Bua Foods Plc · NSENG:BUAFOODS
Bua Foods — FY2024 Earnings Presentation
32 slides from Bua Foods's earnings presentation, 2025
Slide 1: Presentation to Investors and Analysts for Full Year 2024 Performance
Presentation to Investors and Analysts for Full Year 2024 Performance
Slide 2: Disclaimer (1/2)
Disclaimer (1/2) ▪ This presentation has been prepared by BUA Foods PLC (“BUA Foods” or the “Company”) to provide an overview of the Company. “Presentation” means this document, its contents or any part of it, any oral presentation, any question or answer session and any written or oral material dis
Slide 3: Disclaimer (2/2)
Disclaimer (2/2) ▪ The presentation includes market share and industry data obtained by the Company from industry publications and surveys and internal surveys. BUA Foods may not have access to the facts and assumptions underlying the numerical data, market data and other information extracted from
Slide 4: Presenters
Presenters Ayodele Abioye (PhD, MNSE) Abdulrasheed Olayiwola Managing Director Chief Financial Officer/ED
Slide 5: Content
Content Page Company Overview 6 Business Operations Highlights 11 Financial Performance Highlights 20 Outlook 29 Q&A 32 5
Slide 6: Company Overview
Company Overview 6
Slide 7: Mium \
\ Mium \ ( RS PRE \ SEMOLINA }
Slide 8: Our Philosophy
OUR PHILOSOPHY pvISION To fulfil Africa's food demands by promoting food security and nourishing lives To provide high quality foods with a focus on creating long-term WT value for all stakeholders Our Core Values Respect Innovation Commitment Excellence Give it! It's all about We take our We will a
Slide 9: Our Growth Phases Defined by a Clear and Compelling Vision
Our Growth Phases has been Defined by a Clear and Compelling Vision Our Journey • BUA Foods began as part of BUA Group, primarily engaged in trading commodities such 1990’s as rice. • Acquisition of Golden Oil Limited and Nigeria Oil Mills Limited • Establishment of BUA Sugar Refinery Limited. 2000
Slide 10: Our Brand is Evolving, Creating Value, Promoting Food Security & Nourishing Lives
Our Brand is Evolving, Creating Value, Promoting Food Security & Nourishing lives 8 5 2 +3k Plants across Business Divisions Strategic Subsidiaries Direct & Indirect Jobs the country ₦7.47 Trillion 3rd 1 +358% Market Capitalization Most Valuable Most Profitable Food Revenue Growth Stock on The Busin
Slide 11: Business Operation Highlights
Outline Business Operation Highlights 11
Slide 12: Slide 12
Slide 13: Heightened Volatility in Macroeconomic Operating Environment - 2024
Heightened Volatility in Macroeconomic Operating Environment -2024 Monetary Policy Rate Headline / Food Inflation Exchange Rate- Official 27.5% 18.75% 34.80%/ 28.92%/ N1535.82/$ N898.9/$ 39.84% 33.93% Dec 2024 Dec 2023 Dec 2024 Dec 2023 Dec 2024 Dec 2023 GDP Growth Rate Stock Market Capitalization O
Slide 14: Resilient Growth Performance Despite Challenges in the Operating Environment
Resilient Growth Performance Despite Challenges in the Operating Environment. OPERATIONAL FINANCIAL Returns to Investors Earnings Per Share (EPS) Volume up 18% to Revenue up 109% up 137% to 1,278,875Mt to ₦1.53 Trillion ₦14.78k Return on Equity (ROE) Cost/ton up 79% Operating Profit up up 1920bps to
Slide 15: We Sustained an Upward Growth Trajectory Over the Years
We Sustained an Upward Growth Trajectory Over the Years Revenue and Profit After Tax (PAT) Growth Revenue and Cost of Sales Trend (₦ Billion) (₦ Billion) 1,527 1,527 987 729 729 418 418 468 333 333 265 286 230 69 91 112 2021 2022 2023 2024 2021 2022 2023 2024 REVENUE PAT REVENUE Cost of Sales Revenu
Slide 16: Total Volume Growth Enabled by Our Expansion Strategy
Total Volume Growth Enabled by Our Expansion Strategy Volume 2024 1278 Volume 1120 (mMT) 952 976 FY 2021 FY 2022 FY 2023 FY 2024 Volume Growth YoY 12% 12% 76% 76% 24% 24% 4% 4% BUA Foods Plc | FY 2024 Investors & Analysts Conference Call 16
Slide 17: Healthy Capital Market Performance
