Zambeef Products Plc · LSE:ZAM
Zambeef Products — FY2015 Earnings Presentation
17 slides from Zambeef Products's earnings presentation, September 2015
Slide 1: Results for the year ended 30 September 2015
for the year ended 30-September 2015 5 nae Pt Ne a = a = Se = rt SCaING A Growing COnMHeNT,
Slide 2: 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 LEGAL REQUIR
Slide 3: Highlights
HIGHLIGHTS GROSS PROFIT 2015: ZMW 667m GROSS PROFITS 34.2% from core cold chain food GROSS PROFIT MARGIN 2014: ZMW 497m GROUP GROSS PROFITS product divisions INCREASED INCREASED INCREASED by 34.2% to ZMW 667m TO 42.9% GROSS PROFIT from COLD CHAIN by 29.1% to ZMW 290m (2014: 39.9%) (2014: ZMW 497m) (
Slide 4: 2015 Financials
2015 Financials lll
Slide 5: Income statement
31 March 2015 31 March 2014 ZMW'000 ZMW'000 % Change Revenue 1 554 872 1 244 136 24.98% Cost Of Sales (888 159) (747 389) -18.83% Gross Profit 666 713 496 747 34.22% Other Income 708 2 747 -74.23% Administrative Expenses (505 343) (443 324) -13.99% Administrative Expenses (excluding depreciation) (4
Slide 6: Balance sheet
30 Sept ember 2015 30 September 2014 ZMW'000 ZMW'000 Non-Current Assets 1 989 503 1 612 530 Current Assets 791 124 724 428 Total Assets 2 780 627 2 336 958 Capital and Reserves 1 475 292 1 343 338 Non-Current Liabilities 516 292 397 357 Current Liabilities 789 043 596 263 Total Equity and Liabilitie
Slide 7: Cash flow
30 September 2015 30 September 2014 ZMW'000 ZMW'000 Profit Before Taxation (35 575) (21 159) EBITDA 149 501 107 365 Movement in Working Capital 114 274 (25 808) Cash inflow/(outflow) from Operating Activities 263 775 81 556 Cash inflow/(outflow) from/(on) investment activities (25 066) (99 920) Cash
Slide 8: Revenue and gross profit by segment
2015 2014 2015 2014 Gross Revenue Revenue 2015 2014 Gross Profit 2015 2014 2015 2014 Profit % % of % of Segment ZMW'000 ZMW'000 % of Group ZMW'000 ZMW'000 % Change % of Group GP % GP % Change Group Group Stock Feed 407 867 339 268 20.22% 18.98% 17.54% 74 602 54 690 36.41% 10.44% 9.85% 18.29% 16.12%
Slide 9: Divisional operating review
PERISHABLES FARMING MANUFACTURING BEEF CROPPING EDIBLE OILS 26.9% 63.1% 38.0% GP: ZMW 136m GP: ZMW 253m GP: ZMW 40.4m • Commercial cattle supply stable • 24,174 Ha planted • Crushed 34,050 M.T. • Traditional cattle supply stable – predominantly soya, wheat and • Challenges – Exchange Rate; increased
Slide 10: Segmental Summary
Segmental Summary % OF GROUP Cold Chain Food Products GROSS PROFIT 2015: 40.58% 2014: 40.46% 40.00% 2015 35.45% 2014 35.00% 27.98% 30.00% 25.00% 19.32% 19.03% 20.00% 11.74% 15.00% 10.44% 9.85% 7.57% 7.40% 6.51% 10.00% 6.01% 5.65% 4.60% 4.21% 3.71% 3.54% 2.71% 2.16% 2.09% 1.94% 1.80% 1.73% 1.59% 5.00
Slide 11: Gross profit by segment
GROSS PROFIT (ZMW’000) 2015 Cold Chain Food Products 2014 300,000 2015: 289 983 2014: 224 566 253,326 250,000 200,000 155,295 135,995 150,000 107,210 74,602 100,000 65,131 54,690 52,904 42,980 42,042 40,367 36,154 32,900 26,536 23,382 19,646 50,000 15,051 13,832 12,867 12,344 12,003 11,581 11,372 7,
Slide 12: Shoprite stores and core cold chain food
45 SHOPRITE STORES 26 in Zambia, 14 in Nigeria, 5 in Ghana CORE COLD CHAIN FOOD PRODUCT REVENUE 92 7 NEW SHOPRITE STORES ZAMBEEF STORES 86 in Zambia, 6 in Nigeria opened during 2015 – 3 in Zambia, 3 in Nigeria & 1 in Ghana Beef Chicken 7 NEW PROCESSING AND DISTRIBUTION HUB MACRO STORES in Kitwe and
Slide 13: Outlook
Outlook Focus on Strategic Priorities: Chicken Breeder Farm, Retailing of cold chain meat West African Hatchery and new Stock and dairy products Expansion Feed Plant at Mpongwe Strong operating Unlocking value and capital gains Farm within the group and reducing debt / 8 new Shoprite stores due to p
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Slide 15: Operating in some of the fastest growing parts of the world
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 urbanisation. • Current populati
Slide 16: Africa: GDP growth and demographics
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 billion in 2025 Popula
Slide 17: Contact details
Private Bag 17, Woodlands Plot 4970, Manda Road Industrial Area, Lusaka. Zambia Tel: +260 211 369 000; Fax: +260 211 369 050 www.zambeefplc.com