Kernel Holding S.a. · GPW:KER
Kernel — Q3 FY2011 Earnings Presentation
9 slides from Kernel's earnings presentation, 2011
Slide 1: Q3 FY2011
Q3 FY2011
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no re- liance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of
Slide 3: Financial Highlights
Financial Highlights (1) Amounts in USD millions, except for EPS and ratios Q3 FY2010 Q3 FY2011 % change Revenue 269.4 515.4 91.3% Result from operating activities (EBIT) 45.4 81.8 80.2% Net profit (2) 40.0 77.9 94.8% EBITDA (3) 50.2 90.1 79.5% EPS (4) 0.58 1.04 80.1% Net Debt / EBITDA (5) 1.5 x 1.7
Slide 4: Financial Highlights — 9 months to 31 March
Financial Highlights — 9 months to 31 March 9 months ended 9 months ended Amounts in USD millions, except for EPS % change 31 March 2010 31 March 2011 Revenue 782.0 1 427.8 82.6% Operating profit (EBIT) 127.3 207.1 62.7% Net profit (1) 122.4 164.1 34.0% EBITDA 142.1 231.5 62.9% EPS (2) 1.77 2.21 1.
Slide 5: Income Statement Highlights
Income Statement Highlights (1) Amounts in USD millions, except for EPS and margins Q3 FY2010 Q3 FY2011 % change Revenue 269.4 515.4 91.3% Result from operating activities (EBIT) 45.4 81.8 80.2% Net profit (2) 40.0 77.9 94.8% EBITDA (3) 50.2 90.1 79.5% EPS (4) 0.58 1.04 80.1% Gross margin 32.9% 28.8
Slide 6: Balance Sheet Highlights
Balance Sheet Highlights (1) Amounts in USD millions 31 March 2010 31 December 2010 31 March 2011 Invested Capital Cash & cash equivalent 14.8 216.0 59.3 Net trade accounts receivable 42.9 127.7 116.9 Inventory 190.5 547.0 388.9 Of which: Readily Marketable Inventories (2) 186.8 538.9 384.3 Other cu
Slide 7: Cash Flow Highlights
Cash Flow Highlights (1) Amounts in USD millions Q3 FY2010 Q3 FY2011 Operating profit before working capital changes 49.9 89.8 Changes in working capital 66.4 113.2 Cash obtained from operations 116.3 203.0 Finance costs paid (5.1) (14.0) Income tax paid (0.2) (0.5) Net cash obtained from operations
Slide 8: Segmental Results
Segmental Results Revenue(1), USD million Operating profit(2), USD million Operating margin, % Tonnage(3) Q3 FY10 Q3 FY11 % change Q3 FY10 Q3 FY11 % change Q3 FY10 Q3 FY11 Q3 FY10 Q3 FY11 % change Bottled oil 28.6 33.0 15.4% 7.1 3.5 (50.7)% 24.8% 10.7% 26.3 22.8 (13.4)% Bulk oil 87.6 354.2 304.3% 18
Slide 9: Liquidity position & credit metrics
Liquidity position & credit metrics Amounts in USD millions, except ratios 31 March 2010 31 December 2010 31 March 2011 Cash 14.8 21.6 59.3 Inventory 190.5 547.0 388.9 Of which: Readily Marketable Inventories 186.8 538.9 384.3 RMI/Inventories 98.0% 98.5% 98.8% Gross interest-bearing debt 306.0 725.0