Baladna Q.p.s.c · QSE:BLDN
Baladna Q.p.s.c — Q1 2020 Earnings Presentation
23 slides from Baladna Q.p.s.c's earnings presentation, May 2020
Slide 1: Financial Results Presentation
BALADNA Q.P.S.C. Financial Results Presentation For the Period From 2 December 2019 (Establishment Date) To 31 March 2020
Slide 2: Business Performance
Business ) Performance ex BALADNA® ~<A —«£
Slide 3: Purpose, Mission and Vision
PURPOSE To deliver sustainable, self-sufficient, food security in Qatar.. OUR MISSION To ensure consumers’ wellness by providing natural, nutritious and tasty foods and beverages, while maintaining the most rigorous food safety and biosecurity protocols. OUR VISION To be the most trusted brand of nu
Slide 4: Company Highlights
Company Highlights Qatar has become a model for developing a food security and self sufficiency program. Baladna has showcased how this can be done over an extremely short period of time and attracted the attention of many governments worldwide. Number one priority remains the contribution to th
Slide 5: Company Highlights
Company Highlights At Baladna, it is important that there is a close brand association with healthy products and active living/lifestyle, helping to positively support the health of the nation. Building a high performing team, driving the fundamentals, better understand our consumers and their n
Slide 6: Market Update and COVID-19 Impact on Business
Market Update • Core fresh dairy category growth momentum continues, +2.4% annual. • Long life dairy & creams category also growing, +2.2% annual. • Cheese category demonstrating positive trend, +4.1% annual. • Juice segment experiencing strong YoY increase, +11.9%. COVID-19 Impact on Business • No
Slide 7: Product Portfolio
Product ) Portfolio ex BALADNA® ~<A —«£
Slide 8: Fresh Dairy and Long Life Dairy & Creams
@FRESH DAIRY ‘Jj j LONG LIFE DAIRY & CREAMS) f
Slide 9: New Products Fueling Growth
New Products Fueling Growth As Baladna continues to focus on creating value, the role of innovation is critical in capturing growth opportunities. Ongoing commitment to innovation ensures Company strengthens its leadership position. Through product portfolio expansion, the Company is able to del
Slide 10: New Product Development (NPD)
New Product Development (NPD) 10
Slide 11: Market Share
Market Share 11.9% 4.2% 40.0% 74.8% CHEESE CREAMS LABAN UHT MILK 45.9% 13.5% LABNEH JUICE 85.6% 32.6% FRESH MILK YOGHURT Source: Nielsen data Feb ‘20 11
Slide 12: Financial Performance
Financial ) Performance ex BALADNA® ~<A —«£
Slide 13: Performance Highlights
Performance Highlights Operating Revenue EBITDA EBIT Net Profit Cash Flows Financial Highlights QR 237 QR 99 QR 49 QR 40 QR 258 Million Million Million Million Million Operational Highlights 37.2 191 34 106 20,846 Liters Avg. Milk Total # of SKUs # of New SKUs # of Sales Routes Total # of Herd Yield
Slide 14: Profit and Loss Statement
Profit and Loss Statement For the period from QR Million Establishment Date to 31 March 2020) Revenue 236.8 Cost of revenue (173.0) Gross profit 63.8 Other income 60.6 Selling and distribution expenses (26.4) General and administrative expenses (49.7) Operating profit for the period 48.3 Finance cos
Slide 15: Financial Performance
FINANCIAL PERFORMANCE 250 45% 40% 200 35% 30% 150 % of Revenue 42% 25% QR Million 237 27% 20% 100 21% 15% 17% 50 99 10% 64 5% 49 40 0 0% Revenue Gross Profit EBITDA EBIT Net Profit EBITDA includes Govt. compensation 15
Slide 16: Revenue Composition
REVENUE COMPOSITION Out of the total product portfolio, Fresh milk is the highest contributor to revenue followed by UHT, Cheese, Yogurt and Laban Fresh Milk, 34% etc. Total Revenue QR 236.8 Juice represents 5% of total revenue Million Cheese, 14% Others include livestock, compost and plastic
Slide 17: Revenue Growth
REVENUE GROWTH From 02 December 2019 to From 02 December 2018 to 31 March 2020 31 March 2019 Fresh Milk, 34% Total Revenue Total Revenue QR 96.0 147% Growth QR 236.8 Million Million Cheese, 14% UHT Milk, 29% 17
Slide 18: Financial Position as of March 2020
Financial Position as of 31 March 2020 Total Assets Total Shareholders’ Equity and Liabilities Total Equity Total Assets and Liabilities QR 3,496 Million QR 3,496 Million 18
Slide 19: Cash Flow Management
Cash Flow Management QR Million Cash and cash equivalents is representing net balance of cash and working capital facilities 19
Slide 20: Net Debt and Equity
Net Debt and Equity Net Debt of the Company Net Debt includes long term loan of QR 1.02B which has been re structured after the IPO partial settlement in to Murabaha Islamic loan payable in to 16 years in addition to grace period of 18 months. *Net Debt and Total Capital Employed is net of Cash an
Slide 21: Key Share Information
Key Share Information (As of 31 March 2020) Share Price Movement and DSM Index rebased Shareholder Structure Total Shares - 1,901 Million Source: Qatar Stock Exchange 21
Slide 22: Disclaimer
Disclaimer The above presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Information contained in this
Slide 23: Q&A
Q&A 23