Astarta Holding PLC · GPW:AST
Astarta — 9M 2012 Earnings Presentation
11 slides from Astarta's earnings presentation, 2012
Slide 1: ASTARTA Results for the 9M 2012
ASTARTA leading integrated agroindustrial producer Results for the 9M 2012
Slide 2: Disclaimer
Disclaimer 2 This presentation is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. This presentation comprises the written materials/slides for a presentation concerning ASTARTA
Slide 3: Market Update
Market Update 3 Sugar • Sugar campaign in Ukraine is in progress. So far production of sugar in Ukraine decreased by 16% y-o-y. The number of sugar plants operating decreased from 77 in 2011 to 63 this year • Sugar prices in Ukraine during the nine months of 2012 remained suppressed following overpr
Slide 4: Growth and diversification
Growth and diversification 4 Overview Revenue breakdown • Consolidated revenues increased 26% to EUR Cattle Other; 3% C attle 235 mln farming; 10% f arming; 10% • EBITDA grew 6% y-o-y to EUR 115 mln • Net Profit corrected 10% y-o-y to EUR 84 mln Crops; 22% 9M 2011 9M 2012 • Share of sugar segment de
Slide 5: Segment highlights - Agriculture
Segment highlights - Agriculture 5 Key facts ASTARTA vs Ukrainian crop’s yields in 2012 (t/ha) • Revenues from crop sales grew 63% to EUR 68 million 7 • In terms of volumes crop sales grew 60%. 6 • 58% of the revenues in the segment were generated by 5 export sales. 4 • Export sales in the segment i
Slide 6: Segment highlights - sugar
Segment highlights - sugar 6 Key facts Sugar beet processing capacity (thousand tonnes) • Volumes of sugar sales increased 54%. Still, on lower pricing revenues in the segment grew only 8% 35 • For the nine months, ASTARTA exported a record 20 thousand tones of sugar, or over 8% of its total sugar s
Slide 7: Segment highlights: cattle farming
Segment highlights: cattle farming 7 Key facts Milk output in Ukraine (million tonnes) • Segment's revenues grew 31% y-o-y to EUR 24 million 14,0 Volumes of milk sales increased by 33% 12,0 • Milk production increased by 28% to 64 thousand 10,0 tonnes, driven by a y-o-y increase of cows population b
Slide 8: Income statement
Income statement 8 EUR '000 2007 2008* 2009 2010 2011 9M 2011 9M 2012 Revenue 87 747 123 382 128 239 219 330 303 587 187 334 235 497 Cost of goods sold -66 867 -96 262 -82 638 -128 319 -193 480 -115 721 -167 176 Gain (loss) from produce 3 722 7 527 -2 241 177 10 767 7 029 882 remeasurement Gross pro
Slide 9: Balance sheet
Balance sheet 9 EUR '000 2007 2008 2009 2010 2011 9M 2011 9M 2012 PP&E 77 919 72 717 105 495 140 282 201 715 171 424 215 503 Biological assets 6 380 5 150 12 747 14 926 20 147 18 546 25 761 Other 1 228 5 796 5 601 7 472 29 765 32 104 25 373 Non-current assets 85 527 83 663 123 843 162 680 251 627 22
Slide 10: Cash flow statement
Cash flow statement 10 EUR '000 2007 2008* 2009 2010 2011 9M 2011 9M 2012 (Loss) profit before tax 21 418 -10 803 29 874 79 626 89 996 96 189 83 102 Adjustments for: Depreciation and amortization 5 043 9 450 8 178 13 198 17 474 12 009 18 612 Gain on acquisition of subsidiaries -5 050 -8 951 -172 -4
Slide 11: Selected financials
Selected financials 11 Selected financial data Selected financial ratios (in thousands of EUR) 9M 2012 9M 2011 9M 2012 9M 2011 Revenues 235 497 187 334 NET DEBT / EBITDA (LTM) 1,72 1,45 Gross profit 69 203 78 642 NET DEBT / SALES (LTM) 0,57 0,64 Gross profit margin 29% 42% TOTAL DEBT RATIO 42% 44% E