Tanmiah Food Company · TADAWUL:2281
Tanmiah Food — Q1 2024 Earnings Presentation
16 slides from Tanmiah Food's earnings presentation, May 13, 2024
Slide 1: Earnings Presentation 1Q2024
Earnings Presentation 1Q2024
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared solely for use as an investor presentation for Tanmiah Food Company (the “Company”). By attending or by reading this presentation, you agree to be bound by the following limitations. The information contained in this presentation is for background purpo
Slide 3: Table of Contents
TABLE OF CONTENTS 1 1Q2024 Highlights 2 1Q2024 Financial Overview 3 Outlook and Key Takeaways 3
Slide 4: 1Q2024 Highlights
01 1Q2024 Highlights 4
Slide 5: 1Q2024 highlights
1Q2024 highlights Robust growth in revenues and operating profit, with the highest standards of operational excellence in place +20% +18% +18% YoY revenue growth, Fresh Poultry revenue growth Animal Feed and Veterinary to SAR 581.4 mn Services revenue growth +68% +9% +2.6% Revenue growth; YoY operat
Slide 6: Sustainability is a core element of our strategy
Sustainability is a core element of our strategy, with a vision to become the number one global halal sustainable healthy protein company by 2030 ❖ Our materiality assessment and ESG benchmarking identified 8 key areas, categorized under People, Planet, and Agriculture, aligning with Vision 2030 and
Slide 7: Sustainability is a core element of our strategy
Sustainability is a core element of our strategy, with a vision to become the number one global halal sustainable healthy protein company by 2030 ❖ Certifications and Compliance: Awards and qualifications ❖ Facility Certifications: ISO 17025 certification in quality testing labs for microbiology and
Slide 8: 1Q2024 Financial Overview
02 1Q2024 Financial Overview 8
Slide 9: 1Q2024 financial performance – top line
1Q2024 financial performance – top line Revenues continue trending upwards during the period 1Q23 1Q24 4% 5% Revenues (SAR mn) 13% 12% +20% 581 484 84% 83% Fresh poultry Animal Feed and Vet Franchising ▪ Fresh poultry revenues witnessed an improvement of 18.3% YoY, driven by sustained capacity expan
Slide 10: 1Q2024 financial performance – profitability
1Q2024 financial performance – profitability Profitability margins at healthy levels, supported by expansion of fresh poultry capacity Gross Profit and Gross Profit Total Net Profit and Net Profit Margin Margin 24.8% 26.5%% 24.8% 24.8% 30 5.2% 160 30.0% 5.1% 4.3% 5.0% 25.0% 120 4.8% 15 20.0% 20 15 4
Slide 11: Focus on strategic expansion agenda
Focus on strategic expansion agenda Tanmiah’s capex program remains on track Capex Additions Capex Commitments (SAR mn) Right to use Assets (SAR mn) 80 (SAR mn) 187 451 60 450 180 392 58 40 350 150 37 129 250 20 120 150 0 90 50 1Q23 1Q24 60 1Q23 1Q24 ▪ Assets under construction & Capital Commitments
Slide 12: Prudent balance sheet management
Prudent balance sheet management Balance sheet (SAR mn) Non-current assets Current Assets Equity Non-current Liabilities Current Liabilities Dec 2023 Mar 2024 RoIC(1) (2) % 8.1% 9.8% Profitability RoE (1) % 13.1% 14.3% NWC-to-Sales (3) % 19% 15% 844 781 1,076 Trade receivables(3) Days of Sales 33 31
Slide 13: Fresh poultry segment analysis
Fresh poultry segment analysis Marketing and innovation initiatives helping drive sales volumes Product Awards Innovation Tanmiah Omega3 Launching of new Products Awarded Product of focused on consumer needs the Year and PPL Feed mills Hatcheries Farms growing its contribution to Wavemaker of the re
Slide 14: Outlook and Key Takeaways
03 Outlook and Key Takeaways 14
Slide 15: Key Takeaways
Key Takeaways Financial performance continues to be strong, with top line rising 20% Focus on strategic expansion plans remains, with production capacity increasing to 500,000 bpd Ongoing initiatives aimed at geographical coverage and channel expansion, in addition to enhanced marketing activities F
Slide 16: Thank You
THANK YOU Investor Relations & Media Queries Hussam Al Shareef Investor Relations Manager ir@tanmiah.com www.tanmiah.com