Ukrproduct Group Ltd · LSE:UKR
Ukrproduct — FY2011 Earnings Presentation
13 slides from Ukrproduct's earnings presentation, 2012
Slide 1: Ukrproduct Group Ltd Financial Results Presentation FY 2011
Ukrproduct Group Ltd One of the Leading Branded Dairy Companies in Ukraine Financial Results Presentation FY 2011 1
Slide 2: Disclaimer
DISCLAIMER The information in this presentation is subject to updating, completion, revision, further verification and amendment without notice. The presentation refers to certain events having occurred which have not yet occurred but which are expected to occur. This presentation does not constitut
Slide 3: Content
CONTENT Key Operational Highlights Context Outlook Financial Overview Appendix 3
Slide 4: Key Operational Highlights
Key Operational Highlights Encouraging increase in sales of branded/own label products Strengthened market leadership in packaged butter with the market share increased to 23% (2010: 22%) Recovered leadership in processed cheese achieving the market share of 16.3% (2010: 15.5%) Significantly increas
Slide 5: Ukraine – Market Environment
CONTEXT Ukraine – Market Environment § GDP increased by 5.2% in 2011 § Inflation reported at 9.2% according to the IMF § Unemployment rate exceeded 10% § New stringent Tax Code significantly increased the tax burden for 2011 to be mitigated in 2012 via rate reduction of 2% and improved tax planning
Slide 6: Dairy Market Drivers in Ukraine
CONTEXT Dairy Market Drivers in Ukraine § Raw milk prices increased 25% year-on-year, mainly due to the new milk subsidy regime which pushed up prices by approximately 20% § Continuing decline in volume of milk production by average 3% per year makes quality milk procurement a necessity. Sourcing pr
Slide 7: Outlook for 2012
Outlook for 2012 Further sales recovery and margins improvement § Q1’2012 has shown an improvement in both sales and margins § Raw milk prices are stabilizing at a lower level due to partial return to the previous subsidy regime § The Group will pursue its strategy for growth with a clear focus on:
Slide 8: Financial Overview
Financial Overview (GBP, thousands) 2011 2010 Revenue 50 524 45 020 Gross Profit margin 14% 16% EBITDA 1 861 2 637 EBITDA margin 4% 6% Operating Income 971 1 569 Tax (431) (103) Profit after Tax 400 1 094 Earnings per share, pence 1,00 2,69 ROA 1.3% 4.3% ROE 2.1% 5.8% 8
Slide 9: Segment Sales and Profitability
FINANCIAL OVERVIEW Segment Sales and Profitability Sales (GBP ‘000) (UAH ‘000) (tonnes) y-on-y y-on-y y-on-y Segments 2011 2010 2011 2010 2011 2010 change change change Branded products 34 694 31 828 9% 443 228 388 414 14% 15 953 15 206 5% Distribution services 8 359 3 279 155% 106 773 40 013 167% 3
Slide 10: Cash Flow, Debt and CapEx
Cash Flow, Debt and CapEx (GBP, thousands) 2011 2010 Net Cash Flow from Operating Activities (302) 362 Net Cash Flow from Investing Activities (3 479) (707) Net Cash Flow from Financing Activities 3 617 785 Net Change in Cash (164) 440 Cash, end of period 512 676 CapEx 3 792 357 Total Debt 7 358 2 9
Slide 11: Strategic Position
Strategic Position Cheese & butter plant in Zhytomyr Production of processed cheese and packaged butter Dairy plant in Starokonstantyniv Production of bulk and packaged butter&spreads, skimmed milk powder fia] Dairy plant in Krasytiv Milk collection and production of semi-processed dairy ingredients
Slide 12: Brand Portfolio
Brand Portfolio 18 Premium market The Butter Kremlin Cheeses & butter Middle market Our Dairyman Cheeses & Butter Kvass Mass market Farmer' People's Product Spreads s Butter Butter Our Cheese Processed Cheese 12
Slide 13: Investor Relations Manager
Investor Relations Manager Mariia Borodaieva Tel: +38 044 502 80 14 13 Email: ir@ukrproduct.com