Grupo Nutresa S.A. · BVC:NUTRESA
Grupo Nutresa — Q2 2019 Earnings Presentation
19 slides from Grupo Nutresa's earnings presentation, July 2019
Slide 1: Grupo Nutresa S.A. Results 2Q 2019
IT INSPIRES US A FUTURE TOGETHER Grupo Nutresa S.A. Results 2Q 2019
Slide 2: Relevant Events
RELEVANT EVENTS Grupo Nutresa, ratified as the second best Fitch Ratings reaffirms rating of Grupo company to attract and to retain talent in Nutresa ordinary bonds in ‘AAA(col)’. The Colombia perspective is stable. 2
Slide 3: Relevant Events - Recent Innovations in Health and Nutrition
RELEVANT EVENTS - RECENT INNOVATIONS IN HEALTH AND NUTRITION The well-being of consumers is an essential pillar of Grupo Nutresa´s strategy. For this reason, we continue developing products and experiences that contribute to the adoption of healthier lifestyles and improve the quality of life of our
Slide 4: Colombia & International Sales 2Q2019
COLOMBIA & INTERNATIONAL SALES 2Q2019 Colombia sales + 0,8% Q: + 5,0% SALES PER COP 1.503,8 + 5,8% 413,4 P: + 0,5% * BUSINESS UNIT Billion COP + 3,4% + 9,8% 244,4 251,2 + 5,2% + 8,6% Percentage variation in volume (Q) and prices 165,7 + 6,9% + 12,4% (P) 138,5 110,5 % chg. YoY Billion COP 85,3 Billio
Slide 5: Total Sales 2Q2019
TOTAL SALES 2Q2019 Total Sales SALES PER COP 2.400,7 + 8,0% BUSINESS UNIT Billion COP + 11,9% + 0,7% 495,6 454,2 + 6,7% 393,7 + 6,4% + 11,5% 279,9 281,6 + 11,8% Billion COP 200,5 + 6,9% 110,5 + 12,4% 85,8 Cold cuts Biscuits Chocolates TMLUC Coffee Retail Food Ice cream Pasta % chg. YoY - Billion COP
Slide 6: Colombia & International Sales Accumulated 2019
COLOMBIA & INTERNATIONAL SALES ACCUMULATED 2019 Colombia sales + 0,4% Q: + 4,2% P: + 0,9% * SALES PER COP 2.911,9 + 5,2% 813,0 BUSINESS UNIT Billion COP + 7,8% + 4,6% 463,8 486,6 + 4,8% + 6,4% Percentage variation in volume (Q) and prices + 3,7% + 11,1% 319,8 266,4 (P) 222,7 Billion COP 161,9 % chg.
Slide 7: Total Sales Accumulated 2019
TOTAL SALES ACCUMULATED 2019 Total Sales SALES PER COP 4.646,4 + 7,4% BUSINESS UNIT Billion COP + 10,4% + 0,1% 953,5 894,3 + 8,5% 769,0 + 5,2% + 10,8% 538,4 533,0 + 9,1% Billion COP 386,4 + 3,7% 222,7 + 11,1% 163,1 Cold cuts Biscuits Chocolates TMLUC Coffee Retail Food Ice cream Pasta % chg. YoY - B
Slide 8: Sales by Region
SALES BY REGION 2019 United States Dominican Republic and the Carribbean 8,5% 1,9% Mexico Venezuela 3,8% 62,7% Colombia Central America 9,8% Peru 37,3% 1,9% International Colombia Chile 62,7% 8,2% Ecuador 1,4% Other 1,8% Convention Production Distribution Services 8
Slide 9: Market Position Colombia + TMLUC
MARKET POSITION Colombia + TMLUC Cold cuts Biscuits Chocolates Coffee TMLUC Ice Cream Pasta Retail Food Chocolate #1 #1 confectionery Roast and ground ICB* Ice Cream #1 #1 coffee (A) #1 #1 In Hamburgers and #1 #1 Steakhouses categories in Pasta Colombia Hot chocolate #2 #1 Soluble coffee (B) #2 Coff
Slide 10: Raw Materials
