Zambeef Products Plc · LSE:ZAM
Zambeef Products — FY2010 Earnings Presentation
22 slides from Zambeef Products's earnings presentation, September 2010
Slide 1: Financial Review FYE 30th September 2010
FINANCIAL REVIEW FYE 30TH SEPTEMBER 2010 1
Slide 2: Background
Background 11% TURNOVER 86% OPERATING PROFIT 185% EBITDA 26% EARNINGS PER SHARE Positive Factors Adverse Factors 1. Recovering global economies 1. Volatility of the Zambian Kwacha 2. Increase in copper prices 2. Low maize prices 3. Low inflation and interest costs 3. Adverse weather patterns 4. Incr
Slide 3: Slide 3
Slide 4: Abridged Income Statement
Abridged Income Statement ACTUAL ACTUAL % CHANGE TO ACTUAL K Millions Y/E 2010 Y/E 2009 % Turnover 770,528 697,317 10.50% Gross Profit 242,144 219,176 10.48% Other Income 290 1,742 (83.33%) Administrative expense -208,673 -202,740 0 Admin expense excl Depreciation (179,990) (178,169) (1.02%) Depreci
Slide 5: Abridged Cash Flow
Abridged Cash Flow ACTUAL ACTUAL ACTUAL K Millions Y/E 2010 Y/E 2009 Y/E 2008 Profit Before Taxation 15,534 3,853 44,195 EBITDA 63,966 22,415 65,039 Movement in Working Capital 2,631 (6,692) (92,413) Cash inflow/(outflow) from 66,597 15,723 (27,374) Operating activities Cash outflow on return on (10
Slide 6: Abridged Balance Sheet
Abridged Balance Sheet ACTUAL ACTUAL ACTUAL K Millions Y/E 2010 Y/E 30.09.09 Y/E 30.09.08 Non Current Assets 530,361 472,352 455,491 Current Assets 248,909 239,215 263,449 TOTAL ASSETS 779,270 711,567 718,940 Capital and Reserves 456,425 445,227 439,444 Non-Current Liabilities 144,795 56,600 74,721
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Slide 8: Financial Summary
Financial Summary Turnover ZMK Gross Profit ZMK 900 300 800 771 B B 250 242 683 700 i i 199 600 200 191 l l 493 l 500 l 150 128 i 400 i 292 100 o 300 o 100 224 n 200 n s s 50 100 0 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 Profit after tax ZMK (EBITDA) ZMK 40 37 70 65 64 35 60 B B i 30 i 5
Slide 9: Segmental Performance
Segmental Performance 300000 70000 250000 60000 50000 200000 40000 150000 30000 100000 20000 50000 10000 0 0 Segmental Turnover 2010 Segmental Turnover 2009 Segmental GP 2010 Segmental GP 2009 9
Slide 10: Beef Division
Beef Division Turnover Gross Profit 250 70 Turnover Gross Profit 60 200 Billions 50 150 40 30 100 20 50 10 0 0 2006 2007 2008 2009 2010 10
Slide 11: Chicken Division
Chicken Division Turnover Gross Profit 90 25 Turnover Gross Profit 80 70 20 Billions 60 15 50 40 10 30 20 5 10 0 0 2006 2007 2008 2009 2010 11
Slide 12: Pork Division
Pork Division Turnover Gross Profit 70 25 Turnover Gross Profit 60 20 50 Billions 40 15 30 10 20 5 10 0 0 2006 2007 2008 2009 2010 12
Slide 13: Crops Division
Crops Division Turnover Gross Profit 70 35 Turnover Gross Profit 60 30 Billions 50 25 40 20 30 15 20 10 10 5 0 0 2006 2007 2008 2009 2010 13
Slide 14: Milk Division
Milk Division Turnover Gross Profit 45 30 Turnover Gross Profit 40 25 35 Billions 30 20 25 15 20 15 10 10 5 5 0 0 2006 2007 2008 2009 2010 14
Slide 15: Edible Oil Division
Edible Oil Division Turnover Gross Profit 300 70 Turnover Gross Profit 250 60 Billions 50 200 40 150 30 100 20 50 10 0 0 2006 2007 2008 2009 2010 15
Slide 16: West Africa Division
West Africa Division Turnover Gross Profit 35.00 8 Turnover Gross Profit 30.00 7 6 Billions 25.00 5 20.00 4 15.00 3 10.00 2 5.00 1 - 0 2006 2007 2008 2009 2010 16
Slide 17: Other Divisions
Other Divisions Turnover Gross Profit 200 50 Turnover Gross Profit 180 45 160 40 Billions 140 35 120 30 100 25 80 20 60 15 40 10 20 5 - 0 2006 2007 2008 2009 2010 17
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Slide 19: Debt Review
Debt Review Drawn Debt 2010 2009 ZMK Million ZMK Million Short Term 51,874 121,185 Long Term 168,547 60,505 Total 220,421 181,690 Debt by Limits 2010 2009 ZMK Million ZMK Million Working Capital Facilities 154,957 195,755 Term Facilities 168,547 60,505 323,504 256,260 % of Short Term to Total Debt 2
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Slide 21: Future Strategy
Future Strategy 1. Expansion and upgrade of Retail Network. 2. West Africa. 3. Zamanita. 4. Chiawa. 5. Expansion of exisiting operations. 6. Zimbabwe. 7. Major acquisition in the pipeline. 21
Slide 22: Q&A
Products PLC Q&A 22