Agthia Group · ADX:AGTHIA
Agthia — Agthia Group PJSC — Q1 2020 Earnings Presentation
13 slides from Agthia's earnings presentation, May 11, 2020
Slide 1: Agthia Group PJSC Q1 2020 Analyst & Investor Earnings Call
Agthia Group PJSC Q1 2020 Analyst & Investor Earnings Call Abu Dhabi, 11 May 2020 1
Slide 2: Disclaimer – Forward Looking Statements
DISCLAIMER – FORWARD LOOKING STATEMENTS Agthia Group PJSC and its management may make certain statements that constitute “forward-looking statements” with respect to the financial condition, results of operations and business of the Group. These statements can be identified by the fact that they do
Slide 3: Quarter Highlights
QUARTER HIGHLIGHTS • Gulfood 2020 – Agthia’s commitment to Sustainability: Launching region’s first plant based water bottle – Al Ain Plant Bottle Initiating PET collection & recycling project with Veolia • COVID-19 – Agthia’s Readiness: Collaborating with government to ensure continuous suppl
Slide 4: Bottled Water Market Shares
BOTTLED WATER MARKET SHARES1 Volume share % Value share % Total Agthia Al Ain Comp 1 Comp 2 Comp 3 Bayan Alpin MAT'19 MAT'20 MAT'19 MAT'20 • Defensive market share- total Agthia, 29.0% volume and 26.4% value (MAT’20) • Al Ain Water leadership position sustains at 27.0% volume and 24.5% value (MAT’20
Slide 5: Water | Sold Volumes
WATER | SOLD VOLUMES Sold volume Q1 2020 y/y • Growth in HOD sold volume HOD* (million bottles) 6.5 +10% • UAE bottled water increased volume on Bottled Water (million cases) consumer stockpiling in March UAE 13.2 +2.3% KSA 2.5 -11.2% • Lower sales in KSA as we target Kuwait 2.2 +141.7% improving cr
Slide 6: Food
FOOD Top-line growth drivers: Trading items (CSD) and TP/FV (UAE & Egypt) AED M Q1 2020 Q1 2019 y/y Revenue contribution as of Q1 2020 Segment Revenues 82 67 +21% Bakery Segment Profit 4.1 3.5 +18% 1% Dairy 7% TP / FV • Trading Items: 53% of segment 39% TP / FV Egypt • Revenues +19% y/y 19% • Net Pr
Slide 7: Agri
AGRI Top-line growth and Enhanced profitability Segment Revenues: FLOUR + Strong domestic volumes with expanded retail penetration AED 154 million + Expansion in exports (including an order to World Food Program) +52% + Wheat trading FEED + Favourable mix- tilted towards subsidized channel AED 120 m
Slide 8: Financial Performance
dao isi bay ygojilo Committed to healthier living FANANCIAL PERFORMANCE
Slide 9: Revenue Y-o-Y Growth
REVENUE Y-O-Y GROWTH AED 571 M AED 273 M AED 298 M Agthia Agri Consumer 52.2% Agri-business -4.3% Flour Feed 20.9% 12.5% Consumer business 20.9% 5.7% 0.9% W&B Food 9
Slide 10: Gross Profit Margin
GROSS PROFIT MARGIN Quarterly Gross Profit Margin, % Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 31.8% 32.8% 33.0% 31.4% 29.9% Lower BW pricing (Domestic & Int’l) + Lower Beverage volume sales (excise tax & pressure on food service channel) 10
Slide 11: Group Net Profit
GROUP NET PROFIT Group net profits (AED M) 40 -33% 27 35 -2% 35 27 27 39 39 31 26 13 6 -18 -18 -18 -18 Q1 2019 Q1 2020 Q1 2019* Q1 2020* Consumer Agri Unallocated *Excluding one-offs: Q1 2020 excluding Bad debt provision and Q1 2019 excluding Turkey tax credit Unallocated = Head Office charges 11
Slide 12: Top and Bottom Line Reconciliation
TOP AND BOTTOM LINE RECONCILIATION Group revenues (AED M) Group net profits (AED M) 40 -4 +29 -4 -3 -3 571 -3 -3 +6 -5 +39 +1 +9 27 -7 508 Q1 2019 WFP flour Grain Organic UAE BW Lower Lower Q1 2020 Q1 2019 UAE BW Lower Lower KSA Turkey Tax Bad Debt Cost Others Q1 2020 order trading growth* pricing B
Slide 13: Q&A
Q&A Agthia Group PJSC Q1 2020 Analyst & Investor Earnings Call 13 Abu Dhabi, 11 May 2020