Almunajem Foods Company · TADAWUL:4162
Almunajem Foods — FY2024 Earnings Presentation
20 slides from Almunajem Foods's earnings presentation, Mar 25, 2025
Slide 1: Q4 / FY'24 Earnings Presentation
Q4 / FY’24 Earnings Presentation 25th March 2025
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Almunajem Foods Company (the "Company") and the content therein has not been reviewed or approved by any regulatory or supervisory authority. This presentation contains financial information regarding the businesses and assets of the Company. Certain
Slide 3: Today's Agenda
Today’s Agenda 01 Financial Highlights 02 Financial Performance 03 Operations Update 04 Question and Answer
Slide 4: Almunajem Foods at a Glance
ALMUNAJEM FOODS AT A GLANCE: Almunajem Foods is among the largest Saudi food companies involved in manufacturing, importing, marketing and distribution of a wide range of frozen, chilled and dry food items through its top-notch logistics network all over the Kingdom. Distributor of Key Brands: Key I
Slide 5: Financial Highlights FY'2024
Financial Highlights FY’ 2024 SOLID FINANCIAL STRONG CASH FLOW SHAREHOLDER VALUE RESULTS GENERATION CREATION Revenue Free Cash Flow ROA 3,347 M 220 M 14.3% Gross Profit 566 M WC to Sales ROE Margin 16.9% 14.5% 27.5% Net Profit 279 M Debt / Equity EPS Margin 8.3% 18.9% 4.64 5
Slide 6: Our Rankings in Terms of Market Share (Retail)
OUR RANKINGS IN TERMS OF MARKET SHARE (RETAIL) Market Main Categories Sub-Categories Brands Ranking Share* ▪ Frozen Whole Chicken Doux 2 28.1% ▪ Chicken Franks 2 21.2% Red Al Anam 1 22.0% ▪ Frozen Minced & Dari 2 15.8% White Meat ▪ Frozen Breasts Doux 3 9.7% ▪ Chicken Strips Doux 2 16.9% Dari 1 46.4
Slide 7: Financial Performance Q4 / FY'24
Financial Performance Q4 / FY’ 24
Slide 8: Financial Performance FY'2024 – Key Highlights
Financial Performance FY' 2024 – Key Highlights Revenue (SAR’ M) Gross Profit (SAR’ M) Net Profit (SAR’ M) 1.0% 585 17.6% 17.8% 3,350 1.0% 283 8.5% 8.6% 3,346 0.0% 580 582 282 17.6% 3,340 282 8.5% 282 -1.0% 17.4% 8.5% 3,330 575 281 -2.0% 281 17.2% 8.4% 3,320 570 280 -3.0% 16.9% 17.0% 8.3% 8.4% 280 3
Slide 9: Revenue (FY'2024) – Analysis
Revenue (FY' 2024) – Analysis Figures are compared to FY’ 23 Sales Volume - Growth Sales’ Value – Growth by Major Categories Sales’ Value – Growth by Channels 12.5% 300,000 15.0% Red & White Meets Wholesale 10.0% 295,000 5.0%Fruits & Vegetables Retail 290,000 -3.4% 0.0% Dairy -5.0% 285,000 Food Serv
Slide 10: Net Income Bridge – YTD Dec' 2024
Net Income Bridge – YTD Dec' 2024 Figures in SR’ M 282 32 279 8 -24 -20 YTD 2023 Volume, Mix & Others Net Pricing Operational Exp Others YTD 2024 ❖YTD Dec’ 2024 net income Lower by almost SR 3M Vs. same period last year mainly due to lower gross profits caused by drop in sales volumes. This drop in
Slide 11: Financial Performance Q4'2024 – Key Highlights
Financial Performance Q4' 2024 – Key Highlights Revenue (SAR’ M) Gross Profit (SAR’ M) Net Profit (SAR’ M) 10.8% 18.9% 835 10.0% 9.8% 160 9020.0% 11.0% 830 829 8018.0% 9.0% 825 -1.2% 5.0% 156 82 7.4% 820 150 14.8% 7016.0% 14.6% 7.0% -1.5% 5.1% 815 819 0.0% 6014.0% 140 60 5.0% 810 5012.0% 805 -5.0% 3
Slide 12: Net Income Bridge – Q4' 2024
Net Income Bridge – Q4' 2024 Figures81.6 in SR’ M -3.0 19.4 60.3 -32.6 -5.1 Q4 2023 Volume, Mix & Others Net Pricing Operational Exp Others Q4 2024 ❖ Q4’ 2024 net income is lower by SAR 21M Vs. same period last year as a result of lower gross profit impacted by lower volumes and pricing pressures in
Slide 13: Prudent Financial Management
Prudent Financial Management Ratio Dec 2024 Dec 2023 NON-CURRENT ASSETS CURRENT ASSETS Equity Non-current Liabilities Current Liabilities Return on Equity % 27.6% 30.4% 90 147 Profitability Return on Assets % 14.4% 18.0% 547 780 Trade receivables Days of Sales 33.2 28.4 1,936 1,565 Activity Inventor
Slide 14: Net Working Capital (2020 – 2024)
Net Working Capital (2020 – 2024) 600 19.6% 18.7% Figures SAR’M 19.0% 18.2% 558 500 498 487 469 17.0% 460 400 14.5% 15.0% 300 13.9% 13.0% 200 100 11.0% 0 9.0% 2020 2021 2022 2023 2024 Working Capital Working Capital To Revenues ❖ Efficiently managed Working Capital. The working capital to sales rati
Slide 15: CAPEX (2020 – 2024)
CAPEX (2020 – 2024) 60.0 2.0% 1.3% 1.5% 1.5% 50.0 0.7% 51 0.5% 0.7% 1.0% 40.0 0.5% 0.0% 30.0 32.5 -0.5% 24.0 20.0 -1.0% 18.9 -1.5% 14.3 10.0 -2.0% 0.0 -2.5% 2020 2021 2022 2023 2024 CAPEX % Revenues ❖ 5Y average CAPEX – SAR 28M and ranges between 0.5% to 1.5% of revenue. Year 2024 CAPEX noticed slig
Slide 16: Cash Flow FY'2024
CASH FLOW FY' 2024 Cash Flow Bridge - FY’ 24 Free Cash Flow SR’ M SR’ M Increase Decrease Total 450 400 261 401 350 300 250 249 200 220 150 -354 100 43 50 -113 0 Opening Cash Cash from Opt' Act Cash in Inv' Act Cash in Fin' Act Closing Cash FY' 23 FY' 24 Note: FCF calculation excludes investment in
Slide 17: Update on Operations
@ pe > ol — ALMUNAJEM Foods 4 3210) Update on Operations
Slide 18: Operations Update
Operations Update: Meat Factory • Construction of new Meat Factory is on track. Operations are & Local Content expected to kick-off in Q1 of 2026. • As per approval from BOD, a new wholly owned subsidiary “The Third Party Logistics Optimal Solution Company “Loadly” for Logistics services” has (3PL)
Slide 19: Question & Answers
@ pepo)! ALMUNAJEM Foods @yaciU QUESTION & ANSWERS
Slide 20: Thank You
THANK YOU CONTACT : EMAIL : IR@almunajemfoods.com WEBSITE : Investor Relations - Almunajem Foods
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