Charoen Pokphand Foods Public Co. Ltd. · SET:CPF
Charoen Pokphand Foods Public — Charoen Pokphand Foods — FY2014 Earnings Presentation
19 slides from Charoen Pokphand Foods Public's earnings presentation, Feb 27, 2015
Slide 1: 2014 Results Briefing
Charoen Pokphand Foods Plc. 0/50 2014 RESULTS BRIEFING February 27, 2015
Slide 2: Content
2014 : Results Briefing Content Business Overview 2014 Results Briefing Financial Highlights Future Plan
Slide 3: CPF Investment Highlights
2014 : Results Briefing CPF Investment Highlights 2/50 A leading global integrated agro-industrial and food company Well-diversified portfolio with exports to 40 countries and operations in 14 countries catered to 3 billion population Capture strong growth opportunity in emerging markets Build key p
Slide 4: Company Facts (as of December 31, 2014)
2014 : Results Briefing Company Facts (as of December 31, 2014) 3/50 Vision : Kitchen of the World Position • One of the World’s leading listed animal feed manufacturers • One of the World’s leading listed swine producers and shrimp integrated businesses • Member of “SET50”, Ticker “CPF” under Agro-
Slide 5: CPF Operational Structure
2014 : Results Briefing CPF Operational Structure 4/50 CPF (Consolidated) 2014 : Sales: THB 426,039 m Net Profit: THB 10,562 m 41% of Sales 59% of Sales Associate & Jointly- CPF Thailand CPF International Controlled Entities 35% of Sales 42% of sales 17% of sales CPP- HKSE:43 TW:1215 CPE Taiwan (32.
Slide 6: Vertically Integrated Business Model
2014 : Results Briefing Vertically Integrated Business Model 5/50 Integrated operating platform for safety & quality control Livestock (Broiler, Layer, Swine, Duck) and aquaculture (Shrimp & Fish) Food & Adding Branding & Feedmilling Breeding Farming Processing Retail Value Marketing Outlets Live Fr
Slide 7: CPF Leading Footprints
2014 : Results Briefing CPF Leading Footprints 6/50 UK Russia Food processing plant • Livestock feed • Swine farming Belgium Food processing plant Taiwan China - CPP Livestock integrated • Livestock and aquaculture feed business Turkey • Aquaculture farming Chicken integrated Laos business Livestock
Slide 8: 2014 Summary
2014 : Results Briefing 2014 Summary 7/50 Challenges Managing shrimp recovery against EMS disease Latest Activities Finance Issued 0.5% exchangeable bonds (“EB”) on Jan 15,2014 (USD 290.4 m, EB due 2019) Acquisition Acquired 80.02% stake in Tops Foods, Belgium on Jan 20, 2014 (THB 408 m) Acquired 15
Slide 9: 2014 Results Highlights
2014 : Results Briefing 2014 Results Highlights 8/50 Revenue increased 9% y-o-y to THB 426,039m in 2014 Gross Profit increased 47% y-o-y to THB 57,279m in 2014, Gross profit margin increased from 10.0% in 2013 to 13.4% in 2014 due to improvement from the livestock farming operations in Thailand and
Slide 10: 2014: Sales & Gross Profit Margin by Business
2014 : Results Briefing 2014: Sales & Gross Profit Margin by Business 9/50 +9% In THB, m 426,039 2013 389,251 2014 +10% +8% 212,186 192,587 145,703 135,440 +19% +2% 28,902 29,571 32,322 38,579 Thai-Livestock Thai-Aqua Overseas-Livestock Overseas-Aqua TOTAL GPM 12.0% 15.9% -6.3% -3.3% 11.6% 14.7% 6.1
Slide 11: 2014: Consolidated Sales Structure
2014 : Results Briefing 2014: Consolidated Sales Structure 10/50 Sales Breakdown 2013 % to Sales 2014 % to Sales % Change Thailand 164,342 42% 175,274 41% 7% Domestic 134,362 35% 148,288 35% 10% Export 29,980 8% 26,986 6% -10% China 110,735 28% 115,593 27% 4% Vietnam 54,796 14% 64,941 15% 19% Others
Slide 12: 2014: Consolidated Sales Structure by Business
2014 : Results Briefing 2014: Consolidated Sales Structure by Business 11/50 Sales Breakdown Livestock Aqualculture Total 2013 2014 %Change 2013 2014 %Change 2013 2014 %Change Thailand 135,440 145,703 8% 28,902 29,571 2% 164,342 175,274 7% Domestic 117,028 125,778 7% 17,334 22,510 30% 134,362 148,28
Slide 13: 2014: Consolidated Sales by Products
2014 : Results Briefing 2014: Consolidated Sales by Products 12/50 Sales Breakdown by Products Feed Farm Food Total 2013 2014 %Change 2013 2014 %Change 2013 2014 %Change 2013 2014 %Change Thailand 51,243 51,850 1% 69,922 79,212 13% 43,177 44,212 2% 164,342 175,274 7% Domestic 50,870 51,597 1% 63,282
Slide 14: 2014: Consolidated Income Statement Highlight
2014 : Results Briefing 2014: Consolidated Income Statement Highlight 13/50 Quarter 1 Quarter 2 Quarter 3 Quarter 4 2014 2013 2014 2013 2014 2013 2014 2013 2014 %Chg. 2013 2014 %Chg. Net sales 87,424 98,122 93,194 105,834 105,268 112,390 103,365 109,693 6% 389,251 426,039 9% Gross Profit Margin (%)
Slide 15: Financial Status
2014 : Results Briefing Financial Status 14/50 Interest Bearing Debt : THB 195,929 m Net Debt to Equity Total Equity Unit : THB, M Current Net Debt Portion, Net Debt to Equity 7% 1.29 1.10 Bond, 34% 0.99 S/T Loan, 162,377 34% 133,945 166,948 L/T Loan, 25% 120,781 129,572 163,966 2012 2013 2014 2012
Slide 16: Y2015 Key Highlights
2014 : Results Briefing Y2015 Key Highlights 15/50 Target Growth Sales Minimum 10% Key Drivers Gradual improvement of shrimp business Expansion of existing international operations Higher export volume for Thailand uncooked meat (e.g. Japan, Russia, South Korea, Philippines) Mergers and Acquisitions
Slide 17: 5-Year Mission
2014 : Results Briefing 5-Year Mission 16/50 ■ Increase return by growing value added businesses ■ Synergize new investments with existing core operations ■ Capitalize growth opportunity in emerging markets ■ Strengthen brand and expand retail-food business ■ Build transparent corporate governance ■
Slide 18: Disclaimer
Disclaimer 17/50 “This presentation contains some information from other sources, that CPF does not make any representations regarding the use, validity, accuracy, or reliability of, or the results of the use of information, data but not limited to, all text, and images (“the Content”) on this prese
Slide 19: 18/50
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