Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Auric Pacific Group — Shareholder Meeting (April 2016)
22 slides from Singapore Exchange's shareholder meeting presentation, Apr 29, 2016
Slide 1: Auric Pacific Group Limited Annual General Meeting
AURIC PACIFIC GROUP LIMITED Annual General Meeting 29 April 2016 Strictly Private & confidential
Slide 2: Chairman’s 2015 message
Chairman’s 2015 message “Biting the bullet…we took the painful but necessary step of weeding out the non-performers… Auric Pacific has undergone a major restructuring and through that has transformed itself to be more nimble and versatile.” “…We have transformed ourselves into a more robust organiza
Slide 3: Financials Overview
Financials Overview In $ million FY 2015 FY 2014 FY 2013 Revenue 432.9 424.4 398.5 Profit/(Loss) before tax and exceptional items 4.5 3.9 (0.4) EBITDA (excluding exceptional items) 21.0 20.0 17.5 EBITDA (%) 4.9% 4.7% 4.4% Net cash flows generated from operating activities 13.3 7.0 7.8 Strictly Priva
Slide 4: Financials Overview
Financials Overview In $ million FY 2015 FY 2014 FY 2013 Revenue 432.9 424.4 398.5 Profit/(Loss) before tax and exceptional items 4.5 3.9 (0.4) Exceptional items (44.0) (3.3) (21.5) (Loss)/Profit before tax (39.5) 0.6 (21.9) Strictly Private & confidential 4
Slide 5: What was done in 2015
What was done in 2015 • Delifrance - Ceased Delifrance Business in Malaysia - Recognised impairment of intangible assets of $37.2 million • Food Junction - Ceased restaurant business in China and Singapore - Closed non-performing self-operating stalls (TJ) in Indonesia • Wholesales & Distribution -
Slide 6: Financials – Revenue by Segments
Financials – Revenue by Segments In $ million 250 200 150 FY2013 FY2014 100 FY2015 50 - Wholesale & Manufacturing Food Retail Food Courts Others Distribution In $ million FY 2013 FY 2014 FY 2015 Wholesale & Distribution 217.0 238.8 242.9 Manufacturing 43.0 46.8 50.6 Food Retail 71.7 76.4 78.7 Food C
Slide 7: Financials – Profitability by Segments
Financials – Profitability by Segments (excluding exceptional items) 15 In $ million 10 5 FY2013 FY2014 FY2015 - Wholesale & Manufacturing Food Retail Food Courts Others Distribution (5) (10) In $ million FY 2013 FY 2014 FY 2015 Wholesale & Distribution 14.0 11.7 10.1 Manufacturing 5.3 7.4 10.6 Food
Slide 8: Manufacturing
Manufacturing Revenue - Increase in sales of key Sunshine products - Successful launch of new products Segment Profit - Higher gross profit with better cost management - Improvement in production productivity Strictly Private & confidential 8
Slide 9: Sunshine Bakeries Market Share
Sunshine Bakeries Market Share As of Mar’16, Sunshine market value hits a high of $38.4M (29.9% market share) * Nielsen retail audit for period ending March 2016 for modern trade & GT channel. Strictly Private & confidential 9
Slide 10: New Bread Launch in 2015
New Bread Launch in 2015 Sunshine Sprouted White Bread In Oct 2015, Sunshine launched the only Healthier Choice White Bread in Singapore, in a collaborative effort with the Health Promotion Board. Strictly Private & confidential 10
Slide 11: Wholesale & Distribution
Wholesale & Distribution Revenue - Inception of new agencies - Introduction of new agency products and deepened house brand sales - Intensification of penetration into Food Service segment Segment Profit - Higher operating cost in Singapore and Malaysia - Impact of a weaker ringgit in Malaysia Stric
Slide 12: New Agencies in 2015
New Agencies in 2015 • Successful launch of new products – Biscuits, Cheese, Chocolate & Confectionery Strictly Private & confidential 12
Slide 13: Key Achievements
Key Achievements • Number 1 market position for our house brands – SCS & Buttercup in Singapore and Malaysia FY 2015 FY 2016 Singapore - Market Share - SCS Butter 38% 38% Malaysia - Market Share - SCS Butter 31% 40% - Buttercup 73% 78% * Nielsen retail audit for periods ending March 2015 and Feb 201
Slide 14: Award & Accolades 2016 SCS & Sunshine
Award & Accolades 2016 SCS & Sunshine Award published in Singapore Woman Weekly Magazine (February 2016) SCS – 3rd year to be voted by public as best unsalted butter block Sunshine Family Size Pizzas Strictly Private & confidential 14
Slide 15: Food Retail
Food Retail Revenue - Increase in retail sales generated by outlets in Hong Kong offset by lower sales in Singapore and closure of under-performing outlets in Malaysia Segment Loss - Reduction in losses due to higher sales arising from intensive promotional activities - Lower operating cost attribut
Slide 16: New Store in 2015 – Hong Kong
New Store in 2015 – Hong Kong Strictly Private & confidential 16
Slide 17: Food Courts / Food Junction Group
Food Courts / Food Junction Group Revenue - Decline in sales due to the closure of under-performing restaurants and outlets during the year Segment Loss - Rationalization of restaurant division - Performance of foodcourt division in 2015 impact by initial gestation period with opening of 3 new food
Slide 18: Food Courts
Food Courts In 2015, we revamped two key food courts, The Food Place at Raffles City and Food Junction at Junction 8, to enhance customers’ dining experience. Raffles City Junction 8 Quill City Mall IOI Mall Strictly Private & confidential
Slide 19: Food Courts
Food Courts We have launched RSVP card during the year, the first pre-paid loyalty programme in food courts, introducing Retailer Store Valued Programme, which allows patrons to enjoy cashless dining at Food Junction outlets at a discount. Strictly Private & confidential
Slide 20: Looking Ahead
Looking Ahead “Reinforcing our capabilities, our direction in the next 12 months will be to refocus our energies, time and resources on our core strengths to build up our brands and strengthen our performing businesses…” “…This transformation will equip us for further growth in the future, creating
Slide 21: Q1 FY2016 vs Q1 FY2015
Q1 FY2016 vs Q1 FY2015 The Group’s rationalization exercise in 2015, especially for its food retail segment which saw the closure of non-performing outlets is yielding positive results In $ million Q1 2016 Q1 2015 Revenue 103.2 107.2 Profit before tax 4.9 0.2 EBITDA 8.1 4.6 EBITDA (%) 7.8% 4.3% Net
Slide 22: Thank You
THANK YOU Strictly Private & confidential 22
Auric Pacific Group — Shareholder Meeting (April 2016) on 6ix