Slide 1: Year-to-Date Q2 FY2008 Financial Results
Year-to-Date Q2 FY2008 Financial Results May 2008
Slide 2: Financial Performance Highlights
FINANCIAL PERFORMANCE Highlights Net Sales Sales (PhP MM) YTD Q2 2007 YTD Q2 2008 YoY % 21,154 BCFG* 13,995 16,376 +17% 18,309 Agro- Industrial 0 5,000 10,000 15,000 20,000 25,000 2,667 2,802 +5% Commodity Operating Income Foods (Net) 1,647 1,976 +20% 1,806 Total URC 18,309 21,154 +16% 1,612 Operati
Slide 3: Branded Consumer Foods - Philippines
FINANCIAL PERFORMANCE Branded Consumer Foods - Philippines • Domestic market recovers YoY % Sales (PhP MM) YTD Q2 2007 YTD Q2 2008 from slow growth in Snackfoods 5,837 6,976 +20% previous year Beverage 2,335 2,829 +21% • Snackfoods grows on improved demand and Grocery 1,123 1,269 +13% split of Snack
Slide 4: Philippine Market
PHILIPPINE MARKET Snackfoods growing steadily Chocolates +10% 3-in-1 coffee +56% Soft/Hard Candies +8% Isotonic drinks +47% Snacks +5% Tea +41% Biscuits +1% Energy drinks +19% RTE – Beans +1% Packaged water +9% Instant Noodles -1% Ready to drink – Coffee +9% Tomato Sauce -10% Carbonated soft drink +
Slide 5: Philippine Market: Dominant Market Share Maintained
PHILIPPINE MARKET Dominant Market Share maintained CATEGORY MARKET #1 #2 #3 SHARE Snacks 42% 19% 10% Candies 47% 10% 8% Chocolates* 26% 10% 8% Cookies* 32% 25% 15% Pretzels* 66% 14% 10% Tomato Sauce 8% 82% 5% Canned Beans 74% 14% 6% Noodles* 13% 77% 3% CATEGORY MARKET #1 #2 #3 Source: AC Nielsen sur
Slide 6: Branded Consumer Foods - International
FINANCIAL PERFORMANCE Branded Consumer Foods - International YoY % • Sales growth at double Sales (US$ M) YTD Q2 2007 YTD Q2 2008 digits once again Thailand 38 47 +23% • C2 sales volume in Malaysia/SG 15 18 +21% Vietnam surging, reaching Indonesia 13 12 (7%) 635,000 cases sold in March 2007 China/HK
Slide 7: Agro-Industrial Group
FINANCIAL PERFORMANCE Agro-Industrial Group URC Feeds Sales (PhP MM) YTD Q2 2007 YTD Q2 2008 YoY % • Lower volume due to less Feeds 1,249 1,260 +1% animals on the market Farms 1,418 1,542 +9% • Higher feed prices due to rising costs of inputs Total 2,667 2,802 +5% such as corn and feed wheat Operati
Slide 8: Commodity Foods Group
FINANCIAL PERFORMANCE Commodity Foods Group URC Sugar Sales (PhP MM) YTD Q2 2007 YTD Q2 2008 YoY % • Mill expansion finished in Flour 1,775 2,466 +39% time for 2008 milling Sugar 1,028 1,170 +14% season • PASSI sugar mill acquired Subtotal 2,803 3,636 +30% in October Transfers (1,156) (1,660) +44% T
Slide 9: Assets and Liabilities
FINANCIAL PERFORMANCE Assets and Liabilities Balance Sheet FY 2007 1HFY2008 Cash and Financial Debt (PhP MM) (PhP MM) Cash and Cash 21,592 14,947 Equivalents 25,000 Other Current Assets 11,747 16,650 21,592 Property Plant and 22,267 22,951 Equipment – net 20,000 18,831 16,427 Other non-current 3,068
Slide 10: Plans and Expectations
PLANS Plans and Expectations Corporate •Continue 50% dividend pay-out policy •Pursue M&A that will add value to the company •Capital expenditures of about P3 billion in FY2008 •Stock buy-back program Expectations •Positive trends in domestic BCFG to continue, especially in snackfoods •Further recove
Slide 11: The End
3 UNIVERSAL ROBINA CORPORATION The End