Yamada Green Resources Ltd. · SGX:BJV
Yamada Green Resources — 3QFY2013 Earnings Presentation
22 slides from Yamada Green Resources's earnings presentation, May 2013
Slide 1: Yamada Green Resources Limited 3QFY2013 Results Presentation
Yamada Green Resources Limited 3QFY2013 Results Presentation May 2013
Slide 2: Important Note
Important Note The presentation herein may contain forward-looking statements by the management of Yamada Green Resources Limited (“Yamada” or the “Group”) that pertain to expectations for financial performance of future periods vs past periods. Forward-looking statements involve certain risks and u
Slide 3: Presentation Overview
Presentation Overview Contents Page • Corporate profile 4 • Our Products 5 • Financial Highlights 10-15 • Business Strategies and Future Plans 16-20 • Investment Merits of Bamboo Plantations 21 3
Slide 4: Corporate Profile
Corporate Profile • Yamada Green Resources Limited was listed on main board of SGX-ST on 8 October 2010. • Leading edible fungi ( such as shiitake mushrooms and black fungus) grower, majority of sales derived from the PRC market (FY2012: PRC – 81.1%, Japan – 18.9%). • Operate one of the largest shii
Slide 5: Our Products
Our Products Self-cultivated Edible Fungi Processed Food Products More than 95% of edible fungi are sold as fresh Manufactured from various types of fresh produce, while the remaining undergo further vegetables and semi-processed food products. processing and sold as dried products. Include water-bo
Slide 6: Financial Highlights - 3QFY2013
Financial Highlights - 3QFY2013 (RMB ’mil) 3QFY2013 3QFY2012 Change (%) Revenue 240.7 242.9 (0.9) COS (179.8) (147.8) 21.7 GP 60.9 95.1 (35.9) GP Margin 25.3% 39.1% (13.8 ppt) PBT 54.0 83.9 (35.6) Taxation (2.7) (2.4) 12.5 PAT 51.3 81.5 (37.4) 6
Slide 7: Financial Highlights - 9MFY2013
Financial Highlights - 9MFY2013 Lower GP and GP margin mainly (RMB ’mil) 9MFY2013 9MFY2013 Change due to: % (1) the lower yield resulted from unfavorable weather condition in Revenue 453.3 494.8 (8.4) the cultivation sites during COS (354.3) (299.8) 18.2 October to December 2012. (2) the rising raw
Slide 8: Healthy Balance Sheet
Healthy Balance Sheet 31 March 30 June (RMB ’Mil) 2013 2012 Issuance of Placement Shares PPE 45.2 35.2 Biological assets 164.5 188.9 82,187,000 shares issued at Land use rights 95.2 80.2 S$0.119 each Prepayment 42.9 52.2 Raised approximately S$9.4 million Non-current assets 347.8 356.5 (or RMB47.1 m
Slide 9: Financial Highlights – Cash Flows
Financial Highlights – Cash Flows (RMB ’Mil) 9MFY2013 9MFY2012 Net cash generated from operating activities 10.0 154.9 Net cash used in investing activities (31.8) (161.1) Net cash generated from/(used in) financing activities 47.1 (4.1) Net decrease in cash and cash equivalents 25.3 (10.3) Cash and
Slide 10: Mushroom Cultivation Bases
Mushroom Cultivation Bases Shiitake mushroom cultivation bases (mu) 6,000 5,134 5,134 5,134 5,000 4,292 4,000 3,000 2,614 2,000 2,214 1,670 1,000 - Aug-09 Aug-10 Aug-11 Aug-12 Apr-12 Apr-09 Apr-10 Apr-11 Apr-13 Dec-10 Dec-08 Dec-09 Dec-11 Dec-12 Shiitake mushroom cultivation bases 10
Slide 11: Revenue from Self-cultivation Segment
Revenue from Self-cultivation Segment 1,000,000 376,083 338,344 201,617 199,290 - 3QFY2012 3QFY2013 9MFY2012 9MFY2013 Selef-cultivated edible fungi (RMB'000) 11
Slide 12: Revenue from Processed Food Products Segment
Revenue from Processed Food Products Segment 140,000 118,419 120,000 114,977 100,000 80,000 60,000 41,265 41,444 40,000 20,000 - 3QFY2012 3QFY2013 9MFY2012 9MFY2013 Processed foods Products (RMB'000) 12
Slide 13: Revenue By Business Segment
Revenue By Business Segment FY2012 3QFY2013 9MFY2013 29.1% 17.2% 25.4% 70.9% 82.8% 74.6% Selef-cultivated edible fungi Processed foods 13
Slide 14: Revenue By Geographical Location
Revenue By Geographical Location FY2012 3QFY2013 9MFY2013 11.5% 18.9% 16.0% 81.1% 88.5% 84.0% China Japan 14
Slide 15: Financial Ratios
Financial Ratios 9M2013 9M2012 3Q2013 3Q2012 GP Margin 21.8% 39.4% 25.3% 39.1% PBT Margin 16.5% 33.4% 22.4% 34.5% NP Margin 15.2% 32.1% 21.3% 33.5% ROE 10.4% 28.2% 7.7% 14.5% EPS (RMB Cents) 16.4 39.0 11.6 20.0 Fully diluted EPS 15.8 37.2 11.2 19.0 NAV per share (RMB Cents) 132.9 137.1 132.9 137.1 N
Slide 16: Business Strategies and Future Plans
Business Strategies and Future Plans - Growing disposable income of the PRC population - Changes in the spending patterns of PRC consumers - Greater emphasis on green and healthy foods - Increasing preference for convenience food products Expanding konjac-based Growing sales of own Acquiring upstrea
Slide 17: Business Strategies and Future Plans
Business Strategies and Future Plans Expanding konjac-based dietary fibre food products range ● Expanding konjac-based dietary fibre food products range to satisfy consumer demand for convenience and healthy food products, such as konjac instant noodles, konjac drinks and konjac desserts. ● Products
Slide 18: Business Strategies and Future Plans
Business Strategies and Future Plans Growing sales of own brand products ● We endeavour to improve sales and marketing of konjac-based convenience food products under our own brands, such as “纤纤面”, “第七元素”and “魔粒S”. ● In addition, edible fungi and other processed food products mainly water boiled bam
Slide 19: Business Strategies and Future Plans
Business Strategies and Future Plans Possess upstream resource sustainability ● we have total 51,193 mu non-mature eucalyptus plantations. ● In April 2013, we have acquired 11,032 mu of mature Moso bamboo plantations. Having our own upstream plantations will enable us to:- ● Manage and control our c
Slide 20: Business Strategies and Future Plans
Business Strategies and Future Plans A glance to our cultivation bases and plantations: Land Area (mu) Dec-08 Dec-09 Dec-10 Apr-11 Jun-11 Dec-11 Apr-13 Shiitake mushroom cultivation 1,670 2,214 2,614 4,292 5,134 5,134 5,134 bases Black fungus cultivation bases - - - 86 86 86 86 Eucalyptus plantation
Slide 21: Investment Merits on Bamboo Plantations
Investment Merits on Bamboo Plantations •Expand our product range: winter bamboo shoots (fresh produce) and bamboo trees (variety of usage such as building/renovation materials and in paper and pulps and textile industries, etc) •Secure constant and reliable supply of raw material of our existing pr
Slide 22: Thank you.
Thank you. www.yamada-green.com 22
Yamada Green Resources — 3QFY2013 Earnings Presentation on 6ix