Want Want China Holdings Limited · HKEX:151
Want Want China — H1 FY2024 Earnings Presentation
11 slides from Want Want China's earnings presentation, Nov 25, 2024
Slide 1: Presentation on Interim Results for the Six Months Ended 30 September 2024
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in relia
Slide 2: Interim Results - Disclaimer
Interim Results Six months ended September 30 2024 November 25 2024 DISCLAIMER The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and no representation or warranty express or implied is made as to, and n
Slide 3: Financial Highlights and Unit Cost Trend
Financial Highlights Unit: RMBmn (unless otherwise stated) 1H FY23 1H FY24 YOY ü Primarily the result of weakening popsicles sub-category, due to weather and sales operational rhythm Revenue 11,275 10,877 3.5% ü Channel diversification：emerging channels ↑; snack specialty retail system ↑ ü Overseas
Slide 4: Rice Crackers Segment; Dairy Products and Beverages Segment
RICE CRACKERS SEGMENT ü Revenue breakdown and gross margin ü 1H FY24 revenue of rice crackers segment Unit: RMBmn • Low single-digit ↑ in sales volume • Overseas markets grew rapidly 43.8% 41.8% • Content e-commerce, vending machine, OEM, and other emerging channels ↑ double-digit YoY=0.2% 2,060 2,0
Slide 5: Snack Foods Segment; Operating Expenses and Expense Ratio
SNACK FOODS SEGMENT ü Revenue breakdown and gross margin Unit: RMBmn 43.0% 44.3% • Revenue contribution from new products launched within past 5 years >20% YoY • Revenue from “Lonely God” and “Tube =9. 9% Sweetie” achieved new record high 3,032 • Overseas market maintained rapid growth 2,731 momentu
Slide 6: Distribution Costs; Working Capital
DISTRIBUTION COSTS ü Distribution costs breakdown ü Distribution costs as % of revenue Unit: RMBmn • Other costs to revenue ratio ↓ due to : Y oY staff efficiency ↑, leading to staff costs ↓ = 7 .2 % 1,475 1,369 7.0% 6.5% 3.6% 3.7% 2.5% 2.4% 1H FY23 1H FY24 A&P expenses 1H FY23 1H FY24 Transportatio
Slide 7: Cash and Borrowings; Capex
CASH and BORROWINGS CAPEX Unit: RMBmn Unit: RMBmn Item 2024.03.31 2024.09.30 YOY 359 Cash&bank balances 16,006 15,425 (581) + long-term bank deposits 220 - Total borrowings 5,351 6,331 980 Among：RMB denominated borrowings 5,092 6,213 1,121 % 95% 98% 1H FY23 1H FY24 Net Cash 10,655 9,094 (1,561) 11 M
Slide 8: Dairy Products and Beverages Segment; Rice Crackers Segment
DAIRY PRODUCTS and BEVERAGES SEGMENT Dairy products and beverages Limited sports edition of “Hot-Kid Milk” catering to consumers' sports enthusiasm revenue ↓ 1.4% Affected by insufficient economic momentum, demand has weakened Actively exploring new channels，content e- commerce and OEM ↑ double-digi
Slide 9: Snack Foods Segment; Channel Diversification
SNACK FOODS SEGMENT Snack foods revenue ↓ 9.9% ü Affected by weather and sales operational rhythm of popsicles ü “Lonely God” and “Tube Sweetie” achieved new ü Through products upgrades, strengthening cooperation with record high popsicles distributors, cultivating points of sale to prepare for ü Ov
Slide 10: Prospect
Prospect Embracing the Chinese New Year peak Continuing brand differentiation and sales season product diversification strategy Creative and interesting digital marketing, Exploration of the diversified enhancing interaction with consumers emerging channels OEM 17
Slide 11: Contact us
Contact us: investor@want-want.com
Want Want China Holdings — H1 FY2024 Earnings Presentation on 6ix