Fraser & Neave Ltd. · SGX:F99
Fraser & Neave — FY2012 Earnings Presentation
9 slides from Fraser & Neave's earnings presentation, Nov 16, 2012
Slide 1: Food & Beverage 2012: Year of transformation
Mr Pascal De Petrini Chief Executive Officer, Food & Beverage 16 November 2012 Food & Beverage 2012: Year of transformation Significant changes in our “business profile” in 2012 driven by a mix of anticipated and unexpected events • Beverages * Major change with: (Soft drinks and Myanmar beer) • div
Slide 2: Food & Beverage Financial highlights
Food & Beverage Financial highlights Change $ ’million FY2012 FY2011 (%) Revenue 1,804 1,950 -7% Profit Before Interest & Tax (“PBIT”) 124 194 -36% Attributable Profit Before Exceptional Items 1 (“APBE”) - Continuing operations 69 84 -18% - Discontinued operations 152 124 +23% 1 FY2012 Exceptional I
Slide 3: Food & Beverage PBIT breakdown
Food & Beverage PBIT breakdown • Excluding Coke, Beverages has grown +23% • Dairies Thailand full year breakeven from 1H2012 losses of $12m FY2012 PBIT FY2011 PBIT $ 124 million $ 194 million [+24%] [+23%] * Figures in brackets denote y-o-y change FY2011 numbers are restated Slide 5 Food & Beverage
Slide 4: Dairies Full-Year Highlights
Food & Beverage Dairies • Excluding Dairies Thailand, overall revenue is flat while PBIT increased $5m • Unexpected flooding in Thailand resulted in plant closure for over 6 months. Dairies Thailand recovered strongly during second half of the year, with revenue at +12% vs 2H 2011 • Malaysia domesti
Slide 5: Focusing on Core Businesses
Food & Beverage Focusing on Core Businesses Food & Beverage Core Businesses BEVERAGES DAIRIES / (Soft Drinks and Myanmar beer operation) ICE CREAM Slide 9 Half-Year Results Briefing (14 May 2010) Slide 10
Slide 6: Focused on driving key brands
Food & Beverage Focused on driving key brands • Growth in revenue and profit • Revenue +23% • PBIT +23% Slide 11 Food & Beverage A new milestone for Beverages • Continued widening and deepening of distribution to ensure widest availability • Ramping up marketing and sales activities • Upholding exce
Slide 7: New Product Launches
Food & Beverage New Product Launches • F&N FRUIT TREE FRESH No Sugar Added Red Grape Mixed Juice • F&N MAGNOLIA Lo-Fat Hi-Cal milk with DHA Omega-3 • F&N Hi Calcium Sweetened Creamer Slide 14
Slide 8: Recap on PI Milestones and Business outlook & prospects
Food & Beverage Recap on PI Milestones Key Milestones • Groundbreaking & Pilling Starts 23 Oct 2009 • Construction Starts Mid Jul 2010 • 1st SCM Line & Evaporated Milk Line Commissioning 1st Oct 2011 • Soft Opening 11 Nov 2011 • 1st SCM Line & Evaporated Milk Line Qualification Run 16 Nov – 1 Dec 20
Slide 9: Thank You
Thank You ------------ next speaker: GOH SIK NGEE CHIEF EXECUTIVE OFFICER, TIMES PUBLISHING GROUP