Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — Q1 2010|11 Earnings Presentation
20 slides from Agrana Beteiligungs-ag's earnings presentation, Jul 14, 2010
Slide 1: AGRANA Beteiligungs-AG Results of Q1 2010|11
AGRANA Beteiligungs-AG Results of Q1 2010|11 (March 1 – May 31, 2010) July 14, 2010|1
Slide 2: Financial Highlights Q1 2010|11
Financial Highlights Q1 2010|11 Further improvement of business performance Group revenue significantly up to € 540.5m (prior year: € 506.2m) due to increased sales volumes in all segments Operating profit after exceptional items of € 34.3m (prior year: € 20.0m) -> improvement of 71% Operating margi
Slide 3: AGRANA's Revenue by Segment
AGRANA’s Revenue by Segment €m +6.8% 540.5 Fruit 506.2 Starch Sugar +9.1% 223.9 205.2 125.6 +7.8% 135.4 34.7% 33.5% 40.5% 41.4% 175.6 +3.2% 181.2 24.8% 25.1% Q1 2009|10 Q1 2010|11 Q1 2009|10 Q1 2010|11 July 14, 2010|3
Slide 4: AGRANA's Operating Profit by Segment
AGRANA’s Operating Profit by Segment €m Fruit Starch Sugar +71.5% 34.3 12.8 20.0 +156.0% 19.5% 25.0% 17.8% 5.0 37.4% 15.3 +37.8% 11.1 44.7% 55.5% +56.4% 6.1 3.9 Q1 2009|10 Q1 2010|11 Q1 2009|10 Q1 2010|11 July 14, 2010|4
Slide 5: Key Drivers for Q1 2010|11
Key Drivers for Q1 2010|11 SUGAR o Increase in total sugar sales Segment o Lower sales prices for quota sugar o Significant increase in non-quota sugar revenue STARCH o Higher sales volumes in all product categories Segment o Lower raw material prices and energy costs o Improved performance of the b
Slide 6: SUGAR Segment Highlights
SUGAR Segment Highlights Revenue €m Revenue € 181.2m 175.5 +3.2% 181.2 • Sugar revenue was increased due to higher sales volumes • Sales prices of quota sugar below prior year price level • Significant increase in non-quota sugar volumes Q1 2009|10 Q1 2010|11 and prices Operating Profit €m Operating
Slide 7: Quotation for Raw Sugar & White Sugar
Quotation for Raw Sugar & White Sugar January 1, 2009 – July 9, 2010 Daily ICE SUG11 OCT0, SUGAR NO5 AUG0 02/01/2009 - 09/07/2010 (NYC) Price Price USD Line, ICE SUG11 OCT0, Last Trade(Last) 30y high 759 USD White sugar 09/07/2010, 383.384 USD/t T T Line, SUGAR NO5 AUG0, Last Trade(Last) 720 09/07/2
Slide 8: STARCH Segment Highlights
STARCH Segment Highlights Revenue €m +7.8% 135.4 Revenue € 135.4m 125.6 • Sales volumes increase in all product categories and by-products • Higher sales volumes compensated lower sales prices • Bioethanol sales volumes and sales prices exceeded last year’s level Q1 2009|10 Q1 2010|11 Operating Prof
Slide 9: Price Development of Cereals
Price Development of Cereals January 1, 2009 – July 9, 2010 Daily M.WHEAT EUR AUG0, MAIZE EUR AUG0 02/01/2009 - 09/07/2010 (PAR) Price Price EUR Line, M.WHEAT EUR AUG0, Last Trade(Last) EUR T 08/07/2010, 158 T Line, MAIZE EUR AUG0, Last Trade(Last) 09/07/2010, 165.5 190 190 CORN 185 Quotation 185 18
Slide 10: FRUIT Segment Highlights
FRUIT Segment Highlights Revenue €m 223.9 Revenue € 223.9m 205.2 +9.1% • Increased sales volumes of fruit preparations and juice concentrates more than compensated the lower sales prices • Main growth regions for fruit preparation are Russia, Poland and Ukraine • Apple juice concentrate price slight
Slide 11: Growth Projects Fruit preparation business
Growth Projects Fruit preparation business Egypt South Africa • Market expansion in North (Johannesburg) Africa & Middle East • Building a second production • Cooperation with a local plant for fruit preparations company in Cairo (49 %) • Securing its market share and • JV-Start Up (51:49) in June e
Slide 12: Financial Results Q1 2010|11
Financial Results Q1 2010|11 July 14, 2010|12
Slide 13: Consolidated Income Statement
Consolidated Income Statement (based on IFRS) Q1 Q1 Key P&L figures €m 2010|11 2009|10 Change Revenue 540.5 506.2 +34.3 Operating profit before 34.3 20.0 +14.3 exceptional items Exceptional items 0 0 Operating profit after 34.3 20.0 +14.3 exceptional items Net financial items (6.2) 1.0 -7.2 Profit b
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet Key figures €m 31 May 2010 28 February 2010 Non-current assets 1,003.0 1,003.7 Current assets 824.3 884.2 Total equity 935.1 904.7 Non-current liabilities 291.3 288.2 Current liabilities 600.9 695.0 Balance sheet total 1,827.2 1,887.9 Equity ratio 51.2% 47.9% Net financial
Slide 15: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Q1 Q1 €m 2010|11 2009|10 Net cash from/(used in) operating activities 2.3 (30.8) Net cash (used in) investing activities (3.9) (0.9) Net cash (used in)/from financing activities (13.2) 17.5 Net (decrease) in cash and cash equivalents (14.8) (14.2) July 14, 2010|15
Slide 16: Total Investment
Total Investment €m 7.6 Fruit +11.8% Starch 6.8 Sugar 3.1 3.1 0.8 1.9 3.7 1.7 Q1 2009|10 Q1 2010|11 July 14, 2010|16
Slide 17: Outlook
a SUGAR. STARCH. FRUIT. July 14, 2010|17
Slide 18: Outlook AGRANA Group FY 2010|11
Outlook AGRANA Group FY 2010|11 • Slight increase of Group revenue 2010|11 with increased sales volumes expected • Further improvement of operating profit 2010|11 by o Purchasing enhancements o Cost management o Sales optimisation • CAPEX € 55-60m July 14, 2010|18
Slide 19: Segment Outlook FY 2010|11
Segment Outlook FY 2010|11 o Limitation in sales of quota sugar due to sugar regime SUGAR Segment o Capacity utilisation with production of non-quota sugar o Expected sales stabilization in Romania and Bosnia- Herzegowina o Recovery for commodities expected due to business-cycle- STARCH driven marke
Slide 20: Disclaimer
Disclaimer This presentation is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. This presentation comprises the written materials/slides for a presentation concerning AGRANA Bet
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