United Breweries Limited · NSE:UBL
United Breweries — 9M FY2007 Earnings Presentation
11 slides from United Breweries's earnings presentation, January 2007
Slide 1: United Breweries Limited Nine Month ended December 2006
United Breweries Limited Nine Month ended December 2006 Presentation January 2007
Slide 2: Key performance highlights
Key performance highlights • UBL continues to have the top selling mild & strong beer in India • 28% volume growth • Kingfisher growth mild 21%, strong 50% • EBITDA at the end of 3rd quarter 118 Cr. against 85 Cr., growth of 38% • Profit after tax - nearly 100% growth • Planned capacity expansion on
Slide 3: Operational performance
Operational performance
Slide 4: Industry Overview
Industry Overview + 35.4% + 31.2% + 23.07% + 18.17% + 15.69% 11.20% Ytd dec 06 Ytd dec 05 Ytd dec 06 Ytd dec 05 Ytd dec 06 Ytd dec 05 Total Industry Strong Beer Mild Beer
Slide 5: Kingfisher Performance
Kingfisher Performance 18.6m 17.4m +21% +50% 14.4m 12.5m Dec 05 Dec 06 Dec 05 Dec 06 Premium Strong
Slide 6: Financial Performance
Financial Performance
Slide 7: Income results for nine months ended December 2006
Results Dec 06 Nine months ended United Breweries Limited 31.12.2006 31.12.2005 In rupees crore Unaudited # Net Sales/Income from operations 601.10 392.88 Other Income 9.59 10.92 Total Income 610.70 403.80 51% Expenditure Cost of production 283.05 182.76 Advertisement & Sales Promotion 115.48 82.22
Slide 8: EBITDA Dec 05 Vs Dec 06
EBITDA Dec 05 Vs Dec 06 Revenue effect in Rs. Crore Cost effect in Rs. Crore Higher Decrease price of in Interest Inputs, Income, Vol. (14.92) Increase Higher (1.33) driven other Ad increase, Selling spends, Increase 52.17 Costs, (40.43) on (21.82) realisation Higher Higher , 80.88 operating staff c
Slide 9: Summary Balance Sheet
Summary Balance Sheet UBL As at As at As at COMBINED BUSINESS Rupees Million 31.12.06 31.12.05 31.3.06 31.12.06 31.3.06 Sources Share Holders Funds 5,590 3,892 5,072 3,516 3,159 Loan Funds 3,988 2,035 2,534 6,613 5,586 Total Sources 9,578 5,927 7,606 10,129 8,746 Application Fixed Assets 2,823 1,382
Slide 10: Key Ratios
Key Ratios UBL As at As at As at COMBINED BUSINESS Rupees Million 31.12.06 31.12.05 31.3.06 31.12.06 31.3.06 Debt 3,988 2,035 2,534 6,613 5,586 Net Worth 5,590 3,892 5,072 3,516 3,159 GEARING 0.71 0.52 0.50 1.88 PBIDT 1,185 856 1,371 1,410 1,487 Interest 175 149 239 409 529 INTEREST COVER 6.78 5.75
Slide 11: Average Realization and Cost of sales
Average Realization and Cost of sales Sales Realization Cost Index NSR NSR : 120 COS 106 105 45% of all volume in 100 100 105 105 2006-07 has not 80 benefited from a price 60 61 increase 57 59 59 59 40 Cost: 20 Raw material price 0 increase offset by 31/03/2005 31/03/2006 June qtr 31- Sept qtr Dec q