 211 +260 369 369 000 050 Fax: +260 211 369 050 www.zambeefplc.com www.zambeefplc.com 20