Healthy Capital Market Performance We have remained committed to sustaining value to our shareholders 10x 17x 9x Market Cap Shareholder Count % of NGX Market Cap 2021: ₦720 BN 2021: 324 2021: 2.02% 2024: ₦7.47 TN 2024: 5,574 2024: 18.3% 1.9x Respect 10x Annual Trading Share Price/Unit Volume 2021: ₦
Slide 18: Driving Sustainability through Environmental and Social Investment
Driving Sustainability through Environmental and Social Investment We remain committed to responsible Community Regulatoryand andEnvironmental Engagement Stakeholders Engagement production and environmental stewardship Air Quality (ppm): Noise Pollution (Decibel): Actual: 0.32 Actual: 83 Target: 0.5
Slide 19: Awards & Recognitions
Awards & Recognitions Community Engagements Dangote Cement Long Service Award and Graduate Trainee Graduation BUA Foods Plc | FY 2024 Investors & Analysts Conference Call Dangote Cement | Page 4
Slide 20: Financial Performance Highlights
SECTION 3: Q1 2024 Financial Performance Highlights Financial Performance Highlights 20
Slide 21: Outline
Outline Business Operations Highlights 11
Slide 22: Effective Cost Management Results in 2x EBITDA Growth in 2024
Effective Cost Management Results in 2x EBITDA Growth in 2024 ₦’ Billions EBITDA • Revenue grew by 109% year-on-year to ₦1.52 trillion in FY 2024 from 499.4 ₦729.44 billion. • Cost of sales increased by (+110%) to ₦987.10 billion in FY 2024 from S&D- 40.3 ₦468.98 billion driven primarily by an incre
Slide 23: Sustaining Double Growth with Exceptional Financial Performance
Sustaining Double Growth with Exceptional Financial Performance PROFIT BEFORE TAX (PBT) PROFIT AFTER TAX (PAT) Profit Before Tax (PBT) up 163% Profit After Tax (PAT) up 137% to N284 billion from N108 to N265 billion from N112 billion recorded in the PY billion recorded in the PY GROSS PROFIT EARNING
Slide 24: Growth in Revenue Driven by Increased Volume, Strategic Pricing, and Optimized Product Mix
Growth in Revenue Driven by Increased Volume, Strategic Pricing, and Optimized Product Mix 1527 Revenue (NBn) 729 418 333 FY 2021 FY 2022 FY 2023 FY 2024 Revenue Drivers 48% 39% 13% 0.4% BUA Foods Plc | FY 2024 Investors & Analysts Conference Call 24 24
Slide 25: Key Cost Drivers and Our Strategies for Effective Management
Key Cost Drivers and Our Strategies for Effective Management Cost of Sales (+110%) Selling & Distribution Cost (+35%) Admin Expenses (66%) • Increased cost of goods sold proportional to • Selling and distribution costs rose significantly, • Administrative expenses also increased. increase in volume
Slide 26: Sustaining Profitability Amidst Rising Input Cost
Sustaining Profitability Amidst Rising Input Cost Gross Profit (N’Billion) 541 260 102 132 FY 2021 FY 2022 FY 2023 FY 2024 Profit After Tax (N’Billion) 265 PAT 2024 112 91 69 FY 2021 FY 2022 FY 2023 FY 2024 BUA Foods Plc | FY 2024 Investors & Analysts Conference Call 26
Slide 27: Consistent Yield, Increased Returns to Investors
Consistent Yield, Increased Returns to Investors EARNINGS PER SHARE (EPS N:K) 14.78 5.07 6.23 4.24 FY 2021 FY 2022 FY 2023 FY 2024 DIVIDEND PER SHARE (DPS N:K) (Proposed) 13.0 5.50 3.50 4.50 FY 2021 FY 2022 FY 2023 FY 2024 BUA Foods Plc | FY 2024 Investors & Analysts Conference Call
Slide 28: Sustained Business Resilience Leveraging Growing Retained Earnings
Sustained Business Resilience Leveraging Growing Retained Earnings Total Assets (N’Billion) Total Assets 2024 1070 1095 593 607 Revenue FY 2021 FY 2022 FY 2023 FY 2024 Retained Earnings (N’Billion) 421 Retained Earnings (CAGR) Retained Earnings 2024 254 196 222 Revenue FY 2021 FY 2022 FY 2023 FY 202
Slide 29: Outlook
Outlook 30
Slide 30: Financial Performance Highlights
SECTION 3: Q1 2024 Financial Performance Highlights Financial Performance Highlights 22
Slide 31: Six Fundamental Drivers Defining Our Strategic Priorities
Six Fundamental Drivers Defining Our Strategic Priorities We are committed to delivering double digits growth across our key business metrics. 1 4 2 5 3 6 BUA Foods Plc | FY 2024 Investors & Analysts Conference Call
Slide 32: Q&A Thank You
Q&A Thank Thank You BUA Foods PLC BUATowers, PC 32, You Churchgate Street Victoria Island, Lagos. Tel: +234 461 0669 +234 1 262 3535 Email: ir@buafoodsplc.com