Zambeef Products Plc · LSE:ZAM
Zambeef Products — H1 2015 Earnings Presentation
17 slides from Zambeef Products's earnings presentation, Mar 31, 2015
Slide 1: Interim Results for the six months to 31 March 2015
Interim Results for the six months to 31 March 2015
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT (“DOCUMENT”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR GENERAL BACKROUND INFORMATION. THE DISTRIBUTION OF THIS DOCUMENT MAY BE RESTRICTED BY LAW. ACCORDINGLY, THIS DOCUMENT MAY NOT BE DISTRIBUTED IN ANY JURISDICTION EXCEPT IN ACCORDANCE WITH THE L
Slide 3: Overview
Overview HIGHLIGHTS GROSS PROFIT 2015: ZMW 323m 25.3% EBITDA INCREASED NET CASH INFLOW 2014: ZMW 258m GROUP GROSS PROFITS by 56.4% to ZMW 75m from operating activities INCREASED excluding Zamanita INCREASED by 25.3% to ZMW 323m EBITDA including Zamanita (91.9% to ZMW 92m by 165% to ZMW 168.2m (2014:
Slide 4: H1 2015 Financials
H1 2015 Financials 4
Slide 5: Abridged Income Statement
Abridged Income Statement 31 March 2015 31 March 2014 ZMW'000 ZMW'000 % Change Revenue 844 078 789 496 6.91% Cost Of Sales (520 596) (531 348) -2.02% Gross Profit 323 482 258 148 25.31% Other Income - - 0.00% Administrative Expenses (261 420) (242 944) 7.61% Administrative Expenses (excluding deprec
Slide 6: Abridged Balance Sheet
Abridged Balance Sheet 31 March 2015 31 March 2014 30 September 2014 ZMW'000 ZMW'000 ZMW'000 Non-Current Assets 1 786 757 1 566 716 1 612 530 Current Assets 658 626 649 788 724 428 Total Assets 2 445 383 2 216 504 2 336 958 Capital and Reserves 1 368 993 1 323 716 1 343 338 Non-Current Liabilities 4
Slide 7: Abridged Cash Flow
Abridged Cash Flow 31 March 2015 31 March 2014 30 September 2014 ZMW'000 ZMW'000 ZMW'000 Profit Before Taxation (19 573) (36 802) (21 159) EBITDA 92 317 48 105 107 365 Movement in Working Capital 75 858 15 305 (25 809) Cash inflow/(outflow) from Operating Activities 168 175 63 410 81 556 Cash inflow
Slide 8: Divisional Revenue and Gross Profit
Divisional Revenue and Gross Profit 2015 2014 2015 2014 Gross Revenue Revenue 2015 2014 Gross Profit 2015 2014 2015 2014 Profit % of Segment ZMW'000 ZMW'000 % Change % of Group % of Group ZMW'000 ZMW'000 % Change % of Group GP % GP % Group Crop-Row Crops 163 654 159 412 2.66% 15.98% 16.79% 97 750 76
Slide 9: Divisional Review
Divisional Review PERISHABLES FARMING MANUFACTURING BEEF CROPPING EDIBLE OILS 53.67% 28.11% 15.38% GP: ZMW 65.2m GP: ZMW 97.8m GP: ZMW 29.6m • Commercial cattle supply stable • 16,104 Ha planted • Crushed 34,050 M.T. • Traditional cattle supply pressure – predominantly soya and maize • Challenges –
Slide 10: Segmental Summary
30.22% 15.98% Crops 29.56% 16.79% Crop-Row 20.15% 17.89% Beef 16.43% 17.86% 9.66% 18.44% Feed Stock 10.68% 16.34% 9.14% 14.02% Oils Edible 13.54% 18.97% 7.70% 4.74% Milk 7.34% 3.96% Segmental Summary 6.67% 8.08% 6.70% Chicken 7.75% 4.44% 7.22% Pork 2.47% 5.19% 3.39% 5.02% 4.44% 4.25% Nigeria Master
Slide 11: Divisional 2015 & 2014 Gross Profit (ZMW’000)
Divisional 2015 & 2014 Gross Profit (ZMW’000) 120,000 97,750 100,000 GROSS PROFIT (ZMW) 2015 2014 76,303 80,000 65,189 60,000 42,421 34,942 31,241 40,000 29,566 27,578 24,904 21,565 18,937 17,294 14,372 12,711 11,462 20,000 7,724 6,422 6,364 5,918 5,880 5,639 5,420 4,288 2,880 2,535 2,325 - Crop-Row
Slide 12: Retail
Retail 39 SHOPRITE STORES 23 in Zambia, 11 in Nigeria, 5 in Ghana CORE COLD CHAIN FOOD PRODUCT REVENUE 98 2 NEW SHOPRITE STORES ZAMBEEF STORES 93 in Zambia, 5 in Nigeria opened during H1 2015 – 1 in Zambia, 1 in Ghana Beef Chicken New Zambeef NEW PROCESSING AND WHOLESALE OPENED DISTRIBUTION HUB at K
Slide 13: Outlook
Outlook Focus on Strategic Priorities: Retailing of cold chain meat Chicken Breeder Farm, Trading continuing and dairy products Hatchery and new West African trend set in H2 2014 Unlocking value and capital gains Stock Feed Plant at expansion and H1 2015 within the group and reducing Mpongwe Farm de
Slide 14: Appendices
APPENDICES APPENDICES Appendices 14
Slide 15: The Zambeef Platform in Africa
The Zambeef Platform in Africa Zambia • One of the fastest growing economies in Sub-Saharan Africa (“SSA”). • GDP growth averaging >6.5% over last five years and forecast to grow at c.6% over next three years. • Rapidly expanding consumer base, driven by an emerging middle class and high levels of u
Slide 16: Why Invest In Africa?
Why Invest In Africa? TODAY FUTURE Strengthening external demand is expected Increased to 4.7% in 2013 supported by to support growth over the forecast period, GDP Growth robust domestic demand, notably with GDP growth projected to rise to 5.5% investment growth in 2016 Estimated to increase to 1.4
Slide 17: Private Bag 17 Private Bag 17 Plot 4970
Private Bag 17 Private Bag 17 Plot 4970 Woodlands Woodlands PlotIndustrial Manda Road 4970 Area Manda Road Industrial Area Lusaka Lusaka Zambia Zambia Tel: +260 211 369 000 Tel:Fax: +260 211 211 +260 369 369 000 050 Fax: +260 211 369 050 www.zambeefplc.com www.zambeefplc.com 17