Universal Robina Corp. · PSE:URC
Universal Robina — 1H CY2020 Earnings Presentation
18 slides from Universal Robina's earnings presentation, Jul 31, 2020
Slide 1: 1H CY2020 Unaudited Results Investor Briefing
1H CY2020 Unaudited Results Investor Briefing July 31,2020 Irwin C. Lee Mike P. Liwanag President and CEO Senior Vice President 1
Slide 2: Our Agenda
Investor Presentation: 1H CY2020 Business Results OUR AGENDA 1.) Business Updates: How we are navigating the Situation 2.) 1H CY2020 Unaudited Financial Results 3.) Balance of the Year Plans 2
Slide 3: Our Agenda
Investor Presentation: 1H CY2020 Business Results OUR AGENDA 1.) Business Updates: How we are navigating the Situation 2.) 1H CY2020 Unaudited Financial Results 3.) Balance of the Year Plans 3
Slide 4: Business Updates: How we are navigating the situation
Business Updates: How we are navigating the situation OUR PEOPLE OPERATIONS Adapted to new normal with SALES Adapting thePEOPLE way we serve our Investor Presentation: 1H CY2020 Business Results record production customers in the “New Normal” Employee Safety and through alternative shopping channels
Slide 5: Our Agenda
Investor Presentation: 1H CY2020 Business Results OUR AGENDA 1.) Business Updates: How we are navigating the Situation 2.) 1H CY2020 Unaudited Financial Results 3.) Balance of the Year Plans 5
Slide 6: URC Earnings Grow Strongly through first wave of COVID crisis
67.4 +1% URC Earnings Grow Strongly 1H 67.0 through first wave of COVID crisis Q2 33.7 34.0 +1% Investor Presentation: 1H CY2020 Business Results Q1 33.3 33.5 +0.4% SALES • Better than expected performance under COVID 2019 2020 lockdowns especially in Philippines and Oceania • Strong growth in Snack
Slide 7: BCF | Philippines
BCF | PHILIPPINES 1H 30.7 31.4 +2% Double-digit growth in operating income and market share gains in Q2 15.5 15.7 +1% core categories Investor Presentation: 1H CY2020 Business Results Q1 Q1 15.2 15.7 +3% 5 SALES 4.5 2019 2020 4 • Strong growth in snacks, bakery, noodles, and 3.5 coffee versus out-of
Slide 8: BCF | Philippines: category sales and market shares
BCF | PHILIPPINES Double-digit growth in operating income and market share gains in core categories Investor Presentation: 1H CY2020 Business Results CATEGORY SALES MARKET SHARES* Q1 5 Average Q1 Q2 1H JANUARY 2019 APRIL. MAY, JUNE 2020 4.5 Snackfoods +3% +8% +6% 4 Snacks +5% +10% +8% Snacks 35.1% 4
Slide 9: BCF | International
BCF | INTERNATIONAL Double digit growth in operating profit in Q2 1H 21.0 19.0 -9% In Constant FOREX Q1 Q2 1H Oceania* +19% +5% +12% 10.4 Investor Presentation: 1H CY2020 Business Results Q1Q2 9.3 -11% In Local Currency Q1 Q2 1H 5 Vietnam -36% -32% -34% SALES 4.5 Q1 10.5 9.7 -8% Thailand -11% +1% -6
Slide 10: AIC
AIC Strong performance in 16.5 +13% Commodities and Animal 14.6 Nutrition & Health 10.1 +26% SALES 8.0 BUSINESS UNIT PERFROMANCE Investor Presentation: 1H CY2020 Business Results Q1 5 Commodity Foods Group (CFG) SALES 4.5 6.6 6.4 -3% SURE +31% 4 • Double digit growth driven by higher volumes in 1H 2
Slide 11: Balance Sheet & Cash Flows
Balance Sheet & Cash Flows Cash and Financial Debt* Strong Balance Sheet and Cash Position 39.8 36.3 Investor Presentation: 1H CY2020 Business Results 19.2 Q1 11.2 5 • Php 18.7B Cash balance – very 1H CY19 1H CY20 4.5 strong 4 Cash + Financial Assets at FVPL + AFS Financial Debt • Net Debt of Php 3.
Slide 12: Our Agenda
Investor Presentation: 1H CY2020 Business Results OUR AGENDA 1.) Business Updates: How we are navigating the Situation 2.) 1H CY2020 Unaudited Financial Results 3.) Balance of the Year Plans 12 12
Slide 13: Balance of the Year Plans
People and Planet Friendly Culture People Productivity, New Workplace, Accelerate Digital, Quality/Health & Safety Enhancement; Sustainability Savings Investor Presentation: 1H CY2020 Business Results Balance of Products and Brands Product Supply Chain People Love Transformation The Year IPM 2020; L
Slide 14: Thank You
Investor Presentation: 1H CY2020 Business Results THANK YOU 14 14
Slide 15: Income Statement
Income Statement 1H 2020 1H 2019 YoY (Php Millions) (Unaudited) (Unaudited) NET SALES 67,407 67,041 1% Investor Presentation: 1H CY2020 Business Results Cost of Sales 46,936 47,143 -0.4% GROSS PROFIT 20,472 19,898 3% Operating Expense -12,235 -12,276 -0.3% • Increase in net income was attributable t
Slide 16: Balance Sheet
Balance Sheet 1H 2020 CY 2019 (Php Millions) (Unaudited) (Audited) Cash & cash equivalents Investor Presentation: 1H CY2020 Business Results 19,180 20,975 (including Financial assets at FVPL and FVOCI) Other current assets 44,895 43,945 Property, plant, and equipment 53,385 54,626 Other noncurrent a
Slide 17: Divisional Financials
Divisional Financials SALES EBIT EBIT MARGIN (Php Millions) Investor Presentation: 1H CY2020 Business Results 1H 2020 1H 2019 YoY 1H 2020 1H 2019 YoY 1H 2020 1H 2019 bps Branded Consumer Foods 50,914 52,444 -3% 6,345 5,908 7% 12.5% 11.3% 120 Total Philippines 31,902 31,477 1% 4,508 3,960 14% 14.1% 1
Slide 18: Market Shares
Market Shares Philippines Thailand MARKET CATEGORY MARKET SHARE #1 #2 #3 CATEGORY #1 #2 #3 SHARE Investor Presentation: 1H CY2020 Business Results Biscuits 24.6% URC 11.4% 7.7% Snacks 37.1% URC 21.8% 5.7% Wafers 23.0% URC 11.9% 9.4% Candies 26.3% URC 12.7% 10.9% Vietnam Chocolates 21.3% URC 13.7% 9.