Universal Robina Corp. · PSE:URC
Universal Robina — Shareholder Meeting (April 2008)
11 slides from Universal Robina's shareholder meeting presentation, Apr 17, 2008
Slide 1: Shareholders Presentation
Shareholders Presentation April 17, 2008
Slide 2: Major Developments in FY2007
OVERVIEW Major Developments in FY2007 Branded Consumer Foods (Philippines) •Split the Snacks and Biscuits tertiary sales force to improve coverage in downscale accounts •Acquired the water business of Nestle Waters Philippines •Expanded coffee capacities in our Rosario coffee plant; concluded leasin
Slide 3: Financial Performance Highlights
FINANCIAL PERFORMANCE Highlights Sales (PhP MM) FY 2007 Q1 2008 Net Sales BCFG* 28,370 +7% 8,316 +17% 37,721 Agro- 5,649 +11% 1,494 +10% 35,184 Industrial Commodity 3,702 +6% 1,049 +42% 0 10,000 20,000 30,000 40,000 Foods (Net) Operating Income Total URC 37,721 +7% 10,859 +18% 3,180 Operating Income
Slide 4: Branded Consumer Foods - Philippines
FINANCIAL PERFORMANCE Branded Consumer Foods - Philippines • Domestic market recovers Sales (PhP MM) FY 2007 Q1 2008 from slow growth in Snackfoods 11,760 +8% 3,508 +22% previous year Beverage 5,360 +50% 1,497 +25% • Snackfoods grows on improved demand and Grocery 2,222 (4%) 682 +5% split of Snacks/
Slide 5: Philippine Market
PHILIPPINE MARKET Snackfoods growing steadily Chocolates +10% 3-in-1 coffee +56% Soft/Hard Candies +8% Isotonic drinks +47% Snacks +5% Tea +41% Biscuits +0% Energy drinks +19% RTE – Beans +1% Packaged water +9% Instant Noodles -1% Ready to drink – Coffee +9% Tomato Sauce -10% Carbonated soft drink +
Slide 6: Branded Consumer Foods - International
FINANCIAL PERFORMANCE Branded Consumer Foods - International • Operating losses in China Sales (US$ MM) FY 2007 Q1 2008 being tempered Thailand 75 +21% 24 +24% • Sales soaring in Thailand Malaysia/SG 32 +5% 8 +24% and Vietnam Indonesia 23 (25%) 6 (13%) • C2 sales volume in China/HK 14 (32%) 5 +48% V
Slide 7: Agro-Industrial Group
FINANCIAL PERFORMANCE Agro-Industrial Group URC Feeds Sales (PhP MM) FY 2007 Q1 2008 • Rising costs of inputs such Feeds 2,637 +19% 683 +8% as corn and feed wheat Farms 3,012 +5% 811 +12% URC Farms Total 5,649 +11% 1,494 +10% • Higher prices caused by lowered supply due to Operating Income (PhP MM)
Slide 8: Commodity Foods Group
FINANCIAL PERFORMANCE Commodity Foods Group URC Sugar Sales (PhP MM) FY 2007 Q1 2008 • Mill expansion finished in Flour 3,604 +2% 1,280 +36% time for 2008 milling Sugar 2,698 +30% 495 +16% season • PASSI sugar mill acquired Subtotal 6,302 +13% 1,775 +30% in October Transfers (2,600) +24% (726) +15%
Slide 9: Assets and Liabilities
FINANCIAL PERFORMANCE Assets and Liabilities Balance Sheet FY 2007 Q1 FY2008 Gross Debt and Cash (PhP MM) (PhP MM) Cash and Cash 21,592 19,669 Equivalents 25,000 Other Current Assets 11,747 13,536 21,592 Property Plant and 22,267 22,504 19,669 Equipment – net 20,000 18.831 18.977 Other non-current 3
Slide 10: Plans and Expectations
PLANS Plans and Expectations Corporate •Paid off URC 08 bond •Continue 50% dividend pay-out policy •Pursue M&A that will add value to the company •Capital expenditures of about P3 billion in FY2008 •Stock buy-back program Expectations •Positive trends in domestic BCFG to continue, especially in snac
Slide 11: The End
10 UNIVERSAL ROBINA CORPORATION The End