RAW MATERIALS Commodities Index COGS Breakdown Grupo Nutresa 2019 170 1,6% Poultry 2,4% Milk 150 2,9% Beef 144 130 3,5% Oils & fats 113 4,4% Sugar Other 39,2% 110 113 112 5,2% Cocoa 107 7,2% Wheat 90 95 86 87 87 86 77 7,3% Pork 82 Pack. Mat. 15,5% 70 10,8% Coffee 2009 2010 2011 2012 2013 2014 2015 2
Slide 11: EBITDA 2Q2019
EBITDA 2Q2019 EBITDA 16,0% + 33,6% EBITDA PER COP 327,9 + 22,9% BUSINESS UNIT Billion COP 79,5 11,5% 13,9% Margin - 4,2% 13,7% + 1,6% 21,8% 52,4 54,5 13,0% 12,7% + 151,0% + 7,8% + 21,7% 43,6 Billion COP 36,3 35,8 10,8% 13,2% + 30,6% + 32,5% 11,9 11,3 Cárnico Cold cuts Galletas Biscuits Chocolates Ch
Slide 12: EBITDA Accumulated 2019
EBITDA ACCUMULATED 2019 EBITDA 15,0% EBITDA PER COP 648,0 + 20,0% + 21,5% BUSINESS UNIT Billion COP 143,4 15,3% 12,3% + 0,0% + 4,0% Margin 117,5 22,1% 13,9% 110,1 13,8% + 123,6% + 10,4% 11,4% 85,6 74,5 + 14,6% Billion COP 60,7 12,5% 13,5% + 26,9% + 27,7% 27,9 22,1 Cárnico Cold cuts Galletas Biscuits
Slide 13: Income Statement 2Q2019
INCOME STATEMENT 2Q2019 2019 2Q % Revenues 2019 2Q % Revenues 2018 2Q % Revenues % Var. % Var. Without IFRS Without IFRS Without IFRS Continuing operations 16 16 16 Operating revenue 2.400.675 2.400.675 2.222.169 8,0% 8,0% Cost of goods sold (1.330.189) -55,4% (1.332.015) -55,5% (1.229.625) -55,3% 8
Slide 14: Income Statement Accumulated 2019
INCOME STATEMENT ACCUMULATED 2019 Jan-Jun 2019 % Revenues Jan-Jun 2019 % Revenues Jan-Jun 2018 % Revenues % Var. % Var. Without IFRS Without IFRS Continuing operations Without IFRS 16 16 16 Operating revenue 4.646.417 4.646.417 4.326.514 7,4% 7,4% Cost of goods sold (2.583.703) -55,6% (2.586.616) -5
Slide 15: Consolidated Net Debt
CONSOLIDATED NET DEBT 3.500 2.808 2.906 Billion COP 3.000 2.596 2.638 2.605 2.441 2.500 2.000 1.752 1.581 1.500 1.000 500 0 Dec-13 Dec-14* Dec-15* Dec-16* Dec-17* Dec-18* Mar-19* Jun-19* Net debt 1.581 1.752 2.808 2.906 2.596 2.441 2.638 2.605 Net debt / EBITDA 1,90 2,10 2,88 2,82 2,49 2,17 2,32 2,2
Slide 16: Contact
CONTACT Catherine Chacón Navarro Investor Relations Director e-mail: cchacon@gruponutresa.com Tel: (+574) 325 8731 www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": http://www.gruponutresa.com/es/c
Slide 17: Financial Position - Assets
FINANCIAL POSITION 2019 June 2019 December 2018 % Var. ASSETS Current assets Cash and cash equivalents 291.779 347.520 -16,0% Trade and other receivables 1.114.572 1.020.579 9,2% Inventories 1.210.805 1.109.878 9,1% Biological assets 89.735 94.569 -5,1% Other current assets 318.944 241.726 31,9% Non
Slide 18: Financial Position - Liabilities
FINANCIAL POSITION 2019 June 2019 December 2018 % Var. LIABILITIES Current liabilities Financial obligations 545.046 522.302 4,4% Trade and other payables 1.087.230 1.094.960 -0,7% Tax charges 265.827 228.841 16,2% Employee benefits liabilities 165.255 165.833 -0,3% Current provisions 2.084 4.118 -4
Slide 19: Disclaimer
DISCLAIMER This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason t