Astarta Holding PLC · GPW:AST
Astarta — H1 2011 Earnings Presentation
12 slides from Astarta's earnings presentation, August 2011
Slide 1: Results of the 1st half of 2011
ASTARTA Holding N.V. Results of the 1st half of 2011 August, 2011
Slide 2: Disclaimer
Disclaimer This presentation is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. This presentation comprises the written materials/slides for a presentation concerning ASTARTA Ho
Slide 3: Agenda
Agenda Introduction Key Financial Highlights Segments Overview 1H 2011 Financials 3
Slide 4: Introduction
Introduction Macroeconomic situation in Ukraine • The Ukrainian Government reduced the state budget deficit in 1H11 by $438 million to 2.7% of GDP, compared to 3.1% of GDP in the same year-ago period. • Ukraine’s 1H11 GDP grew 4.4% in in real terms, retail trade turnover was up 15.2% YoY in 1H11, ve
Slide 5: Key Financial Highlights
Key Financial Highlights External Revenue Breakdown 1 H 2011 1 H 2010 Cattle Other Other Cattle farming 8% 1% 1% farming; 9% Crops 16% Crops 23% Sugar byproducts 2% Sugar; Sugar 73% Sugar 64% byproducts 3% • Revenues grew 17% y-o-y and amounted to EUR 116 million. Growth of revenues was driven by in
Slide 6: Key Financial Highlights
Key Financial Highlights Key financials • The strongest contributor to the revenues’ growth dynamics was crop sales which increased 72% y-o-y, followed by dairy segment sales showing 35% increase EUR '000 1H 2011 1H 2010 %, y-o-y • G&A expenses decreased y-o-y by 1%, thus constituting 3.5% of the re
Slide 7: Agricultural segment overview
Agricultural segment overview Key highlights Diversified crop production, 2011 • ASTARTA in optimal terms finished a spring sowing campaign. (shares of ha planted) Traditionally the key crops were sugar beet with 20% share and Sunflower Other 6% wheat with 18%. Sugar 7% beet • The company successful
Slide 8: Sugar segment overview
Sugar segment overview Key considerations Sugar global inventory to consumption ratio, 1960-2010 • Revenues in sugar segment increased 4% y-o-y and comprised EUR 78 mln 150 140 • The average domestic price for sugar in the first six months of 2011 130 was 13% higher than for the same period last yea
Slide 9: Cattle farming sector overview
Cattle farming sector overview Population of cows and milk production at ASTARTA Key highlights 33 • The construction of a second phase of modern dairy livestock facility in Poltava region entered into active stage and will double its capacity. 25 22 • In June population of cows increased to almost
Slide 10: Income statement
Income statement EUR '000 2007 2008* 2009 2010 1H 2010 1H 2011 Revenue 87 747 123 382 128 239 219 330 99 315 116 145 Cost of goods sold (66 867) (96 262) (82 638) (128 319) (48 051) (68 513) Gain (loss) from produce remeasurement 3 722 7 527 (2 241) 177 (3 588) (7 009) Gross profit 24 602 34 647 43
Slide 11: Balance sheet
Balance sheet EUR '000 2007 2008 2009 2010 H1 2010 H1 2011 PP&E 77 919 72 717 105 495 140 282 135 739 149 094 Biological assets 6 380 5 150 12 747 14 926 14 060 13 549 Other 1 228 5 796 5 601 7 472 8 451 30 769 Non-current assets 85 527 83 663 123 843 162 680 158 250 193 412 Inventories 51 855 55 37
Slide 12: Cash flow statement
Cash flow statement EUR '000 2007 2008 2009 2010 1H 2010 1H 2011 (Loss) prof it bef ore t ax 21 418 -10 803 29 874 79 626 42 026 59 570 Adjustments for: Depreciation and amortization 5 043 9 450 8 178 13 198 7 856 7 443 Gain on acquisition of subsidiaries (5 050) (8 951) (172) (4 016) (2 284) (6 849